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Puravankara Ltd share Price Today

Company details

437.00
449.00
91.00
462.40
6M Return 129.24%
1Y Return 397.28%
Mkt Cap.(Cr) 10,413.26
Volume 93,523
Div Yield 1.43%
OI
-
OI Chg %
-
Volume 93,523

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Realty company Puravankara announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Area sold: 2.35 msft ( 94% YoY)
  • Sales value: Rs 1,947 crore ( 93% YoY)
  • Sales realisation: Rs 8,285/sft ( 0% YoY)
  • Total Revenue: Rs 947 crore ( 112% YoY)
  • EBITDA: Rs 139 crore ( 30% YoY)
  • Loss: Rs 7 crore (-124% YoY)

FY24 Financial Highlights:

  • Area sold: 7.36 msft ( 84% YoY)
  • Sales value: Rs 5,914 crore ( 90% YoY)
  • Sales realisation: Rs 7,916/sft (2%YoY)
  • Revenue from projects: Rs 2,260 crore ( 61% YoY)
  • EBITDA: Rs 531 crore ( 23% YoY)
  • Profit: Rs 42 crore (-33% YoY)
  • Net operating surplus: Rs 513 crore ( 598% YoY)

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Limited, said, “For FY24, we achieved pre-sales of Rs 5,914 crore, up by 90% year-on-year, demonstrating our commitment to growth and trust of our customers. We launched 12 projects with a saleable area of 9.47 million square feet, reinforcing our expansion into high-potential micromarkets. As of date, we have successfully secured redevelopment rights and have been appointed as the preferred developer for three redevelopment projects in Mumbai with a potential gross development value of Rs 3,600 crore and are in advance discussions for more projects.

We are happy to announce that we have successfully returned investments of IFC and ASK amounting to Rs 410 crore. In line with our growth plans, to replenish our land bank, we have deployed Rs 300 crore of land advances from internal accruals and debt, showcasing our successful generation of project surpluses and deployment thereof. This quarter's financials reflect increased expenses for presales and G&A towards new acquisitions along with geographic expansion towards future value creation.”

Result PDF

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Puravankara Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Increasing Revenue every quarter for the past 3 quarters

Weakness (6)

  • Red Flag: High Interest Payments Compared to Earnings
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 446.4
R2 453.7
R3 458.4
Pivot

441.70

S1 434.4
S2 429.7
S3 422.4
EMA SMA
412.8
374.7
321.6
256.8
417.9
379.0
305.1
229.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-04 211.73 1191712 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-04 211.94 1191712 NSE
GOTHIC HSP CORPORATION Bulk Purchase 2019-02-21 71.65 1500000 BSE
Name Category Shares
Ravi Puravankara PROMOTER 75%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Puravankara Ltd Stocks COMPARISON

Financials( in Cr) Puravankara Ltd DLF Ltd Godrej Properties Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 439.10 878.60 2,998.50 1,926.85 1,907.80
% Change 0.86 0.52 -1.06 2.90 -1.40
Mcap Cr 10,413.26 217,480.91 83,370.59 77,240.09 69,367.99
Revenue TTM Cr 1,235.77 5,694.83 2,252.26 8,315.00 4,495.79
Net Profit TTM Cr 66.52 1,100.92 620.60 1,066.80 1,926.60
PE TTM 247.08 79.67 114.96 56.23 39.46
1 Year Return 397.28 74.46 103.36 235.60 93.86
ROCE 7.27 4.51 5.64 10.43 16.30
ROE 2.92 2.97 5.80 8.57 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,986.77 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20
Provident Housing acquires land at Dabolim, Goa

Jun 15, 2024 l BSE Announcement

Puravankara Limited - Shareholders meeting

Jun 14, 2024 l NSE Announcement

Puravankara Limited - Qualified Institutional Placement

Jun 13, 2024 l NSE Announcement

Date Action Type Ratio
Feb 01, 2024 Dividend 126
Sep 15, 2022 Dividend 100

Puravankara Ltd Information

Stock PE (TTM)
247.08
Promoter Holding
75%
Book Value
79.4101
ROCE
7.27%
ROE
2.92%
Description
  • Puravankara Projects Limited (PPL) was incorporated on 3rd June 1986 in Mumbai as a Private Limited Company under the name of `Puravankara Constructions Private Limited`. The Company is engaged in Real Estate Development, Construction, of Commercial and Residential Property. The Company`s operations cover Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the United Arab Emirates (U.A.E). Also have representatives in the United Kingdom and the United States. PPL have completed many residential and commercial projects covering approximately 4.73 million sq.ft of saleable area. The network of the company expanded to Bangalore in the year 1987 and commenced its operations in Bangalore during the year 1990, also launched its first residential project. The name of the company was changed to Puravankara Projects Limited and the status also changed to a public limited company, the fresh certificate of incorporation consequent on change of name and status was granted to the company on 19th August 1992. PPL was certified as an ISO 9001 compliant company by DNV in the year 1998. One of the company`s residential projects, Purva Park was nominated as a finalist in the International Prix d`Excellence awarded by the FIABCI, Paris in the identical year of 1998. During the year 2002, PPL obtained the CRISIL DA2 rating and set up its office in U.A.E. The Company had spread its wing to Chennai, set up its operations in Chennai during the year 2004. PPL had entered into a joint venture with the Keppel Investment Mauritius Private Limited in 2005. During the same year 2005, set up its operations in Kochi and obtained approval from the Board of Investment in Sri Lanka. The Company Joint Venture with Keppel Land Limited, Singapore had launched Elita Promenade in JP Nagar, Bangalore during July 2005. In recognition of the quality projects and for delivering properties on time to customers with clear title to properties, the company received DA2 rating from CRISIL in the year 2006. In June 2006, PPL had signed a Memorandum of Understanding (MOU) with the City Municipal Council (CMC), Yelahanka in an effort to develop the double road connecting the Doddaballapura road to Yeshwanthpura road via Attur. PPL tapped capital market by the way of its Initial Public Offering (IPO) in July of the year 2007. The Company bagged the bid from Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in November 2007 to develop a Hi-tech City in Hyderabad. PPL made its foray into the affordable housing segment and launched a 100% owned subsidiary called Provident Housing and Infrastructure during in August of the year 2008. The Company launched its first affordable housing project at Chennai in 2009. Provident Housing Limited, a 100% subsidiary of Puravankara Projects Limited, launched its second affordable housing project in Bangalore, after its successful launch in Chennai. Brand Provident was launched in the fiscal year 2009-10 under the subsidiary company, Provident Housing Limited. The Company completed 36 residential and commercial projects in 2010. The Company had invested Rs 221,186,000 during Jun` 2007 in Keppel Magus Development Private Limited, holding 36.26% stake in the Company, together with Wisley Pte Ltd. - Part of Keppel Group, holding 37.74% and RSJ Developers Private Limited, holding 26%. On 9 May 2014, Company got into a Share Purchase Agreement with BMS Reality Pvt. Ltd. to sell its entire holdings together with Wisley Pte. Ltd. and RSJ Developers Private Limited, which completed the sale on 2 July 2014. Consequent to the aforesaid sale, Keppel Magus Development Private Limited, ceases to be an Associate Company. On 6 April 2015 Investment (10,000 Shares of Rs 10 /- each) in Purva Good Earth Properties Pvt. Ltd. was transferred to Provident Housing Ltd. (a Subsidiary of the Company) for a Consideration of Rs. 1,00,000 and consequently, Purva Good Earth Properties Pvt. Ltd. ceases to be a Subsidiary Company with effect from aforementioned date and became a step-down Subsidiary of the Company. Jaganmata Property Developers Private Limited, Jyothishmati Business Centers Private Limited, Vagishwari Land Developers Private Limited and Varishtha Property Developers Private Limited were incorporated wholly-owned subsidiary companies during the year 2015-16. Further to the approval by Shareholders, name of the Company was changed from `Puravankara Projects Limited` to `Puravankara Limited` with effect from January 10, 2017. During the year 2016-17, Purva Pine Private Limited and Purva Oak Private Limited were incorporated wholly-owned subsidiary companies. Three step down companies, Argan Properties Private Limited, Provident Meryta Private Limited and Provident Cedar Private Limited being wholly-owned subsidiaries of Provident Housing Limited, a subsidiary of the Company were incorporated during year 2016-17. During the year 2017-18, the Company acquired the entire equity share capital of IBID Home Private Limited whereby the same became a wholly owned subsidiary Company. During the year 2019-20, the Company acquired Devas Global LLP, which is now a wholly-owned subsidiary of the Company. Further, Purva Woodworks Private Limited was incorporated as a wholly-owned subsidiary of the Company during August, 2020. During the year 2020-21, the Company launched six projects -Provident Woodfield, Purva Atmosphere, Purva Aspire, Purva Emerald Bay, Purva Promenade and Purva Clermont. During the year 2021-22, six projects comprising of PalmVista, Provident Equinox, Provident Winworth, Purva South Bay, Tivoli Hills and Tree Haven were launched. The Company acquired Purva Asset Management Private Limited (formerly, MAP Capital Advisors Private Limited) as a wholly-owned subsidiary of the Company w.e.f. August 04, 2021. Vagishwari Land Developers Private Limited ceased to be a subsidiary of the Company w.e.f. June 10, 2021. Nile Developers Private Limited ceased to be a subsidiary of the Company w.e.f. November 10, 2021 and Propmart Technologies Limited became a subsidiary of the Company w.e.f. March 31, 2022. The Company was allotted 79,50,000 bonus shares by each of the wholly owned subsidiaries, Starworth Infrastructure & Construction Limited (SICL) and in Provident Housing Limited (PHL). During May 2022, the Company was allotted 47,72,047 equity shares in Bangalore Tower Private Limited, the resulting Company on account of Demerger of Keppel Puravankara Development Private Limited, the Demerged Company. The Company sold 47,72,047 equity shares held in Bangalore Tower Private Limited (BTPL), an associate of the Company on 27 June, 2022 and consequently, BTPL has ceased to be an associate of the Company during June 2022.

Registered Address

No 130/1 Ulsoor Road, , Bangalore, Karnataka, 560042

Tel : 91-80-44555555/43439999
Email : investors:puravankara.com ; info:puravankara.com
Website : http://www.puravankara.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532891
NSE Code : PURVA
Book Closure Date (Month) :
BSE Group : T
ISIN : INE323I01011

FAQ’s on Puravankara Ltd Shares

You can buy Puravankara Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Puravankara Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:57 PM the closing price of Puravankara Ltd was Rs.439.10.

The latest PE ratio of Puravankara Ltd as of Jun 14, 2024 03:57 PM is 247.08

The latest PB ratio of Puravankara Ltd as of Jun 14, 2024 03:57 PM is 0.18

The 52-week high of Puravankara Ltd share price is Rs. 462.40 while the 52-week low is Rs. 91.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:57 PM, the market cap of Puravankara Ltd stood at Rs. 10,413.26.

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