India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,090 Prahaladbhai Shivrambhai Patel & family ₹2,400 Cr
Market Cap
₹2,995 Cr
PSPPROJECT · NSE
Share Price
₹732.15
-3.08% today
Revenue
₹3,149 Cr
FY 2025-26 · +25.3% YoY
EBITDA
₹189 Cr
Margin 6.0%
Net Profit
₹56.21 Cr
FY 2025-26 · -4.1% YoY
P/E (TTM)
40.6x
P/B 2.4x
ROE
4.5%
ROCE 7.8%
Debt / Equity
0.24
Interest cover 44.1x
About PSP Projects Limited
Data last updated:
PSP Projects Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 26 August 2008 and has been in existence for over 18 years.
Its director Prahaladbhai Shivrambhai Patel and family are #1,090 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45201GJ2008PLC054868. Its GSTIN is 24AAECP7961L1ZY (Gujarat). The company holds 8 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 540544 and NSE: PSPPROJECT.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹39.64 Cr. It was formerly known as Psp Projects Private Limited. It is led by directors including Prahaladbhai Shivrambhai Patel (Managing Director) and Sagar Prahladbhai Patel.
Its last annual general meeting (AGM) was held on 27 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,148.66 Cr, a growth of 25.3% compared to the previous year. For the same year it recorded a net profit of ₹56.21 Cr (net margin 1.8%) and EBITDA of ₹189.04 Cr (EBITDA margin 6%). The net worth stands at ₹1,263.95 Cr (up 4.6% YoY). Total assets are valued at ₹1,597.26 Cr (up 7.7% YoY).
The company has about 9,807 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: PSP Projects. As per MCA filings, the company has open charges of ₹1,565.3 Cr and satisfied charges of ₹544.73 Cr on record. Court records list 80 cases involving the company, including 16 filed by the company and 64 filed against it; 7 cases are pending. The company has 19 deals on record (16 market trades, 1 qip, 1 acquisition); the latest was in October 2025. Its 3 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is KMV Projects Limited with revenue of ₹3,036.01 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 13 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pspprojects.com.
Company details
CIN L45201GJ2008PLC054868
Registration Number 054868
Incorporation Date 26 August 2008
ROC Ahmedabad
Listing Status Listed - Listed on NSE (PSPPROJECT); Listed on BSE (540544)
Company Status Active
Date of Last AGM 27 June 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
PSP Projects has one previous CIN (Corporate Identification Number): U45201GJ2008PLC054868. The current CIN is L45201GJ2008PLC054868, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45201GJ2008PLC054868 | Current |
| U45201GJ2008PLC054868 | Previous |
Key People
Prahaladbhai Shivrambhai Patel Managing Director Sagar Prahladbhai Patel Director Achala Monal Patel Director Recognitions & Rankings of PSP Projects
Contact details
PSP Projects Limited's registered office is in Ahmedabad, Gujarat. Its website is pspprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address"Psp House" Opp. Celesta Courtyard, Opp. Lane Of Vikram Nagar Colony Iscon – Ambli Road, Ahmedabad, Gujarat, India – 380058
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of PSP Projects Limited, buy the company report.
Comprehensive company report
PSP Projects Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
PSP Projects operates one associated brand: PSP Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial properties are developed alongside construction management services. | pspprojects.com |
Business activity
The main business activities of PSP Projects are construction and manufacturing. In detail, this covers buildings and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of PSP Projects Limited, buy the company report.
Financials of PSP Projects Limited
FY 2025-26 filings availablePSP Projects Limited reported revenue of ₹3,148.66 Cr (up 25.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹3,149 Cr
+25.3% YoY
EBITDA
₹189 Cr
+5.3% YoY
Profit After Tax
₹56.21 Cr
-4.1% YoY
Net Worth
₹1,264 Cr
+4.6% YoY
Total Assets
₹1,597 Cr
+7.7% YoY
Total Debt
₹330 Cr
+21.6% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,149 | 2,512 | 2,506 | 1,938 | 1,748 | 1,241 | 1,499 |
| Revenue growth | +25.3% | +0.3% | +29.3% | +10.9% | +40.9% | -17.2% | - |
| EBITDA | 189 | 179 | 261 | 230 | 258 | 135 | 191 |
| EBITDA margin | +6.0% | +7.1% | +10.4% | +11.9% | +14.8% | +10.9% | +12.7% |
| Profit before tax | 74.49 | 79.89 | 169 | 183 | 222 | 111 | 173 |
| Net profit | 56.21 | 58.62 | 123 | 131 | 166 | 81.55 | 128 |
| Net profit margin | +1.8% | +2.3% | +4.9% | +6.8% | +9.5% | +6.6% | +8.6% |
| EPS (₹) | 14.00 | 14.23 | 34.16 | 36.65 | 46.29 | 22.65 | 35.69 |
| Balance sheet | |||||||
| Total assets | 1,597 | 1,483 | 1,373 | 948 | 788 | 621 | 535 |
| Net worth | 1,264 | 1,209 | 915 | 801 | 687 | 536 | 454 |
| Total debt | 330 | 272 | 455 | 145 | 99.66 | 83.87 | 79.84 |
| Cash & bank | 416 | 208 | 227 | 242 | 196 | 229 | 197 |
| Net working capital | 895 | 910 | 866 | 465 | 339 | 322 | 271 |
| Cash flow | |||||||
| Cash from operations | 323 | 52.71 | (224) | 45.28 | 147 | 73.47 | 15.51 |
| Cash from investing | (152) | (106) | (26.25) | (50.72) | (164) | 5.19 | (7.98) |
| Cash from financing | 9.68 | 19.60 | 269 | 11.55 | (10.73) | (4.38) | (1.75) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 853 | 1,115 | 813 | 703 | 518 | 673 | 630 | 586 |
| Revenue growth (YoY) | +64.8% | +65.7% | +29.0% | +20.0% | -16.9% | - | - | - |
| Other income | 4.06 | 5.27 | 3.88 | 4.11 | 4.00 | 5.18 | 3.78 | 4.57 |
| EBITDA | 54.79 | 59.80 | 54.53 | 49.93 | 24.79 | 32.35 | 35.52 | 37.60 |
| EBITDA margin | +6.4% | +5.4% | +6.7% | +7.1% | +4.8% | +4.8% | +5.6% | +6.4% |
| Depreciation | 23.07 | 26.37 | 23.66 | 19.65 | 16.89 | 19.25 | 18.74 | 17.93 |
| Interest | 7.54 | 11.21 | 10.86 | 12.00 | 11.17 | 10.24 | 10.24 | 10.58 |
| Profit before tax | 28.24 | 27.49 | 23.89 | 22.39 | 0.73 | 8.04 | 10.32 | 13.66 |
| Tax | 9.91 | 6.33 | 6.06 | 6.23 | 0.30 | 1.58 | 3.73 | 3.44 |
| Net profit | 18.33 | 21.16 | 17.83 | 16.16 | 0.43 | 6.46 | 6.59 | 10.22 |
| EPS (₹) | 4.63 | 5.26 | 4.53 | 4.10 | 0.11 | 1.64 | 1.28 | 2.60 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,989 | 2,468 | 2,462 | 1,927 | 1,749 | 1,241 | 1,499 |
| Revenue growth | +21.1% | +0.2% | +27.8% | +10.2% | +40.9% | -17.2% | - |
| EBITDA | 180 | 178 | 262 | 225 | 256 | 132 | 191 |
| EBITDA margin | +6.0% | +7.2% | +10.6% | +11.7% | +14.7% | +10.6% | +12.7% |
| Profit before tax | 68.87 | 78.42 | 170 | 180 | 219 | 109 | 174 |
| Net profit | 52.99 | 59.57 | 124 | 134 | 162 | 83.11 | 129 |
| Net profit margin | +1.8% | +2.4% | +5.0% | +7.0% | +9.2% | +6.7% | +8.6% |
| EPS (₹) | 13.19 | 14.24 | 34.42 | 36.95 | 45.11 | 22.44 | 35.91 |
| Balance sheet | |||||||
| Total assets | 1,594 | 1,483 | 1,372 | 947 | 786 | 620 | 532 |
| Net worth | 1,261 | 1,209 | 915 | 800 | 685 | 538 | 457 |
| Total debt | 330 | 272 | 455 | 145 | 99.66 | 80.96 | 74.85 |
| Cash & bank | 413 | 208 | 225 | 242 | 195 | 229 | 197 |
| Net working capital | 893 | 911 | 866 | 464 | 339 | 321 | 265 |
| Cash flow | |||||||
| Cash from operations | 337 | 54.52 | (227) | 43.09 | 120 | 70.83 | 19.04 |
| Cash from investing | (168) | (106) | (25.20) | (48.37) | (140) | 5.39 | (11.25) |
| Cash from financing | 8.50 | 19.60 | 269 | 11.55 | (7.74) | (2.10) | (1.63) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 785 | 1,012 | 771 | 694 | 513 | 655 | 623 | 578 |
| Revenue growth (YoY) | +53.2% | +54.5% | +23.8% | +20.0% | -16.2% | - | - | - |
| Other income | 4.10 | 9.03 | 4.01 | 4.11 | 4.00 | 5.10 | 3.78 | 4.57 |
| Total expenses | 735 | 957 | 719 | 646 | 488 | 625 | 588 | 539 |
| EBITDA | 50.52 | 55.04 | 51.91 | 48.09 | 24.46 | 30.44 | 35.36 | 38.84 |
| EBITDA margin | +6.4% | +5.4% | +6.7% | +6.9% | +4.8% | +4.6% | +5.7% | +6.7% |
| Depreciation | 23.09 | 26.37 | 23.65 | 19.64 | 16.87 | 19.25 | 18.74 | 17.93 |
| Interest | 7.54 | 11.21 | 10.86 | 12.00 | 11.17 | 10.23 | 10.24 | 10.58 |
| Profit before tax | 23.99 | 26.49 | 21.41 | 20.56 | 0.42 | 6.06 | 10.16 | 14.90 |
| Tax | 8.84 | 5.34 | 5.35 | 5.68 | 0.22 | 1.12 | 4.08 | 3.76 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 853 | 1,115 | 813 | 703 | 518 | 673 | 630 | 586 |
| Revenue growth (YoY) | +64.8% | +65.7% | +29.0% | +20.0% | -16.9% | - | - | - |
| Other income | 4.06 | 5.27 | 3.88 | 4.11 | 4.00 | 5.18 | 3.78 | 4.57 |
| EBITDA | 54.79 | 59.80 | 54.53 | 49.93 | 24.79 | 32.35 | 35.52 | 37.60 |
| EBITDA margin | +6.4% | +5.4% | +6.7% | +7.1% | +4.8% | +4.8% | +5.6% | +6.4% |
| Depreciation | 23.07 | 26.37 | 23.66 | 19.65 | 16.89 | 19.25 | 18.74 | 17.93 |
| Interest | 7.54 | 11.21 | 10.86 | 12.00 | 11.17 | 10.24 | 10.24 | 10.58 |
| Profit before tax | 28.24 | 27.49 | 23.89 | 22.39 | 0.73 | 8.04 | 10.32 | 13.66 |
| Tax | 9.91 | 6.33 | 6.06 | 6.23 | 0.30 | 1.58 | 3.73 | 3.44 |
| Net profit | 18.33 | 21.16 | 17.83 | 16.16 | 0.43 | 6.46 | 6.59 | 10.22 |
| EPS (₹) | 4.63 | 5.26 | 4.53 | 4.10 | 0.11 | 1.64 | 1.28 | 2.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,149 | 2,512 | 2,506 | 1,938 | 1,748 | 1,241 | 1,499 |
| Revenue growth | +25.3% | +0.3% | +29.3% | +10.9% | +40.9% | -17.2% | - |
| Other income | 17.26 | 17.32 | 24.22 | 25.00 | 21.72 | 16.66 | 24.17 |
| Total expenses | 2,960 | 2,333 | 2,245 | 1,708 | 1,490 | 1,106 | 1,308 |
| Employee cost | 133 | 109 | 104 | 73.05 | 55.53 | 43.95 | 51.17 |
| EBITDA | 189 | 179 | 261 | 230 | 258 | 135 | 191 |
| EBITDA margin | +6.0% | +7.1% | +10.4% | +11.9% | +14.8% | +10.9% | +12.7% |
| Depreciation | 86.57 | 72.65 | 64.87 | 40.01 | 32.05 | 25.64 | 26.70 |
| Interest | 45.24 | 44.22 | 50.82 | 31.96 | 26.49 | 15.01 | 15.06 |
| Profit before tax | 74.49 | 79.89 | 169 | 183 | 222 | 111 | 173 |
| Tax | 18.91 | 21.91 | 46.00 | 48.45 | 55.33 | 27.58 | 45.04 |
| Net profit | 56.21 | 58.62 | 123 | 131 | 166 | 81.55 | 128 |
| Net profit margin | +1.8% | +2.3% | +4.9% | +6.8% | +9.5% | +6.6% | +8.6% |
| EPS (₹) | 14.00 | 14.23 | 34.16 | 36.65 | 46.29 | 22.65 | 35.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 39.64 | 39.64 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 |
| Reserves & surplus | 1,224 | 1,169 | 879 | 765 | 651 | 500 | 418 |
| Shareholders' funds (net worth) | 1,264 | 1,209 | 915 | 801 | 687 | 536 | 454 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.69 |
| Secured loans | 228 | 52.18 | 395 | 145 | 99.66 | 83.87 | 78.84 |
| Unsecured loans | 103 | 219 | 60.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Total debt | 330 | 272 | 455 | 145 | 99.66 | 83.87 | 79.84 |
| Total liabilities | 1,597 | 1,483 | 1,373 | 948 | 788 | 621 | 535 |
| Assets | |||||||
| Gross block | 769 | 599 | 559 | 416 | 345 | 229 | 200 |
| Net block | 413 | 307 | 322 | 240 | 207 | 116 | 108 |
| Capital work in progress | 0.86 | 2.77 | 2.88 | 17.74 | 0.00 | 41.65 | 0.00 |
| Investments | 0.66 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.66 |
| Inventories | 348 | 324 | 318 | 153 | 81.85 | 89.21 | 96.83 |
| Sundry debtors | 928 | 530 | 342 | 434 | 311 | 227 | 235 |
| Cash & bank balances | 416 | 208 | 227 | 242 | 196 | 229 | 197 |
| Loans & advances | 696 | 718 | 643 | 453 | 232 | 148 | 170 |
| Total current assets | 2,387 | 1,779 | 1,530 | 1,282 | 821 | 693 | 699 |
| Total current liabilities | 1,492 | 870 | 664 | 817 | 482 | 371 | 428 |
| Net working capital | 895 | 910 | 866 | 465 | 339 | 322 | 271 |
| Total assets | 1,597 | 1,483 | 1,373 | 948 | 788 | 621 | 535 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 79.72 | 113 | 94.11 | 88.00 | 116 | 41.32 | 35.55 |
| Net cash from operating activities | 323 | 52.71 | (224) | 45.28 | 147 | 73.47 | 15.51 |
| Net cash from investing activities | (152) | (106) | (26.25) | (50.72) | (164) | 5.19 | (7.98) |
| Net cash from financing activities | 9.68 | 19.60 | 269 | 11.55 | (10.73) | (4.38) | (1.75) |
| Net change in cash | 180 | (33.38) | 18.99 | 6.11 | (27.60) | 74.28 | 5.78 |
| Closing cash | 416 | 208 | 227 | 242 | 196 | 229 | 197 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +25.3% | +0.3% | +29.3% | +10.9% | +40.9% | -17.2% | - |
| EBITDA growth | +5.4% | -31.2% | +13.4% | -11.0% | +91.5% | -29.3% | - |
| PBT growth | -6.8% | -52.9% | -7.4% | -17.4% | +99.7% | -36.0% | +26.1% |
| Net income growth | -4.1% | -52.2% | -6.7% | -20.9% | +103.7% | -36.5% | - |
| Revenue CAGR (3Y) | +17.6% | +12.9% | +26.4% | +8.9% | +18.5% | +18.2% | +49.9% |
| EBITDA CAGR (3Y) | -6.3% | -11.5% | +24.6% | +6.4% | +20.3% | +8.9% | +41.7% |
| Profitability & leverage | |||||||
| Net income margin | +1.8% | +2.3% | +4.9% | +7.0% | +9.5% | +6.7% | +8.6% |
| Return on capital employed | +7.8% | +8.7% | +19.0% | +24.8% | +35.2% | +21.8% | +40.3% |
| Return on net worth | +4.5% | +5.5% | +14.4% | +18.1% | +27.2% | +16.8% | +31.1% |
| Debt / equity | 0.24 | 0.34 | 0.35 | 0.16 | 0.15 | 0.17 | 0.13 |
| Long-term debt / equity | 0.02 | 0.03 | 0.05 | 0.04 | 0.02 | 0.01 | 0.01 |
| Interest cover | 44.15 | 41.41 | 25.92 | 16.82 | 11.70 | 13.73 | 9.18 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.60 | 4.34 | 5.14 | 5.09 | 6.08 | 5.78 | 8.14 |
| Inventory turnover | 9.38 | 7.83 | 10.64 | 16.49 | 20.44 | 13.34 | 17.45 |
| Debtors turnover | 4.32 | 5.76 | 6.46 | 5.20 | 6.50 | 5.37 | 7.83 |
| EPS (₹) | 14.00 | 14.23 | 34.16 | 36.65 | 46.29 | 22.65 | 35.69 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 2.50 | 5.00 | 4.00 | 5.00 |
| Book value per share (₹) | 318.84 | 304.97 | 254.13 | 222.50 | 190.82 | 148.86 | 126.16 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 785 | 1,012 | 771 | 694 | 513 | 655 | 623 | 578 |
| Revenue growth (YoY) | +53.2% | +54.5% | +23.8% | +20.0% | -16.2% | - | - | - |
| Other income | 4.10 | 9.03 | 4.01 | 4.11 | 4.00 | 5.10 | 3.78 | 4.57 |
| Total expenses | 735 | 957 | 719 | 646 | 488 | 625 | 588 | 539 |
| EBITDA | 50.52 | 55.04 | 51.91 | 48.09 | 24.46 | 30.44 | 35.36 | 38.84 |
| EBITDA margin | +6.4% | +5.4% | +6.7% | +6.9% | +4.8% | +4.6% | +5.7% | +6.7% |
| Depreciation | 23.09 | 26.37 | 23.65 | 19.64 | 16.87 | 19.25 | 18.74 | 17.93 |
| Interest | 7.54 | 11.21 | 10.86 | 12.00 | 11.17 | 10.23 | 10.24 | 10.58 |
| Profit before tax | 23.99 | 26.49 | 21.41 | 20.56 | 0.42 | 6.06 | 10.16 | 14.90 |
| Tax | 8.84 | 5.34 | 5.35 | 5.68 | 0.22 | 1.12 | 4.08 | 3.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,989 | 2,468 | 2,462 | 1,927 | 1,749 | 1,241 | 1,499 |
| Revenue growth | +21.1% | +0.2% | +27.8% | +10.2% | +40.9% | -17.2% | - |
| Other income | 21.15 | 17.22 | 24.26 | 27.10 | 21.26 | 16.92 | 24.78 |
| Total expenses | 2,810 | 2,290 | 2,201 | 1,702 | 1,492 | 1,109 | 1,308 |
| Employee cost | 133 | 109 | 104 | 73.05 | 55.53 | 43.95 | 51.12 |
| EBITDA | 180 | 178 | 262 | 225 | 256 | 132 | 191 |
| EBITDA margin | +6.0% | +7.2% | +10.6% | +11.7% | +14.7% | +10.6% | +12.7% |
| Depreciation | 86.54 | 72.65 | 64.87 | 40.01 | 32.05 | 25.64 | 26.69 |
| Interest | 45.24 | 44.22 | 50.82 | 31.96 | 26.40 | 14.69 | 14.64 |
| Profit before tax | 68.87 | 78.42 | 170 | 180 | 219 | 109 | 174 |
| Tax | 16.59 | 21.96 | 46.31 | 47.12 | 56.90 | 27.87 | 45.16 |
| Net profit | 52.99 | 59.57 | 124 | 134 | 162 | 83.11 | 129 |
| Net profit margin | +1.8% | +2.4% | +5.0% | +7.0% | +9.2% | +6.7% | +8.6% |
| EPS (₹) | 13.19 | 14.24 | 34.42 | 36.95 | 45.11 | 22.44 | 35.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 39.64 | 39.64 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 |
| Reserves & surplus | 1,221 | 1,169 | 879 | 764 | 649 | 502 | 421 |
| Shareholders' funds (net worth) | 1,261 | 1,209 | 915 | 800 | 685 | 538 | 457 |
| Secured loans | 228 | 52.18 | 395 | 145 | 99.66 | 80.96 | 74.85 |
| Unsecured loans | 103 | 219 | 60.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 330 | 272 | 455 | 145 | 99.66 | 80.96 | 74.85 |
| Total liabilities | 1,594 | 1,483 | 1,372 | 947 | 786 | 620 | 532 |
| Assets | |||||||
| Gross block | 769 | 599 | 559 | 416 | 345 | 229 | 200 |
| Net block | 413 | 307 | 322 | 240 | 207 | 116 | 108 |
| Capital work in progress | 0.86 | 2.77 | 2.88 | 17.74 | 0.00 | 41.65 | 0.00 |
| Investments | 4.38 | 0.72 | 0.72 | 0.72 | 0.72 | 0.78 | 4.42 |
| Inventories | 344 | 323 | 316 | 152 | 80.65 | 89.21 | 96.83 |
| Sundry debtors | 840 | 528 | 335 | 434 | 312 | 222 | 224 |
| Cash & bank balances | 413 | 208 | 225 | 242 | 195 | 229 | 197 |
| Loans & advances | 674 | 706 | 640 | 446 | 232 | 151 | 174 |
| Total current assets | 2,271 | 1,764 | 1,516 | 1,274 | 819 | 691 | 692 |
| Total current liabilities | 1,378 | 853 | 650 | 809 | 481 | 371 | 427 |
| Net working capital | 893 | 911 | 866 | 464 | 339 | 321 | 265 |
| Total assets | 1,594 | 1,483 | 1,372 | 947 | 786 | 620 | 532 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 79.67 | 111 | 93.85 | 87.59 | 115 | 41.21 | 35.05 |
| Net cash from operating activities | 337 | 54.52 | (227) | 43.09 | 120 | 70.83 | 19.04 |
| Net cash from investing activities | (168) | (106) | (25.20) | (48.37) | (140) | 5.39 | (11.25) |
| Net cash from financing activities | 8.50 | 19.60 | 269 | 11.55 | (7.74) | (2.10) | (1.63) |
| Net change in cash | 178 | (31.47) | 17.29 | 6.26 | (27.75) | 74.12 | 6.16 |
| Closing cash | 413 | 208 | 225 | 242 | 195 | 229 | 197 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.1% | +0.2% | +27.8% | +10.2% | +40.9% | -17.2% | - |
| EBITDA growth | +0.8% | -31.9% | +16.3% | -12.3% | +94.2% | -30.9% | - |
| PBT growth | -12.2% | -53.9% | -5.5% | -17.9% | +101.8% | -37.7% | +25.9% |
| Net income growth | -11.1% | -51.9% | -7.9% | -16.9% | +94.5% | -35.6% | - |
| Revenue CAGR (3Y) | +15.8% | +12.2% | +25.7% | +8.7% | +18.8% | +19.4% | +55.2% |
| EBITDA CAGR (3Y) | -7.3% | -11.5% | +25.6% | +5.6% | +19.9% | +9.3% | +42.6% |
| Profitability & leverage | |||||||
| Net income margin | +1.8% | +2.3% | +5.0% | +6.9% | +9.3% | +6.5% | +8.6% |
| Return on capital employed | +7.4% | +8.6% | +19.1% | +24.5% | +35.0% | +21.4% | +40.7% |
| Return on net worth | +4.2% | +5.3% | +14.5% | +17.9% | +26.6% | +16.2% | +31.2% |
| Debt / equity | 0.24 | 0.34 | 0.35 | 0.16 | 0.15 | 0.16 | 0.12 |
| Long-term debt / equity | 0.02 | 0.03 | 0.05 | 0.04 | 0.02 | 0.01 | 0.01 |
| Interest cover | 48.67 | 41.95 | 25.83 | 17.28 | 11.76 | 13.80 | 8.91 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.37 | 4.26 | 5.05 | 5.06 | 6.09 | 5.78 | 8.14 |
| Inventory turnover | 8.97 | 7.73 | 10.53 | 16.59 | 20.59 | 13.34 | 17.45 |
| Debtors turnover | 4.37 | 5.72 | 6.40 | 5.17 | 6.55 | 5.56 | 8.18 |
| EPS (₹) | 13.19 | 14.24 | 34.42 | 36.95 | 45.11 | 22.44 | 35.91 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 2.50 | 5.00 | 4.00 | 5.00 |
| Book value per share (₹) | 317.98 | 304.91 | 254.06 | 222.17 | 190.20 | 149.44 | 126.98 |
To see the full year-wise statements and ratios of PSP Projects Limited, buy the company report.
Board of directors of PSP Projects Limited
PSP Projects has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prahaladbhai Shivrambhai Patel | Managing Director | 26 Aug 2008 | 18 Years 1 Months | Current |
| Sagar Prahladbhai Patel | Director | 22 Oct 2019 | 7 Years 0 Months | Current |
| Achala Monal Patel Also directs: Map Power LLP, Chopper Worx Construction LLP | Director | 14 Jul 2022 | 4 Years 3 Months | Current |
| Kattunga Srinivasa Rao Also directs: Cemindia Projects Limited, Buildcast Solutions Private Limited, Vizag Mega Data Center Park Limited and 5 more | Director | 05 Aug 2025 | 1 Years 2 Months | Current |
| Girishkumar Singal | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Swati Haresh Mehta Also directs: Ceramig Minerals LLP, Chinmay-Raj Bio-Tech Private Limited | Director | 02 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
PSP Projects Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PSP Projects Limitedthis company | ₹3,148.66 Cr (FY 2026) | ₹56.21 Cr | 1.8% | 25.3% | 9,807 | Ahmedabad, Gujarat, India |
| KMV Projects Limited | ₹3,036.01 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Cowtown Infotech Services Limited | ₹2,460.07 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Urc Construction Private Limited | ₹2,407.85 Cr (FY 2025) | 16.0% | Tamil Nadu, India |
To see the full peer comparison of PSP Projects Limited, buy the company report.
Auditor
PSP Projects Limited is audited by KANTILAL PATEL & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KANTILAL PATEL & CO | FY 2024 | 104744W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 68.80%, foreign institutional investors hold 2.10%, domestic institutional investors hold 2.90% and retail and other public shareholders hold 26.20%.
Sep 2026
QUARTER
68.80% Promoters
2.90% DII (Domestic Institutional)
2.10% FII (Foreign Institutional)
26.20% Retail & Others
Promoter holding - history
Now 68.80% · Sep 2026High 68.80% · Dec 2025Low 68.80% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 68.80% | 68.80% | 68.80% | 68.80% |
| Public | 31.20% | 31.20% | 31.20% | 31.20% |
Charges & borrowings
Open charges
₹1,565.3 Cr
Satisfied charges
₹544.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 2025 | 101096204 | Hdfc Bank Limited | ₹96.6 Lakh | Open | |
| 28 Feb 2025 | 101056492 | Hdfc Bank Limited | ₹2.23 Cr | Open | |
| 30 Dec 2024 | 101025520 | Hdfc Bank Limited | ₹56.07 Lakh | Open | |
| 16 Nov 2024 | 101009323 | Others | ₹2.67 Cr | Open | |
| 07 Aug 2024 | 100968683 | Others | ₹1.67 Cr | Open |
To see the full charge records of PSP Projects Limited, buy the company report.
Total charge records: 72 View all charges
Deals & funding
PSP Projects Limited has 19 deals on record (16 market trades, 1 qip, 1 acquisition); the latest was in October 2025.
Total deals
19
Market trades
16
QIP
1
Acquisition
1
IPO
1
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹24.92 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Oct 2025 | Market trade | ₹74.95 Cr | Buyer: NK Securities Research Private Limited , Graviton Research Capital LLP , Irage Broking Services LLP Seller: NK Securities Research Private Limited , Graviton Research Capital LLP , Irage Broking Services LLP |
| Aug 2025 | Market trade | ₹582.41 Cr | Buyer: Adani Infra (India) Limited Seller: an individual |
| Aug 2025 | Market trade | ₹59.39 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP , an individual |
| Nov 2024 | Acquisition | Undisclosed | Buyer: Adani Infra (India) Limited |
To see the full deal history of PSP Projects Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
PSP Projects Limited has 80 court cases on record: 16 filed by PSP Projects, 64 filed against it. 7 cases are pending and 73 are disposed.
Total cases
80
Filed by the company
16
Filed against the company
64
Pending
7
Disposed
73
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 63 | 57 | 7 |
| High courts | 17 | 7 | 0 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against St. Laurn Hotels Ltd) and 1 other | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by SDB Diamond Bourse | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against SDB Diamond Bourse | Disposed |
| High Court, GUJARAT | Court case (IAAP) | Filed by the company against St.Laurn Hotels Ltd Thro. Laxman Karia | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed against the company by Bhiwandi Nizampura City Municipal Corporation Dist. Thane | Pending |
To see the full case history of PSP Projects Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
PSP Projects Limited was last rated by Care on 04 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Oct 2021 |
To see the full credit ratings and regulatory alerts of PSP Projects Limited, buy the company report.
MSME payment delays
PSP Projects Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 13 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Varnitech Solution Private Limited | |||
| Tecimequip Engineering | |||
| an individual supplier | |||
| Kich Architectural Products Private Limited | |||
| JRDH Infra LLP |
To see the full MSME payment records of PSP Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
PSP Projects has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| PSP Projects & Proactive Constructions Private Limited | U45203GJ2016PTC085649 | |
| PSP Foundation | U85300GJ2021NPL120687 |
To see the full group structure of PSP Projects Limited, buy the company report.
Employees & EPFO
PSP Projects Limited has a workforce of 9,807 employees on its EPFO records as of Jan 04, 2026, across 1 active EPFO establishment.
Employee count
9,807
Active EPFO establishments
1
Employee growth
-11.61%
GST
PSP Projects has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECP7961L1ZY | Gujarat | Active | 01 Jul 2017 |
| 24AAECP7961L2ZX | Gujarat | Active | 17 Jul 2017 |
| 08AAECP7961L1ZS | Rajasthan | Active | 01 Jul 2017 |
| 29AAECP7961L1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of PSP Projects Limited, buy the company report.
Recent activity
PSP Projects Limited has 18 board changes on record since 2008: 12 appointments and 6 cessations. The latest: Pooja Prahladbhai Patel was appointed as CEO on 03 Sep 2025.
Charges
A charge registered on 08 Nov 2024 via Charge ID 101003108 with Hdfc Bank Limited was fully satisfied on 07 Sep 2026.
Charges
A charge registered on 05 Sep 2022 via Charge ID 100615505 with Hdfc Bank Limited was fully satisfied on 07 Sep 2026.
AGM
Psp Projects Limited last Annual general meeting of members was held on 27 Jun 2026 as per latest MCA records.
Filing
Psp Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 22 Feb 2022 via Charge ID 100545108 with Hdfc Bank Limited was fully satisfied on 19 Mar 2026.
Charges
A charge registered on 29 Jan 2022 via Charge ID 100531045 with Hdfc Bank Limited was fully satisfied on 19 Mar 2026.
Charges
A charge registered on 29 Jan 2022 via Charge ID 100531107 with Hdfc Bank Limited was fully satisfied on 19 Mar 2026.
Charges
A charge registered on 01 Mar 2021 via Charge ID 100427858 with Others was fully satisfied on 19 Mar 2026.
Charges
A charge registered on 01 Mar 2021 via Charge ID 100427862 with Others was fully satisfied on 19 Mar 2026.
Charges
A charge registered on 29 Dec 2022 via Charge ID 100664303 with Others was fully satisfied on 27 Jan 2026.
Charges
A charge registered on 15 Jan 2022 via Charge ID 100533458 with Hdfc Bank Limited was fully satisfied on 20 Dec 2025.
Appointed
Pooja Prahladbhai Patel was appointed as CEO.
145 earlier events are in the company report.
News
Frequently asked questions
PSP Projects is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 26 August 2008 (18+ years old) and is registered under CIN L45201GJ2008PLC054868. Listed on BSE: 540544 and NSE: PSPPROJECT.
PSP Projects reported revenue of ₹3,148.66 Cr for FY 2025-26 (up 25.3% YoY) based on consolidated financials.
PSP Projects has 6 current directors:
- Prahaladbhai Shivrambhai Patel - Managing Director
- Sagar Prahladbhai Patel - Director
- Achala Monal Patel - Director
- Kattunga Srinivasa Rao - Director
- Girishkumar Singal - Director
- Swati Haresh Mehta - Director
The latest financial statements of PSP Projects on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of PSP Projects is 24AAECP7961L1ZY, registered in Gujarat. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 24AAECP7961L2ZX (Gujarat), 08AAECP7961L1ZS (Rajasthan), 29AAECP7961L1ZO (Karnataka).
The CIN (Corporate Identification Number) of PSP Projects is L45201GJ2008PLC054868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. PSP Projects is a listed company as per MCA records. Its shares are listed on both BSE (code: 540544) and NSE (symbol: PSPPROJECT).
PSP Projects has 80 court cases on record: 16 filed by the company and 64 filed against it. 7 are pending. Most are in the district courts.
PSP Projects was incorporated on 26 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
PSP Projects has 19 deals on record (16 market trades, 1 qip, 1 acquisition); the latest was in October 2025.
The peers of PSP Projects by revenue are KMV Projects Limited, Cowtown Infotech Services Limited, Urc Construction Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
Pooja Prahladbhai Patel was appointed as CEO on 03 Sep 2025. Girishkumar Singal was appointed as Director on 01 Sep 2025. Kattunga Srinivasa Rao was appointed as Director on 05 Aug 2025. PSP Projects has 18 board changes on record in total.