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Employees: 16,791
Size PSP Projects (PSPPROJECT.NS) is an India Industrials company (Engineering & Construction) with a market value of $333M, the 1008th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹792.50 on 6 Nov 2026.
Performance Over six months the shares fell 6.9%, against -14.0% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 44.8% over the last twelve months (peer median +0.6%); the operating margin is 3.6% (peer median 6.7%).
Valuation It trades at 20.9× forward earnings against a peer median of 11.6× (3rd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.8 points below its cost of capital (15.3% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹34.8B | ₹31.5B | ₹25.1B | ₹25.1B | ₹19.4B |
| Revenue growth | — | +25% | 0% | +29% | — |
| Gross profit | ₹2.15B | ₹1.97B | ₹1.49B | ₹2.38B | ₹2.14B |
| EBITDA | ₹2.19B | ₹1.94B | ₹1.87B | ₹2.65B | ₹2.34B |
| Net income | ₹734M | ₹555M | ₹564M | ₹1.23B | ₹1.32B |
| Free cash flow | n/a | ₹1.14B | -₹330M | -₹3.74B | -₹263M |
| Capital expenditure | n/a | ₹1.93B | ₹680M | ₹1.42B | ₹797M |
| Total debt | n/a | ₹3.30B | ₹2.72B | ₹4.55B | ₹1.45B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PSPPROJECT.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.5% | -9.6% | 2nd highest of 20 |
| 6-month return | -6.9% | -14.0% | 8th highest of 20 |
| Distance from 52-week high | -30.7% | -32.2% | 9th highest of 20 |
| Revenue growth (TTM) | +44.8% | +0.6% | 2nd highest of 21 |
| Operating margin | 3.6% | 6.7% | 5th lowest of 21 |
| Forward P/E | 20.9× | 11.6× | 3rd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 29.2% | -1.2% | most demanding of 13 |
| Growth delivered (Del g) | +20.5% | +9.6% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | +8.7 pp | -16.9 pp | 2nd most demanding of 13 |
| ROIC minus cost of capital | -7.8 pp | +0.7 pp | 3rd lowest of 20 |
| EV / EBITDA | 14.3× | 7.6× | most expensive of 12 |
| Net debt / EBITDA | -0.4× | -0.3× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PSP Projects PSPPROJECT.NS | India | $333M | -7% | +45% | 4% | 20.9× | 29.2% | +20.5% |
| J. Kumar Infraprojects JKIL.NS | India | $331M | -20% | -2% | 11% | 7.1× | -2.1% | +17.4% |
| Capital CAPD.L | United Kingdom | $329M | -4% | +16% | 15% | 9.8× | -4.9% | +20.0% |
| Bondada Engineering BONDADA.NS | India | $327M | n/a | +202% | 11% | n/a | 20.0% | +58.2% |
| KNR Constructions KNRCON.NS | India | $327M | -19% | -38% | 25% | 22.2× | n/a | n/a |
| Hunan Investment 000548.SZ | China | $326M | -18% | -19% | 19% | n/a | n/a | n/a |
| Tokyo Energy & Systems 1945.T | Japan | $326M | -10% | +29% | 6% | 10.4× | 3.0% | +6.9% |
| Huitong Construction 603176.SS | China | $340M | -14% | -24% | 5% | n/a | n/a | n/a |
| Duratec DUR.AX | Australia | $341M | -28% | 0% | 5% | 14.5× | 4.6% | +19.3% |
| ARTS 603017.SS | China | $345M | -46% | -10% | 9% | n/a | -0.2% | -8.5% |
| ADF DRX.TO | Canada | $346M | +62% | +30% | 14% | 12.8× | -15.6% | +8.4% |
| Ohmoto Gumi 1793.T | Japan | $320M | +15% | +36% | 4% | n/a | n/a | n/a |
| Mirbud MRB.WA | Poland | $319M | +10% | +6% | 4% | 10.3× | n/a | n/a |
| Suzhou Institute of Building Science 603183.SS | China | $347M | -3% | -6% | 7% | 21.1× | 10.1% | +0.2% |
| C and D Holsin Engineering Consulting 603909.SS | China | $348M | -27% | +23% | 2% | 18.8× | n/a | n/a |
| Seikitokyu Kogyo 1898.T | Japan | $318M | -4% | -5% | 7% | n/a | -15.2% | +1.1% |
| Trakcja TRK.WA | Poland | $350M | -23% | -2% | 7% | n/a | -6.6% | +10.9% |
| Shanghai Trendzone 603030.SS | China | $350M | -33% | +28% | -18% | n/a | n/a | n/a |
| Guangdong Liantai Environmental Protection 603797.SS | China | $351M | -17% | +2% | 37% | n/a | 3.5% | +11.3% |
| Shenzhen Magic Design & Decoration Engineering 002856.SZ | China | $352M | +26% | -25% | -47% | n/a | n/a | n/a |
| Torpol TOR.WA | Poland | $353M | -12% | +16% | 5% | 8.6× | -13.0% | +7.3% |