ftInvstr
PSPPROJECT · Industrials ₹884.0 +2.55% Mkt Cap ₹3513 Cr overvalued

PSPPROJECT

Industrials Engineering & Construction
₹884.0
+2.55% today · 30d -8.01%
as of 2026-09-04
Price · Daily Candles
“PSP Projects' Net Profit Surges 226% YoY in Q4, but FIIs Pare Holdings”
PSP Projects (mktcap ₹3314 Cr) reported a significant quarterly performance, with Q4 net profit soaring 226.36% YoY to ₹21 Cr and revenue climbing 65.74% YoY to ₹1115 Cr. Despite this, its TTM PE of 80.78 is significantly higher than the sector average, and ML models flag a weak outlook for Free Cash Flow (FCF) growth.
BULL CASE
+Q4 2026 saw a dramatic 226.36% YoY increase in net profit to ₹21 Cr, alongside a 65.74% YoY revenue surge to ₹1115 Cr.
+Operating profit for Q4 2026 grew by 73.37% YoY to ₹65 Cr, with OPM improving by 0.27% YoY.
+The stock has delivered strong recent returns, with 1-month returns of 14.4% and 1-year returns of 25.7%.
+RSI(14) signals a bullish trend with a value of 64.13, suggesting positive momentum.
BEAR CASE
Annual net profit for FY26 saw a marginal decline of -1.6% YoY to ₹56 Cr, despite a 25.34% YoY revenue growth.
The TTM PE of 80.78 is substantially higher than many peers, such as KPIL at 21.3 and LT at 34.54.
FIIs reduced their stake by 0.57% QoQ in Q4 2026, bringing their total holding to 1.92%.
ML predictions indicate a weak outlook for Free Cash Flow growth, with stable 7-year FCF rank at 0.0.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹853 Cr
+64.84% YoY
NET PROFIT
₹18 Cr
+4232.24% YoY
OPM
6.86%
+1.34pp YoY
EPS
₹4.63
PE 80.78
Intrinsic value · DCF ₹321.21 · Margin of safety -63.7% (overvalued) · FCF yield 3.7%
◇ Sector Position
PSP Projects trades at a TTM PE of 80.78, significantly above sector peers like LT (34.54) and KPIL (21.3), despite a lower ROCE of 8.0% compared to LT (21.24%) and NBCC (27.04%).
PEERPEROCE %
PSPPROJECT80.788.0
LT34.5421.24
RVNL14.97
NBCC47.6727.04
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒

9 ML-predicted forward-growth ranks across sales, EBIT, and FCF.

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48
SCORE / 100
Overall
6-axis composite of the sections below.
Performance STRONG 90
Valuation STRETCHED 20
Growth STEADY 57
Profitability AVERAGE 45
Technicals WEAK 45
Risk ELEVATED 30
Key Stats
TTM PE
80.78
P/B
2.65
52W HIGH
₹1143.0
OFF HIGH
-22.66%
MKT CAP
₹3513 Cr
◉ Active Signals
MACDBearish-1.8747
RSI(14)Neutral40.54
Street Consensus
9 analysts
₹766.67
mean target
Low ₹540.0Now ₹884.0High ₹956.0
⧉ Strategy Fit 🔒

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