Puravankara Ltd
PURVA NSE
Puravankara Ltd
RealtyNSE: PURVA BSE: 532891 Residential Commercial Projects
Key Fundamentals
MicrocapResidential Commercial ProjectsRealtyMarket Cap
₹5,281 Cr
Volatility
Moderate
P/E Ratio
33.14
EBITDA
₹691 Cr
Return on Equity
-10.54%
Debt to Equity
3.13
Book Value
₹75.38
52W High
₹305
52W Low
₹160.69
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Puravankara Ltd insights
55 extracted metrics + investor summaries across FY12–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
3- Stock is trading at 3.01 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -1.37% over last 3 years.
Growth Rate
Revenue Growth
78.67% ↗
Net Income Growth
-110.10% ↘
Cash Flow Change
-159.21% ↘
ROE
-574.77% ↘
ROCE
-10.34% ↗
EBITDA Margin (Avg.)
1.47% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk high
Puravankara Ltd has a market cap of ₹5,290 crore and trades at a PE of 92.3x with TTM sales growth of 86% and profit growth of 135%. However, its 3-year average ROE is negative at -1.37% and interest coverage remains low, presenting a mixed picture of strong recent momentum against a weak historical return profile.
Bull Case 8
- TTM revenue growth of 86% indicates a sharp acceleration in project completions and new bookings
- TTM profit growth of 135% shows significant operating leverage kicking in as revenues scale
- 3-year compounded sales CAGR of 45% demonstrates sustained top-line momentum, not a one-off spike
- 5-year compounded profit CAGR of 78% reflects a structural turnaround from earlier losses
- Last year ROE improved to 4% versus -1% over 3 years, suggesting profitability trajectory is turning positive
- Dividend yield of 2.84% is notable for a real estate company and provides some income cushion
- Stock 3-year CAGR of 29% reflects market recognition of improving fundamentals over medium term
- Company is expected to deliver a good upcoming quarter based on sector commentary and pre-sales trends
Bear Case 8
- PE ratio of 92.3x is extremely elevated relative to sector peers, leaving little room for execution misses
- 3-year average ROE of -1.37% indicates the company has historically destroyed shareholder value
- Low interest coverage ratio signals debt servicing pressure that could constrain growth reinvestment
- Stock has declined 22% over the past 1 year despite strong earnings growth, indicating market skepticism on sustainability
- Price-to-book of 2.93x is rich for a company with sub-4% ROE, implying the market is pricing in significant future improvement
- 10-year compounded profit CAGR of -2% reveals a decade of inconsistent earnings delivery
- 10-year ROE average of only 3% shows structurally low capital efficiency across real estate cycles
- 5-year stock CAGR of 18% versus 5-year sales CAGR of 31% suggests market has not fully rewarded revenue growth with valuation expansion
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 42d ago Positives 5
- 9.73-acre North Bengaluru land buy Jun 17
Acquired 9.73-acre parcel in Devanahalli growth corridor with 0.89 mn sq ft development potential and ₹800 crore GDV. Stock rose 2.10% to ₹219.25 on the news.
- Sarjapur JDA with ₹1,000 Cr GDV Jun 29
Signed JDA for 6.4-acre land in Sarjapur, Bengaluru with potential gross development value of ₹1,000 crore.
- Strong Q4 FY26 earnings turnaround Jun 17
Reported net profit of ₹113.24 crore in Q4 March 2026 vs net loss of ₹85.82 crore YoY. Net sales surged 177.33% YoY to ₹1,501.92 crore.
- Purva Ruby stake sold for ₹145 Cr Jul 06
Completed sale of 100% stake in Purva Ruby Properties (negative net worth subsidiary contributing just 1.06% to turnover) to ICICI Prudential AMC-managed AIF for ₹145 crore.
- RERA approval for Miami By Purva Jun 20
Secured RERA registration for residential project 'Miami By Purva' in Mumbai effective June 18, 2026, enabling project launch.
Neutral 3
- Trading window closed for Q1 results Jun 23
Trading window shut from July 1, 2026 until 48 hours after Q1FY27 results are declared. Designated persons cannot trade during this period.
- Investor conference participation Jun 23
Puravankara to attend Valorem Advisors India Online Investor Conference on July 3, 2026 from 4:00-5:00 PM IST.
- Zero promoter share encumbrance Jun 15
Promoter group reported no share encumbrances in FY26, disclosed to BSE and NSE on April 8, 2026.
TL;DR: Puravankara is executing an aggressive land-banking strategy in Bengaluru with ₹1,800 crore in combined GDV added through two recent deals, while Q4 FY26 showed a sharp earnings turnaround with profits replacing losses and revenue nearly tripling YoY. The subsidiary divestiture and zero promoter encumbrance signal balance sheet discipline. No material headwinds are visible in recent news; the key forward risk is execution on a rapidly expanding pipeline across multiple cities.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 323 | 368 | 574 | 920 | 658 | 496 | 318 | 542 | 524 | 644 | 1,069 | 1,502 | 849 |
| Expenses | 260 | 283 | 378 | 808 | 528 | 384 | 302 | 511 | 458 | 540 | 850 | 1,201 | 660 |
| Operating Profit | 63 | 85 | 196 | 112 | 130 | 112 | 16 | 30 | 67 | 104 | 219 | 301 | 189 |
| OPM % | 19% | 23% | 34% | 12% | 20% | 23% | 5% | 6% | 13% | 16% | 20% | 20% | 22% |
| Other Income | 13 | 13 | 22 | 27 | 18 | 32 | 17 | 22 | 14 | 19 | 35 | 39 | 28 |
| Interest | 98 | 105 | 105 | 127 | 119 | 141 | 143 | 152 | 161 | 169 | 165 | 184 | 179 |
| Depreciation | 5 | 6 | 7 | 10 | 7 | 8 | 8 | 11 | 10 | 11 | 11 | 11 | 12 |
| PBT | -28 | -13 | 106 | 3 | 22 | -5 | -118 | -111 | -90 | -57 | 79 | 145 | 26 |
| Tax % | -36% | -13% | 27% | 352% | 31% | 257% | -22% | -21% | -24% | -24% | 26% | 24% | 3% |
| Net Profit | -18 | -11 | 78 | -7 | 15 | -17 | -93 | -88 | -69 | -43 | 58 | 110 | 25 |
| EPS in Rs | -0.75 | -0.47 | 3.29 | -0.28 | 0.64 | -0.71 | -3.9 | -3.62 | -2.85 | -1.76 | 2.53 | 4.78 | 1.22 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,672 | 1,584 | 1,407 | 1,415 | 2,050 | 2,128 | 963 | 955 | 1,236 | 2,185 | 2,014 | 3,740 | 4,064 |
| Expenses | 1,287 | 1,244 | 998 | 1,110 | 1,612 | 1,681 | 681 | 746 | 1,006 | 1,730 | 1,723 | 3,049 | 3,251 |
| Operating Profit | 386 | 340 | 409 | 305 | 439 | 447 | 282 | 208 | 230 | 456 | 291 | 691 | 813 |
| OPM % | 23% | 21% | 29% | 22% | 21% | 21% | 29% | 22% | 19% | 21% | 14% | 18% | 20% |
| Other Income | 18 | 47 | 68 | 90 | 76 | 59 | 93 | 427 | 203 | 75 | 86 | 107 | 121 |
| Interest | 233 | 243 | 290 | 251 | 328 | 343 | 357 | 332 | 360 | 434 | 555 | 679 | 697 |
| Depreciation | 15 | 16 | 16 | 15 | 15 | 23 | 20 | 18 | 17 | 28 | 35 | 42 | 44 |
| PBT | 156 | 128 | 171 | 129 | 172 | 140 | -2 | 286 | 55 | 68 | -212 | 77 | 193 |
| Tax % | 15% | 34% | 25% | 29% | 33% | 37% | 82% | 48% | -20% | 38% | -14% | 26% | — |
| Net Profit | 133 | 83 | 129 | 91 | 114 | 88 | -4 | 148 | 67 | 42 | -183 | 57 | 151 |
| EPS in Rs | 5.6 | 3.49 | 5.44 | 3.85 | 4.82 | 3.73 | -0.17 | 6.22 | 2.8 | 1.78 | -7.59 | 2.69 | 6.77 |
| Div. Payout % | 28% | 22% | 41% | 42% | 21% | 0% | 0% | 80% | 36% | 354% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 |
| Reserves | 2,142 | 2,165 | 2,248 | 2,275 | 1,738 | 1,795 | 1,777 | 1,923 | 1,868 | 1,765 | 1,612 | 1,669 |
| Borrowings | 1,793 | 2,172 | 2,067 | 2,379 | 2,895 | 2,670 | 2,835 | 2,627 | 2,944 | 3,325 | 4,332 | 5,595 |
| Other Liabilities | 1,109 | 1,090 | 1,814 | 2,011 | 3,973 | 3,487 | 3,697 | 3,955 | 5,125 | 6,518 | 8,169 | 9,876 |
| Total Liabilities | 5,163 | 5,546 | 6,247 | 6,783 | 8,725 | 8,071 | 8,429 | 8,623 | 10,055 | 11,727 | 14,232 | 17,258 |
| Fixed Assets | 112 | 88 | 114 | 125 | 128 | 122 | 111 | 96 | 107 | 163 | 232 | 1,102 |
| CWIP | 12 | 0 | 0 | 36 | 42 | 9 | 0 | 3 | 1 | 2 | 0 | 1 |
| Investments | 69 | 525 | 116 | 131 | 130 | 132 | 138 | 82 | 104 | 36 | 40 | 32 |
| Other Assets | 4,970 | 4,932 | 6,017 | 6,491 | 8,424 | 7,807 | 8,179 | 8,442 | 9,844 | 11,526 | 13,960 | 16,124 |
| Total Assets | 5,163 | 5,546 | 6,247 | 6,783 | 8,725 | 8,071 | 8,429 | 8,623 | 10,055 | 11,727 | 14,232 | 17,258 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 330 | 14 | -277 | -29 | -131 | 578 | 244 | 134 | 145 | 896 | -531 | 345 |
| Investing | -79 | -16 | 521 | 56 | 5 | -23 | 24 | 525 | 95 | 13 | -74 | -261 |
| Financing | -204 | 73 | -432 | 12 | 160 | -579 | -213 | -529 | -141 | -313 | 354 | 506 |
| Net Cash Flow | 46 | 71 | -188 | 39 | 34 | -24 | 55 | 131 | 99 | 597 | -251 | 590 |
| Free Cash Flow | 295 | 6 | -276 | -31 | -157 | 560 | 240 | 145 | 138 | 842 | -572 | 287 |
| CFO/OP | 101 | 15 | -55 | 5 | -23 | 132 | 73 | 88 | 88 | 212 | -171 | 58 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 78 | 100 | 71 | 45 | 51 | 116 | 93 | 157 | 83 | 84 | 77 |
| Inventory Days | 1,328 | 1,718 | — | 6,990 | 3,052 | 2,438 | — | — | — | — | — | — |
| Days Payable | 145 | 155 | — | 658 | 211 | 216 | — | — | — | — | — | — |
| Cash Conversion Cycle | 1,279 | 1,641 | 100 | 6,403 | 2,886 | 2,273 | 116 | 93 | 157 | 83 | 84 | 77 |
| Working Capital Days | 372 | 536 | 502 | 410 | 180 | 153 | 488 | 580 | 322 | 32 | -27 | -160 |
| ROCE % | 9% | 9% | 10% | 8% | 10% | 10% | 8% | 13% | 7% | 10% | 6% | 11% |
Documents
1
Intimation On Receipt Of Favourable Appellate Orders From The Commissioner Of Income Tax (Appeals)
4 May - CIT(A) allowed Section 80-IB deductions for AYs 2010-11, 2013-14 and 2014-15, reducing tax by Rs. 27.75 crore. 4 May - CIT(A) allowed Section 80-IB deductions for AYs 2010-11, 2013-14 and 2014-15, reducing tax by Rs. 27.75 crore.
2
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
29 Apr - Starworth Infrastructure received LoI for ₹144.45 crore residential project works at Nature’s Nest, Bangalore, over 28 months. 29 Apr - Starworth Infrastructure received LoI for ₹144.45 crore residential project works at Nature’s Nest, Bangalore, over 28 months.
3
Intimation On Receipt Of Favourable Appellate Orders From The Commissioner Of Income Tax (Appeals)
4 May - CIT(A) allowed Section 80-IB deductions for AYs 2010-11, 2013-14 and 2014-15, reducing tax by Rs. 27.75 crore. 4 May - CIT(A) allowed Section 80-IB deductions for AYs 2010-11, 2013-14 and 2014-15, reducing tax by Rs. 27.75 crore.
4
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
29 Apr - Starworth Infrastructure received LoI for ₹144.45 crore residential project works at Nature’s Nest, Bangalore, over 28 months. 29 Apr - Starworth Infrastructure received LoI for ₹144.45 crore residential project works at Nature’s Nest, Bangalore, over 28 months.
5
Intimation Of Corporate Guarantee Given On Behalf Of Purvaland Private Limited, Wholly Owned Subsidiary Of The Company
14 Apr - Puravankara provided Rs196 crore corporate guarantee for Purvaland Private Limited's NCD issuance. 14 Apr - Puravankara provided Rs196 crore corporate guarantee for Purvaland Private Limited's NCD issuance.
Frequently Asked Questions about Puravankara Ltd
What does Puravankara Ltd do?
Company is in the business of development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa.
Company has completed 43 million square feet covering 74 projects.
[1]
Where is Puravankara Ltd (PURVA) listed?
Puravankara Ltd is listed on the Indian stock exchanges. It is listed on NSE: PURVA and BSE: 532891. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Puravankara Ltd belong to?
Puravankara Ltd operates in the Realty sector within the Residential Commercial Projects industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Puravankara Ltd?
Puravankara Ltd has a market capitalisation of approximately ₹5281.32 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Puravankara Ltd?
The Price-to-Earnings (PE) ratio of Puravankara Ltd is 33.14. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Puravankara Ltd?
Over the past 52 weeks, Puravankara Ltd has traded between a low of ₹160.69 and a high of ₹305. This range helps investors understand the stock's price volatility and recent trading levels.
Does Puravankara Ltd pay dividends?
Yes, Puravankara Ltd has a dividend yield of 2.78%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Puravankara Ltd?
Puravankara Ltd has a Return on Equity (ROE) of -10.54%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Puravankara Ltd on Tapetide?
On Tapetide, you can view Puravankara Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Company is in the business of development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa. Company has completed 43 million square feet covering 74 projects. [1]
Website puravankara.com
CEO Mr. Ravi Puravankara
Employees 919
Listed 2007-08-30
Face Value ₹ 5
Issued Size 23,71,49,686