Puravankara Limited
Puravankara Limited was incorporated in 1986 as Puravankara Constructions Private Limited in Mumbai. The company was renamed Puravankara Projects Limited and was converted into a public limited company in 1992. Subsequently, it was listed on the Bomb...
Key Metrics
EPS
1.78
Current ratio
1.12
Debt/Equity
4.90
Debt/EBITDA
17.46
Interest coverage ratio
1.16
Operating Cashflow to total debt
0.10
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Healthy pre-sales and collections in 9M FY2024; growth expected to be sustained in FY2025
Established position and brand name
Liquidity position: Adequate
Cons
Exposure to execution and market risk given the large expansion plans; high debt to NWC
Vulnerability to cyclicality in real estate sector –
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About Puravankara Limited bond.
This comprehensive profile covers key factual information about Puravankara Limited. Puravankara Limited was incorporated in 1986 as Puravankara Constructions Private Limited in Mumbai. The company was renamed Puravankara Projects Limited and was converted into a public limited company in 1992. Subsequently, it was listed on the Bombay Stock Exchange and the National Stock Exchange in August 2007. Puravankara Projects Limited was renamed as Puravankara Limited on December 21, 2016. PL is promoted by Mr. Ravi Puravankara (Chairman), who holds 75% of equity shares in the company. Apart from Provident Housing Limited (Provident or PHL), PL has various other joint ventures/subsidiaries, including a wholly-owned construction company (Starworth Infrastructure and Construction Limited). The Puravankara Group is involved in real estate development with residential assets comprising most of its portfolio. It is present in the premium as well as affordable housing segments under the brands, Purva and Provident, respectively. The Group has major operations in Bengaluru with considerable presence in other cities such as Chennai, Kochi, Hyderabad, and Pune. As on September 30, 2023, the Group had developed a saleable area of 46 msf. It is currently developing projects with a saleable area of 29.17 msf (Group’s economic interest) and has land assets for an estimated saleable area of 32.62 msf (Group’s economic interest). Bangalore accounts for around 67% of the total land bank EPS in Mar-2024 was 1.78. Current ratio in Mar-2024 was 1.12. Debt/Equity in Mar-2024 was 4.90. Debt/EBITDA in Mar-2024 was 17.46. Interest coverage ratio in Mar-2024 was 1.16. Operating Cashflow to total debt in Mar-2024 was 0.10. Total revenue for March-2024 was ₹2,260.10. Net income for March-2024 stood at ₹42.26. Total assets as of Mar-2024 were ₹11,726.71. Operating cash flow for Mar-2024 was ₹896.39. The company’s borrowing relationships include ICICI Bank (₹N/A Cr). Peers and comparison entities consist of Puravankara Limited, DLF Limited, Macrotech Developers Limited, Oberoi Realty Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Healthy pre-sales and collections in 9M FY2024; growth expected to be sustained in FY2025; Established position and brand name; Liquidity position: Adequate. Key risks include: Exposure to execution and market risk given the large expansion plans; high debt to NWC; Vulnerability to cyclicality in real estate sector –. Leadership team details include Abhishek Kapoor (Executive Director), Anup Shah Sanmukh (Independent Director), Ashish Ravi Puravankara (Managing Director), K G Krishnamurthy (Independent Director), Ravi Puravankara (Chairman), Shailaja Jha (Independent Director), Sudip Chatterjee (Group CEO). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.