PSP Projects Emerges as Lowest Bidder for INR 444.63 Crore Dairy Plant Project in Gujarat
Explore the journey of PSP Projects Ltd, a rising star in the real estate and construction sector. Learn about its big orders in 2024, Sunil Singhania's investment, and its robust financial health
PSP Projects Ltd, a prominent player in the real estate and construction sector, has been making waves with its impressive performance in 2024. The company, which was established on 26 August 2008 in Ahmedabad, Gujarat, has been steadily expanding its portfolio, which includes Industrial Development, Government Residential Projects, and Private Residential Projects. The company's commitment to quality is reflected in its ISO 9001:2008 certification.
Financial Health and Promoters' Holding
The company's financial health appears robust, with a total market cap of Rs 2,784.24 crore and a manageable debt of Rs 144.98 crore. The promoters' holding stands strong at 66.22%, leaving the company with free cash of Rs 242.29 crore. The dividend yield of the company is 0.33%, and the company has recorded a sales growth of 10%.
Big Orders in 2024
2024 has been a significant year for PSP Projects Ltd. The company received a construction order of Rs 630 crore from Gati Shakti University in Vadodara, Gujarat on 17 January 2024. This was closely followed by another order of Rs 158 crore from the Gujarat Government on 28 December 2023.
Sunil Singhania's Investment
Adding to the company's credibility is the investment by Sunil Singhania, a superinvestor in the stock market with a total net worth of Rs 2,808 crore. Singhania bought a 1.51% stake in PSP Projects Ltd in December 2022, which is currently valued at Rs 40.56 crore.
A Whopping Rs 445 Crore Order from Gujarat
The latest feather in PSP Projects Ltd's cap is an order worth Rs 445 crore from the National Dairy Development Board. This order, which is for dairy plant development, has been received from Rajkot, Gujarat, further cementing the company's reputation as a reliable partner in the construction sector.
Conclusion
With its strong financials, impressive order book, and the backing of a superinvestor like Sunil Singhania, PSP Projects Ltd is certainly a company to watch in the coming years. Its recent successes and the inclusion of its stock in Sunil Singhania's portfolio underscore its potential for growth and profitability.
Disclaimer
This blog post is for informational purposes only and should not be considered as investment advice. Always do your own research or consult with a professional before making any investment decisions.
Keywords : PSP Projects Ltd, Real Estate, Construction, Sunil Singhania, Stock Market, Investment, Gujarat, 2024, Big Orders, Financial Health, Promoters Holding, National Dairy Development Board, Dairy Plant Development