Global construction industry – The market size of global construction industry was valued at USD 15,192.71 billion in 2023 and is forecasted to increase to USD 15,971.45 billion in 2024 with an increase of 5.1% CAGR. Moreover, the market is forecasted to witness huge increment by reaching USD 19,856.65 billion by 2028 with a CAGR of 5.6%. This projected increment in global construction sector is projected to bring robust growth in main markets such as Brazil, China, Saudi Arabia, India, and Indonesia, where massive construction work is undertaken. This increment in construction is building huge requirement for construction services and materials, thereby increasing overall market. It is projected that worldwide construction output will rise by 2% in 2024, and by 1.8% in 2025. Due to rising economic conditions, residential construction output is projected to bounce back by 2.4% in 2025.
Indian construction industry – The market size of Indian construction sector was valued at USD 778 billion in 2023 and is projected to increase at a CAGR of 6% from 2024 to 2033. This massive growth is possible due to government’s importance on building infrastructure, rise in foreign investments, increase in urbanisation and rapid expansion within the sector. The budget of 2024 supports by allocating nearly Rs 11.1 trillion, particularly for infrastructure, due to which India became third third-largest construction market globally after China and US by 2025. The construction sector is rapidly growing industries by making contribution of 9% to nation’s GDP. It is mainly separated into two main divisions: Real estate and urban development. The real estate division includes diverse projects such as office, retail, hotel, leisure parks, whereas urban development segment includes sub-sectors such as sanitation, schools, healthcare facilities, and water supply.
Residential construction industry – The market size of Indian residential construction is forecasted to increase from USD 180.80 billion in 2024 to USD 272.67 billion by 2029 at a CAGR of 7.51% from 2024 to 2029. The production of cement in India is projected to rise by 12% annually which has led to demand for rural housing and government infrastructure projects such as PM Gatishakti. The purpose of this industry is to increase its production capacity of cement by 80 million tonnes by 2025. Since 2014, the government has given priority on building infrastructure growth by boosting economic development of India. The highlight on affordable housing through PM Awas Yojana has increased construction activities which has resulted in 37 million rural houses constructed till date.
Commercial construction industry – The market size of commercial construction sector in India is forecasted to increase at CAGR of more than 11.5% from 2024 to 2029. As per data provided by Federation of Indian Chamber of Commerce and Industry (FICCI), the market size of India’s retail is projected to increase at a CAGR of 10% by reaching USD 1.6 trillion by 2026. The retail market contributes 10% of India’s GDP and employs 8% of workforce. In this article, you will learn interesting information about PSP Projects Ltd Share Price target, market cap, ROCE, ROE, revenue, net profit, employees, industry, established, and promoter.
PSP Projects Ltd – Key Points
Name of promoter
Mr. Prahladbhai Patel
Industry
EPC (Engineering, Procurement, and Construction) services and Infrastructure
Headquarters
Ahmedabad, Gujarat
Established
2008
Employees
1,969
Projects completed
222
Projects ongoing
56
PSP Projects Ltd – Statistics
Market cap
Rs 2,525 crores
ROCE
19.1%
ROE
14.4%
Order book
Rs 6,049 crore
Biggest order received
Rs 630.90
Stock PE
37.8
Largest office building built by PSP projects
6.8 million sq.ft.
About PSP Projects Ltd
PSP Projects Ltd ommenced its operations in 2008 with its headoffice located in Ahmedabad, India. The company is one of the top player and rapidly increasing engineering, procurement, construction (EPC) companies in India. PSP offers wide range of construction and related services such as commercial, residential, institutional, hospitality, hospital, residential, and marquee government projects. The company has successfully completed more than 222 projects of 150 private and public Indian clients. The company has deep expertise and knowledge across MEP services, engineering, procurement, construction, design, operations & maintenance, and development functions. The company is involved in projects that include manufacturing cum processing facilities, hospitals, government buildings, religious landmarks, educational institutions, residential structures, corporate offices, and building projects in urban and social infrastructure along with smart cities.
The company has talented team of experts which includes 1,969 permanent employees with age above 33 years and above 14,000 contractual workers as on 31st March, 2024. The company has entered into partnership with various famous domestic and foreign clients and consultants which has led to completetion of over 222 projects of more than 150 customers.
The company provides complete solutions to its clients that include civil construction, facade, interior fitouts, MEP (mechanical, electrical, and plumbing), design and other services. The company’s services are supported by strict financial discipline, a wide variety of deep knowledge and specialisation among various segments, extensive in-house equipment, and interconnection of modern technologies.
The company is given priority in mid and large-sized construction sector segments in India. The company is consistently performing better than expected, introducing projects of large scale and complications, delivering projects on time with best quality. The company has made constant investments in modern technologies that build larger, better, and faster. The company is the first to take advantage of launching future-based precast technology in India. The company offers construction services in various segments such as industrial, government, institutional, residential sectors and government residential.
The company is able to increase this trust to genuine output by implementing pre-cast construction technology. This was observed as most famous project throughout the year during review. The company entered into contract with Nestle for building Phase 3 of industrial facility.The company introduced the application of precast technology which was checked accurately which was passed on to European’s headquarters for approval. The project construction was completed within 5 months less time taken compared to conventional construction methodology. This on-time completion encouraged customer to start operations and build revenue generation faster, supporting the efficiency of precast technology.
The company was hired by warehousing customer to construct a million square feet. By using pre-cast technology, the construction was completed within 1 year by which approx 83000 sq. ft. was constructed every month, the company constructed warehouse and encouraged customer to generate revenue in early period. The company completed third project throughout the year by building 25 km compound wall. The company started this strategy, providing certified solution, and completing construction in less time.
The fourth main project was company’s best quality-price by providing huge value was observed in construction of AMC Sports Complex in Ahmedabad. The company used pre-cast technology in stadium over conventional choice, increasing work efficiency. The overview of this business appears amazing. The company was involved in large order, introducing the need for bullet train project during end of last financial year which expanded into current financial year. The project is introduced, the company forecasts to plug its manufacturing lines with orders. The company forecasts to develop its conventional business by making fast deliveries by using pre-cast technology. The company is involved in improving visibility for better results, and marketing concept. The purpose of company during current financial year is to forecasts business from commercial entities, more projects from satisfied clients, and interact with new customers through various sources. The company is looking for projects with huge prices.
The procurement feature is very important for PSP. The strategy of “right procurement” includes a balance of variables such as best quality, high grade, affordable cost, efficiency, after-sales service, fulfilling warranty, and on-time delivery. If delivery is not done on time which can create impact on construction outcomes. The company has developed and delivered projects on time or strict timelines, shows huge success of company in procurement, supported by efficient negotiation and on-time delivery of products to construction sites. The workflow of company’s procurement has a straight impact on company’s profit, turnover, and growth of order book.
Diversified projects portfolio
Industrial projects – The industrial activities concentrate on developing facilities for sectors such as food processing units, pharmaceutical plants, manufacturing and processing plants, engineering facilities.
Institutional projects – These types of projects include construction of buildings for wide variety of entities such as shopping malls, hospitals and healthcare facilities, educational institutions, hospital services, and corporate offices.
Government projects – The government projects portfolio includes selecting amazing and best projects that are noteworthy, huge-scale, and time sensitive.
Government residential projects – The company charged affordable cost of design and construct residential projects for government.
Residential projects – The residential projects include constructing group housing and township structures along with building customized homes for extensive private clients.
Revenue and net profit
Particulars
FY-24 (Rs. in crores)
Sales
2,462
Expenses
2,200
EBITDA
262
Other income
24
Interest
51
Depreciation
65
Profit before tax
170
-Tax (%)
(27%)
Net profit
124
EPS in Rs
34.42
Balance Sheet (FY-24)
Laibilities
Rs
Assets
Rs
Equity Capital
36
Fixed assets
322
Reserves
879
CWIP
3
Borrowings
455
Investments
1
Other Liabilities
653
Other assets
1,697
Total Liabilities
2,022
Total assets
2,022
Shareholding Pattern (March 2025)
Promoters
60.14%
FIIs
7.82%
DIIs
7.99%
Public
24.05%
PSP Projects Ltd – Watch Full Video
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PSP Projects Ltd Share Price target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
637
679
720
2026
726
778
830
2027
835
862
889
2028
994
1081
1168
2029
1173
1238
1303
2030
1313
1419
1524
2035
2234
2456
2678
2040
5023
5184
5345
PSP Projects Ltd Share Price target – 2025
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 637. The average trading price is projected to hit Rs 679 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 720. The company manages business with goal to increase shareholder’s value. This improves value roots from culture of entrepreneurship manifested with strict project bidding, managing project including checking, completion of project on time, conservative management of finance, and reinvestment of profit back into business.
PSP Projects Ltd Share Price target – 2026
If market faces bearish sentiments, the minimum projected price is estimated to hit Rs 726. The average trading price is projected to hit Rs 778 at the mid of the year. If market observes bullish signals, the maximum forecasted price is anticipated to touch Rs 830. The purpose of company is to pay attention on EPC projects and precast manufacturing. The company is planning to improve operational capacity with the help of systematic reviewing of modern technologies. THE Engineering, Procurement, Construction (EPC) industry stands at centre led by combination of evolving market changes and increasing opportunities. The increment in worldwide infrastructure interconnected with renewed concentration on sustainable and systematic solutions.
PSP Projects Ltd Share Price target – 2027
If market faces bearish sentiments, the minimum projected price is estimated to hit Rs 835. The average trading price is projected to hit Rs 862 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to touch Rs 889. The interaction with client should be strengthened and enhancement of project mix are main features of company. The company is projected to rise its initiatives towards developing strong customer-based approach and delivering best quality experience to customers. The purpose of company is to pay attention on attaining large projects across all sectors.
PSP Projects Ltd Share Price target – 2028
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 994. The average trading price is projected to hit Rs 1081 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to hit Rs 1168. The company has established strong footprint beyond Gujarat will be main goal. The human resources will be retained through developing huge capacity, skill and knowledge improvement steps. The company’s growth potential will be increased by improving modern technology, develop strong customer relations, gaining huge projects across varied sectors and capturing skill-based talent.
PSP Projects Ltd Share Price target – 2029
If market observes downward sentiments, the minimum projected price is anticipated to hit Rs 1173. The average trading price is projected to hit Rs 1238 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to touch Rs 1303. The company is also increasing growth potential by setting and focusing on production of precast concerete at the plant. The company is supporting the use of precast concrete element to improve operational efficiency, minimize the dependency on labourers, manage safty issues, encourage fast delivery and provide best quality work.
PSP Projects Ltd Share Price target – 2030
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 1313. The average trading price is projected to hit Rs 1419 at the mid of the year. If market observes bullish signals, the maximum forecasted price is estimated to hit Rs 1524. The company has both opportunities and challenges. By taking benefits of evolving market trends encouraging technological improvements and paying attention on sustainability. The company can control evolving landscape and placed themselves for long-term success. The company is involved in several high-profile government residential projects which includes design and development.
PSP Projects Ltd Share Price target – 2035
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 2234. The average trading price is projected to hit Rs 2456 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to touch Rs 2678. The company has achieved expertise in constructing industrial buildings for wide range of manufacturing and processing facilities which includes food processing, pharmaceutical, and engineering with deep experience in managing industrial projects across multiple sectors. The company has strong track record of providing best manufacturing and processing services to top clients such as Nirma, Nestle, MRF, Cadila, Intas, Torrent, KHS.
PSP Projects Ltd Share Price target – 2040
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 5023. The average trading price is projected to hit Rs 5184 at the mid of the year. If market observes bullish signals, the maximum forecasted price is expected to hit Rs 5345. The company consistently checks the economic landscape to identify huge downfall in economy and construction industry. This early checking encourages to take rapid measures in economy downfall. By diversifying its services and establishing strong presence in international markets the company efficiently manages economic adverse impact and reduces dependency on single market.
FAQs
Q1) Who is the owner of PSP Projects Ltd?
Ans – The owner of PSP Projects Ltd is Mr. Prahladbhai Patel is Chairman and MD of company. He has completed Civil Engineering from Saurashtra University.
Q2) What does PSP Projects Ltd do?
Ans – The company is multidisciplinary construction company providing wide range of construction and other related services across government, institutional, industrial, government residential and residential projects in India.
Q3) Who are the competitors of PSP Projects Ltd?
Ans – The competitors of PSP Projects Ltd are: Arkade developers, Man Infraconstruction Ltd, Garuda Construction, B.L. Kashyap and sons Ltd.
Q4) What is turnover of PSP Projects Ltd?
Ans – The turnover of PSP Projects Ltd in FY-13 was Rs 257 crores which has increased to Rs 2,462 crores in FY-24.
Q5 Is PSP Projects Ltd a debt-free company?
Ans –No,PSP Projects Ltd is not a debt-free company. The Long-term borrowings is Rs 28 crores and short-term borrowings is Rs 246 crores. The company is earning sufficient profits to repay its debt in upcoming years.
Q6) Is PSP Projects Ltd a profitable company?
Ans –Yes, PSP Projects Ltd is a profitable company. The net profit of company in FY-13 was Rs 12 crores which has increased to Rs 124 crores in FY-24.
Q7) Is PSP Projects Ltd a good share to buy?
Ans –Yes, PSP Projects Ltd is a good share to buy for long-term purpose. The share price of company in FY-17 was Rs 217 which has increased to Rs 636.95 in FY-25 generating returns of almost 192.85% in past 8 years.
