PSP Projects Ltd, established in 2008, is a leading multidisciplinary construction company in India, known for its wide-ranging contributions to the construction and infrastructure sector. The company offers a diverse suite of services, including industrial projects such as factories and manufacturing units, institutional projects like educational institutions and healthcare facilities, government civic and residential developments, high-end residential complexes, Mechanical, Electrical, and Plumbing (MEP) installations, and interior fit-outs. Over the years, PSP Projects has completed landmark projects, including the iconic Kashi Vishwanath Corridor in Uttar Pradesh, the Surat Diamond Bourse in Gujarat, one of the largest diamond trading hubs globally, and Palladium Mall in Ahmedabad, a premier shopping destination. Originally concentrated in Gujarat, PSP Projects has successfully expanded its footprint across multiple Indian states, delivering quality and innovation through sustainable and modern construction practices. This growth reflects its commitment to excellence and its capacity to undertake prestigious and complex projects.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 66.22% | 66.22% | 60.14% | 60.14% | 60.14% |
| FIIs + | 3.30% | 2.31% | 7.02% | 8.58% | 7.63% |
| DIIs + | 5.01% | 4.53% | 10.45% | 10.94% | 8.09% |
| Public + | 25.48% | 26.94% | 22.39% | 20.35% | 24.14% |
| No. of Shareholders | 48,541 | 45,772 | 41,861 | 40,839 | 43,244 |
The shareholding pattern of PSP Projects demonstrates significant dynamics over the four quarters of 2024. The promoters consistently held a majority stake, starting with 66.22% in December 2023 and maintaining this level until March 2024. However, a notable decline was observed in subsequent quarters, dropping to 60.14% by June 2024 and remaining steady through September and December 2024. Foreign Institutional Investors (FIIs) showed increased interest, with their stake rising from 3.30% in December 2023 to a peak of 8.58% in September 2024, before slightly declining to 7.63% by December 2024. Domestic Institutional Investors (DIIs) also enhanced their participation, growing from 5.01% in December 2023 to 10.94% by September 2024, though this figure decreased to 8.09% by year-end. Public shareholding displayed an inverse trend, starting at 25.48% in December 2023, increasing to 26.94% in March 2024, and then declining to 20.35% in September 2024 before recovering to 24.14% in December 2024. Throughout the period, the number of shareholders fluctuated, reflecting changes in market sentiment, ending at 43,244 in December 2024, compared to 48,541 at the start of the period. These shifts underscore PSP Projects’ evolving investor base and its growing appeal among institutional investors.
Latest News on PSP Projects
PSP Projects Ltd, a renowned player in the construction and infrastructure industry, has recently achieved a significant milestone by securing contracts worth ₹1,764.12 crore in Ahmedabad. These orders encompass a mix of institutional and residential projects, reflecting the company’s diversified portfolio and strong foothold in the region. This development is poised to bolster PSP Projects’ market position further and enhance its reputation for delivering high-quality construction solutions. The strategic focus on Ahmedabad aligns with the company’s growth trajectory, reinforcing its ability to cater to the evolving demands of urban infrastructure and real estate development. This achievement highlights PSP Projects’ robust operational capabilities and its commitment to sustaining growth through impactful project acquisitions.
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PSP Projects Price Prediction: 2025 to 2030
PSP Projects Price Target 2025
| When | Maximum Price | Minimum Price |
| March 2025 | 670.77 | 515.98 |
| April 2025 | 664.13 | 510.87 |
| May 2025 | 644.78 | 495.99 |
| June 2025 | 673.80 | 518.31 |
| July 2025 | 660.59 | 508.14 |
| August 2025 | 681.02 | 523.86 |
| September 2025 | 689.19 | 530.15 |
| October 2025 | 707.11 | 543.93 |
| November 2025 | 724.79 | 557.53 |
| December 2025 | 757.40 | 582.62 |
As we step into 2025, the share price of PSP Projects is projected to exhibit significant fluctuations throughout the year. By March 2025, the share price is expected to reach a maximum of ₹670.77 and a minimum of ₹515.98. Moving forward, December 2025 is anticipated to see a notable rise, with the maximum price predicted at ₹757.40 and the minimum at ₹582.62.
PSP Projects Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 780.12 | 600.10 |
| February 2026 | 760.62 | 585.09 |
| March 2026 | 775.83 | 596.80 |
| April 2026 | 791.67 | 608.97 |
| May 2026 | 783.83 | 602.95 |
| June 2026 | 803.42 | 618.02 |
| July 2026 | 787.67 | 605.90 |
| August 2026 | 812.03 | 624.64 |
| September 2026 | 828.27 | 637.13 |
| October 2026 | 849.81 | 653.70 |
| November 2026 | 871.05 | 670.04 |
| December 2026 | 892.83 | 686.79 |
As we move into 2026, the share price of PSP Projects is anticipated to showcase consistent growth throughout the year. By January 2026, the share price is projected to reach a maximum of ₹780.12 and a minimum of ₹600.10. Progressing further, December 2026 is expected to witness a significant rise, with the maximum price forecasted at ₹892.83 and the minimum at ₹686.79.
PSP Projects Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 901.76 | 693.66 |
| February 2027 | 924.88 | 711.45 |
| March 2027 | 960.95 | 739.19 |
| April 2027 | 942.11 | 724.70 |
| May 2027 | 914.67 | 703.59 |
| June 2027 | 955.83 | 735.25 |
| July 2027 | 937.09 | 720.84 |
| August 2027 | 966.07 | 743.13 |
| September 2027 | 999.88 | 769.14 |
| October 2027 | 1,025.88 | 789.14 |
| November 2027 | 1,051.52 | 808.87 |
| December 2027 | 1,077.81 | 829.09 |
PSP Projects Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,099.37 | 845.67 |
| February 2028 | 1,127.56 | 867.35 |
| March 2028 | 1,171.53 | 901.18 |
| April 2028 | 1,148.56 | 883.51 |
| May 2028 | 1,115.11 | 857.78 |
| June 2028 | 1,165.29 | 896.38 |
| July 2028 | 1,142.44 | 878.80 |
| August 2028 | 1,177.77 | 905.98 |
| September 2028 | 1,218.99 | 937.69 |
| October 2028 | 1,250.69 | 962.07 |
| November 2028 | 1,281.96 | 986.12 |
| December 2028 | 1,314.00 | 1,010.77 |
PSP Projects Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,340.28 | 1,030.99 |
| February 2029 | 1,374.65 | 1,057.42 |
| March 2029 | 1,428.26 | 1,098.66 |
| April 2029 | 1,400.26 | 1,077.12 |
| May 2029 | 1,359.47 | 1,045.75 |
| June 2029 | 1,420.65 | 1,092.81 |
| July 2029 | 1,392.79 | 1,071.38 |
| August 2029 | 1,435.87 | 1,104.51 |
| September 2029 | 1,486.12 | 1,143.17 |
| October 2029 | 1,524.76 | 1,172.90 |
| November 2029 | 1,562.88 | 1,202.22 |
| December 2029 | 1,601.96 | 1,232.27 |
PSP Projects Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,633.99 | 1,256.92 |
| February 2030 | 1,675.89 | 1,289.15 |
| March 2030 | 1,741.25 | 1,339.42 |
| April 2030 | 1,707.11 | 1,313.16 |
| May 2030 | 1,657.39 | 1,274.91 |
| June 2030 | 1,731.97 | 1,332.28 |
| July 2030 | 1,698.01 | 1,306.16 |
| August 2030 | 1,750.53 | 1,346.56 |
| September 2030 | 1,811.79 | 1,393.69 |
| October 2030 | 1,858.90 | 1,429.92 |
| November 2030 | 1,905.37 | 1,465.67 |
| December 2030 | 1,953.01 | 1,502.31 |
As we progress into 2030, PSP Projects’ share price is expected to demonstrate robust growth throughout the year. Starting in January 2030, the share price is projected to peak at a maximum of ₹1,633.99 and a minimum of ₹1,256.92. By March 2030, the share price is anticipated to rise further, reaching a maximum of ₹1,741.25 and a minimum of ₹1,339.42. As the year advances, December 2030 is forecasted to mark a significant high, with the share price touching a maximum of ₹1,953.01 and a minimum of ₹1,502.31.
Financial Condition of PSP Projects
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,499 | 1,241 | 1,749 | 1,927 | 2,462 | 2,462 |
| Expenses + | 1,308 | 1,106 | 1,492 | 1,699 | 2,200 | 2,263 |
| Operating Profit | 191 | 135 | 257 | 228 | 262 | 199 |
| OPM % | 13% | 11% | 15% | 12% | 11% | 8% |
| Other Income + | 25 | 14 | 21 | 24 | 24 | 18 |
| Interest | 15 | 15 | 26 | 32 | 51 | 48 |
| Depreciation | 27 | 26 | 32 | 40 | 65 | 73 |
| Profit before tax | 174 | 109 | 219 | 180 | 170 | 96 |
| Tax % | 26% | 26% | 26% | 26% | 27% | |
| Net Profit + | 129 | 81 | 162 | 133 | 124 | 67 |
| EPS in Rs | 35.91 | 22.44 | 45.11 | 36.95 | 34.42 | 17.23 |
| Dividend Payout % | 14% | 18% | 11% | 7% | 0% |
PSP Projects has demonstrated consistent growth and operational efficiency over the years, as reflected in its financial performance. The company’s sales revenue has steadily increased from ₹1,499 crore in March 2020 to ₹2,462 crore in March 2024, showcasing its strong market presence. However, rising expenses, from ₹1,308 crore in March 2020 to ₹2,200 crore in March 2024, have slightly impacted its operating margins. The Operating Profit Margin (OPM%) has fluctuated over the years, starting at 13% in March 2020 and standing at 11% in March 2024, with a lower trailing twelve-month (TTM) value of 8%.
PSP Projects’ profit before tax peaked at ₹219 crore in March 2022 but has since moderated to ₹170 crore in March 2024. Despite the challenges, the company has maintained a stable tax rate of around 26%-27%. Net profit trends reveal a similar trajectory, increasing from ₹129 crore in March 2020 to ₹162 crore in March 2022, before settling at ₹124 crore in March 2024. The Earnings Per Share (EPS) mirrored these movements, with a high of ₹45.11 in March 2022 and a value of ₹34.42 in March 2024. Notably, PSP Projects has scaled back its dividend payout ratio, which dropped from 14% in March 2020 to 0% in March 2024, possibly signaling a focus on reinvestment and future growth.
FAQs
Is PSP Projects a good stock to buy?
Yes, the PSP Projects shares are expected to be in an upward trend throughout the coming years, with the price showing steady growth from 2025 to 2030.
PSP Projects is expected to trade in between ₹495.99 to ₹757.40 in 2025.
PSP Projects could be trading in between ₹1,256.92 to ₹1,953.01 in 2030.
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Conclusion
PSP Projects Ltd has established itself as a leading multidisciplinary construction company in India, marked by its remarkable growth and successful execution of prestigious projects. The company’s shareholding patterns in 2024 reflect an increasing interest from institutional investors, highlighting its growing market appeal. PSP Projects’ financial performance demonstrates steady revenue growth and operational efficiency, although rising expenses have impacted profitability margins. The company’s recent contract wins and projected price targets for 2025-2030 indicate strong growth potential, reinforcing its position as a strong player in the construction and infrastructure sector.
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