Puravankara Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Puravankara Ltd trades at ₹222, in a downtrend and 77 weeks into that stage. That is −3.6% against its own 200-day average. It sits at 43% of a 52-week range of ₹173 to ₹289. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a downtrend — week 77 of stage 4, confirmed. At ₹222 it trades −3.6% versus its 200-day average and sits at 43% of its 52-week range (₹173–₹289).

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +335% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 77th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Puravankara Ltd trades at 79.4× P/E, at the pricey end of its own range (77th percentile). Its long-run median P/E is 17.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 79.4× is at the pricey end of its own range (77th percentile), against a long-run median of 17.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

The price move, decomposed: over 5y, of the +14.6%/yr price move, ~−17.6%/yr came from earnings growth and ~+32.2 pp from the multiple (expanding); over 10y, of the +16.7%/yr price move, ~−3.7%/yr came from earnings growth and ~+20.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 335% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Puravankara Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

48.4/100 — rank 14 of 26 in Realty - Construction & Contracting · 59% evidence confidence

Puravankara Ltd scores 48.4 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 14. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 24 + 8.9 + 9.1 + 6.4 = 48.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Puravankara Ltd reported ₹1,502 Cr of revenue in the Mar 26 quarter, +177.1% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 9.0% a year. The last full year, FY26, came in at ₹3,740 Cr. The last four reported quarters add to ₹3,739 Cr.

Puravankara Ltd reported ₹1,502 Cr of revenue in the Mar 26 quarter, +177.1% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 9.0% a year. The last full year, FY26, came in at ₹3,740 Cr. The last four reported quarters add to ₹3,739 Cr.

FY26 revenue came in at ₹3,740 Cr (+85.7% on the year), capping 10 years at 9.0% compound. The latest quarter (Mar 26) printed ₹1,502 Cr, +177.1% year on year — the 3rd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +105.7% growth against the decade's 9.0% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +85.7% over the last 4 quarters against +30.8%/yr over the last 8 — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 20.0% this quarter (+14.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Puravankara Ltd's operating margin is 20.0% in the Mar 26 quarter, +14.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 14.0% to 36.0%. The current quarter sits inside that band.

Puravankara Ltd's operating margin is 20.0% in the Mar 26 quarter, +14.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 14.0% to 36.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 20.0%, +14.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 14.0%–36.0%.

Why the margin moved: operating margin went +14.4 pp year on year while gross margin went −47.0 pp — the gain came mostly from the gross line: input costs and pricing.

→ Margins held — did that reach the bottom line? Next: profit null in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Puravankara Ltd earned ₹110 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹57.0 Cr. The 10-year compound rate is −3.7%. That is 7.3% of the quarter's revenue. The same quarter a year earlier lost ₹88.0 Cr. 8 of the last 12 reported quarters were loss-making.

Puravankara Ltd earned ₹110 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹57.0 Cr. The 10-year compound rate is −3.7%. That is 7.3% of the quarter's revenue. The same quarter a year earlier lost ₹88.0 Cr. 8 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹110 Cr, null year on year. On the full year, FY26 printed ₹57.0 Cr (null), and the 10-year compound rate is −3.7%.

→ Profit rose — but did the cash follow? Next: 835% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 835% of Puravankara Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹345 Cr of operating cash against ₹57.0 Cr of profit. After ₹913 Cr of capital spending, ₹−568 Cr was left as free cash.

FY26: operating cash of ₹345 Cr against reported profit of ₹57.0 Cr, leaving free cash of ₹−568 Cr after ₹913 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 835% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 835%: the cash cycle tightened 39 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 10.5× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹1,100 Cr of building over 3 years.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Puravankara Ltd's cash conversion cycle runs 77 days in FY26, down from 116 days in FY21. Capital spending ran ₹1,100 Cr over the last 3 years. At FY26 sales of ₹3,740 Cr each day of that cycle holds about ₹10.2 Cr, so roughly ₹789 Cr sits inside the business at any moment.

FY26: debtors at 77 days (an asset-light business — no inventory to speak of) — for a full cycle of 77 days, tighter than FY21's 116.

In money terms: at FY26 sales of ₹3,740 Cr, each day of the cycle holds about ₹10.2 Cr — so the 77-day loop keeps roughly ₹789 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹1,100 Cr over the last 3 fiscal years against ₹105 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 11%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Puravankara Ltd earns a ROCE of 11% in FY26. That is up from a trough of 6% in FY25. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 1.5% net margin on 0.22× asset turns.

FY26 ROCE is 11%, recovered from a FY25 trough of 6% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 1.5% net margin × 0.22× asset turns × 9.65× balance-sheet leverage ≈ 3.2% on equity. Margin does its share; leverage is a meaningful part of the equation.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 335% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 3.13.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Puravankara Ltd carries ₹5,595 Cr of borrowings against ₹1,788 Cr of equity in FY26, a debt-to-equity of 3.13. Operating profit covers the interest bill 1×. Over 5 years borrowings went from ₹2,835 Cr to ₹5,595 Cr. Capital spending ran ₹1,100 Cr across the last 3 of those years.

FY26: borrowings of ₹5,595 Cr against equity of ₹1,788 Cr — a debt-to-equity of 3.13. Operating profit covers the interest bill 1×. Over 5 years borrowings went from ₹2,835 Cr to ₹5,595 Cr while capital spending ran ₹1,100 Cr in just the last 3 — part of the build-out is riding on borrowed money.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 335% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Puravankara Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved −0.4 points over the same window, to 0.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −0.4 points over 8 quarters to 16.6%; Domestic institutions: −0.4 points over 8 quarters to 0.6%; Promoters: +0.0 points over 8 quarters to 75.0%.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Puravankara Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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