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Puravankara

NSEI:PURVA
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PURVA
NSEI
₹13B
Market Cap
  1. Home
  2. IN
  3. Real Estate
Company description

Puravankara Limited, together with its subsidiaries, develops residential and commercial properties in India, Sri Lanka, the United Arab Emirates, and the Kingdom of Saudi Arabia. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Puravankara has significant price volatility in the past 3 months.
PURVA Share Price and Events
7 Day Returns
-6.5%
NSEI:PURVA
-2.7%
IN Real Estate
-2.5%
IN Market
1 Year Returns
-26.6%
NSEI:PURVA
16.6%
IN Real Estate
5%
IN Market
PURVA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Puravankara (PURVA) -6.5% -13.3% -26.8% -26.6% 19.3% -33.8%
IN Real Estate -2.7% -1% 4.5% 16.6% 60.7% 42.9%
IN Market -2.5% -1.3% 5.7% 5% 23.4% 29.3%
1 Year Return vs Industry and Market
  • PURVA underperformed the Real Estate industry which returned 16.6% over the past year.
  • PURVA underperformed the Market in India which returned 5% over the past year.
Price Volatility
PURVA
Industry
5yr Volatility vs Market

Value

 Is Puravankara undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Puravankara to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Puravankara.

NSEI:PURVA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 22.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:PURVA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.047 (1 + (1- 35%) (224.96%))
2.057
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (2 * 7.85%)
22.18%

Discounted Cash Flow Calculation for NSEI:PURVA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Puravankara is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:PURVA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 22.18%)
2020 4,249.32 Est @ 86.42% 3,477.92
2021 6,902.61 Est @ 62.44% 4,623.95
2022 10,053.80 Est @ 45.65% 5,512.26
2023 13,462.09 Est @ 33.9% 6,041.04
2024 16,918.39 Est @ 25.67% 6,213.82
2025 20,287.87 Est @ 19.92% 6,098.68
2026 23,510.64 Est @ 15.89% 5,784.47
2027 26,582.00 Est @ 13.06% 5,352.87
2028 29,529.56 Est @ 11.09% 4,866.94
2029 32,395.70 Est @ 9.71% 4,370.05
Present value of next 10 years cash flows ₹52,341.00
NSEI:PURVA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹32,395.70 × (1 + 6.48%) ÷ (22.18% – 6.48%)
₹219,712.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹219,712.98 ÷ (1 + 22.18%)10
₹29,638.38
NSEI:PURVA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹52,341.00 + ₹29,638.38
₹81,979.38
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹81,979.38 / 237.15
₹345.69
NSEI:PURVA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:PURVA represents 0.99816x of BSE:532891
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99816x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 345.69 x 0.99816
₹345.05
Value per share (INR) From above. ₹345.05
Current discount Discount to share price of ₹54.30
= -1 x (₹54.30 - ₹345.05) / ₹345.05
84.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Puravankara is available for.
Intrinsic value
>50%
Share price is ₹54.3 vs Future cash flow value of ₹345.05
Current Discount Checks
For Puravankara to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Puravankara's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Puravankara's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Puravankara's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Puravankara's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PURVA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹5.81
BSE:532891 Share Price ** BSE (2019-12-11) in INR ₹54.4
India Real Estate Industry PE Ratio Median Figure of 92 Publicly-Listed Real Estate Companies 12.19x
India Market PE Ratio Median Figure of 2,636 Publicly-Listed Companies 12.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Puravankara.

NSEI:PURVA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532891 Share Price ÷ EPS (both in INR)

= 54.4 ÷ 5.81

9.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Puravankara is good value based on earnings compared to the IN Real Estate industry average.
  • Puravankara is good value based on earnings compared to the India market.
Price based on expected Growth
Does Puravankara's expected growth come at a high price?
Raw Data
NSEI:PURVA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.91x
India Market PEG Ratio Median Figure of 599 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Puravankara, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Puravankara's assets?
Raw Data
NSEI:PURVA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹79.93
BSE:532891 Share Price * BSE (2019-12-11) in INR ₹54.4
India Real Estate Industry PB Ratio Median Figure of 164 Publicly-Listed Real Estate Companies 0.67x
India Market PB Ratio Median Figure of 3,571 Publicly-Listed Companies 0.84x
NSEI:PURVA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532891 Share Price ÷ Book Value per Share (both in INR)

= 54.4 ÷ 79.93

0.68x

* Primary Listing of Puravankara.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Puravankara is overvalued based on assets compared to the IN Real Estate industry average.
X
Value checks
We assess Puravankara's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Puravankara has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Puravankara expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Puravankara has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Puravankara expected to grow at an attractive rate?
  • Unable to compare Puravankara's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Puravankara's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Puravankara's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:PURVA Future Growth Rates Data Sources
Data Point Source Value (per year)
India Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
India Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
India Market Earnings Growth Rate Market Cap Weighted Average 19.8%
India Market Revenue Growth Rate Market Cap Weighted Average 11.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:PURVA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:PURVA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:PURVA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 24,331 2,503 1,379
2019-06-30 22,985 1,319
2019-03-31 20,505 -1,309 1,144
2018-12-31 16,924 1,001
2018-09-30 15,873 986
2018-06-30 14,584 982
2018-03-31 14,149 -289 914
2017-12-31 14,975 1,274
2017-09-30 13,287 1,241
2017-06-30 13,579 1,360
2017-03-31 14,071 -2,773 1,289
2016-12-31 12,479 -4,128 667

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Puravankara is high growth as no earnings estimate data is available.
  • Unable to determine if Puravankara is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:PURVA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Puravankara Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PURVA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:PURVA Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 5.81
2019-06-30 5.56
2019-03-31 4.82
2018-12-31 4.22
2018-09-30 4.15
2018-06-30 4.13
2018-03-31 3.85
2017-12-31 5.37
2017-09-30 5.24
2017-06-30 5.72
2017-03-31 5.43
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Puravankara will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Puravankara is trading at Puravankara'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Puravankara's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Puravankara's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Puravankara's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Puravankara has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Puravankara performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Puravankara's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Puravankara's year on year earnings growth rate has been positive over the past 5 years.
  • Puravankara's 1-year earnings growth exceeds its 5-year average (39.8% vs 2.5%)
  • Puravankara's earnings growth has exceeded the IN Real Estate industry average in the past year (39.8% vs -7%).
Earnings and Revenue History
Puravankara's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Puravankara Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PURVA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 24,331.40 1,378.60 2,147.50
2019-06-30 22,985.20 1,319.00 1,310.10
2019-03-31 20,504.90 1,143.50 2,029.70
2018-12-31 16,923.60 1,001.20 1,743.70
2018-09-30 15,872.60 985.80 1,678.50
2018-06-30 14,584.30 981.80 1,633.80
2018-03-31 14,149.00 914.00 1,609.20
2017-12-31 14,975.20 1,273.80 1,676.60
2017-09-30 13,287.30 1,241.20 1,653.80
2017-06-30 13,579.00 1,360.10 1,653.70
2017-03-31 14,071.20 1,289.00 1,637.80
2016-12-31 12,479.40 667.20 1,343.80
2016-09-30 13,578.90 605.00 1,387.90
2016-06-30 14,032.40 463.30 1,448.60
2016-03-31 15,793.90 828.50 1,721.10
2015-12-31 16,504.00 767.40 2,662.40
2015-09-30 16,650.00 997.70 2,795.30
2015-06-30 16,554.60 977.10 1,979.50
2015-03-31 16,697.40 1,327.30 1,972.60
2014-12-31 16,371.60 1,380.10 2,281.80
2014-09-30 15,290.30 1,254.40 2,371.80
2014-06-30 14,049.40 1,500.60 2,644.50
2014-03-31 13,130.20 1,599.80 2,558.50
2013-12-31 13,533.58 2,130.33 2,362.61
2013-09-30 13,958.25 2,573.84 2,286.39
2013-06-30 13,629.81 2,615.55 2,146.31
2013-03-31 12,476.58 2,434.35 1,847.28
2012-12-31 10,647.12 2,107.01 1,613.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Puravankara has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Puravankara used its assets more efficiently than the IN Real Estate industry average last year based on Return on Assets.
  • Puravankara has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Puravankara's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Puravankara has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Puravankara's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Puravankara's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Puravankara is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Puravankara's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Puravankara's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Puravankara Company Filings, last reported 2 months ago.

NSEI:PURVA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 18,948.20 28,648.60 2,236.00
2019-06-30 18,567.50 29,328.90 1,748.70
2019-03-31 18,567.50 28,952.60 1,492.60
2018-12-31 18,180.00 29,030.00 1,450.00
2018-09-30 17,828.00 26,503.20 1,971.00
2018-06-30 23,931.70 23,788.20 1,323.10
2018-03-31 23,931.70 23,788.20 1,323.10
2017-12-31 23,421.10 17,546.70 4,097.20
2017-09-30 23,421.10 17,546.70 4,097.20
2017-06-30 23,882.20 20,658.30 981.30
2017-03-31 23,662.40 20,524.60 946.10
2016-12-31 23,660.00 19,270.00 1,510.00
2016-09-30 23,660.00 19,270.00 1,510.00
2016-06-30 23,052.70 23,072.00 2,922.70
2016-03-31 22,833.30 21,719.70 2,914.30
2015-12-31 23,170.20 20,370.60 1,581.40
2015-09-30 23,074.30 19,299.30 1,007.50
2015-06-30 22,839.60 19,248.10 1,434.40
2015-03-31 22,607.30 17,801.10 2,233.30
2014-12-31 22,845.20 17,291.30 1,144.80
2014-09-30 22,518.90 16,417.70 1,013.50
2014-06-30 22,304.90 16,196.90 1,332.50
2014-03-31 21,732.90 16,968.50 1,940.30
2013-12-31 22,077.58 16,016.31 1,160.16
2013-09-30 21,877.02 15,676.22 1,372.63
2013-06-30 21,444.54 16,004.66 2,184.71
2013-03-31 18,995.07 17,859.25 2,390.75
2012-12-31 18,519.60 16,551.29 1,160.55
  • Puravankara's level of debt (151.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (72.9% vs 151.2% today).
  • Debt is not well covered by operating cash flow (8.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Puravankara's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Puravankara has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Puravankara's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.84%
Current annual income from Puravankara dividends.
If you bought ₹2,000 of Puravankara shares you are expected to receive ₹37 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Puravankara's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.6%).
  • Puravankara's dividend is below the markets top 25% of dividend payers in India (2.53%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:PURVA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1391 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:PURVA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:PURVA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-08-30 1.000 1.571
2018-08-10 1.600 2.197
2018-05-11 1.600 1.442
2017-08-04 2.250 1.990
2016-08-29 0.782 1.468
2015-08-25 1.550 2.928
2015-05-18 1.550 2.184
2014-05-20 1.920 2.215
2013-09-13 1.000 1.428
2013-05-17 1.000 1.344
2013-05-15 1.000 1.033
2013-04-17 1.000 1.022
2013-01-28 5.000 5.203
2012-08-06 1.000 1.254
2012-05-09 1.000 1.603
2011-09-28 1.000 1.473
2010-04-29 1.000 1.006
2010-03-31 1.000 0.923

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Puravankara's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Puravankara's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Puravankara afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Puravankara has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Puravankara's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashish Puravankara
COMPENSATION ₹22,040,000
AGE 40
TENURE AS CEO 4.9 years
CEO Bio

Mr. Ashish Ravi Puravankara, BBA, MBA, is the Founder Director of Provident Housing Limited. Mr. Puravankara has been Chief Executive Officer and Joint Managing Director of Puravankara Projects Limited since May 15, 2015. He is responsible for the identification of opportunities for Puravankara Projects in Chennai and has also been instrumental in implementing best construction practices by the acquisition of new materials and focusing on technology as a means to achieve quality construction. He is also actively involved in current projects in Chennai, i.e. Purva Swanlake and Purva Jade. He has been Whole Time Director at Puravankara Projects Ltd. since July 15, 2000. He served as Joint Managing Director of Puravankara Projects Limited from November 29, 2010 to May 15, 2015. Mr. Puravankara has over 14 years of experience in the field of real estate. He served as Head of Operations at Puravankara Projects Limited. His Partnerships includes Purva Developments. and Unique Constructions. Mr. Puravankara serves as Director of Purva Realities Private Limited, Centurions Housing and Constructions Private Limited, Purva Marine Properties Private Limited, Handiman Services Limited, Purva Opel Properties Private Limited, Purva Ruby Properties Private Limited, Purva Star Properties Private Limtied, Purva Good Earth Properties Private Limited and Purva Sapphire Land Private Limited. Mr. Puravankara serves as a Director of Purva Corporation, Puravankara Projects Lanka (Private) Limited and Puravankara Lanka Holding Private Limited. Mr. Puravankara holds a Bachelors degree in Business Administration Degree in Business from Virginia State University and a Master’s Degree in Business Administration from Willamette University in Salen, Oregon.

CEO Compensation
  • Ashish's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ashish's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Puravankara management team in years:

3.6
Average Tenure
54.5
Average Age
  • The tenure for the Puravankara management team is about average.
Management Team

Ravi Puravankara

TITLE
Founder & Chairman
COMPENSATION
₹25M
AGE
67

Ashish Puravankara

TITLE
CEO, MD & Whole Time Director
COMPENSATION
₹22M
AGE
40
TENURE
4.9 yrs

Kuldip Chawlla

TITLE
Chief Financial Officer
COMPENSATION
₹12M
AGE
54
TENURE
2.8 yrs

Bindu Doraiswamy

TITLE
Compliance Officer
COMPENSATION
₹2M
TENURE
3.6 yrs

Nani Choksey

TITLE
Joint MD & Whole Time Director
COMPENSATION
₹22M
AGE
68
TENURE
9.1 yrs

D. Patil

TITLE
Senior Vice President of Land Acquisition
AGE
58
TENURE
6.2 yrs

Vishal Mirchandani

TITLE
Chief Business Officer - Commercial & Retail
AGE
51
TENURE
1.1 yrs

K. Jagadeesh

TITLE
President of MD Office
AGE
54
TENURE
3.8 yrs

Abhishek Kapoor

TITLE
Chief Operating Officer
TENURE
0.3 yrs

Sanjay Sharma

TITLE
President of Technical
AGE
55
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Puravankara board of directors in years:

13
Average Tenure
64.5
Average Age
  • The average tenure for the Puravankara board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ravi Puravankara

TITLE
Founder & Chairman
COMPENSATION
₹25M
AGE
67

Ashish Puravankara

TITLE
CEO, MD & Whole Time Director
COMPENSATION
₹22M
AGE
40
TENURE
19.4 yrs

Nani Choksey

TITLE
Joint MD & Whole Time Director
COMPENSATION
₹22M
AGE
68
TENURE
33.5 yrs

Anup Sanmukh

TITLE
Additional Non-Executive Independent Director
COMPENSATION
₹100K
AGE
62
TENURE
0.4 yrs

Pradeep Guha

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
67
TENURE
13 yrs

Sonali Rastogi

TITLE
Non-Executive Independent Director
COMPENSATION
₹620K
AGE
52
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Puravankara's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Puravankara has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's Why We Think Puravankara (NSE:PURVA) Is Well Worth Watching

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In contrast to all that, I prefer to spend time on companies like Puravankara (NSE:PURVA), which has not only revenues, but also profits. … Check out our latest analysis for Puravankara Puravankara's Earnings Per Share Are Growing. … Puravankara's earnings per share have taken off like a rocket aimed right at the moon.

Simply Wall St -

Volatility 101: Should Puravankara (NSE:PURVA) Shares Have Dropped 42%?

Investors in Puravankara Limited (NSE:PURVA) have tasted that bitter downside in the last year, as the share price dropped 42%. … Dividends have been really beneficial for Puravankara shareholders, and that cash payout explains why its total shareholder loss of 41%, over the last year, isn't as bad as the share price return. … However, it could simply be that the share price has been impacted by broader market jitters.

Simply Wall St -

Why Puravankara Limited (NSE:PURVA) Looks Like A Quality Company

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Puravankara: 6.2% = ₹1.1b ÷ ₹19b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Puravankara Have A Good Return On Equity? … How Does Debt Impact Return On Equity?

Simply Wall St -

Here's Why I Think Puravankara (NSE:PURVA) Might Deserve Your Attention Today

See our latest analysis for Puravankara Puravankara's Earnings Per Share Are Growing. … If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. … Puravankara shareholders can take confidence from the fact that EBIT margins are up from 21% to 24%, and revenue is growing.

Simply Wall St -

What Does Puravankara Limited's (NSE:PURVA) P/E Ratio Tell You?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Puravankara: P/E of 17.22 = ₹72.75 ÷ ₹4.22 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Growth Rates Impact P/E Ratios P/E ratios primarily reflect market expectations around earnings growth rates. … With relatively high debt, and no earnings per share growth over twelve months, it's safe to say the market believes the company will improve its earnings growth in the future.

Simply Wall St -

Is Puravankara Limited's (NSE:PURVA) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Puravankara Limited's (NSE:PURVA) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Puravankara's Price To Earnings Ratio

Simply Wall St -

Did You Miss Puravankara's (NSE:PURVA) 54% Share Price Gain?

For example, the Puravankara Limited (NSE:PURVA) share price is up 54% in the last three years, clearly besting than the market return of around 45% (not including dividends). … During three years of share price growth, Puravankara achieved compound earnings per share growth of 9.3% per year. … This EPS growth is lower than the 16% average annual increase in the share price.

Simply Wall St -

What Did Puravankara Limited's (NSE:PURVA) CEO Take Home Last Year?

In 2015 Ashish Puravankara was appointed CEO of Puravankara Limited (NSE:PURVA). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Ashish Puravankara's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does Market Volatility Impact Puravankara Limited's (NSE:PURVA) Share Price?

If you're interested in Puravankara Limited (NSE:PURVA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Puravankara Limited's (NSE:PURVA) ROE Can Tell Us

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every ₹1 worth of equity in the company, it was able to earn ₹0.055. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Puravankara Limited, together with its subsidiaries, develops residential and commercial properties in India, Sri Lanka, the United Arab Emirates, and the Kingdom of Saudi Arabia. The company’s residential projects include apartment complexes, villas, townhouses, and affordable housing projects; and commercial projects comprise retail and office premises, as well as business parks. It markets its projects under the Purva, Puravankara, and Provident brand names. The company was formerly known as Puravankara Projects Limited and changed its name to Puravankara Limited in December 2016. Puravankara Limited was founded in 1975 and is headquartered in Bengaluru, India.

Details
Name: Puravankara Limited
PURVA
Exchange: NSEI
Founded: 1975
₹12,734,938,138
237,149,686
Website: http://www.puravankara.com
Address: Puravankara Limited
#130/1, Ulsoor Road,
Bengaluru,
Karnataka, 560042,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532891 Equity Shares Mumbai Stock Exchange IN INR 30. Aug 2007
NSEI PURVA Equity Shares National Stock Exchange of India IN INR 30. Aug 2007
Number of employees
Current staff
Staff numbers
1,149
Puravankara employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 12:45
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2018/05/11
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.