PSP Projects Share Price

PSP Projects Limited is a multidisciplinary construction company in India, primarily engaged in providing engineering, procurement, and construction (EPC) services. The company constructs industrial facilities, institutional buildings, commercial complexes, residential townships, and government infrastructure projects across India. PSP Projects operates a network of regional offices and construction sites across multiple states, making it a notable player in India’s construction sector. The PSP Projects share price on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the PSP Projects price often mirrors shifts in government infrastructure spending, demand from industrial and institutional sectors, and investor views on the construction sector’s growth prospects. Factors such as the pace of order book execution, competitive intensity from other construction players, raw material price fluctuations (steel, cement), and government policies on infrastructure investment influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the PSP Projects price movements.

PSP Projects live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of PSP Projects live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the PSP Projects share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

PSP Projects Limited Company Fundamentals

a. Company Background

PSP Projects Limited was incorporated in 2008. The company’s registered office is located in Ahmedabad, Gujarat. PSP Projects Limited was originally incorporated as a Private Limited Company on August 26, 2008 in the name of ‘PSP Projects Private Limited’ under the provisions of the Companies Act, 1956, with the Registrar of Companies, Gujarat at Ahmedabad. The company was founded by Prahaladbhai Shivrambhai Patel, a civil engineer. The Company converted into a Public Limited Company pursuant to a special resolution of the Shareholders dated June 30, 2015 and consequently, the name of the Company was changed to PSP Projects Limited and a fresh certificate of incorporation was issued by the RoC on July 10, 2015. The company’s primary activity involves providing integrated construction and allied services across the construction value chain, ranging from planning and design to construction and post-construction activities for private and public sector enterprises. PSP Projects initially focused on building a strong foothold in Gujarat before gradually expanding to other regions. The company constructs industrial buildings for pharmaceutical plants, food processing units, engineering units, and manufacturing facilities. Over the years, PSP Projects has significantly expanded its project portfolio and geographic footprint across India. It operates in a competitive environment, with pricing and project execution governed by market forces and client requirements. In 2009, PSP Projects acquired the business of BPC Projects. In 2015, the company entered into a partnership deed with Gannon Dunkerley & Co. Ltd. In 2016, the company incorporated PSP Projects Inc. in which the company has 100% stake. In May 2017, the Company came up with a Public Issue of 10,080,000 Equity Shares raising funds aggregating to Rs 211.68 Crores. The company has consistently focused on enhancing its execution capabilities to meet the growing demand for construction services in India.

b. Product Lines

• Industrial construction: Pharmaceutical plants, food processing units, engineering units, manufacturing and processing facilities

• Institutional construction: Hospitals and healthcare facilities, educational institutions, medical colleges, corporate offices, shopping malls, and hospitality services (hotels)

• Government projects: Marquee government projects including Shri Kashi Vishwanath Dham at Varanasi, public infrastructure works, and government residential buildings

• Residential construction: Group housing projects, townships, independent homes, and residential-cum-commercial buildings under schemes like Mukhya Mantri GRUH Yojana

• Commercial construction: Corporate houses, commercial buildings at GIFT City Gandhinagar, and office complexes

• Planning and design services across the construction value chain

• Mechanical, Electrical, and Plumbing (MEP) works for integrated building solutions

• Interior fit-outs and post-construction activities

• Building renovations, flooring, furniture, and painting services

• Construction of medical college and hospital facilities for educational institutions

c. Company Revenue Model

• Primary revenue from engineering, procurement, and construction (EPC) contracts for industrial, institutional, government, and residential projects

• Volume-driven revenue based on value of contracts executed across diverse construction segments

• Pricing determined by raw material costs (steel, cement), project complexity, and contract terms with government and private clients

• Revenue from industrial projects focusing on pharmaceutical plants, food processing units, and manufacturing facilities

• Revenue from institutional projects including hospitals, educational institutions, corporate offices, and hospitality services

• Revenue from government projects including public infrastructure and government residential buildings

• Revenue from residential projects involving group housing, townships, and independent homes for private clients

• Expanding order book contributing to new revenue streams across new geographical regions across India

• Revenue from planning and design services as part of integrated construction solutions

• Revenue from MEP works and interior fit-outs as allied services

• Government policy changes and infrastructure capex allocation influencing revenue stability

• Revenue from both Gujarat-based operations and projects across multiple states in India

d. Geographic Presence

• Headquartered in Ahmedabad, Gujarat with registered office at PSP House, Opposite Celesta Courtyard, Opposite lane of Vikram Nagar Colony, Iscon-Ambli Road, Ahmedabad – 380058

• Strong project presence across multiple Indian states including Gujarat, Uttar Pradesh (Shri Kashi Vishwanath Dham at Varanasi), Karnataka (Bangalore Milk Union Dairy Plant at Kanakpura), Maharashtra, and other regions

• Completed notable projects including Commercial Building at GIFT City Gandhinagar, Zydus Corporate House at Ahmedabad, Punishka Healthcare Plant at Ahmedabad, Medical College and Hospital for Dharamsinh Desai University (DDU) at Nadiad, and Grand Mercury Hotel for Brigade Group at Gift City

• Subsidiary PSP Projects Inc. with 100% stake

• Focus on expanding into new geographical areas across India through new project wins

• Strategic expansion through acquisitions including BPC Projects in 2009 and 74% stake in PSP Projects & Proactive Constructions Pvt Ltd

• Operations primarily concentrated in western India with growing presence in northern and southern regions

e. Key Milestones

• 2008: Incorporated as PSP Projects Private Limited on August 26, 2008

• 2009: Acquired the business of BPC Projects

• 2015: Converted from private limited company to public limited company; name changed to PSP Projects Limited on July 10, 2015; entered into partnership deed with Gannon Dunkerley & Co. Limited

• 2016: Incorporated PSP Projects Inc. (100% stake); acquired 74% stake in PSP Projects & Proactive Constructions Private Limited

• 2017: Came up with Public Issue of 10,080,000 Equity Shares raising Rs 211.68 Crores in May 2017

• 2018: Received work orders worth Rs 1776.41 crore during Q3 FY2018 and Rs 87.33 crore during Q4 FY2018

• 2019-20: Completed Commercial Building at GIFT City, Gandhinagar; Zydus Corporate House at Ahmedabad; commenced work on Shri Kashi Vishwanath Dham at Varanasi

• 2020-21: Completed Zydus Hospital at Sitapur, Medical College and Hospital at Dahod, Gujarat

• 2025: PSP Projects set world record for Vishv Umiya Dham raft, pouring 24,000 m³ concrete in 54 hours; recognized by Golden Book of World Records

f. Industry Perspective

PSP Projects Limited operates in the construction and engineering industry, which is part of India’s broader infrastructure sector. Globally, the construction industry is projected to more than double by 2030, reaching USD 2.13 trillion, with an 8% rise in cement production in early 2025 and anticipated 7-8% demand increase in FY26. In India, the construction sector is poised for substantial growth. According to staffing company TeamLease, the Indian construction market, valued at around USD 740 billion (approximately ₹65 lakh crore) in 2025, is expected to expand to over USD 1 trillion (approximately ₹90 lakh crore) by 2030, reflecting a compound annual growth rate (CAGR) of 7-8%. The India Engineering, Procurement, And Construction Management (EPCM) Market size is estimated at USD 69.28 billion in 2025, and is expected to reach USD 126.91 billion by 2030, at a CAGR of 12.87% during the forecast period. The construction sector is India’s second-largest employer, providing jobs to close to 75 million people, and is expected to create nearly 20 million new jobs by 2030. There are currently more than 4,000 active infrastructure projects in the country, with some 800 ongoing projects having a project value of ₹150 crore or higher. The net employment confidence for the sector is robust, with a hiring outlook projected at 6.2%. Demand is driven by government initiatives like the Smart Cities Mission, Bharatmala Pariyojana, Sagarmala Project, and ‘Make in India’ campaign, rapid urbanization, and liberalization of FDI policies. Key challenges include raw material price volatility (steel, cement), project execution delays, land acquisition issues, and intense competition from domestic and international players.

PSP Projects Limited Stock Market Presence: Listings & Index Representation

PSP Projects is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol PSPPROJECT and on the Bombay Stock Exchange (BSE) with the scrip code 540544. Its listing on both exchanges ensures that the PSP Projects price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company was listed in May 2017 through a public issue of 10,080,000 equity shares. The company forms part of several benchmark indices that represent broad market segments. PSP Projects is included in indices such as BSE 1000, BSE AllCap, BSE Industrials, BSE MidSmallCap, BSE NEXT 500, and BSE SmallCap. Being represented in multiple indices enhances the visibility and liquidity of the PSP Projects price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s construction landscape. The inclusion of PSP Projects in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the PSP Projects price to corporate and industry developments. The company’s ISIN code is INE488V01015 and face value is ₹10 per share.

PSP Projects Limited Stock Performance and Share Price History

The PSP Projects price has exhibited significant volatility over the past decade, shaped by the company’s operations in India’s construction sector and broader infrastructure industry cycles. The PSP Projects share price recorded a positive total return of approximately 5.4% over the last 1 year and a negative return of -0.3% over the last 3 years, underperforming the BSE CG index’s 20.8% and 25.7% respectively over the same periods, reflecting near-term headwinds including execution challenges and margin pressures. The PSP Projects share price delivered a 5-year total return of 8.8% and a 10-year total return that has been positive since listing in 2017. The PSP Projects share price reached a 52-week high of ₹1,029.90 and a 52-week low of ₹569.20, indicating a wide trading range and substantial price fluctuations. The PSP Projects share price recorded a strong rally in 2022, delivering a substantial positive annual return of 44.3%, while the subsequent period has seen the PSP Projects price moderate and correct from its peak levels. The PSP Projects share price has shown a 1-month return of approximately -1.9% and a 3-month return of -21.5% as of April 2026, indicating recent consolidation.

The PSP Projects price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported its highest-ever net sales and received major order wins including the Shri Kashi Vishwanath Dham project, the PSP Projects price showed a positive reaction. The PSP Projects stock price has shown a pattern of strong positive momentum in years when the company’s order book growth exceeded expectations, while periods of earnings moderation or concerns over raw material costs have contributed to consolidation in the PSP Projects stock price. Corporate developments, including strategic announcements such as new project wins, the world record achievement for Vishv Umiya Dham raft, and the company’s expansion into new geographical areas, have also influenced short-term fluctuations in the PSP Projects price. The PSP Projects share price has shown a 1-year return of approximately 5.4% as of April 2026, reflecting modest gains over the last year. The PSP Projects share price has shown a 10-year aggregate net profit of ₹912.66 crore, reflecting the company’s sustained profitability over the long term. The PSP Projects share price reached its 52-week high of ₹1,029.90 before declining to its 52-week low of ₹569.20, reflecting the volatility inherent in the construction space. The PSP Projects share price has shown a year-to-date return of approximately -22.6% as of April 2026, indicating pressure in the current fiscal year. Comprehending these patterns in the PSP Projects price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the PSP Projects price movements illustrate how industry fundamentals, raw material price cycles, and investor expectations converge in market pricing.

The PSP Projects price has shown distinct seasonal patterns over the past decade. The best performing year historically was 2022 with a positive return of 44.3%, while the worst year was 2020 with a negative return of -16.5%. Historically, the stock has shown positive annual returns in 6 out of the last 10 years. In terms of annual performance, the PSP Projects share price delivered returns of 25.5% in 2019, -16.5% in 2020, 16.2% in 2021, 44.3% in 2022, 9.5% in 2023, -15.3% in 2024, and 29.9% in 2025. The PSP Projects share price has demonstrated that the stock tends to perform better in periods of strong government infrastructure spending and supportive economic policies, while underperforming during phases of market corrections and project execution challenges. The PSP Projects stock price has shown a 3-year total return of -0.3%, indicating near-flat performance over this period. The PSP Projects stock price has shown a 5-year total return of 8.8%, reflecting the company’s ability to deliver modest returns across market cycles. The PSP Projects stock price has shown a 10-year total return that has been positive since listing, with the stock delivering a 5-year CAGR of approximately 8.8%. The PSP Projects stock price continues to trade at a significant discount from its 52-week high of ₹1,029.90, standing at around ₹620-670 levels as of April 2026.

PSP Projects Limited Investor Relevance and Role in Portfolio

PSP Projects holds a significant position for portfolio investors who seek exposure to India’s construction and infrastructure sector with a focus on EPC services. The company’s presence in industrial, institutional, government, and residential construction aligns it with investment strategies that value government capex cycles, infrastructure development, and the “Make in India” theme. The PSP Projects share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor order book growth, execution progress, and margin trends when evaluating allocation decisions.

Institutional stakeholders play a moderate role in PSP Projects’s ownership profile. As of March 2026, institutional holding stood at 4.05%. Mutual funds hold 1.88% of the company. Key mutual fund holders include ICICI Prudential Mutual Fund – ICICI Prudential Infrastructure Fund, Bank of India Manufacturing & Infrastructure Fund, Bank of India Multi Cap Fund, Bank of India Mid & Small Cap Equity & Debt Fund, and Motilal Oswal BSE 1000 Index Fund. Key institutional holders include ICICI Prudential Asset Management Company Limited, UTI Asset Management Company Limited, Fidelity International Ltd, Bandhan AMC Limited, LIC Mutual Fund Asset Management Company Ltd., Abakkus Asset Manager LLP, Ocean Dial Asset Management Limited, and Affiliated Managers Group, Inc. Promoters hold approximately 70% of the company. The PSP Projects share price has shown moderate institutional participation. The PSP Projects stock price’s beta reflects that the company’s established project portfolio and government contracting relationships may provide some stability, though the construction sector remains sensitive to economic cycles and raw material price fluctuations.

Based on data, PSP Projects exhibits varying levels of beta and volatility across different measurement periods. Based on data, the long-term beta (5-year monthly) stands at 0.47 according to Yahoo Finance and Simply Wall St, while the FT Markets beta is 0.8934, and TradingView shows a beta of 1.10, reflecting different measurement periods and methodologies. Based on data, the daily-one month beta shows low correlation, while the daily-three month beta indicates moderate sensitivity. Based on data, the weekly-one year beta is 0.13-0.47, showing lower-than-market sensitivity in short-term trading. Based on data, the weekly-two year beta shows low correlation, and the 2 week-two year range beta is also low. Based on data, the monthly-two year beta continues to show moderate correlation. Supporting statistics include mean values across different periods and standard deviations indicating moderate variability. The weekly volatility stands at approximately 5-6.8%, which is stable compared to the broader market. Overall, PSP Projects demonstrates a moderate volatility profile with beta values suggesting the stock tends to move with lower volatility compared to broader market direction over longer time frames.

The PSP Projects share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The PSP Projects stock price’s beta reflects that the company’s established project portfolio and government contracting relationships may provide some stability, though the construction sector remains sensitive to economic cycles and raw material price fluctuations.

PSP Projects Limited Sectoral Relevance and Peer Positioning

The sector relevance of PSP Projects is anchored in its role within the broader Indian construction and engineering industry, where it competes with other construction and infrastructure development companies. As part of this industry, the company’s strategic positioning connects industrial, institutional, government, and residential projects to clients across India. Competitors in the construction and engineering segment include companies such as Capacit’e Infraprojects Limited, Ahluwalia Contracts (India) Limited, B L Kashyap & Sons Limited, ARSS Infrastructure Projects Limited, Consolidated Construction Consortium Limited, and other listed players. Firms with parallels in either project scale or execution capabilities are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the PSP Projects P/E ratio have shown variations over different periods. The current P/E ratio stands at approximately 63-66x across different sources as of April 2026, representing a significant premium to the industry median of 19.29x. The mean historical P/E Ratio over the last five years has fluctuated significantly, with P/E of 11.65 in FY2021, 18.31 in FY2022, 20.14 in FY2023, 44.48 in FY2024, and 63.14 in the current period. Periods when investors perceived improvements in profitability or earnings sustainability have corresponded with expansion in valuation multiples, whereas phases of moderation in earnings momentum or industry cyclicality have seen valuation contraction. PSP Projects P/E ratio increased significantly in 2024 and 2025 following order book growth, but remains elevated compared to historical averages.

Similarly, PSP Projects EPS has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from order book expansion and new project wins supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from raw material price volatility and competitive pressures have moderated EPS momentum. PSP Projects earnings have shown a trajectory that responded to both revenue growth and margin pressures over the analysed period. PSP Projects market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving construction market.

Over years, the PSP Projects market cap has followed a pattern of steady growth. The market cap increased from ₹16,679 million in FY2021 to ₹19,409 million in FY2022, ₹24,152 million in FY2023, ₹24,764 million in FY2024, and ₹25,097 million in FY2025. As of April 2026, the market cap stands at approximately ₹2,495-2,695 crore across different sources. This growth mirrors the trend in the PSP Projects share price and the broader performance of the construction sector relative to broader market indices.

PSP Projects earnings over the past several years have been characterised by a period of growth followed by recent moderation. Net income increased from ₹24.50 crore in FY2019 to ₹45.60 crore in FY2020, ₹45.70 crore in FY2021, ₹28.56 crore in FY2022, ₹54.86 crore in FY2023, ₹41.65 crore in FY2024, and ₹40.90 crore in FY2025. The company’s revenue grew from ₹788.96 crore in FY2021 to ₹1,648.96 crore in FY2022, ₹2,019.09 crore in FY2023, ₹2,232.83 crore in FY2024, and ₹2,706.00 crore in FY2025, representing a 5-year CAGR of approximately 28-30%. For the trailing twelve months (TTM) as of April 2026, net profit was ₹40.90 crore.

PSP Projects EPS has shown variation over the past decade. The diluted EPS stood at ₹3.24 in FY2019, ₹6.37 in FY2020, ₹6.31 in FY2021, ₹3.96 in FY2022, ₹7.66 in FY2023, ₹6.29 in FY2024, and ₹6.18 in FY2025. The TTM EPS as of April 2026 stood at approximately ₹10.30. The EPS growth rate has shown significant variation, with the company delivering positive profit growth in some years and declines in others. The highest EPS growth rate was achieved in 2023, while the lowest was during periods of margin pressure.

The PSP Projects P/E ratio has shown fluctuations over the available period. At the end of recent fiscal years, the P/E ratio varied, with current levels at 63-66x across different sources, while the industry P/E stands at approximately 19.29x. The mean historical P/E ratio over the last five years has been in the range of 11-44x. The current P/E ratio compared to the historical average reflects that investor expectations are adjusting to near-term earnings momentum. The PSP Projects share price has been influenced by these valuation metrics. The PSP Projects stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

PSP Projects Limited is a multidisciplinary construction company listed on both the NSE and BSE, where the PSP Projects share price reflects government capex cycles, order book growth, and project execution within the construction sector. Its representation on stock exchanges supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader infrastructure industry themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s construction market.