PSP Projects Limited stands as one of India's prominent construction and engineering companies, specializing in delivering comprehensive construction and allied services across diverse sectors. Founded and headquartered in Ahmedabad, Gujarat, PSP Projects has established itself as a multidisciplinary construction company with expertise spanning industrial, institutional, government, and residential projects.
The company offers end-to-end construction solutions, including civil work, HVAC systems, electrical installations, low voltage systems, security systems, plumbing, firefighting, and fire alarm systems. Their capabilities cover all types of civil construction work from excavation to finishing with external development for residential complexes, bungalows, commercial complexes, infrastructural, pharmaceutical, and industrial buildings.
PSP Projects has built an impressive portfolio of landmark projects that have significantly enhanced its market reputation. The company is currently constructing the world's biggest office complex, the Surat Diamond Bourse (SDB), with a Contract Value of ₹1,575 Crore and 66 Lakhs Sq. Ft Built-up area. SDB is a diamond trade centre located in DREAM City, Surat, Gujarat, India, and is the world's largest diamond trading hub.
The company has successfully executed several other prestigious projects, including the development and beautification of Shri Kashi Vishwanath Dham at Varanasi, Uttar Pradesh, with a bid value of ₹339 crore, and the construction of Palladium Mall in Ahmedabad.
PSP Projects Ltd's stock is listed on both NSE and BSE under the symbol PSPPROJECT. As of May 22, 2025, the market capitalization for NSE is ₹2,406.60 Crore and for BSE is ₹2,406.06 Crore. The 52-week high for the stock is ₹745.75, and the 52-week low is ₹565.40. The company's P/E (price-to-earnings) ratio is 20.64, and the P/B (price-to-book) ratio is 2.77.
The company's recent financial performance shows mixed results:
- Q3 FY2024-25 Net Profit: ₹5.05 crore, representing a decline of 83.75% year-over-year.
- Revenue (as of December 2024): ₹630.21 crore.
- Net Profit (as of December 2024): ₹6.58 crore.
- Order Book Value: ₹6,546 crore.
• Market Capitalization: ₹2,406.60 Crore (as on May 22, 2025)
• 52-Week High: ₹745.75
• 52-Week Low: ₹565.40
• P/E Ratio: 20.64
• P/B Ratio: 2.77
• Q3 FY2024-25 Net Profit: ₹5.05 Crore (down 83.75% YoY)
• Revenue (as of December 2024): ₹630.21 Crore
• Net Profit (as of December 2024): ₹6.58 Crore
• Order Book Value: ₹6,546 Crore
In a significant corporate development, PSP Projects entered into a strategic partnership with Adani Infra (India) Limited, the PMC arm of Adani Group. Adani Infra (India) has signed definitive agreements to acquire up to a 30.07% stake from PSP Project's existing promoter, Prahladbhai S. Patel. The offer price is set at ₹642.06 per share, valuing the deal at approximately ₹662 crore.
This partnership is expected to accelerate PSP Projects' growth trajectory, aiming to propel it into becoming one of the leading EPC companies in India. The collaboration is backed by the Adani Portfolio of companies' plan to invest $100 billion in capex over the next decade, which PSP Projects expects to significantly benefit from.
The company has maintained a strong order book position with significant new project wins. The total order inflow for the financial year 2024-25 till date amounts to ₹3,478.58 crore. Recent major project wins include construction work at Ahmedabad Airport worth ₹223.47 crore and the development of training centres and residential complexes across Gujarat.
While strengthening its presence in Gujarat, PSP Projects is also aggressively expanding its footprint in states like Maharashtra, Rajasthan, and Karnataka. The company has successfully penetrated Uttar Pradesh by securing the prestigious government project for the development and beautification of Shri Kashi Vishwanath Dham at Varanasi.
PSP Projects continues to strengthen its market position through strategic partnerships, quality project execution, and expansion into new geographical markets, positioning itself as a key player in India's growing infrastructure and construction sector.
