PARSVNATHConsumer Discretionary

Parsvnath Developers Limited

Residential, Commercial Projects · ISIN INE561H01026 · BSE 532780 · NSE BE · FV ₹5
Last price
₹2
+1.69%today
What this company does

Parsvnath Developers Limited operates in Residential, Commercial Projects, part of the Consumer Discretionary sector. It booked ₹61 cr of revenue in its latest quarter (Q3 FY26) and kept -234.8% of sales as profit.

In the report:
27out of 100
Equitytale Health Score
Fragile

Healthier than 27% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 69–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
71

At close. Not part of the score.

Profitability & returns4

How much profit it earns on the money it employs

Balance sheet13

How much it owes, and whether earnings cover the interest

Cash quality75

Whether reported profit actually arrives as cash

Growth & consistency3

Whether sales and profit have grown, and how steadily

Governance & risk77

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 47%
Watch-outs
! Currently loss-making
! Thin -234.8% net margin
! 14.3% of promoter stake pledged

What if I invest in PARSVNATH?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2 +1.69%
latest close · 2026-09-17
1-year return
-85.0%
52-wk low ₹152-wk high ₹27
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
EV / EBITDA253.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on capital-8.7%Loss
WeakFairStrong
Net margin-234.8%Loss
ThinDecentStrong
EBITDA margin4.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover-0.2×Risky
RiskyOkayStrong ▸5×
Current ratio0.76Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹79 cr
Book value
₹-52
EPS
₹-3.29
latest quarter
Net debt
₹2,866 cr
owes more than its cash
Enterprise value
₹2,945 cr
EBITDA
₹12 cr
annualised
EBIT
₹-82 cr
annualised
Operating margin
-33.5%
Return on assets
-10.7%
Earnings yield
P/S
0.32
Sales / share
₹5.6
Tax rate
Face value
₹5
Shares
43.5 cr
Working capital
₹-1,080 cr
Current assets
₹3,352 cr
Current liabilities
₹4,432 cr
Delivery %
64.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q3 FY26 (consolidated)
Revenue from Operations₹61 cr
Other Income₹7 cr
Total Income₹68 cr
Cost of Materials₹3 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹8 cr
Employee Benefit Expense₹4 cr
Finance Costs₹129 cr
Depreciation & Amortisation₹23 cr
Other Expenses₹50 cr
Total Expenses₹217 cr
Profit before Tax₹-149 cr
Tax Expense₹0 cr
Share of JV / Associates₹1.1 L
Net Profit₹-149 cr
Net margin on total income-219.9%
Where the money goes · Q3 FY26
% of total spend
Materials + stock-in-trade₹11 cr4.9%
Employee benefit expense₹4 cr1.8%
Finance costs₹129 cr59.3%
Depreciation & amortisation₹23 cr10.7%
Other expenses₹50 cr23.2%
Total income ₹68 cr

The company made a net loss of ₹149 cr this quarter — income covered only 31 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ1 FY26Q2 FY26Q3 FY26
Revenue63 cr54 cr61 cr
Total income65 cr55 cr68 cr
Expenses188 cr207 cr217 cr
Profit before tax-53 cr-152 cr-149 cr
Tax6 cr2 cr0 cr
Net profit (owners' share)-59 cr-154 cr-143 cr
Net margin (owners' share, on revenue)-93.6%-285.0%-234.8%
EPS (₹)-1.36-3.53-3.29
YoY (latest quarter): total income +13.5% · net profit
Balance sheet & cash flow · as of Sep 2025
Total assets
₹5,377 cr
Shareholder equity
₹-2,254 cr
parent shareholders
Total debt
₹2,891 cr
Cash
₹25 cr
Cash flow · H1 FY26
Operating
₹83 cr
Investing
₹-29 cr
Financing
₹-60 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹640₹1.58 L cr49.8
Lodha Developers Limited₹1,103₹1.10 L cr20.1
The Phoenix Mills Limited₹1,872₹66,957 cr56.4
Oberoi Realty Limited₹1,741₹63,292 cr29.1
Prestige Estates Projects Limited₹1,440₹62,025 cr65.7
Godrej Properties Limited₹1,678₹50,551 cr36.1
Anant Raj Limited₹597₹21,482 cr35.9
Brigade Enterprises Limited₹621₹20,251 cr25.3
Horizon Industrial Parks Limited₹52₹12,779 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
14.3% pledged
Promoter
46.7%
FII / Foreign
1.2%
DII / Domestic
0.0%
Retail / others
52.1%
Promoter stake down 19.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtParasnath and Associates Private Limited · Promoters2.54 cr · ₹15.0 cr2 Apr 26
SoldPRADEEP KUMAR JAIN & SONS HUF · Promoters10.00 L · ₹68.0 L10 Mar 26
SoldParasnath and Associates Private Limited · Promoters2.54 cr · ₹59.5 cr11 Feb 25
Bulk / block deals
SoldEARC TRUST SC 453 · NSE49.34 L @ ₹1.4327 Aug 26
SoldEARC TRUST SC 453 · NSE38.91 L @ ₹1.4126 Aug 26
BoughtNEO APEX SHARE BROKING SERVICES LLP · NSE59.55 L @ ₹1.3525 Aug 26
Stake changes
SoldIDBI Trusteeship Services Limited→ 1.58% · 1.59 cr26 May 26
SoldEdelweiss Asset Reconstruction Company Limited in the capacity as trustee of EARC TRUST SC 453 holding securities for the benefit of SR holders of the respective Trusts→ 5.26% · 87.04 L29 Dec 25
SoldIDBI Trusteeship Services Limited→ 5.22% · 88.91 L22 Dec 25
Promoter pledges
ReleasedVistra ITCL ( India) Limited87.66 L · 5.59% held17 Aug 23
InvokedEdelweiss Broking Limited25.00 L · 14.62% held30 Aug 22
InvokedEdelweiss Broking Limited25.00 L · 15.19% held19 Aug 22
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.22 cr votes for, 2,358 against
2
To appoint a Director in place of Dr. Rajeev Jain (DIN: 00433463), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.22 cr votes for, 2,568 against
3
To Ratification of Remuneration of M/S Chandra Wadhwa & Co., Cost Accountants, Cost Auditors of the Company, for the Financial Year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
1.22 cr votes for, 2,632 against
4
Private Placement of Non- Convertible Debentures
Backed by 100% of shareholders other than promotersneeded 75%
1.22 cr votes for, 8,479 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 46.7% between them · as of 2026-06-30
PRADEEP KUMAR JAIN & SONS HUF14.87%
NUTAN JAIN10.31%
PRADEEP KUMAR JAIN6.84%
PARASNATH AND ASSOCIATES PVT. LTD.5.83%
PRANAV JAIN4.62%
NEHA JAIN4.16%
AJAY KUMAR JAIN0.03%
NEELAM JAIN0.01%
Business done with them
FY2025 · 3 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.7% of its ₹254 cr revenue.
PARASNATH AND ASSOCIATES PRIVATE LIMITED
Other payments to them · Purchase of Investments / Shares
also owns 5.83% of the company
₹1 cr
company paid
Nutan Jain
Other payments to them · Rent paid (Expense)
also owns 10.31% of the company
₹33.4 L
company paid
Pradeep Kumar Jain
Other payments to them · Other payables and Garuntee for Loans
also owns 6.84% of the company
₹8.3 L
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.