Pansari Developers Ltd. (PANSARI) AI Stock Analysis

Pansari Developers Ltd.

(NSE:PANSARI)

Select Model

Rating:61Neutral

Price Target:INR 275.00▲(5.36% Upside)

Action:reiterated

Date:08/19/26

The score is driven mainly by strong recent earnings growth, improved margins, and better ROE on a solid, expanding asset base, offset by significant and recurring cash-flow volatility that raises financial risk. Technicals point to a consolidating, mildly weak short-term trend within a supportive medium-term structure, while a relatively rich P/E without visible dividend support limits upside, keeping the overall score in the low 60s rather than a higher rating.

Positive Factors

Revenue rebound and profitabilityThe sharp FY2026 revenue rebound, combined with a healthy net margin, indicates stronger recent project monetization and earnings capacity. If execution remains consistent, this improved scale can support reinvestment and strengthen the company’s ability to compound profits over the next several quarters.

Negative Factors

Weak cash conversionNegative operating and free cash flow in the two latest fiscal years shows that reported profits are not consistently converting into cash. This can restrict internally funded development, increase reliance on financing, and expose the company to greater execution or collection pressure as projects progress.

Pansari Developers Ltd. (PANSARI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.55B
Dividend Yield: ―
Average Volume (3M): 833
Price to Earnings (P/E): 23.1
Beta (1Y): 1.21
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 33
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Pansari Developers Ltd. Business Overview & Revenue Model

Company Description

Pansari Developers Limited, an Indian enterprise, is dedicated to the construction and development of real estate. The company primarily concentrates on delivering residential and commercial properties, focusing its operations within the Kolkata metr...

Pansari Developers Ltd. Financial Statement Overview

Summary

Recent years show strong revenue and profit growth with healthy margins and improving ROE on a growing, asset-backed balance sheet, but persistent volatility and negative operating/free cash flows in several recent periods materially constrain the overall financial strength.

Income Statement

78Positive

Balance Sheet

72Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	961.01M	961.01M	399.73M	564.87M	162.92M	537.12M
Gross Profit	164.17M	140.75M	113.50M	80.07M	-24.16M	17.59M
EBITDA	160.54M	148.23M	174.72M	125.03M	53.66M	80.66M
Net Income	198.90M	198.90M	75.01M	52.08M	20.11M	36.42M
Balance Sheet
Total Assets	4.84B	4.84B	4.11B	3.27B	2.87B	2.20B
Cash, Cash Equivalents and Short-Term Investments	29.64M	29.64M	1.19B	26.24M	7.97M	11.10M
Total Debt	1.00B	1.00B	1.01B	861.11M	814.92M	541.79M
Total Liabilities	3.30B	3.30B	2.76B	2.00B	1.65B	1.01B
Stockholders Equity	1.54B	1.54B	1.34B	1.27B	1.21B	1.19B
Cash Flow
Free Cash Flow	389.36M	-160.68M	-191.31M	-3.91M	-273.05M	67.69M
Operating Cash Flow	389.54M	-90.08M	-168.79M	111.80M	-241.75M	99.66M
Investing Cash Flow	34.04M	104.48M	16.04M	-95.83M	-52.21M	1.29M
Financing Cash Flow	-395.88M	-6.65M	148.41M	2.30M	265.21M	-78.42M

Pansari Developers Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price261.00

Price Trends

50DMA281.40Negative

100DMA302.46Negative

200DMA296.06Negative

Market Momentum

MACD-7.48Negative

RSI47.59Neutral

STOCH60.46Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PANSARI, the sentiment is Neutral. The current price of 261.00 is above the 20-day moving average (MA) of 258.59, below the 50-day MA of 281.40, and below the 200-day MA of 296.06, indicating a neutral trend. The MACD of -7.48 indicates Negative momentum. The RSI at 47.59 is Neutral, neither overbought nor oversold. The STOCH value of 60.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PANSARI.

Pansari Developers Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:PANSARI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GEECEE	70Outperform	INR 7.19B	15.85	―	0.59%	-6.32%	17.82%
IN:PANSARI	61Neutral	INR 4.55B	23.08	―	―	―	―
IN:NILASPACES	59Neutral	INR 4.05B	12.97	―	―	19.93%	59.69%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PARSVNATH	54Neutral	INR 1.31B	-0.36	―	―	-5.41%	22.14%
IN:EMAMIREAL	41Neutral	INR 3.46B	-1.93	―	―	11.98%	15.57%
IN:PENINLAND	38Underperform	INR 4.38B	-2.78	―	―	-46.10%	-292.11%

* General Sector Average

Performance Comparison

IN:PANSARI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:PANSARI	Pansari Developers Ltd.	261.00	-1.05	-0.40%
IN:EMAMIREAL	Emami Realty Limited	66.55	-29.92	-31.01%
IN:GEECEE	GeeCee Ventures Limited	343.70	1.07	0.31%
IN:NILASPACES	Nila Spaces Ltd.	10.28	-7.37	-41.76%
IN:PARSVNATH	Parsvnath Developers Limited	3.00	-14.01	-82.36%
IN:PENINLAND	Peninsula Land Limited	13.20	-21.38	-61.83%

Pansari Developers Ltd. Corporate Events

Pansari Developers Publishes Notice for 30th AGM in Kolkata Dailies

Sep 7, 2026

Pansari Developers Ltd., which operates under the Purti Realty brand from Kolkata, is a listed real estate developer serving regional markets. The company focuses on property development and maintains a structured compliance and governance setup, ref...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026

Pansari Developers Ltd. AI Stock Analysis