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Pansari Developers Ltd.
(PANSARI)
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Rating:54Neutral
Price Target:
₹272.00
▼(-13.65% Downside)
Action:Reiterated
Date:07/30/26
The score is primarily constrained by weak cash-flow quality (negative operating and free cash flow in the last two years) despite a strong FY2026 revenue rebound and improved ROE. Technically, the stock remains above key longer-term moving averages but shows near-term softness versus the 20-day average, while valuation is somewhat demanding at ~31x earnings without a dividend yield to offset risk.
Positive Factors
Revenue rebound and profitability
The sharp FY2026 revenue rebound, combined with a healthy net margin, indicates stronger recent project activity and improved earnings capacity. If sales remain resilient, this profitability can support reinvestment, strengthen the operating base, and improve the company’s ability to absorb normal real-estate cyclicality.
Negative Factors
Weak cash conversion
Repeated negative operating and free cash flow shows that reported profits are not consistently converting into cash. This can constrain self-funded development, increase reliance on financing, and expose the company to working-capital and project-timing risks even when accounting earnings appear healthy.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and profitability
The sharp FY2026 revenue rebound, combined with a healthy net margin, indicates stronger recent project activity and improved earnings capacity. If sales remain resilient, this profitability can support reinvestment, strengthen the operating base, and improve the company’s ability to absorb normal real-estate cyclicality.
Read all positive factors
Pansari Developers Ltd. (PANSARI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.66B
Dividend YieldN/A
Average Volume (3M)698.00
Price to Earnings (P/E)22.7
Beta (1Y)1.20
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees33
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)11.40
Shares Outstanding17,446,800
10 Day Avg. Volume468
30 Day Avg. Volume698
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.86
Price to Sales (P/S)4.59
P/FCF Ratio-27.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 m...
Pansari Developers Ltd. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
62
Positive
Cash Flow
33
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 961.01M | 399.73M | 564.87M | 162.92M | 537.12M |
| Gross Profit | 140.75M | 113.50M | 80.07M | -24.16M | 17.59M |
| EBITDA | 148.23M | 174.72M | 125.03M | 53.66M | 80.66M |
| Net Income | 198.90M | 75.01M | 52.08M | 20.11M | 36.42M |
Balance Sheet | |||||
| Total Assets | 4.84B | 4.11B | 3.27B | 2.87B | 2.20B |
| Cash, Cash Equivalents and Short-Term Investments | 29.64M | 1.19B | 26.24M | 7.97M | 11.10M |
| Total Debt | 1.00B | 1.01B | 861.11M | 814.92M | 541.79M |
| Total Liabilities | 3.30B | 2.76B | 2.00B | 1.65B | 1.01B |
| Stockholders Equity | 1.54B | 1.34B | 1.27B | 1.21B | 1.19B |
Cash Flow | |||||
| Free Cash Flow | -160.68M | -191.31M | -3.91M | -273.05M | 67.69M |
| Operating Cash Flow | -90.08M | -168.79M | 111.80M | -241.75M | 99.66M |
| Investing Cash Flow | 104.48M | 16.04M | -95.83M | -52.21M | 1.29M |
| Financing Cash Flow | -6.65M | 148.41M | 2.30M | 265.21M | -78.42M |
Pansari Developers Ltd. Technical Analysis
Negative
315.00
Price Trends
301.37
Negative
305.42
Negative
299.52
Negative
Market Momentum
-10.40
Positive
39.21
Neutral
41.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PANSARI, the sentiment is Negative. The current price of 315 is above the 20-day moving average (MA) of 278.58, above the 50-day MA of 301.37, and above the 200-day MA of 299.52, indicating a bearish trend. The MACD of -10.40 indicates Positive momentum. The RSI at 39.21 is Neutral, neither overbought nor oversold. The STOCH value of 41.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PANSARI.
Pansari Developers Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹7.18B | 15.26 | ― | 0.59% | -6.32% | 17.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹4.33B | 13.71 | ― | ― | 31.15% | 72.83% | |
54 Neutral | ₹4.66B | 22.74 | ― | ― | ― | ― | |
54 Neutral | ₹1.00B | -0.28 | ― | ― | -5.41% | 22.14% | |
46 Neutral | ₹4.87B | -3.08 | ― | 0.98% | -46.10% | -292.11% | |
41 Neutral | ₹3.53B | -1.98 | ― | ― | 11.98% | 15.57% |
* General Sector Average
IN:PANSARI
Pansari Developers Ltd.
266.95
10.00
3.89%
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-57.28%
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, ...
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.