1. At a Glance
Gujarat-based PSP Projects has constructed 219 projects, secured awards, and built a precast facility—but can it construct investor confidence when profits are crumbling and margins are melting like bitumen in May?
2. Introduction with Hook
Imagine a builder so fast they win awards, so diversified they build for the government and the private sector alike, and so… modest they forget to pay dividends.
Meet PSP Projects—India’s “Fastest Growing Construction Company (Sub ₹2000 Cr)” in 2023. But behind the concrete exterior:
- Net profit dropped by 54% in FY25
- Margins shrank from 15% in FY22 to 7% in FY25
- Promoters offloaded 10% in 3 years
Looks like this construction story has more cracks than a builder’s handshake promise.
3. Business Model (WTF Do They Even Do?)
PSP Projects = All Things Infra (except roads & bridges)
Sectors served:
- Industrial: Factories, plants
- Institutional: Hospitals, education, healthcare
- Government: Urban housing, smart cities
- Real estate (small scale): Limited, non-core
Geography: Primarily Gujarat, now expanding into Maharashtra, UP, and South India.
Value Add:
- In-house design + precast construction tech
- Full EPC capabilities (except BOT)
New Angle: Mid-scale real estate projects in the USA
