{"id":134494,"date":"2022-10-03T08:30:04","date_gmt":"2022-10-03T12:30:04","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134494"},"modified":"2022-10-03T08:30:05","modified_gmt":"2022-10-03T12:30:05","slug":"puravankara-offers-long-term-potential-should-investors-buy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/puravankara-offers-long-term-potential-should-investors-buy\/","title":{"rendered":"Puravankara Offers Long-Term Potential: Should Investors Buy?"},"content":{"rendered":"\n<p>Puravankara Ltd (<a href=\"https:\/\/44.250.171.167\/?post_type=post&amp;s=purva\">NSE: PURVA<\/a>), an Indian real estate company, has turned triumphant and provided a five-year return of more than 30%. Though post-pandemic and due to global hues, the stock has suffered reflecting a 25.43% fall in price over the past year, recent business momentum in the real estate market is expected to come to the rescue.\u00a0<\/p>\n\n\n\n<p>Interestingly, the stock gave a 3-year return of 57.06% as compared to the Nifty Smallcap 100 return of 71.9%.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"548\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-cropped-1024x548.png\" alt=\"\" class=\"wp-image-134496\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-cropped-1024x548.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-cropped-300x161.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-cropped-768x411.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-cropped.png 1121w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As on May 31, 2022, the Indian economy has completely recovered to the pre-pandemic real GDP level of 2019-20. In FY 2021-22, real GDP growth stands at 8.7%, up 1.5% higher than the real GDP in FY 2019-20. As a result, with a revamp in the real estate business, demand for residential properties has jumped on rising urbanization and increasing household income.&nbsp;<\/p>\n\n\n\n<p>According to the Indian Brand Equity Foundation (IBEF), by 2040, the real estate market is likely to rise to Rs 65,000 crore from Rs 12,000 crore in 2019. Additionally, the Indian real estate sector is expected to contribute 13% to the country\u2019s GDP by 2025. Interestingly, retail, hospitality, and commercial real estate have also reflected strong growth, which in turn, provides infrastructure for India&#8217;s increasing needs. As a result, Puravankara is poised to grow with the recovery in the market and provide strong returns to investors.&nbsp;<\/p>\n\n\n\n<p><strong>Fundamental Factors to Consider<\/strong>&nbsp;<\/p>\n\n\n\n<p>With a strong sustainable business model and robust project pipeline across its brands, Puravankara returned to profits in FY 2021-22 from a loss recorded in the prior year. Remarkably, it recorded the highest ever sales value for the company of Rs 2,407 crores in the year.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Pura-profit-1024x1024.png\" alt=\"\" class=\"wp-image-134497\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Pura-profit-1024x1024.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Pura-profit-300x300.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Pura-profit-150x150.png 150w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Pura-profit-768x768.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Pura-profit-250x250.png 250w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Pura-profit.png 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>From a cost perspective, the company has depicted prudent expense management resulting in superior operational efficiency. Total expenses increased marginally or remained stable over the past few quarters.&nbsp;<\/p>\n\n\n\n<p>The company\u2019s positive net cash flow and strong cash levels reflect a robust liquidity profile. Also, the return on capital employed (ROCE) has remained consistent over the last five years in the range of 8-13%.&nbsp;<\/p>\n\n\n\n<p>For income-oriented investors, Puravankara is an attractive bet. It offers an annual dividend yield of 5.37%.&nbsp;<\/p>\n\n\n\n<p><strong>Our View<\/strong>&nbsp;<\/p>\n\n\n\n<p>In the urbanizing world, the company reflects strong business momentum with long-term prospects. The move towards a robust pipeline, operational efficiency, dividend policy, and financial stability of the company depicts strength. As a result, long-term investors might consider the stock as an attractive investment opportunity.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Puravankara Ltd (NSE: PURVA), an Indian real estate company, has turned triumphant and provided a five-year return of more than 30%. Though post-pandemic and due to global hues, the stock has suffered reflecting a 25.43% fall in price over the past year, recent business momentum in the real estate market is expected to come to [&hellip;]<\/p>\n","protected":false},"author":1936,"featured_media":134498,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,5753],"tags":[10443,8892],"class_list":["post-134494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-industrials","tag-puravankara","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134716,"url":"https:\/\/alphastreet.com\/india\/puravankara-shares-soar-on-strong-q2-operational-update-depicts-strong-prospects\/","url_meta":{"origin":134494,"position":0},"title":"Puravankara Shares Soar on Strong Q2 Operational Update; Depicts Strong Prospects","author":"Priti_Ramgarhia","date":"October 17, 2022","format":false,"excerpt":"Shares of Puravankara Ltd (NSE: PURVA) jumped more than 2% on the NSE at the time of writing. The surge in price followed the company\u2019s operational update for the September quarter.\u00a0 The update reflected strong financial performance in the quarter as well as for the six months ended September 30,\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":144687,"url":"https:\/\/alphastreet.com\/india\/puravankara-ltd-a-real-estate-growth-story\/","url_meta":{"origin":134494,"position":1},"title":"Puravankara Ltd.: A Real Estate Growth Story","author":"Karan_Singh","date":"May 1, 2023","format":false,"excerpt":"\u201cIn general, the Indian real estate market is demonstrating robust growth and resurgence with the new facilities arising due to sustained market conditions. The Indian economy is displaying stability, robustness, and we have a positive outlook on it. Our attention on our new projects, we will persist in expanding our\u2026","rel":"","context":"In &quot;Realty&quot;","block_context":{"text":"Realty","link":"https:\/\/alphastreet.com\/india\/category\/realty\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142680,"url":"https:\/\/alphastreet.com\/india\/puravankara-limited-q3fy23-earnings-story\/","url_meta":{"origin":134494,"position":2},"title":"Puravankara Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 10, 2023","format":false,"excerpt":"Property sales are conducted by Puravankara Ltd. under the brands Puravankara, Provident Housing, and Purva Land. Puravankara has finished 78 projects totaling around 44 million square feet as of March 2022 in nine cities: Bangalore, Madras, Hyderabad, Coimbatore, Mangaluru, Kochi, Bombay, Pune, and Goa. In addition to active projects, the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1252224581.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1252224581.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1252224581.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140992,"url":"https:\/\/alphastreet.com\/india\/puravankara-limited-q3fy23-1779-growth-in-profits\/","url_meta":{"origin":134494,"position":3},"title":"Puravankara Limited Q3FY23; 1779% Growth in Profits","author":"Karan_Singh","date":"February 10, 2023","format":false,"excerpt":"Puravankara Ltd.\u2019s revenue in Q3FY23 rose 77% to \u20b9 392 crores. Consolidated Profit After Tax came at \u20b9 22.55 crores in Q3FY23 showcasing a 1,779% rise on an YoY basis. In this quarter\u2019s\u00a0results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":147387,"url":"https:\/\/alphastreet.com\/india\/puravankara-ltd-q4fy23-results-out-revenue-grows-by-31\/","url_meta":{"origin":134494,"position":4},"title":"Puravankara Ltd Q4FY23 results out, revenue grows by 31%","author":"Chirag Gupta","date":"May 26, 2023","format":false,"excerpt":"Puravankara Ltd reported Total revenue for Q4 FY23 of \u20b9389 Crore, up from \u20b9296 Crore year on year depicting a growth of 31%. Consolidated Net Profit of \u20b927 Crore, up 235% from -(\u20b920) Crore in the same quarter of the previous year.\u00a0The Earnings per Share is \u20b91.12, up 232% from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":133446,"url":"https:\/\/alphastreet.com\/india\/everything-you-need-to-know-about-puravankara-limited-at-a-glance\/","url_meta":{"origin":134494,"position":5},"title":"Everything you need to know about Puravankara Limited at a glance","author":"Chirag Gupta","date":"August 25, 2022","format":false,"excerpt":"Stock Data: TickerPURVAExchangeNSE\u00a0IndustryReal Estate Price Performance: Last 5 days-3.61%YTD-30.05%Last 12 months+7.45%As of August 22, 2022 Why is the stock price falling? Puravankara reported the highest ever first-quarter sales of INR 513 crores from ongoing projects with a total area sold standing at 0.69 million square feet. However, net profit plummeted\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1936"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=134494"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/134498"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=134494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=134494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=134494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}