Can Be MultiFold The Parsvnath Developers Ltd is engaged in t | Equity99

Can Be MultiFold

The Parsvnath Developers Ltd is engaged in the business of promotion, construction and development of integrated Residential, Retail and Commercial Real Estates, Townships, IT parks, hotels and SEZs.

*Busuness Restructuring*
Company is mainly focusing on regular income yielding assets and fee-based income to improve the regularity of cash flow. The Company is also focusing on selling non-strategic assets and land parcels to reduce its debt exposure. It is also expected to bring in partners/investors for specific projects. It is focusing on forming the SPVs to handle debt efficiently.

Company is available at Mcap of 966Cr against Enterprise value of 4501Cr. Company has been generating positive operating cash flows for last 4 years. Promoters are majority stake holders holding 69.14% stake. FII increased stake in Q2FY22. Considering company reducing its debt and restructuring its business we see it as a potential turnaround candidate.