Centrum Capital Ltd.
PNB Investment Services Ltd.
Company Profile
Pranav Constructions Limited is an Indian real estate company established in July 2003. Transitioning to a public limited firm in July 2024, the business specializes in pure-play property redevelopment across the Municipal Corporation of Greater Mumbai (MCGM) area, with a strong operational focus on the Western Suburbs.
Since shifting its focus to redevelopment projects in 2012, the firm has built a capital-efficient model by partnering directly with co-operative housing societies. By managing the full project lifecycle in-house—from planning and approvals to actual construction—the company delivers budget, mid-range, and premium homes. As of March 2026, its portfolio features 65 redevelopment projects spanning roughly 5.01 million square feet of space.
For the year/period ended (Rs. in Cr.)
| FY26 | FY25 | FY24 | |
|---|---|---|---|
| Total Revenue | 763.93 | 638.24 | 449.75 |
| Profit After Tax | 71.32 | 62.25 | 39.62 |
| EPS | 8.18 | 7.22 | 4.66 |
| EBITDA Margin (%) | 17.18 | 15.49 | 13.35 |
| PAT Margin (%) | 9.37 | 9.78 | 8.85 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY26 |
Net Profits(Cr.) FY26 |
|---|---|---|---|---|---|---|
| Pranav Constructions
Limited |
1396.52* | 124 | – | 19.59 | 763.93 | 71.32 |
| Keystone Realtors Ltd | 4734 | 375 | 1.65 | 40.3 | 2635 | 95 |
| Godrej Properties Ltd | 57659 | 1914 | 3.04 | 35.7 | 5131 | 1841 |
| Lodha Developers Ltd | 117574 | 1177 | 5.05 | 28.5 | 16676 | 3431 |
| Suraj Estate
Developers Limited |
903 | 189 | 0.90 | 9.83 | 556 | 90 |
*Market cap @upper band
The Company PRANAV CONSTRUCTIONS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO Rs. 124, the stock is valued at 19.59 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.