Pranav Constructions Limited

NSE: PRANAV · Realty

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52W Range₹83 – ₹165

Snapshot

Unlock Pranav Constructions Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Pranav Constructions Limited is a real estate development company in India specializing in pure-play redevelopment projects. Its operations are predominantly focused in the Western Suburbs of the Municipal Corporation of Greater Mumbai region, delivering residential portfolios that range from economical to aspirational homes.

Business Model

The company enters into redevelopment agreements with co-operative housing societies to execute residential projects from initiation to completion using an integrated in-house model. It generates revenue through the development and sale of residential units targeted at economical, mid, mass, and aspirational market segments.

  • Completed Projects:28
  • Under-Construction Projects:20
  • Upcoming Projects:17

Management Commentary

Led by promoters Pranav Kiran Ashar and Ravi Ramalingam, the company has actively expanded its redevelopment portfolio since 2012.

Growth Outlook

Growth is driven by a robust pipeline of under-construction and upcoming redevelopment projects representing significant developable area across Mumbai's Western Suburbs.

  • Under-Construction Developable Area:1.63 million square feet
  • Upcoming Developable Area:1.96 million square feet

Key Risks

  • Execution and Delay Risk. Delays in obtaining statutory approvals and clearances from co-operative housing societies can stall project timelines and inflate costs.
  • Geographic Concentration. Operations are heavily concentrated in the Western Suburbs of Mumbai, making the company vulnerable to local regulatory changes and market downturns.
  • Real Estate Cyclicality. Demand for residential real estate is subject to macroeconomic cycles, interest rate fluctuations, and consumer sentiment.

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Peers · Realty

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Pranav Constructions LimitedPRANAV
₹1,013 Cr———17.0%———
Shriram PropertiSHRIRAMPPS
₹1,106 Cr12.1×8.8637.0%14.2%6.5%10.9%-31.1%
UnitechUNITECH
₹1,026 Cr-0.4×123.7545.7%13.1%36.9%2.8%-43.6%
B-Right Realestate LimitedBRRL
₹964 Cr———39.0%——+162.8%
Arihant Superstructures LimitedARIHANTSUP
₹901 Cr21.2×14.444.8%21.7%11.9%10.4%-49.9%
Suraj Estate Developers LimitedSURAJEST
₹856 Cr10.1×7.52—36.8%8.2%13.4%-38.1%

As of Mar 2026

Financials