Punj LLoyd share price

BSE: 532693Construction

Punj LLoyd Ltd · Face value ₹2 · Listed Jan 2006

Trading suspended since 7 Oct 2022

Last traded ₹2.25 on 6 Oct 2022

Latest announcements

Routine notices left out.

  1. Oct 2026

  2. Sep 2026

Share price history

Daily closes since Mar 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses. Earlier closes are left out: on 29 Mar 2007 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Q1 results, quarter to Jun 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

Revenue
₹16 Cr
Operating profit
−₹7.21 Cr
Net profit
−₹7.66 Cr
Earnings per share
−₹153.06
Operating margin
−45.5%
Net margin
−48.3%

From revenue to net profit, ₹ crore

  1. Revenue16
  2. Materials and goods−2.3
  3. Employee costs−2.7
  4. Other expenses−18
  5. Operating profit−7.2
  6. Depreciation−0.4
  7. Other income+2.8
  8. Finance costs−2.9
  9. Profit before tax−7.7
  10. Tax0.0
  11. Net profit−7.7

Punj LLoyd results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 2616−7.7Jun 26

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
−45.5%−48.3%−45.5%−48.3%Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 26
₹ croreJun 2026Q1
Revenue from operations15.9
23.1
Materials and goods bought2.3
Employee costs2.7
Other expenses18.0
Operating profit before depreciation−7.2
Operating margin−45.5%
Depreciation and amortisation0.4
Other income2.8
Finance costs2.9
One-off items0.0
Profit before tax−7.7
Tax0.0
Net profit−7.7
Net margin−48.3%
Earnings per share−₹153.06
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Sep 2021, Dec 2021, Mar 2022, Jun 2022, Sep 2022, Dec 2022, Mar 2023, Jun 2023, Sep 2023, Dec 2023, Mar 2024, Jun 2024, Sep 2024, Dec 2024, Mar 2025, Jun 2025, Sep 2025, Dec 2025 and Mar 2026.

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
4,867−920Mar 175,080−72Mar 182,134−11,3466,692Mar 191,826−7239,324Mar 201,236−1,6659,679Mar 211,015−2,37110,060Mar 22856−34010,149Mar 23348−44510,037Mar 24164−49910,043Mar 25196−1,551383Mar 26
Peak revenue ₹5,080 Cr, year to Mar 2018; lowest ₹164 Cr, year to Mar 2025A loss in 10 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
18.9%−792.4%−20.9%−9.6%−432.8%18.9%−27.7%−82.8%−38.0%−112.4%−349.4%−152.2%−18.9%−1.4%−531.8%−39.6%−134.7%−233.6%−39.7%−128.0%−303.7%−792.4%Mar 17Mar 19Mar 21Mar 23Mar 25Mar 26

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.1% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

  1. Revenue196
  2. Materials and goods−15
  3. Employee costs−17
  4. Other expenses−461
  5. Operating profit−298
  6. Depreciation−7.9
  7. Other income+76
  8. One-off items−1,312
  9. Finance costs−4.7
  10. Profit before tax−1,546
  11. Tax0.0
  12. Joint ventures−4.2
  13. Net profit−1,551

What the company owns

  • Receivables₹846 Cr
  • Plant, investments and other assets₹542 Cr
  • Cash and bank₹254 Cr
  • Inventory₹7 Cr

What pays for it: net worth and liabilities

  • Other liabilities₹974 Cr
  • Borrowings₹383 Cr
  • Owed to suppliers₹292 Cr

Profit and loss

Consolidated, ₹ crore, years to March.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue from operations4,8675,0802,1341,8261,2361,015856348164196
5,8835,56811,3681,4811,5791,8551,181739739494
Materials and goods bought1,7382,2361,5892412325115482115
Employee costs––606266103652413217
Other expenses––9,1739741,2431,8441,014649685461
Operating profit before depreciation−1,016−487−9,234344−343−840−325−391−574−298
Operating margin−20.9%−9.6%−432.8%18.9%−27.7%−82.8%−38.0%−112.4%−349.4%−152.2%
Materials, % of revenue––74.5%13.2%18.8%0.5%13.4%13.9%12.9%7.8%
Employee costs, % of revenue––28.4%14.6%8.4%0.6%6.1%11.9%19.8%8.6%
Other expenses, % of revenue––429.9%53.4%100.6%181.7%118.4%186.6%416.7%235.8%
Depreciation and amortisation221194121883631291598
Operating profit after depreciation−1,236−681−9,356256−378−871−354−406−584−306
Other income1,355505650383110681052411976
Finance costs1,0181,0871,4361,3241,4041,5638341175
Profit before one-off items and tax−900−1,264−10,142−685−1,672−2,367−331−423−482−234
One-off items000000000−1,312
Profit before tax−900−1,264−10,142−685−1,672−2,367−331−423−482−1,546
−35−1,2021,2092−248000
Share of profit of joint ventures and associates–−105−36600−22−17−4
−920−72−11,346−723−1,665−2,371−340−445−499−1,551
Other comprehensive income––−26158676−19443896855−544
Total comprehensive income––−11,372−565−988−2,390104451356−2,094
Net margin−18.9%−1.4%−531.8%−39.6%−134.7%−233.6%−39.7%−128.0%−303.7%−792.4%
Net margin without joint ventures and associates–−1.2%−532.0%−37.6%−135.2%−233.6%−39.7%−121.6%−293.1%−790.2%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Belonging to the company's shareholders is left blank for the year to Mar 2026: the filing's split of the profit between the company's shareholders and the other owners of its subsidiaries is contradicted by its own figures, which do not prove which line is the shareholders'.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
−13,471−14,032−15,663−17,351−17,146−17,804−17,607−886
−13,462−14,027−15,712−17,391−17,184−17,838−17,638−915
Share capital676767676767670
Reserves−13,529−14,094−15,779−17,458−17,251−17,905−17,706−915
Belonging to outside owners of subsidiaries−9−5494037343129
6,6929,3249,67910,06010,14910,03710,043383
16,13416,41317,79019,21118,96619,17618,7212,536
392411334265184330
Total assets3,0552,7922,4602,1252,0031,3741,1161,650
1,433993932761657285265103
1,6221,7991,5281,3641,3471,0898511,547
Net debt6,3798,8679,2819,6379,7789,7589,858129
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
−1,248−430−390−742−493−246−79−116
−1,234815875695−499−234−117−65
3,3162678431,508−42719060−102
Receivables191−898681−71−25174862
Inventories−76401611143−6
Payables980−333−25−171−160−133−239−681
Other working capital2,2216497661,586−198344123−277
Tax paid−15332837981−64
Interest paid0−1,361−1,366−1,505−79−31−90
Capital spending13703383185337344
Free cash flow−1,385−430−423−824−678−279−152−160
−1644550445186182−109223
1,1566125438089458−1
Dividends paid00000000
Shares bought back00000000
Shares issued00000000
Net change in cash−25786−13584−218−61−130107
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017 and Mar 2018.

Per share

Consolidated, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Earnings per share−₹27.70−₹2.28−₹337.64−₹21.68−₹51.15−₹70.43−₹10.05−₹13.17−₹14.79−₹47.17
Diluted earnings per share−₹27.70−₹2.28−₹337.64−₹21.68−₹51.15−₹70.43−₹10.05–−₹14.79−₹47.17
Book value per share––−₹401.13−₹417.98−₹468.19−₹518.20−₹512.03−₹531.53−₹525.58−₹18,298.60
Shareholder yield––0.0%0.0%0.0%0.0%––––
Market cap at the year end (₹ crore)643–69295072––––

Ratios

Consolidated, years to March.

RatioMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue growth12.7%4.4%−58.0%−14.4%−32.3%−17.9%−15.6%−59.4%−52.7%19.0%
––84.4%5.3%11.5%14.3%2.0%2.5%2.8%–
–––−79.1 pts6.2 pts2.7 pts−12.3 pts0.6 pts0.3 pts–
From the net margin–––−78.0 pts13.2 pts7.8 pts−11.8 pts4.4 pts3.5 pts–
From asset turnover–––−0.7 pts−4.5 pts−1.2 pts−0.2 pts−3.2 pts−2.2 pts–
From borrowing–––−0.4 pts−2.4 pts−3.9 pts−0.3 pts−0.6 pts−1.0 pts–
Interest cover–––0.2––––––
Receivable days––831151441141654335301,579
Inventory days––175229577222513170
Payable days––8405,1465,2982,29,1949,65621,72247,8097,005
Cash conversion cycle, days––−740−4,979−5,124−2,28,503−9,469−21,263−47,266−5,257
Working capital days––−1,450−1,230−2,160−3,048−3,419−8,738−17,786−1,603
Asset turnover––0.700.620.470.440.410.210.130.14
Assets per rupee of net worth––−0.23−0.21−0.18−0.14−0.12−0.10−0.07−0.15
Sales per rupee of plant––3.505.974.584.265.072.261.1846.37
Capital spending to depreciation––1.130.000.922.646.462.168.055.50
Plant being built, % of plant in use––13.5%25.9%29.4%0.0%0.0%0.0%0.0%0.0%
Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Measure10 years5 years3 years
Revenue growth, yearly rate−26.6%−30.8%−38.9%
Return on equity, average–5.4%2.7%
Operating margin, average−120.7%−146.9%−204.6%
Net margin, average−222.4%−299.5%−408.0%
Asset turnover, average–0.270.16
Cash conversion cycle, days, average–−62,352−24,595

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore5 years3 yearsLatest year
Cash from operations−1,676−442−116
Cash from investing928296223
Cash from financing53061−1
Capital spending41714944
Dividends paid000
Shares bought back000
Shares issued for cash000
Borrowings raised215640
Borrowings repaid7471260

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9––344336
Altman Z-scorePublished threshold 1.81−20.60−11.94−16.77−22.35––––
Beneish M-scorePublished threshold −1.78–−3.00−4.97−6.74−1.76−2.55−4.58−4.49
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–−25.58−48.56−90.48−1.60−22.57−24.97−119.87
Receivables growth less revenue growthOur threshold 0 percentage points–32.7417.06−17.1738.0165.9110.60235.19
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–30.62−42.0841.19−2,169.376.52−22.24899.70
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–−0.55−8.84−0.65−4.04−53.8019.506.58
Assets under construction, years of additionsOur threshold 2 years of additions–––––0.00––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2026 the company reports one business segment, EPC, which carries all its revenue.

Who owns Punj LLoyd, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Sep 2026.

Sep 2026 filing

  • Promoters95.00%
  • Foreign institutionsNone
  • Indian institutionsNone
  • GovernmentsNone
  • Individuals and others5.00%

Shareholding pattern, per cent, from Sep 2022

  • Promoters
  • Foreign institutions
  • Indian institutions
  • Governments
  • Individuals and others
95.00%0.23%7.69%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%95.00%95.00%95.00%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%2.36%2.30%2.30%2.30%2.30%2.30%2.30%2.30%2.30%2.30%2.30%2.30%2.30%89.72%83.55%83.55%83.55%83.55%83.55%83.55%83.55%83.55%83.55%83.55%83.55%83.55%5.00%5.00%5.00%Sep 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 26
Per centSep 2021Dec 2021Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
7.69%7.69%7.69%7.69%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%13.93%95.00%95.00%95.00%
Indian promoters2.84%2.84%2.84%2.84%9.07%9.07%9.07%9.07%9.07%9.07%9.07%9.07%9.07%9.07%9.07%9.07%95.00%95.00%95.00%
Foreign promoters4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%4.85%–––
92.31%92.31%92.31%92.31%86.07%86.07%86.07%86.07%86.07%86.07%86.07%86.07%86.07%86.07%86.07%86.07%5.00%5.00%5.00%
Shares in issue33,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,74533,55,95,7455,00,0005,00,0005,00,000
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Punj LLoyd shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

2,52,387Sep 212,51,921Dec 212,48,838Jun 222,46,139Sep 222,45,911Mar 232,45,844Jun 232,45,797Sep 232,45,735Dec 232,45,649Mar 242,45,607Jun 242,45,552Sep 242,45,498Dec 242,45,432Mar 252,45,374Jun 252,45,325Sep 252,45,278Dec 252Mar 262Jun 262Sep 26
ShareholdersSep 2021Dec 2021Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
All shareholders2,52,3872,51,9212,48,8382,46,1392,45,9112,45,8442,45,7972,45,7352,45,6492,45,6072,45,5522,45,4982,45,4322,45,3742,45,3252,45,278222
7777888888888888111
Indian promoters5555666666666666111
Foreign promoters2222222222222222–––
2,52,3802,51,9142,48,8312,46,1322,45,9032,45,8362,45,7892,45,7272,45,6412,45,5992,45,5442,45,4902,45,4242,45,3662,45,3172,45,270111
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

Punj LLoyd promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Adani Infra (India) Limited, 95.00%.

Holder
Adani Infra (India) LimitedIndian companies, trusts and others95.00%4,75,0000
No promoter shares are reported as pledged. In demat is the part of the holding kept electronically; the rest is paper certificates.

Largest public holders of Punj LLoyd, filing by filing

Per cent, on the same shares as the split above.

HolderSep 2021Dec 2021Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Dincum Growth Fund MauritiusForeign companies––––––––––––––––5.00%5.00%5.00%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%1.74%–––
RAMAKRISHNA REDDY CHINTAResident individuals, over ₹2 lakh at face value1.24%1.24%1.24%1.73%1.73%1.73%1.73%1.73%1.73%1.73%1.73%1.73%1.73%1.73%1.73%1.73%–––
UDAY PUNJResident individuals, over ₹2 lakh at face value6.20%6.20%6.20%6.20%–––––––––––––––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

Punj LLoyd dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2026.

Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2012₹0.15₹0.15
2011₹0.15₹0.15
2010₹0.15₹0.15
2009₹0.30₹0.30
2008₹0.40₹0.40
2007₹0.30₹0.30

Interim or final dividendSpecial dividendNone that month

Punj LLoyd dividend history

Every payment with its ex-date and record date, year by year.

2012

  • Jul23Mon

    ₹0.15Final

    Ex-date 23 Jul 2012 · books closed to 31 Jul 2012

    0.28%of the price

2011

  • Aug3Wed

    ₹0.15Final

    Ex-date 3 Aug 2011 · books closed to 12 Aug 2011

    0.22%of the price

2010

  • Jul23Fri

    ₹0.15Final

    Ex-date 23 Jul 2010 · books closed to 2 Aug 2010

    0.11%of the price

2009

  • Jul20Mon

    ₹0.30Final

    Ex-date 20 Jul 2009 · books closed to 28 Jul 2009

    0.14%of the price

2008

  • Jul17Thu

    ₹0.40Final

    Ex-date 17 Jul 2008 · books closed to 28 Jul 2008

    0.21%of the price

2007

  • Jul18Wed

    ₹0.30Final

    Ex-date 18 Jul 2007 · books closed to 27 Jul 2007

    0.11%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.

Punj LLoyd share price by year

Each calendar year to 2022.

YearClose at year endChangeHighest closeLowest close
20222.25−43.0%4.101.65
20213.95+79.5%4.351.25
20202.20+100.0%2.400.80
20191.10−73.8%4.400.85
20184.20−82.6%27.603.60
201724.20+29.1%25.0017.80
201618.75−31.1%30.6517.80
201527.20−27.1%39.8021.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2022 close is its last trade, on 6 Oct 2022.

Recent sessions

The 10 trading days to 6 Oct 2022, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
6 Oct 20222.202.252.152.252.212,44,236
4 Oct 20222.302.402.202.252.232,36,678
3 Oct 20222.252.402.252.302.303,62,846
30 Sep 20222.352.452.352.352.355,95,110
29 Sep 20222.552.552.452.452.472,56,847
28 Sep 20222.552.702.552.552.585,54,781
27 Sep 20222.652.652.652.652.651,92,324
26 Sep 20222.852.852.752.752.783,34,796
23 Sep 20222.903.052.852.852.867,28,274
22 Sep 20223.303.303.003.003.1317,20,535
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
29 Mar 2007Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code
532693
ISIN
INE701B01021
Industry
Construction
Former symbols
PUNJLLOYD
Website
www.punjlloyd.com
CIN
L74899DL1988PLC033314
Corporate identity number, the registrar of companies' code for it
Incorporated
1988
Registered office
Punj Lloyd House, 17-18 Nehru Place, New Delhi 110019, Delhi
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments