Stock Price Movement and Market Context
On 23 Feb 2026, Parsvnath Developers Ltd’s share price touched Rs.6.82, the lowest level in the past year, after a period of consecutive declines. Notably, the stock outperformed its sector by 0.67% today and showed a modest gain following two days of losses. However, it remains well below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum.
In contrast, the broader market displayed resilience, with the Sensex climbing 425.50 points to close at 83,332.33, just 3.39% shy of its 52-week high of 86,159.02. Mega-cap stocks led the rally, while Parsvnath Developers Ltd’s performance starkly diverged from this positive trend.
Financial Performance and Fundamental Indicators
The company’s financial metrics continue to reflect challenges. Parsvnath Developers Ltd has reported negative results for seven consecutive quarters, with the latest quarterly Profit Before Tax (PBT) less Other Income standing at a loss of Rs.156.41 crores, a 12.5% decline compared to the previous four-quarter average. Similarly, the Profit After Tax (PAT) for the quarter was negative Rs.143.21 crores, down 10.0% from the prior average.
Inventory turnover remains critically low at 0.08 times for the half-year period, indicating sluggish asset utilisation. The company’s Return on Equity (average) is a modest 2.83%, underscoring limited profitability relative to shareholders’ funds. Furthermore, the Debt to EBITDA ratio is alarmingly high at 23.40 times, highlighting a constrained ability to service debt obligations.
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Valuation and Risk Factors
Parsvnath Developers Ltd’s Mojo Score stands at 3.0 with a Mojo Grade of Strong Sell, upgraded from Sell on 1 Apr 2025, reflecting deteriorated fundamentals and elevated risk. The company’s market capitalisation grade is 4, indicating a relatively small market cap within its sector.
The stock’s valuation appears stretched relative to historical norms, trading at levels that suggest heightened risk. Over the past year, the stock has generated a negative return of 67.39%, significantly underperforming the Sensex, which posted a positive 10.66% return over the same period. The 52-week high for the stock was Rs.27.46, illustrating the steep decline in value.
Adding to the risk profile, 31.77% of promoter shares are pledged, which can exert additional downward pressure on the stock price during market downturns. This factor, combined with the company’s negative book value, points to weak long-term fundamental strength.
Comparative Performance and Sectoral Context
In the Realty sector, Parsvnath Developers Ltd’s performance has been notably below par. The stock has underperformed the BSE500 index over the last three years, one year, and three months, indicating persistent challenges in both the near and long term. While the sector has seen pockets of recovery and growth, Parsvnath Developers Ltd’s financial and operational metrics have lagged behind peers.
The company’s negative EBITDA and declining profitability metrics further differentiate it from sector leaders, who have generally maintained more stable earnings and balance sheets.
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Summary of Key Financial and Market Indicators
To summarise, Parsvnath Developers Ltd’s stock has reached a 52-week low of Rs.6.82, reflecting a year-long decline of 67.39%. The company’s financial health is characterised by a negative book value, weak return on equity, and a high debt burden relative to earnings. Negative quarterly results have persisted for seven consecutive quarters, with deteriorating profit margins and low inventory turnover.
Despite a broader market rally and sectoral gains, the stock remains below all major moving averages and carries a Strong Sell rating from MarketsMOJO, underscoring the challenges faced by the company in the current market environment.
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