Punj Lloyd (NSE:PUNJLLOYD) Debt-to-Equity: -3.79 (As of Mar. 2018)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Punj Lloyd Debt-to-Equity?

Punj Lloyd NSE:PUNJLLOYD Debt-to-Equity is -3.79 as of Mar. 2018. The stock has 6 warning signs investors should review.

Punj Lloyd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was ₹67,059 Mil. Punj Lloyd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was ₹9,876 Mil. Punj Lloyd's Total Stockholders Equity for the quarter that ended in Mar. 2018 was ₹-20,310 Mil. Punj Lloyd's debt to equity for the quarter that ended in Mar. 2018 was -3.79.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Punj Lloyd's Debt-to-Equity or its related term are showing as below:

NSE:PUNJLLOYD' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.28   Med: -0.6   Max: -0.42
Current: -0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Punj Lloyd was -0.42. The lowest was -4.28. And the median was -0.60.

NSE:PUNJLLOYD's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.4 vs NSE:PUNJLLOYD: -0.42

Punj Lloyd  (NSE:PUNJLLOYD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Punj Lloyd Debt-to-Equity Related Terms

Punj Lloyd Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Punj Lloyd's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Punj Lloyd Debt-to-Equity Chart

Punj Lloyd Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.65 -5.82 -4.33 -3.80 -0.69

Punj Lloyd Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Mar15 Mar16 Mar17 Mar18
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.10 7.39 -6.07 -4.28 -3.79

NSE:PUNJLLOYD vs SFHI: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Punj Lloyd's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Punj Lloyd Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Punj Lloyd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Punj Lloyd's Debt-to-Equity falls into.


Punj Lloyd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Punj Lloyd's Debt to Equity Ratio for the fiscal year that ended in Mar. 2019 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(89218.6 + 3410.6) / -134619.9
=-0.69

Punj Lloyd's Debt to Equity Ratio for the quarter that ended in Mar. 2018 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(67058.7 + 9875.7) / -20309.9
=-3.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -3.79 mean?
Punj Lloyd (NSE:PUNJLLOYD) has a Debt-to-Equity of -3.79 as of Mar. 2018. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Punj Lloyd and its competitors.
Is Punj Lloyd's Debt-to-Equity too high?
Punj Lloyd's current Debt-to-Equity is -3.79.
How does Punj Lloyd's Debt-to-Equity compare to SFHI?
Punj Lloyd's Debt-to-Equity of -3.79 can be compared against companies in the Construction industry. The industry median Debt-to-Equity is 0.40. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,621 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Punj Lloyd and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Punj Lloyd's current Debt-to-Equity is -3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Punj Lloyd stock overvalued right now?
Punj Lloyd (NSE:PUNJLLOYD) has a current Debt-to-Equity of -3.79. The current Debt-to-Equity is -3.79. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Punj Lloyd (NSE:PUNJLLOYD), the current Debt-to-Equity is -3.79 as of Mar. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Punj Lloyd Business Description

Address NBCC Plaza, Sector 5, Plate No. 2, Second Floor, Tower No. 2, Pushp Vihar, Saket, New Delhi, Delhi, IND, 110017
Punj Lloyd Ltd is an engineering, procurement, and construction company operating across energy, infrastructure, and defense sectors. The company provides services including building pipelines, tanks, process facilities, transportation infrastructure, and specialized defense manufacturing. Its operations span multiple regions, including the Middle East, Africa, Asia Pacific, South Asia, and Europe. Punj Lloyd generates revenue by providing contracting services across the sectors, serving both domestic and international clients.