PSP ProjectsNSE:PSPPROJECT -2.52%84 Return-on-Tangible-Equity is 6.68% as of Mar. 2026, which is 70% below its 10-year median of 22.25. GuruFocus rates NSE:PSPPROJECT with a GF Score™ of 84/100 and a GF Value™ of ₹916.14 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,703 Construction companies, PSP Projects ranks worse than 62.65% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PSP Projects's annualized net income for the quarter that ended in Mar. 2026 was ₹844 Mil. PSP Projects's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹12,625 Mil. Therefore, PSP Projects's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.68%.
The historical rank and industry rank for PSP Projects's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PSPPROJECT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.5 Med: 22.25 Max: 49.67
Current: 4.51
During the past 13 years, PSP Projects's highest Return-on-Tangible-Equity was 49.67%. The lowest was 4.50%. And the median was 22.25%.
NSE:PSPPROJECT's Return-on-Tangible-Equity is ranked worse than 62.65% of 1703
companies
in the Construction industry
Industry Median: 8.23
vs NSE:PSPPROJECT: 4.51
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
PSP Projects Return-on-Tangible-Equity Related Terms
PSP Projects Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PSP Projects's Return-on-Tangible-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.
NSE:PSPPROJECT vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, PSP Projects's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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.
PSP Projects Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, PSP Projects's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PSP Projects's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.68% mean?
PSP Projects (NSE:PSPPROJECT) has a Return-on-Tangible-Equity of 6.68% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PSP Projects and its competitors. This is 70% below median its historical median of 22.25. Over the past decade, PSP Projects' Return-on-Tangible-Equity has ranged from 4.50 to 49.67. According to the industry distribution chart, PSP Projects ranks #1067 out of 1703 companies in the Construction industry, placing it in the top 62.7%.
Is PSP Projects' Return-on-Tangible-Equity too high?
PSP Projects' current Return-on-Tangible-Equity of 6.68% is 70% below median its 10-year median of 22.25. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 49.67. The Construction industry median Return-on-Tangible-Equity is 8.23. PSP Projects' value of 6.68% is 18.8% below this industry median. Based on the distribution chart, PSP Projects ranks #1067 out of 1703 companies in the Construction industry, which is below the industry midpoint. Overall, PSP Projects has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSP Projects' Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, PSP Projects ranks #1067 out of 1703 companies for Return-on-Tangible-Equity. This places PSP Projects in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.23. PSP Projects' value of 6.68% is 18.8% below this benchmark. Historically, PSP Projects' own Return-on-Tangible-Equity has ranged from 4.50 to 49.67 over the past decade. While the company's 10-year median is 22.25 vs. the industry median of 8.23, PSP Projects has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.23, based on 1,703 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PSP Projects's current Return-on-Tangible-Equity of 6.68% is 18.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PSP Projects and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSP Projects's current Return-on-Tangible-Equity is 6.68%, which is 70% below median its own 10-year median of 22.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSP Projects stock overvalued right now?
Based on GuruFocus' analysis, PSP Projects (NSE:PSPPROJECT) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹916.14, compared to a current price of ₹1,071.30 — trading 16.9% above its estimated fair value. The current Return-on-Tangible-Equity is 6.68%, which is 70% below median its 10-year median of 22.25 and 18.8% below the Construction industry median of 8.23. PSP Projects' overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For PSP Projects (NSE:PSPPROJECT), the current Return-on-Tangible-Equity is 6.68% as of Mar. 2026. 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.
Is PSP Projects (NSE:PSPPROJECT) Overvalued in 2026?
Based on GuruFocus' analysis, PSP Projects stock appears to be overvalued.
The current stock price of ₹1,071.30 is trading 16.9% above its estimated GF Value™ of ₹916.14.
GuruFocus considers PSP Projects to be Modestly Overvalued.
Key valuation signals for NSE:PSPPROJECT:
Return-on-Tangible-Equity: 6.68% (70% below median its 10-year median of 22.25)
GF Value™: ₹916.14 vs. price of ₹1,071.30 (16.9% above fair value)
Industry Position: 18.8% below the Construction median (#1067 of 1703)
No single metric tells the full story. See the NSE:PSPPROJECT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PSP Projects Ltd is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The company operates in a single segment, namely construction project activities. The company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities. Geographically, it derives revenue from India.
84GF Score
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