Praveg Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹568 Cr
- ROE
- -2.49%
- Price to sales
- 2.30
- Debt to equity
- 0.38
- 52W high / low
- ₹349 / ₹183
- Sales growth (5Y)
- 39.68%
- EBITDA margin
- 22.42%
- Net profit margin
- -4.06%
- Promoter holding
- 46.19%
- Sales (last year)
- ₹248 Cr
Incorporated in 2016 after the merger of Praveg Communications Limited with Sword and Shield Pharma limited; Praveg Communications (India) Limited is an advertising company with core competence in Exhibition and Event Management. The company is also engaged into providing services to the Hospitality sector, Publications and Real Estate marketing. The company has set up its branches nationally and internationally.
Guidance scorecard · Q1 FY27 call
What Praveg Ltd's management guided
and where it ranks in Leisure Services
Leisure Services
RevenueQ2 FY26 call
20–40%- Praveg currently operates 18 resorts, with around 50% being operational for over a year; new resorts typically take 1-2 years to improve margins and occupancy.
- Revenue growth is expected in H2 each year, with H2 usually contributing two-thirds of the annual revenue due to seasonality.
- Exhibition and advertising businesses, which were minimal in prior years, are ramping up and expected to contribute significantly in coming periods.
- Advertising revenue showed strong growth with acquisition and expansion in prime locations; anticipated further growth due to new advertising monopolies in metro cities.
- Exhibition event business is recovering after a 2-year lull; aggressive bidding and new awards are expected to boost revenues.
- Hospitality revenue expected to grow with increased occupancy in resorts like Bangaram and launch of new resorts like Thinnakara.
2 more points from Praveg Ltd's call on revenue
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MarginsQ2 FY26 call
FlatSee what Praveg Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Additional capex of INR10-15 crores planned for completing remaining 20 rooms at Thinnakara South; Thinnakara North capex is largely done and ready for inauguration.
- Investment in expansion through investor model partnerships to minimize Praveg's own capex, co-developing and operating properties with investors.
- New advertising business acquired through a 51% stake in an SPV, focusing on prime hoarding locations, expects good growth this year.
- Exhibition events segment being revitalized after a 2-year pause; bidding and team building underway with optimistic outlook for H2.
2 more points from Praveg Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Praveg Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- Praveg Limited's exhibition event business, which was nearly zero in the previous year, has recovered to around INR10 crores in recent months.
- The company is optimistic about significant seasonal growth in exhibition and advertising events until March.
- Advertising segment turnover grew from INR32-33 crores last full year to INR24 crores in the last half-year after acquisition on July 1.
- Exhibition and events business had been inactive for 2 years but is now being aggressively revived with a new team and CEO appointed.
- The company has started bidding aggressively on new awards and expects good business growth in the next half-year.
2 more points from Praveg Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark Global Learning LtdGood growth1
- Le Travenues Technology LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Leisure Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global Learning Ltd | 20–40% | Up 2%+ | ₹21 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,579 Cr | 72.4 |
| 3 | Le Travenues Technology Ltd | 20–40% | Flat | ₹6,423 Cr | 54.1 |
| 4 | 20–40% | Flat | ₹6,285 Cr | 2553.3 | |
| 5 | 20–40% | Flat | ₹4,827 Cr | 20.4 | |
| 6 | 20–40% | Flat | ₹2,741 Cr | 215.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Leisure Services rankingFinancials of Praveg Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Praveg Ltd
Quarterly Results
Quarter-by-quarter operating performance
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 28.38 | 18.72 | 11.97 | 14.03 | 33.07 | 32.52 | 23.40 | 31.44 | 54.28 | 58.06 | 39.39 | 37.50 | 90.45 |
| Expenses + | 11.30 | 9.08 | 7.51 | 10.16 | 20.70 | 24.02 | 17.07 | 24.99 | 32.81 | 42.69 | 33.64 | 33.89 | 64.20 |
| Operating Profit | 17.08 | 9.64 | 4.46 | 3.87 | 12.37 | 8.50 | 6.33 | 6.45 | 21.47 | 15.37 | 5.75 | 3.61 | 26.25 |
| OPM % | 60.18% | 51.50% | 37.26% | 27.58% | 37.41% | 26.14% | 27.05% | 20.52% | 39.55% | 26.47% | 14.60% | 9.63% | 29.02% |
| Other Income + | 0.09 | 0.28 | 0.48 | 0.60 | 0.90 | 0.97 | 1.29 | 4.14 | 0.60 | 1.22 | 0.47 | 0.34 | 0.26 |
| Interest | 0.21 | 0.24 | 0.06 | 0.09 | 0.58 | 1.66 | 1.64 | 1.90 | 1.93 | 2.58 | 2.23 | 2.68 | 3.39 |
| Depreciation | 1.52 | 2.26 | 3.24 | 2.26 | 3.84 | 1.34 | 4.96 | 6.37 | 6.77 | 9.73 | 9.42 | 10.18 | 12.21 |
| Profit before tax | 15.44 | 7.42 | 1.64 | 2.12 | 8.85 | 6.47 | 1.02 | 2.32 | 13.37 | 4.28 | -5.43 | -8.91 | 10.91 |
| Tax % | 25.19% | 30.32% | 28.66% | 0.94% | 8.47% | 74.65% | 25.49% | 39.22% | 21.09% | 21.96% | 5.71% | 3.48% | 9.07% |
| Net Profit + | 11.56 | 5.17 | 1.17 | 2.10 | 8.10 | 1.64 | 0.76 | 1.41 | 10.55 | 3.33 | -5.75 | -9.22 | 9.93 |
| EPS in Rs | 5.53 | 2.47 | 0.53 | 0.93 | 3.55 | 0.67 | 0.29 | 0.55 | 3.52 | 1.55 | -2.35 | -3.70 | 3.55 |
Financials of Praveg Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 60 | 60 | 45 | 45 | 84 | 92 | 167 | 225 |
| Expenses + | 56 | 53 | 29 | 26 | 40 | 62 | 117 | 174 |
| Operating Profit | 4 | 6 | 16 | 20 | 45 | 29 | 51 | 51 |
| OPM % | 7% | 11% | 35% | 44% | 53% | 32% | 30% | 23% |
| Other Income + | 1 | 0 | 0 | 0 | 0 | 3 | 6 | 2 |
| Interest | 0 | 1 | 0 | 0 | 1 | 2 | 8 | 11 |
| Depreciation | 0 | 1 | 2 | 3 | 6 | 11 | 28 | 42 |
| Profit before tax | 4 | 5 | 14 | 17 | 39 | 19 | 21 | 1 |
| Tax % | 30% | 27% | 25% | 26% | 26% | 32% | 24% | |
| Net Profit + | 3 | 4 | 11 | 12 | 28 | 13 | 16 | -2 |
| EPS in Rs | 5.30 | 2.05 | 5.81 | 6.62 | 13.59 | 5.30 | 6.14 | -0.95 |
| Dividend Payout % | 0% | 73% | 69% | 91% | 33% | 19% | 16% |
Financials of Praveg Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 18 | 18 | 18 | 21 | 25 | 26 | 26 |
| Reserves | 7 | -4 | 1 | 9 | 92 | 263 | 437 | 419 |
| Borrowings + | 4 | 2 | 4 | 6 | 2 | 62 | 77 | 107 |
| Other Liabilities + | 6 | 8 | 4 | 5 | 11 | 15 | 69 | 75 |
| Total Liabilities | 21 | 25 | 27 | 38 | 126 | 365 | 609 | 628 |
| Fixed Assets + | 3 | 3 | 5 | 8 | 34 | 183 | 304 | 359 |
| CWIP | 0 | 0 | 0 | 3 | 8 | 22 | 165 | 131 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 19 | 22 | 21 | 27 | 83 | 159 | 141 | 137 |
| Total Assets | 21 | 25 | 27 | 38 | 126 | 365 | 609 | 628 |
Financials of Praveg Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 6 | 15 | 7 | 25 | 17 | 33 |
| Cash from Investing Activity + | -2 | -1 | -0 | -13 | -73 | -178 | -243 |
| Cash from Financing Activity + | -0 | -3 | -8 | -2 | 52 | 220 | 158 |
| Net Cash Flow | 1 | 2 | 6 | -9 | 5 | 60 | -52 |
| Free Cash Flow | 1 | 5 | 15 | -1 | -12 | -157 | -242 |
| CFO/OP | 110% | 111% | 122% | 55% | 76% | 70% | 72% |
Financials of Praveg Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 86 | 47 | 110 | 70 | 80 | 106 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 79 | 86 | 47 | 110 | 70 | 80 | 106 |
| Working Capital Days | 49 | 58 | 50 | 101 | 108 | 138 | 111 |
| ROCE % | 36% | 74% | 61% | 53% | 9% | 7% |
Guidance history
How Praveg Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY25 call → | 40%+ | Up 0–2% | Planned | None planned | Rising |
| Q2 FY25 call → | 20–40% | Flat | Planned | — | — |
| Q1 FY25 call → | 40%+ | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
6 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −33.8% | 18% |
| Last 6 months | −27.6% | 10% |
| Last 3 months | −23.7% | 10% |
The price is 80.7% below its all-time high of ₹1,129.85 (12 Jan 2024). Stocks more than 20% below their peak have their score halved, so 13 became 6.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Praveg Ltd: 0.4 × 18 + 0.4 × 10 + 0.2 × 10 = 13, halved to 6 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Praveg Ltd's management said in earlier quarters
- Q3 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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