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Parsvnath Developers Limited (PARSVNATH)

₹2.53 +1.61% last close, 16 Oct

📊 NSE: PARSVNATH 🏢 Construction 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q3 FY26)

In its latest reported quarter, Q3 FY26, Parsvnath Developers' revenue was ₹61.0 Cr (+4.8% year on year, +13.1% on the previous quarter), and net profit ₹-149 Cr (a bigger loss than a year earlier); the operating margin was -6.6%.

Q3 FY26 (₹ Cr)	Value	YoY vs Q3 FY25	QoQ
Revenue	₹61.0	+4.8%	+13.1%
Operating profit	₹-4.0	to loss	loss narrowed
Net profit	₹-149	loss widened	loss narrowed
EPS (₹)	-3.29	loss widened	loss narrowed
Operating margin	-6.6%	—	—

Full quarterly financials → Results calendar →

PARSVNATH exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at its upper price band (circuit) on 16 Oct, one of 19 band closes in about the last 20 sessions.

₹2.53NSE close · +1.61%

Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Parsvnath Developers Submits Reg 74(5) Demat Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Oct 2026, 05:11 PM

Parsvnath Developers Limited submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Share Transfer Agent MAS Services Limited confirms that all security certificates received for dematerialisation between July 1, 2026, and September 30, 2026, were processed, confirmed, and mutilated within the mandated 15-day timeframe. Notably, the filing is signed by Manoj Kumar Anand, acting as Resolution Professional, reflecting the company's ongoing corporate insolvency process.

Covers dematerialisation activities for the quarter period from 01/07/2026 to 30/09/2026
RTA MAS Services Limited confirmed processing of securities within the mandated 15-day limit
Filing signed by Resolution Professional Manoj Kumar Anand under IBBI registration IBBI/IPA-001/IP-P00084/2017-2018/10180

💡 Track disclosures regarding the company's Corporate Insolvency Resolution Process (CIRP) and resolution plan progress rather than routine depository filings.

Parsvnath CIRP: ₹7,109.32 Cr Claims Admitted Out of ₹10,043.03 Cr Total Claims

🔴 NEGATIVE ⭐ 9/10

LEGAL 📅 02 Sep 2026, 04:32 PM

Parsvnath Developers released an updated list of creditors as of August 31, 2026, under the ongoing Corporate Insolvency Resolution Process (CIRP commenced April 30, 2026). The Resolution Professional has admitted claims worth ₹7,109.32 Cr across 3,800 claimants against total submitted claims of ₹10,043.03 Cr. Secured financial creditors account for the largest share with ₹5,400.37 Cr in admitted claims, followed by class financial creditors (homebuyers) with ₹1,684.09 Cr. Another ₹2,860.38 Cr in claims remains under verification, dwarfing the company's market cap of ₹67 Cr and annual revenue.

Total claims received stood at ₹10,043.03 Cr from 3,812 claimants as of August 31, 2026
Total claims admitted by the RP reached ₹7,109.32 Cr across 3,800 claims
Secured financial creditors' admitted claims total ₹5,400.37 Cr across 17 claims
Class financial creditors (homebuyers/allottees) have ₹1,684.09 Cr admitted across 3,362 claims
Claims worth ₹2,860.38 Cr remain under verification across 3,811 entries

💡 Track the Committee of Creditors (CoC) voting processes, resolution plan submissions, and NCLT approval timelines to assess potential equity dilution or complete cancellation.

Parsvnath Developers Schedules 3rd CoC Meeting on September 2, 2026

🟡 NEUTRAL ⭐ 3/10

LEGAL 📅 31 Aug 2026, 05:32 PM

Parsvnath Developers Limited has announced that the 3rd meeting of its Committee of Creditors (CoC) is scheduled for September 2, 2026. The meeting will be conducted by the Resolution Professional, Manoj Kumar Anand, under the ongoing Corporate Insolvency Resolution Process (CIRP). The company is burdened with Rs 1,131 Cr of debt against a negative net worth of Rs -40 Cr and TTM revenue of Rs 237 Cr.

3rd meeting of Committee of Creditors (CoC) convened on September 2, 2026
Meeting conducted by Resolution Professional Manoj Kumar Anand (IBBI Reg: IBBI/IPA-001/IP-P00084/2017-2018/10180)
Filing made pursuant to SEBI LODR Regulation 30 read with Schedule III, Part A, Clause 16(g)

💡 Track the outcome of the 3rd CoC meeting for updates regarding submission or voting on resolution plans, expressions of interest, or liquidation proceedings.

Parsvnath Developers Delays Q1 FY27 Results; FY26 Annual Results Still Pending

🔴 NEGATIVE ⭐ 8/10

REGULATORY 📅 13 Aug 2026, 12:20 PM

Parsvnath Developers has informed exchanges that it cannot publish financial results for the quarter ended June 30, 2026, as its annual results for FY26 (ended March 31, 2026) are still not finalized. The company is currently under the Corporate Insolvency Resolution Process (CIRP), which has led to these reporting delays. This lack of financial transparency is critical given the company's negative net worth of ₹40 Cr and a massive debt burden of ₹1,131 Cr. The delay in reporting is a significant regulatory non-compliance that adds to the existing distress of the firm.

Delayed submission of financial results for the quarter ended June 30, 2026.
Annual Financial Statements for the year ended March 31, 2026, remain unfinalized.
Company is currently under Corporate Insolvency Resolution Process (CIRP) managed by a Resolution Professional.
Total debt of ₹1,131 Cr is approximately 16.6 times the current market capitalization of ₹68 Cr.
Net worth remains negative at -₹40 Cr as per the latest available financial context.

💡 Investors should monitor for the announcement of the board meeting date to approve the overdue FY26 and Q1 FY27 results. The primary focus should remain on the progress of the CIRP and any potential resolution plans submitted by bidders.

₹9,310 Cr claims filed against Parsvnath Developers under insolvency process

🔴 NEGATIVE ⭐ 10/10

REGULATORY 📅 08 Aug 2026, 04:33 PM

Parsvnath Developers, currently under Corporate Insolvency Resolution Process (CIRP) since April 30, 2026, has released its list of creditors as of July 31, 2026. Total claims received amount to ₹9,310.35 Cr, which is approximately 39 times the company's TTM revenue of ₹237 Cr. The Resolution Professional has admitted claims worth ₹6,890.54 Cr, with secured financial creditors accounting for the largest portion at ₹5,257.18 Cr. The company's negative net worth of ₹40 Cr and massive debt overhang highlight severe financial distress.

Total claims received from 3,520 creditors amount to ₹9,310.35 Cr
Total claims admitted by the Resolution Professional stand at ₹6,890.54 Cr
Secured financial creditor claims admitted total ₹5,257.18 Cr across 18 claims
Unsecured financial creditor claims admitted total ₹1,606.75 Cr from 3,095 claimants
Operational creditor claims (excluding employees/govt) admitted at ₹9.00 Cr against ₹457.30 Cr claimed

💡 Investors should monitor the Corporate Insolvency Resolution Process (CIRP) timeline and the formulation of a resolution plan. In most insolvency cases, equity shareholders are the last to receive any value, often resulting in a total loss or extreme dilution.

CFO Mukesh Chand Jain Resigns Effective August 03, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 04 Aug 2026, 08:04 PM

Mr. Mukesh Chand Jain has resigned as the Chief Financial Officer of Parsvnath Developers effective August 03, 2026, citing health reasons and his age of 74 years. The company is currently under the management of a Resolution Professional, Manoj Kumar Anand, as it navigates severe financial distress including a negative net worth of ₹40 Cr and TTM losses of ₹477 Cr. Mr. Jain had served the organization for over two decades. This management change occurs while the company faces a massive debt burden of ₹1,131 Cr and a significant decline in market value.

CFO Mukesh Chand Jain resigned effective August 03, 2026, after over 20 years of service.
The resignation is attributed to the CFO's age of 74 years and health advice to prioritize well-being.
Company is currently managed by a Resolution Professional, indicating ongoing insolvency/restructuring proceedings.
Financial context remains critical with TTM losses of ₹477 Cr and a debt-to-equity ratio of -28.27.

💡 Investors should monitor the appointment of a successor and the progress of the debt restructuring/settlement strategy led by the Resolution Professional.

Company Secretary Resigns Citing "Financial Instability" at Parsvnath Developers

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 29 Jul 2026, 05:23 PM

Mr. Atul Kumar Gupta has resigned as the Company Secretary and Compliance Officer of Parsvnath Developers, effective July 28, 2026. In a highly unusual move, the resignation letter explicitly cites "financial instability" alongside professional career interests as the reason for departure. This occurs as the company operates under a Resolution Professional, grappling with a negative net worth of ₹40 Cr and a massive debt burden of ₹1,131 Cr. The company's TTM PAT loss of ₹477 Cr further underscores the severe financial distress mentioned in the resignation.

Resignation of Company Secretary & Compliance Officer effective July 28, 2026.
Outgoing officer explicitly cited 'financial instability' as a reason for leaving in his formal letter.
The officer had a short tenure, having joined the company only in October 2025.
Company is currently managed by a Resolution Professional, Manoj Kumar Anand, due to ongoing insolvency/restructuring.
Debt of ₹1,131 Cr is approximately 13.6 times the current market capitalization of ₹83 Cr.

💡 Investors should monitor the appointment of a new Compliance Officer to ensure regulatory requirements are met and watch for further disclosures from the Resolution Professional regarding debt settlement progress.

43.51 Cr Shares Reconciled in Q1 FY27 Audit; Company Remains Under CIRP

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Jul 2026, 03:50 PM

Parsvnath Developers has submitted its Reconciliation of Share Capital Audit Report for the quarter ended June 30, 2026. The report confirms that the total issued capital of 43,51,81,170 shares is fully listed on both NSE and BSE, with no discrepancies found. Approximately 99.99% of the shares are held in dematerialized form, with only 37,335 shares remaining in physical format. The filing is notably signed by the Resolution Professional, as the company continues to operate under the Corporate Insolvency Resolution Process (CIRP).

Total issued and listed capital stands at 43,51,81,170 equity shares with a face value of Rs. 5 each.
99.99% of the share capital is dematerialized, split between NSDL (69.27%) and CDSL (30.72%).
Only 37,335 shares (0.01%) are held in physical form as of June 30, 2026.
The company is currently under CIRP, with the Board of Directors suspended and management handled by a Resolution Professional.

💡 Investors should prioritize monitoring the Corporate Insolvency Resolution Process (CIRP) and NCLT proceedings over routine administrative filings like share capital reconciliation.

2nd Committee of Creditors (COC) Meeting Scheduled for July 21, 2026

🔵 WATCH ⭐ 9/10

LEGAL 📅 20 Jul 2026, 04:06 PM

Parsvnath Developers is currently undergoing the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional, Mr. Manoj Kumar Anand, has scheduled the 2nd meeting of the Committee of Creditors (COC) for July 21, 2026. This is a critical development for a company with a massive debt of Rs 1,131 Cr and a negative net worth of Rs 40 Cr. The outcome of these meetings will determine if the company can be revived through a resolution plan or will face liquidation.

2nd meeting of the Committee of Creditors (COC) scheduled for July 21, 2026
Company carries a total debt of Rs 1,131 Cr, which is approximately 12.16x its current market cap of Rs 93 Cr
Reported a TTM net loss of Rs 477 Cr and a negative net worth of Rs -40 Cr
Resolution Professional Mr. Manoj Kumar Anand is overseeing the process

💡 Monitor subsequent filings for any proposed resolution plans or updates on the insolvency process; equity holders are typically at high risk of wipeout or severe dilution in CIRP cases.

3 Independent Directors Resign as Parsvnath Developers Navigates Insolvency Process

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 17 Jul 2026, 03:53 PM

Parsvnath Developers has reported the simultaneous resignation of three Independent Directors—Mr. Ramesh Chand Gupta, Mr. Subhash Chander Setia, and Dr. Rakshita Sharma—effective July 14, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated April 30, 2026. This governance shift occurs as the company faces extreme financial distress, including TTM losses of Rs 477 Cr and a negative net worth of Rs 40 Cr. Management control currently rests with the Resolution Professional, Mr. Manoj Kumar Anand.

3 Independent Directors resigned effective July 14, 2026, citing personal reasons and health.
Company entered Corporate Insolvency Resolution Process (CIRP) on April 30, 2026, per NCLT order.
TTM Net Loss of Rs 477 Cr is approximately 2x the TTM Revenue of Rs 237 Cr.
Total debt stands at Rs 1,131 Cr against a negative net worth of Rs 40 Cr.
Finance costs in H1 FY26 reached Rs 236.52 Cr, nearly consuming the entire annual revenue base.

💡 Investors should closely monitor the Corporate Insolvency Resolution Process (CIRP) updates and the progress of the Committee of Creditors (CoC) in finding a resolution applicant.

Resignation of Independent Director Ramesh Chand Gupta effective July 14, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 16 Jul 2026, 06:18 PM

Mr. Ramesh Chand Gupta has resigned as an Independent Director of Parsvnath Developers effective July 14, 2026, citing personal pre-occupations. He was a member of three key board committees: Audit, Nomination & Remuneration, and Risk Management. The company is currently under a Corporate Insolvency Resolution Process (CIRP), as evidenced by the filing being signed by a Resolution Professional. Financially, the company remains in deep distress with a TTM loss of Rs 477 Cr and a negative net worth of Rs 40 Cr.

Resignation of Mr. Ramesh Chand Gupta effective from July 14, 2026
Director ceases to be a member of 3 board committees: Audit, NRC, and Risk Management
Company reports a TTM net loss of Rs 477 Cr
Total debt stands at Rs 1,131 Cr against a negative net worth of Rs 40 Cr
Filing issued under the authority of a Resolution Professional (Manoj Kumar Anand)

💡 Investors should prioritize updates regarding the Corporate Insolvency Resolution Process (CIRP) and debt restructuring over routine board-level resignations.

Resignation of Independent Director Ramesh Chand Gupta effective July 14, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 16 Jul 2026, 06:14 PM

Mr. Ramesh Chand Gupta has resigned as an Independent Director of Parsvnath Developers effective July 14, 2026, citing personal pre-occupations. He was a member of three key board committees: Audit, Nomination and Remuneration, and Risk Management. This resignation comes at a time when the company is under a Resolution Professional and facing severe financial distress, including a negative net worth of -40 Cr and TTM losses of -477 Cr. The director confirmed there are no other material reasons for his departure.

Resignation of Mr. Ramesh Chand Gupta effective from close of business hours on July 14, 2026
Director held memberships in 3 critical committees: Audit, NRC, and Risk Management
Company is currently managed by a Resolution Professional (Manoj Kumar Anand)
Financial context shows a significant debt burden of 1,131 Cr against a negative net worth
TTM revenue stands at 237 Cr with a net loss of -477 Cr

💡 Investors should monitor the appointment of a replacement director to ensure the company maintains the required board composition under SEBI regulations, particularly for the Audit Committee.

Resignation of Independent Director Ramesh Chand Gupta effective July 14, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 16 Jul 2026, 06:11 PM

Mr. Ramesh Chand Gupta has resigned as an Independent Director of Parsvnath Developers effective July 14, 2026, citing personal pre-occupations. The company is currently managed by a Resolution Professional and faces severe financial distress, including a negative net worth of Rs -40 Cr and TTM losses of Rs 477 Cr. Mr. Gupta was a member of the Audit, Nomination & Remuneration, and Risk Management committees. He confirmed there are no other material reasons for his departure.

Resignation of Mr. Ramesh Chand Gupta effective from the close of business hours on July 14, 2026.
The director vacated positions in 3 key committees: Audit, Nomination & Remuneration, and Risk Management.
Company is operating under a Resolution Professional (Manoj Kumar Anand) due to ongoing insolvency-related processes.
Financial context shows a massive debt of Rs 1,131 Cr against a TTM revenue of only Rs 237 Cr.

💡 Monitor the appointment of a replacement Independent Director to ensure the company remains compliant with SEBI board composition requirements during its resolution process.

Supreme Court freezes bank accounts and stays asset transactions of Parsvnath Developers

🔴 NEGATIVE ⭐ 10/10

LEGAL 📅 14 Jul 2026, 05:45 PM

The Hon'ble Supreme Court of India has issued a severe order against Parsvnath Developers and its subsidiary, freezing all corporate and personal bank accounts of directors as of July 13, 2026. The court has also stayed all transactions involving the company's immovable assets and issued bailable warrants for the personal appearance of management on July 20, 2026. This action follows the company's failure to comply with 2021 HRERA orders to pay 9.3% annual interest and provide possession to homebuyers who paid ~Rs 1.78 crore per flat starting in 2006.

Immediate freezing of bank accounts for Parsvnath Developers and its wholly-owned subsidiary, Parsvnath Hessa Developers.
Stay on creation of third-party rights or any transactions pertaining to immovable assets of the company.
Bailable warrants of Rs 25,000 issued against Directors and Officers to secure presence on July 20, 2026.
Recovery certificates totaling Rs 1.81 crore remain unpaid despite being issued by HRERA in 2022.
Homebuyers paid approximately Rs 1.78 crore per flat for the 'Parsvnath Exotica' project where possession was due in 2013.

💡 Investors should closely monitor the proceedings of the next hearing on July 20, 2026, as the freezing of bank accounts effectively halts the company's operational liquidity.

Parsvnath Developers Submits Q1 FY27 Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 06:28 PM

Parsvnath Developers has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The company's Registrar and Share Transfer Agent, MAS Services Limited, confirmed that all dematerialization requests were processed within the mandated 15-day timeline. The filing is signed by a Resolution Professional, confirming the company's ongoing status under the Corporate Insolvency Resolution Process (CIRP). This is a standard administrative filing with no direct impact on financial performance.

Compliance certificate covers the period from April 1, 2026, to June 30, 2026
Confirmation that security certificates were processed within the 15-day regulatory limit
Document signed by Manoj Kumar Anand, acting as the Resolution Professional for the company
Registrar MAS Services Limited confirmed the mutilation and cancellation of physical certificates after dematerialization

💡 Investors should focus on updates regarding the Corporate Insolvency Resolution Process (CIRP) rather than routine compliance filings, as the former will determine the company's future viability.

View All PARSVNATH Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment (Real Estate). Consolidated revenue from operations for H1 FY26 was INR 117.23 Cr, representing a 13.21% decline compared to INR 135.07 Cr in H1 FY25. For the full year FY25, revenue dropped 45.04% to INR 253.93 Cr from INR 462 Cr.

Geographic Revenue Split

Not disclosed in available documents, though operations are primarily centered in India with the corporate office in Delhi.

Profitability Margins

Profitability is severely impacted by high finance costs. Net loss for H1 FY26 (Consolidated) was INR 205.10 Cr. In FY25, the company reported a loss before exceptional items of INR 459.08 Cr, which was a 19.26% improvement over the previous year's loss.

EBITDA Margin

EBITDA remains negative as operating expenses and finance costs far exceed revenue. Finance costs for H1 FY26 were INR 236.52 Cr, which is approximately 201.7% of the total revenue from operations (INR 117.23 Cr).

Capital Expenditure

Consolidated impairment of Capital Work in Progress was noted in H1 FY26. Specific historical and planned CAPEX figures in INR Cr are not explicitly detailed beyond project-specific development costs.

Credit Rating & Borrowing

The company faces high borrowing costs, with H1 FY26 consolidated finance costs at INR 236.52 Cr. A significant exceptional gain of INR 120.65 Cr was recognized in FY25 due to interest and dues waivers from a lender settlement, indicating stressed credit conditions.

⚙️ Operational Drivers

Raw Materials

Key inputs include Land/Development Rights (1.38% of H1 FY26 revenue), Construction Materials (2.05% of H1 FY26 revenue), and Contract Labor/Other Charges (21.76% of H1 FY26 revenue).

Import Sources

Not disclosed in available documents; typically sourced locally within India for real estate projects.

Capacity Expansion

The company is focused on completing existing projects, including a BOT project with DMRC. Current capacity is measured by land bank and ongoing project square footage, though specific MT/units are not provided.

Raw Material Costs

Consolidated cost of land/development rights was INR 1.62 Cr in H1 FY26. Materials consumed were INR 2.40 Cr, and contract labor costs were INR 25.51 Cr. Total direct construction-related expenses decreased compared to previous periods as revenue declined.

Manufacturing Efficiency

Not applicable as a manufacturing metric; however, project efficiency is hampered by high interest-to-revenue ratios and liquidity constraints.

📈 Strategic Growth

Growth Strategy

The strategy focuses on debt restructuring and settlement with lenders to improve the balance sheet. The company is also working on resolving delays in its BOT project with DMRC to unlock value from existing infrastructure assets.

Products & Services

Residential apartments, commercial office spaces, retail malls, and Build-Operate-Transfer (BOT) infrastructure projects.

Brand Portfolio

Parsvnath

Market Expansion

Not disclosed in available documents; focus remains on existing North India projects.

Strategic Alliances

The company operates through numerous subsidiaries and LLPs, including Parsvnath Landmark Developers and Parsvnath Rail Land Project Private Limited.

🌍 External Factors

Industry Trends

The real estate industry is seeing a shift toward consolidation and debt reduction. Parsvnath is currently positioned in a recovery phase, attempting to settle liabilities to remain viable.

Competitive Landscape

Competes with other major Indian developers like DLF and Godrej Properties, though currently constrained by financial leverage.

Competitive Moat

The company's moat lies in its established brand and existing land bank/BOT contracts, but this is currently weakened by liquidity issues and high leverage.

Macro Economic Sensitivity

Highly sensitive to interest rate fluctuations due to the massive debt burden and finance costs representing over 200% of revenue.

Consumer Behavior

Demand for completed or near-completion projects is higher than new launches in the current market, influencing the company's focus on inventory liquidation.

Geopolitical Risks

Primarily domestic risks related to Indian regulatory changes and local real estate demand.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to RERA and local development authority norms. The BOT project is governed by a concession agreement with DMRC.

Taxation Policy Impact

The company recognized a deferred tax asset of INR 5.54 Cr and a prior period tax adjustment of INR 3.19 Cr in FY25.

Legal Contingencies

The company is involved in a dispute/delay regarding a BOT project with DMRC. Additionally, the auditors noted that financial results for certain subsidiaries were management-certified and not reviewed, though deemed non-material.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the ability to service debt and complete delayed projects. Finance costs exceeding revenue by 2x poses a significant going-concern risk.