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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 544042 | NSE: BAJEL

Bajel Projects Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 5:46 pm

Market Cap 2,783 Cr.
Current Price 241
High / Low330/108
Stock P/E109
Book Value 50.5
Dividend Yield0.00 %
ROCE6.19 %
ROE0.91 %
Face Value 2.00
PEG Ratio1.71

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bajel Projects Ltd

Competitors of Bajel Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bajel Projects Ltd 2,783 Cr. 241330/108109 50.50.00 %6.19 %0.91 % 2.00
Industry Average2,783.00 Cr241.00109.0050.500.00%6.19%0.91%2.00

All Competitor Stocks of Bajel Projects Ltd

Quarterly Result

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales66.94175.01197.77205.02199.95275.08489.16512.01
Expenses72.18179.92204.48207.57203.96265.96481.31504.91
Operating Profit-5.24-4.91-6.71-2.55-4.019.127.857.10
OPM %-7.83%-2.81%-3.39%-1.24%-2.01%3.32%1.60%1.39%
Other Income13.147.0210.724.122.150.9710.3911.70
Interest0.661.484.002.342.163.9710.079.19
Depreciation2.732.000.681.241.401.431.752.16
Profit before tax4.51-1.37-0.67-2.01-5.424.696.427.45
Tax %30.38%2.19%16.42%-14.93%-18.08%28.36%-10.28%25.91%
Net Profit3.14-1.40-0.78-1.70-4.443.367.075.52
EPS in Rs-0.390.290.610.48

Last Updated: October 7, 2024, 8:33 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2023Mar 2024TTM
Sales6641,1691,476
Expenses6941,1531,456
Operating Profit-301620
OPM %-5%1%1%
Other Income541825
Interest182425
Depreciation667
Profit before tax-0413
Tax %468%-17%
Net Profit-2412
EPS in Rs0.370.99
Dividend Payout %0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2023-2024
YoY Net Profit Growth (%)300.00%
Change in YoY Net Profit Growth (%)0.00%

Bajel Projects Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 1 years from 2023-2024 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:149%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:407%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:1%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:45 pm

MonthMar 2023Mar 2024Sep 2024
Equity Capital232323
Reserves534543560
Borrowings115185
Other Liabilities377762854
Total Liabilities9351,3431,622
Fixed Assets486973
CWIP101
Investments030
Other Assets8871,2711,549
Total Assets9351,3431,622

Reserves and Borrowings Chart

Cash Flow

MonthMar 2023Mar 2024
Cash from Operating Activity +11195
Cash from Investing Activity +-3-135
Cash from Financing Activity +-8-15
Net Cash Flow-046

Free Cash Flow

MonthMar 2023Mar 2024
Free Cash Flow-31.001.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2023Mar 2024
Debtor Days203190
Inventory Days7442
Days Payable196201
Cash Conversion Cycle8131
Working Capital Days23362
ROCE %6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024
Promoters62.85%62.85%62.75%62.72%
FIIs10.51%10.46%0.51%0.29%
DIIs11.98%12.03%8.07%7.83%
Public14.66%14.66%28.67%29.17%
No. of Shareholders63,36362,79683,26890,106

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan5,545,8220.42120.483,062,0712024-11-1481.11%
Nippon India Small Cap Fund3,062,0710.1466.523,062,0712024-11-140%
HDFC Retirement Savings Fund - Equity - Regular Plan340,0000.167.393,062,0712024-11-14-88.9%
HDFC Multi Cap Fund285,8020.056.213,062,0712024-11-14-90.67%
Baroda BNP Paribas Flexi Cap Fund143,8000.253.123,062,0712024-11-14-95.3%
LIC MF ULIS 10 Yrs Regular Premium Reducing cover58,6210.261.273,062,0712024-11-14-98.09%
LIC MF ULIS 10 Yrs Regular Premium Uniform cover58,6210.261.273,062,0712024-11-14-98.09%
LIC MF ULIS 10 Yrs Single Premium58,6210.261.273,062,0712024-11-14-98.09%
LIC MF ULIS 15 Yrs Regular Premium Reducing cover58,6210.261.273,062,0712024-11-14-98.09%
LIC MF ULIS 15 Yrs Regular Premium Uniform cover58,6210.261.273,062,0712024-11-14-98.09%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23
FaceValue2.002.00
Basic EPS (Rs.)0.37-1.20
Diluted EPS (Rs.)0.37-1.20
Cash EPS (Rs.)0.87-1.20
Book Value[Excl.RevalReserv]/Share (Rs.)49.110.79
Book Value[Incl.RevalReserv]/Share (Rs.)49.110.79
Revenue From Operations / Share (Rs.)101.420.00
PBDIT / Share (Rs.)3.10-1.20
PBIT / Share (Rs.)2.59-1.20
PBT / Share (Rs.)0.31-1.20
Net Profit / Share (Rs.)0.37-1.20
PBDIT Margin (%)3.050.00
PBIT Margin (%)2.550.00
PBT Margin (%)0.310.00
Net Profit Margin (%)0.360.00
Return on Networth / Equity (%)0.75-151.38
Return on Capital Employeed (%)5.01-151.38
Return On Assets (%)0.31-62.40
Asset Turnover Ratio (%)1.740.00
Current Ratio (X)1.471.69
Quick Ratio (X)1.341.69
Interest Coverage Ratio (X)1.930.00
Interest Coverage Ratio (Post Tax) (X)1.650.00
Enterprise Value (Cr.)2322.330.00
EV / Net Operating Revenue (X)1.990.00
EV / EBITDA (X)65.020.00
MarketCap / Net Operating Revenue (X)2.120.00
Price / BV (X)4.370.00
Price / Net Operating Revenue (X)2.120.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bajel Projects Ltd as of November 17, 2024 is: 51.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 17, 2024, Bajel Projects Ltd is Overvalued by 78.80% compared to the current share price 241.00

Intrinsic Value of Bajel Projects Ltd as of November 17, 2024 is: 83.57

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 17, 2024, Bajel Projects Ltd is Overvalued by 65.32% compared to the current share price 241.00

Last 5 Year EPS CAGR: 63.57%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (545.67 cr) compared to borrowings (67.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (222.00 cr) and profit (5.67 cr) over the years.
  1. The stock has a low average ROCE of 3.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 147.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 56.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bajel Projects Ltd:
    1. Net Profit Margin: 0.36%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.01% (Industry Average ROCE: 6.19%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0.75% (Industry Average ROE: 0.91%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.65
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.34
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 109 (Industry average Stock P/E: 109)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Engineering - General
INDUSTRYADDRESSCONTACT
801, Rustomjee Aspiree, Bhanu Shankar Yagnik Marg, Mumbai Maharashtra 400022Mr.Shekhar%20Bajaj
Chairman%20&%20Non-Exe.Director
Management
NamePosition Held
Mr. Rajesh GaneshManaging Director & CEO
Mr. Ajay NagleExecutive Director & Company Secretary
Mr. Rajendra Prasad SinghIndependent Director
Ms. Radhika DudhatIndependent Director
Mr. Maneck DavarIndependent Director

FAQ

What is the latest intrinsic value of Bajel Projects Ltd?

The latest intrinsic value of Bajel Projects Ltd as on 17 November 2024 is ₹51.09, which is 78.80% lower than the current market price of ₹241.00.

What is the Market Cap of Bajel Projects Ltd?

The Market Cap of Bajel Projects Ltd is 2,783 Cr..

What is the current Stock Price of Bajel Projects Ltd as on 17 November 2024?

The current stock price of Bajel Projects Ltd as on 17 November 2024 is ₹241.

What is the High / Low of Bajel Projects Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bajel Projects Ltd stocks is 330/108.

What is the Stock P/E of Bajel Projects Ltd?

The Stock P/E of Bajel Projects Ltd is 109.

What is the Book Value of Bajel Projects Ltd?

The Book Value of Bajel Projects Ltd is 50.5.

What is the Dividend Yield of Bajel Projects Ltd?

The Dividend Yield of Bajel Projects Ltd is 0.00 %.

What is the ROCE of Bajel Projects Ltd?

The ROCE of Bajel Projects Ltd is 6.19 %.

What is the ROE of Bajel Projects Ltd?

The ROE of Bajel Projects Ltd is 0.91 %.

What is the Face Value of Bajel Projects Ltd?

The Face Value of Bajel Projects Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajel Projects Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE