Share Price and Basic Stock Data
Last Updated: October 18, 2025, 7:42 pm
| PEG Ratio | 3.58 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Bajel Projects Ltd has shown a significant upward trajectory in its revenue, with reported sales rising from ₹66.94 Cr in September 2022 to ₹199.95 Cr in September 2023. The company recorded a remarkable surge to ₹275.08 Cr by December 2023, indicating a strong momentum in top-line growth. For the fiscal year ending March 2025, total sales stood at ₹2,598 Cr, highlighting a substantial increase compared to ₹664 Cr in March 2023. This growth trend is accompanied by an increasing operational scale, reflected in the quarterly sales figures that consistently rose, peaking at ₹801.42 Cr in March 2025. However, expenses also escalated, with total expenses reaching ₹2,539 Cr in March 2025, suggesting that while revenue is growing, cost management remains a critical area for the company. The operating profit margin (OPM) has improved marginally, moving from -5% in March 2023 to 2% by March 2025, although it remains below desired levels. Overall, the revenue trends underscore Bajel Projects’ potential for growth, albeit with caution warranted regarding expense control.
Profitability and Efficiency Metrics
The profitability metrics for Bajel Projects Ltd reveal a gradual recovery from losses in previous periods. The company recorded a net profit of ₹15 Cr for the fiscal year ending March 2025, a substantial improvement from a loss of ₹2 Cr in March 2023. This is complemented by an earnings per share (EPS) of ₹1.34, showcasing a turnaround in profitability. However, the return on equity (ROE) stood at a modest 2.68%, indicating that while the company is generating profit, its efficiency in utilizing equity capital remains low compared to industry standards. The interest coverage ratio (ICR) recorded at 1.69x suggests that Bajel Projects is just adequately managing its interest obligations, which may pose risks if earnings do not continue to improve. Additionally, the cash conversion cycle (CCC) has significantly decreased from 81 days in March 2023 to just 15 days in March 2025, reflecting enhanced operational efficiency and better working capital management. Nevertheless, the low net profit margin of 0.59% indicates that profitability remains a challenge, necessitating ongoing focus on cost structure optimization.
Balance Sheet Strength and Financial Ratios
Bajel Projects Ltd’s balance sheet reflects a mixed picture of financial health. As of March 2025, the company reported total assets of ₹1,993 Cr against total liabilities of ₹1,993 Cr, resulting in a debt-to-equity ratio of 0.18, which is relatively low and indicates a conservative approach to leveraging. Borrowings stood at ₹140 Cr, a significant increase from just ₹1 Cr in March 2023, suggesting that the company is utilizing debt to finance its growth. Reserves have also grown to ₹562 Cr, providing a cushion for future investments or operational challenges. Despite this, the current ratio of 1.13 indicates that Bajel Projects is just above the threshold of liquidity, which could be a concern if short-term obligations arise. The price-to-book value (P/BV) ratio of 2.84x indicates that the stock is trading at a premium relative to its book value, which may deter value-oriented investors. Overall, while the balance sheet shows strength in terms of low leverage and growing reserves, the liquidity ratios warrant close monitoring as the company expands.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Bajel Projects Ltd reflects a stable composition, with promoters holding 62.57% of the company as of March 2025. This significant shareholding by promoters suggests a strong alignment of interests between management and shareholders. Foreign institutional investors (FIIs) have a minimal stake of 0.31%, while domestic institutional investors (DIIs) hold 9.60%, indicating limited institutional backing. The public shareholding stands at 27.51%, which is a reasonable percentage, although the trend shows a slight decline from 29.17% in June 2024. The overall number of shareholders has decreased from 90,106 in June 2024 to 85,939 in March 2025. This decline could indicate waning investor confidence or a consolidation phase among existing shareholders. The relatively low institutional participation may limit the stock’s liquidity and could affect price stability. Nevertheless, the strong promoter holding provides a level of reassurance for retail investors regarding corporate governance and strategic direction.
Outlook, Risks, and Final Insight
If margins sustain their upward trend and the company continues to manage its expenses effectively, Bajel Projects may further enhance its profitability, potentially leading to improved investor sentiment. However, the reliance on increasing borrowings poses risks, particularly if the company faces operational challenges or market downturns. Additionally, the low ROE and net profit margin suggest that significant improvements are necessary to attract more institutional investors and bolster share price performance. The company must also address its liquidity position to ensure it can meet short-term obligations without jeopardizing growth initiatives. Overall, while Bajel Projects Ltd has demonstrated resilience and growth potential, the management will need to focus on optimizing operational efficiency, maintaining liquidity, and enhancing profitability to navigate the evolving market landscape successfully.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Bajel Projects Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Bajel Projects Ltd | 2,202 Cr. | 190 | 308/145 | 166 | 50.6 | 0.00 % | 12.9 % | 2.68 % | 2.00 |
| Aartech Solonics Ltd | 183 Cr. | 57.4 | 106/49.8 | 69.1 | 9.90 | 0.22 % | 5.64 % | 8.23 % | 5.00 |
| Voltamp Transformers Ltd | 7,186 Cr. | 7,103 | 13,464/5,900 | 22.1 | 1,569 | 1.41 % | 29.1 % | 21.7 % | 10.0 |
| Transformers & Rectifiers India Ltd (TRIL) | 14,533 Cr. | 484 | 650/355 | 56.1 | 41.7 | 0.04 % | 28.0 % | 23.4 % | 1.00 |
| Power Grid Corporation of India Ltd | 2,69,485 Cr. | 290 | 345/247 | 17.5 | 99.6 | 3.11 % | 12.8 % | 17.0 % | 10.0 |
| Industry Average | 39,942.38 Cr | 1,334.28 | 53.84 | 280.07 | 0.68% | 18.23% | 15.50% | 5.25 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 66.94 | 175.01 | 197.77 | 205.02 | 199.95 | 275.08 | 489.16 | 512.01 | 662.41 | 622.39 | 801.42 | 607.64 |
| Expenses | 72.18 | 179.92 | 204.48 | 207.57 | 203.96 | 265.96 | 481.31 | 504.91 | 645.61 | 607.75 | 780.68 | 591.09 |
| Operating Profit | -5.24 | -4.91 | -6.71 | -2.55 | -4.01 | 9.12 | 7.85 | 7.10 | 16.80 | 14.64 | 20.74 | 16.55 |
| OPM % | -7.83% | -2.81% | -3.39% | -1.24% | -2.01% | 3.32% | 1.60% | 1.39% | 2.54% | 2.35% | 2.59% | 2.72% |
| Other Income | 13.14 | 7.02 | 10.72 | 4.12 | 2.15 | 0.97 | 10.39 | 11.70 | 5.15 | 7.45 | 6.60 | 8.38 |
| Interest | 0.66 | 1.48 | 4.00 | 2.34 | 2.16 | 3.97 | 10.07 | 9.19 | 11.93 | 15.45 | 16.95 | 15.87 |
| Depreciation | 2.73 | 2.00 | 0.68 | 1.24 | 1.40 | 1.43 | 1.75 | 2.16 | 3.26 | 3.21 | 4.06 | 4.61 |
| Profit before tax | 4.51 | -1.37 | -0.67 | -2.01 | -5.42 | 4.69 | 6.42 | 7.45 | 6.76 | 3.43 | 6.33 | 4.45 |
| Tax % | 30.38% | 2.19% | 16.42% | -14.93% | -18.08% | 28.36% | -10.28% | 25.91% | 45.86% | 57.43% | 23.85% | 25.62% |
| Net Profit | 3.14 | -1.40 | -0.78 | -1.70 | -4.44 | 3.36 | 7.07 | 5.52 | 3.66 | 1.46 | 4.82 | 3.32 |
| EPS in Rs | -0.39 | 0.29 | 0.61 | 0.48 | 0.32 | 0.13 | 0.42 | 0.29 |
Last Updated: August 19, 2025, 10:45 pm
Below is a detailed analysis of the quarterly data for Bajel Projects Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 607.64 Cr.. The value appears to be declining and may need further review. It has decreased from 801.42 Cr. (Mar 2025) to 607.64 Cr., marking a decrease of 193.78 Cr..
- For Expenses, as of Jun 2025, the value is 591.09 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 780.68 Cr. (Mar 2025) to 591.09 Cr., marking a decrease of 189.59 Cr..
- For Operating Profit, as of Jun 2025, the value is 16.55 Cr.. The value appears to be declining and may need further review. It has decreased from 20.74 Cr. (Mar 2025) to 16.55 Cr., marking a decrease of 4.19 Cr..
- For OPM %, as of Jun 2025, the value is 2.72%. The value appears strong and on an upward trend. It has increased from 2.59% (Mar 2025) to 2.72%, marking an increase of 0.13%.
- For Other Income, as of Jun 2025, the value is 8.38 Cr.. The value appears strong and on an upward trend. It has increased from 6.60 Cr. (Mar 2025) to 8.38 Cr., marking an increase of 1.78 Cr..
- For Interest, as of Jun 2025, the value is 15.87 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 16.95 Cr. (Mar 2025) to 15.87 Cr., marking a decrease of 1.08 Cr..
- For Depreciation, as of Jun 2025, the value is 4.61 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.06 Cr. (Mar 2025) to 4.61 Cr., marking an increase of 0.55 Cr..
- For Profit before tax, as of Jun 2025, the value is 4.45 Cr.. The value appears to be declining and may need further review. It has decreased from 6.33 Cr. (Mar 2025) to 4.45 Cr., marking a decrease of 1.88 Cr..
- For Tax %, as of Jun 2025, the value is 25.62%. The value appears to be increasing, which may not be favorable. It has increased from 23.85% (Mar 2025) to 25.62%, marking an increase of 1.77%.
- For Net Profit, as of Jun 2025, the value is 3.32 Cr.. The value appears to be declining and may need further review. It has decreased from 4.82 Cr. (Mar 2025) to 3.32 Cr., marking a decrease of 1.50 Cr..
- For EPS in Rs, as of Jun 2025, the value is 0.29. The value appears to be declining and may need further review. It has decreased from 0.42 (Mar 2025) to 0.29, marking a decrease of 0.13.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 3:49 am
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|
| Sales | 664 | 1,169 | 2,598 | 2,694 |
| Expenses | 694 | 1,153 | 2,532 | 2,625 |
| Operating Profit | -30 | 16 | 66 | 69 |
| OPM % | -5% | 1% | 3% | 3% |
| Other Income | 54 | 18 | 31 | 28 |
| Interest | 18 | 24 | 60 | 60 |
| Depreciation | 6 | 6 | 13 | 15 |
| Profit before tax | -0 | 4 | 24 | 21 |
| Tax % | 468% | -17% | 35% | |
| Net Profit | -2 | 4 | 15 | 13 |
| EPS in Rs | 0.37 | 1.34 | 1.16 | |
| Dividend Payout % | 0% | 0% | 0% |
YoY Net Profit Growth
| Year | 2023-2024 | 2024-2025 |
|---|---|---|
| YoY Net Profit Growth (%) | 300.00% | 275.00% |
| Change in YoY Net Profit Growth (%) | 0.00% | -25.00% |
Bajel Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 2 years from 2023-2024 to 2024-2025.
Growth
Last Updated: September 5, 2025, 2:36 pm
Balance Sheet
Last Updated: July 25, 2025, 1:45 pm
| Month | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Equity Capital | 23 | 23 | 23 |
| Reserves | 534 | 543 | 562 |
| Borrowings | 1 | 15 | 140 |
| Other Liabilities | 377 | 762 | 1,269 |
| Total Liabilities | 935 | 1,343 | 1,993 |
| Fixed Assets | 48 | 69 | 98 |
| CWIP | 1 | 0 | 0 |
| Investments | 0 | 3 | 0 |
| Other Assets | 887 | 1,271 | 1,895 |
| Total Assets | 935 | 1,343 | 1,993 |
Below is a detailed analysis of the balance sheet data for Bajel Projects Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 23.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 23.00 Cr..
- For Reserves, as of Mar 2025, the value is 562.00 Cr.. The value appears strong and on an upward trend. It has increased from 543.00 Cr. (Mar 2024) to 562.00 Cr., marking an increase of 19.00 Cr..
- For Borrowings, as of Mar 2025, the value is 140.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 15.00 Cr. (Mar 2024) to 140.00 Cr., marking an increase of 125.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 1,269.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 762.00 Cr. (Mar 2024) to 1,269.00 Cr., marking an increase of 507.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 1,993.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,343.00 Cr. (Mar 2024) to 1,993.00 Cr., marking an increase of 650.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 98.00 Cr.. The value appears strong and on an upward trend. It has increased from 69.00 Cr. (Mar 2024) to 98.00 Cr., marking an increase of 29.00 Cr..
- For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Investments, as of Mar 2025, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3.00 Cr. (Mar 2024) to 0.00 Cr., marking a decrease of 3.00 Cr..
- For Other Assets, as of Mar 2025, the value is 1,895.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,271.00 Cr. (Mar 2024) to 1,895.00 Cr., marking an increase of 624.00 Cr..
- For Total Assets, as of Mar 2025, the value is 1,993.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,343.00 Cr. (Mar 2024) to 1,993.00 Cr., marking an increase of 650.00 Cr..
Notably, the Reserves (562.00 Cr.) exceed the Borrowings (140.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Free Cash Flow | -31.00 | 1.00 | -74.00 |
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.
Financial Efficiency Indicators
| Month | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Debtor Days | 203 | 190 | 136 |
| Inventory Days | 74 | 42 | 24 |
| Days Payable | 196 | 201 | 145 |
| Cash Conversion Cycle | 81 | 31 | 15 |
| Working Capital Days | 233 | 62 | -12 |
| ROCE % | 6% | 13% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund | 6,150,393 | 0.19 | 124.81 | 3,062,071 | 2025-10-15 07:21:28 | 100.86% |
| Nippon India Power & Infra Fund | 3,153,664 | 0.87 | 64 | N/A | N/A | N/A |
| Nippon India Retirement Fund - Wealth Creation Scheme | 712,744 | 0.45 | 14.46 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 |
|---|---|---|
| FaceValue | 2.00 | 2.00 |
| Basic EPS (Rs.) | 1.34 | 0.37 |
| Diluted EPS (Rs.) | 1.33 | 0.37 |
| Cash EPS (Rs.) | 2.43 | 0.87 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 57.63 | 49.11 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 57.63 | 49.11 |
| Revenue From Operations / Share (Rs.) | 224.76 | 101.42 |
| PBDIT / Share (Rs.) | 7.80 | 3.10 |
| PBIT / Share (Rs.) | 6.70 | 2.59 |
| PBT / Share (Rs.) | 2.07 | 0.31 |
| Net Profit / Share (Rs.) | 1.34 | 0.37 |
| NP After MI And SOA / Share (Rs.) | 1.34 | 0.37 |
| PBDIT Margin (%) | 3.47 | 3.05 |
| PBIT Margin (%) | 2.98 | 2.55 |
| PBT Margin (%) | 0.92 | 0.31 |
| Net Profit Margin (%) | 0.59 | 0.36 |
| NP After MI And SOA Margin (%) | 0.59 | 0.36 |
| Return on Networth / Equity (%) | 2.32 | 0.75 |
| Return on Capital Employeed (%) | 11.05 | 5.01 |
| Return On Assets (%) | 0.74 | 0.31 |
| Total Debt / Equity (X) | 0.18 | 0.00 |
| Asset Turnover Ratio (%) | 1.52 | 0.00 |
| Current Ratio (X) | 1.13 | 1.47 |
| Quick Ratio (X) | 1.04 | 1.34 |
| Inventory Turnover Ratio (X) | 22.73 | 0.00 |
| Interest Coverage Ratio (X) | 1.69 | 1.93 |
| Interest Coverage Ratio (Post Tax) (X) | 1.29 | 1.65 |
| Enterprise Value (Cr.) | 1743.26 | 2322.33 |
| EV / Net Operating Revenue (X) | 0.67 | 1.99 |
| EV / EBITDA (X) | 19.33 | 65.02 |
| MarketCap / Net Operating Revenue (X) | 0.72 | 2.12 |
| Price / BV (X) | 2.84 | 4.37 |
| Price / Net Operating Revenue (X) | 0.72 | 2.12 |
| EarningsYield | 0.01 | 0.00 |
After reviewing the key financial ratios for Bajel Projects Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 1.34. This value is below the healthy minimum of 5. It has increased from 0.37 (Mar 24) to 1.34, marking an increase of 0.97.
- For Diluted EPS (Rs.), as of Mar 25, the value is 1.33. This value is below the healthy minimum of 5. It has increased from 0.37 (Mar 24) to 1.33, marking an increase of 0.96.
- For Cash EPS (Rs.), as of Mar 25, the value is 2.43. This value is below the healthy minimum of 3. It has increased from 0.87 (Mar 24) to 2.43, marking an increase of 1.56.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 57.63. It has increased from 49.11 (Mar 24) to 57.63, marking an increase of 8.52.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 57.63. It has increased from 49.11 (Mar 24) to 57.63, marking an increase of 8.52.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 224.76. It has increased from 101.42 (Mar 24) to 224.76, marking an increase of 123.34.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 7.80. This value is within the healthy range. It has increased from 3.10 (Mar 24) to 7.80, marking an increase of 4.70.
- For PBIT / Share (Rs.), as of Mar 25, the value is 6.70. This value is within the healthy range. It has increased from 2.59 (Mar 24) to 6.70, marking an increase of 4.11.
- For PBT / Share (Rs.), as of Mar 25, the value is 2.07. This value is within the healthy range. It has increased from 0.31 (Mar 24) to 2.07, marking an increase of 1.76.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 1.34. This value is below the healthy minimum of 2. It has increased from 0.37 (Mar 24) to 1.34, marking an increase of 0.97.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 1.34. This value is below the healthy minimum of 2. It has increased from 0.37 (Mar 24) to 1.34, marking an increase of 0.97.
- For PBDIT Margin (%), as of Mar 25, the value is 3.47. This value is below the healthy minimum of 10. It has increased from 3.05 (Mar 24) to 3.47, marking an increase of 0.42.
- For PBIT Margin (%), as of Mar 25, the value is 2.98. This value is below the healthy minimum of 10. It has increased from 2.55 (Mar 24) to 2.98, marking an increase of 0.43.
- For PBT Margin (%), as of Mar 25, the value is 0.92. This value is below the healthy minimum of 10. It has increased from 0.31 (Mar 24) to 0.92, marking an increase of 0.61.
- For Net Profit Margin (%), as of Mar 25, the value is 0.59. This value is below the healthy minimum of 5. It has increased from 0.36 (Mar 24) to 0.59, marking an increase of 0.23.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 0.59. This value is below the healthy minimum of 8. It has increased from 0.36 (Mar 24) to 0.59, marking an increase of 0.23.
- For Return on Networth / Equity (%), as of Mar 25, the value is 2.32. This value is below the healthy minimum of 15. It has increased from 0.75 (Mar 24) to 2.32, marking an increase of 1.57.
- For Return on Capital Employeed (%), as of Mar 25, the value is 11.05. This value is within the healthy range. It has increased from 5.01 (Mar 24) to 11.05, marking an increase of 6.04.
- For Return On Assets (%), as of Mar 25, the value is 0.74. This value is below the healthy minimum of 5. It has increased from 0.31 (Mar 24) to 0.74, marking an increase of 0.43.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.18. This value is within the healthy range. It has increased from 0.00 (Mar 24) to 0.18, marking an increase of 0.18.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.52. It has increased from 0.00 (Mar 24) to 1.52, marking an increase of 1.52.
- For Current Ratio (X), as of Mar 25, the value is 1.13. This value is below the healthy minimum of 1.5. It has decreased from 1.47 (Mar 24) to 1.13, marking a decrease of 0.34.
- For Quick Ratio (X), as of Mar 25, the value is 1.04. This value is within the healthy range. It has decreased from 1.34 (Mar 24) to 1.04, marking a decrease of 0.30.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 22.73. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 22.73, marking an increase of 22.73.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 1.69. This value is below the healthy minimum of 3. It has decreased from 1.93 (Mar 24) to 1.69, marking a decrease of 0.24.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.29. This value is below the healthy minimum of 3. It has decreased from 1.65 (Mar 24) to 1.29, marking a decrease of 0.36.
- For Enterprise Value (Cr.), as of Mar 25, the value is 1,743.26. It has decreased from 2,322.33 (Mar 24) to 1,743.26, marking a decrease of 579.07.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.67. This value is below the healthy minimum of 1. It has decreased from 1.99 (Mar 24) to 0.67, marking a decrease of 1.32.
- For EV / EBITDA (X), as of Mar 25, the value is 19.33. This value exceeds the healthy maximum of 15. It has decreased from 65.02 (Mar 24) to 19.33, marking a decrease of 45.69.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.72. This value is below the healthy minimum of 1. It has decreased from 2.12 (Mar 24) to 0.72, marking a decrease of 1.40.
- For Price / BV (X), as of Mar 25, the value is 2.84. This value is within the healthy range. It has decreased from 4.37 (Mar 24) to 2.84, marking a decrease of 1.53.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.72. This value is below the healthy minimum of 1. It has decreased from 2.12 (Mar 24) to 0.72, marking a decrease of 1.40.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 24) to 0.01, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
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:
- Net Profit Margin: 0.59%
- 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.
- ROCE: 11.05% (Industry Average ROCE: 18.23%)
- 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.
- ROE%: 2.32% (Industry Average ROE: 15.5%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 1.29
- 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.
- Quick Ratio: 1.04
- 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.
- Stock P/E: 166 (Industry average Stock P/E: 53.84)
- 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.
- Total Debt / Equity: 0.18
- 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.
Stock Rating: - Net Profit Margin: 0.59%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Power - Transmission/Equipment | 801, Rustomjee Aspiree, Bhanu Shankar Yagnik Marg, Mumbai Maharashtra 400022 | legal@bajelprojects.com http://www.bajelprojects.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Shekhar Bajaj | Chairman & Non-Exe.Director |
| Mr. Rajesh Ganesh | Managing Director & CEO |
| Mr. Ajay Nagle | Executive Director & Company Secretary |
| Mr. Rajendra Prasad Singh | Ind. Non-Executive Director |
| Ms. Radhika Dudhat | Ind. Non-Executive Director |
| Mr. Maneck Davar | Ind. Non-Executive Director |
| Mr. Sudarshan Sampathkumar | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of Bajel Projects Ltd?
Bajel Projects Ltd's intrinsic value (as of 20 October 2025) is 183.69 which is 3.32% lower the current market price of 190.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,202 Cr. market cap, FY2025-2026 high/low of 308/145, reserves of ₹562 Cr, and liabilities of 1,993 Cr.
What is the Market Cap of Bajel Projects Ltd?
The Market Cap of Bajel Projects Ltd is 2,202 Cr..
What is the current Stock Price of Bajel Projects Ltd as on 20 October 2025?
The current stock price of Bajel Projects Ltd as on 20 October 2025 is 190.
What is the High / Low of Bajel Projects Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Bajel Projects Ltd stocks is 308/145.
What is the Stock P/E of Bajel Projects Ltd?
The Stock P/E of Bajel Projects Ltd is 166.
What is the Book Value of Bajel Projects Ltd?
The Book Value of Bajel Projects Ltd is 50.6.
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 12.9 %.
What is the ROE of Bajel Projects Ltd?
The ROE of Bajel Projects Ltd is 2.68 %.
What is the Face Value of Bajel Projects Ltd?
The Face Value of Bajel Projects Ltd is 2.00.