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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 544042 | NSE: BAJEL

Fundamental Analysis of Bajel Projects Ltd

Basic Stock Data

Last Updated: July 20, 2024, 10:14 pm

Market Cap 3,121 Cr.
Current Price 271
High / Low330/108
Stock P/E311
Book Value 49.1
Dividend Yield0.00 %
ROCE10.3 %
ROE3.54 %
Face Value 2.00
PEG Ratio0.00

Data Source: screener.in

Competitors of Bajel Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Quarterly Result

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales66.94175.01197.77205.02199.95275.08489.16
Expenses72.18179.92204.48207.57203.96265.96481.31
Operating Profit-5.24-4.91-6.71-2.55-4.019.127.85
OPM %-7.83%-2.81%-3.39%-1.24%-2.01%3.32%1.60%
Other Income13.147.0210.724.122.150.9710.39
Interest0.661.484.002.342.163.9710.07
Depreciation2.732.000.681.241.401.431.75
Profit before tax4.51-1.37-0.67-2.01-5.424.696.42
Tax %30.38%-2.19%-16.42%14.93%18.08%28.36%-10.28%
Net Profit3.14-1.40-0.78-1.70-4.443.367.07
EPS in Rs-0.390.290.61

Last Updated: July 10, 2024, 11:10 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 11:10 pm

MonthMar 2023Mar 2024
Sales01,169
Expenses01,159
Operating Profit-010
OPM %-6%1%
Other Income018
Interest019
Depreciation06
Profit before tax-04
Tax %0%-17%
Net Profit-04
EPS in Rs0.37
Dividend Payout %0%0%

Profit & Loss Yearly Chart

Unable to calculate Year-wise YoY Net Profit Growth.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:3443%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:4%

Last Updated: July 17, 2024, 4:49 pm

Balance Sheet

Last Updated: July 10, 2024, 11:10 pm

MonthMar 2023Mar 2024
Equity Capital023
Reserves-0543
Borrowings015
Other Liabilities0762
Total Liabilities01,343
Fixed Assets069
CWIP00
Investments03
Other Assets01,271
Total Assets01,343

Reserves and Borrowings Chart

Cash Flow

MonthMar 2023Mar 2024
Cash from Operating Activity -0195
Cash from Investing Activity 0-135
Cash from Financing Activity 0-15
Net Cash Flow046

Free Cash Flow

MonthMar 2023Mar 2024
Free Cash Flow0.00-5.00

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 Days190
Inventory Days42
Days Payable144
Cash Conversion Cycle88
Working Capital Days63
ROCE %

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024
Promoters62.85%62.85%62.75%
FIIs10.51%10.46%0.51%
DIIs11.98%12.03%8.07%
Public14.66%14.66%28.67%
No. of Shareholders63,36362,79683,268

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 Plan5,545,8220.42120.48285,8022024-07-201840.44%
Nippon India Small Cap Fund3,062,0710.1466.52285,8022024-07-20971.4%
HDFC Retirement Savings Fund - Equity - Regular Plan340,0000.167.39285,8022024-07-2018.96%
HDFC Multi Cap Fund285,8020.056.21285,8022024-07-200%
Baroda BNP Paribas Flexi Cap Fund143,8000.253.12285,8022024-07-20-49.69%
LIC MF ULIS 10 Yrs Regular Premium Reducing cover58,6210.261.27285,8022024-07-20-79.49%
LIC MF ULIS 10 Yrs Regular Premium Uniform cover58,6210.261.27285,8022024-07-20-79.49%
LIC MF ULIS 10 Yrs Single Premium58,6210.261.27285,8022024-07-20-79.49%
LIC MF ULIS 15 Yrs Regular Premium Reducing cover58,6210.261.27285,8022024-07-20-79.49%
LIC MF ULIS 15 Yrs Regular Premium Uniform cover58,6210.261.27285,8022024-07-20-79.49%

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: 551.37

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.

Undervalued: 103.46% compared to the current price 271

Intrinsic Value: 645.37

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 138.14% compared to the current price 271

Last 5 Year EPS CAGR: 17.05%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (271.50 cr) compared to borrowings (7.50 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (0.50 cr) and profit (2.00 cr) over the years.
  1. The stock has a low average ROCE of 0.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 31.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 44.00, 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: %)
      • 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: %)
      • 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: 311 (Industry average Stock P/E: )
      • 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: N/A
      • 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

Engineering - General
INDUSTRYADDRESSCONTACT
Rustomjee Aspiree, Anik Wadala Link Road, Sion East, Mumbai Maharashtra 400022Mr.Shekhar%20Bajaj
Chairman%20&%20Non-Exe.Director
Management
NamePosition Held
Mr. Rajesh GaneshManaging Director
Mr. Ajay NagleExecutive Director & Company Secretary
Mr. Rajendra Prasad SinghIndependent Director
Mr. Radhika DudhatIndependent Director
Mr. Maneck DavarIndependent Director

FAQ

What is the latest fair value of Bajel Projects Ltd?

The latest fair value of Bajel Projects Ltd is ₹551.37.

What is the Market Cap of Bajel Projects Ltd?

The Market Cap of Bajel Projects Ltd is 3,121 Cr..

What is the current Stock Price of Bajel Projects Ltd as on 21 July 2024?

The current stock price of Bajel Projects Ltd as on 21 July 2024 is 271.

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 311.

What is the Book Value of Bajel Projects Ltd?

The Book Value of Bajel Projects Ltd is 49.1.

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 10.3 %.

What is the ROE of Bajel Projects Ltd?

The ROE of Bajel Projects Ltd is 3.54 %.

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