Share Price and Basic Stock Data
Last Updated: November 6, 2025, 9:55 pm
| PEG Ratio | -42.03 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Praj Industries Ltd, operating in the heavy engineering sector, reported a price of ₹336 and a market capitalization of ₹6,167 Cr. The company’s revenue from operations for the financial year ending March 2025 stood at ₹3,228 Cr, showing a decrease from the previous year’s ₹3,466 Cr. This decline reflects a broader trend observed in the quarterly sales, where revenues peaked at ₹1,003.98 Cr in March 2023 but fell to ₹699.14 Cr by June 2024. Praj Industries has demonstrated resilience with a consistent sales trajectory that has generally trended upwards from ₹2,333 Cr in FY 2022 to ₹3,528 Cr in FY 2023. However, the recent dip in revenue raises questions about the sustainability of this growth. The company reported an operating profit margin (OPM) of 10% in March 2024, significantly higher than the typical sector average, indicating efficiency in managing operational costs.
Profitability and Efficiency Metrics
Praj Industries reported a net profit of ₹219 Cr for the financial year ending March 2025, down from ₹283 Cr in March 2024. The decline in profitability is illustrated by a net profit margin of 6.78% for the same period, compared to 8.17% in the prior year. The company’s return on equity (ROE) stood at 15.84%, while the return on capital employed (ROCE) was recorded at 18.59%, both of which are generally favorable compared to industry norms. Operating profit for the financial year 2025 was ₹315 Cr, with a corresponding operating profit margin of 10%. Efficiency metrics such as the cash conversion cycle (CCC) improved to 12 days in March 2025, highlighting effective management of working capital. However, the increase in interest expenses, which rose to ₹19 Cr, suggests growing financial obligations that could affect future profitability.
Balance Sheet Strength and Financial Ratios
The balance sheet of Praj Industries reflects a robust financial position with total assets amounting to ₹3,157 Cr as of March 2025. Reserves increased to ₹1,345 Cr, demonstrating a solid foundation for future growth. The company maintained relatively low borrowings of ₹195 Cr, resulting in a debt-to-equity ratio of 0.00, indicating a conservative approach to leveraging. The interest coverage ratio (ICR) stood at 19.95x, suggesting that the company can comfortably meet its interest obligations. Financial ratios such as the price-to-book value (P/BV) ratio of 7.38x indicate that the stock is trading at a premium relative to its book value, reflecting investor confidence. However, the decline in the current ratio to 1.51x raises concerns about short-term liquidity, necessitating careful monitoring of cash flows.
Shareholding Pattern and Investor Confidence
Praj Industries’ shareholding pattern reveals a diverse ownership structure, with promoters holding 32.81%, foreign institutional investors (FIIs) at 17.53%, and domestic institutional investors (DIIs) at 14.83%. The public holds a substantial 34.82%, reflecting broad retail participation. The number of shareholders increased to 4,03,110 by June 2025, indicating growing interest in the company. While the promoter holding has remained stable, the slight decrease in FII and DII percentages could suggest shifting sentiment among institutional investors. The dividend payout ratio for the financial year 2025 was reported at 50.38%, showcasing a commitment to returning value to shareholders despite recent profit declines. This level of payout might reassure investors, but it also raises questions about retained earnings and future growth investments.
Outlook, Risks, and Final Insight
The outlook for Praj Industries appears cautiously optimistic, given its strong operational metrics and a solid balance sheet. However, potential risks such as declining revenues, increasing interest expenses, and fluctuating profit margins could pose challenges in maintaining growth momentum. The company must navigate these risks while leveraging its strengths, including a strong market position and efficient operational management. Furthermore, shifts in domestic and global economic conditions, along with changes in government policy related to the engineering sector, could significantly impact performance. Should Praj Industries successfully adapt to these challenges and capitalize on emerging opportunities, it could enhance shareholder value and sustain its competitive edge in the heavy engineering industry.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Praj Industries Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Lakshmi Engineering & Warehousing Ltd | 148 Cr. | 2,211 | 2,787/1,805 | 185 | 325 | 0.45 % | 5.84 % | 4.01 % | 100 |
| HLE Glascoat Ltd | 4,038 Cr. | 592 | 662/218 | 71.7 | 67.3 | 0.19 % | 12.5 % | 10.7 % | 2.00 |
| Harish Textile Engineers Ltd | 19.3 Cr. | 57.9 | 103/52.4 | 14.6 | 26.6 | 0.00 % | 9.56 % | 2.84 % | 10.0 |
| Disa India Ltd | 1,967 Cr. | 13,527 | 18,750/13,100 | 38.0 | 1,905 | 1.48 % | 28.9 % | 21.2 % | 10.0 |
| Cranex Ltd | 51.6 Cr. | 78.6 | 169/75.0 | 25.9 | 36.8 | 0.00 % | 10.3 % | 11.1 % | 10.0 |
| Industry Average | 10,841.52 Cr | 1,470.08 | 49.37 | 293.34 | 0.32% | 15.76% | 12.90% | 8.88 |
Quarterly Result
| Metric | Jun 2022 | 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 | 731.97 | 880.62 | 911.47 | 1,003.98 | 736.72 | 882.37 | 828.62 | 1,018.56 | 699.14 | 816.19 | 853.03 | 859.68 | 640.20 |
| Expenses | 676.07 | 813.01 | 825.30 | 895.65 | 661.23 | 798.35 | 731.07 | 887.82 | 607.16 | 729.98 | 780.32 | 785.75 | 608.77 |
| Operating Profit | 55.90 | 67.61 | 86.17 | 108.33 | 75.49 | 84.02 | 97.55 | 130.74 | 91.98 | 86.21 | 72.71 | 73.93 | 31.43 |
| OPM % | 7.64% | 7.68% | 9.45% | 10.79% | 10.25% | 9.52% | 11.77% | 12.84% | 13.16% | 10.56% | 8.52% | 8.60% | 4.91% |
| Other Income | 5.47 | 6.17 | 7.76 | 16.20 | 12.12 | 10.89 | 9.06 | 11.43 | 40.14 | 13.51 | 13.77 | 11.57 | 8.59 |
| Interest | 0.74 | 0.82 | 0.83 | 2.24 | 1.10 | 1.03 | 3.84 | 3.82 | 4.92 | 4.72 | 4.38 | 4.81 | 5.20 |
| Depreciation | 6.39 | 7.19 | 7.19 | 9.48 | 8.81 | 9.07 | 10.85 | 15.33 | 20.16 | 20.56 | 23.28 | 22.44 | 25.21 |
| Profit before tax | 54.24 | 65.77 | 85.91 | 112.81 | 77.70 | 84.81 | 91.92 | 123.02 | 107.04 | 74.44 | 58.82 | 58.25 | 9.61 |
| Tax % | 23.91% | 26.84% | 27.46% | 21.89% | 24.48% | 26.46% | 23.39% | 25.27% | 21.36% | 27.69% | 30.13% | 31.66% | 44.43% |
| Net Profit | 41.26 | 48.13 | 62.31 | 88.12 | 58.67 | 62.36 | 70.42 | 91.93 | 84.18 | 53.83 | 41.11 | 39.81 | 5.34 |
| EPS in Rs | 2.25 | 2.62 | 3.39 | 4.80 | 3.19 | 3.39 | 3.83 | 5.00 | 4.58 | 2.93 | 2.24 | 2.17 | 0.29 |
Last Updated: August 20, 2025, 5:10 am
Below is a detailed analysis of the quarterly data for Praj Industries 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 640.20 Cr.. The value appears to be declining and may need further review. It has decreased from 859.68 Cr. (Mar 2025) to 640.20 Cr., marking a decrease of 219.48 Cr..
- For Expenses, as of Jun 2025, the value is 608.77 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 785.75 Cr. (Mar 2025) to 608.77 Cr., marking a decrease of 176.98 Cr..
- For Operating Profit, as of Jun 2025, the value is 31.43 Cr.. The value appears to be declining and may need further review. It has decreased from 73.93 Cr. (Mar 2025) to 31.43 Cr., marking a decrease of 42.50 Cr..
- For OPM %, as of Jun 2025, the value is 4.91%. The value appears to be declining and may need further review. It has decreased from 8.60% (Mar 2025) to 4.91%, marking a decrease of 3.69%.
- For Other Income, as of Jun 2025, the value is 8.59 Cr.. The value appears to be declining and may need further review. It has decreased from 11.57 Cr. (Mar 2025) to 8.59 Cr., marking a decrease of 2.98 Cr..
- For Interest, as of Jun 2025, the value is 5.20 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.81 Cr. (Mar 2025) to 5.20 Cr., marking an increase of 0.39 Cr..
- For Depreciation, as of Jun 2025, the value is 25.21 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 22.44 Cr. (Mar 2025) to 25.21 Cr., marking an increase of 2.77 Cr..
- For Profit before tax, as of Jun 2025, the value is 9.61 Cr.. The value appears to be declining and may need further review. It has decreased from 58.25 Cr. (Mar 2025) to 9.61 Cr., marking a decrease of 48.64 Cr..
- For Tax %, as of Jun 2025, the value is 44.43%. The value appears to be increasing, which may not be favorable. It has increased from 31.66% (Mar 2025) to 44.43%, marking an increase of 12.77%.
- For Net Profit, as of Jun 2025, the value is 5.34 Cr.. The value appears to be declining and may need further review. It has decreased from 39.81 Cr. (Mar 2025) to 5.34 Cr., marking a decrease of 34.47 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 2.17 (Mar 2025) to 0.29, marking a decrease of 1.88.
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, 4:38 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 986 | 1,012 | 1,024 | 915 | 917 | 1,141 | 1,102 | 1,305 | 2,333 | 3,528 | 3,466 | 3,228 | 3,169 |
| Expenses | 907 | 919 | 910 | 846 | 865 | 1,062 | 1,024 | 1,192 | 2,140 | 3,220 | 3,094 | 2,913 | 2,905 |
| Operating Profit | 79 | 93 | 114 | 69 | 52 | 79 | 78 | 112 | 194 | 308 | 372 | 315 | 264 |
| OPM % | 8% | 9% | 11% | 8% | 6% | 7% | 7% | 9% | 8% | 9% | 11% | 10% | 8% |
| Other Income | 23 | 34 | 18 | 22 | 27 | 32 | 30 | 26 | 36 | 45 | 59 | 89 | 47 |
| Interest | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 10 | 19 | 19 |
| Depreciation | 24 | 38 | 25 | 22 | 24 | 23 | 22 | 22 | 23 | 30 | 44 | 86 | 91 |
| Profit before tax | 77 | 86 | 105 | 68 | 53 | 88 | 83 | 113 | 205 | 319 | 377 | 299 | 201 |
| Tax % | 27% | 9% | 22% | 34% | 26% | 22% | 15% | 28% | 27% | 25% | 25% | 27% | |
| Net Profit | 57 | 78 | 82 | 45 | 39 | 68 | 70 | 81 | 150 | 240 | 283 | 219 | 140 |
| EPS in Rs | 3.08 | 4.30 | 4.63 | 2.49 | 2.18 | 3.73 | 3.85 | 4.42 | 8.18 | 13.05 | 15.42 | 11.91 | 7.63 |
| Dividend Payout % | 72% | 38% | 35% | 65% | 74% | 57% | 70% | 49% | 51% | 34% | 39% | 50% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 36.84% | 5.13% | -45.12% | -13.33% | 74.36% | 2.94% | 15.71% | 85.19% | 60.00% | 17.92% | -22.61% |
| Change in YoY Net Profit Growth (%) | 0.00% | -31.71% | -50.25% | 31.79% | 87.69% | -71.42% | 12.77% | 69.47% | -25.19% | -42.08% | -40.53% |
Praj Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 24% |
| 3 Years: | 11% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 23% |
| 3 Years: | 9% |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 42% |
| 3 Years: | -2% |
| 1 Year: | -47% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 18% |
| 3 Years: | 20% |
| Last Year: | 14% |
Last Updated: September 5, 2025, 12:35 pm
Balance Sheet
Last Updated: October 10, 2025, 2:46 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 36 | 36 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| Reserves | 547 | 587 | 620 | 674 | 690 | 708 | 683 | 765 | 879 | 1,041 | 1,238 | 1,345 |
| Borrowings | 21 | 17 | 16 | 4 | 6 | 0 | 0 | 18 | 21 | 42 | 169 | 195 |
| Other Liabilities | 670 | 504 | 485 | 473 | 401 | 502 | 442 | 774 | 1,276 | 1,499 | 1,450 | 1,581 |
| Total Liabilities | 1,274 | 1,144 | 1,157 | 1,187 | 1,133 | 1,247 | 1,162 | 1,594 | 2,213 | 2,619 | 2,894 | 3,157 |
| Fixed Assets | 323 | 302 | 272 | 270 | 297 | 290 | 294 | 284 | 286 | 317 | 474 | 567 |
| CWIP | 2 | 1 | 1 | 31 | 4 | 2 | 2 | 1 | 2 | 7 | 43 | 18 |
| Investments | 91 | 158 | 145 | 134 | 201 | 211 | 164 | 335 | 463 | 543 | 497 | 428 |
| Other Assets | 859 | 682 | 738 | 752 | 631 | 744 | 702 | 975 | 1,461 | 1,752 | 1,880 | 2,144 |
| Total Assets | 1,274 | 1,144 | 1,157 | 1,187 | 1,133 | 1,247 | 1,162 | 1,594 | 2,213 | 2,619 | 2,894 | 3,157 |
Below is a detailed analysis of the balance sheet data for Praj Industries 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 37.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 37.00 Cr..
- For Reserves, as of Mar 2025, the value is 1,345.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,238.00 Cr. (Mar 2024) to 1,345.00 Cr., marking an increase of 107.00 Cr..
- For Borrowings, as of Mar 2025, the value is 195.00 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 169.00 Cr. (Mar 2024) to 195.00 Cr., marking an increase of 26.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 1,581.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,450.00 Cr. (Mar 2024) to 1,581.00 Cr., marking an increase of 131.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 3,157.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,894.00 Cr. (Mar 2024) to 3,157.00 Cr., marking an increase of 263.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 567.00 Cr.. The value appears strong and on an upward trend. It has increased from 474.00 Cr. (Mar 2024) to 567.00 Cr., marking an increase of 93.00 Cr..
- For CWIP, as of Mar 2025, the value is 18.00 Cr.. The value appears to be declining and may need further review. It has decreased from 43.00 Cr. (Mar 2024) to 18.00 Cr., marking a decrease of 25.00 Cr..
- For Investments, as of Mar 2025, the value is 428.00 Cr.. The value appears to be declining and may need further review. It has decreased from 497.00 Cr. (Mar 2024) to 428.00 Cr., marking a decrease of 69.00 Cr..
- For Other Assets, as of Mar 2025, the value is 2,144.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,880.00 Cr. (Mar 2024) to 2,144.00 Cr., marking an increase of 264.00 Cr..
- For Total Assets, as of Mar 2025, the value is 3,157.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,894.00 Cr. (Mar 2024) to 3,157.00 Cr., marking an increase of 263.00 Cr..
Notably, the Reserves (1,345.00 Cr.) exceed the Borrowings (195.00 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 58.00 | 76.00 | 98.00 | 65.00 | 46.00 | 79.00 | 78.00 | 94.00 | 173.00 | 266.00 | 203.00 | 120.00 |
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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 119 | 101 | 131 | 118 | 105 | 98 | 109 | 127 | 80 | 82 | 68 | 63 |
| Inventory Days | 170 | 164 | 79 | 82 | 63 | 76 | 73 | 64 | 86 | 55 | 41 | 56 |
| Days Payable | 153 | 128 | 162 | 167 | 137 | 140 | 124 | 169 | 106 | 84 | 92 | 106 |
| Cash Conversion Cycle | 136 | 137 | 48 | 33 | 30 | 33 | 59 | 21 | 60 | 54 | 16 | 12 |
| Working Capital Days | 47 | 26 | 46 | 66 | 51 | 39 | 65 | 12 | 4 | 8 | 16 | 32 |
| ROCE % | 11% | 12% | 16% | 10% | 6% | 11% | 11% | 15% | 23% | 31% | 29% | 18% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Canara Robeco Emerging Equities | 7,345,881 | 2.11 | 518.11 | 7,345,881 | 2025-04-22 17:25:22 | 0% |
| Nippon India Small Cap Fund | 5,381,627 | 0.63 | 379.57 | 5,381,627 | 2025-04-22 17:25:22 | 0% |
| Franklin India Smaller Companies Fund | 1,754,373 | 0.85 | 123.74 | 1,754,373 | 2025-04-22 02:06:43 | 0% |
| Nippon India Power & Infra Fund | 1,500,000 | 1.4 | 105.8 | 1,500,000 | 2025-04-22 05:23:31 | 0% |
| UTI Mid Cap Fund | 1,250,570 | 0.71 | 88.2 | 1,250,570 | 2025-04-22 17:25:22 | 0% |
| Motilal Oswal Small Cap Fund | 819,960 | 2.7 | 57.83 | 819,960 | 2025-04-22 17:25:22 | 0% |
| Franklin Build India Fund | 762,057 | 1.87 | 53.75 | 762,057 | 2025-04-22 17:25:22 | 0% |
| Franklin India Prima Fund | 750,000 | 0.42 | 52.9 | 750,000 | 2025-04-22 17:25:22 | 0% |
| Bandhan Core Equity Fund | 632,825 | 0.75 | 44.63 | 632,825 | 2025-04-22 17:25:22 | 0% |
| Bandhan Focused Equity Fund | 630,391 | 2.69 | 44.46 | 630,391 | 2025-04-22 17:25:22 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 11.91 | 15.42 | 13.05 | 8.18 | 4.43 |
| Diluted EPS (Rs.) | 11.91 | 15.42 | 13.05 | 8.18 | 4.43 |
| Cash EPS (Rs.) | 16.61 | 17.81 | 14.70 | 9.41 | 5.63 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 75.17 | 69.34 | 58.68 | 49.89 | 43.80 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 75.17 | 69.34 | 58.68 | 49.89 | 43.80 |
| Revenue From Operations / Share (Rs.) | 175.61 | 188.57 | 192.04 | 127.04 | 71.20 |
| PBDIT / Share (Rs.) | 20.44 | 23.46 | 19.25 | 12.52 | 7.54 |
| PBIT / Share (Rs.) | 15.73 | 21.07 | 17.60 | 11.29 | 6.33 |
| PBT / Share (Rs.) | 16.24 | 20.53 | 17.35 | 11.15 | 6.17 |
| Net Profit / Share (Rs.) | 11.91 | 15.42 | 13.05 | 8.18 | 4.42 |
| NP After MI And SOA / Share (Rs.) | 11.91 | 15.42 | 13.05 | 8.18 | 4.42 |
| PBDIT Margin (%) | 11.63 | 12.44 | 10.02 | 9.85 | 10.58 |
| PBIT Margin (%) | 8.95 | 11.17 | 9.16 | 8.88 | 8.88 |
| PBT Margin (%) | 9.24 | 10.88 | 9.03 | 8.78 | 8.66 |
| Net Profit Margin (%) | 6.78 | 8.17 | 6.79 | 6.43 | 6.21 |
| NP After MI And SOA Margin (%) | 6.78 | 8.17 | 6.79 | 6.43 | 6.21 |
| Return on Networth / Equity (%) | 15.84 | 22.23 | 22.24 | 16.40 | 10.10 |
| Return on Capital Employeed (%) | 18.59 | 26.96 | 28.91 | 21.87 | 13.97 |
| Return On Assets (%) | 6.92 | 9.78 | 9.15 | 6.78 | 5.08 |
| Total Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.42 |
| Asset Turnover Ratio (%) | 1.07 | 1.26 | 1.36 | 1.12 | 0.82 |
| Current Ratio (X) | 1.51 | 1.52 | 1.45 | 1.46 | 1.62 |
| Quick Ratio (X) | 1.36 | 1.37 | 1.23 | 1.18 | 1.45 |
| Inventory Turnover Ratio (X) | 13.62 | 6.90 | 6.51 | 6.26 | 6.23 |
| Dividend Payout Ratio (NP) (%) | 50.38 | 29.21 | 32.12 | 26.39 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 36.11 | 25.28 | 28.52 | 22.94 | 0.00 |
| Earning Retention Ratio (%) | 49.62 | 70.79 | 67.88 | 73.61 | 0.00 |
| Cash Earning Retention Ratio (%) | 63.89 | 74.72 | 71.48 | 77.06 | 0.00 |
| Interest Coverage Ratio (X) | 19.95 | 44.06 | 76.39 | 91.81 | 48.33 |
| Interest Coverage Ratio (Post Tax) (X) | 11.13 | 29.95 | 52.81 | 60.98 | 29.37 |
| Enterprise Value (Cr.) | 10012.41 | 9579.22 | 6119.01 | 7160.46 | 3776.42 |
| EV / Net Operating Revenue (X) | 3.10 | 2.76 | 1.73 | 3.07 | 2.89 |
| EV / EBITDA (X) | 26.65 | 22.21 | 17.30 | 31.14 | 27.35 |
| MarketCap / Net Operating Revenue (X) | 3.16 | 2.82 | 1.78 | 3.13 | 2.73 |
| Retention Ratios (%) | 49.61 | 70.78 | 67.87 | 73.60 | 0.00 |
| Price / BV (X) | 7.38 | 7.68 | 5.81 | 7.99 | 4.45 |
| Price / Net Operating Revenue (X) | 3.16 | 2.82 | 1.78 | 3.13 | 2.73 |
| EarningsYield | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
After reviewing the key financial ratios for Praj Industries 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 11.91. This value is within the healthy range. It has decreased from 15.42 (Mar 24) to 11.91, marking a decrease of 3.51.
- For Diluted EPS (Rs.), as of Mar 25, the value is 11.91. This value is within the healthy range. It has decreased from 15.42 (Mar 24) to 11.91, marking a decrease of 3.51.
- For Cash EPS (Rs.), as of Mar 25, the value is 16.61. This value is within the healthy range. It has decreased from 17.81 (Mar 24) to 16.61, marking a decrease of 1.20.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 75.17. It has increased from 69.34 (Mar 24) to 75.17, marking an increase of 5.83.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 75.17. It has increased from 69.34 (Mar 24) to 75.17, marking an increase of 5.83.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 175.61. It has decreased from 188.57 (Mar 24) to 175.61, marking a decrease of 12.96.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 20.44. This value is within the healthy range. It has decreased from 23.46 (Mar 24) to 20.44, marking a decrease of 3.02.
- For PBIT / Share (Rs.), as of Mar 25, the value is 15.73. This value is within the healthy range. It has decreased from 21.07 (Mar 24) to 15.73, marking a decrease of 5.34.
- For PBT / Share (Rs.), as of Mar 25, the value is 16.24. This value is within the healthy range. It has decreased from 20.53 (Mar 24) to 16.24, marking a decrease of 4.29.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 11.91. This value is within the healthy range. It has decreased from 15.42 (Mar 24) to 11.91, marking a decrease of 3.51.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 11.91. This value is within the healthy range. It has decreased from 15.42 (Mar 24) to 11.91, marking a decrease of 3.51.
- For PBDIT Margin (%), as of Mar 25, the value is 11.63. This value is within the healthy range. It has decreased from 12.44 (Mar 24) to 11.63, marking a decrease of 0.81.
- For PBIT Margin (%), as of Mar 25, the value is 8.95. This value is below the healthy minimum of 10. It has decreased from 11.17 (Mar 24) to 8.95, marking a decrease of 2.22.
- For PBT Margin (%), as of Mar 25, the value is 9.24. This value is below the healthy minimum of 10. It has decreased from 10.88 (Mar 24) to 9.24, marking a decrease of 1.64.
- For Net Profit Margin (%), as of Mar 25, the value is 6.78. This value is within the healthy range. It has decreased from 8.17 (Mar 24) to 6.78, marking a decrease of 1.39.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 6.78. This value is below the healthy minimum of 8. It has decreased from 8.17 (Mar 24) to 6.78, marking a decrease of 1.39.
- For Return on Networth / Equity (%), as of Mar 25, the value is 15.84. This value is within the healthy range. It has decreased from 22.23 (Mar 24) to 15.84, marking a decrease of 6.39.
- For Return on Capital Employeed (%), as of Mar 25, the value is 18.59. This value is within the healthy range. It has decreased from 26.96 (Mar 24) to 18.59, marking a decrease of 8.37.
- For Return On Assets (%), as of Mar 25, the value is 6.92. This value is within the healthy range. It has decreased from 9.78 (Mar 24) to 6.92, marking a decrease of 2.86.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.07. It has decreased from 1.26 (Mar 24) to 1.07, marking a decrease of 0.19.
- For Current Ratio (X), as of Mar 25, the value is 1.51. This value is within the healthy range. It has decreased from 1.52 (Mar 24) to 1.51, marking a decrease of 0.01.
- For Quick Ratio (X), as of Mar 25, the value is 1.36. This value is within the healthy range. It has decreased from 1.37 (Mar 24) to 1.36, marking a decrease of 0.01.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 13.62. This value exceeds the healthy maximum of 8. It has increased from 6.90 (Mar 24) to 13.62, marking an increase of 6.72.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 50.38. This value exceeds the healthy maximum of 50. It has increased from 29.21 (Mar 24) to 50.38, marking an increase of 21.17.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 36.11. This value is within the healthy range. It has increased from 25.28 (Mar 24) to 36.11, marking an increase of 10.83.
- For Earning Retention Ratio (%), as of Mar 25, the value is 49.62. This value is within the healthy range. It has decreased from 70.79 (Mar 24) to 49.62, marking a decrease of 21.17.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 63.89. This value is within the healthy range. It has decreased from 74.72 (Mar 24) to 63.89, marking a decrease of 10.83.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 19.95. This value is within the healthy range. It has decreased from 44.06 (Mar 24) to 19.95, marking a decrease of 24.11.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 11.13. This value is within the healthy range. It has decreased from 29.95 (Mar 24) to 11.13, marking a decrease of 18.82.
- For Enterprise Value (Cr.), as of Mar 25, the value is 10,012.41. It has increased from 9,579.22 (Mar 24) to 10,012.41, marking an increase of 433.19.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.10. This value exceeds the healthy maximum of 3. It has increased from 2.76 (Mar 24) to 3.10, marking an increase of 0.34.
- For EV / EBITDA (X), as of Mar 25, the value is 26.65. This value exceeds the healthy maximum of 15. It has increased from 22.21 (Mar 24) to 26.65, marking an increase of 4.44.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.16. This value exceeds the healthy maximum of 3. It has increased from 2.82 (Mar 24) to 3.16, marking an increase of 0.34.
- For Retention Ratios (%), as of Mar 25, the value is 49.61. This value is within the healthy range. It has decreased from 70.78 (Mar 24) to 49.61, marking a decrease of 21.17.
- For Price / BV (X), as of Mar 25, the value is 7.38. This value exceeds the healthy maximum of 3. It has decreased from 7.68 (Mar 24) to 7.38, marking a decrease of 0.30.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.16. This value exceeds the healthy maximum of 3. It has increased from 2.82 (Mar 24) to 3.16, marking an increase of 0.34.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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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 Praj Industries Ltd:
- Net Profit Margin: 6.78%
- 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: 18.59% (Industry Average ROCE: 15.28%)
- 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%: 15.84% (Industry Average ROE: 12.12%)
- 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): 11.13
- 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: 1.36
- 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: 58.1 (Industry average Stock P/E: 44.88)
- 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
- 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: 6.78%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Engineering - Heavy | Praj Tower, S.No. 274 & 275/2, Pune Maharashtra 411057 | info@praj.net http://www.praj.net |
| Management | |
|---|---|
| Name | Position Held |
| Dr. Pramod Chaudhari | Chairman |
| Mr. Shishir Joshipura | Managing Director & CEO |
| Mr. Ashish Gaikwad | Managing Director |
| Mr. Sachin Raole | Director & CFO |
| Ms. Parimal Chaudhari | Non Executive Director |
| Dr. Shridhar Shukla | Independent Director |
| Mr. Utkarsh Palnitkar | Independent Director |
| Mr. Vinayak Deshpande | Independent Director |
| Mr. Rujuta Jagtap | Independent Director |
| Mr. Ajay Deshpande | Independent Director |
FAQ
What is the intrinsic value of Praj Industries Ltd?
Praj Industries Ltd's intrinsic value (as of 06 November 2025) is 472.35 which is 41.42% higher the current market price of 334.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 6,134 Cr. market cap, FY2025-2026 high/low of 875/328, reserves of ₹1,345 Cr, and liabilities of 3,157 Cr.
What is the Market Cap of Praj Industries Ltd?
The Market Cap of Praj Industries Ltd is 6,134 Cr..
What is the current Stock Price of Praj Industries Ltd as on 06 November 2025?
The current stock price of Praj Industries Ltd as on 06 November 2025 is 334.
What is the High / Low of Praj Industries Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Praj Industries Ltd stocks is 875/328.
What is the Stock P/E of Praj Industries Ltd?
The Stock P/E of Praj Industries Ltd is 58.1.
What is the Book Value of Praj Industries Ltd?
The Book Value of Praj Industries Ltd is 70.8.
What is the Dividend Yield of Praj Industries Ltd?
The Dividend Yield of Praj Industries Ltd is 1.80 %.
What is the ROCE of Praj Industries Ltd?
The ROCE of Praj Industries Ltd is 17.9 %.
What is the ROE of Praj Industries Ltd?
The ROE of Praj Industries Ltd is 14.1 %.
What is the Face Value of Praj Industries Ltd?
The Face Value of Praj Industries Ltd is 2.00.