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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Prajay Engineers Syndicate Ltd

About the Company - Prajay Engineers Syndicate Ltd

Prajay Engineers Syndicate Ltd. is a Public Limited Listed company incorporated on 19/04/1994 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L45200TG1994PLC017384 and registration number is 017384. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 93.05 Cr. and Equity Capital is Rs. 69.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & Contracting1-10-63 & 64, 5th Floor, Prajay Corporate House, Hyderabad Telangana 500016investorrelations@prajayengineers.com
http://www.prajayengineers.com
Management
NamePosition Held
Mr. Vijaysen Reddy DantapallyChairman & Managing Director
Mr. Rohit Reddy DantapalliDirector
Mr. Ravi Kumar KutikalapudiDirector
Mr. Jaya Simha Reddy LingamIndependent Director
Mr. Raghavender Reddy MarpadagaIndependent Director
Ms. Dwithiya RaghavanIndependent Woman Director

Prajay Engineers Syndicate Ltd. Share Price Update

Share PriceValue
Today₹23.06
Previous Day₹23.53

Basic Stock Data of Prajay Engineers Syndicate Ltd

Market Cap 172 Cr.
Current Price 24.6
High / Low26.6/9.80
Stock P/E
Book Value 79.6
Dividend Yield0.00 %
ROCE0.70 %
ROE1.63 %
Face Value 10.0

Data Source: screener.in

Competitors of Prajay Engineers Syndicate Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vascon Engineers Ltd 1,720 Cr. 79.293.2/23.817.1 43.20.33 %11.3 %11.3 % 10.0
Ramky Infrastructure Ltd 4,439 Cr. 6411,009/26016.6 2340.00 %15.8 %8.79 % 10.0
PNC Infratech Ltd 10,672 Cr. 416463/26116.2 1800.12 %14.8 %16.2 % 2.00
RPP Infra Projects Ltd 475 Cr. 125161/38.27.97 1090.00 %12.8 %7.63 % 10.0
Salasar Exteriors & Contour Ltd 244 Cr. 23.836.8/18.6 1.150.00 %3.18 %7.01 % 1.00
Industry Average146.8 Cr25711.57113.470.09%11.58%10.19%6.6

Prajay Engineers Syndicate Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5.743.9225.2210.7716.4712.2553.565.526.945.7911.587.512.78
Expenses6.324.8520.078.8312.8012.4153.976.757.869.1826.078.667.72
Operating Profit-0.58-0.935.151.943.67-0.16-0.41-1.23-0.92-3.39-14.49-1.15-4.94
OPM %-10.10%-23.72%20.42%18.01%22.28%-1.31%-0.77%-22.28%-13.26%-58.55%-125.13%-15.31%-177.70%
Other Income0.220.290.600.530.560.470.770.680.560.7316.940.910.74
Interest1.521.491.541.681.690.890.880.980.981.030.980.551.62
Depreciation1.001.001.001.011.051.041.021.011.021.020.990.950.95
Profit before tax-2.88-3.133.21-0.221.49-1.62-1.54-2.54-2.36-4.710.48-1.74-6.77
Tax %-5.21%-6.71%12.15%-59.09%32.21%4.32%-5.19%-1.97%-3.81%-1.91%14.58%-29.31%2.07%
Net Profit-3.03-3.342.81-0.341.02-1.55-1.62-2.59-2.45-4.800.41-2.26-6.63
EPS in Rs-0.43-0.470.41-0.050.15-0.22-0.23-0.34-0.35-0.680.07-0.32-0.95

Prajay Engineers Syndicate Ltd Quarterly Chart

Prajay Engineers Syndicate Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales689667109936941495038933028
Expenses6897841221067445494934885052
Operating Profit-0-1-17-13-14-5-4-1155-20-24
OPM %-0%-1%-26%-12%-15%-8%-10%-1%3%12%6%-67%-87%
Other Income435185653121919
Interest32161416191556544
Depreciation4346665444444
Profit before tax-3-4-18-25-27-22-21-15-4-4-2-9-13
Tax %-259%-102%33%1%-9%-9%-4%6%-20%-22%-32%-3%
Net Profit-9-13-12-24-29-24-22-15-5-5-2-9-13
EPS in Rs-1.30-1.75-1.74-3.53-4.08-3.33-3.17-2.05-0.75-0.71-0.35-1.31-1.88
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Prajay Engineers Syndicate Ltd Profit & Loss Yearly Chart

Prajay Engineers Syndicate Ltd Growth

Compounded Sales Growth
10 Years:-11%
5 Years:-6%
3 Years:-16%
TTM:-65%
Compounded Profit Growth
10 Years:2%
5 Years:10%
3 Years:-36%
TTM:-66%
Stock Price CAGR
10 Years:13%
5 Years:25%
3 Years:38%
1 Year:84%
Return on Equity
10 Years:-2%
5 Years:-1%
3 Years:-1%
Last Year:-2%

Prajay Engineers Syndicate Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital707070707070707070707070
Reserves609597585556574550528509505500497486
Borrowings320290298296269274260207195193187173
Other Liabilities267331374371377388446497458456399214
Total Liabilities1,2651,2871,3271,2931,2901,2821,3041,2831,2281,2181,153943
Fixed Assets515355156149144139135132134132128
CWIP30236271180197215236266271271275111
Investments696357575757575757575757
Other Assets1,116936945899887865872825767756689647
Total Assets1,2651,2871,3271,2931,2901,2821,3041,2831,2281,2181,153943

Prajay Engineers Syndicate Ltd Reserves and Borrowings Chart

Prajay Engineers Syndicate Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1421825256334915757
Cash from Investing Activity 18-5-17-21-17-20-20-30-6-6-5-1
Cash from Financing Activity 33-27-515-35-34-12-19-10-11-2
Net Cash Flow38-30-5-5120-0-2-0-05

Prajay Engineers Syndicate Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,5871,0681,3267958731,1091,8381,4361,2811,6936641,613
Inventory Days3,431
Days Payable1,517
Cash Conversion Cycle1,5871,0683,2407958731,1091,8381,4361,2811,6936641,613
Working Capital Days3,7541,8382,4871,3301,4621,6742,5791,8651,8132,2569434,886
ROCE %0%-0%-2%-2%-1%-1%-1%0%0%0%0%-1%

Prajay Engineers Syndicate Ltd Financial Efficiency Indicators Chart

Prajay Engineers Syndicate Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters32.87%32.87%32.87%32.87%32.87%32.87%32.87%32.87%32.87%33.58%33.35%33.58%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.08%0.00%0.00%0.00%
Public67.13%67.13%67.13%67.13%67.13%67.13%67.13%67.13%67.05%66.41%66.65%66.41%
No. of Shareholders15,07914,69516,92417,91419,45619,36719,12819,11719,43119,29618,99719,471

Prajay Engineers Syndicate Ltd Shareholding Pattern Chart

No. of Prajay Engineers Syndicate Ltd Shareholders

This stock is not held by any mutual fund

Prajay Engineers Syndicate Ltd ROCE Trend

Prajay Engineers Syndicate Ltd EPS Trend

Prajay Engineers Syndicate Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.35-0.36-0.72-0.77-2.08
Diluted EPS (Rs.)-1.35-0.36-0.72-0.77-2.08
Cash EPS (Rs.)-0.700.40-0.01-0.13-1.40
Book Value[Excl.RevalReserv]/Share (Rs.)79.6281.1981.5582.2882.95
Book Value[Incl.RevalReserv]/Share (Rs.)79.6281.1981.5582.2882.95
Revenue From Operations / Share (Rs.)4.2613.315.497.166.99
PBDIT / Share (Rs.)-0.091.220.960.720.68
PBIT / Share (Rs.)-0.660.630.390.130.07
PBT / Share (Rs.)-1.23-0.10-0.45-0.59-2.13
Net Profit / Share (Rs.)-1.28-0.18-0.58-0.72-2.00
NP After MI And SOA / Share (Rs.)-1.30-0.35-0.71-0.75-2.05
PBDIT Margin (%)-2.149.1817.6410.139.77
PBIT Margin (%)-15.674.767.251.871.08
PBT Margin (%)-28.95-0.75-8.28-8.35-30.53
Net Profit Margin (%)-29.95-1.40-10.64-10.15-28.69
NP After MI And SOA Margin (%)-30.61-2.64-12.96-10.48-29.31
Return on Networth / Equity (%)-1.64-0.43-0.87-0.91-2.47
Return on Capital Employeed (%)-0.640.600.380.120.07
Return On Assets (%)-0.96-0.21-0.40-0.42-1.11
Long Term Debt / Equity (X)0.270.260.250.250.24
Total Debt / Equity (X)0.300.290.280.280.28
Asset Turnover Ratio (%)0.030.080.030.040.03
Current Ratio (X)2.801.531.471.481.43
Quick Ratio (X)0.720.450.420.420.43
Interest Coverage Ratio (X)-0.161.661.140.990.30
Interest Coverage Ratio (Post Tax) (X)-1.260.740.310.010.09
Enterprise Value (Cr.)235.62282.00215.74191.13217.95
EV / Net Operating Revenue (X)7.903.035.623.824.46
EV / EBITDA (X)-368.2733.0131.8637.6845.62
MarketCap / Net Operating Revenue (X)2.381.231.410.641.22
Price / BV (X)0.120.200.090.050.10
Price / Net Operating Revenue (X)2.381.231.410.641.22
EarningsYield-0.12-0.02-0.09-0.16-0.23

Prajay Engineers Syndicate Ltd Profitability Ratios (%)

Prajay Engineers Syndicate Ltd Liquidity Ratios

Prajay Engineers Syndicate Ltd Liquidity Ratios (%)

Prajay Engineers Syndicate Ltd Interest Coverage Ratios (%)

Prajay Engineers Syndicate Ltd Valuation Ratios

Fair Value / Intrinsic Value of Prajay Engineers Syndicate Ltd

Fair Value: ₹19.85

The stock is overvalued by 19.30% compared to the current price ₹24.6

*Investments are subject to market risks

Strength and Weakness of Prajay Engineers Syndicate Ltd

StrengthWeakness
  1. The company has higher reserves (541.33 cr) compared to borrowings (246.83 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of 0.11 and average Dividend Yield of -0.14%.
  2. The stock has a low average ROCE of -0.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 80.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 195.25, which may not be favorable.
  5. The company has not shown consistent growth in sales (63.92) and profit (-12.85).

Should I Buy Prajay Engineers Syndicate Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Prajay Engineers Syndicate Ltd:
    1. Net Profit Margin: -29.95%
      • 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: -0.64% (Industry Average ROCE: 29.33%)
      • 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. Interest Coverage Ratio (Post Tax): -1.26
      • 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.
    4. Quick Ratio: 0.72
      • 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.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 12.01)
      • 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.
    6. ✓ Total Debt / Equity: 0.30
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Prajay Engineers Syndicate 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