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Praj Industries

₹503.4 -8.6 | 1.7%

Market Cap ₹9253 Cr.

Stock P/E 33.1

P/B 7.8

Current Price ₹503.4

Book Value ₹ 64.4

Face Value 2

52W High ₹650.3

Dividend Yield 0.89%

52W Low ₹ 335.1

Overview Inc. Year: 1985Industry: Engineering - Industrial Equipments

Praj Industries Ltd is engaged in the production of different Special- Purpose Machinery. The Company is in the business of process and project engineering. It caters to both domestic and worldwide markets. The Company additionally provides designing and engineering offerings. The Company's products and services include Bioenergy Plants, Engineering Businesses, and Research and improvement. The Bioenergy Plants produce generation of ethanol and renewable biogas that may substitute fossil fuels and promotes sustainable decarbonization thru round bioeconomy. The Engineering Businesses offers critical procedure gadget & skids, unique tasks, techniques & systems, brewery plants, water, and wastewater vegetation.

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Praj Industries Share Price

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Praj Industries Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 532 586 831 732 881 911 1004 737 882 829
Other Income 10 9 7 9 9 8 16 16 17 10
Total Income 543 594 838 741 890 919 1020 753 899 839
Total Expenditure 490 538 753 679 816 825 896 665 805 732
Operating Profit 53 56 86 61 74 94 125 88 95 107
Interest 1 1 1 1 1 1 2 1 1 4
Depreciation 5 5 7 6 7 7 9 9 9 11
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 47 50 78 54 66 86 113 78 85 92
Provision for Tax 13 13 20 13 18 24 25 19 22 22
Profit After Tax 33 37 58 41 48 62 88 59 62 70
Adjustments -0 0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 33 37 58 41 48 62 88 59 62 70
Adjusted Earnings Per Share 1.8 2 3.1 2.2 2.6 3.4 4.8 3.2 3.4 3.8

Praj Industries Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 949 932 995 1079 812 964 1076 1106 1313 2223 3582 3452
Other Income 31 23 42 18 22 30 32 39 36 94 60 59
Total Income 980 955 1037 1097 834 994 1109 1145 1348 2317 3642 3511
Total Expenditure 864 853 910 965 743 916 997 1037 1210 2087 3288 3098
Operating Profit 116 102 127 132 91 78 112 108 138 230 354 415
Interest 2 1 2 2 1 1 1 3 3 3 5 8
Depreciation 22 24 38 25 22 24 23 22 22 23 30 38
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 92 77 86 105 68 53 88 83 113 205 319 368
Provision for Tax 21 20 8 23 23 14 20 13 32 55 79 88
Profit After Tax 72 57 78 82 45 39 68 70 81 150 240 279
Adjustments -4 -2 -2 -0 0 0 -0 -0 -0 -0 -0 0
Profit After Adjustments 68 55 76 82 45 39 68 70 81 150 240 279
Adjusted Earnings Per Share 3.8 3.1 4.3 4.6 2.5 2.2 3.7 3.8 4.4 8.2 13.1 15.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 61% 48% 30% 14%
Operating Profit CAGR 54% 49% 35% 12%
PAT CAGR 60% 51% 44% 13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 49% 34% 28% 24%
ROE Average 24% 17% 14% 12%
ROCE Average 32% 24% 19% 16%

Praj Industries Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 571 583 622 655 710 726 745 719 802 916 1078
Minority's Interest 25 21 15 0 0 1 1 1 1 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 19 18 11 6 13 12 7 14 17 31 29
Total Current Liabilities 639 664 494 488 462 391 485 409 764 1270 1501
Total Liabilities 1253 1286 1142 1149 1185 1129 1238 1144 1583 2216 2608
Fixed Assets 247 323 302 272 256 283 276 280 270 272 303
Other Non-Current Assets 83 29 26 58 93 56 101 84 78 98 122
Total Current Assets 924 934 815 819 835 790 861 780 1235 1846 2182
Total Assets 1253 1286 1142 1149 1185 1129 1238 1144 1583 2216 2608

Praj Industries Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 72 68 44 75 60 69 77 64 46 101 107
Cash Flow from Operating Activities 28 -3 150 51 20 101 33 15 225 188 162
Cash Flow from Investing Activities 26 18 -80 -1 -8 -71 -6 62 -164 -140 -84
Cash Flow from Financing Activities -58 -40 -40 -68 -4 -25 -43 -98 -6 -44 -93
Net Cash Inflow / Outflow -5 -25 29 -18 8 6 -16 -21 54 4 -16
Closing Cash & Cash Equivalent 68 44 76 60 69 77 64 46 101 107 99

Praj Industries Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 3.83 3.08 4.3 4.63 2.49 2.18 3.73 3.85 4.42 8.18 13.05
CEPS(Rs) 5.24 4.52 6.54 6.04 3.72 3.51 4.99 5.04 5.63 9.41 14.7
DPS(Rs) 1.62 2.22 1.62 1.62 1.62 1.62 2.12 2.7 2.16 4.2 4.5
Book NAV/Share(Rs) 32.15 32.82 35.06 36.49 39.33 39.91 40.65 39.16 43.66 49.7 58.53
Core EBITDA Margin(%) 8.62 8.23 8.22 10.2 8.06 4.95 7.37 6.23 7.81 6.1 8.19
EBIT Margin(%) 9.61 8.15 8.62 9.6 8.08 5.58 8.24 7.8 8.83 9.33 9.03
Pre Tax Margin(%) 9.37 8 8.38 9.42 7.92 5.46 8.17 7.52 8.62 9.22 8.9
PAT Margin (%) 7.26 5.87 7.59 7.37 5.23 4.07 6.34 6.37 6.18 6.76 6.7
Cash Profit Margin (%) 9.45 8.35 11.26 9.61 7.83 6.55 8.47 8.34 7.86 7.78 7.54
ROA(%) 5.71 4.45 6.44 7.2 3.82 3.41 5.76 5.92 5.94 7.91 9.94
ROE(%) 12.73 9.8 12.99 12.97 6.58 5.53 9.31 9.65 10.68 17.54 24.13
ROCE(%) 16.26 13.17 14.29 16.39 9.94 7.49 12.01 11.78 15.25 24.15 32.44
Receivable days 119.62 120.69 106.35 105.61 141.76 104.81 96.29 104.83 108.95 79.25 66.58
Inventory Days 56.71 69.31 79.52 53.48 43.97 34.85 35.13 39.19 33.38 38.91 34.58
Payable days 168.77 188.22 140.77 134.33 210.74 137.81 137.73 138.47 129.78 104.13 75.25
PER(x) 9.55 17.06 14.53 19.26 32.19 36.84 41.56 14.32 44.01 48.69 26.12
Price/Book(x) 1.14 1.6 1.78 2.45 2.03 2.01 3.82 1.41 4.46 8.01 5.82
Dividend Yield(%) 4.43 4.23 2.59 1.82 2.03 2.01 1.37 4.9 1.11 1.05 1.32
EV/Net Sales(x) 0.62 0.96 1.03 1.41 1.68 1.43 2.55 0.87 2.62 3.22 1.71
EV/Core EBITDA(x) 5.08 8.77 8.1 11.5 15.02 17.64 24.6 8.87 24.87 31.13 17.3
Net Sales Growth(%) -0.82 -1.77 6.72 8.42 -24.73 18.66 11.68 2.79 18.66 69.35 61.14
EBIT Growth(%) -21.42 -17.18 13.35 20.92 -35.93 -21.32 63.77 -2.77 34.48 78.84 55.92
PAT Growth(%) 1.73 -21.03 38.45 5.42 -45.92 -11.46 72.73 3.27 15.08 85.35 59.62
EPS Growth(%) 1.38 -19.7 39.62 7.81 -46.35 -12.19 71.08 2.98 15.03 84.92 59.57
Debt/Equity(x) 0.03 0.04 0.03 0.02 0.01 0.01 0 0 0 0 0
Current Ratio(x) 1.45 1.41 1.65 1.68 1.81 2.02 1.77 1.91 1.62 1.45 1.45
Quick Ratio(x) 1.22 1.07 1.19 1.47 1.58 1.82 1.51 1.63 1.45 1.18 1.23
Interest Cover(x) 41.04 54.43 36.01 53.05 52.62 47.42 116.24 27.85 40.57 82.72 69.85
Total Debt/Mcap(x) 0.03 0.02 0.02 0.01 0 0 0 0 0 0 0

Praj Industries Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 32.83 32.83 32.83 32.82 32.87 32.82 32.82 32.82 32.81 32.81
FII 14.98 13.84 15.93 16.98 17.61 17.83 18.3 17.93 17.37 18.87
DII 8.4 8.83 10 10.33 7.69 7.84 8.4 10.2 13.09 13.69
Public 43.78 44.5 41.23 39.86 41.83 41.51 40.48 39.04 36.73 34.64
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 43% CAGR over last 5 years
  • Debtor days have improved from 104.13 to 75.25days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.81%.
  • Stock is trading at 7.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Praj Industries News

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