Praj Industries

₹699.9 -9.7 | 1.4%

WEBSITE BSE:522205 NSE : PRAJ IND.LTD 26 Jul, 16:07

Market Cap ₹12864 Cr.

Stock P/E 41.6

P/B 9.5

Current Price ₹699.9

Book Value ₹ 73.9

Face Value 2

52W High ₹758.6

Dividend Yield 0.86%

52W Low ₹ 398

Edit Ratio

Praj Industries Research see more...

Equity Research: Praj Industries

Equity Research report -- Praj Industries Limited

"Praj Industries" - Poised to Gain from Indias Strong Decarbonization Focus

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.

Praj Industries Share Price

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Peer Comparison

Praj Industries Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	831	732	881	911	1004	737	882	829	1019	699
Other Income	7	9	9	8	16	16	17	10	11	17
Total Income	838	741	890	919	1020	753	899	839	1030	716
Total Expenditure	753	679	816	825	896	665	805	732	888	612
Operating Profit	86	61	74	94	125	88	95	107	142	104
Interest	1	1	1	1	2	1	1	4	4	5
Depreciation	7	6	7	7	9	9	9	11	15	20
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	28
Profit Before Tax	78	54	66	86	113	78	85	92	123	107
Provision for Tax	20	13	18	24	25	19	22	22	31	23
Profit After Tax	58	41	48	62	88	59	62	70	92	84
Adjustments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Profit After Adjustments	58	41	48	62	88	59	62	70	92	84
Adjusted Earnings Per Share	3.1	2.2	2.6	3.4	4.8	3.2	3.4	3.8	5	4.6

Praj Industries Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	932	995	1079	812	964	1076	1106	1313	2223	3582	3391	3429
Other Income	23	42	18	22	30	32	39	36	94	60	67	55
Total Income	955	1037	1097	834	994	1109	1145	1348	2317	3642	3459	3484
Total Expenditure	853	910	965	743	916	997	1037	1210	2087	3288	3027	3037
Operating Profit	102	127	132	91	78	112	108	138	230	354	431	448
Interest	1	2	2	1	1	1	3	3	3	5	10	14
Depreciation	24	38	25	22	24	23	22	22	23	30	44	55
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	28
Profit Before Tax	77	86	105	68	53	88	83	113	205	319	377	407
Provision for Tax	20	8	23	23	14	20	13	32	55	79	94	98
Profit After Tax	57	78	82	45	39	68	70	81	150	240	283	308
Adjustments	-2	-2	-0	0	0	-0	-0	-0	-0	-0	-0	0
Profit After Adjustments	55	76	82	45	39	68	70	81	150	240	283	308
Adjusted Earnings Per Share	3.1	4.3	4.6	2.5	2.2	3.7	3.8	4.4	8.2	13.1	15.4	16.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-5%	37%	26%	14%
Operating Profit CAGR	22%	46%	31%	16%
PAT CAGR	18%	52%	33%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	73%	23%	45%	27%
ROE Average	24%	22%	17%	13%
ROCE Average	33%	30%	23%	17%

Praj Industries Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	583	622	655	710	726	745	719	802	916	1078	1274
Minority's Interest	21	15	0	0	1	1	1	1	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	18	11	6	13	12	7	14	17	31	29	153
Total Current Liabilities	664	494	488	462	391	485	409	764	1270	1501	1459
Total Liabilities	1286	1142	1149	1185	1129	1238	1144	1583	2216	2608	2886
Fixed Assets	323	302	272	256	283	276	280	270	272	303	474
Other Non-Current Assets	29	26	58	93	56	101	84	78	98	122	188
Total Current Assets	934	815	819	835	790	861	780	1235	1846	2182	2210
Total Assets	1286	1142	1149	1185	1129	1238	1144	1583	2216	2608	2886

Praj Industries Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	68	44	75	60	69	77	64	46	101	107	99
Cash Flow from Operating Activities	-3	150	51	20	101	33	15	225	188	162	199
Cash Flow from Investing Activities	18	-80	-1	-8	-71	-6	62	-164	-140	-84	-10
Cash Flow from Financing Activities	-40	-40	-68	-4	-25	-43	-98	-6	-44	-93	-124
Net Cash Inflow / Outflow	-25	29	-18	8	6	-16	-21	54	4	-16	65
Closing Cash & Cash Equivalent	44	76	60	69	77	64	46	101	107	99	168

Praj Industries Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	3.08	4.3	4.63	2.49	2.18	3.73	3.85	4.42	8.18	13.05	15.42
CEPS(Rs)	4.52	6.54	6.04	3.72	3.51	4.99	5.04	5.63	9.41	14.7	17.81
DPS(Rs)	2.22	1.62	1.62	1.62	1.62	2.12	2.7	2.16	4.2	4.5	6
Book NAV/Share(Rs)	32.82	35.06	36.49	39.33	39.91	40.65	39.16	43.66	49.7	58.53	69.33
Core EBITDA Margin(%)	8.23	8.22	10.2	8.06	4.95	7.37	6.23	7.81	6.1	8.19	10.73
EBIT Margin(%)	8.15	8.62	9.6	8.08	5.58	8.24	7.8	8.83	9.33	9.03	11.42
Pre Tax Margin(%)	8	8.38	9.42	7.92	5.46	8.17	7.52	8.62	9.22	8.9	11.13
PAT Margin (%)	5.87	7.59	7.37	5.23	4.07	6.34	6.37	6.18	6.76	6.7	8.36
Cash Profit Margin (%)	8.35	11.26	9.61	7.83	6.55	8.47	8.34	7.86	7.78	7.54	9.66
ROA(%)	4.45	6.44	7.2	3.82	3.41	5.76	5.92	5.94	7.91	9.94	10.32
ROE(%)	9.8	12.99	12.97	6.58	5.53	9.31	9.65	10.68	17.54	24.13	24.12
ROCE(%)	13.17	14.29	16.39	9.94	7.49	12.01	11.78	15.25	24.15	32.44	32.92
Receivable days	120.69	106.35	105.61	141.76	104.81	96.29	104.83	108.95	79.25	66.58	87.76
Inventory Days	69.31	79.52	53.48	43.97	34.85	35.13	39.19	33.38	38.91	34.58	29.84
Payable days	188.22	140.77	134.33	210.74	137.81	137.73	138.47	129.78	104.13	75.25	96.88
PER(x)	17.06	14.53	19.26	32.19	36.84	41.56	14.32	44.01	48.69	26.12	34.56
Price/Book(x)	1.6	1.78	2.45	2.03	2.01	3.82	1.41	4.46	8.01	5.82	7.68
Dividend Yield(%)	4.23	2.59	1.82	2.03	2.01	1.37	4.9	1.11	1.05	1.32	1.13
EV/Net Sales(x)	0.96	1.03	1.41	1.68	1.43	2.55	0.87	2.62	3.22	1.71	2.82
EV/Core EBITDA(x)	8.77	8.1	11.5	15.02	17.64	24.6	8.87	24.87	31.13	17.3	22.21
Net Sales Growth(%)	-1.77	6.72	8.42	-24.73	18.66	11.68	2.79	18.66	69.35	61.14	-5.32
EBIT Growth(%)	-17.18	13.35	20.92	-35.93	-21.32	63.77	-2.77	34.48	78.84	55.92	19.76
PAT Growth(%)	-21.03	38.45	5.42	-45.92	-11.46	72.73	3.27	15.08	85.35	59.62	18.17
EPS Growth(%)	-19.7	39.62	7.81	-46.35	-12.19	71.08	2.98	15.03	84.92	59.57	18.1
Debt/Equity(x)	0.04	0.03	0.02	0.01	0.01	0	0	0	0	0	0
Current Ratio(x)	1.41	1.65	1.68	1.81	2.02	1.77	1.91	1.62	1.45	1.45	1.51
Quick Ratio(x)	1.07	1.19	1.47	1.58	1.82	1.51	1.63	1.45	1.18	1.23	1.36
Interest Cover(x)	54.43	36.01	53.05	52.62	47.42	116.24	27.85	40.57	82.72	69.85	39.56
Total Debt/Mcap(x)	0.02	0.02	0.01	0	0	0	0	0	0	0	0

Praj Industries Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	32.83	32.83	32.82	32.87	32.82	32.82	32.82	32.81	32.81	32.81
FII	13.84	15.93	16.98	17.61	17.83	18.3	17.93	17.37	18.87	18.55
DII	8.83	10	10.33	7.69	7.84	8.4	10.2	13.09	13.69	16.66
Public	44.5	41.23	39.86	41.83	41.51	40.48	39.04	36.73	34.64	31.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	6.03	6.03	6.03	6.03	6.03	6.03	6.03	6.03	6.03	6.03
FII	2.54	2.93	3.12	3.23	3.28	3.36	3.29	3.19	3.47	3.41
DII	1.62	1.84	1.9	1.41	1.44	1.54	1.87	2.41	2.52	3.06
Public	8.17	7.57	7.32	7.68	7.63	7.44	7.17	6.75	6.37	5.88
Others	0	0	0	0	0	0	0	0	0	0
Total	18.37	18.37	18.37	18.35	18.37	18.37	18.37	18.38	18.38	18.38

Pros

Company has delivered good profit growth of 33% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Company is almost debt free.

Cons

Promoter holding is low: 32.81%.
Debtor days have increased from 75.25 to 96.88days.
Stock is trading at 9.5 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.

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Praj Industries

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Praj Industries Research see more...

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

Praj Industries Share Price

Alert Data

Quarterly Price

Peer Comparison

Praj Industries Quarterly Results

Praj Industries Profit & Loss

Growth Rates

Praj Industries Balance Sheet

Praj Industries Cash Flow

Praj Industries Ratios

Praj Industries Shareholding Pattern

Praj Industries News

Top Unlisted Companies & InstaBuy Companies

Spray Engineering Devices

IPO

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