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Prajay Engg.Syndicat

₹29.9 0.6 | 2%

Market Cap ₹209 Cr.

Stock P/E -14.1

P/B 0.4

Current Price ₹29.9

Book Value ₹ 77.5

Face Value 10

52W High ₹31.8

Dividend Yield 0%

52W Low ₹ 10.4

Prajay Engg.Syndicat Research see more...

Overview Inc. Year: 1994Industry: Construction - Real Estate

Prajay Engineers Syndicate Limited is an India-based company that is a pioneer in the heavy mechanical core sector. Incorporated in 1994 and has a mission to provide adequate, affordable housing with world-class facilities and amenities at a reasonable price. The company is engaged in providing a comprehensive textile solution from design and development to knitting, dyeing, finishing, and garmenting. It has over three decades of experience and 100+ properties in Hyderabad that are highly desirable among home-buyers and property investors. They have grown to become one of South India’s most accomplished brand for residential and commercial properties in Hyderabad. The company also handles hospitality projects. They offer a wide range of products and services, such as luxury villas, high-rise apartments, gated communities, open plots, etc.

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Prajay Engg.Syndicat Share Price

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Prajay Engg.Syndicat 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 16 12 54 6 7 6 12 8 3 21
Other Income 1 0 1 1 1 1 17 1 1 1
Total Income 17 13 54 6 7 7 29 8 4 21
Total Expenditure 13 12 53 7 8 9 26 9 7 26
Operating Profit 4 1 1 -0 -0 -2 3 -0 -3 -4
Interest 2 1 1 1 1 1 1 1 2 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 -1 -1 -2 -2 -5 1 -2 -6 -5
Provision for Tax 0 -0 0 0 0 0 0 1 -0 0
Profit After Tax 1 -1 -1 -2 -2 -5 1 -2 -6 -6
Adjustments -0 -0 -1 0 -0 -0 -0 -0 -1 -1
Profit After Adjustments 1 -2 -2 -2 -2 -5 0 -2 -7 -6
Adjusted Earnings Per Share 0.1 -0.2 -0.2 -0.3 -0.4 -0.7 0.1 -0.3 -0.9 -0.9

Prajay Engg.Syndicat 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 96 67 109 93 69 41 49 50 38 93 30 44
Other Income 1 6 2 8 5 5 5 3 1 2 19 20
Total Income 97 73 112 100 73 46 54 53 39 95 49 62
Total Expenditure 95 85 124 106 74 43 49 48 33 87 49 68
Operating Profit 2 -13 -13 -6 -1 3 5 5 7 9 -1 -4
Interest 2 1 6 14 16 19 15 5 6 5 4 4
Depreciation 3 4 6 6 6 5 4 4 4 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 2 0 0 0 0 0 0
Profit Before Tax -4 -18 -25 -27 -22 -19 -15 -4 -4 -2 -9 -12
Provision for Tax 4 -6 -0 2 2 1 -1 1 1 1 0 1
Profit After Tax -7 -12 -25 -29 -24 -20 -14 -5 -5 -2 -9 -13
Adjustments -5 -0 -0 0 0 -2 -1 -0 0 0 0 -2
Profit After Adjustments -12 -12 -25 -29 -24 -22 -15 -5 -5 -2 -9 -15
Adjusted Earnings Per Share -1.7 -1.7 -3.5 -4.2 -3.4 -3.2 -2.1 -0.8 -0.7 -0.4 -1.3 -2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -68% -16% -6% -11%
Operating Profit CAGR -111% NAN% NAN% NAN%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 151% 46% 29% 14%
ROE Average -2% -1% -1% -2%
ROCE Average -1% -0% 0% -1%

Prajay Engg.Syndicat 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 667 655 626 644 620 598 579 575 570 567 556
Minority's Interest 3 3 3 2 1 1 1 1 1 1 0
Borrowings 255 253 226 174 147 144 143 144 147 150 154
Other Non-Current Liabilities 3 4 4 10 12 14 13 14 15 16 16
Total Current Liabilities 359 413 435 461 501 547 547 494 486 419 216
Total Liabilities 1287 1327 1293 1290 1282 1304 1283 1228 1218 1153 943
Fixed Assets 53 55 156 149 144 139 135 132 134 132 128
Other Non-Current Assets 387 398 306 310 328 343 366 367 375 378 209
Total Current Assets 848 874 831 831 810 822 782 729 709 643 605
Total Assets 1287 1327 1293 1290 1282 1304 1283 1228 1218 1153 943

Prajay Engg.Syndicat 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 41 11 7 2 2 5 5 5 4 3 3
Cash Flow from Operating Activities 2 18 2 52 56 33 49 15 7 5 7
Cash Flow from Investing Activities -5 -17 -21 -17 -20 -20 -30 -6 -6 -5 -1
Cash Flow from Financing Activities -27 -5 15 -35 -34 -12 -19 -10 -1 1 -2
Net Cash Inflow / Outflow -30 -5 -5 1 2 0 -0 -2 -0 -0 5
Closing Cash & Cash Equivalent 11 7 2 2 5 5 5 4 3 3 8

Prajay Engg.Syndicat 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) -1.75 -1.74 -3.53 -4.21 -3.43 -3.18 -2.08 -0.76 -0.72 -0.36 -1.35
CEPS(Rs) -0.54 -1.17 -2.62 -3.3 -2.66 -2.11 -1.4 -0.14 -0.15 0.23 -0.77
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 95.34 93.6 89.51 92.05 88.67 85.49 82.82 82.16 81.44 81.09 79.56
Core EBITDA Margin(%) 0.59 -27.26 -13.63 -14.95 -7.59 -4.51 -0.19 3.41 14.88 6.88 -65.54
EBIT Margin(%) -1.58 -24.2 -17.32 -13.59 -9.27 -1.08 1.09 1.88 4.7 3.5 -17.31
Pre Tax Margin(%) -3.65 -26.2 -22.75 -29.21 -32.49 -46.25 -30.54 -8.35 -10.84 -2.03 -30.59
PAT Margin (%) -7.4 -17.6 -22.6 -31.87 -35.46 -48.1 -28.69 -10.15 -13.2 -2.67 -31.59
Cash Profit Margin (%) -3.93 -12.26 -16.76 -24.94 -27.09 -35.79 -20.01 -1.9 -2.81 1.74 -18.07
ROA(%) -0.56 -0.9 -1.88 -2.28 -1.89 -1.53 -1.08 -0.4 -0.41 -0.21 -0.9
ROE(%) -1.05 -1.79 -3.85 -4.65 -3.85 -3.26 -2.38 -0.88 -0.89 -0.44 -1.68
ROCE(%) -0.15 -1.7 -2.02 -1.37 -0.7 -0.05 0.06 0.12 0.24 0.43 -0.7
Receivable days 1093.28 1426.88 804.69 905.3 1143.84 1841.98 1492.74 1341.47 1681.92 680.84 1841.44
Inventory Days 2274.17 3033.24 1881.55 2172.32 2930.81 4928.58 4145.44 3880.27 4885.35 1879.42 5507.57
Payable days 1260.59 1494.58 997.06 1153.71 1519.41 3126.64 2535.11 2208.77 2515.51 877.49 3645.69
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0.08 0.08 0.07 0.07 0.12 0.13 0.1 0.06 0.09 0.2 0.13
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 3.45 5.1 3.11 3.36 5.05 8.03 5.35 4.47 6.34 3.21 7.9
EV/Core EBITDA(x) 182.08 -27.06 -27.13 -50.47 -564.1 116.86 54.69 44.13 35.95 34.91 -368.26
Net Sales Growth(%) 41.95 -30.05 62.81 -15.2 -25.89 -39.91 18.6 2.39 -23.34 142.53 -67.94
EBIT Growth(%) -784.32 -974.22 -16.55 33.49 49.42 93.03 219.67 77.25 91.59 80.7 -258.63
PAT Growth(%) 22.27 -66.36 -109.14 -19.54 17.52 18.5 29.25 63.77 0.32 50.88 -278.68
EPS Growth(%) -33.92 0.38 -103.05 -19.22 18.57 7.35 34.47 63.28 5.23 50.88 -278.7
Debt/Equity(x) 0.43 0.46 0.47 0.42 0.44 0.44 0.36 0.34 0.34 0.33 0.31
Current Ratio(x) 2.37 2.11 1.91 1.8 1.61 1.5 1.43 1.48 1.46 1.53 2.8
Quick Ratio(x) 0.87 0.72 0.65 0.6 0.52 0.47 0.43 0.42 0.42 0.46 0.72
Interest Cover(x) -0.76 -12.09 -3.2 -0.87 -0.4 -0.02 0.03 0.18 0.3 0.63 -1.3
Total Debt/Mcap(x) 5.54 5.85 6.43 6.09 3.53 3.43 3.46 6.01 3.57 1.64 2.44

Prajay Engg.Syndicat Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 32.87 32.87 32.87 32.87 32.87 33.59 33.35 33.59 33.59 35.64
FII 0 0 0 0 0.08 0 0 0 0.01 0
DII 0 0 0 0 0 0 0 0 0 0
Public 67.13 67.13 67.13 67.13 67.05 66.41 66.65 66.41 66.41 64.35
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.4 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 35.64%.
  • Company has a low return on equity of -1% over the last 3 years.
  • Debtor days have increased from 877.49 to 3645.69days.
  • Earnings include an other income of Rs. 19 Cr.

* 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.

Prajay Engg.Syndicat News

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