Bajel Projects Ltd
Incorporated in 2022, Bajel Projects Ltd is in the business of Engineering, Procurement and Construction[1]Bajel Projects Limited (BPL) is a carved out legal entity from Bajaj Electricals Ltd. It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects.
- Market Cap ₹ 3,396 Cr.
- Current Price ₹ 294
- High / Low ₹ 330 / 108
- Stock P/E 133
- Book Value ₹ 50.5
- Dividend Yield 0.00 %
- ROCE 6.19 %
- ROE 0.91 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 148 days to 62.5 days
Cons
- Stock is trading at 5.82 times its book value
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.28.2 Cr.
- Company has high debtors of 190 days.
* 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.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Part of BSE Utilities BSE SmallCap BSE Allcap
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 664 | 1,169 | 1,939 | |
| 694 | 1,153 | 1,898 | |
| Operating Profit | -30 | 16 | 41 |
| OPM % | -5% | 1% | 2% |
| 54 | 18 | 28 | |
| Interest | 18 | 24 | 35 |
| Depreciation | 6 | 6 | 9 |
| Profit before tax | -0 | 4 | 25 |
| Tax % | 468% | -17% | |
| -2 | 4 | 20 | |
| EPS in Rs | 0.37 | 1.70 | |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | 149% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 407% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 23 | 23 | 23 |
| Reserves | 534 | 543 | 560 |
| 1 | 15 | 185 | |
| 377 | 762 | 854 | |
| Total Liabilities | 935 | 1,343 | 1,622 |
| 48 | 69 | 73 | |
| CWIP | 1 | 0 | 1 |
| Investments | 0 | 3 | 0 |
| 887 | 1,271 | 1,549 | |
| Total Assets | 935 | 1,343 | 1,622 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 11 | 195 | |
| -3 | -135 | |
| -8 | -15 | |
| Net Cash Flow | -0 | 46 |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 203 | 190 |
| Inventory Days | 74 | 42 |
| Days Payable | 196 | 201 |
| Cash Conversion Cycle | 81 | 31 |
| Working Capital Days | 233 | 62 |
| ROCE % | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 Dec - Awarded contract for 400/220KV Solapur Substation EPC work.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Nov - Schedule of Analyst/Institutional Investors’ Meet on Nov 28, 2024.
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Grant Of 1,50,000 (One Lakhs Fifty Thousand Only) Stock Options Under The Bajel Projects Limited Employee Stock Option Plan 2024' ('ESOP 2024'/ 'Scheme')
14 Nov - Grant of 1,50,000 stock options under ESOP 2024.
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Board Meeting Outcome for Outcome Of The Board Meeting Of Bajel Projects Limited ("Company") Held Today I.E. On Thursday, November 14, 2024 ("Meeting").
14 Nov - Bajel Projects reports Q2 FY'25 financial results.
- Outcome Of The Board Meeting Of Bajel Projects Limited ("Company") Held Today I.E. On Thursday, November 14, 2024 ("Meeting"). 14 Nov
Business Overview:[1][2]
BPL is a part of the Bajaj group. It deals in Engineering, Procurement and Construction business. Company is a go-to partner for high voltage and extra high-voltage transmission line projects, substations, UG cabling, poles, monopoles, high mast and electrification projects along with feeder separation and
lift irrigation projects on a full turnkey basis. BPL provides end-to-end solutions ranging from in-house design, testing, procurement, manufacturing, installation & commissioning of the projects.