Bajel Projects Ltd

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Bajel Projects Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Bajel Projects Ltd

₹ 180 1.39%
11 Sep - close price
bajelprojects.com BSE: 544042 NSE: BAJEL
About

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.

Key Points

Promoter Group
The company is a part of the Bajaj Group, India's third-largest group by market capitalization, operating in industries like Financial Services, Automobiles, Consumer Appliances, EPC, Steel, Insurance, Material Handling, Tours & Travels, etc, with a $167+ Bn market cap. It has 40+ group companies, 100,000+ employees, and a presence in 70+ countries. [1]

Website BSE NSE
  • Market Cap ₹ 2,081 Cr.
  • Current Price ₹ 180
  • High / Low ₹ 227 / 135
  • Stock P/E 77.1
  • Book Value ₹ 64.6
  • Dividend Yield 0.33 %
  • ROCE 11.0 %
  • ROE 4.10 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 2.78 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.83% over last 3 years.
  • Company has high debtors of 214 days.
  • Company's cost of borrowing seems high

* 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

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

Part of BSE Industrials BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
489.16 512.01 662.41 622.39 801.42 607.64 613.83 562.34 1,007.77 566.88
481.31 504.91 645.61 607.75 780.68 591.45 593.34 537.57 977.20 548.34
Operating Profit 7.85 7.10 16.80 14.64 20.74 16.19 20.49 24.77 30.57 18.54
OPM % 1.60% 1.39% 2.54% 2.35% 2.59% 2.66% 3.34% 4.40% 3.03% 3.27%
10.39 11.70 5.15 7.45 6.60 8.38 6.98 -2.85 6.76 5.26
Interest 10.07 9.19 11.93 15.45 16.95 15.87 17.02 16.22 14.31 11.78
Depreciation 1.75 2.16 3.26 3.21 4.06 4.61 4.81 5.22 6.04 4.95
Profit before tax 6.42 7.45 6.76 3.43 6.33 4.09 5.64 0.48 16.98 7.07
Tax % -10.28% 25.91% 45.86% 57.43% 23.85% 27.87% 36.17% 185.42% 16.73% 32.96%
7.07 5.52 3.66 1.46 4.82 2.96 3.60 -0.42 14.14 4.73
EPS in Rs 0.61 0.48 0.32 0.13 0.42 0.26 0.31 -0.04 1.22 0.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026 TTM
1,169 2,598 2,792 2,751
1,153 2,523 2,681 2,656
Operating Profit 16 75 111 94
OPM % 1.4% 2.9% 4.0% 3.4%
18 21 10 16
Interest 24 60 74 59
Depreciation 6 13 20 21
Profit before tax 4 24 27 30
Tax % -17% 35% 25%
4 15 20 22
EPS in Rs 0.37 1.34 1.75 1.90
Dividend Payout % 0% 0% 34%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 109%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -11%
Return on Equity
10 Years: %
5 Years: %
3 Years: 3%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
Equity Capital 23 23 23
Reserves 543 643 724
15 376 367
762 1,033 1,424
Total Liabilities 1,343 2,075 2,538
69 98 108
CWIP 0 0 7
Investments 3 82 66
1,271 1,895 2,357
Total Assets 1,343 2,075 2,538

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
195 69 21
-135 -128 19
-15 68 -72
Net Cash Flow 46 9 -32
Free Cash Flow 168 35 -13
CFO/OP 1,233% 91% 24%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
Debtor Days 190 136 214
Inventory Days 42 24 26
Days Payable 201 103 166
Cash Conversion Cycle 31 57 74
Working Capital Days 62 -13 23
ROCE % 12% 11%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Unexecuted Order Book
INR Crore ・Standalone data

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Cumulative AIS/GIS Substations Commissioned
count ・Standalone data
Cumulative Distribution Transformers Installed
count ・Standalone data
Cumulative Monopoles Supplied
count ・Standalone data
Cumulative Transmission Lines Commissioned
ckm ・Standalone data
Manufacturing Production Volume
MT ・Standalone data
Power Transmission Share of Order Book
% ・Standalone data
Annual Order Inflow
INR Crore ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
62.85% 62.85% 62.75% 62.72% 62.61% 62.59% 62.57% 62.57% 62.55% 62.53% 62.53% 62.53%
10.51% 10.46% 0.51% 0.29% 0.50% 0.28% 0.31% 0.32% 0.67% 0.40% 0.50% 0.53%
11.98% 12.03% 8.07% 7.83% 8.29% 9.54% 9.60% 10.30% 8.66% 9.06% 9.58% 9.20%
14.66% 14.66% 28.67% 29.17% 28.59% 27.59% 27.51% 26.81% 28.11% 28.01% 27.39% 27.72%
No. of Shareholders 63,36362,79683,26890,10690,72589,92988,56185,93985,01383,99183,53383,063

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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