Prajay Engineers Syndicate Ltd

₹ 28.3 4.19%

14 May 4:01 p.m.

prajayengineers.com BSE: 531746 NSE: PRAENG

About

Incorporated in 1994, Prajay Engineering Syndicate Ltd is in the business of real estate construction, development and maintaining hospitality projects^[1]

Key Points

Business Overview:^[1]
Company is in the business of architecture, engineering, design, and construction of residential and commercial properties in Hyderabad. It has also forayed into
Hospitality and Retail sector.

Website BSE NSE - BE

Market Cap ₹ 194 Cr.
Current Price ₹ 28.3
High / Low ₹ 31.8 / 10.4
Stock P/E
Book Value ₹ 80.0
Dividend Yield 0.00 %
ROCE -0.51 %
ROE -1.34 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.35 times its book value
Promoter holding has increased by 2.05% over last quarter.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -4.02% over past five years.
Promoter holding is low: 35.6%
Company has a low return on equity of -0.69% over last 3 years.
Contingent liabilities of Rs.70.6 Cr.
Company has high debtors of 1,596 days.
Working capital days have increased from 1,354 days to 3,043 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: Realty Industry: Construction

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	3.92	25.55	10.77	16.47	12.25	53.56	5.52	6.94	5.79	11.58	7.43	2.74	8.94
	4.07	19.61	8.82	12.56	11.96	53.23	5.66	7.79	8.91	25.67	8.34	6.56	12.00
Operating Profit	-0.15	5.94	1.95	3.91	0.29	0.33	-0.14	-0.85	-3.12	-14.09	-0.91	-3.82	-3.06
OPM %	-3.83%	23.25%	18.11%	23.74%	2.37%	0.62%	-2.54%	-12.25%	-53.89%	-121.68%	-12.25%	-139.42%	-34.23%
	0.29	0.34	0.34	0.56	0.47	0.77	0.68	0.56	0.73	16.92	0.91	0.74	0.47
Interest	1.49	1.52	1.68	1.69	0.89	0.88	0.97	0.98	1.02	0.98	0.55	1.62	0.04
Depreciation	0.99	1.00	1.00	1.04	1.03	1.01	1.01	1.02	1.02	0.99	0.95	0.95	0.96
Profit before tax	-2.34	3.76	-0.39	1.74	-1.16	-0.79	-1.44	-2.29	-4.43	0.86	-1.50	-5.65	-3.59
Tax %	-8.55%	6.12%	-33.33%	27.01%	6.03%	-10.13%	-3.47%	-3.93%	-1.81%	6.98%	-34.00%	2.48%	-1.67%
	-2.55	3.54	-0.51	1.27	-1.09	-0.87	-1.48	-2.37	-4.51	0.79	-2.02	-5.51	-3.65
EPS in Rs	-0.36	0.51	-0.07	0.18	-0.16	-0.12	-0.21	-0.34	-0.64	0.11	-0.29	-0.79	-0.52
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	78	137	82	56	73	52	37	47	49	39	93	30	31
	72	127	90	68	82	55	38	46	47	32	87	48	53
Operating Profit	6	9	-8	-12	-9	-2	-2	1	2	7	6	-18	-22
OPM %	8%	7%	-10%	-22%	-13%	-4%	-4%	2%	4%	17%	7%	-61%	-71%
	2	1	5	1	8	4	6	5	3	1	2	19	19
Interest	3	2	1	6	14	16	19	15	5	6	5	4	3
Depreciation	4	3	3	6	6	6	5	4	4	4	4	4	4
Profit before tax	1	5	-8	-24	-22	-19	-19	-14	-4	-2	-1	-7	-10
Tax %	822%	64%	75%	0%	-11%	-11%	-4%	7%	-24%	-34%	-100%	-4%
	-6	2	-2	-24	-25	-21	-19	-13	-5	-3	-1	-8	-10
EPS in Rs	-0.83	0.28	-0.29	-3.37	-3.53	-3.04	-2.79	-1.85	-0.66	-0.41	-0.17	-1.08	-1.49
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-14%
5 Years:	-4%
3 Years:	-15%
TTM:	-57%

Compounded Profit Growth
10 Years:	%
5 Years:	10%
3 Years:	-29%
TTM:	-13%

Stock Price CAGR
10 Years:	15%
5 Years:	29%
3 Years:	46%
1 Year:	132%

Return on Equity
10 Years:	-2%
5 Years:	-1%
3 Years:	-1%
Last Year:	-1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	70	70	70	70	70	70	70	70	70	70	70	70
Reserves	594	596	594	566	559	538	518	505	501	499	497	489
	231	175	173	182	159	164	160	110	99	96	98	85
	247	293	313	335	354	374	422	469	434	430	365	175
Total Liabilities	1,142	1,134	1,149	1,153	1,143	1,145	1,170	1,154	1,105	1,095	1,030	820
	39	40	43	145	138	134	129	125	122	124	122	118
CWIP	30	236	271	180	197	215	236	254	259	258	261	97
Investments	139	140	133	133	133	133	133	133	133	133	133	133
	933	718	702	695	674	663	672	643	591	579	514	472
Total Assets	1,142	1,134	1,149	1,153	1,143	1,145	1,170	1,154	1,105	1,095	1,030	820

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	12	62	28	-10	51	56	32	34	14	7	-3	3
	15	-6	-17	-19	-17	-19	-21	-18	-6	-5	-5	-0
	-24	-52	-16	27	-34	-34	-11	-16	-9	-2	8	0
Net Cash Flow	3	4	-6	-1	0	3	0	0	-1	-0	-0	3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	1,383	748	1,117	1,543	1,080	1,397	1,980	1,441	1,278	1,656	658	1,596
Inventory Days
Days Payable
Cash Conversion Cycle	1,383	748	1,117	1,543	1,080	1,397	1,980	1,441	1,278	1,656	658	1,596
Working Capital Days	2,656	806	1,236	1,489	947	945	1,153	632	606	687	332	3,043
ROCE %	0%	1%	-1%	-2%	-1%	-0%	-0%	0%	0%	1%	1%	-1%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	32.87%	32.87%	32.87%	32.87%	32.87%	32.87%	32.87%	33.58%	33.35%	33.58%	33.58%	35.64%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.00%	0.00%	0.00%	0.01%	0.00%
	67.13%	67.13%	67.13%	67.13%	67.13%	67.13%	67.05%	66.41%	66.65%	66.41%	66.40%	64.34%
No. of Shareholders	16,924	17,914	19,456	19,367	19,128	19,117	19,431	19,296	18,997	19,471	19,206	18,218

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	32.87%	32.87%	32.87%	32.87%	32.87%	32.87%	33.58%	35.64%
	67.13%	67.13%	67.13%	67.13%	67.13%	67.13%	66.41%	64.34%
No. of Shareholders	17,746	16,279	16,056	15,313	14,695	19,367	19,296	18,218

* 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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Prajay Engineers Syndicate Ltd

Prajay Engineers Syndicate Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports