Prajay Engineers Syndicate Ltd

Prajay Engineers Syndicate Ltd

₹ 20.9 -2.20%
25 May - close price
About

Incorporated in 1994, Prajay Engineers Syndicate Ltd is in the business of Real Estate
Construction and Management and Hospitality Services.[1]

Key Points

Business Overview:[1]
The company develops and sells residential, commercial, and retail properties, with certain operations carried out through subsidiaries, JVs, and associates. Funding needs of these entities are partly met from internal cash flows, while the company provides securities and corporate guarantees to secure their borrowings. In some cases, these entities also extend security over their assets to support the company’s borrowings. Additionally, the company undertakes ancillary transactions such as leasing, management and maintenance services, material sales/purchases, transfer of rights, and construction-related cost allocations.

  • Market Cap 146 Cr.
  • Current Price 20.9
  • High / Low 33.9 / 17.0
  • Stock P/E
  • Book Value 68.4
  • Dividend Yield 0.00 %
  • ROCE -2.62 %
  • ROE -3.86 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.31 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.03% over past five years.
  • Promoter holding is low: 36.8%
  • Company has a low return on equity of -5.61% over last 3 years.
  • Contingent liabilities of Rs.53.3 Cr.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 419 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
11.58 7.51 2.78 20.80 26.37 4.71 25.67 11.52 15.56 14.71 8.55 8.07 7.09
26.07 8.66 7.72 27.10 50.57 9.74 31.19 15.45 29.79 20.40 15.25 9.55 15.38
Operating Profit -14.49 -1.15 -4.94 -6.30 -24.20 -5.03 -5.52 -3.93 -14.23 -5.69 -6.70 -1.48 -8.29
OPM % -125.13% -15.31% -177.70% -30.29% -91.77% -106.79% -21.50% -34.11% -91.45% -38.68% -78.36% -18.34% -116.93%
16.94 0.91 0.74 0.52 1.30 0.81 0.85 1.15 1.28 3.71 1.47 1.85 1.65
Interest 0.98 0.55 1.62 0.04 0.12 0.08 0.13 0.06 0.18 0.09 0.12 0.14 0.22
Depreciation 0.99 0.95 0.95 0.96 0.95 0.95 1.02 0.92 0.79 0.83 0.83 0.93 0.89
Profit before tax 0.48 -1.74 -6.77 -6.78 -23.97 -5.25 -5.82 -3.76 -13.92 -2.90 -6.18 -0.70 -7.75
Tax % 14.58% 29.31% -2.07% 0.88% 0.63% 2.29% 6.70% 7.45% 2.95% 10.00% 4.85% 44.29% 3.87%
0.41 -2.26 -6.63 -6.84 -24.12 -5.37 -6.21 -4.04 -14.34 -3.20 -6.47 -1.02 -8.06
EPS in Rs 0.07 -0.32 -0.95 -0.92 -3.38 -0.67 -0.83 -0.47 -1.99 -0.43 -0.93 -0.16 -1.14
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
109 93 69 41 49 50 38 93 30 57 57 38
122 106 74 45 49 49 34 88 50 94 86 61
Operating Profit -13 -14 -5 -4 -1 1 5 5 -20 -37 -29 -22
OPM % -12% -15% -8% -10% -1% 3% 12% 6% -67% -64% -50% -58%
1 8 5 6 5 3 1 2 19 3 4 9
Interest 6 14 16 19 15 5 6 5 4 2 0 1
Depreciation 6 6 6 5 4 4 4 4 4 4 4 3
Profit before tax -25 -27 -22 -21 -15 -4 -4 -2 -9 -39 -29 -18
Tax % -1% 9% 9% 4% -6% 20% 22% 32% 3% 2% 4% 7%
-24 -29 -24 -22 -15 -5 -5 -2 -9 -40 -30 -19
EPS in Rs -3.53 -4.08 -3.33 -3.17 -2.05 -0.75 -0.71 -0.35 -1.31 -5.57 -3.96 -2.66
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -8%
5 Years: 0%
3 Years: 9%
TTM: -33%
Compounded Profit Growth
10 Years: 3%
5 Years: %
3 Years: %
TTM: 33%
Stock Price CAGR
10 Years: 12%
5 Years: 15%
3 Years: 19%
1 Year: 2%
Return on Equity
10 Years: -3%
5 Years: -4%
3 Years: -6%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 70 70 70 70 70 70 70 70 70 70 70 70
Reserves 556 574 550 528 509 505 500 497 486 447 417 408
296 269 274 260 207 195 193 187 173 182 174 163
371 377 388 446 497 458 456 399 214 201 179 164
Total Liabilities 1,293 1,290 1,282 1,304 1,283 1,228 1,218 1,153 943 900 839 804
156 149 144 139 135 132 134 132 128 126 151 152
CWIP 180 197 215 236 266 271 271 275 111 114 90 103
Investments 57 57 57 57 57 57 57 57 57 57 57 57
899 887 865 872 825 767 756 689 647 604 541 492
Total Assets 1,293 1,290 1,282 1,304 1,283 1,228 1,218 1,153 943 900 839 804

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2 52 56 33 49 15 7 5 7 24 19
-21 -17 -20 -20 -30 -6 -6 -5 -1 -3 -6
15 -35 -34 -12 -19 -10 -1 1 -2 7 -9
Net Cash Flow -5 1 2 0 -0 -2 -0 -0 5 28 4
Free Cash Flow -19 36 37 12 18 9 1 -1 6 20 13
CFO/OP -21% -394% -1,098% -761% -8,392% 701% 134% 84% -36% -65% -67%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 795 873 1,109 1,838 1,436 1,281 1,693 664 1,613 631 416 419
Inventory Days 5,019
Days Payable 1,401
Cash Conversion Cycle 795 873 1,109 1,838 1,436 1,281 1,693 664 1,613 631 416 4,037
Working Capital Days 1,319 1,450 1,614 2,389 1,717 1,686 2,091 864 4,657 1,983 1,634 2,236
ROCE % -2% -1% -1% -1% 0% 0% 0% 0% -1% -5% -4% -3%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtors (Trade Receivables) Turnover Ratio
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Debt Service Coverage Ratio
Times ・Standalone data
Net Capital Turnover Ratio
Times ・Standalone data
Residential Units (Megapolis Phase I)
Flats ・Standalone data
Hotel Room Inventory (Proposed/Completed)
Rooms ・Standalone data
Residential Units (Virgin County Phase II)
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Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
33.35% 33.58% 33.58% 35.64% 36.80% 36.80% 36.80% 36.80% 36.80% 36.80% 36.80% 36.80%
0.00% 0.00% 0.01% 0.00% 0.00% 0.01% 0.00% 0.03% 0.02% 0.02% 0.00% 0.00%
66.65% 66.41% 66.40% 64.34% 63.19% 63.18% 63.19% 63.16% 63.19% 63.19% 63.21% 63.20%
No. of Shareholders 18,99719,47119,20618,21818,69119,19619,08020,19619,83119,83119,24818,839

* 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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