Praj Industries Ltd
Praj Industries Ltd., founded in 1983 is a leading biotechnology and engineering company globally. It offers sustainable solutions in bioenergy, water purification, process equipment, breweries, and wastewater treatment. Company is focused on the environment , energy and farm-to-fuel technology solution. Company has global offices in Thailand, Philippines, and the USA.[1]
- Market Cap ₹ 6,473 Cr.
- Current Price ₹ 352
- High / Low ₹ 538 / 273
- Stock P/E 47.2
- Book Value ₹ 78.0
- Dividend Yield 1.70 %
- ROCE 13.1 %
- ROE 9.64 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 45.3%
Cons
- Promoter holding is low: 32.8%
- Working capital days have increased from 47.5 days to 76.5 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 801 | 824 | 729 | 697 | 923 | 942 | 1,089 | 2,053 | 3,153 | 2,990 | 2,745 | 2,586 | |
| 739 | 741 | 662 | 661 | 850 | 867 | 994 | 1,880 | 2,874 | 2,669 | 2,446 | 2,411 | |
| Operating Profit | 63 | 83 | 68 | 36 | 73 | 75 | 95 | 173 | 279 | 321 | 298 | 175 |
| OPM % | 8% | 10% | 9% | 5% | 8% | 8% | 9% | 8% | 9% | 11% | 11% | 7% |
| 32 | 17 | 19 | 26 | 28 | 24 | 23 | 62 | 61 | 84 | 100 | 48 | |
| Interest | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 4 | 6 |
| Depreciation | 26 | 22 | 19 | 21 | 20 | 19 | 19 | 20 | 27 | 36 | 45 | 54 |
| Profit before tax | 68 | 77 | 67 | 40 | 81 | 78 | 97 | 214 | 309 | 365 | 350 | 162 |
| Tax % | -1% | 16% | 31% | 21% | 23% | 17% | 26% | 23% | 23% | 23% | 24% | 26% |
| 69 | 65 | 47 | 31 | 62 | 65 | 71 | 164 | 238 | 280 | 264 | 120 | |
| EPS in Rs | 3.86 | 3.68 | 2.61 | 1.74 | 3.42 | 3.53 | 3.89 | 8.95 | 12.93 | 15.26 | 14.39 | 6.56 |
| Dividend Payout % | 42% | 44% | 62% | 93% | 62% | 76% | 56% | 47% | 35% | 39% | 42% | 55% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 19% |
| 3 Years: | -6% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | -16% |
| TTM: | -44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 1% |
| 3 Years: | -3% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 18% |
| 3 Years: | 17% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 35 | 36 | 36 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| Reserves | 580 | 622 | 679 | 687 | 700 | 668 | 740 | 870 | 1,029 | 1,224 | 1,377 | 1,396 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 39 | 40 | 43 | 43 | |
| 416 | 411 | 380 | 327 | 430 | 358 | 691 | 1,147 | 1,332 | 1,235 | 1,327 | 1,319 | |
| Total Liabilities | 1,031 | 1,069 | 1,095 | 1,050 | 1,167 | 1,063 | 1,468 | 2,071 | 2,437 | 2,537 | 2,784 | 2,795 |
| 215 | 188 | 188 | 216 | 209 | 211 | 201 | 202 | 235 | 240 | 293 | 303 | |
| CWIP | 1 | 1 | 31 | 4 | 2 | 2 | 1 | 2 | 7 | 42 | 14 | 1 |
| Investments | 289 | 312 | 301 | 366 | 375 | 312 | 475 | 613 | 690 | 637 | 563 | 567 |
| 526 | 567 | 575 | 464 | 580 | 538 | 792 | 1,254 | 1,506 | 1,618 | 1,913 | 1,924 | |
| Total Assets | 1,031 | 1,069 | 1,095 | 1,050 | 1,167 | 1,063 | 1,468 | 2,071 | 2,437 | 2,537 | 2,784 | 2,795 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 141 | 54 | 18 | 102 | 4 | 14 | 210 | 153 | 131 | 178 | 75 | ||
| -70 | -7 | -13 | -64 | -1 | 71 | -155 | -104 | -59 | -26 | 19 | ||
| -34 | -65 | 8 | -27 | -37 | -96 | -5 | -43 | -91 | -104 | -135 | ||
| Net Cash Flow | 38 | -18 | 13 | 11 | -34 | -12 | 51 | 6 | -19 | 48 | -42 | |
| Free Cash Flow | 147 | 43 | -18 | 88 | -7 | 8 | 204 | 137 | 97 | 111 | 72 | |
| CFO/OP | 200% | 99% | 49% | 302% | 29% | 41% | 236% | 111% | 67% | 84% | 55% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 92 | 129 | 109 | 97 | 90 | 103 | 125 | 74 | 79 | 60 | 57 | 62 |
| Inventory Days | 171 | 67 | 60 | 47 | 76 | 55 | 52 | 84 | 53 | 35 | 55 | 60 |
| Days Payable | 126 | 155 | 152 | 134 | 137 | 113 | 169 | 101 | 79 | 80 | 94 | 131 |
| Cash Conversion Cycle | 137 | 40 | 18 | 10 | 29 | 45 | 8 | 56 | 53 | 16 | 19 | -9 |
| Working Capital Days | 17 | 40 | 63 | 39 | 30 | 62 | 4 | 1 | 8 | 27 | 39 | 76 |
| ROCE % | 9% | 12% | 10% | 5% | 10% | 12% | 13% | 21% | 30% | 31% | 24% | 13% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bioenergy Segmental Revenue INR Mn |
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| Order Intake INR Mn |
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| High Purity Segmental Revenue INR Mn |
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| Engineering Segmental Revenue INR Mn |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 35m
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22h - Praj Industries released Q4-FY26/FY26 investor presentation with audited financial results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Praj Industries announced Q4 FY26 and FY26 audited results, plus Rs 3.60 final dividend proposal.
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Intimation Regarding Appointment Of Internal & Cost Auditors.
1d - Board recommended ₹3.60 final dividend, reappointed Ms. Rujuta Jagtap, and appointed auditors for FY27.
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Intimation Of Details Of KMP Under Reg 30(5).
1d - Board authorized four KMPs to determine materiality and make stock exchange disclosures.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from bse
Concalls
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Mar 2026Transcript PPT REC
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Feb 2026TranscriptAI SummaryPPT
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Dec 2025Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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Sep 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Jul 2024TranscriptAI SummaryPPT
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Jun 2024Transcript PPT
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May 2024Transcript PPT REC
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May 2024TranscriptAI SummaryPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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Jul 2023Transcript PPT REC
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Jul 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Oct 2022TranscriptPPT
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Aug 2022TranscriptPPT REC
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Jun 2022TranscriptAI SummaryPPT
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Mar 2022TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Mar 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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May 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Jul 2019TranscriptPPT
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May 2019TranscriptPPT
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Jan 2019Transcript PPT
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Dec 2018TranscriptPPT
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Oct 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017Transcript PPT
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Aug 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
Products portfolio[1]
Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages.