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 ₹ 6,229 Cr.
- Current Price ₹ 339
- High / Low ₹ 875 / 328
- Stock P/E 32.4
- Book Value ₹ 76.9
- Dividend Yield 1.77 %
- ROCE 23.6 %
- ROE 18.2 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 28.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 38.6%
Cons
- Promoter holding is low: 32.8%
* 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 Industrial Manufacturing Industrial Products
Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
783 | 801 | 824 | 729 | 697 | 923 | 942 | 1,089 | 2,053 | 3,153 | 2,990 | 2,745 | 2,654 | |
712 | 739 | 741 | 662 | 661 | 850 | 867 | 994 | 1,880 | 2,874 | 2,669 | 2,446 | 2,403 | |
Operating Profit | 70 | 63 | 83 | 68 | 36 | 73 | 75 | 95 | 173 | 279 | 321 | 298 | 252 |
OPM % | 9% | 8% | 10% | 9% | 5% | 8% | 8% | 9% | 8% | 9% | 11% | 11% | 9% |
22 | 32 | 17 | 19 | 26 | 28 | 24 | 23 | 62 | 61 | 84 | 100 | 61 | |
Interest | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 4 | 4 |
Depreciation | 14 | 26 | 22 | 19 | 21 | 20 | 19 | 19 | 20 | 27 | 36 | 45 | 48 |
Profit before tax | 78 | 68 | 77 | 67 | 40 | 81 | 78 | 97 | 214 | 309 | 365 | 350 | 260 |
Tax % | 20% | -1% | 16% | 31% | 21% | 23% | 17% | 26% | 23% | 23% | 23% | 24% | |
62 | 69 | 65 | 47 | 31 | 62 | 65 | 71 | 164 | 238 | 280 | 264 | 193 | |
EPS in Rs | 3.52 | 3.86 | 3.68 | 2.61 | 1.74 | 3.42 | 3.53 | 3.89 | 8.95 | 12.93 | 15.26 | 14.39 | 10.48 |
Dividend Payout % | 63% | 42% | 44% | 62% | 93% | 62% | 76% | 56% | 47% | 35% | 39% | 42% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 24% |
3 Years: | 10% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 29% |
3 Years: | 21% |
TTM: | -36% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 34% |
3 Years: | -7% |
1 Year: | -58% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 19% |
3 Years: | 22% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 35 | 35 | 36 | 36 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
Reserves | 549 | 580 | 622 | 679 | 687 | 700 | 668 | 740 | 870 | 1,029 | 1,224 | 1,377 |
0 | 0 | 0 | 0 | 0 | 0 | -0 | 15 | 17 | 39 | 40 | 43 | |
558 | 416 | 411 | 380 | 327 | 430 | 358 | 676 | 1,147 | 1,332 | 1,235 | 1,327 | |
Total Liabilities | 1,143 | 1,031 | 1,069 | 1,095 | 1,050 | 1,167 | 1,063 | 1,468 | 2,071 | 2,437 | 2,537 | 2,784 |
239 | 215 | 188 | 188 | 216 | 209 | 211 | 201 | 202 | 235 | 240 | 293 | |
CWIP | 2 | 1 | 1 | 31 | 4 | 2 | 2 | 1 | 2 | 7 | 42 | 14 |
Investments | 205 | 289 | 312 | 301 | 366 | 375 | 312 | 475 | 613 | 690 | 637 | 563 |
697 | 526 | 567 | 575 | 464 | 580 | 538 | 792 | 1,254 | 1,506 | 1,618 | 1,913 | |
Total Assets | 1,143 | 1,031 | 1,069 | 1,095 | 1,050 | 1,167 | 1,063 | 1,468 | 2,071 | 2,437 | 2,537 | 2,784 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | 141 | 54 | 18 | 102 | 4 | 14 | 210 | 153 | 131 | 178 | 75 | |
17 | -70 | -7 | -13 | -64 | -1 | 71 | -155 | -104 | -59 | -26 | 19 | |
-46 | -34 | -65 | 8 | -27 | -37 | -96 | -5 | -43 | -91 | -104 | -135 | |
Net Cash Flow | -2 | 38 | -18 | 13 | 11 | -34 | -12 | 51 | 6 | -19 | 48 | -42 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 117 | 92 | 129 | 109 | 97 | 90 | 103 | 125 | 74 | 79 | 60 | 57 |
Inventory Days | 162 | 171 | 67 | 60 | 47 | 76 | 55 | 52 | 84 | 53 | 35 | 55 |
Days Payable | 143 | 126 | 155 | 152 | 134 | 137 | 113 | 169 | 101 | 79 | 80 | 94 |
Cash Conversion Cycle | 136 | 137 | 40 | 18 | 10 | 29 | 45 | 8 | 56 | 53 | 16 | 19 |
Working Capital Days | 50 | 17 | 40 | 63 | 39 | 30 | 62 | 4 | 1 | 8 | 27 | 39 |
ROCE % | 12% | 9% | 12% | 10% | 5% | 10% | 12% | 13% | 21% | 30% | 31% | 24% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Oct
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Oct - Praj supplying $30M MVR low-carbon system to Aemetis Keyes ethanol plant; completion Q2 2026; ~$32M annual savings.
- Closure of Trading Window 26 Sep
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Sep - CFO Sachin Raole to attend PIFAA 14th AGM on 25 Sept 2025; no UPSI.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Sep - Investor presentation detailing business overview, order book INR 44,480 Mn, order intake INR 7,950 Mn.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Concalls
-
Sep 2025Transcript PPT REC
-
Aug 2025TranscriptNotesPPT
-
Jun 2025TranscriptNotesPPT
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Jan 2025TranscriptNotesPPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT REC
-
Jul 2024TranscriptNotesPPT
-
Jun 2024Transcript PPT
-
May 2024Transcript PPT REC
-
May 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT REC
-
Nov 2023Transcript PPT REC
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
Jul 2023Transcript PPT REC
-
Jul 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Oct 2022TranscriptPPT
-
Aug 2022TranscriptNotesPPT REC
-
Jun 2022TranscriptNotesPPT
-
Mar 2022TranscriptNotesPPT
-
Jan 2022TranscriptNotesPPT
-
Mar 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Nov 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
May 2020TranscriptPPT
-
Feb 2020TranscriptPPT
-
Oct 2019TranscriptPPT
-
Jul 2019TranscriptPPT
-
May 2019TranscriptPPT
-
Jan 2019Transcript PPT
-
Dec 2018TranscriptPPT
-
Oct 2018TranscriptPPT
-
May 2018TranscriptPPT
-
Feb 2018TranscriptPPT
-
Nov 2017Transcript PPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
Products portfolio[1]
Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages.