Praj Industries Ltd

Praj Industries Ltd

₹ 352 -8.21%
29 May - close price
About

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]

Key Points

Products portfolio[1]
Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
879 650 783 717 839 601 704 739 701 510 686 697 693
783 587 704 623 739 515 630 668 624 482 626 648 658
Operating Profit 96 63 79 94 100 86 74 72 77 28 60 49 34
OPM % 11% 10% 10% 13% 12% 14% 10% 10% 11% 5% 9% 7% 5%
13 11 35 10 12 42 16 16 17 13 11 -12 39
Interest 2 1 1 1 1 1 1 1 1 1 1 1 2
Depreciation 9 8 8 10 10 11 11 12 12 13 14 14 14
Profit before tax 98 65 105 93 102 116 78 75 81 27 56 23 57
Tax % 21% 24% 20% 23% 26% 21% 26% 26% 27% 25% 25% 27% 26%
77 49 84 72 76 92 58 56 59 20 42 17 42
EPS in Rs 4.20 2.68 4.58 3.90 4.11 5.00 3.15 3.03 3.21 1.09 2.27 0.90 2.30
Raw PDF

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 Backlog
INR Mn
Order Intake
INR Mn
High Purity Segmental Revenue
INR Mn
Engineering Segmental Revenue
INR Mn

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
32.82% 32.82% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81%
18.30% 17.93% 17.37% 18.87% 18.55% 19.03% 18.63% 17.16% 16.86% 17.53% 17.32% 17.74%
8.40% 10.20% 13.09% 13.69% 16.65% 17.34% 18.19% 19.51% 17.43% 14.83% 13.64% 12.68%
40.48% 39.04% 36.74% 34.64% 31.99% 30.82% 30.38% 30.52% 32.89% 34.82% 36.23% 36.77%
No. of Shareholders 2,77,2242,96,9313,14,4753,24,8493,27,6893,49,9243,53,0993,51,4323,86,4684,03,1104,06,8484,00,397

* 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.

Click on the line-items to see the names of individual entities.

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