Praj Industries Ltd

Praj Industries Ltd

₹ 570 -0.79%
21 Sep - close price
About

Praj Industries Ltd, incorporated in 1985 and headquartered in Pune has a presence across the globe with more than 750 references in more than 75 countries. [1] It began as a supplier of an ethanol plant, today it is a global company providing various solutions with a focus on the environment, energy, and agri-process industry. [2]

Key Points

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

  • Market Cap 10,481 Cr.
  • Current Price 570
  • High / Low 610 / 299
  • Stock P/E 42.6
  • Book Value 58.0
  • Dividend Yield 0.79 %
  • ROCE 30.4 %
  • ROE 23.6 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 54.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 45.8%

Cons

  • Stock is trading at 9.83 times its book value

* 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
92 208 289 499 334 463 518 741 669 794 807 879 650
106 198 254 429 304 426 470 671 614 732 730 783 587
Operating Profit -14 10 35 70 30 37 47 70 55 62 76 96 63
OPM % -15% 5% 12% 14% 9% 8% 9% 9% 8% 8% 9% 11% 10%
4 4 4 5 4 6 34 7 4 26 7 13 11
Interest 1 1 1 1 1 0 0 1 1 1 1 2 1
Depreciation 5 5 5 5 5 5 5 6 6 6 6 9 8
Profit before tax -15 9 33 70 29 38 77 70 53 81 77 98 65
Tax % 25% 29% 25% 26% 26% 30% 17% 26% 24% 21% 27% 21% 24%
-11 6 25 51 22 27 64 52 41 64 56 77 49
EPS in Rs -0.62 0.33 1.37 2.81 1.17 1.45 3.49 2.83 2.21 3.49 3.03 4.20 2.68
Raw PDF

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
880 726 783 801 824 729 697 923 942 1,089 2,062 3,153 3,129
818 661 712 739 741 662 661 850 867 994 1,889 2,874 2,832
Operating Profit 62 65 70 63 83 68 36 73 75 95 173 279 297
OPM % 7% 9% 9% 8% 10% 9% 5% 8% 8% 9% 8% 9% 10%
64 29 22 32 17 19 26 28 24 23 62 61 57
Interest 0 0 0 0 1 1 1 1 2 2 2 4 5
Depreciation 14 13 14 26 22 19 21 20 19 19 20 27 29
Profit before tax 112 81 78 68 77 67 40 81 78 97 214 309 321
Tax % 41% 18% 20% -1% 16% 31% 21% 23% 17% 26% 23% 23%
66 66 62 69 65 47 31 62 65 71 164 238 246
EPS in Rs 3.62 3.73 3.52 3.86 3.68 2.61 1.74 3.42 3.53 3.89 8.95 12.93 13.40
Dividend Payout % 44% 43% 63% 42% 44% 62% 93% 62% 76% 56% 47% 35%
Compounded Sales Growth
10 Years: 16%
5 Years: 35%
3 Years: 50%
TTM: 31%
Compounded Profit Growth
10 Years: 15%
5 Years: 55%
3 Years: 50%
TTM: 55%
Stock Price CAGR
10 Years: 32%
5 Years: 42%
3 Years: 104%
1 Year: 40%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 18%
Last Year: 24%

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
36 35 35 35 36 36 36 37 37 37 37 37
Reserves 515 533 549 580 622 679 687 700 668 740 870 1,029
0 0 0 0 0 0 0 0 0 15 17 39
526 471 558 416 411 380 327 430 358 676 1,151 1,332
Total Liabilities 1,076 1,039 1,143 1,031 1,069 1,095 1,050 1,167 1,063 1,468 2,075 2,437
165 173 239 215 188 188 216 209 211 201 202 235
CWIP 10 48 2 1 1 31 4 2 2 1 2 7
Investments 225 249 205 289 312 301 366 375 312 475 613 690
677 570 697 526 567 575 464 580 538 792 1,258 1,506
Total Assets 1,076 1,039 1,143 1,031 1,069 1,095 1,050 1,167 1,063 1,468 2,075 2,437

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 20 27 141 54 18 102 4 14 210 153 131
37 22 17 -70 -7 -13 -64 -1 71 -155 -104 -59
-68 -49 -46 -34 -65 8 -27 -37 -96 -5 -43 -91
Net Cash Flow -18 -7 -2 38 -18 13 11 -34 -12 51 6 -19

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 107 110 117 92 129 109 97 90 103 125 74 79
Inventory Days 96 97 162 171 67 60 47 76 55 52 83 53
Days Payable 93 108 143 126 155 152 134 137 113 169 101 79
Cash Conversion Cycle 109 99 136 137 40 18 10 29 45 8 56 53
Working Capital Days 17 36 50 17 40 63 39 30 62 5 2 9
ROCE % 16% 13% 12% 9% 12% 10% 5% 10% 12% 13% 25% 30%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
32.92% 32.92% 32.91% 32.85% 32.83% 32.83% 32.83% 32.83% 32.82% 32.87% 32.82% 32.82%
12.26% 12.25% 11.62% 13.12% 15.00% 14.98% 13.84% 15.93% 16.98% 17.61% 17.83% 18.30%
16.05% 16.12% 15.21% 7.13% 6.85% 8.41% 8.83% 10.01% 10.33% 7.69% 7.83% 8.40%
38.77% 38.71% 40.26% 46.90% 45.32% 43.78% 44.50% 41.23% 39.85% 41.84% 41.50% 40.48%
No. of Shareholders 1,13,1051,02,81499,6902,00,6122,03,2492,07,5862,79,0572,76,0962,61,2942,79,3312,83,4592,77,224

* 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.

Documents

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