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 ₹ 9,679 Cr.
- Current Price ₹ 526
- High / Low ₹ 875 / 441
- Stock P/E 48.5
- Book Value ₹ 75.2
- Dividend Yield 1.14 %
- ROCE 19.2 %
- ROE 15.0 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 41.3%
Cons
- Stock is trading at 7.00 times its book value
- Promoter holding is low: 32.8%
- Working capital days have increased from 35.4 days to 77.9 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
986 | 1,012 | 1,024 | 915 | 917 | 1,141 | 1,102 | 1,305 | 2,343 | 3,528 | 3,466 | 3,228 | |
907 | 919 | 910 | 846 | 865 | 1,062 | 1,024 | 1,192 | 2,149 | 3,220 | 3,094 | 2,903 | |
Operating Profit | 79 | 93 | 114 | 69 | 52 | 79 | 78 | 112 | 194 | 308 | 372 | 325 |
OPM % | 8% | 9% | 11% | 8% | 6% | 7% | 7% | 9% | 8% | 9% | 11% | 10% |
23 | 34 | 18 | 22 | 27 | 32 | 30 | 26 | 36 | 45 | 59 | 79 | |
Interest | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 10 | 19 |
Depreciation | 24 | 38 | 25 | 22 | 24 | 23 | 22 | 22 | 23 | 30 | 44 | 86 |
Profit before tax | 77 | 86 | 105 | 68 | 53 | 88 | 83 | 113 | 205 | 319 | 377 | 299 |
Tax % | 27% | 9% | 22% | 34% | 26% | 22% | 15% | 28% | 27% | 25% | 25% | 27% |
57 | 78 | 82 | 45 | 39 | 68 | 70 | 81 | 150 | 240 | 283 | 219 | |
EPS in Rs | 3.08 | 4.30 | 4.63 | 2.49 | 2.18 | 3.73 | 3.85 | 4.42 | 8.18 | 13.05 | 15.42 | 11.91 |
Dividend Payout % | 72% | 38% | 35% | 65% | 74% | 57% | 70% | 49% | 51% | 34% | 39% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 24% |
3 Years: | 11% |
TTM: | -7% |
Compounded Profit Growth | |
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10 Years: | 12% |
5 Years: | 25% |
3 Years: | 11% |
TTM: | -27% |
Stock Price CAGR | |
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10 Years: | 19% |
5 Years: | 50% |
3 Years: | 17% |
1 Year: | -12% |
Return on Equity | |
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10 Years: | 14% |
5 Years: | 18% |
3 Years: | 20% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Equity Capital | 35 | 35 | 36 | 36 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
Reserves | 547 | 587 | 620 | 674 | 690 | 708 | 683 | 765 | 879 | 1,041 | 1,238 | 1,345 |
21 | 17 | 16 | 4 | 6 | 0 | 0 | 18 | 21 | 42 | 169 | 195 | |
670 | 504 | 485 | 473 | 401 | 502 | 442 | 774 | 1,281 | 1,499 | 1,450 | 1,584 | |
Total Liabilities | 1,274 | 1,144 | 1,157 | 1,187 | 1,133 | 1,247 | 1,162 | 1,594 | 2,218 | 2,619 | 2,894 | 3,160 |
323 | 302 | 272 | 270 | 297 | 290 | 294 | 284 | 286 | 317 | 474 | 568 | |
CWIP | 2 | 1 | 1 | 31 | 4 | 2 | 2 | 1 | 2 | 7 | 43 | 17 |
Investments | 91 | 158 | 145 | 134 | 201 | 211 | 164 | 335 | 463 | 543 | 497 | 428 |
859 | 682 | 738 | 752 | 631 | 744 | 702 | 975 | 1,467 | 1,752 | 1,880 | 2,147 | |
Total Assets | 1,274 | 1,144 | 1,157 | 1,187 | 1,133 | 1,247 | 1,162 | 1,594 | 2,218 | 2,619 | 2,894 | 3,160 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3 | 150 | 51 | 20 | 101 | 33 | 15 | 225 | 188 | 162 | 199 | 43 | |
19 | -77 | 2 | -8 | -69 | -3 | 66 | -164 | -137 | -78 | -6 | 71 | |
-40 | -40 | -68 | -4 | -25 | -43 | -98 | -6 | -44 | -93 | -124 | -161 | |
Net Cash Flow | -24 | 33 | -15 | 9 | 8 | -14 | -18 | 55 | 6 | -9 | 70 | -47 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 119 | 101 | 131 | 118 | 105 | 98 | 109 | 127 | 80 | 82 | 88 | 63 |
Inventory Days | 170 | 164 | 79 | 82 | 63 | 76 | 73 | 64 | 86 | 55 | 41 | 56 |
Days Payable | 153 | 128 | 162 | 167 | 137 | 140 | 124 | 169 | 106 | 84 | 92 | 106 |
Cash Conversion Cycle | 136 | 137 | 48 | 33 | 30 | 33 | 59 | 21 | 60 | 54 | 37 | 12 |
Working Capital Days | 55 | 32 | 52 | 68 | 53 | 39 | 65 | 14 | 5 | 10 | 19 | 78 |
ROCE % | 11% | 12% | 16% | 10% | 6% | 11% | 11% | 15% | 23% | 31% | 29% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Jun - Praj to build 600 m³/day ethanol biorefinery in Paraguay, operational by Oct 2026, boosting bioeconomy.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
4 Jun - Praj, IATA, ISMA sign MoU to certify and advance sugarcane-based SAF in India, supporting 2027-28 blending mandates.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Jun - Praj, IATA, ISMA sign MoU to certify and assess sugarcane-based SAF carbon intensity in India.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 May - Praj Industries to participate in investor conference on 29 May 2025; no price-sensitive info to be shared.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Secretarial Compliance Report confirming full SEBI regulation compliance for FY ended March 2025.
Annual reports
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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
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Financial Year 2012
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Financial Year 2012
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Concalls
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Jan 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
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May 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Jul 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022TranscriptPPT
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Aug 2022TranscriptNotesPPT REC
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Jun 2022TranscriptNotesPPT
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Mar 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Oct 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 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
Products portfolio[1]
Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages.