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 ₹ 6,275 Cr.
- Current Price ₹ 341
- High / Low ₹ 514 / 273
- Stock P/E 324
- Book Value ₹ 71.2
- Dividend Yield 1.76 %
- ROCE 6.31 %
- ROE 1.44 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 122%
Cons
- Promoter holding is low: 32.8%
- Company has a low return on equity of 12.5% over last 3 years.
- Working capital days have increased from 37.0 days to 62.8 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,012 | 1,024 | 915 | 917 | 1,141 | 1,102 | 1,305 | 2,343 | 3,528 | 3,466 | 3,228 | 3,168 | |
| 919 | 910 | 846 | 865 | 1,062 | 1,024 | 1,192 | 2,149 | 3,220 | 3,094 | 2,913 | 3,016 | |
| Operating Profit | 93 | 114 | 69 | 52 | 79 | 78 | 112 | 194 | 308 | 372 | 315 | 152 |
| OPM % | 9% | 11% | 8% | 6% | 7% | 7% | 9% | 8% | 9% | 11% | 10% | 5% |
| 34 | 18 | 22 | 27 | 32 | 30 | 26 | 36 | 45 | 59 | 89 | 24 | |
| Interest | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 10 | 19 | 20 |
| Depreciation | 38 | 25 | 22 | 24 | 23 | 22 | 22 | 23 | 30 | 44 | 86 | 106 |
| Profit before tax | 86 | 105 | 68 | 53 | 88 | 83 | 113 | 205 | 319 | 377 | 299 | 50 |
| Tax % | 9% | 22% | 34% | 26% | 22% | 15% | 28% | 27% | 25% | 25% | 27% | 52% |
| 78 | 82 | 45 | 39 | 68 | 70 | 81 | 150 | 240 | 283 | 219 | 24 | |
| EPS in Rs | 4.30 | 4.63 | 2.49 | 2.18 | 3.73 | 3.85 | 4.42 | 8.18 | 13.05 | 15.42 | 11.91 | 1.30 |
| Dividend Payout % | 38% | 35% | 65% | 74% | 57% | 70% | 49% | 51% | 34% | 39% | 50% | 278% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 19% |
| 3 Years: | -4% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -13% |
| 5 Years: | -25% |
| 3 Years: | -57% |
| TTM: | -90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | -1% |
| 3 Years: | -4% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 15% |
| 3 Years: | 12% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 587 | 620 | 674 | 690 | 708 | 683 | 765 | 879 | 1,041 | 1,238 | 1,345 | 1,272 |
| 17 | 16 | 4 | 6 | 0 | 0 | 18 | 21 | 42 | 169 | 195 | 173 | |
| 504 | 485 | 473 | 401 | 502 | 442 | 774 | 1,281 | 1,499 | 1,450 | 1,581 | 1,574 | |
| Total Liabilities | 1,144 | 1,157 | 1,187 | 1,133 | 1,247 | 1,162 | 1,594 | 2,218 | 2,619 | 2,894 | 3,157 | 3,056 |
| 302 | 272 | 270 | 297 | 290 | 294 | 284 | 286 | 317 | 474 | 567 | 561 | |
| CWIP | 1 | 1 | 31 | 4 | 2 | 2 | 1 | 2 | 7 | 43 | 18 | 6 |
| Investments | 158 | 145 | 134 | 201 | 211 | 164 | 335 | 463 | 543 | 497 | 428 | 418 |
| 682 | 738 | 752 | 631 | 744 | 702 | 975 | 1,467 | 1,752 | 1,880 | 2,144 | 2,072 | |
| Total Assets | 1,144 | 1,157 | 1,187 | 1,133 | 1,247 | 1,162 | 1,594 | 2,218 | 2,619 | 2,894 | 3,157 | 3,056 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 150 | 51 | 20 | 101 | 33 | 15 | 225 | 188 | 162 | 199 | 43 | 200 | |
| -77 | 2 | -8 | -69 | -3 | 66 | -164 | -137 | -78 | -6 | 75 | -6 | |
| -40 | -68 | -4 | -25 | -43 | -98 | -6 | -44 | -93 | -124 | -161 | -187 | |
| Net Cash Flow | 33 | -15 | 9 | 8 | -14 | -18 | 55 | 6 | -9 | 70 | -42 | 6 |
| Free Cash Flow | 154 | 39 | -16 | 85 | 19 | 8 | 217 | 169 | 127 | 111 | -1 | 157 |
| CFO/OP | 151% | 76% | 59% | 221% | 68% | 42% | 213% | 120% | 73% | 82% | 46% | 178% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 101 | 131 | 118 | 105 | 98 | 109 | 127 | 80 | 82 | 68 | 63 | 64 |
| Inventory Days | 164 | 79 | 82 | 63 | 76 | 73 | 64 | 86 | 55 | 41 | 56 | 60 |
| Days Payable | 128 | 162 | 167 | 137 | 140 | 124 | 169 | 106 | 84 | 92 | 106 | 132 |
| Cash Conversion Cycle | 137 | 48 | 33 | 30 | 33 | 59 | 21 | 60 | 54 | 16 | 12 | -8 |
| Working Capital Days | 26 | 46 | 66 | 51 | 39 | 65 | 12 | 4 | 8 | 16 | 32 | 63 |
| ROCE % | 12% | 16% | 10% | 6% | 11% | 11% | 15% | 23% | 31% | 29% | 18% | 6% |
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 |
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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
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3 Jun - Transcript of Earnings Call held on 29th May, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Audio recording of analyst call held on 29 May 2026 for FY26 audited results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 May - 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
28 May - 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.
28 May - Board recommended ₹3.60 final dividend, reappointed Ms. Rujuta Jagtap, and appointed auditors for FY27.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
Concalls
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Jun 2026Transcript PPT REC
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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.