Praj Industries Ltd

Praj Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Praj Industries Ltd

₹ 519 -0.91%
24 Apr - close price
praj.net BSE: 522205 NSE : PRAJIND
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]

Website BSE NSE
  • Market Cap ₹ 9,548 Cr.
  • Current Price ₹ 519
  • High / Low ₹ 650 / 340
  • Stock P/E 34.2
  • Book Value ₹ 60.5
  • Dividend Yield 0.87 %
  • ROCE 31.0 %
  • ROE 23.7 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 47.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 44.9%

Cons

  • Stock is trading at 8.58 times its book value
  • 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

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
348 567 386 532 586 831 732 881 911 1,004 737 882 829
308 492 356 486 535 753 676 813 825 896 661 798 731
Operating Profit 40 75 31 46 51 78 56 68 86 108 75 84 98
OPM % 11% 13% 8% 9% 9% 9% 8% 8% 9% 11% 10% 10% 12%
5 4 5 7 5 7 5 6 8 16 12 11 9
Interest 1 1 1 1 1 1 1 1 1 2 1 1 4
Depreciation 6 5 5 5 5 7 6 7 7 9 9 9 11
Profit before tax 39 73 30 47 50 78 54 66 86 113 78 85 92
Tax % 27% 29% 26% 29% 26% 26% 24% 27% 27% 22% 24% 26% 23%
28 52 22 33 37 58 41 48 62 88 59 62 70
EPS in Rs 1.54 2.84 1.21 1.81 2.02 3.14 2.25 2.62 3.39 4.80 3.19 3.39 3.83
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,003 919 986 1,012 1,024 915 917 1,141 1,102 1,305 2,343 3,528 3,452
911 834 907 919 910 846 865 1,062 1,024 1,192 2,149 3,220 3,086
Operating Profit 93 85 79 93 114 69 52 79 78 112 194 308 365
OPM % 9% 9% 8% 9% 11% 8% 6% 7% 7% 9% 8% 9% 11%
44 31 23 34 18 22 27 32 30 26 36 45 48
Interest 1 2 1 2 2 1 1 1 3 3 3 5 8
Depreciation 16 22 24 38 25 22 24 23 22 22 23 30 38
Profit before tax 119 92 77 86 105 68 53 88 83 113 205 319 367
Tax % 41% 23% 27% 9% 22% 34% 26% 22% 15% 28% 27% 25%
70 72 57 78 82 45 39 68 70 81 150 240 280
EPS in Rs 3.73 3.83 3.08 4.30 4.63 2.49 2.18 3.73 3.85 4.42 8.18 13.05 15.21
Dividend Payout % 43% 42% 72% 38% 35% 65% 74% 57% 70% 49% 51% 34%
Compounded Sales Growth
10 Years: 14%
5 Years: 31%
3 Years: 47%
TTM: 3%
Compounded Profit Growth
10 Years: 14%
5 Years: 47%
3 Years: 53%
TTM: 34%
Stock Price CAGR
10 Years: 25%
5 Years: 30%
3 Years: 29%
1 Year: 47%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 18%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 36 35 35 35 36 36 36 37 37 37 37 37 37
Reserves 517 535 547 587 620 674 690 708 683 765 879 1,041 1,076
24 16 21 17 16 4 6 0 0 18 21 42 38
670 659 670 504 485 473 401 502 442 774 1,281 1,499 1,432
Total Liabilities 1,247 1,246 1,274 1,144 1,157 1,187 1,133 1,247 1,162 1,594 2,218 2,619 2,582
241 247 323 302 272 270 297 290 294 284 286 317 309
CWIP 10 48 2 1 1 31 4 2 2 1 2 7 25
Investments 155 163 91 158 145 134 201 211 164 335 463 543 447
841 788 859 682 738 752 631 744 702 975 1,467 1,752 1,801
Total Assets 1,247 1,246 1,274 1,144 1,157 1,187 1,133 1,247 1,162 1,594 2,218 2,619 2,582

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 28 -3 150 51 20 101 33 15 225 188 162
36 26 19 -77 2 -8 -69 -3 66 -164 -137 -78
-69 -58 -40 -40 -68 -4 -25 -43 -98 -6 -44 -93
Net Cash Flow -7 -4 -24 33 -15 9 8 -14 -18 55 6 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 120 125 119 101 131 118 105 98 109 127 80 82
Inventory Days 105 116 170 164 79 82 63 76 73 64 86 55
Days Payable 133 193 153 128 162 167 137 140 124 169 106 84
Cash Conversion Cycle 92 49 136 137 48 33 30 33 59 21 60 54
Working Capital Days 14 30 55 32 52 68 53 39 65 14 5 10
ROCE % 17% 14% 11% 12% 16% 10% 6% 11% 11% 15% 23% 31%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.85% 32.83% 32.83% 32.83% 32.83% 32.82% 32.87% 32.82% 32.82% 32.82% 32.81% 32.81%
13.12% 15.00% 14.98% 13.84% 15.93% 16.98% 17.61% 17.83% 18.30% 17.93% 17.37% 18.87%
7.13% 6.85% 8.41% 8.83% 10.01% 10.33% 7.69% 7.83% 8.40% 10.20% 13.09% 13.69%
46.90% 45.32% 43.78% 44.50% 41.23% 39.85% 41.84% 41.50% 40.48% 39.04% 36.74% 34.64%
No. of Shareholders 2,00,6122,03,2492,07,5862,79,0572,76,0962,61,2942,79,3312,83,4592,77,2242,96,9313,14,4753,24,849

* 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.

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