Praj Industries Ltd
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]
- Market Cap ₹ 11,671 Cr.
- Current Price ₹ 635
- High / Low ₹ 650 / 299
- Stock P/E 43.0
- Book Value ₹ 60.6
- Dividend Yield 0.71 %
- ROCE 31.0 %
- ROE 23.7 %
- Face Value ₹ 2.00
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 10.4 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.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 3,535 | |
911 | 834 | 907 | 919 | 910 | 846 | 865 | 1,062 | 1,024 | 1,192 | 2,149 | 3,220 | 3,181 | |
Operating Profit | 93 | 85 | 79 | 93 | 114 | 69 | 52 | 79 | 78 | 112 | 194 | 308 | 354 |
OPM % | 9% | 9% | 8% | 9% | 11% | 8% | 6% | 7% | 7% | 9% | 8% | 9% | 10% |
44 | 31 | 23 | 34 | 18 | 22 | 27 | 32 | 30 | 26 | 36 | 45 | 47 | |
Interest | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 5 |
Depreciation | 16 | 22 | 24 | 38 | 25 | 22 | 24 | 23 | 22 | 22 | 23 | 30 | 35 |
Profit before tax | 119 | 92 | 77 | 86 | 105 | 68 | 53 | 88 | 83 | 113 | 205 | 319 | 361 |
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 | 271 | |
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 | 14.77 |
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: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 47% |
3 Years: | 53% |
TTM: | 47% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 43% |
3 Years: | 86% |
1 Year: | 68% |
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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 29 Nov
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 22 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Nov - About Analysts'' Meet organised by Praj Industries Ltd. on Wednesday, the 29th November, 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Nov - Transcripts of Analysts'' Call held on 1st November, 2023.
- Intimation About Appointment Of Senior Management Personnel. 3 Nov
Annual reports
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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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Financial Year 2011
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Concalls
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Nov 2023Transcript PPT
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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 2023Transcript PPT
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May 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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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 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
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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 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
Products portfolio
Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages. [1]