Praj Industries Ltd

Praj Industries Ltd

₹ 341 1.32%
16 Jun - close price
About

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]

Key Points

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

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,004 737 882 829 1,019 699 816 853 860 640 842 841 845
896 661 798 731 888 607 730 780 784 609 786 800 821
Operating Profit 108 75 84 98 131 92 86 73 75 31 56 41 23
OPM % 11% 10% 10% 12% 13% 13% 11% 9% 9% 5% 7% 5% 3%
16 12 11 9 11 40 14 14 10 9 5 -23 33
Interest 2 1 1 4 4 5 5 4 5 5 5 5 5
Depreciation 9 9 9 11 15 20 21 23 22 25 27 27 27
Profit before tax 113 78 85 92 123 107 74 59 58 10 30 -13 24
Tax % 22% 24% 26% 23% 25% 21% 28% 30% 32% 44% 35% -4% 51%
88 59 62 70 92 84 54 41 40 5 19 -12 12
EPS in Rs 4.80 3.19 3.39 3.83 5.00 4.58 2.93 2.24 2.17 0.29 1.05 -0.67 0.63
Raw PDF

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
Order Intake
INR Mn
High Purity Segmental Revenue
INR Mn
Engineering Segmental Revenue
INR Mn

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
32.82% 32.82% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81% 32.81%
18.30% 17.93% 17.37% 18.87% 18.55% 19.03% 18.63% 17.16% 16.86% 17.53% 17.32% 17.74%
8.40% 10.20% 13.09% 13.69% 16.65% 17.34% 18.19% 19.51% 17.43% 14.83% 13.64% 12.68%
40.48% 39.04% 36.74% 34.64% 31.99% 30.82% 30.38% 30.52% 32.89% 34.82% 36.23% 36.77%
No. of Shareholders 2,77,2242,96,9313,14,4753,24,8493,27,6893,49,9243,53,0993,51,4323,86,4684,03,1104,06,8484,00,397

* 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.

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