Praj Industries Ltd.
•₹ 344.35-3.93%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 23.3%
- Company has delivered good sales growth of 18.8% CAGR over last 5 years
- Latest quarter profit grew 27.5% YoY, showing strong momentum
- Company has been maintaining a healthy dividend payout of 54.9%
CONS
- A large part of profit comes from other income (44.4% of PBT)
- Recurring exceptional / one-off items are inflating headline profit
- Operating margins have contracted to 6.8% from 10.7%
- Growth is decelerating - 3Y profit CAGR (-20.3%) trails the 5Y trend (11.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BHEL | 414.00 | 59.26 | 144157.42 | 0.34 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| 2. | THERMAX | 4036.95 | 81.07 | 48102.80 | 0.50 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| 3. | INDOMIM | 918.35 | 85.11 | 45410.65 | 0.64 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| 4. | KIRLOSENG | 2148.50 | 57.25 | 31264.94 | 0.33 | 111.06 | -20.05 | 1999.53 | 13.36 | 14.46 | 15.02 |
| 5. | JYOTICNC | 948.95 | 67.08 | 21581.31 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 23.88 | 21.40 |
| 6. | TRITURBINE | 580.20 | 54.85 | 18444.47 | 0.73 | 51.10 | -20.65 | 442.70 | 19.23 | 35.95 | 11.59 |
| 7. | AZAD | 2764.05 | 128.44 | 17850.72 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.28 | 37.29 |
| 8. | INOXINDIA | 1922.85 | 68.48 | 17452.46 | 0.10 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| 9. | LLOYDSENGG | 92.20 | 63.94 | 14300.58 | 0.27 | 682.30 | 2172.06 | 5271.50 | 2329.15 | 17.99 | 15.04 |
| 10. | TEGA | 1776.30 | 631.59 | 13344.93 | 0.11 | -108.25 | -406.36 | 1723.44 | 383.99 | 18.56 | 3.27 |
| 11. | ELECON | 451.65 | 42.93 | 10135.02 | 0.44 | 70.35 | -59.90 | 520.56 | 6.11 | 22.27 | 20.96 |
| 12. | PRAJIND | 358.35 | 218.76 | 6586.94 | 1.00 | 11.61 | 117.34 | 715.82 | 11.81 | 5.22 | 4.20 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 650 | 783 | 717 | 839 | 601 | 704 | 739 | 701 | 510 | 686 | 697 | 693 | 539 | |
| 591 | 710 | 623 | 743 | 520 | 630 | 668 | 624 | 482 | 626 | 642 | 658 | 532 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 15 | 41 | 10 | 17 | 18 | 16 | 16 | 17 | 13 | 11 | 14 | 31 | 29 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 8 | 8 | 10 | 10 | 11 | 11 | 12 | 12 | 13 | 14 | 14 | 14 | 12 |
| 65 | 105 | 93 | 102 | 116 | 78 | 75 | 81 | 27 | 56 | 23 | 57 | 37 | |
| Tax % | 24.44% | 20.11% | 22.76% | 25.73% | 20.72% | 25.69% | 25.87% | 26.97% | 25.05% | 25.47% | 26.51% | 25.93% | 30.65% |
| Net Profit | 49 | 84 | 72 | 76 | 92 | 58 | 56 | 59 | 20 | 42 | 17 | 42 | 25 |
| 3 | 5 | 4 | 4 | 5 | 3 | 3 | 3 | 1 | 2 | 1 | 2 | 0 | |
| Equity Capital | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 650
- 591
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 1
- Depreciation
- 8
- 65
- Tax %
- 24.44%
- Net Profit
- 49
- 3
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 783
- 710
- Operating Profit
- —
- OPM %
- —
- Other Income
- 41
- Interest
- 1
- Depreciation
- 8
- 105
- Tax %
- 20.11%
- Net Profit
- 84
- 5
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 717
- 623
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 1
- Depreciation
- 10
- 93
- Tax %
- 22.76%
- Net Profit
- 72
- 4
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 839
- 743
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 1
- Depreciation
- 10
- 102
- Tax %
- 25.73%
- Net Profit
- 76
- 4
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 601
- 520
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 1
- Depreciation
- 11
- 116
- Tax %
- 20.72%
- Net Profit
- 92
- 5
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 704
- 630
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 1
- Depreciation
- 11
- 78
- Tax %
- 25.69%
- Net Profit
- 58
- 3
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 739
- 668
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 1
- Depreciation
- 12
- 75
- Tax %
- 25.87%
- Net Profit
- 56
- 3
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 701
- 624
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 1
- Depreciation
- 12
- 81
- Tax %
- 26.97%
- Net Profit
- 59
- 3
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 510
- 482
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 1
- Depreciation
- 13
- 27
- Tax %
- 25.05%
- Net Profit
- 20
- 1
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 686
- 626
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 1
- Depreciation
- 14
- 56
- Tax %
- 25.47%
- Net Profit
- 42
- 2
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 697
- 642
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 1
- Depreciation
- 14
- 23
- Tax %
- 26.51%
- Net Profit
- 17
- 1
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 693
- 658
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 2
- Depreciation
- 14
- 57
- Tax %
- 25.93%
- Net Profit
- 42
- 2
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 539
- 532
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 1
- Depreciation
- 12
- 37
- Tax %
- 30.65%
- Net Profit
- 25
- 0
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 622 | 745 | 863 | 949 | 1,092 | 1,933 | 3,189 | 2,913 | 2,745 | 2,586 | 2,615 | |
| 554 | 713 | 789 | 879 | 1,004 | 1,817 | 2,921 | 2,595 | 2,446 | 2,411 | 2,458 | |
| Operating Profit | 87 | 62 | 102 | 109 | 118 | 236 | 340 | 405 | 371 | 247 | — |
| OPM % | 14 | 8 | 12 | 11 | 11 | 12 | 11 | 14 | 14 | 10 | — |
| Other Income | 19 | 30 | 28 | 38 | 30 | 120 | 72 | 87 | 72 | 72 | 85 |
| Interest | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 4 | 6 | 5 |
| Depreciation | 19 | 21 | 20 | 19 | 19 | 20 | 27 | 36 | 45 | 54 | 53 |
| 67 | 40 | 81 | 78 | 97 | 214 | 309 | 365 | 350 | 162 | 172 | |
| Tax % | 31 | 21 | 23 | 17 | 26 | 23 | 23 | 23 | 24 | 26 | 27 |
| Net Profit | 47 | 31 | 62 | 65 | 71 | 164 | 238 | 280 | 264 | 120 | 126 |
| EPS | 3 | 2 | 3 | 4 | 4 | 9 | 13 | 15 | 14 | 7 | — |
| Dividend Payout % | 62 | 93 | 62 | 76 | 56 | 47 | 35 | 39 | 42 | 55 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 2 | 3 | 4 | 4 | 9 | 13 | 15 | 14 | 7 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 2 | 3 | 4 | 4 | 9 | 13 | 15 | 14 | 7 | — |
Mar 2017
- 622
- 554
- Operating Profit
- 87
- OPM %
- 14
- Other Income
- 19
- Interest
- 1
- Depreciation
- 19
- 67
- Tax %
- 31
- Net Profit
- 47
- EPS
- 3
- Dividend Payout %
- 62
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2018
- 745
- 713
- Operating Profit
- 62
- OPM %
- 8
- Other Income
- 30
- Interest
- 1
- Depreciation
- 21
- 40
- Tax %
- 21
- Net Profit
- 31
- EPS
- 2
- Dividend Payout %
- 93
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 863
- 789
- Operating Profit
- 102
- OPM %
- 12
- Other Income
- 28
- Interest
- 1
- Depreciation
- 20
- 81
- Tax %
- 23
- Net Profit
- 62
- EPS
- 3
- Dividend Payout %
- 62
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2020
- 949
- 879
- Operating Profit
- 109
- OPM %
- 11
- Other Income
- 38
- Interest
- 2
- Depreciation
- 19
- 78
- Tax %
- 17
- Net Profit
- 65
- EPS
- 4
- Dividend Payout %
- 76
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2021
- 1,092
- 1,004
- Operating Profit
- 118
- OPM %
- 11
- Other Income
- 30
- Interest
- 2
- Depreciation
- 19
- 97
- Tax %
- 26
- Net Profit
- 71
- EPS
- 4
- Dividend Payout %
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2022
- 1,933
- 1,817
- Operating Profit
- 236
- OPM %
- 12
- Other Income
- 120
- Interest
- 2
- Depreciation
- 20
- 214
- Tax %
- 23
- Net Profit
- 164
- EPS
- 9
- Dividend Payout %
- 47
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2023
- 3,189
- 2,921
- Operating Profit
- 340
- OPM %
- 11
- Other Income
- 72
- Interest
- 4
- Depreciation
- 27
- 309
- Tax %
- 23
- Net Profit
- 238
- EPS
- 13
- Dividend Payout %
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2024
- 2,913
- 2,595
- Operating Profit
- 405
- OPM %
- 14
- Other Income
- 87
- Interest
- 4
- Depreciation
- 36
- 365
- Tax %
- 23
- Net Profit
- 280
- EPS
- 15
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2025
- 2,745
- 2,446
- Operating Profit
- 371
- OPM %
- 14
- Other Income
- 72
- Interest
- 4
- Depreciation
- 45
- 350
- Tax %
- 24
- Net Profit
- 264
- EPS
- 14
- Dividend Payout %
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2026
- 2,586
- 2,411
- Operating Profit
- 247
- OPM %
- 10
- Other Income
- 72
- Interest
- 6
- Depreciation
- 54
- 162
- Tax %
- 26
- Net Profit
- 120
- EPS
- 7
- Dividend Payout %
- 55
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
TTM
- 2,615
- 2,458
- Operating Profit
- —
- OPM %
- —
- Other Income
- 85
- Interest
- 5
- Depreciation
- 53
- 172
- Tax %
- 27
- Net Profit
- 126
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 19%
- 3 Years:
- -7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 6%
- 5 Years:
- 11%
- 3 Years:
- -20%
STOCK PRICE CAGR
- 10 Years:
- 14%
- 5 Years:
- 2%
- 3 Years:
- -11%
- 1 Year:
- -17%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 19%
- 3 Years:
- 17%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 36 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| 675 | 683 | 697 | 666 | 738 | 867 | 1,027 | 1,224 | 1,376 | 1,390 | |
| Trade Payables | 160 | 134 | 189 | 149 | 291 | 369 | 445 | 390 | 374 | 493 |
| 224 | 197 | 239 | 198 | 395 | 802 | 925 | 886 | 997 | 873 | |
| Total Liabilities | 1,095 | 1,050 | 1,161 | 1,050 | 1,461 | 2,075 | 2,433 | 2,537 | 2,784 | 2,793 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 174 | 202 | 196 | 197 | 187 | 189 | 221 | 240 | 293 | 303 | |
| Capital Work in Progress | 31 | 4 | 2 | 2 | 0 | 1 | 7 | 2 | 13 | 1 |
| 301 | 366 | 375 | 312 | 475 | 613 | 690 | 637 | 563 | 567 | |
| 64 | 47 | 104 | 73 | 89 | 305 | 298 | 170 | 221 | 226 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 495 | 430 | 436 | |
| Cash & Bank | 61 | 69 | 55 | 23 | 97 | 106 | 88 | 137 | 112 | 123 |
| 463 | 362 | 430 | 443 | 611 | 861 | 1,130 | 855 | 1,151 | 1,137 | |
| Total Assets | 1,095 | 1,050 | 1,161 | 1,050 | 1,461 | 2,075 | 2,433 | 2,537 | 2,784 | 2,793 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 322 | 333 | 294 | 298 | 386 | 501 | 602 | 726 | 755 | 662 |
| Contingent Liabilities | 94 | 115 | 79 | 81 | 79 | 39 | 27 | 6 | 6 | 5 |
| Book Value per Share | 39.63 | 39.75 | 40.16 | 38.35 | 42.30 | 49.19 | 57.89 | 68.61 | 76.87 | 77.63 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 322 | 333 | 294 | 298 | 386 | 501 | 602 | 726 | 755 | 662 |
| Contingent Liabilities | 94 | 115 | 79 | 81 | 79 | 39 | 27 | 6 | 6 | 5 |
| Book Value per Share | 39.63 | 39.75 | 40.16 | 38.35 | 42.30 | 49.19 | 57.89 | 68.61 | 76.87 | 77.63 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 36
- 675
- Trade Payables
- 160
- 224
- Total Liabilities
- 1,095
- 174
- Capital Work in Progress
- 31
- 301
- 64
- 0
- Cash & Bank
- 61
- 463
- Total Assets
- 1,095
- Total Debt
- 0
- Net Working Capital
- 322
- Contingent Liabilities
- 94
- Book Value per Share
- 39.63
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 322
- Contingent Liabilities
- 94
- Book Value per Share
- 39.63
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 36
- 683
- Trade Payables
- 134
- 197
- Total Liabilities
- 1,050
- 202
- Capital Work in Progress
- 4
- 366
- 47
- 0
- Cash & Bank
- 69
- 362
- Total Assets
- 1,050
- Total Debt
- 0
- Net Working Capital
- 333
- Contingent Liabilities
- 115
- Book Value per Share
- 39.75
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 333
- Contingent Liabilities
- 115
- Book Value per Share
- 39.75
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 37
- 697
- Trade Payables
- 189
- 239
- Total Liabilities
- 1,161
- 196
- Capital Work in Progress
- 2
- 375
- 104
- 0
- Cash & Bank
- 55
- 430
- Total Assets
- 1,161
- Total Debt
- 0
- Net Working Capital
- 294
- Contingent Liabilities
- 79
- Book Value per Share
- 40.16
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 294
- Contingent Liabilities
- 79
- Book Value per Share
- 40.16
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 37
- 666
- Trade Payables
- 149
- 198
- Total Liabilities
- 1,050
- 197
- Capital Work in Progress
- 2
- 312
- 73
- 0
- Cash & Bank
- 23
- 443
- Total Assets
- 1,050
- Total Debt
- 0
- Net Working Capital
- 298
- Contingent Liabilities
- 81
- Book Value per Share
- 38.35
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 298
- Contingent Liabilities
- 81
- Book Value per Share
- 38.35
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 37
- 738
- Trade Payables
- 291
- 395
- Total Liabilities
- 1,461
- 187
- Capital Work in Progress
- 0
- 475
- 89
- 0
- Cash & Bank
- 97
- 611
- Total Assets
- 1,461
- Total Debt
- 0
- Net Working Capital
- 386
- Contingent Liabilities
- 79
- Book Value per Share
- 42.30
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 386
- Contingent Liabilities
- 79
- Book Value per Share
- 42.30
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 37
- 867
- Trade Payables
- 369
- 802
- Total Liabilities
- 2,075
- 189
- Capital Work in Progress
- 1
- 613
- 305
- 0
- Cash & Bank
- 106
- 861
- Total Assets
- 2,075
- Total Debt
- 0
- Net Working Capital
- 501
- Contingent Liabilities
- 39
- Book Value per Share
- 49.19
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 501
- Contingent Liabilities
- 39
- Book Value per Share
- 49.19
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 37
- 1,027
- Trade Payables
- 445
- 925
- Total Liabilities
- 2,433
- 221
- Capital Work in Progress
- 7
- 690
- 298
- 0
- Cash & Bank
- 88
- 1,130
- Total Assets
- 2,433
- Total Debt
- 0
- Net Working Capital
- 602
- Contingent Liabilities
- 27
- Book Value per Share
- 57.89
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 602
- Contingent Liabilities
- 27
- Book Value per Share
- 57.89
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 37
- 1,224
- Trade Payables
- 390
- 886
- Total Liabilities
- 2,537
- 240
- Capital Work in Progress
- 2
- 637
- 170
- 495
- Cash & Bank
- 137
- 855
- Total Assets
- 2,537
- Total Debt
- 0
- Net Working Capital
- 726
- Contingent Liabilities
- 6
- Book Value per Share
- 68.61
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 726
- Contingent Liabilities
- 6
- Book Value per Share
- 68.61
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 37
- 1,376
- Trade Payables
- 374
- 997
- Total Liabilities
- 2,784
- 293
- Capital Work in Progress
- 13
- 563
- 221
- 430
- Cash & Bank
- 112
- 1,151
- Total Assets
- 2,784
- Total Debt
- 0
- Net Working Capital
- 755
- Contingent Liabilities
- 6
- Book Value per Share
- 76.87
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 755
- Contingent Liabilities
- 6
- Book Value per Share
- 76.87
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 37
- 1,390
- Trade Payables
- 493
- 873
- Total Liabilities
- 2,793
- 303
- Capital Work in Progress
- 1
- 567
- 226
- 436
- Cash & Bank
- 123
- 1,137
- Total Assets
- 2,793
- Total Debt
- 0
- Net Working Capital
- 662
- Contingent Liabilities
- 5
- Book Value per Share
- 77.63
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 662
- Contingent Liabilities
- 5
- Book Value per Share
- 77.63
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 102 | 4 | 14 | 210 | 153 | 131 | 178 | 73 | 247 | |
| Cash from Investing | -13 | -67 | -4 | 67 | -155 | -106 | -66 | -30 | 15 | -96 |
| Cash from Financing | 8 | -27 | -37 | -96 | -5 | -43 | -91 | -104 | -134 | -137 |
| 13 | 9 | -37 | -16 | 50 | 3 | -26 | 44 | -46 | 13 | |
| Free Cash Flow | -17 | 80 | -6 | -18 | 203 | 131 | 68 | 131 | -19 | 247 |
| OCF / Net Profit | 0.38 | 3.24 | 0.07 | 0.21 | 2.95 | 0.93 | 0.55 | 0.63 | 0.28 | 2.05 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 241 | 390 | 378 | 515 | 513 | 557 |
| OCF / Net Profit | 0.38 | 3.24 | 0.07 | 0.21 | 2.95 | 0.93 | 0.55 | 0.63 | 0.28 | 2.05 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 241 | 390 | 378 | 515 | 513 | 557 |
Mar 2017
- 18
- Cash from Investing
- -13
- Cash from Financing
- 8
- 13
- Free Cash Flow
- -17
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 0
Mar 2018
- 102
- Cash from Investing
- -67
- Cash from Financing
- -27
- 9
- Free Cash Flow
- 80
- OCF / Net Profit
- 3.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.24
- Cumulative 5-Year FCF
- 0
Mar 2019
- 4
- Cash from Investing
- -4
- Cash from Financing
- -37
- -37
- Free Cash Flow
- -6
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 0
Mar 2020
- 14
- Cash from Investing
- 67
- Cash from Financing
- -96
- -16
- Free Cash Flow
- -18
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 0
Mar 2021
- 210
- Cash from Investing
- -155
- Cash from Financing
- -5
- 50
- Free Cash Flow
- 203
- OCF / Net Profit
- 2.95
- Cumulative 5-Year FCF
- 241
- OCF / Net Profit
- 2.95
- Cumulative 5-Year FCF
- 241
Mar 2022
- 153
- Cash from Investing
- -106
- Cash from Financing
- -43
- 3
- Free Cash Flow
- 131
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 390
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 390
Mar 2023
- 131
- Cash from Investing
- -66
- Cash from Financing
- -91
- -26
- Free Cash Flow
- 68
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- 378
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- 378
Mar 2024
- 178
- Cash from Investing
- -30
- Cash from Financing
- -104
- 44
- Free Cash Flow
- 131
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 515
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 515
Mar 2025
- 73
- Cash from Investing
- 15
- Cash from Financing
- -134
- -46
- Free Cash Flow
- -19
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- 513
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- 513
Mar 2026
- 247
- Cash from Investing
- -96
- Cash from Financing
- -137
- 13
- Free Cash Flow
- 247
- OCF / Net Profit
- 2.05
- Cumulative 5-Year FCF
- 557
- OCF / Net Profit
- 2.05
- Cumulative 5-Year FCF
- 557
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 2.61 | 1.74 | 3.42 | 3.53 | 3.89 | 8.95 | 12.93 | 15.26 | 14.39 | 6.55 |
| Book Value (₹) | 39.63 | 39.75 | 40.16 | 38.35 | 42.30 | 49.19 | 57.89 | 68.61 | 76.87 | 77.63 |
| Dividend per Share (₹) | 1.62 | 1.62 | 2.12 | 2.70 | 2.16 | 4.20 | 4.50 | 6.00 | 6.00 | 3.60 |
| Cash EPS (₹) | 3.68 | 2.92 | 4.51 | 4.56 | 4.93 | 10.03 | 14.40 | 17.22 | 16.84 | 9.52 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.39% | 8.27% | 11.78% | 11.44% | 10.81% | 12.20% | 10.67% | 10.93% | 10.87% | 6.75% |
| Net Margin % | 7.19% | 4.20% | 7.24% | 6.82% | 6.52% | 8.51% | 7.45% | 9.63% | 9.63% | 4.66% |
| ROE % | 6.88% | 4.40% | 8.59% | 9.01% | 9.64% | 19.59% | 24.16% | 24.13% | 19.78% | 8.48% |
| ROCE % | 9.93% | 5.66% | 11.18% | 11.11% | 13.37% | 25.67% | 31.77% | 31.69% | 26.43% | 11.83% |
| 4.34% | 2.93% | 5.64% | 5.85% | 5.68% | 9.30% | 10.54% | 11.28% | 9.94% | 4.32% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 143 | 98 | 87 | 95 | 107 | 75 | 63 | 74 | 61 | 61 |
| Inventory Days | 38 | 27 | 32 | 34 | 27 | 37 | 34 | 29 | 26 | 32 |
| Payable Days | 215 | 130 | 133 | 127 | 127 | 100 | 71 | 89 | 96 | 115 |
| -35 | -5 | -14 | 2 | 7 | 12 | 26 | 14 | -8 | -22 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 93.37x | 47.44x | 119.48x | 32.70x | 42.47x | 100.76x | 74.42x | 91.51x | 91.97x | 27.26x |
| 1.89x | 2.07x | 1.71x | 1.91x | 1.58x | 1.44x | 1.45x | 1.59x | 1.57x | 1.50x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -30.58% | 19.74% | 15.82% | 10.03% | 15.06% | 76.99% | 65.01% | -8.66% | -5.78% | -5.78% |
| Operating Profit Growth % | -12.41% | -29.01% | 63.95% | 6.84% | 8.78% | 99.77% | 44.27% | 18.96% | -8.46% | -33.44% |
| Net Profit Growth % | -28.35% | -32.83% | 98.24% | 3.69% | 10.09% | 130.75% | 44.54% | 18.02% | -5.70% | -54.44% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.95% | -5.70% | -54.44% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 34.92x | 38.55x | 48.53x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.76x | 7.21x | 4.10x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.13% | 1.08% | 1.13% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.85x | 27.20x | 23.21x |
Mar 2017
- EPS (₹)
- 2.61
- Book Value (₹)
- 39.63
- Dividend per Share (₹)
- 1.62
- Cash EPS (₹)
- 3.68
- Operating Margin %
- 13.39%
- Net Margin %
- 7.19%
- ROE %
- 6.88%
- ROCE %
- 9.93%
- 4.34%
- Debtor Days
- 143
- Inventory Days
- 38
- Payable Days
- 215
- -35
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 93.37x
- 1.89x
- Revenue Growth %
- -30.58%
- Operating Profit Growth %
- -12.41%
- Net Profit Growth %
- -28.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 1.74
- Book Value (₹)
- 39.75
- Dividend per Share (₹)
- 1.62
- Cash EPS (₹)
- 2.92
- Operating Margin %
- 8.27%
- Net Margin %
- 4.20%
- ROE %
- 4.40%
- ROCE %
- 5.66%
- 2.93%
- Debtor Days
- 98
- Inventory Days
- 27
- Payable Days
- 130
- -5
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 47.44x
- 2.07x
- Revenue Growth %
- 19.74%
- Operating Profit Growth %
- -29.01%
- Net Profit Growth %
- -32.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 3.42
- Book Value (₹)
- 40.16
- Dividend per Share (₹)
- 2.12
- Cash EPS (₹)
- 4.51
- Operating Margin %
- 11.78%
- Net Margin %
- 7.24%
- ROE %
- 8.59%
- ROCE %
- 11.18%
- 5.64%
- Debtor Days
- 87
- Inventory Days
- 32
- Payable Days
- 133
- -14
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 119.48x
- 1.71x
- Revenue Growth %
- 15.82%
- Operating Profit Growth %
- 63.95%
- Net Profit Growth %
- 98.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 3.53
- Book Value (₹)
- 38.35
- Dividend per Share (₹)
- 2.70
- Cash EPS (₹)
- 4.56
- Operating Margin %
- 11.44%
- Net Margin %
- 6.82%
- ROE %
- 9.01%
- ROCE %
- 11.11%
- 5.85%
- Debtor Days
- 95
- Inventory Days
- 34
- Payable Days
- 127
- 2
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 32.70x
- 1.91x
- Revenue Growth %
- 10.03%
- Operating Profit Growth %
- 6.84%
- Net Profit Growth %
- 3.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 3.89
- Book Value (₹)
- 42.30
- Dividend per Share (₹)
- 2.16
- Cash EPS (₹)
- 4.93
- Operating Margin %
- 10.81%
- Net Margin %
- 6.52%
- ROE %
- 9.64%
- ROCE %
- 13.37%
- 5.68%
- Debtor Days
- 107
- Inventory Days
- 27
- Payable Days
- 127
- 7
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 42.47x
- 1.58x
- Revenue Growth %
- 15.06%
- Operating Profit Growth %
- 8.78%
- Net Profit Growth %
- 10.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 8.95
- Book Value (₹)
- 49.19
- Dividend per Share (₹)
- 4.20
- Cash EPS (₹)
- 10.03
- Operating Margin %
- 12.20%
- Net Margin %
- 8.51%
- ROE %
- 19.59%
- ROCE %
- 25.67%
- 9.30%
- Debtor Days
- 75
- Inventory Days
- 37
- Payable Days
- 100
- 12
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 100.76x
- 1.44x
- Revenue Growth %
- 76.99%
- Operating Profit Growth %
- 99.77%
- Net Profit Growth %
- 130.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 12.93
- Book Value (₹)
- 57.89
- Dividend per Share (₹)
- 4.50
- Cash EPS (₹)
- 14.40
- Operating Margin %
- 10.67%
- Net Margin %
- 7.45%
- ROE %
- 24.16%
- ROCE %
- 31.77%
- 10.54%
- Debtor Days
- 63
- Inventory Days
- 34
- Payable Days
- 71
- 26
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 74.42x
- 1.45x
- Revenue Growth %
- 65.01%
- Operating Profit Growth %
- 44.27%
- Net Profit Growth %
- 44.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 15.26
- Book Value (₹)
- 68.61
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 17.22
- Operating Margin %
- 10.93%
- Net Margin %
- 9.63%
- ROE %
- 24.13%
- ROCE %
- 31.69%
- 11.28%
- Debtor Days
- 74
- Inventory Days
- 29
- Payable Days
- 89
- 14
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 91.51x
- 1.59x
- Revenue Growth %
- -8.66%
- Operating Profit Growth %
- 18.96%
- Net Profit Growth %
- 18.02%
- 17.95%
- P/E (x)
- 34.92x
- P/B (x)
- 7.76x
- Dividend Yield %
- 1.13%
- 23.85x
Mar 2025
- EPS (₹)
- 14.39
- Book Value (₹)
- 76.87
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 16.84
- Operating Margin %
- 10.87%
- Net Margin %
- 9.63%
- ROE %
- 19.78%
- ROCE %
- 26.43%
- 9.94%
- Debtor Days
- 61
- Inventory Days
- 26
- Payable Days
- 96
- -8
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 91.97x
- 1.57x
- Revenue Growth %
- -5.78%
- Operating Profit Growth %
- -8.46%
- Net Profit Growth %
- -5.70%
- -5.70%
- P/E (x)
- 38.55x
- P/B (x)
- 7.21x
- Dividend Yield %
- 1.08%
- 27.20x
Mar 2026
- EPS (₹)
- 6.55
- Book Value (₹)
- 77.63
- Dividend per Share (₹)
- 3.60
- Cash EPS (₹)
- 9.52
- Operating Margin %
- 6.75%
- Net Margin %
- 4.66%
- ROE %
- 8.48%
- ROCE %
- 11.83%
- 4.32%
- Debtor Days
- 61
- Inventory Days
- 32
- Payable Days
- 115
- -22
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 27.26x
- 1.50x
- Revenue Growth %
- -5.78%
- Operating Profit Growth %
- -33.44%
- Net Profit Growth %
- -54.44%
- -54.44%
- P/E (x)
- 48.53x
- P/B (x)
- 4.10x
- Dividend Yield %
- 1.13%
- 23.21x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - Praj Industries Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Praj Industries Limited has informed the Exchange about Link of Recording
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jun 2026
May 2026
Mar 2026