āagman

Not investment advice. Data and computed figures, for information only.

Praj Industries Ltd

NSE: PRAJIND
₹287.15
−₹0.55 (−0.19%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹5,253 Cr
CMP
₹287.15
52-wk High / Low
₹428 / 273
P/E
104.0
P/B
4.0
Book Value
₹71.2
Div Yield
1.26%
ROCE
6.0%
ROE
1.5%
Face Value
₹2
D/E
0.13

Price−16.2% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹46
√(22.5 × EPS × book value per share)
ROIC
1.6%
vs 12.3% sector median
Cash flow to profit
8.33
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−65
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
0.0%
ROE × earnings retention ratio
ROE stability
7.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.01DII +1.41
Latest quarter vs the previous one
Cash-accrual divergence
−5.7%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 6% trails the sector median of 19%
−Borrowings are up 981.3% since FY2016 (16 to 173)
−Price trades below its 200-day moving average (0.9x)
−Price is 32.9% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7378828291,019699816853860640842841845716
Expenses661798731888607730780784609786800821686
Operating Profit758498131928673753156412330
OPM %10.2%9.5%11.8%12.9%13.2%10.5%8.6%8.7%4.8%6.7%4.9%2.7%4.2%
Other Income12119114014141095−233320
Interest1144554555554
Depreciation991115202123222527272725
Profit before tax7885921231077459581030−132421
Net Profit5962709284544140519−121212
EPS (₹)3.193.393.835.004.582.932.242.170.291.05−0.670.630.63

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0121,0249159171,1411,1021,3052,3433,5283,4663,2283,1683,244
Expenses9199108468651,0621,0241,1922,1493,2203,0942,9143,0133,093
Operating Profit9311469527978112194308372314155150
OPM %9.2%11.1%7.5%5.7%6.9%7.1%8.6%8.3%8.7%10.7%9.7%4.9%4.6%
Other Income34182227323026364559892135
Interest22111333510182019
Depreciation3825222423222223304486106106
Profit before tax86105685388831132053193772995061
Net Profit788245396870811502402832192430
EPS (₹)4.304.632.492.183.733.854.428.1813.0515.4211.911.301.64

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital353636363737373737373737—
Reserves5876206746907086837658791,0411,2381,3451,272—
Borrowings1716460002142169195173—
Other Liabilities5044854734015024427921,2811,4991,4501,5811,574—
Total Liabilities1,1441,1571,1871,1331,2471,1621,5942,2182,6192,8943,1573,056—
Fixed Assets302272270297290294284286317474567560—
CWIP113142212743186—
Investments158145134201211164335463543497428418—
Other Assets6827387526317447029751,4671,7521,8802,1442,072—
Total Assets1,1441,1571,1871,1331,2471,1621,5942,2182,6192,8943,1573,056—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1505120101331522518816219943200
Cash from Investing Activity−772−8−69−366−164−137−78−6754
Cash from Financing Activity−40−68−4−25−43−98−6−44−93−124−161−187
Net Cash Flow33−1598−14−18556−970−4216

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.016.010.06.011.011.015.023.031.029.018.06.0
ROE %———————————1.5
EPS (₹)4.304.632.492.183.733.854.428.1813.0515.4211.911.30
Book Value (₹)———————————71.2
Face Value (₹)———————————2
P/E———————————104.0
Div Yield %———————————1.26
NPM %7.57.94.84.15.86.26.16.36.78.06.60.8
OPM %9.011.08.06.07.07.09.08.09.011.010.04.9
D/E0.030.020.010.010.000.000.000.020.040.130.140.13
P/B———————————4.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+12.0%
5 years+19.0%
3 years−4.0%
TTM+2.0%
Compounded profit growth
10 years−13.0%
5 years−24.0%
3 years−56.0%
TTM−64.0%
Stock price CAGR
10 years+13.0%
5 years−3.0%
3 years−22.0%
Last year−18.0%
Return on equity
10 years12.0%
5 years15.0%
3 years12.0%
Last year1.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters33.60%33.60%33.33%33.01%32.92%32.91%32.83%32.82%32.81%32.81%32.81%32.81%
FIIs9.82%9.82%13.24%14.49%12.76%11.62%13.84%17.83%18.87%17.16%17.74%17.75%
DIIs20.38%20.38%18.62%18.28%16.52%15.21%8.83%7.83%13.69%19.51%12.68%14.09%
Government0.00%0.00%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public36.19%36.19%34.75%34.22%37.80%40.26%44.50%41.50%34.64%30.52%36.77%35.34%
No. of shareholders1,00,5161,00,5161,03,06989,7931,01,22899,6902,79,0572,83,4593,24,8493,51,4324,00,3973,83,086
Change since Jun 2023 (pp)
Promoters −0.79FIIs +7.93DIIs −6.29Public −0.85

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTMay 2026PPTMay 2026RecordingMar 2026TranscriptMar 2026PPTMar 2026RecordingFeb 2026PPT

Corporate actions

As of 6 Aug 2026
6 Aug 2026DIVIDENDDividend - Rs 3.60 Per Share—
4 Aug 2025DIVIDENDDividend - Rs 6 Per Share—
18 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 6 Per Sh—
19 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 4.50 Per Share—
27 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2.70 Per Share/ Special Dividend- Rs 1.50 Per Share—
3 Aug 2021DIVIDEND Dividend - Rs 2.16 Per Share—
13 Mar 2020DIVIDEND Interim Dividend - Rs 2.70 Per Share—
15 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 1.62 Per Share—
7 Feb 2019DIVIDEND Interim Dividend - Re 0.50 Per Share—
27 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.62 Per Share—
2 Aug 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.62 Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 1.62/- Per Share (Purpose Revised)—
29 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Rs 1.62/- Per Share—
22 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 1.62/- Per Share—
13 Feb 2014DIVIDENDInterim Dividend Re.0.60/- Per Share (Purpose Revised)—
16 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 1.62 Per Equity Share—
12 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs 1.62 Per Share—
14 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.26 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman