PRAJ INDUSTRIES LIMITED Financials Praj Industries Limited Bombay S.E.
Equities
PRAJIND
INE074A01025
Construction & Engineering
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 522.9 INR | +0.98% |
|
+2.63% | -5.95% |
| Apr. 01 | Praj Industries Limited Announces Cessation of Independent Directors on Completion of Tenure | CI |
| Mar. 11 | Praj Industries Names Group Chief Human Resources Officer | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,329 | 10,081 | 35,702 | 73,185 | 62,646 | 96,045 | - | - |
| Enterprise Value (EV) 1 | 28,329 | 10,081 | 35,702 | 73,185 | 62,646 | 89,717 | 90,338 | 90,282 |
| P/E ratio | 41.5 x | 14.3 x | 44.1 x | 48.7 x | 26.1 x | 34.5 x | 28.6 x | 23.7 x |
| Yield | 1.37% | 4.9% | 1.11% | 0.68% | 1.32% | 1.09% | 1.28% | 1.39% |
| Capitalization / Revenue | 2.48 x | 0.91 x | 2.74 x | 3.14 x | 1.78 x | 2.72 x | 2.35 x | 2.02 x |
| EV / Revenue | 2.48 x | 0.91 x | 2.74 x | 3.14 x | 1.78 x | 2.54 x | 2.21 x | 1.9 x |
| EV / EBITDA | 32.1 x | 9.33 x | 30 x | 35.6 x | 19.7 x | 24.1 x | 20 x | 16.6 x |
| EV / FCF | 150 x | 129 x | 58.7 x | 46.8 x | 49.4 x | 88.9 x | 85.6 x | 48.2 x |
| FCF Yield | 0.66% | 0.78% | 1.7% | 2.13% | 2.03% | 1.13% | 1.17% | 2.08% |
| Price to Book | 3.8 x | 1.4 x | 4.45 x | 7.99 x | 5.81 x | 7.74 x | 6.66 x | 5.67 x |
| Nbr of stocks (in thousands) | 182,648 | 183,128 | 183,229 | 183,673 | 183,713 | 183,713 | - | - |
| Reference price 2 | 155.1 | 55.05 | 194.8 | 398.4 | 341.0 | 522.8 | 522.8 | 522.8 |
| Announcement Date | 5/16/19 | 5/26/20 | 5/6/21 | 5/25/22 | 5/25/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,411 | 11,024 | 13,047 | 23,333 | 35,280 | 35,322 | 40,953 | 47,546 |
| EBITDA 1 | 883.4 | 1,081 | 1,191 | 2,059 | 3,180 | 3,722 | 4,521 | 5,429 |
| EBIT 1 | 653.9 | - | 1,160 | 2,070 | 2,878 | 3,442 | 4,159 | 5,007 |
| Operating Margin | 5.73% | - | 8.89% | 8.87% | 8.16% | 9.74% | 10.15% | 10.53% |
| Earnings before Tax (EBT) 1 | 879.4 | 831.3 | 1,131 | 2,049 | 3,187 | 3,719 | 4,493 | 5,411 |
| Net income 1 | 682.2 | 704.3 | 810.7 | 1,502 | 2,398 | 2,775 | 3,359 | 4,048 |
| Net margin | 5.98% | 6.39% | 6.21% | 6.44% | 6.8% | 7.86% | 8.2% | 8.51% |
| EPS 2 | 3.740 | 3.850 | 4.420 | 8.180 | 13.05 | 15.16 | 18.30 | 22.02 |
| Free Cash Flow 1 | 188.3 | 78.4 | 607.7 | 1,562 | 1,269 | 1,010 | 1,056 | 1,875 |
| FCF margin | 1.65% | 0.71% | 4.66% | 6.7% | 3.6% | 2.86% | 2.58% | 3.94% |
| FCF Conversion (EBITDA) | 21.32% | 7.25% | 51.03% | 75.89% | 39.92% | 27.12% | 23.35% | 34.53% |
| FCF Conversion (Net income) | 27.6% | 11.13% | 74.96% | 103.98% | 52.93% | 36.38% | 31.42% | 46.32% |
| Dividend per Share 2 | 2.120 | 2.700 | 2.160 | 2.700 | 4.500 | 5.700 | 6.680 | 7.280 |
| Announcement Date | 5/16/19 | 5/26/20 | 5/6/21 | 5/25/22 | 5/25/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,299 | 8,766 | 9,100 | 10,040 | 7,367 | 9,726 | 10,259 | 10,066 |
| EBITDA 1 | - | 676.3 | 861.6 | 1,083 | 754.9 | 960 | 1,010 | 1,162 |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 657.8 | 859 | 1,128 | 777 | 967 | 969.5 | 1,250 |
| Net income 1 | - | 481.3 | 623 | 881.1 | 586.5 | 726.8 | 756.8 | 916.7 |
| Net margin | - | 5.49% | 6.85% | 8.78% | 7.96% | 7.47% | 7.38% | 9.11% |
| EPS 2 | - | 2.620 | 3.390 | 4.790 | 3.190 | 4.050 | 4.150 | 5.200 |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 8/4/22 | 10/18/22 | 2/3/23 | 5/25/23 | 7/26/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 6,328 | 5,707 | 5,763 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 188 | 78.4 | 608 | 1,562 | 1,269 | 1,010 | 1,056 | 1,875 |
| ROE (net income / shareholders' equity) | 9.27% | 9.62% | 10.7% | 16% | 24.1% | 23.7% | 24.7% | 25.3% |
| ROA (Net income/ Total Assets) | - | - | - | - | 9.92% | 9.9% | 10.7% | 10.6% |
| Assets 1 | - | - | - | - | 24,182 | 28,026 | 31,394 | 38,187 |
| Book Value Per Share 2 | 40.80 | 39.30 | 43.80 | 49.90 | 58.70 | 67.60 | 78.50 | 92.30 |
| Cash Flow per Share 2 | - | - | - | - | 8.820 | 13.80 | 19.10 | 19.70 |
| Capex 1 | 142 | 68.3 | 86.7 | 185 | 352 | 1,222 | 879 | 679 |
| Capex / Sales | 1.24% | 0.62% | 0.66% | 0.79% | 1% | 3.46% | 2.15% | 1.43% |
| Announcement Date | 5/16/19 | 5/26/20 | 5/6/21 | 5/25/22 | 5/25/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
522.8
INR
Average target price
608.8
INR
Spread / Average Target
+16.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.29% | 67.67B | |
| +2.13% | 59.37B | |
| +21.25% | 38.3B | |
| +11.23% | 30.73B | |
| +2.06% | 26.35B | |
| +22.89% | 22.01B | |
| +15.06% | 19.47B | |
| +22.99% | 17.6B | |
| +64.33% | 16.64B |
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- Financials Praj Industries Limited
