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]
Products portfolio[1]Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Honeywell Auto | 33965.00 | 58.21 | 30043.78 | 0.31 | 119.50 | 3.82 | 1149.40 | 12.26 | 18.40 | 4537.80 | 12.66 | 516.10 | 119.50 | 7.17 | 9.98 | 0.02 |
| 2. | Kaynes Tech | 3612.20 | 63.86 | 24182.39 | 0.00 | 121.41 | 101.64 | 906.22 | 58.40 | 14.28 | 3225.35 | 16.21 | 378.68 | 121.41 | 5.17 | 7.24 | 0.19 |
| 3. | Jyoti CNC Auto. | 924.05 | 60.68 | 21003.75 | 0.00 | 85.50 | 12.68 | 507.90 | 17.93 | 24.35 | 1943.26 | 26.50 | 346.13 | 85.50 | 11.48 | 12.99 | 0.40 |
| 4. | Aditya Infotech | 1386.60 | 82.77 | 16291.82 | 0.00 | 69.98 | 196.78 | 919.64 | 37.48 | 19.49 | 3111.87 | 7.96 | 150.44 | 69.98 | 10.25 | 6.24 | 0.08 |
| 5. | LMW | 14761.00 | 131.56 | 15822.20 | 0.20 | 40.92 | 67.29 | 821.88 | 6.88 | 4.48 | 3086.08 | 4.91 | 120.27 | 40.92 | 5.57 | 2.07 | 0.00 |
| 6. | Tega Inds. | 1878.60 | 59.71 | 14118.76 | 0.11 | 44.94 | 522.44 | 405.35 | 14.73 | 17.80 | 1706.82 | 21.45 | 236.44 | 44.94 | 8.47 | 10.07 | 0.21 |
| 7. | Syrma SGS Tech. | 708.15 | 59.47 | 13658.20 | 0.21 | 66.34 | 76.77 | 1145.89 | 37.60 | 11.67 | 3883.93 | 10.01 | 229.67 | 64.06 | 4.85 | 4.37 | 0.12 |
| 8. | Praj Industries | 311.15 | 32.56 | 5740.76 | 1.93 | 41.66 | -28.02 | 685.86 | -2.51 | 23.60 | 2636.67 | 9.03 | 176.33 | 41.66 | 4.18 | 9.14 | 0.05 |
| – | Median: 118 Co. | 271.1 | 31.82 | 613.79 | 0.0 | 6.25 | 12.93 | 75.77 | 15.94 | 16.17 | 228.71 | 14.03 | 15.93 | 6.07 | 3.55 | 7.73 | 0.19 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 798 | 807 | 879 | 650 | 783 | 717 | 839 | 601 | 704 | 739 | 701 | 510 | 686 |
Expenses | 736 | 730 | 783 | 587 | 704 | 623 | 739 | 515 | 630 | 668 | 623 | 482 | 626 |
Operating Profit | 62 | 76 | 96 | 63 | 79 | 94 | 100 | 86 | 74 | 72 | 78 | 28 | 60 |
Other Income | 26 | 7 | 13 | 11 | 35 | 10 | 12 | 42 | 16 | 16 | 15 | 13 | 11 |
Profit before tax | 81 | 77 | 98 | 65 | 105 | 93 | 102 | 116 | 78 | 75 | 81 | 27 | 56 |
Tax % | 21% | 27% | 21% | 24% | 20% | 23% | 26% | 21% | 26% | 26% | 27% | 25% | 25% |
Net Profit | 64 | 56 | 77 | 49 | 84 | 72 | 76 | 92 | 58 | 56 | 59 | 20 | 42 |
EPS in Rs | 3.49 | 3.03 | 4.20 | 2.68 | 4.58 | 3.90 | 4.11 | 5.00 | 3.15 | 3.03 | 3.21 | 1.09 | 2.27 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 783 | 801 | 824 | 729 | 697 | 923 | 942 | 1,089 | 2,053 | 3,153 | 2,990 | 2,745 | 2,637 |
Expenses | 712 | 739 | 741 | 662 | 661 | 850 | 867 | 994 | 1,880 | 2,874 | 2,669 | 2,446 | 2,399 |
Operating Profit | 70 | 63 | 83 | 68 | 36 | 73 | 75 | 95 | 173 | 279 | 321 | 298 | 238 |
Other Income | 22 | 32 | 17 | 19 | 26 | 28 | 24 | 23 | 62 | 61 | 84 | 100 | 56 |
Interest | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 4 | 5 |
Depreciation | 14 | 26 | 22 | 19 | 21 | 20 | 19 | 19 | 20 | 27 | 36 | 45 | 51 |
Profit before tax | 78 | 68 | 77 | 67 | 40 | 81 | 78 | 97 | 214 | 309 | 365 | 350 | 238 |
Net Profit | 62 | 69 | 65 | 47 | 31 | 62 | 65 | 71 | 164 | 238 | 280 | 264 | 176 |
EPS in Rs | 3.52 | 3.86 | 3.68 | 2.61 | 1.74 | 3.42 | 3.53 | 3.89 | 8.95 | 12.93 | 15.26 | 14.39 | 9.60 |
Dividend Payout % | 63% | 42% | 44% | 62% | 93% | 62% | 76% | 56% | 47% | 35% | 39% | 42% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 35 | 35 | 36 | 36 | 36 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
Reserves | 549 | 580 | 622 | 679 | 687 | 700 | 668 | 740 | 870 | 1,029 | 1,224 | 1,377 | 1,333 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 39 | 40 | 43 | 65 |
Other Liabilities | 558 | 416 | 411 | 380 | 327 | 430 | 358 | 691 | 1,147 | 1,332 | 1,235 | 1,327 | 1,447 |
Total Liabilities | 1,143 | 1,031 | 1,069 | 1,095 | 1,050 | 1,167 | 1,063 | 1,468 | 2,071 | 2,437 | 2,537 | 2,784 | 2,881 |
Fixed Assets | 239 | 215 | 188 | 188 | 216 | 209 | 211 | 201 | 202 | 235 | 240 | 293 | 318 |
Gross Block | 306 | 328 | 317 | 335 | 385 | 397 | 428 | 437 | 458 | 516 | 554 | 635 | – |
Accumulated Depreciation | 67 | 113 | 128 | 147 | 168 | 188 | 218 | 236 | 256 | 281 | 314 | 341 | – |
CWIP | 2 | 1 | 1 | 31 | 4 | 2 | 2 | 1 | 2 | 7 | 42 | 14 | 8 |
Investments | 205 | 289 | 312 | 301 | 366 | 375 | 312 | 475 | 613 | 690 | 637 | 563 | 335 |
Other Assets | 697 | 526 | 567 | 575 | 464 | 580 | 538 | 792 | 1,254 | 1,506 | 1,618 | 1,913 | 2,220 |
Total Assets | 1,143 | 1,031 | 1,069 | 1,095 | 1,050 | 1,167 | 1,063 | 1,468 | 2,071 | 2,437 | 2,537 | 2,784 | 2,881 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 27 | 141 | 54 | 18 | 102 | 4 | 14 | 210 | 153 | 131 | 178 | 75 |
Cash from Investing Activity | 17 | -70 | -7 | -13 | -64 | -1 | 71 | -155 | -104 | -59 | -26 | 19 |
Cash from Financing Activity | -46 | -34 | -65 | 8 | -27 | -37 | -96 | -5 | -43 | -91 | -104 | -135 |
Net Cash Flow | -2 | 38 | -18 | 13 | 11 | -34 | -12 | 51 | 6 | -19 | 48 | -42 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 117 | 92 | 129 | 109 | 97 | 90 | 103 | 125 | 74 | 79 | 60 | 57 |
Inventory Days | 162 | 171 | 67 | 60 | 47 | 76 | 55 | 52 | 84 | 53 | 35 | 55 |
Days Payable | 143 | 126 | 155 | 152 | 134 | 137 | 113 | 169 | 101 | 79 | 80 | 94 |
Cash Conversion Cycle | 136 | 137 | 40 | 18 | 10 | 29 | 45 | 8 | 56 | 53 | 16 | 19 |
Working Capital Days | 50 | 17 | 40 | 63 | 39 | 30 | 62 | 4 | 1 | 8 | 27 | 39 |
ROCE % | 12% | 9% | 12% | 10% | 5% | 10% | 12% | 13% | 21% | 30% | 31% | 24% |
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Stock Analysis
Praj Industries Ltd., established in 1983, is a global leader in biotechnology and engineering, offering sustainable solutions in bioenergy, water purification, process equipment, breweries, and beverages, with a focus on environment, energy, and farm-to-fuel technologies.
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