PRAJINDCapital Goods

Praj Industries Limited

Industrial Products · ISIN INE074A01025 · BSE 522205 · NSE EQ · FV ₹2
Last price
₹255
+0.28%today
What this company does

Praj Industries Limited operates in Industrial Products, part of the Capital Goods sector. It booked ₹849 cr of revenue in its latest quarter (Q2 FY27) and kept 2.7% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 81–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns20

How much profit it earns on the money it employs

Balance sheet69

How much it owes, and whether earnings cover the interest

Cash quality91

Whether reported profit actually arrives as cash

Growth & consistency61

Whether sales and profit have grown, and how steadily

Valuation55

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Profit up 20% vs last year
✓ No promoter shares pledged
✓ Virtually debt-free
Watch-outs
! Thin 2.7% net margin
! Low 7.2% return on equity
! Operating cash flow is negative

What if I invest in PRAJIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 1% a year, it would become
₹12.62 lakh

The slider starts at 1%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹255▲ +0.28%
latest close · 2026-11-04
1-year return
-24.7%
52-wk low ₹24052-wk high ₹448
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio50.7High
LowAverageHigh
P/B ratio3.67High
Below bookModerateHigh
EV / EBITDA17.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.2%Weak
WeakFairStrong ▸15%
Return on capital11.6%Fair
WeakFairStrong
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin7.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover11.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.45Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,694 cr
Book value
₹70
EPS
₹1.26
latest quarter
Net debt
₹-153 cr
more cash than debt
Enterprise value
₹4,541 cr
EBITDA
₹258 cr
annualised
EBIT
₹158 cr
annualised
Operating margin
4.7%
Return on assets
3.1%
Earnings yield
1.97%
P/S
1.38
Sales / share
₹184.7
Tax rate
35.9%
Face value
₹2
Shares
18.4 cr
Working capital
₹717 cr
Current assets
₹2,325 cr
Current liabilities
₹1,608 cr
Delivery %
43.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹42–₹64, midpoint ₹53

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹849 cr
Other Income₹12 cr
Total Income₹861 cr
Cost of Materials₹439 cr
Purchases of Stock-in-Trade₹44 cr
Inventory Change (±)₹-88.3 L
Employee Benefit Expense₹89 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹25 cr
Other Expenses₹226 cr
Total Expenses₹825 cr
Profit before Tax₹36 cr
Tax Expense₹13 cr
Net Profit₹23 cr
Net margin on total income2.7%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹482 cr55.9%
Employee benefit expense₹89 cr10.4%
Finance costs₹3 cr0.4%
Depreciation & amortisation₹25 cr2.9%
Other expenses₹226 cr26.2%
Tax expense₹13 cr1.5%
Profit for the period₹23 cr2.7%
Total income ₹861 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue845 cr716 cr849 cr
Total income869 cr736 cr861 cr
Expenses854 cr715 cr825 cr
Profit before tax24 cr21 cr36 cr
Tax12 cr9 cr13 cr
Net profit (owners' share)12 cr12 cr23 cr
Net margin (owners' share, on revenue)1.4%1.6%2.7%
EPS (₹)0.630.631.26
YoY (latest quarter): total income +1.7% · net profit +20.1%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹2,973 cr
Shareholder equity
₹1,278 cr
parent shareholders
Total debt
₹0 cr
Cash
₹153 cr
Cash flow · H1 FY27
Operating
₹-8 cr
Investing
₹112 cr
Financing
₹-100 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹1,204₹58,282 cr60.7
Aditya Infotech Limited₹3,881₹45,739 cr80.4
Syrma SGS Technology Limited₹1,491₹28,718 cr61.3
Honeywell Automation India Limited₹29,070₹25,582 cr48.1
Jyoti CNC Automation Limited₹967₹21,999 cr75.8
Kaynes Technology India Limited₹3,239₹21,713 cr96.2
LMW Limited₹16,927₹18,078 cr63.5
Tega Industries Limited₹1,700₹12,769 cr—
LLOYDS ENGINEERING WORKS LIMITED₹80₹12,353 cr52.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.41%
trailing 12 months
Dividend / share (TTM)
₹3.6
Last dividend
₹3.6
ex 6 Aug 2026
ActionDetailEx-date
Dividend₹3.6 / share6 Aug 2026
Dividend₹6 / share4 Aug 2025
Dividend₹6 / share18 Jul 2024
Dividend₹4.5 / share19 Jul 2023
Dividend₹2.7 / share27 Jul 2022
Dividend₹1.5 / share27 Jul 2022
Who owns it · 2026-09-30
No pledge
Promoter
32.8%
FII / Foreign
16.8%
DII / Domestic
15.7%
Retail / others
34.8%
Smart-money activity
Insider trades
BoughtDr Pramod Chaudhari · Promoters72.00 L9 Dec 25
SoldMoriyaset Trust · Promoter Group72.00 L9 Dec 25
SoldGHANSHYAM DESHPANDE · Employees/Designated Employees3,000 · ₹24.3 L27 Sep 24
Bulk / block deals
short— · NSE123 Sep 26
short— · NSE122 Sep 26
short— · NSE30024 Aug 26
Stake changes
BothDr. Pramod Chaudhari · promoter→ 24.97% · 72.00 L9 Dec 25
BothMoriyaset Trust · promoter→ 0.00% · 72.00 L9 Dec 25
BoughtCanara Robeco Asset Management Company Ltd→ 5.02% · 95,1921 Feb 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 13 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 together with the reports of Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.76 cr votes for, 402 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 together with the report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.76 cr votes for, 402 against · 0% of mutual funds and other big investors said no
3
To declare dividend of ₹3.60/- (180%) per equity share of ₹2/- each for the financial year ended 31st March, 2026.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
4.76 cr votes for, 233 against · 0% of mutual funds and other big investors said no
4
To consider retirement of Mr. Berjis Desai (DIN: 00153675), Non-Executive Non-Independent Director, by rotation under Section 152 of the Companies Act, 2013, and not to fill up the resultant vacancy.
Backed by 100% of shareholders other than promotersneeded 50%
4.76 cr votes for, 312 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 32.8% between them · as of 2026-09-30
Pramod Madhukar Chaudhari24.97%
Parimal Pramod Chaudhari7.83%
Business done with them
FY2025 · 2 of the group
The company paid ₹45 cr to companies in the promoter group last year — about 1.4% of its ₹3,228 cr revenue.
Dr. Pramod Chaudhari
Other payments to them · Short term employee benefits, Post employment benefits, Other long term employee benefit, Sale of vehicle, Share based payment, Dividend, Payable
₹36 cr
company paid
Parimal Chaudhari
Other payments to them · Commission on profit, Dividend, Payable
₹9 cr
company paid

The company also transacted with 6 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.