Praj Industries Limited

NSE: PRAJIND · Capital Goods

₹250.11-2.14%06 Nov 2026

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Instant answers about Praj Industries Limited — computed from its filings, no language model

Market cap₹4,597 cr

Current price₹250.11

High / Low₹416 / ₹242

P/E99.1

P/B3.60

Book value₹69.5

ROE3.6%

ROCE6.7%

Debt / equity0.00

Dividend yield2.40%

EPS (TTM)₹2.52

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	923	1,102	1,305	2,333	3,528	3,466	3,228	3,168
EBITDA	61	82	119	206	318	388	325	152
Operating margin	6.6%	7.4%	9.1%	8.8%	9.0%	11.2%	10.1%	4.8%
Interest	1	3	3	3	5	10	19	20
Depreciation	24	22	22	23	30	44	86	106
Profit before tax	53	83	113	205	319	377	299	50
Tax	14	13	32	55	79	94	80	26
Net profit	39	70	81	150	0	283	217	24
EPS ₹	2.19	3.85	4.43	8.18	13.05	15.42	11.91	1.30
Operating cash flow	—	—	—	175	162	199	43	200
Capex	—	—	—	19	35	89	87	44
Dividend paid	—	—	—	40	77	83	110	110
Total assets	—	—	—	—	2,619	2,895	3,160	3,056
Equity	—	—	—	—	1,078	1,274	1,382	1,309

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	SEP '18	DEC '18	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	275	251	330	212	294	300	296	130	260	348	567	386	532	586	829	730	877	910	1,004	737	882	829	1,019	699	816	853	860	640	842	841	845	716	849
Operating profit	31	14	28	8	17	25	32	-13	18	40	75	31	46	51	78	56	68	86	108	75	84	98	131	92	86	73	74	31	56	47	23	30	52
Operating margin	11.3%	5.5%	8.4%	3.8%	5.7%	8.3%	10.9%	-10.2%	6.7%	11.4%	13.2%	7.9%	8.7%	8.7%	9.4%	7.7%	7.7%	9.5%	10.8%	10.2%	9.5%	11.8%	12.8%	13.2%	10.6%	8.5%	8.6%	4.9%	6.6%	5.6%	2.8%	4.2%	6.2%
Other income	10	5	7	8	7	6	5	5	4	5	4	5	7	5	7	5	6	8	16	12	11	9	11	12	14	14	12	9	5	6	24	20	12
Interest	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	4	4	5	5	4	5	5	5	5	5	4	3
Depreciation	6	6	6	6	6	6	5	6	6	6	5	5	5	5	7	6	7	7	9	9	9	11	15	20	21	23	22	25	27	27	27	25	25
Profit before tax	35	13	29	10	17	24	32	-15	16	39	73	30	47	50	78	54	66	86	113	78	85	92	123	107	74	59	58	10	30	-13	24	21	36
Tax	8	4	7	1	1	4	7	-4	4	11	21	8	13	13	20	13	18	24	25	19	22	22	31	23	21	18	18	4	10	-0	12	9	13
Net profit	27	9	22	9	16	21	25	-10	11	28	52	22	33	37	58	41	46	62	0	59	62	70	92	84	0	41	40	5	19	0	12	12	23
EPS ₹	1.49	0.49	1.24	0.48	0.88	1.13	1.36	-0.57	0.62	1.54	2.84	1.21	1.82	2.02	3.14	2.25	2.62	3.39	4.80	3.19	3.40	3.83	5.00	4.58	2.93	2.23	2.17	0.29	1.05	-0.67	0.63	0.63	1.26
Revenue YoY	—	—	—	—	17.2%	-9.1%	—	-38.8%	-11.5%	15.8%	91.4%	198.2%	104.6%	68.4%	46.2%	89.0%	64.6%	55.4%	21.1%	0.9%	0.7%	-8.9%	1.5%	-5.1%	-7.5%	2.9%	-15.6%	-8.4%	3.1%	-1.4%	-1.8%	11.8%	0.9%
Profit YoY	—	—	—	—	82.6%	-7.8%	—	-219.7%	-30.2%	36.2%	109.2%	—	192.6%	31.6%	10.8%	85.8%	36.6%	68.2%	-100.0%	42.0%	37.0%	13.0%	919200.0%	43.7%	-100.0%	-41.6%	-56.3%	-93.7%	192700.0%	-100.0%	-71.1%	117.4%	20.1%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Praj Industries Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	881	729	783	801	824	759
Operating profit	83	68	70	60	88	68
Operating margin	9.5%	9.3%	8.9%	7.5%	10.7%	8.9%
Other income	43	26	23	35	12	16
Interest	—	—	—	0	—	1
Depreciation	14	13	14	26	21	19
Profit before tax	112	81	78	68	79	64
Tax	46	15	16	-0	12	20
Net profit	66	66	62	69	67	44

Quarters

showing latest 8 of 38 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	170	180	155	200	210	126	202	147	94	109	148	165	229	219	268	164	188	190	188	124	148	216	295	163	209	177	252	145	175	216	288	173	160	180	247	143	151	191
Operating profit	17	38	30	32	47	28	41	33	9	9	11	16	19	21	28	15	14	21	19	-3	11	35	27	5	10	12	33	6	14	22	46	12	12	13	30	2	6	13
Operating margin	10.3%	21.0%	19.3%	16.1%	22.3%	21.9%	20.3%	22.6%	9.3%	7.9%	7.6%	9.5%	8.4%	9.4%	10.4%	8.9%	7.4%	10.9%	9.9%	-2.4%	7.2%	16.4%	9.1%	3.1%	4.6%	6.6%	13.3%	4.1%	8.0%	10.4%	15.9%	7.0%	7.6%	7.4%	12.2%	1.2%	3.9%	6.6%
Other income	11	9	2	6	10	12	10	5	6	4	7	4	9	10	19	4	9	9	4	10	4	5	3	4	10	4	17	2	4	2	4	4	5	3	4	3	2	1
Interest	—	0	—	—	0	0	0	—	—	—	—	—	—	—	0	0	—	—	—	—	—	0	0	0	0	0	0	—	—	0	—	0	0	0	0	0	0	0
Depreciation	1	2	2	2	2	2	3	2	3	3	3	3	3	4	5	3	3	3	3	3	3	4	3	7	6	7	7	6	5	5	5	5	5	5	5	5	5	5
Profit before tax	24	45	30	36	54	31	48	36	12	10	15	17	25	27	42	15	20	26	19	4	11	37	27	3	13	9	43	3	12	19	45	11	13	12	29	-1	2	8
Tax	-4	6	5	6	7	5	8	7	2	1	2	4	5	6	32	3	4	3	4	1	2	7	6	1	-9	1	7	0	2	2	7	2	3	3	11	-1	1	2
Net profit	27	39	25	30	47	25	40	29	10	9	14	14	21	22	10	12	16	23	15	3	9	30	20	2	22	8	36	2	11	17	37	8	10	9	18	0	2	7
EPS ₹	1.48	2.16	1.35	1.65	2.58	1.38	2.16	1.58	0.56	0.48	0.74	0.74	1.11	1.16	0.55	0.68	0.90	1.31	0.84	0.17	0.51	1.68	1.15	0.13	1.26	0.44	2.02	0.12	0.60	0.93	2.11	0.47	0.54	0.49	0.98	0.00	0.10	0.38
Revenue YoY	—	—	—	17.6%	16.6%	-18.3%	0.7%	-29.9%	-25.9%	-46.0%	0.6%	75.8%	110.4%	47.9%	—	-0.5%	-18.1%	-13.3%	-29.9%	-24.5%	-21.1%	13.5%	57.2%	31.7%	41.1%	-17.8%	-14.6%	-10.8%	-16.2%	21.6%	14.2%	18.9%	-8.7%	-16.5%	-14.3%	-17.2%	-5.7%	6.3%
Profit YoY	—	—	—	11.4%	20.0%	2.3%	31.2%	-38.4%	-59.1%	-77.6%	-53.1%	31.9%	130.9%	57.4%	—	-11.8%	-22.1%	8.2%	46.2%	-75.2%	-43.1%	28.3%	37.8%	-22.4%	146.6%	-73.6%	75.5%	-6.5%	-52.9%	110.2%	4.2%	281.6%	-8.8%	-47.6%	-53.1%	-99.0%	-82.1%	-22.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	19.6%	22.3%	13.8%	15.4%	16.5%	17.2%	22.2%	24.2%	19.0%	16.7%	12.0%	6.3%	8.1%	5.0%	2.8%	3.2%	3.6%
ROCE	—	—	—	—	—	—	—	—	—	—	27.1%	31.0%	30.0%	32.2%	32.9%	33.7%	30.4%	33.0%	31.8%	29.3%	23.0%	15.9%	13.5%	8.0%	5.4%	6.1%	6.7%
Net margin	6.4%	5.0%	4.7%	5.2%	6.2%	7.3%	7.4%	7.0%	6.4%	6.3%	6.0%	6.2%	4.2%	4.7%	5.2%	5.5%	8.2%	9.0%	7.3%	6.4%	5.1%	2.7%	3.3%	2.0%	1.1%	1.3%	1.4%
EBITDA margin	7.4%	6.0%	6.2%	7.4%	9.1%	10.4%	10.4%	9.8%	8.8%	8.6%	8.4%	8.6%	9.0%	9.6%	10.0%	10.6%	11.2%	11.8%	12.1%	11.3%	10.1%	8.3%	7.3%	6.6%	5.0%	4.8%	4.7%
Debt / equity	—	—	—	—	—	—	—	—	—	—	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	0.00	0.00	0.00	0.00
Interest coverage	27.82	20.05	19.74	24.79	40.55	59.53	75.52	86.11	82.62	87.53	86.62	90.02	69.84	69.58	70.47	45.73	39.55	30.89	23.91	21.37	16.86	11.52	9.07	5.23	3.45	4.24	4.91
Asset turnover	—	—	—	—	—	—	—	—	—	—	1.31	1.46	1.34	1.35	1.37	1.34	1.20	1.18	1.17	1.18	1.02	1.00	0.99	0.98	1.04	1.06	1.09

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	37	37	37	37	37	37	37	37	37
Other equity / reserves	890	1,041	1,076	1,238	1,263	1,345	1,264	1,272	1,241
Total equity	927	1,078	1,113	1,274	1,299	1,382	1,301	1,309	1,278
Borrowings	0	0	0	0	0	0	0	0	0
Current liabilities	1,338	1,501	1,428	1,459	1,405	1,605	1,763	1,619	1,608
Non-current liabilities	34	40	41	162	162	174	169	128	87
Total assets	2,298	2,619	2,582	2,895	2,866	3,160	3,233	3,056	2,973
Property, plant & equipment	216	237	228	407	416	446	469	448	403
Capital work-in-progress	5	7	25	3	7	17	13	6	6
Investments	386	543	447	497	590	428	189	418	324
Inventories	402	334	279	221	205	253	280	266	288
Receivables	639	795	754	836	679	556	496	559	589
Cash & equivalents	79	99	201	168	111	126	201	142	153

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	175	162	199	43	200
Cash from investing	-127	-84	-10	71	-6
Cash from financing	-44	-93	-124	-161	-187
Capex	19	35	89	87	44
Free cash flow	156	127	110	-44	156
Dividends paid	40	77	83	110	110

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹403 cr14%

CWIP

₹6 cr0%

Investments

₹324 cr11%

Inventories

₹288 cr10%

Receivables

₹589 cr20%

Cash & equivalents

₹153 cr5%

Other assets

₹1,211 cr41%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Praj Industries Limited	4,597	250.11	99.1	3.60	3.6%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-16.7%

6 months-38.0%

1 year-26.6%

3Y CAGR-23.3%

5Y CAGR-6.7%

10Y CAGR+11.6%

50-day avg₹299.84

200-day avg₹328.32

RSI (14)33

FAQs

What is the share price of Praj Industries Limited?

Praj Industries Limited (PRAJIND) closed at ₹250.11 on NSE on 06 Nov 2026.

What is the market cap of Praj Industries Limited?

₹4,597 crore at the latest close.

What is the P/E ratio of Praj Industries Limited?

99.1, on trailing-twelve-month earnings from its filings.

How fast is Praj Industries Limited growing?

Praj Industries Limited: revenue has compounded at -3.5% a year over three years; net profit at 960.4% a year. Latest-quarter revenue is up 0.9% year on year, profit up 20.1%.

How profitable is Praj Industries Limited?

On a trailing-twelve-month basis return on equity is 3.6%, return on capital employed 6.7%, operating margin 4.7%, net margin 1.4%.

How much debt does Praj Industries Limited have?

Praj Industries Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹153 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.9 times.

Financials parsed from Praj Industries Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.