PRAJ Industries Limited (IN:PRAJIND)
:PRAJIND
Want to see IN:PRAJIND full AI Analyst Report?
Top Page
PRAJ Industries Limited
(PRAJIND)
Select Model
Select Model
Rating:61Neutral
Price Target:
₹435.00
▲(33.95% Upside)
Action:ReiteratedDate:10/23/25
PRAJ Industries Limited's overall stock score is driven by its solid financial performance, despite challenges in revenue growth and cash flow management. The technical analysis indicates a bearish trend, which impacts the stock's attractiveness. The valuation suggests potential overvaluation, but the dividend yield offers some compensation. The absence of recent earnings call insights or notable corporate events means these factors do not influence the score.
Positive Factors
Balance Sheet Strength
Praj's very low leverage and a strong equity ratio provide durable financial flexibility for multi-quarter project cycles. A 0.14 debt/equity and healthy ROE reduce refinancing risk, support bidding on large EPC projects, and allow investment in R&D or working capital during slow demand periods.
Negative Factors
Slowing Revenue Growth
The move from rapid expansion to negative recent revenue growth signals project timing risk and potential softening in order intake. If multi-quarter project awards do not recover, top-line weakness could compress absolute profits and limit scale benefits despite strong margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Praj's very low leverage and a strong equity ratio provide durable financial flexibility for multi-quarter project cycles. A 0.14 debt/equity and healthy ROE reduce refinancing risk, support bidding on large EPC projects, and allow investment in R&D or working capital during slow demand periods.
Read all positive factors
PRAJ Industries Limited (PRAJIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹75.80B
Dividend Yield1.78%
Average Volume (3M)90.43K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth-6.02%
EPS Growth-80.80%
CountryIN
Employees1,400
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)5.74
Shares Outstanding183,813,100
10 Day Avg. Volume73,810
30 Day Avg. Volume90,434
Financial Highlights & Ratios
PEG Ratio-1.98
Price to Book (P/B)7.12
Price to Sales (P/S)3.05
P/FCF Ratio-223.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹325.00Price Target Upside0.08% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)10.34
Revenue Forecast (FY)₹35.56B
PRAJ Industries Limited Business Overview & Revenue Model
Company Description
Praj Industries Limited operates in the field of bio-based technologies and engineering worldwide. It offers solutions for the ethanol industry, including multi-feed multi-product plants, modernization of existing plants, and renewable fuels compr...
How the Company Makes Money
Praj primarily makes money by executing engineering, procurement, and construction (EPC) and EPCM-style projects and by supplying proprietary process technology and equipment for biofuel and industrial biotechnology plants. A significant revenue s...
PRAJ Industries Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.95B | 32.28B | 34.66B | 35.28B | 23.43B | 13.05B |
| Gross Profit | 7.49B | 6.15B | 14.68B | 13.27B | 3.67B | 2.18B |
| EBITDA | 2.62B | 4.04B | 4.31B | 3.53B | 2.29B | 1.37B |
| Net Income | 1.06B | 2.19B | 2.83B | 2.40B | 1.50B | 810.47M |
Balance Sheet | ||||||
| Total Assets | 32.33B | 31.60B | 28.95B | 26.19B | 22.13B | 15.94B |
| Cash, Cash Equivalents and Short-Term Investments | 3.92B | 5.40B | 6.14B | 6.02B | 5.52B | 4.26B |
| Total Debt | 2.10B | 1.95B | 1.69B | 421.45M | 210.88M | 176.59M |
| Total Liabilities | 19.32B | 17.78B | 16.21B | 15.41B | 12.96B | 7.91B |
| Stockholders Equity | 13.01B | 13.82B | 12.74B | 10.78B | 9.16B | 8.02B |
Cash Flow | ||||||
| Free Cash Flow | -303.00M | -440.75M | 1.10B | 1.27B | 1.56B | 2.16B |
| Operating Cash Flow | -45.43M | 429.64M | 1.99B | 1.62B | 1.75B | 2.25B |
| Investing Cash Flow | 2.23B | 712.40M | -101.18M | -844.42M | -1.27B | -1.64B |
| Financing Cash Flow | -1.47B | -1.61B | -1.24B | -933.98M | -443.52M | -62.88M |
PRAJ Industries Limited Technical Analysis
Positive
324.75
Price Trends
316.93
Positive
316.52
Positive
361.16
Negative
Market Momentum
10.10
Negative
65.06
Neutral
84.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PRAJIND, the sentiment is Positive. The current price of 324.75 is below the 20-day moving average (MA) of 329.12, above the 50-day MA of 316.93, and below the 200-day MA of 361.16, indicating a neutral trend. The MACD of 10.10 indicates Negative momentum. The RSI at 65.06 is Neutral, neither overbought nor oversold. The STOCH value of 84.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PRAJIND.
PRAJ Industries Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹101.61B | 11.74 | ― | 0.97% | 8.94% | 21.12% | |
69 Neutral | ₹117.90B | 353.10 | ― | 0.41% | 3.97% | -17.80% | |
67 Neutral | ₹79.61B | 24.01 | ― | 0.59% | -0.51% | -4.93% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹155.77B | -0.46 | ― | 0.51% | 4.54% | 1.65% | |
61 Neutral | ₹75.80B | -120.37 | ― | 1.78% | -6.02% | -80.80% | |
58 Neutral | ₹86.26B | 33.83 | ― | 0.43% | 29.49% | 35.41% |
* Industrials Sector Average
IN:PRAJIND
PRAJ Industries Limited
412.40
-52.13
-11.22%
IN:ELECON
Elecon Engineering Co. Ltd.
525.40
-51.82
-8.98%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
1,082.70
13.52
1.26%
IN:KIRLPNU
Kirloskar Pneumatic Co. Ltd.
1,564.30
421.93
36.94%
IN:KSB
KSB Ltd.
895.05
170.25
23.49%
IN:LLOYDSENGG
Lloyds Engineering Works Ltd
58.52
4.69
8.71%
PRAJ Industries Limited Corporate Events
Praj Industries Unveils Advanced Precision Fermentation Lab to Boost India’s Bioeconomy
Apr 20, 2026
Praj Industries has launched an Advanced Precision Fermentation Lab at its Praj Matrix facility in Pune to drive next-generation industrial biotechnology and support India’s shift toward high-performance, low-carbon biomanufacturing. The one...
Praj Industries to Join Valorem Investor Conference, Affirms No UPSI Disclosure
Mar 17, 2026
Praj Industries has informed the stock exchanges that it will participate in the 11th Annual Valorem Conference, themed “Resilient Corporates, Relentless India,” to be held on 23 March 2026 at the Grand Hyatt in Mumbai. The company emp...
Praj Industries Files New Investor Presentation with Stock Exchanges
Mar 2, 2026
Praj Industries Limited has notified the exchanges that it has released an investor presentation dated February 2026 and requested stock exchanges to host it on their bulletin boards for wider investor access. The move underscores the company̵...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.