Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
Praj Industries Limited

Praj Industries Limited

NSE: PRAJIND
Engineering & ConstructionIndustrialsSMALL CAPMCap ₹5.28k Cr
₹287.15₹-0.55 (-0.19%)

Market Closed • NSE

Market cap₹5.28k Cr
Enterprise value₹4.85k Cr
P/E TTM175.09
Forward P/E27.28
P/B4.03
EPS TTM₹1.64
Forward EPS₹10.52
ROCE6.12%
D/E0.13
Dividend yield0.01%
Face value₹2.00
52W high₹427.65
52W low₹273.00
Price chart(1Y)
1Y Return:-13.54% (₹44.95)
H: ₹367.85L: ₹283.7
1W-0.54%
1M-9.44%
3M-14.48%
6M-29.97%
1Y-15.27%
Today at a glance

Day range

₹284.75₹289.25

52 week range

₹273.00₹427.65
Volume267.3K0.62x 20D avg
Free float50.00%-37.90% volume

Praj Industries Limited closed at INR287.15 (-0.19%) on volume 0.62x its 20-day average, trading 32.85% below its 52-week high.

Technical analysis
RSI (14)31.8Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹8.41Moderate
SMA 20₹303.00BEARISH
SMA 50₹322.18BEARISH
SMA 100₹331.43BEARISH
SMA 200₹333.53BEARISH
CPR bottom₹287.50
Pivot₹287.57
CPR top₹287.63
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +0% QoQ

2026-08-06

DIVIDEND Announced

Dividend - Rs 3.60 Per Share

2025-08-04

DIVIDEND Announced

Dividend - Rs 6 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹173.0 Cr₹5.28k Cr3.28%≤ 33%PASS
Non-halal income ratio–₹3.17k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.91k Cr₹3.06k Cr95.34%≥ 20%PASS
Receivables ratio–₹3.06k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E175.0928.10
Forward P/E27.28—
P/B4.033.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield0.603.60
Growth & profitability
RevenuePAT
FY24PAT margin 8.20%
FY25PAT margin 6.80%
FY26PAT margin 0.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-0.60%
Revenue CAGR 5Y-1.50%
PAT CAGR 3Y-52.30%
PAT CAGR 5Y-39.00%
Operating margin0.67%
Net margin0.93%
Financial health & cash flow
Net debt₹30.7 CrModerate
Interest coverage2.30xEBIT / interest
CFO / PAT1.66x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹200.1 Cr
Capital expenditure–
Free cash flow₹155.7 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.13x

High Cash Flow Conversion: CFO/PAT averaged 1.66x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 175.1x

Bull case

Market Leadership: Established operational scale in Engineering & Construction.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
30.42%Institutional holding
36.77%Public holding
5Periods available
0.00%Promoter pledged
4LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
06 Aug 2026Dividend₹3.60 / share—06 Aug 2026
04 Aug 2025Dividend₹6.00 / share—04 Aug 2025
—Dividend₹6.00 / share—18 Jul 2024
—Dividend₹4.50 / share—19 Jul 2023
—Dividend₹2.70 / share—27 Jul 2022
—Dividend₹2.16 / share—03 Aug 2021
—Annual General MeetingAnnual General Meeting—10 Sept 2020
16 Mar 2020Dividend₹2.70 / share—13 Mar 2020
—Dividend₹1.62 / share—15 Jul 2019
08 Feb 2019Dividend₹0.50 / share—07 Feb 2019
—Dividend₹1.62 / share—27 Jul 2018
—Dividend₹1.62 / share—02 Aug 2017
19 Mar 2016Dividend₹1.62 / share—17 Mar 2016
—Dividend₹1.62 / share—29 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)44.70%-6.69% latest vs average
Highest delivery52.49%on 07 Oct
Average volume (20D)430.5KTrading-session average
Conviction trendWeakening-6.69% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Praj Industries Limited
Praj Industries Limited

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]

IndiaIndustrials

Questions investors ask
Is Praj Industries Limited Shariah compliant?

Praj Industries Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (3.28%) complies with AAOIFI threshold (≤ 33%).

What is Praj Industries Limited's current valuation relative to peers?

Praj Industries Limited trades at a P/E of 175.1x compared to the sector median of 28.1x, and a Price-to-Book of 4.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.13x. Interest coverage is 2.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -1.5% while net profit growth averaged -39%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.