Bajel Projects Ltd
Incorporated in 2022, Bajel Projects Ltd is in the business of Engineering, Procurement and Construction[1]Bajel Projects Limited (BPL) is a carved out legal entity from Bajaj Electricals Ltd. It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects.
- Market Cap ₹ 2,055 Cr.
- Current Price ₹ 178
- High / Low ₹ 330 / 166
- Stock P/E 86.9
- Book Value ₹ 50.5
- Dividend Yield 0.00 %
- ROCE 6.19 %
- ROE 0.91 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 148 days to 62.5 days
Cons
- Stock is trading at 3.52 times its book value
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.34.7 Cr.
- Company has high debtors of 190 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 664 | 1,169 | 2,286 | |
| 694 | 1,153 | 2,240 | |
| Operating Profit | -30 | 16 | 46 |
| OPM % | -5% | 1% | 2% |
| 54 | 18 | 35 | |
| Interest | 18 | 24 | 47 |
| Depreciation | 6 | 6 | 10 |
| Profit before tax | -0 | 4 | 24 |
| Tax % | 468% | -17% | |
| -2 | 4 | 18 | |
| EPS in Rs | 0.37 | 1.54 | |
| Dividend Payout % | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 160% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 764% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 23 | 23 | 23 |
| Reserves | 534 | 543 | 560 |
| 1 | 15 | 185 | |
| 377 | 762 | 854 | |
| Total Liabilities | 935 | 1,343 | 1,622 |
| 48 | 69 | 73 | |
| CWIP | 1 | -0 | 1 |
| Investments | -0 | 3 | -0 |
| 887 | 1,271 | 1,549 | |
| Total Assets | 935 | 1,343 | 1,622 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 11 | 195 | |
| -3 | -135 | |
| -8 | -15 | |
| Net Cash Flow | -0 | 46 |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 203 | 190 |
| Inventory Days | 74 | 42 |
| Days Payable | 196 | 201 |
| Cash Conversion Cycle | 81 | 31 |
| Working Capital Days | 233 | 62 |
| ROCE % | 6% |
Documents
Announcements
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Allotment Of 21,857 ESOPS Equity Shares Of Rs.2 Each On Exercise Of Options By Eligible Employees
1d - Allotment of 21,857 equity shares to employees.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015, As Amended ('SEBI Listing Regulations') By Bajel Projects Limited
18 Feb - GST Authority imposed tax and penalty of Rs. 261.82 lakh.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended ('SEBI Listing Regulations') By Bajel Projects Limited.
15 Feb - Update on litigation involving Rs. 4.24 crore claim.
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Announcement under Regulation 30 (LODR)-Investor Presentation
11 Feb - Presentation on the Unaudited Financial Results of Bajel Projects Limited for the third quarter and nine ended December 31, 2024.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Feb
Annual reports
Concalls
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Feb 2025TranscriptNotesPPT
Business Overview:[1][2]
BPL is a part of the Bajaj group. It deals in Engineering, Procurement and Construction business. Company is a go-to partner for high voltage and extra high-voltage transmission line projects, substations, UG cabling, poles, monopoles, high mast and electrification projects along with feeder separation and
lift irrigation projects on a full turnkey basis. BPL provides end-to-end solutions ranging from in-house design, testing, procurement, manufacturing, installation & commissioning of the projects.