Prajay Engineers Syndicate Ltd

Prajay Engineers Syndicate Ltd

₹ 32.2 4.27%
22 Nov - close price
About

Incorporated in 1994, Prajay Engineering Syndicate Ltd is in the business of real estate construction, development and maintaining hospitality projects[1]

Key Points

Business Overview:[1]
Company is in the business of architecture, engineering, design, and construction of residential and commercial properties in Hyderabad. It has also forayed into
Hospitality and Retail sector.

  • Market Cap 225 Cr.
  • Current Price 32.2
  • High / Low 46.6 / 16.5
  • Stock P/E
  • Book Value 75.5
  • Dividend Yield 0.00 %
  • ROCE -4.44 %
  • ROE -5.80 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.43 times its book value
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -11.8% over past five years.
  • Promoter holding is low: 36.8%
  • Company has a low return on equity of -2.41% over last 3 years.
  • Company has high debtors of 1,435 days.
  • Working capital days have increased from 2,343 days to 3,653 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: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
16.47 12.25 53.56 5.52 6.94 5.79 11.58 7.43 2.74 8.94 5.85 2.49 16.06
12.56 11.96 53.23 5.66 7.79 8.91 25.67 8.34 6.56 12.00 26.23 4.29 19.16
Operating Profit 3.91 0.29 0.33 -0.14 -0.85 -3.12 -14.09 -0.91 -3.82 -3.06 -20.38 -1.80 -3.10
OPM % 23.74% 2.37% 0.62% -2.54% -12.25% -53.89% -121.68% -12.25% -139.42% -34.23% -348.38% -72.29% -19.30%
0.56 0.47 0.77 0.68 0.56 0.73 16.92 0.91 0.74 0.47 1.25 0.80 0.84
Interest 1.69 0.89 0.88 0.97 0.98 1.02 0.98 0.55 1.62 0.04 0.12 0.08 0.12
Depreciation 1.04 1.03 1.01 1.01 1.02 1.02 0.99 0.95 0.95 0.96 0.95 0.95 1.02
Profit before tax 1.74 -1.16 -0.79 -1.44 -2.29 -4.43 0.86 -1.50 -5.65 -3.59 -20.20 -2.03 -3.40
Tax % 27.01% -6.03% 10.13% 3.47% 3.93% 1.81% 6.98% 34.00% -2.48% 1.67% 0.74% 5.91% 11.18%
1.27 -1.09 -0.87 -1.48 -2.37 -4.51 0.79 -2.02 -5.51 -3.65 -20.34 -2.16 -3.78
EPS in Rs 0.18 -0.16 -0.12 -0.21 -0.34 -0.64 0.11 -0.29 -0.79 -0.52 -2.91 -0.31 -0.54
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
137 82 56 73 52 37 47 49 39 93 30 25 33
127 90 68 82 55 38 46 47 32 87 48 53 62
Operating Profit 9 -8 -12 -9 -2 -2 1 2 7 6 -18 -28 -28
OPM % 7% -10% -22% -13% -4% -4% 2% 4% 17% 7% -61% -113% -85%
1 5 1 8 4 6 5 3 1 2 19 3 3
Interest 2 1 6 14 16 19 15 5 6 5 4 2 0
Depreciation 3 3 6 6 6 5 4 4 4 4 4 4 4
Profit before tax 5 -8 -24 -22 -19 -19 -14 -4 -2 -1 -7 -31 -29
Tax % 64% -75% -0% 11% 11% 4% -7% 24% 34% 100% 4% 2%
2 -2 -24 -25 -21 -19 -13 -5 -3 -1 -8 -32 -30
EPS in Rs 0.28 -0.29 -3.37 -3.53 -3.04 -2.79 -1.85 -0.66 -0.41 -0.17 -1.08 -4.51 -4.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -11%
5 Years: -12%
3 Years: -14%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -166%
Stock Price CAGR
10 Years: 14%
5 Years: 37%
3 Years: 24%
1 Year: 85%
Return on Equity
10 Years: -3%
5 Years: -2%
3 Years: -2%
Last Year: -6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 70 70 70 70 70 70 70 70 70 70 70 70
Reserves 596 594 566 559 538 518 505 501 499 497 489 458
175 173 182 159 164 160 110 99 96 98 85 116
293 313 335 354 374 422 469 434 430 365 175 133
Total Liabilities 1,134 1,149 1,153 1,143 1,145 1,170 1,154 1,105 1,095 1,030 820 777
40 43 145 138 134 129 125 122 124 122 118 115
CWIP 236 271 180 197 215 236 254 259 258 261 97 99
Investments 140 133 133 133 133 133 133 133 133 133 133 133
718 702 695 674 663 672 643 591 579 514 472 430
Total Assets 1,134 1,149 1,153 1,143 1,145 1,170 1,154 1,105 1,095 1,030 820 777

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
62 28 -10 51 56 32 34 14 7 -3 3 -29
-6 -17 -19 -17 -19 -21 -18 -6 -5 -5 -0 -3
-52 -16 27 -34 -34 -11 -16 -9 -2 8 0 29
Net Cash Flow 4 -6 -1 0 3 0 0 -1 -0 -0 3 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 748 1,117 1,543 1,080 1,397 1,980 1,441 1,278 1,656 658 1,596 1,435
Inventory Days
Days Payable
Cash Conversion Cycle 748 1,117 1,543 1,080 1,397 1,980 1,441 1,278 1,656 658 1,596 1,435
Working Capital Days 806 1,236 1,489 947 945 1,153 632 606 687 332 3,043 3,653
ROCE % 1% -1% -2% -1% -0% -0% 0% 0% 1% 1% -1% -4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.87% 32.87% 32.87% 32.87% 32.87% 33.58% 33.35% 33.58% 33.58% 35.64% 36.80% 36.80%
0.00% 0.00% 0.00% 0.00% 0.08% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.01%
67.13% 67.13% 67.13% 67.13% 67.05% 66.41% 66.65% 66.41% 66.40% 64.34% 63.19% 63.18%
No. of Shareholders 19,45619,36719,12819,11719,43119,29618,99719,47119,20618,21818,69119,196

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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