Praj Industries Ltd

Praj Industries Ltd

₹ 734 -1.44%
03 Jul - close price
About

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]

Key Points

Products portfolio[1]
Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages.

  • Market Cap 13,499 Cr.
  • Current Price 734
  • High / Low 759 / 366
  • Stock P/E 48.1
  • Book Value 68.6
  • Dividend Yield 0.82 %
  • ROCE 30.6 %
  • ROE 24.1 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 38.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 40.4%

Cons

  • Stock is trading at 10.7 times its book value
  • Working capital days have increased from 28.9 days to 75.8 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
499 334 463 518 741 669 798 807 879 650 783 717 839
429 304 426 470 671 614 736 730 783 587 704 623 739
Operating Profit 70 30 37 47 70 55 62 76 96 63 79 94 100
OPM % 14% 9% 8% 9% 9% 8% 8% 9% 11% 10% 10% 13% 12%
5 4 6 34 7 4 26 7 13 11 35 10 12
Interest 1 1 0 0 1 1 1 1 2 1 1 1 1
Depreciation 5 5 5 5 6 6 6 6 9 8 8 10 10
Profit before tax 70 29 38 77 70 53 81 77 98 65 105 93 102
Tax % 26% 26% 30% 17% 26% 24% 21% 27% 21% 24% 20% 23% 26%
51 22 27 64 52 41 64 56 77 49 84 72 76
EPS in Rs 2.81 1.17 1.45 3.49 2.83 2.21 3.49 3.03 4.20 2.68 4.58 3.90 4.11
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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
726 783 801 824 729 697 923 942 1,089 2,062 3,153 2,990
661 712 739 741 662 661 850 867 994 1,889 2,874 2,653
Operating Profit 65 70 63 83 68 36 73 75 95 173 279 336
OPM % 9% 9% 8% 10% 9% 5% 8% 8% 9% 8% 9% 11%
29 22 32 17 19 26 28 24 23 62 61 68
Interest 0 0 0 1 1 1 1 2 2 2 4 4
Depreciation 13 14 26 22 19 21 20 19 19 20 27 36
Profit before tax 81 78 68 77 67 40 81 78 97 214 309 365
Tax % 18% 20% -1% 16% 31% 21% 23% 17% 26% 23% 23% 23%
66 62 69 65 47 31 62 65 71 164 238 280
EPS in Rs 3.73 3.52 3.86 3.68 2.61 1.74 3.42 3.53 3.89 8.95 12.93 15.26
Dividend Payout % 43% 63% 42% 44% 62% 93% 62% 76% 56% 47% 35% 39%
Compounded Sales Growth
10 Years: 14%
5 Years: 26%
3 Years: 40%
TTM: -5%
Compounded Profit Growth
10 Years: 17%
5 Years: 39%
3 Years: 58%
TTM: 21%
Stock Price CAGR
10 Years: 26%
5 Years: 40%
3 Years: 26%
1 Year: 98%
Return on Equity
10 Years: 14%
5 Years: 18%
3 Years: 22%
Last Year: 24%

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 35 35 35 36 36 36 37 37 37 37 37 37
Reserves 533 549 580 622 679 687 700 668 740 870 1,029 1,224
0 0 0 0 0 0 0 0 15 17 39 40
471 558 416 411 380 327 430 358 676 1,151 1,332 1,235
Total Liabilities 1,039 1,143 1,031 1,069 1,095 1,050 1,167 1,063 1,468 2,075 2,437 2,537
173 239 215 188 188 216 209 211 201 202 235 280
CWIP 48 2 1 1 31 4 2 2 1 2 7 2
Investments 249 205 289 312 301 366 375 312 475 613 690 637
570 697 526 567 575 464 580 538 792 1,258 1,506 1,618
Total Assets 1,039 1,143 1,031 1,069 1,095 1,050 1,167 1,063 1,468 2,075 2,437 2,537

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
20 27 141 54 18 102 4 14 210 153 131 178
22 17 -70 -7 -13 -64 -1 71 -155 -104 -59 -30
-49 -46 -34 -65 8 -27 -37 -96 -5 -43 -91 -104
Net Cash Flow -7 -2 38 -18 13 11 -34 -12 51 6 -19 44

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 110 117 92 129 109 97 90 103 125 74 79 83
Inventory Days 97 162 171 67 60 47 76 55 52 83 53 35
Days Payable 108 143 126 155 152 134 137 113 169 101 79 80
Cash Conversion Cycle 99 136 137 40 18 10 29 45 8 56 53 38
Working Capital Days 36 50 17 40 63 39 30 62 5 2 9 76
ROCE % 13% 12% 9% 12% 10% 5% 10% 12% 13% 25% 30%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.85% 32.83% 32.83% 32.83% 32.83% 32.82% 32.87% 32.82% 32.82% 32.82% 32.81% 32.81%
13.12% 15.00% 14.98% 13.84% 15.93% 16.98% 17.61% 17.83% 18.30% 17.93% 17.37% 18.87%
7.13% 6.85% 8.41% 8.83% 10.01% 10.33% 7.69% 7.83% 8.40% 10.20% 13.09% 13.69%
46.90% 45.32% 43.78% 44.50% 41.23% 39.85% 41.84% 41.50% 40.48% 39.04% 36.74% 34.64%
No. of Shareholders 2,00,6122,03,2492,07,5862,79,0572,76,0962,61,2942,79,3312,83,4592,77,2242,96,9313,14,4753,24,849

* 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.

Documents

Concalls