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 13,491 Cr.
  • Current Price 734
  • High / Low 759 / 366
  • Stock P/E 47.6
  • Book Value 69.3
  • Dividend Yield 0.61 %
  • ROCE 30.2 %
  • ROE 24.1 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 36.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 41.6%

Cons

  • Stock is trading at 10.6 times its book value
  • Working capital days have increased from 25.1 days to 61.0 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

Consolidated Figures in Rs. Crores / View Standalone

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
567 386 532 586 831 732 881 911 1,004 737 882 829 1,019
492 356 486 535 753 676 813 825 896 661 798 731 888
Operating Profit 75 31 46 51 78 56 68 86 108 75 84 98 131
OPM % 13% 8% 9% 9% 9% 8% 8% 9% 11% 10% 10% 12% 13%
4 5 7 5 7 5 6 8 16 12 11 9 11
Interest 1 1 1 1 1 1 1 1 2 1 1 4 4
Depreciation 5 5 5 5 7 6 7 7 9 9 9 11 15
Profit before tax 73 30 47 50 78 54 66 86 113 78 85 92 123
Tax % 29% 26% 29% 26% 26% 24% 27% 27% 22% 24% 26% 23% 25%
52 22 33 37 58 41 48 62 88 59 62 70 92
EPS in Rs 2.84 1.21 1.81 2.02 3.14 2.25 2.62 3.39 4.80 3.19 3.39 3.83 5.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
919 986 1,012 1,024 915 917 1,141 1,102 1,305 2,343 3,528 3,466
834 907 919 910 846 865 1,062 1,024 1,192 2,149 3,220 3,078
Operating Profit 85 79 93 114 69 52 79 78 112 194 308 388
OPM % 9% 8% 9% 11% 8% 6% 7% 7% 9% 8% 9% 11%
31 23 34 18 22 27 32 30 26 36 45 44
Interest 2 1 2 2 1 1 1 3 3 3 5 10
Depreciation 22 24 38 25 22 24 23 22 22 23 30 44
Profit before tax 92 77 86 105 68 53 88 83 113 205 319 377
Tax % 23% 27% 9% 22% 34% 26% 22% 15% 28% 27% 25% 25%
72 57 78 82 45 39 68 70 81 150 240 283
EPS in Rs 3.83 3.08 4.30 4.63 2.49 2.18 3.73 3.85 4.42 8.18 13.05 15.42
Dividend Payout % 42% 72% 38% 35% 65% 74% 57% 70% 49% 51% 34% 39%
Compounded Sales Growth
10 Years: 13%
5 Years: 25%
3 Years: 39%
TTM: -2%
Compounded Profit Growth
10 Years: 19%
5 Years: 36%
3 Years: 52%
TTM: 20%
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

Consolidated Figures in Rs. Crores / View Standalone

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 535 547 587 620 674 690 708 683 765 879 1,041 1,238
16 21 17 16 4 6 0 0 18 21 42 169
659 670 504 485 473 401 502 442 774 1,281 1,499 1,452
Total Liabilities 1,246 1,274 1,144 1,157 1,187 1,133 1,247 1,162 1,594 2,218 2,619 2,895
247 323 302 272 270 297 290 294 284 286 317 515
CWIP 48 2 1 1 31 4 2 2 1 2 7 3
Investments 163 91 158 145 134 201 211 164 335 463 543 497
788 859 682 738 752 631 744 702 975 1,467 1,752 1,881
Total Assets 1,246 1,274 1,144 1,157 1,187 1,133 1,247 1,162 1,594 2,218 2,619 2,895

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 -3 150 51 20 101 33 15 225 188 162 199
26 19 -77 2 -8 -69 -3 66 -164 -137 -78 -10
-58 -40 -40 -68 -4 -25 -43 -98 -6 -44 -93 -124
Net Cash Flow -4 -24 33 -15 9 8 -14 -18 55 6 -9 65

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 125 119 101 131 118 105 98 109 127 80 82 88
Inventory Days 116 170 164 79 82 63 76 73 64 86 55 41
Days Payable 193 153 128 162 167 137 140 124 169 106 84 92
Cash Conversion Cycle 49 136 137 48 33 30 33 59 21 60 54 37
Working Capital Days 30 55 32 52 68 53 39 65 14 5 10 61
ROCE % 14% 11% 12% 16% 10% 6% 11% 11% 15% 23% 31%

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