Praj Industries Limited

Praj Industries Limited

PRAJIND.BO
Praj Industries LimitedIN flagBombay Stock Exchange
344.40
INR
-4.25
- -
63.31BMarket Cap
Praj Industries Limited
PRAJIND.BO
(Bombay Stock Exchange)

Recent

price

344.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
35.99
54.49
51.76
55.55
56.34
57.6
50.73
50.07
61.67
59.03
70.2
124.98
188.51
185.99
175.62
- -
172.34
Revenue per Share
3.09
3.69
3.83
3.08
4.3
4.64
2.5
2.19
3.75
3.85
4.42
8.18
13.05
15.42
11.91
- -
7.62
Basic EPS, GAAP
4.78
-0.67
-1.38
-2.39
7.55
2.17
-0.93
4.74
1.04
0.41
11.82
9.21
6.9
5.99
-2.4
- -
- -
Free Cash Flow per Basic Share
- -
1.47
1.88
2.6
1.9
3.87
0.03
1.94
2.55
5.19
0.02
2.16
4.2
4.5
6
- -
- -
Dividend per Share
20.72
22.25
24.49
24.76
26.63
27.51
30.01
29.67
29.48
26.78
30.72
36.97
46.59
58.13
63.86
- -
- -
Book Value per Share
30.11
28.91
30.89
30.66
34.1
33.2
36.16
36.85
37.52
35.89
40.33
46.37
55.06
63.52
68.6
- -
- -
Tangible Book Value per Share
185
184
178
177
177
178
178
180
182
183
183
184
184
184
184
- -
184
Basic Weighted Avg Shares
6,649
10,031
9,191
9,858
9,998
10,236
9,054
9,011
11,212
10,797
12,858
22,945
34,628
34,174
32,280
31,679
31,691
Sales/Revenue/Turnover
5.47
7.76
7.68
6.63
7.03
10.66
6.63
4.59
6.77
7.17
6.34
7.81
8.97
10.28
7.06
1.46
5.63
Operating Margin (%)
112
163
215
238
378
250
221
241
229
218
221
226
302
441
864
1,056
915
Depreciation Expense
570
679
680
546
763
825
446
395
682
704
810
1,502
2,398
2,834
2,189
238
1,401
Net Income, GAAP
13.24
41.04
22.51
26.57
9.44
21.76
33.95
25.51
22.43
15.27
28.33
26.67
24.76
24.92
26.67
52.23
30.35
Effective Tax Rate (%)
8.57
6.77
7.4
5.54
7.63
8.06
4.93
4.38
6.08
6.52
6.3
6.55
6.92
8.29
6.78
0.75
4.42
Profit Margin (%)
3,871
3,077
2,847
2,700
3,486
3,311
3,737
3,995
3,753
3,705
4,711
5,760
6,814
7,648
8,252
7,486
- -
Working Capital
- -
24
1
1
2
1
1
- -
- -
152
113
148
263
1,417
1,503
1,161
- -
LT Debt
5,621
5,789
5,952
6,039
6,703
6,556
7,099
7,268
7,457
7,199
8,025
9,158
10,781
12,746
13,819
13,093
- -
Total Equity
5.77
7.9
9.05
7.78
9.68
13.1
6.28
4.71
8.93
10.05
8.53
16.19
23.42
21.19
11.58
1.48
- -
Return on Invested Capital (%)
27.08
15.7
14.26
11.26
15.51
16.64
8.7
7.46
12.77
13.94
15.21
23.74
30.44
27.22
17.84
4.25
230.14
Return on Capital (%)
27.16
17.13
16.11
12.49
16.72
17.15
8.71
7.38
12.75
13.73
15.4
24.2
31.25
29.46
19.53
3.94
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
446
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1,503
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
184
- -
Market Capitalization
151,124
101,933
93,617

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
24,301
- -
Cash, Cash Equivalents & STI
- -
5,073
- -
Accounts Receivable, Net
- -
7,695
- -
Inventories
- -
2,533
- -
Total Current Liabilities
- -
16,049
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
446
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.45%
10.64%
-5.26%
Free Cash Flow
121.54%
-130.67%
-453.3%
Net Income, GAAP
8.5%
10.26%
-89.11%
Sales/Revenue/Turnover
14.85%
24.13%
-1.86%
Total Cash Common Dividend
1,587.1%
1,843.67%
0.23%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,367
8,824
8,286
9,697
34,174
2025
6,991
8,162
8,530
8,597
32,280
2026
6,402
8,415
8,446
- -
31,679

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.19
3.4
3.83
- -
15.42
2025
4.58
2.93
2.23
2.17
11.91
2026
0.29
-0.67
0.63
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.5
2025
- -
- -
- -
- -
6
2026
- -
- -
- -
- -
- -
Business
Praj Industries Limited (PRAJIND.BO), founded in 1983 and headquartered in Pune, India, provides process and project engineering solutions focused on bioenergy, high-purity water systems, critical process equipment and skids, wastewater treatment, and brewery and beverage plants. The company offers turnkey bioenergy solutions including first-generation and second-generation ethanol plants from feedstocks such as molasses, grain, and sugar syrup; compressed biogas (CBG) production technologies; biodiesel systems; and advanced biofuels like sustainable aviation fuel (SAF), bio-bitumen, and renewable chemicals under its BioMobility and Bio-Prism platforms. Additional core offerings encompass high-purity water and hygienic systems for biopharma, sterile formulations, personal care, and nutraceuticals via subsidiary Praj HiPurity Systems; critical process equipment such as pressure vessels, reactors, shell-and-tube heat exchangers, and columns for oil & gas, petrochemicals, fertilizers, chemicals, food, pharma, and biotech sectors; zero-liquid discharge wastewater treatment systems emphasizing reduce-recycle-reuse principles; and complete brewery plants with low water and energy usage for premium beer production. Praj operates four manufacturing facilities in India at Sanaswadi near Pune, Kandla Special Economic Zone in Gujarat, and Wada in Thane District, with a total fabrication capacity exceeding 16,500 tons annually; all sites hold ASME U, U2, R, H, S stamps and ISO 9001:2015 certification. The company maintains a global footprint with over 1,000 references across 100 countries on six continents, including offices in South Africa, North America, Latin America, the Caribbean, Thailand, and Philippines, and supports operations through its R&D center Matrix, which drives innovations in industrial biotechnology, 2G biofuels, biochemicals, and health products. Recent developments include commissioning 41 biofuel projects across India in FY2024-25; securing a major grain-based ethanol plant order for Enersur S.A. in Paraguay in June 2025 with $150 million investment potential producing ethanol, corn oil, biogas, DDGS, biobitumen, and SAF; partnering with Thyssenkrupp Uhde for end-to-end polylactic acid (PLA) bioplastic production; signing a term sheet with Bharat Petroleum Corporation Limited (BPCL) for 10 CBG projects under a 50:50 joint venture; awarding a 36 TPD CBG project to a South India leader, marking one of India's largest single-location facilities; executing long-term framework agreements with three global Praj GenX customers following commissioning of the advanced Mangalore facility; and expanding international inquiry pipelines in the Americas, Brazil, Argentina, and Paraguay while strengthening Americas presence with local resources.