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Praj Industries Limited (PRAJIND.NS)

INR352.75 +1.05 (+0.30%)
IN NSE Industrials Engineering & Construction
Address Praj Tower 411057
Pune, IN
CEO Ashish Madhukar Gaikwad
Website praj.net
IPO 2002-07-01
ISIN INE074A01025

Explore sections of this company profile

Also trades on Bombay Stock Exchange · PRAJIND.BO (INR) National Stock Exchange of India · PRAJIND.NS (INR)
Description

Praj Industries Limited, established in 1985 and headquartered in Pune, India, operates globally in the realm of bio-based technologies and engineering. The company delivers extensive solutions for the ethanol sector, encompassing multi-feedstock and multi-product facilities, modernizations for existing plants, and novel renewable fuels such as BioCNG and iso-butanol. Additionally, Praj provides high-purity system solutions for the biopharmaceutical industry, catering to sterile, topical, oral, personal care, and nutraceutical formulations. It also designs specialized plants, equipment, and technological offerings for breweries. For industries like hydrocarbon, petrochemicals, industrial gas, and chemical plants, Praj manufactures critical components including reactors, pressure vessels, heat exchangers, process columns, proprietary tower equipment, and modular process skids. Furthermore, the company offers a comprehensive suite of wastewater treatment services, covering purification, disposal, implementation of reduce, recycle, and reuse (3R) principles, Zero Liquid Discharge (ZLD) systems, resource recovery, and ongoing operation and maintenance support.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR352.75 +1.05 (+0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.08
Float Shares
120.63M
Free Float %
65.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-7.50% -9.53% -13.06% +11.65% +12.27% +10.04% -27.27% -9.82% +5.08% +316.67% +46,154.07%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
352.75
DCF (Unlevered) 594.68 +68.6%
DCF (Levered) 427.11 +21.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 43% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.62
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    -1.9% Q1'26: -1.8% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    -89.1% Q1'26: -71.0% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +3.7% Q1'26: -3.6% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +1.5% Q1'26: -0.5% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +3.2% Q1'26: -1.0% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    -0.2% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    3.74× Q1'26: -11.36× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.21) × ERP
WACC = 97% × Ke + 3% × Kd (11.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 594.97 Current price: 352.75
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2008
actual
Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
6 Rev. Ana.
4 EPS Ana.
Mar 2027
7 Rev. Ana.
7 EPS Ana.
Mar 2028
6 Rev. Ana.
6 EPS Ana.
Mar 2029
1 Rev. Ana.
4 EPS Ana.
Revenue
7.38B
est: 9.40B (-21.5%)
5.53B
est: 5.81B (-4.9%)
10.03B
est: 7.71B (+30.2%)
9.19B
est: 9.55B (-3.8%)
9.86B
est: 9.08B (+8.6%)
10.12B
est: 10.31B (-1.9%)
10.16B
est: 10.43B (-2.6%)
9.15B
est: 9.32B (-1.8%)
9.01B
est: 9.23B (-2.4%)
11.21B
est: 11.15B (+0.6%)
10.80B
est: 12.16B (-11.2%)
13.05B
est: 10.95B (+19.2%)
23.43B
est: 21.65B (+8.2%)
35.28B
est: 35.10B (+0.5%)
34.66B
est: 34.29B (+1.1%)
32.28B
est: 34.17B (-5.5%)
31.97B
30.48B – 32.62B
-6.4% YoY
36.55B
33.52B – 42.19B
+14.3% YoY
41.44B
36.81B – 48.25B
+13.4% YoY
57.70B
52.04B – 66.91B
+39.2% YoY
EBITDA
1.78B
est: 1.04B (+71.0%)
769.03M
est: 1.21B (-36.3%)
942.18M
est: 1.26B (-25.0%)
1.16B
est: 2.03B (-42.6%)
973.61M
est: 1.15B (-15.6%)
875.13M
est: 1.15B (-24.2%)
1.32B
est: 1.50B (-11.9%)
704.73M
est: 1.28B (-44.8%)
511.21M
est: 1.06B (-51.9%)
824.19M
est: 1.16B (-28.9%)
1.08B
est: 1.54B (-29.7%)
1.37B
est: 878.24M (+56.4%)
2.29B
est: 1.03B (+122.1%)
3.53B
est: 1.02B (+246.0%)
4.31B
est: 3.17B (+36.1%)
4.04B
est: 3.16B (+27.9%)
2.96B
2.82B – 3.01B
-6.4% YoY
3.38B
3.10B – 3.90B
+14.3% YoY
3.83B
3.40B – 4.46B
+13.4% YoY
5.33B
4.81B – 6.18B
+39.2% YoY
EBIT
1.73B
est: 899.10M (+92.2%)
657.15M
est: 976.02M (-32.7%)
778.70M
est: 649.84M (+19.8%)
946.41M
est: 985.03M (-3.9%)
735.98M
est: 657.14M (+12.0%)
496.87M
est: 710.46M (-30.1%)
1.07B
est: 478.47M (+124.5%)
688.33M
est: 795.46M (-13.5%)
270.29M
est: 458.86M (-41.1%)
594.70M
est: 328.46M (+81.1%)
862.31M
est: 619.16M (+39.3%)
1.15B
est: 466.48M (+147.1%)
2.07B
est: 548.57M (+278.0%)
3.23B
est: 542.12M (+496.5%)
3.87B
est: 2.77B (+39.6%)
3.17B
est: 2.76B (+14.9%)
2.59B
2.46B – 2.64B
-6.4% YoY
2.96B
2.71B – 3.41B
+14.3% YoY
3.35B
2.98B – 3.90B
+13.4% YoY
4.67B
4.21B – 5.41B
+39.2% YoY
Net Income
1.51B
est: 1.39B (+9.1%)
534.73M
est: 945.12M (-43.4%)
703.30M
est: 766.54M (-8.3%)
680.27M
est: 841.31M (-19.1%)
546.26M
est: 646.68M (-15.5%)
762.66M
est: 622.65M (+22.5%)
694.47M
est: 783.37M (-11.3%)
446.03M
est: 736.37M (-39.4%)
394.91M
est: 439.62M (-10.2%)
682.03M
est: 472.89M (+44.2%)
704.31M
est: 748.85M (-5.9%)
810.47M
est: 584.50M (+38.7%)
1.50B
est: 687.37M (+118.6%)
2.40B
est: 2.57B (-6.8%)
2.83B
est: 3.09B (-8.3%)
2.19B
est: 2.58B (-15.2%)
1.04B
846.22M – 1.24B
-59.6% YoY
1.85B
1.66B – 3.82B
+77.8% YoY
2.99B
2.39B – 3.59B
+61.4% YoY
— – —
-100.0% YoY
SGA
24.53M
est: 285.99M (-91.4%)
1.12B
est: 1.19B (-5.9%)
1.51B
est: 2.71B (-44.4%)
1.05B
est: 3.75B (-71.9%)
1.38B
est: 2.71B (-49.2%)
101.97M
est: 4.24B (-97.6%)
558.10M
est: 3.81B (-85.3%)
311.86M
est: 3.49B (-91.1%)
354.00M
est: 3.28B (-89.2%)
397.94M
est: 4.18B (-90.5%)
397.92M
est: 4.40B (-91.0%)
35.01M
est: 3.48B (-99.0%)
654.03M
est: 4.09B (-84.0%)
238.92M
est: 4.04B (-94.1%)
1.94B
est: 3.30B (-41.2%)
1.90B
est: 3.29B (-42.3%)
3.08B
2.93B – 3.14B
-6.4% YoY
3.52B
3.22B – 4.06B
+14.3% YoY
3.99B
3.54B – 4.64B
+13.4% YoY
5.55B
5.01B – 6.44B
+39.2% YoY
EPS
8.52
est: 7.55 (+12.9%)
3.13
est: 2.70 (+15.8%)
3.69
est: 4.59 (-19.6%)
3.83
est: 4.28 (-10.6%)
3.08
est: 3.26 (-5.6%)
4.30
est: 3.20 (+34.4%)
4.64
est: 3.85 (+20.5%)
2.50
est: 3.20 (-21.9%)
2.19
est: 2.22 (-1.4%)
3.75
est: 4.53 (-17.3%)
3.85
est: 3.93 (-2.1%)
4.42
est: 3.30 (+33.9%)
8.18
est: 8.25 (-0.8%)
13.05
est: 12.39 (+5.3%)
15.42
est: 16.81 (-8.3%)
11.91
est: 13.53 (-12.0%)
5.70
4.61 – 6.75
-57.9% YoY
12.20
9.06 – 20.82
+113.9% YoY
16.10
13.05 – 19.57
+32.0% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 5/5 2/5 3/5 3/5 1/5 2/5
2026-05-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-227.76M
OE per share TTM
-1.24
Owner's Yield
-0.35%
Maintenance CapEx ratio
134.49%
Maint CapEx / Avg PPE
12.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 13 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.52M 0.06%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 53.3K 0.48%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 120.2K 0.26%
4 Vanguard FTSE Emerging Markets ETF VWO 0.00% 5.93M 0.06%
5 Vanguard Total International Stock ETF VXUS 0.00% 6.43M 0.05%
6 Vanguard Total World Stock ETF VT 0.00% 500.0K 0.06%
7 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 9.5K 0.22%
8 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 28.7K 0.22%
9 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 15.4K 0.22%
10 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 6.8K 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
330.1K
Shares Outstanding
183.81M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pramod Madhukar Chaudhari Founder Chairman & Mentor 48M
Sachin Vinayak Raole CFO, Joint MD & Executive Director 33M male
Ashish Madhukar Gaikwad MD & Director 17M male
Anant N. Bavare GM, Company Secretary & Compliance Officer 4M male
Prakash Ranjan President & Group CHRO
Pramod S. Kumbhar President & Chief Technology Officer
S. Suresh Kumar Executive Vice President
Shrikant Wale President male
Atul Mulay President of Bioenergy male
Dattatraya Nimbolkar Chief Internal Auditor & Nodal Officer male
Ghanashyam Deshpande President & Chief Innovation Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits