Praj Industries Ltd.

NSE: PRAJIND  SECTOR: Engineering - Industrial Equipments

225.45
-7.75 (-3.32%)

Price Summary

Today's High

₹ 241.85

Today's Low

₹ 222

52 Week High

₹ 237.8

52 Week Low

₹ 52.7

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

Company Essentials

Market Cap

4134.34773108 Cr.

Enterprise Value

4111.24673108 Cr.

No. of Shares

18.3382024 Cr.

P/E

121.24

P/B

5.7

Face Value

₹ 2

Div. Yield

1.2%

Book Value (TTM)

₹  39.5362

CASH

23.101 Cr.

DEBT

0 Cr.

Promoter Holding

32.92%

EPS (TTM)

₹  1.8595

Sales Growth

10.0299003745952%

ROE

9.0126238851037 %

ROCE

11.1056965425897 %

Profit Growth

6.81856019017072 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year10.03%
3 Year15.13%
5 Year4.33%

Profit Growth (in Cr.)

1 Year3.69%
3 Year11.36%
5 Year-1.14%

ROE%

1 Year9.01%
3 Year7.34%
5 Year7.84%

ROCE %

1 Year11.11%
3 Year9.32%
5 Year10.03%

Debt/Equity

0

Price to Cash Flow

304.65

Interest Cover Ratio

32.7165644171779

CFO/PAT (5 Yr. Avg.)

0.945669789194938

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2020 32.92 0
Sep 2020 32.92 0
Jun 2020 32.92 0
Mar 2020 32.92 0
Dec 2019 32.95 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 15.1270046727733% for the Past 3 years.
  • The company has significantly decreased its debt by 0.041 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 32.7165644171779.
  • The company has an efficient Cash Conversion Cycle of 52.6908713766102 days.

 Limitations

  • Company has a poor ROE of 7.33531250253538% over the past 3 years.
  • The company is trading at a high EV/EBITDA of 53.1856.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 261.25 244.17 91.51 208.37 289.44
Total Expenditure 237.07 220.42 107.36 199.72 254.65
Operating Profit 24.18 23.75 -15.85 8.65 34.79
Other Income 6.79 10.4 6.13 5.34 4.09
Interest 0.61 0.61 0.62 0.59 0.57
Depreciation 4.66 4.72 4.76 4.79 4.82
Exceptional Items 0 -9.76 0 0 0
Profit Before Tax 25.7 19.06 -15.1 8.61 33.49
Tax 3.98 4.81 -3.8 2.52 8.43
Profit After Tax 21.72 14.25 -11.3 6.09 25.06
Adjusted EPS (Rs) 0.12 0.08 -0.06 0.03 0.14

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 895.88 621.95 744.72 862.53 949.04
Total Expenditure 813.21 554.1 712.55 789.38 874.27
Operating Profit 82.67 67.84 32.18 73.15 74.77
Other Income 16.99 19.45 29.79 28.45 33.78
Interest 0.7 0.73 0.86 0.68 2.45
Depreciation 21.5 19.13 21.26 19.99 18.8
Exceptional Items 0 0 0 0 -9.76
Profit Before Tax 77.46 67.43 39.85 80.92 77.55
Tax 12.05 20.57 8.37 18.52 12.84
Net Profit 65.41 46.86 31.48 62.41 64.71
Adjusted EPS (Rs.) 3.68 2.61 1.74 3.42 3.53

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 35.6 35.89 36.19 36.53 36.63
Total Reserves 621.89 678.99 687.08 699.64 667.72
Borrowings 0.12 0.08 0.04 0 0
Other N/C liabilities 7.83 17.07 15.19 9.64 17.41
Current liabilities 398.42 362.94 311.95 415.48 328.31
Total Liabilities 1063.86 1094.98 1050.45 1161.28 1050.07
Assets
Net Block 188.43 173.93 202.36 195.76 197.01
Capital WIP 0.74 31.46 4.17 2.23 2.08
Investments 190.65 180.65 191.01 225.82 211.07
Loans & Advances 12.53 12.66 5.01 4.9 5.54
Other N/C Assets 1.45 11.44 3.11 22.8 7.67
Current Assets 670.05 684.85 644.79 709.78 626.7
Total Assets 1063.86 1094.98 1050.45 1161.28 1050.07
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 77.46 67.43 39.85 80.92 77.55
Adjustment 23.58 10.57 23.19 16.48 22.96
Working Capital Changes -19.35 -44.55 44.64 -75.86 -70.14
Tax Paid -27.19 -15.63 -5.81 -17.23 -16.8
Operating Cash Flow 54.5 17.82 101.87 4.31 13.57
Investing Cash Flow -10.37 -13.44 -66.54 -3.6 67.19
Financing Cash Flow -65.3 8.34 -26.57 -37.48 -96.37
Net Cash Flow -21.17 12.72 8.76 -36.77 -15.61

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Praj Industries Stock Price Analysis and Quick Research Report. Is Praj Industries an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a Low P/E are undervalued (it depends on other factors too). Praj Industries has a PE ratio of 121.242269427265 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Praj Industries has ROA of 5.85260808300428 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Praj Industries has a Current ratio of 1.90885554682408 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Praj Industries has a ROE of 9.01262388510371 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Praj Industries has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Praj Industries has an Inventory turnover ratio of 10.7205494462048 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Praj Industries has reported revenue growth of 10.0299003745952 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Praj Industries for the current financial year is 7.87836576252685 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Praj Industries is Rs 2.7 and the yield is 1.1976 %.

Brief about Praj Industries

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