P

Praj Industries Limited

PRAJINDNSE
Market snapshot · 2026-08-10 18:12 UTC

327.65

+₹2.60 (+0.80%)

MARKET CAP

₹6.02K Cr

STOCK P/E

252.0x

52W HIGH

₹451.85

52W LOW

₹273.00

BOOK VALUE

₹71.22

EPS

₹1.30

ROE

1.77%

SECTOR

Industrials

DEBT/EQUITY

13.22

VOLUME

8.09L

P/B RATIO

4.60x

PEG RATIO

-3.53

Sector

Industrials

Themes

Construction & EngineeringMonopolyCapital GoodsGoldman Sachs Portfolio
D
Dividend
E
Earnings
₹406.64₹375.07₹343.49₹311.91₹280.34VolumeEEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for PRAJIND.

6.00 analysts

Price Forecast

Current
₹327.65
High Target
₹398.00
▲ +21.5%
Median Target
₹373.50
▲ +14.0%
Low Target
₹340.00
▲ +3.8%
Now₹327.65High ₹398.00Median ₹373.50Low ₹340.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
6 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹246.47 - ₹412.6080%
6M₹215.60 - ₹446.7980%
12M₹175.62 - ₹492.1780%
Realized vol: +40.2% · Drift: -2.8%

Revenue Forecast

₹ Cr
Mar '26Current₹693.0
Sep 2026 ETrend estimate range
High₹717.7Base₹664.5Low₹611.4
Jun '25: ₹510.0 · Sep '25: ₹686.0 · Dec '25: ₹697.0 · Mar '26: ₹693.0 · Sep '26: ₹664.5 · Dec '26: ₹675.2
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E510.0686.0697.0693.0664.5675.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹2.30
Sep 2026 ETrend estimate range
High₹1.78Base₹1.59Low₹1.40
Jun '25: ₹1.09 · Sep '25: ₹2.27 · Dec '25: ₹0.90 · Mar '26: ₹2.30 · Sep '26: ₹1.59 · Dec '26: ₹0.63
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1.092.270.902.301.590.63
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
61%
Analyst Consensus
Unavailable

From 6 analysts

Mean upside+13.4%

Fundamentals

Weakening

Fundamentals institutional score is 11 using EVA spread proxy -10.2%; growth durability 20.9.

Valuation

Attractive relative to peers

Valuation institutional score is 87 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 71 using mean target upside 13.4%; dispersion penalty 6.2; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 60 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and analyst consensus provide support, while fundamentals remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price371.5 target
Mean Upside+13.4%
Technical Score60%
Fundamental Score11%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 34.1% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.19). Confidence: 71%.

Live forward EPS implies next-12-month EPS of ₹11.67. Applying the stock's normalized valuation corridor produces a fair range of ₹3,157.79 to ₹5,103.17, with base value near ₹4,427.71 (+1251.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹11.67

Forward P/E

28.1x

Base Fair Value

₹4,427.71

Fair Range

₹3,157.79 - ₹5,103.17

Upside To Base

+1251.4%

Estimate Source

Live forward EPS

Growth Estimate

-70.9%

P/E
Strongly Undervalued

5Y Average

308.91

Current

250.04

Overvalued

437.29

Undervalued

270.59

EV/EBITDA
Strongly Undervalued

5Y Average

88.24

Current

65.37

Overvalued

101.33

Undervalued

66.34

P/B
Undervalued

5Y Average

4.93

Current

4.60

Overvalued

5.67

Undervalued

4.19

Peers & Comparison

Sector: Industrials · Theme: Construction & Engineering

Construction & Engineering Peers8 peers
Avg P/E: 28.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
NCC LIMITED
NCCConstruction & Engineering
+1.7%3.2%
13.6x
Undervalued
-52% vs avg
-34.9%
AXISCADES TECH LTD
AXISCADESConstruction & Engineering
+1.5%6.2%
92.7x
Premium
+224% vs avg
+29.1%
AFCONS INFRASTRUCTURE LTD
AFCONSConstruction & Engineering
-19.1%1.3%
38.5x
Premium
+35% vs avg
-35.5%
G R INFRAPROJECTS LIMITED
GRINFRAConstruction & Engineering
+40.1%11.0%
9.5x
Undervalued
-67% vs avg
-30.1%
AJAX ENGINEERING LIMITED
AJAXENGGConstruction & Engineering
+1.7%10.8%
28.9x
Fair
+1% vs avg
-20.9%
CEIGALL INDIA LIMITED
CEIGALLConstruction & Engineering
+37.1%7.8%
18.0x
Undervalued
-37% vs avg
+35.9%
AHLUWALIA CONT IND LTD
AHLUCONTConstruction & Engineering
+8.8%5.8%
20.9x
Undervalued
-27% vs avg
-13.8%
PNC INFRATECH LTD.
PNCINFRAConstruction & Engineering
-5.1%15.5%
6.5x
Undervalued
-77% vs avg
-26.4%
WHY THESE PEERS

PRAJ INDUSTRIES LTD trades at a premium (252.0x vs peer avg 28.6x), implying higher growth or quality expectations from the Construction & Engineering cohort. Peers include NCC LIMITED, AXISCADES TECH LTD, AFCONS INFRASTRUCTURE LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹693 CrMar 2026

Latest net profit

₹42 CrMar 2026

Latest EPS

₹2.30Mar 2026

Net margin

5.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%3.0%6.0%9.0%12.0%0.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr200 Cr400 Cr600 Cr800 Cr₹0₹1₹2₹3₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr200 Cr400 Cr600 Cr800 Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +879650783717839601704739701510686697693
Expenses +783587704623739515630668624482626648658
Operating Profit966379941008674727728604934
OPM %11%10%10%13%12%14%10%10%11%5%9%7%5.0%
Other Income +1311351012421616171311-1239
Interest2111111111112
Depreciation98810101111121213141414
Profit before tax98651059310211678758127562357
Tax %21%24%20%23%26%21%26%26%27%25%25%27%26%
Net Profit +77498472769258565920421742
EPS in Rs4.202.684.583.904.115.003.153.033.211.092.270.902.30
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +32.81%32.81%32.81%32.81%32.81%
FIIs +16.86%17.53%17.32%17.74%17.75%
DIIs +17.43%14.83%13.64%12.68%14.09%
Public +32.89%34.82%36.23%36.77%35.34%
Others0.01%0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Board Meeting Intimation for Intimation Of Board Meeting

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 03, 2026PDFCompany Reports Open

Intimation Of Record Date

Jul 21, 2026PDFCompany Reports Open