Praj Industries share price, P/E, ROE & financials

Praj Industries (PRAJIND) had a P/E of 135.2× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 42% below their 52-week high. Its ROCE of 4.9% is the lowest among the 7 largest Engineering & Construction peers, and sales and net profit fell 3.2% and 54% a year over 3 years. Its dividend yield is 1.4%, and debt is 0.11× equity. It is a small-cap company with a market cap of ₹4,597 Cr, ranked 25th of 156 Engineering & Construction companies by market cap; the shares fell 25% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹254.82
Day high: ₹254.82
Day low: ₹246.00
Prev. close: ₹255.57
Volume: 8.2 L

Health check

1 fair · 5 to check

ReturnsBehind
−24.5% over a year, better than 2 of 7 peers.
Price tagPricier
P/E 135.2 vs industry 16.4.
GrowthShrinking
Sales −3.2%, profit −53.7% a year over 3 years.
ProfitabilityWeak
ROCE 4.9% vs peer median 19.9%.
Balance sheetFair
Debt 0.11× equity, interest covered 3.5×, Piotroski 6 of 9.
Red flags3 to check
Return on equity is low at 2.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹4,597 Cr, #25 of 156 in its industry by size.

Defensive

Beta 0.26 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹3,251 Cr · profit ₹34 Cr

Market cap: ₹4,597 Cr; Small cap
P/E: 135.2; Industry 16.4
Price to book: 3.60; Peers 4.92
Dividend yield: 1.44%
ROE: 2.6%; Peers 17.9%
ROCE: 4.9%; Peers 19.9%
Debt to equity: 0.11; Debt ₹138 Cr
EPS (TTM): ₹1.85; Face value ₹2
OPM (TTM): 4.2%; Net margin 1.0%
Sales growth: +0.9%; Latest quarter vs a year ago
Profit growth: +20.0%; Latest quarter vs a year ago
Price to sales: 1.41; EV/EBITDA 52.2

Strengths

Quarterly profit up 20.0% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 2.6%.
P/E of 135.2 against an industry P/E of 16.4.
42% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Praj Industries

Praj Industries Limited operates in the field of bio-based technologies and engineering in India and internationally. It offers solutions for the ethanol industry, including multi-feed multi-product plants, modernization of existing plants, and renewable fuels comprising BioCNG, iso-butanol, etc.; and high purity system solutions for the biopharma industry, sterile formulations, topical and oral formulations, personal care, and nutraceutical industry. The…

Headquarters: Pune
Employees: 1,629
Sector: Industrials
ISIN: INE074A01025
Website: praj.net

Price range

52 weeks

₹240.10₹427.65

Today

₹246.00₹254.82

Avg volume (3M): 8.5 L
1-year return: minus 24.5%
From 52-week high: minus 41.5%

Analyst consensus

5 analysts

BuyMean target ₹327.00 30.7%

Target range, with today’s price

Low ₹260.00High ₹390.00

Today’s price ₹250.11 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
LTLarsen & Toubro	4,117.70	plus 1.67%	5,66,549	31.7	19.6	14.6%	9.6%	1.05	16.1%	plus 3.2%
RVNLRail Vikas Nigam	193.34	minus 0.18%	40,312	44.9	56.9	11.0%	4.3%	0.49	0.2%	minus 40.5%
CEMPROCemindia Projects	1,323.30	plus 2.79%	24,405	36.4	24.2	37.1%	10.4%	0.35	25.5%	plus 49.2%
KPILKalpataru Projects International	1,370.80	minus 0.04%	23,410	19.7	10.1	19.9%	8.3%	0.46	18.4%	plus 4.3%
NBCCNBCC (India)	78.00	minus 2.90%	21,060	26.5	19.8	34.3%	6.1%	0.00	12.9%	minus 29.5%
ENGINERSINEngineers India	292.70	minus 1.94%	16,451	18.3	21.5	28.1%	21.2%	0.00	5.7%	plus 51.1%
WABAGVA Tech Wabag	1,988.20	plus 6.57%	12,434	29.4	20.8	16.3%	10.9%	0.09	9.9%	plus 33.2%
PRAJINDPraj Industries	250.11	minus 2.14%	4,597	135.2	23.5	4.9%	3.2%	0.11	−3.2%	minus 24.5%
Median of 7 peers	–	−0.04%	23,410	29.4	20.8	19.9%	9.6%	0.35	12.9%	4.3%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
640	–	841	845	416	849
–	–	823	821	386	797
–	29.2	18.7	23.3	30	52.4
–	–	2.2%	2.8%	7.2%	6.2%
–	–	34.4	24.5	20	12.2
–	5	5	5.2	3.7	3.4
25.2	–	26.6	27.1	25.3	25
–	–	−34.4	8.1	–	–
9.6	–	−12.8	23.5	21	36.1
44.4%	–	3.5%	50.7%	44.9%	35.9%
5.3	–	−12.4	11.6	11.6	23.2
0.29	–	-0.67	0.63	0.63	1.26

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −3.2%
Profit CAGR 3Y: −53.7%
EPS CAGR 3Y: −53.6%
ROE: 2.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
3,463	3,417	3,189	3,136
–	minus 1.3%	minus 6.7%	minus 1.6%
3,122	3,022	2,847	2,958
341	395	342	178
9.8%	11.6%	10.7%	5.7%
19.2	32.5	30	35.4
4.6	9.8	18.5	20.3
30.2	44.1	86.4	106
−6.3	3.4	31.2	−37.9
319	377	299	49.9
24.8%	24.9%	26.7%	52.2%
240	283	219	23.8
–	+18.2%	minus 22.7%	minus 89.1%
13.05	15.42	11.91	1.30

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
36.7	36.8	36.8	36.8
1,041	1,238	1,345	1,272
42.1	169	195	173
1,499	1,452	1,584	1,574
2,619	2,895	3,160	3,056
247	418	469	455
10.6	10.8	22.4	6.4
87.3	110	70.6	12.8
577	585	507	586
1,697	1,773	2,091	1,996
2,619	2,895	3,160	3,056

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
162	199	43	200
−84.4	−10.1	71.2	−6.4
−93.4	−124	−161	−187
−15.7	65.4	−46.6	6.4
−35.3	−89.3	−87	−44.4
127	110	−44.1	156
−77.1	−82.7	−110	−110

Shareholding pattern

Source: NSE filings

32.8%

promoters

Promoters32.81%
Public67.19%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	32.81%	67.19%	0.00
30 Jun 2026	32.81%	67.19%	0.00
31 Mar 2026	32.81%	67.19%	0.00
31 Dec 2025	32.81%	67.19%	0.00
30 Sep 2025	32.81%	67.19%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you