About
Praj Industries Limited operates in the field of bio-based technologies and engineering in India and internationally. The company 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. It also provides customized plants, and equipment and technology solutions to customers in the brewing and beverage industry; reactors, pressure vessels, heat exchangers, columns, and proprietary equipment to hydrocarbon industry, petrochemicals, industrial gas plants, and chemical plants; and modular process packages. In addition, the company offers wastewater treatment solutions, including treatment and disposal; 3Rs of reduce, recycle, and reuse; ZLD and resource recovery; operation and maintenance services; and value added services. Praj Industries Limited was incorporated in 1985 and is headquartered in Pune, India.
Key Metrics
as of Sep 2026Market Cap6,163 Cr
P/E122.00
Div Yield1.07 %
Book Value₹71.20
52w High₹428.00
52w Low₹273.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 716.00 | 845.00 | 841.00 | 842.00 | 640.00 | 860.00 | 853.00 | 816.00 | 699.00 | 1,019.00 | 829.00 | 882.00 | 737.00 |
| Expenses | 686.00 | 821.00 | 800.00 | 786.00 | 609.00 | 784.00 | 780.00 | 730.00 | 607.00 | 888.00 | 731.00 | 798.00 | 661.00 |
| Operating Profit | 30.00 | 23.00 | 41.00 | 56.00 | 31.00 | 75.00 | 73.00 | 86.00 | 92.00 | 131.00 | 98.00 | 84.00 | 75.00 |
| OPM % | 4.20 | 2.80 | 4.90 | 7.00 | 4.90 | 9.00 | 9.00 | 11.00 | 13.00 | 13.00 | 12.00 | 10.00 | 10.00 |
| Other Income | 20.00 | 33.00 | -23.00 | 5.00 | 9.00 | 10.00 | 14.00 | 14.00 | 40.00 | 11.00 | 9.00 | 11.00 | 12.00 |
| Depreciation | 25.00 | 27.00 | 27.00 | 27.00 | 25.00 | 22.00 | 23.00 | 21.00 | 20.00 | 15.00 | 11.00 | 9.00 | 9.00 |
| Interest | 4.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 5.00 | 5.00 | 4.00 | 4.00 | 1.00 | 1.00 |
| Profit before tax | 21.00 | 24.00 | -13.00 | 30.00 | 10.00 | 58.00 | 59.00 | 74.00 | 107.00 | 123.00 | 92.00 | 85.00 | 78.00 |
| Tax % | 45.00 | 51.00 | -4.00 | 35.00 | 44.00 | 32.00 | 30.00 | 28.00 | 21.00 | 25.00 | 23.00 | 26.00 | 24.00 |
| Net Profit | 12.00 | 12.00 | -12.00 | 19.00 | 5.00 | 40.00 | 41.00 | 54.00 | 84.00 | 92.00 | 70.00 | 62.00 | 59.00 |
| EPS in Rs | 0.63 | 0.63 | -0.67 | 1.05 | 0.29 | 2.17 | 2.24 | 2.93 | 4.58 | 5.00 | 3.83 | 3.39 | 3.19 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,168.00 | 3,228.00 | 3,466.00 | 3,528.00 | 2,343.00 | 1,305.00 | 1,102.00 | 1,141.00 | 917.00 | 915.00 | 1,024.00 | 1,012.00 |
| Expenses | 3,013.00 | 2,914.00 | 3,094.00 | 3,220.00 | 2,149.00 | 1,192.00 | 1,024.00 | 1,062.00 | 865.00 | 846.00 | 910.00 | 919.00 |
| Operating Profit | 155.00 | 314.00 | 372.00 | 308.00 | 194.00 | 112.00 | 78.00 | 79.00 | 52.00 | 69.00 | 114.00 | 93.00 |
| OPM % | 4.90 | 10.00 | 11.00 | 9.00 | 8.00 | 9.00 | 7.00 | 7.00 | 6.00 | 8.00 | 11.00 | 9.00 |
| Other Income | 21.00 | 89.00 | 59.00 | 45.00 | 36.00 | 26.00 | 30.00 | 32.00 | 27.00 | 22.00 | 18.00 | 34.00 |
| Interest | 20.00 | 18.00 | 10.00 | 5.00 | 3.00 | 3.00 | 3.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Depreciation | 106.00 | 86.00 | 44.00 | 30.00 | 23.00 | 22.00 | 22.00 | 23.00 | 24.00 | 22.00 | 25.00 | 38.00 |
| Profit before tax | 50.00 | 299.00 | 377.00 | 319.00 | 205.00 | 113.00 | 83.00 | 88.00 | 53.00 | 68.00 | 105.00 | 86.00 |
| Tax % | 52.00 | 27.00 | 25.00 | 25.00 | 27.00 | 28.00 | 15.00 | 22.00 | 26.00 | 34.00 | 22.00 | 9.00 |
| Net Profit | 24.00 | 219.00 | 283.00 | 240.00 | 150.00 | 81.00 | 70.00 | 68.00 | 39.00 | 45.00 | 82.00 | 78.00 |
| EPS in Rs | 1.30 | 11.91 | 15.42 | 13.05 | 8.18 | 4.42 | 3.85 | 3.73 | 2.18 | 2.49 | 4.63 | 4.30 |
| Dividend Payout % | 278.00 | 50.00 | 39.00 | 34.00 | 51.00 | 49.00 | 70.00 | 57.00 | 74.00 | 65.00 | 35.00 | 38.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 36.00 | 36.00 | 36.00 | 35.00 |
| Reserves | 1,272.00 | 1,345.00 | 1,238.00 | 1,041.00 | 879.00 | 765.00 | 683.00 | 708.00 | 690.00 | 674.00 | 620.00 | 587.00 |
| Borrowings | 173.00 | 195.00 | 169.00 | 42.00 | 21.00 | 0.00 | 0.00 | 0.00 | 6.00 | 4.00 | 16.00 | 17.00 |
| Other Liabilities | 1,574.00 | 1,581.00 | 1,450.00 | 1,499.00 | 1,281.00 | 792.00 | 442.00 | 502.00 | 401.00 | 473.00 | 485.00 | 504.00 |
| Total Liabilities | 3,056.00 | 3,157.00 | 2,894.00 | 2,619.00 | 2,218.00 | 1,594.00 | 1,162.00 | 1,247.00 | 1,133.00 | 1,187.00 | 1,157.00 | 1,144.00 |
| Fixed Assets | 560.00 | 567.00 | 474.00 | 317.00 | 286.00 | 284.00 | 294.00 | 290.00 | 297.00 | 270.00 | 272.00 | 302.00 |
| CWIP | 6.00 | 18.00 | 43.00 | 7.00 | 2.00 | 1.00 | 2.00 | 2.00 | 4.00 | 31.00 | 1.00 | 1.00 |
| Investments | 418.00 | 428.00 | 497.00 | 543.00 | 463.00 | 335.00 | 164.00 | 211.00 | 201.00 | 134.00 | 145.00 | 158.00 |
| Other Assets | 2,072.00 | 2,144.00 | 1,880.00 | 1,752.00 | 1,467.00 | 975.00 | 702.00 | 744.00 | 631.00 | 752.00 | 738.00 | 682.00 |
| Total Assets | 3,056.00 | 3,157.00 | 2,894.00 | 2,619.00 | 2,218.00 | 1,594.00 | 1,162.00 | 1,247.00 | 1,133.00 | 1,187.00 | 1,157.00 | 1,144.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 200.00 | 43.00 | 199.00 | 162.00 | 188.00 | 225.00 | 15.00 | 33.00 | 101.00 | 20.00 | 51.00 | 150.00 |
| Cash from Investing Activity | 4.00 | 75.00 | -6.00 | -78.00 | -137.00 | -164.00 | 66.00 | -3.00 | -69.00 | -8.00 | 2.00 | -77.00 |
| Cash from Financing Activity | -187.00 | -161.00 | -124.00 | -93.00 | -44.00 | -6.00 | -98.00 | -43.00 | -25.00 | -4.00 | -68.00 | -40.00 |
| Net Cash Flow | 16.00 | -42.00 | 70.00 | -9.00 | 6.00 | 55.00 | -18.00 | -14.00 | 8.00 | 9.00 | -15.00 | 33.00 |
| Free Cash Flow | 157.00 | -1.00 | 111.00 | 127.00 | 169.00 | 217.00 | 8.00 | 19.00 | 85.00 | -16.00 | 39.00 | 154.00 |
| CFO/OP % | 175.00 | 46.00 | 82.00 | 73.00 | 120.00 | 213.00 | 42.00 | 68.00 | 221.00 | 59.00 | 76.00 | 151.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64.00 | 63.00 | 68.00 | 82.00 | 80.00 | 127.00 | 109.00 | 98.00 | 105.00 | 118.00 | 131.00 | 101.00 |
| Inventory Days | 60.00 | 56.00 | 41.00 | 55.00 | 86.00 | 64.00 | 73.00 | 76.00 | 63.00 | 82.00 | 79.00 | 164.00 |
| Days Payable | 132.00 | 106.00 | 92.00 | 84.00 | 106.00 | 169.00 | 124.00 | 140.00 | 137.00 | 167.00 | 162.00 | 128.00 |
| Cash Conversion Cycle | -8.00 | 12.00 | 16.00 | 54.00 | 60.00 | 21.00 | 59.00 | 33.00 | 30.00 | 33.00 | 48.00 | 137.00 |
| Working Capital Days | 16.00 | 32.00 | 16.00 | 8.00 | 4.00 | 12.00 | 65.00 | 39.00 | 51.00 | 66.00 | 46.00 | 26.00 |
| ROCE % | 6.00 | 18.00 | 29.00 | 31.00 | 23.00 | 15.00 | 11.00 | 11.00 | 6.00 | 10.00 | 16.00 | 12.00 |
Corporate Actions
35 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 06 Aug 2026 | 06 Aug 2026 | — | 3.60 | |
| Dividend | 04 Aug 2025 | 04 Aug 2025 | — | 6.00 | |
| Dividend | 18 Jul 2024 | — | — | 6.00 | |
| Dividend | 19 Jul 2023 | — | — | 4.50 | |
| Dividend | 27 Jul 2022 | — | — | 1.50 | NSE/BSE dividend mismatch: BSE/NSE=2.7; BSE/NSE=1.5 |
| Dividend | 27 Jul 2022 | — | — | 2.70 | NSE/BSE dividend mismatch: BSE/NSE=2.7; BSE/NSE=1.5 |
| Dividend | 03 Aug 2021 | — | — | 2.16 | |
| Other | 10 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 13 Mar 2020 | 16 Mar 2020 | — | 2.70 | |
| Dividend | 15 Jul 2019 | — | — | 1.62 | |
| Dividend | 07 Feb 2019 | 08 Feb 2019 | — | 0.50 | |
| Dividend | 27 Jul 2018 | — | — | 1.62 | |
| Dividend | 02 Aug 2017 | — | — | 1.62 | |
| Dividend | 17 Mar 2016 | 19 Mar 2016 | — | 1.62 | |
| Dividend | 29 Jul 2015 | — | — | 1.62 | |
| Dividend | 22 Jul 2014 | — | — | 1.62 | |
| Dividend | 13 Feb 2014 | 14 Feb 2014 | — | 0.60 | |
| Dividend | 16 Jul 2013 | — | — | 1.62 | |
| Other | 16 Jul 2013 | — | — | — | Annual General Meeting/Dividend Rs 1.62 Per Equity Share |
| Dividend | 12 Jul 2012 | — | — | 1.62 | |
| Dividend | 14 Jul 2011 | — | — | 1.26 | |
| Other | 15 Jul 2010 | — | — | — | Annual General Meeting |
| Dividend | 28 Jan 2010 | 29 Jan 2010 | — | 1.44 | |
| Other | 02 Jul 2009 | — | — | — | Annual General Meeting |
| Dividend | 06 Feb 2009 | 09 Feb 2009 | — | 1.80 | NSE/BSE dividend mismatch: NSE=1.3; BSE=1.8 |
| Dividend | 06 Feb 2009 | 09 Feb 2009 | — | 1.30 | NSE/BSE dividend mismatch: NSE=1.3; BSE=1.8 |
| Other | 19 Jun 2008 | — | — | — | Agm |
| Dividend | 07 Feb 2008 | 08 Feb 2008 | — | 1.98 | |
| Other | 07 Feb 2008 | 08 Feb 2008 | — | — | Interim Div-Rs.1.98 Pr Shpurpose Revised |
| Bonus | 18 Jul 2007 | — | 1:1 | — | |
| Dividend | 20 Mar 2007 | 21 Mar 2007 | — | 1.80 | |
| Dividend | 19 Oct 2006 | 20 Oct 2006 | — | 0.90 | |
| Other | 12 Jul 2006 | — | — | — | Agm |
| Bonus | 17 Aug 2005 | 24 Aug 2005 | 1:1 | — | |
| Other | 14 Jul 2005 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update19 Aug from crisil
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Rating update8 Jul 2025 from crisil
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Rating update14 May 2024 from crisil
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Rating update9 May 2023 from crisil
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Rating update28 Feb 2022 from crisil
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Rating update5 Nov 2020 from crisil
Conference Calls
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