1. Praj Industries
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83% Buy

Praj Industries Share Price

PRAJIND

₹700.15+₹14.45 (2.11%) TodayLast updated on 14 Jun, 2024 | 03:59 PM IST
₹673.30₹711.70
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Company overview

Financial performance

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Market cap

Market Cap Switch₹12,604 Crs

Open

₹688.00

Close

₹685.70

Circuit range

₹822.80 - ₹548.60

Day range

₹673.30 - ₹711.70

Year range

₹365.95 - ₹711.70

Volume

39,69,775

Avg. traded

₹693.17

Revenue (12m)

₹3,466 Crs

Praj Industries

Praj Industries Limited is a leading biofuel technology company. It was founded in 1985 and is headquartered in Pune. The company started as a supplier for an ethanol plant and has now evolved into a multinational firm offering diverse products, particularly in the environmental engineering, energy and agri-process sectors.

The company offers a wide range of processes and systems to alcohol plants for ethanol and biodiesel productions.

The market capitalisation of Praj Industries Limited stood at ₹9,400 crore as of January 23, 2024. Praj Industries share price has gained more than 330% in the last three years.

Praj Industries Limited Business Operations

Praj Industries Limited provides a variety of processes and systems for ethanol and biodiesel production. The company's business areas include alcohol plants, where it has developed HiFerm fermentation systems for alcohol production, capable of handling a variety of raw materials. It runs a plant for processing raw materials and developing wastewater treatment systems.

In the field of fuel ethanol plants, Praj Industries Limited develops Ecomol Molecular Sieve Plants. In the biodiesel plants segment, the company creates complexes capable of producing biodiesel and bioethanol. It also engages in plant engineering for the brewery industry, specifically designing brewery plants. The company mainly caters to industrial clients, which also include Public Sector Undertaking (PSU) companies and conglomerates.

The company has established a presence in more than 100 countries with over 1,000 references worldwide. It conducts its operations across 16 locations including both plants and offices. It runs 5 plants in India and has 4 offices. These plants are located in Sanaswadi, Urawade (Maharashtra) and Kandla (Gujarat).

Praj Industries Limited operates 3 offices outside India. In terms of market reach, the company serves customers in 23 states in India and extends its presence to 40 countries on the global front. In the international market, Praj Industries is a major player in its vertical. The UK's largest fuel ethanol plant for Vivergo Fuels with a production capacity of 1.2 million litres per day has implemented Praj technology. The company has also commissioned a vodka-grade beverage alcohol plant in Poland, incorporating energy-saving Ecosmart technology.

Praj collaborates with customers across Europe with references in several countries including the UK, Poland, Belgium, Hungary, Germany and Bulgaria. In the Americas, Praj Industries Limited also achieved 100% fulfilment of Colombia's fuel ethanol programme through the installation of ethanol production plants. The company also has references in Argentina, Peru, Guatemala, Mexico and many nations in South and Central America. Praj also operates an office in Houston, Texas, catering to its clientele in the United States.

The R&D centre of the company Praj Matrix serves as its backbone for technology development. The centre, located in Pune, is actively involved in the development of various renewable fuels and chemicals.

Praj Industries Limited has many subsidiaries. Some of the notable ones are Praj Engineering and Infra Limited in India, Praj HiPurity Systems Limited in India, Praj Americas Inc in the US, Praj Far East Co. Ltd. in Thailand and Praj Far East Philippines Limited Inc. in the Philippines. In FY23, the company also established a wholly-owned domestic subsidiary Praj GenX Limited.

Financial Highlights

The company’s consolidated revenue from operations in FY23 stood at ₹3,528 crore, up 50.5% compared to ₹2,343.27 crore in FY22. The net profit in FY23 stood at ₹239.79 crore compared to ₹150.2 crore in FY22. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹318 crore in FY23 compared to ₹205.8 crore in FY22. The company's earnings per share (EPS) stood at ₹13.05 in FY23 compared to ₹8.18 in FY22.

Praj Industries Key indicators

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52 week high

₹711.70

52 week low

₹365.95

P/E ratio

45.41

P/B ratio

8.61

ROE

24.16%

ROCE

31.77%

Dividend yield

0.95%

Debt/Equity ratio

EPS

12.93

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Investment checklist: (4/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

83%

Hold

17%

Sell

0%

This analysis is based on the reviews of 6 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

10.67%

Net profit margin

7.45%

ROE

24.16%

ROA

10.54%

ROCE

31.77%

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Praj Industries Shareholder returns

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1 day

+8.04%

1 week

+28.10%

1 month

+36.96%

3 months

+50.69%

1 year

+75.82%

3 years

+81.45%

5 years

+397.24%

Praj Industries Share Price history

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DayOpenCloseDay’s change
Fri, Jun 14 2024
₹688.00
₹700.15
+2.11%
Thu, Jun 13 2024
₹640.30
₹685.70
+8.04%
Wed, Jun 12 2024
₹624.00
₹634.70
+2.61%
Tue, Jun 11 2024
₹595.00
₹618.55
+3.58%
Mon, Jun 10 2024
₹594.00
₹597.20
+1.15%
Fri, Jun 7 2024
₹536.30
₹590.40
+10.29%
Thu, Jun 6 2024
₹530.00
₹535.30
+3.45%
Wed, Jun 5 2024
₹520.00
₹517.45
+0.20%

Shareholding info

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Promoters (32.81%)

Mutual Funds (13.01%)

Retail and other (34.64%)

Foreign institutions-FII (18.87%)

Other domestic institutions (0.68%)

Retail and other

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Events

Corporate actions

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  • Dividend • ₹4.5/share

    Ex date 19 Jul 2023

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  • Dividend • ₹2.7/share

    Ex date 27 Jul 2022

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  • Dividend • ₹1.5/share

    Ex date 27 Jul 2022

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