Praj Industries
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Praj Industries

316.40
+0.20
(0.06%)
Market Cap
₹5,815.85 Cr
PE Ratio
59.59
Volume
6,39,198.00
Day High - Low
₹325.80 - ₹315.05
52W High-Low
₹875.00 - ₹315.15
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Key Fundamentals
Add Ratio
split_icon_default
Market Cap
5,815.85 Cr
EPS
11.91
PB Ratio
4.83
Book Value
70.79
EBITDA
375.70
Dividend Yield
1.75 %
ROE Growth %
-
Debt to Equity
0.14
Analyst Rating and Forecast
- By Refinitiv from8 analysts
HOLD
Analysts have suggested that investors can hold this stock
Buy
Buy+25.00 %
+25.00 %
Hold
Hold+62.50 %
+62.50 %
Sell
Sell+12.50 %
+12.50 %
Forecast For
Actual

Company News

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neutral
Praj Industries reported consolidated revenue of Rs. 8.42 billion in Q2 FY26 versus Rs. 8.16 billion in Q2 FY25. However, profit before tax declined significantly to Rs. 296.1 million from Rs. 744.4 million, while profit after tax dropped to Rs. 192.8 million from Rs. 538 million year-over-year. The company faces challenges in domestic ethanol segment due to India achieving its EBP20 target and current production capacity meeting requirements. International business is impacted by US tariff scenarios. Order intake for the quarter was Rs. 8.1 billion with 73% from domestic market, comprising 71% from bioenergy, 16% from engineering, and 13% from PHS business. Order backlog stands at Rs. 44.2 billion as of September 30, 2025. The company is pivoting GenX facility strategy toward oil and gas markets due to stalled energy transition projects. Praj successfully commissioned its first alcohol-to-jet SAF demo plant and is executing its first low carbon ethanol project in the USA. Cash in hand is Rs. 4.37 billion.
negative
Praj Industries reported Q2 consolidated net profit of 193 million rupees, down from 538 million rupees in the same quarter last year. Revenue increased to 8.42 billion rupees from 8.16 billion rupees year-over-year. EBITDA declined significantly to 320 million rupees from 862 million rupees, while EBITDA margin compressed to 3.81% from 10.56% in the previous year.
positive
Praj Industries has developed a low-carbon solution that is expected to significantly reduce carbon emissions at Aemetis' California ethanol facility. The solution targets environmental impact reduction in ethanol production operations.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
5,358.50
#1 35,920.52
105.58
2,828.70
52.04
293
101.66
19.63
35,510.00
31,396.25
59.49
#1 4,371.70
4.06
#1 524
3.82
48.20
983.90
22,376.16
65.16
1,832.20
36.23
316
12.65
53.18
1,519.90
17,816.55
99.77
3,122.90
11.69
351
-70.05
48.66
15,082.00
16,112.10
139.01
3,136.70
-35.18
103
66.94
44.14
813.05
15,648.30
69.84
3,836.10
19.42
184
67.00
45.15
1,935.10
12,875.28
54.09
1,681.80
11.02
200
#1 523.61
52.48
491.20
11,022.52
#1 23.09
2,287.00
15.42
415
0.00
34.14
9,237.00
6,273.26
196.42
1,426.60
-3.09
43
-72.50
59.23
52.07
6,067.22
46.94
869.90
#1 98.40
108
100.00
32.66
Growth Rate
Revenue Growth
-6.72 %
Net Income Growth
-22.76 %
Cash Flow Change
-78.45 %
ROE
-28.74 %
ROCE
-24.33 %
EBITDA Margin (Avg.)
-6.62 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
323
201
207
295
337
201
203
224
306
189
210
250
285
195
256
338
376
220
301
306
301
135
265
353
571
391
539
591
838
737
887
919
1,020
749
893
838
1,030
739
830
867
871
649
847
Expenses
266
181
195
248
285
190
191
198
263
183
198
232
243
184
237
302
329
204
278
275
264
143
243
308
492
356
486
535
753
676
813
825
896
661
798
731
888
607
730
780
786
609
786
EBITDA
57
20
12
48
52
11
12
25
42
7
12
18
41
11
19
35
47
16
24
31
37
-8
22
45
79
36
53
56
86
61
74
94
125
88
95
107
142
132
100
87
86
40
61
Operating Profit %
13 %
9 %
4 %
15 %
14 %
3 %
3 %
10 %
13 %
2 %
5 %
7 %
11 %
4 %
6 %
8 %
11 %
4 %
6 %
8 %
11 %
-10 %
7 %
11 %
13 %
8 %
9 %
9 %
9 %
8 %
8 %
9 %
11 %
10 %
10 %
12 %
13 %
13 %
11 %
9 %
9 %
5 %
7 %
Depreciation
10
6
6
6
6
6
6
5
5
6
6
6
6
6
6
6
5
6
6
6
5
6
6
6
5
5
5
5
7
6
7
7
10
9
9
11
15
20
21
23
22
25
27
Interest
1
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
4
4
5
5
4
5
5
5
Profit Before Tax
46
13
5
41
46
5
6
20
37
1
6
12
35
5
13
29
41
10
17
24
32
-15
16
39
73
30
47
50
78
54
66
86
113
78
85
92
123
107
74
59
58
10
30
Tax
10
5
1
11
7
1
3
5
14
0
1
4
8
1
4
7
8
1
1
4
7
-4
4
11
21
8
13
13
20
13
18
24
25
19
22
22
31
23
21
18
18
4
10
Net Profit
37
9
5
30
39
4
3
15
23
0
5
8
27
4
9
22
33
9
16
21
25
-11
11
28
52
22
33
37
58
41
48
62
88
59
62
70
92
84
54
41
40
5
19
EPS in ₹
2.07
0.49
0.28
1.71
2.16
0.23
0.17
0.82
1.28
0.02
0.27
0.42
1.49
0.19
0.49
1.24
1.83
0.48
0.88
1.13
1.36
-0.57
0.62
1.54
2.84
1.21
1.82
2.02
3.14
2.25
2.62
3.39
4.80
3.19
3.40
3.83
5.00
4.58
2.93
2.23
2.17
0.29
1.05

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
1,144
1,162
1,187
1,133
1,247
1,162
1,594
2,213
2,619
2,895
3,160
Fixed Assets
302
310
270
297
290
294
284
286
317
474
567
Current Assets
815
817
835
790
861
780
1,235
1,841
2,182
2,224
2,430
Capital Work in Progress
1
1
32
4
2
2
1
2
7
43
18
Investments
148
126
134
201
211
164
335
463
543
497
428
Other Assets
693
724
752
631
744
702
975
1,462
1,752
1,881
2,147
Total Liabilities
1,144
1,162
1,187
1,133
1,247
1,162
1,594
2,213
2,619
2,895
3,160
Current Liabilities
494
487
462
391
485
409
764
1,265
1,501
1,459
1,605
Non Current Liabilities
12
13
16
16
16
32
27
32
40
162
174
Total Equity
637
661
710
727
746
720
803
916
1,078
1,275
1,382
Reserve & Surplus
587
626
674
690
709
683
765
879
1,041
1,238
1,345
Share Capital
36
36
36
36
37
37
37
37
37
37
37

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
33
-15
9
8
-14
-18
55
6
-9
70
-43
Investing Activities
-77
2
-8
-69
-3
66
-164
-124
-78
-6
75
Operating Activities
150
51
20
101
33
15
225
175
162
199
43
Financing Activities
-40
-68
-4
-25
-43
-98
-6
-44
-93
-124
-161

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
32.91 %
32.85 %
32.83 %
32.83 %
32.83 %
32.83 %
32.82 %
32.87 %
32.82 %
32.82 %
32.82 %
32.81 %
32.81 %
32.81 %
32.81 %
32.81 %
32.81 %
32.81 %
32.81 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
18.87 %
18.55 %
19.03 %
18.63 %
17.16 %
16.86 %
17.52 %
DIIs
14.75 %
6.86 %
6.70 %
8.27 %
8.78 %
9.92 %
10.22 %
7.69 %
7.84 %
7.62 %
9.23 %
12.13 %
13.69 %
16.66 %
17.34 %
18.20 %
19.51 %
17.44 %
14.84 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
27.51 %
34.56 %
33.50 %
32.44 %
34.73 %
33.01 %
31.80 %
33.73 %
33.38 %
32.51 %
32.16 %
30.37 %
28.71 %
26.43 %
25.79 %
25.52 %
25.78 %
28.20 %
30.21 %
Others
24.83 %
25.73 %
26.97 %
26.46 %
23.66 %
24.23 %
25.16 %
25.71 %
25.95 %
27.05 %
25.78 %
24.69 %
5.93 %
5.55 %
5.04 %
4.85 %
4.75 %
4.70 %
4.62 %
No of Share Holders
99,690
2,00,612
2,03,249
2,07,586
2,79,057
2,76,096
2,61,294
2,79,331
2,83,459
2,77,224
2,96,931
3,14,475
3,24,849
3,27,689
3,49,924
3,53,099
3,51,432
3,86,468
4,03,110

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 1.62 1.62 2.12 2.7 2.16 4.2 4.5 6 6
Dividend Yield (%) 0.00 2.02 1.04 3.85 1.39 0.54 1.28 0.84 1.08 1.9

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
05 Aug 2021 DIVIDEND Dividend
2.16 /share
03 Aug 2021 254.80 386.05
29 Jul 2022 DIVIDEND Dividend
1.50 /share
27 Jul 2022 339.80 391.90
29 Jul 2022 DIVIDEND Dividend
2.70 /share
27 Jul 2022 339.80 391.90
20 Jul 2023 DIVIDEND Dividend
4.50 /share
19 Jul 2023 355.95 423.80
26 Jul 2023 ANNUAL GENERAL MEETING Annual General Meeting
NA
26 Jul 2023 355.95 414.90
18 Jul 2024 DIVIDEND Dividend
6.00 /share
18 Jul 2024 510.90 717.70
25 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
25 Jul 2024 510.90 713.75
25 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
25 Oct 2024 802.45 740.50
30 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Jan 2025 740.00 661.05
29 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Apr 2025 517.75 513.80
04 Aug 2025 DIVIDEND Dividend
6.00 /share
04 Aug 2025 513.80 469.05
11 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
11 Aug 2025 467.25 448.05
11 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
11 Aug 2025 491.70 448.05
05 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 Nov 2025 337.95 338.75

Announcements

Announcement under Regulation 30 (LODR)-Investor Presentation4 hours ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 06, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 06, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 05, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 05, 2025
Un-Audited Financial Results (Standalone & Consolidated) For The Quarter & Half Year Ended 30.09.2025Nov 05, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 31, 2025
Board Meeting Intimation for Approval Of Un-Audited Financial ResultsOct 28, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 07, 2025
Closure of Trading WindowSep 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 22, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 10, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 05, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 18, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 18, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateAug 13, 2025
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sAug 13, 2025
IntimationAug 13, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 12, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 12, 2025
Proceedings Of 39Th Annual General Meeting Held On 11Th August 2025Aug 12, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 11, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 11, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateAug 11, 2025
Un-Audited Financial Results (Standalone & Conso) For Quarter Ended 30Th June 2025.Aug 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 05, 2025
Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended 30Th June 2025Aug 01, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 21, 2025
Business Responsibility and Sustainability Reporting (BRSR)Jul 15, 2025
Notice Of 39Th Annual General Meeting Of Praj Industries Ltd.Jul 15, 2025
Reg. 34 (1) Annual Report.Jul 15, 2025
Intimation Of Record Date For The Purpose Of Final Dividend For The Financial Year 2024-25.Jul 15, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateJul 01, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateJul 01, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateJun 30, 2025
Closure of Trading WindowJun 27, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJun 26, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateJun 26, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJun 13, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 05, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)Jun 04, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 03, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 16, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 06, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Aditya Birla Sun Life Multi-Cap Fund Direct-Growth
0.00%
-400005
-0.20%
-0.52%
Franklin India Small Cap Fund Direct-Growth
0.27%
-287785
-0.08%
-0.14%
LIC MF Small Cap Fund Direct - Growth
0.00%
-153797
-0.80%
-1.00%
DSP Business Cycle Fund Direct - Growth
0.00%
-127317
-0.37%
-0.44%
Mirae Asset Flexi Cap Fund Direct - Growth
0.22%
-32256
-0.04%
-0.10%
Sundaram Infrastructure Advantage Fund Direct-Growth
0.40%
-20000
-0.07%
-0.16%
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth
0.20%
2323
0.00%
-0.06%
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth
0.20%
2138
0.00%
-0.05%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct - Growth
1.15%
872
-0.01%
-0.20%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth
0.20%
727
0.00%
-0.05%
Bandhan Balanced Advantage Fund Direct-Growth
0.06%
-672
0.00%
-0.02%
Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth
0.19%
474
0.00%
0.03%
HDFC Nifty Smallcap 250 Index Fund Direct-Growth
0.20%
370
0.00%
-0.06%
Motilal Oswal Nifty 500 Index Fund Direct - Growth
0.02%
277
0.00%
-0.01%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth
0.20%
202
0.00%
-0.05%
SBI Nifty 500 Index Fund Direct-Growth
0.02%
-160
0.00%
-0.01%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Direct - Growth
0.35%
110
-0.01%
-0.08%
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct-Growth
0.21%
-102
0.00%
-0.06%
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth
0.05%
-91
0.00%
-0.01%
Kotak Nifty Smallcap 250 Index Fund Direct-Growth
0.20%
78
0.00%
-0.06%
Groww Nifty Smallcap 250 Index Fund Direct - Growth
0.20%
72
0.00%
-0.05%
HDFC Nifty500 Multicap 50:25:25 Index Fund Direct-Growth
0.05%
-71
0.00%
-0.01%
SBI Nifty Smallcap 250 Index Fund Direct - Growth
0.20%
-46
0.00%
-0.06%
ICICI Prudential Nifty 500 Index Fund Direct-Growth
0.02%
32
0.00%
0.00%
Groww Nifty Total Market Index Fund Direct - Growth
0.02%
15
0.00%
0.00%

Technical Indicators

RSI(14)
Neutral
33.27
ATR(14)
Volatile
8.56
STOCH(9,6)
Oversold
17.20
STOCH RSI(14)
Neutral
24.62
MACD(12,26)
Bearish
-0.78
ADX(14)
Weak Trend
16.53
UO(9)
Bearish
30.54
ROC(12)
Downtrend And Accelerating
-5.72
WillR(14)
Oversold
-96.80

About Praj Industries

Praj Industries Limited is an Indian industrial biotechnology company founded in 1985. It specializes in bioprocesses and engineering, providing solutions for the distillery industry and other sectors. The company offers technology, engineering design, equipment, project management, and turnkey projects for bioethanol, biodiesel, wastewater treatment, and brewery operations. Praj has expanded globally, with projects in various countries and subsidiaries in multiple nations. The company has developed several innovative technologies, including BIOSYRUP, EcoCool, MAXIMOL, Celluniti, and enfinity. Praj is involved in renewable transportation fuels, chemicals, and materials through its BioMobility and Bio-Prism platforms. It has also ventured into critical process equipment for industries such as petrochemicals and LNG. The company has commissioned significant projects, including India's first 2G ethanol plant and Asia's largest syrup-to-ethanol plant.
Chairperson NamePramod Chaudhari