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PRAJ INDUSTIRES :- 30th june 2024




STOCK : PRAJ INDUSTRIES LTD.   NSE : PRAJINDWEBSITE : WWW.PRAJ.NET CMP : 728.65 RS/- PER SHARE MARKETCAP : 13394 CR P/E RATIO : 47.3        ROCE : 30.2 %ROE : 24.1 % DOE : 0.13(ALL MOST DEBT COMPANY)

ROIC : 22.2 POSITIVE POINTS FOR  : Annual Net Profit  rose 18.17% in the last year to ₹283.36 Cr. Its sector's average net profit growth for the last fiscal year was 23.09%. Debt to Equity Ratio is zero as the company is debt-free. Mutual Fund Holding increased by 1.06% in the last quarter to 13.01. Interest Coverage Ratio is 44.06, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT). Quarterly Revenue rose 1.45% YoY to ₹1,029.99 Cr. Its sector's average revenue growth YoY for the quarter was 11.53%.Quarterly Net profit rose 4.34% YoY to ₹91.93 Cr. Its sector's average net profit growth YoY for the quarter was 24.54%. Price to Earning Ratio is 47.27, lower than its sector PE ratio of 74.76.

Return on Equity(ROE) for the last financial year was 22.23%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.

 

COMPANY IS INTO : Praj Industries is engaged in the business of process and project engineering.

 

SALES WENT DOWN IN 2024 COMPARED TO 2023 , BUT THE PAT HAS INCRESED THIS DUE THE OPM% THEY INJOYED MUCH HIGER THEN THE PREVIOUS COUPLE OF YEARS , THIS SHOWS THE CONFIDENCE IN THE PRODUCT DELIVERY AND COMMAND BY THE MANAGEMENT  .


PRAJ INDUSTRIES , 278 RS PER SHARE .THE STOCK GAVE A GREAT CONSOLIDATION BREAKOUT , AND RELATIVE STRENGTH IS ALSO SHOWING ITZ OUT PERFORMING THE BENCHMARKET THAT IS (NIFTY) . YTA SYSTEM CLEARLY SUPPORTS THE TECHNICAL PART , AFTER THE BREAKOUT WITH RISING VOLUMES .

 

 

PE RATIO = 47.35 YEAR PROFIT GROTH = 36%3 YEAR PROFIT GROWTH = 52%WITH 5 YEAR AND 3 YEAR PROFIT GORWTH THE COMPANY LOOKS UNDERVALUED . DISCLAIMER: This document is created for educational and informational purposes only and should NOT be construed as a Buy/Sell recommendation, investment advice or a research report. Although the document accurately reflects the personal views of the authors, there may be manual/ human errors in the document. The authors may also have equity shares in the companies mentioned in this report. Investor is advised to consult his/her investment advisor and undertake further due diligence before making any investment decision in the companies mentioned. Authors are not liable for any financial gains or losses due to investments made as per the information written in this document.

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