Praj Industries Ltd Stock Analysis

BSE: 522205 | NSE: PRAJIND | Engineering - Industrial Equipments | Mid Cap

BSE Share Price 25-Nov-2022 18:01
389.55 0.20 (0.05%)

DeciZen - Make an Informed Decision on Praj Industries

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Praj Industries Price Chart

P/E Ratio (CD) :
38.94
Market Cap :
7,156.5 Cr.
52-wk low :
289.1
52-wk high :
461.5
Bole Toh?

1. Is Praj Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Praj Industries Ltd is a average quality company.

2. Is Praj Industries Ltd undervalued or overvalued?

The key valuation ratios of Praj Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Praj Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Praj Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Praj Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Praj Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.1%9.9%10.1%12.5%6.1%5%7.8%9.1%10.3%16.2%-
Value Creation Index -0.1-0.3-0.3-0.1-0.6-0.6-0.5-0.4-0.30.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9499329951,0798129641,0761,1061,3132,2133,021
YoY Gr. Rt. %--1.8%6.7%8.4%-24.7%18.7%11.7%2.8%18.7%68.6%-
Adj EPS 4.13.43.64.62.323.13.54.27.510
YoY Gr. Rt. %--16.3%4.4%29%-49.6%-15.6%59.5%13.5%17.6%80.7%-
BVPS (₹) 32.232.835.136.539.339.940.739.243.749.750.4
Adj Net Profit 7260.462.981.541.435.356.864.776.1138184
Cash Flow from Ops. 28.3-3.515051.120.21013314.7225175-
Debt/CF from Ops. 0.6-6.20.10.30.20.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.9%22.2%27.2%68.6%
Adj EPS 7.1%26.6%34.1%80.7%
BVPS 54.86.913.8
Share Price 22.9% 27.5% 54.1% 22.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 12.810.510.512.86.14.97.78.8101620
Op. Profit Mgn % 9.69.48.610.68.55.47.77.18.68.87.9
Net Profit Mgn % 86.76.57.65.13.75.35.95.86.26.1
Debt to Equity 00000000000
Working Cap Days 262291247201284230202211204176197
Cash Conv. Cycle 75861027972554963584660

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.00%

Sales growth is growing at healthy rate in last 3 years 27.16%

Net Profit is growing at healthy rate in last 3 years 34.10%

Sales growth is good in last 4 quarters at 67.04%

No data to display

Latest Financials - Praj Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 12 10
TTM Sales (₹ Cr.) 2,718 3,021
BVPS (₹.) 50.8 50.4
Reserves (₹ Cr.) 896 890
P/BV 7.67 7.73
PE 32.40 38.94
From the Market
52 Week Low / High (₹) 289.05 / 461.50
All Time Low / High (₹) 0.20 / 461.50
Market Cap (₹ Cr.) 7,157
Equity (₹ Cr.) 36.7
Face Value (₹) 2
Industry PE 21.8

Management X-Ray of Praj Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Praj Industries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Praj Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Praj Industries on 25-Nov-2022 18:01 is : 389.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Nov-2022 18:01 the market cap of Praj Industries stood at ₹ 7,156.5.
The latest PE ratio of Praj Industries as of 25-Nov-2022 18:01 is 32.40.
The latest PB ratio of Praj Industries as of 25-Nov-2022 18:01 is 7.67
The 52-week high of Praj Industries is ₹ 461.5 and the 52-week low is ₹ 289.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Praj Industries is ₹ 2,718 ( Cr.) .

About Praj Industries Ltd

Praj Industries was set up in 1984 with a vision to deliver cutting edge technologies to distillery industries. It is leading biofuel Technology Company providing number of processes and systems for ethanol and biodiesel productions. It is a globally leading Company with over 600 references in more than 60 countries across 5 continents, Praj has acquired an international reputefor responsible and reliable solutions.

Business

Alcohol Plants- For alcohol productions its has developed HIFERM fermentation systems that is developed to handle variety of raw materials. It also develops a plant that handles raw materials to developing wastewater treatment systems.

Fuel Ethanol Plants- It develops Ecomol Molecular Sieve Plants that provide consistent quality products, minimum consumption of energy, maximum alcohol recovery and automation and control system.

Water & Wastewater Treatment Plants - Praj offers integrated water & wastewater treatment systems and has already made a beginning in the industrial sector with a wide range of solutions. This vertical addresses industrial applications for high quality water, complex effluent treatment including recycle and reuse and zero liquid discharge plants.

Bio Diesel plants- It develops complexes that can produce biodiesel and bioethanol.

Brewery Plants- It does plant engineering for brewery industries.

Recognition

2013

  • Mr. Pramod Chaudhari received the prestigious BioSpectrum Leadership Award 2013 for his contribution to the biofuels industry through technological innovations.
  • Pramod Chaudhari honored with the Lifetime Achievement Award 2013 by the Sugar Technologists Association of India
  • In March 2013, Praj received the ABLE (Association of Biotechnology Led Enterprises) Tenth Anniversary Award under the ‘BioIndustrial’ category for its efforts and contribution towards Industrial Biotechnology
  • Pramod Chaudhari receives Maxell Lifetime Achievement Award 2013

2012

  • In Decebmer 2012, Praj Matrix bagged the 'Green Innovation Award' for Outstanding Research in the field of Green Chemistry & Engineering
  • In October 2012, Praj receives the MCCIA- B. G. Deshmukh 'Innovation in Corporate Social Responsibility Award 2012'
  • In May 2012,  Praj received the EPCES Export Award  or outstanding export performance during the year 2009-10 from the Category-II Product Specific SEZ - MSME.
  • Praj/DBS Team wins the Safety Performance Award for the Month of April 2012 at Illovo project site.
  • In March 2012,  Kandla SEZ Unit receives Highest Export award  for the year 2012-2011 under the category of Engineering and Metallurgical Products.
  • Praj was conferred with Bio-Excellence Award 2012 for the 2nd time in February 2012 for outstanding contribution to BioIndustrial Sector.

2011

  • In March 2011, Pramod Chaudhari bestowed with Pune's Pride award for his excellence in corporate world

2010

  • In September 2010, Praj was honored with EEPC 'Gold Trophy' Third time is a row for exceptional performance in exports for the year 2008-2009

Praj Industries is among 14 Indian Companies which are members of 125 GGC forum.

It has been acknowledged by  Business Standard and by Business World – Boston Consulting Group as best value creator.

Milestones

2013

  • Mr. Pramod Chaudhari received the prestigious BioSpectrum Leadership Award 2013 for his contribution to the biofuels industry through technological innovations.
  • Pramod Chaudhari honored with the Lifetime Achievement Award 2013 by the Sugar Technologists Association of India
  • In March 2013, Praj received the ABLE (Association of Biotechnology Led Enterprises) Tenth Anniversary Award under the ‘BioIndustrial’ category for its efforts and contribution towards Industrial Biotechnology
  • Pramod Chaudhari receives Maxell Lifetime Achievement Award 2013


2012

  • In Decebmer 2012, Praj Matrix bagged the 'Green Innovation Award' for Outstanding Research in the field of Green Chemistry & Engineering
  • In October 2012, Praj receives the MCCIA- B. G. Deshmukh 'Innovation in Corporate Social Responsibility Award 2012'
  • In May 2012,  Praj received the EPCES Export Award  or outstanding
  • export performance during the year 2009-10 from the Category-II Product Specific SEZ - MSME.
  • Praj/DBS Team wins the Safety Performance Award for the Month of April 2012 at Illovo project site.
  • In March 2012,  Kandla SEZ Unit receives Highest Export award  for the year 2012-2011 under the category of Engineering and Metallurgical Products.
  • Praj was conferred with Bio-Excellence Award 2012 for the 2nd time in February 2012 for outstanding contribution to BioIndustrial Sector.

2011 

  • Praj manufacturing gets ISO 14001 certification 
  • Praj gets OHSAS 18001 certification 

2010 

  • Praj ventures into Water & Water Treatment Solutions 
  • Commissioned bio-ethanol plant for Biowanze, Belgium 
  • Praj installs ‘Grain to Ethanol’ Pilot Plant at Praj Matrix-The R&D Center 

2009 

  • Praj inaugurated the Cellulosic Ethanol Pilot Plant at Praj Matrix at Urawade. The pilot plant is capable of producing ethanol from corn cob and sugarcane baggase under varying operating conditions. It is a break-through in cellulosic biomass to ethanol technology at pilot scale 
  • Praj entered into Customized Engineering & Manufacturing Sector 
  • Praj receives ISO 9001-2008 status 
  • Praj entered into Energy Crop Agri-Solution Business 

2008 

  • Praj sets up JV in Brazil with Jaragua Equipamentos called Praj Jaragua Bioenergia SA. 
  • Praj technology selected for the largest European Plant for Vivergo Biofuels 
  • Praj inaugurated the state-of-the-art R&D facility, Praj Matrix the innovation center focusing on second/third generation biofuels. 

2007 

  • Praj and Aker Solutions JV company established (BioCnergy Europa B.B.) in The Netherlands. 
  • Praj received orders to install Cassava based plants in Thailand. 
  • Aker Solutions and Praj win contract for world-scale bioethanol project in the UK. 
  • 5th Manufacturing facility in Kandla (SEZ), India commissioned for bioethanol and biodiesel manufacturing units. 
  • Praj received orders to install Cassava based plants in Thailand. 
  • UKs first plant based on Praj process plant inaugurated. 

2006 

  • All five large sized ethanol plants in Colombia on stream for commercial production from March 2006 onwards. 
  • Breakthrough in European Market - received contract from British Sugars. 
  • Breakthrough in US market. Receives two major contracts to install large size ethanol plants. 
  • Praj was Platinum Sponsor at FO Licht World Ethanol Event, Amsterdam. 
  • Praj expands R&D Center. 
  • Venture Capitalist Vinod Khosla and Marubeni Corporation invests in Praj. 
  • Praj inks alliance with Meura for High Performance Brewery Mash Filters Praj expands Brewery Business. 
  • Praj Bio-ethanol Technology for Belgium. 
  • Skid Mounted Ethanol Plant designed, manufactured and shipped to CSR Australia. 
  • Breakthrough in the USA market. 
  • Praj Industries and Aker Solutions forge a bio-ethanol alliance in Europe. 

2005 

  • Praj commissioned two large size ethanol plants in Colombia. 
  • DSIR honors Praj for exports in in-house R&D based technology. 
  • Exclusive Export Oriented Unit (EOU) established. 
  • Brewery Manufacturing facility near Pune (Sanaswadi, Unit-2) acquired. 
  • Praj acquires worldwide rights for Molecular Sieve based dehydration technology from Delta-T. 
  • ICRA certified Praj as A1+ category company for short term finance. 
  • ESOP (Employees Stock Option Plan) declared. 
  • Praj was the prime (Platinum) sponsor for World Ethanol Event (2005). 
  • Praj sponsors major ethanol events worldwide. 

2002/04 

  • Praj Enters in to Australian Market with First technology and engineering order for green-field Fuel ethanol production plant. 
  • Launch of PRAJ-Matrix - The Innovation Center for advanced applied research in the field of ethanol and brewing process. 
  • Praj opens three new offices overseas - Johannesburg, Bangkok and Sharjah. 
  • Praj commissions South East Asia's first Secondary Juice to Ethanol Plant at Vaidyanath SSK, Pangri, Maharashtra. 
  • Praj is Gold Sponsor to World Ethanol Conference an Annual worldwide yearly conference in London.(2003). 
  • Praj participates in the National Planning Commissions Policy on Biofuels. 
  • Praj develops Sweet Sorghum to Ethanol process. 
  • Praj helps with 1200-1400 acres of pilot cultivation of Sweet Sorghum in India. Trials completed in Australia also. 
  • Praj attains leadership in fuel ethanol plants in India with over 70% market share. 
  • Praj crosses the 1 billion turnover mark. 
  • Received 6 major orders for fuel ethanol in South/Central America. Establishes lead over Brazilian & European Technology Companies in South America. 
  • Praj received ICORE award for the leadership in Biofuels. 
  • Praj's Chairman received Distinguished Alumnus Award from IIT, Mumbai. 
  • Praj commissions a unique wastewater treatment plant in Colombia. This technology was developed in-house. 
  • Praj announces 2004-05 as The Year of Innovation. 
  • Praj is Prime (Platinum) Sponsor to World Ethanol Conference an Annual worldwide yearly conference in London.(2004) 

2000/02 

  • Praj ties up with Delta T Corp, USA for Vapor Phase Molecular Sieve Dehydration plants, for production of Fuel grade ethanol. 
  • The first MSDH plant in India went on stream in May 02. 
  • Praj enters into East European Market with engineering order for a grain-based plant. 
  • Praj launches Multi-feed & Multi-product Ethanol technology for round the year distillery operation. Application engineering completed for Cane juice and Sugar Beet to ethanol process technology. 
  • Praj bags an order for Multi-feed & multi-product plant in Maharashtra, for Vaidyanath SSK. 

1999/00 

  • Praj ventured into South America in 2000. An office was set up in Bogota, Colombia to reach out to South, Central America and Caribbean and partner customers in the region. 
  • In the Year 2000, Praj manufacturing facility was awarded the ISO 9000:2008 and the prestigious ASME U & H stamps for pressure vessels and heating boilers. 
  • Fuel Ethanol, the new driving force in the ethanol industry, has been gaining in its share of motor fuel not only in the Americas where over 60% of fuel ethanol is produced, but also in Australia, Thailand and in India. 
  • Energy saving multi-pressure distillation systems, introduced by Praj, become an Industry Standard. 
  • Praj bags technology & engineering orders in South America and the Caribbeans. 

1996/99 

  • Praj restructures with an aim to streamline the Company's operations and achieve greater focus in its strong technologies. 
  • Praj increased its focus on its primary lines like ethanol technology and equipment, brewery engineering, fruit processing industry. 
  • Praj commissions several grain based ethanol plants in India. 

1993/95 

  • Going Public and Listing on the Stock Exchanges in India, which was oversubscribed 7 times.
  • Praj also decided to spread its presence in the international market. 
  • The first international order from Indonesia for multi-pressure distillation was contracted. It also incorporated the patented self-cleaning Flubex evaporator for concentration of distillery spent-wash. 
  • Order from the Philippines amidst global competition was contracted for multi route plants. Praj continues to score in the South East Asian Markets. 

1991/93 

  • On the technical front, Praj undertook in-house development of Non-molasses (Starch based) technology and engineering for grains and tubers in 1993. Whilst in India most alcohol is produced from cane molasses route, Praj realized the importance of grains and tubers in the production of alcohol, a prevalent practice in the west. 
  • Molasses was decontrolled and the entire industry went through a change phase. Grain based distilleries were being looked upon favorably. A dual route system was developed for cane molasses and grains. 
  • At the same time, Praj also drew up a plan to diversify into synergistic fields like Brewery Engineering and plate heat exchangers which would make Praj a full Service Company for technology, process equipment and systems for industries it directly served. 

1989/91 

  • To further its commitment to the Ethanol industry Praj set up an R & D Center dedicated to ethanol production. Recognized by Govt. of India, DSIR, this center is equipped with analytical and instrumental laboratory and fermentation, distillation and effluent treatment pilot plants. 

1987/88 

  • Praj, one of the first Companies to receive Venture Capital from ICICI (now ICICI Ventures).1986 
  • Praj collaborates with Vogelbusch, Austria for Continuous Fermentation Process in India. 
  • Praj develops SPRANNIHILATOR, a zero-pollution system for treatment of distillery effluents. 
  • The system was subsequently given an award for innovative concept. 

1984/85 

  • Inception of PRAJ. Beginning of PRAJ's journey into Agro-based process industry. 
  • Ist Opportunity comes from Siddheswar Sahakari Sakhar Karkhana Ltd. (Solapur).  
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