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Prajay Engineers Syndicate Ltd. Stock Analysis

Small Cap
Evaluated by 157 users | BSE: 531746 | NSE: PRAENG |
Construction - Real Estate
Prajay Engineers Syndicate was incorporated in 1986 and is based in Hyderabad, India. The company is engaged in the development and construction of residential and commercial properties in Hyderabad and Secunderabad, India. The company commenced operations in the real estate sector by building...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.34%0.65%-0.5%0.39%-0.12%-2.37%-1.82%-1.3%-0.85%-0.3%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 83.487.477.513781.955.872.752.336.646.8
Y-o-Y Gr. Rt.-4.9%-11.3%76.7%-40.2%-31.9%30.3%-28.1%-29.9%27.8%
Adjusted EPS (Rs.) 0.420.03-0.920.29-0.23-3.39-3.54-3.04-2.78-1.85
Y-o-Y Gr. Rt.--92.9%-3166.7%NA-179.3%NANANANANA
Book Value per Share (Rs.) 128.8295.7594.9295.2194.929189.9886.984.1282.26
Adjusted Net Profit 20.2-6.52-1.6-23.7-24.7-21.3-19.5-12.9
Net Op. Cash Flow (Rs. Cr.) -66.23.712.161.927.6-9.95155.731.833.9
Debt to Cash Flow from Ops -3.9268.7419.112.836.26-18.353.122.945.043.24
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Prajay Engineers Syndicate Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -6.2%-10.6%-13.7%27.8%
Adjusted EPS -217.9%NANANA
Book Value per Share -4.9-2.8-3-2.2
Share Price 4% -1.9% -17.2% -5.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.330.03-0.970.3-0.24-3.64-3.91-3.44-3.26-2.22
Operating Profit Margin (%) 23.3318.647.616.92-10.56-25.33-12.72-4.33-4.231.95
Net Profit Margin (%) 2.440.25-8.331.48-1.96-42.47-34.02-40.73-53.18-27.67
Debt to Equity 0.420.380.350.260.260.290.250.270.270.19
Working Capital Days 3,4803,5674,2422,1833,1414,5583,4314,6516,6125,095
Cash Conversion Cycle 2,2062,3102,7551,6511,7082,4301,7542,5453,7252,735
Entity Percentage Holding
Promoters 32.87%
Non-Institutions 67.13%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Prajay Engineers Syndicate Ltd.'s performance infers:

Prajay Engineers Syndicate Ltd. earnings have grown by 0%, whereas share price has depreciated -1.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Prajay Engineers Syndicate Ltd. share prices over the last 10 years. Here is what we found out:

Prajay Engineers Syndicate Ltd. share price has depreciated -10.1% annually over the past ten years.

Prajay Engineers Syndicate was incorporated in 1986 and is based in Hyderabad, India. The company is engaged in the development and construction of residential and commercial properties in Hyderabad and Secunderabad, India.

The company commenced operations in the real estate sector by building low cost residential buildings. It then diversified into high-end apartments, commercial complexes, hospitality ventures, malls, IT parks and large format high-end integrated townships. The company

Prajay Engineers Syndicate was incorporated in 1986 and is based in Hyderabad, India. The company is engaged in the development and construction of residential and commercial properties in Hyderabad and Secunderabad, India.

The company commenced operations in the real estate sector by building low cost residential buildings. It then diversified into high-end apartments, commercial complexes, hospitality ventures, malls, IT parks and large format high-end integrated townships. The company has a strong pipeline of ongoing and future projects to cater to a range of segments. This apart, it has international affiliation.

Business terms of all projects are transparent, and projects are completed within stipulated timelines consistently – enough to merit a good credit rating from banks and financial institutions (FIs).

In its 20 years experience, Prajay has delivered over 75 projects and developed over 5 million square feet. The company aims to invest around Rs 5,000-6,000 million in the coming years to develop the hospitality segment, create 1,000-room capacity by 2011 in the 5-star, 4-star and 3-star business class categories and focus on the residential segment, which currently accounts for 84 percent of the total area under development.

Business portfolio:

Construction

  • Farmhouses
  • Housing
  • IT Parks
  • Townships
  • Office Spaces
  • Malls

Land

Hospitality

  • Clubs
  • Hotels
  • Resorts

Foundations

  • Promoted by Chandra Mohan Reddy, Vijay Sen Reddy and Ravinder Reddy
  • High reputation in construction industry in Hyderabad
  • Focus on quality, timely delivery and innovation in design
  • More than 75 projects successfully executed
  • Track record of completing projects on scheduled and budgets
  • Assistance in finance arrangements for the customers leading to increased revenues
  • Credit rating of A+ and above from the FIIs

Milestones

1986

  • Prajay incorporated

1994

  • Became a Public Listed Company

2005

  • Raised $15 million through FCCB route

2006 

  • Commenced work on an IT Park SEZ
  • Launched Mega Township Project
  • Began the process of setting up India’s first auto mall in Hyderabad
  • Raised $60 million through FCCB route
  • Signed a joint venture with Sunway Group, Malaysia

2007

  • Launched Celebrity Villas
  • Closed the transaction of $36 million as SPV-based project equity funding from a leading investment banker for Prajay Virgin County.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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