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Prajay Engineers Syndicate Ltd (PRAENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531746 NSE: PRAENG Construction - Real Estate | Small Cap | Prajay Engg.Syndicat Share Price

₹23.02 1.04 (4.73%)

As on 05-Jun'26 09:55

Prajay Engineers Syndicate Ltd (PRAENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531746 NSE: PRAENG Construction - Real Estate | Small Cap | Prajay Engg.Syndicat Share Price

₹23.02 1.04 (4.73%)

As on 05-Jun'26 09:55

Key Metrics
Valuation Multiples
Market Cap
₹154 Cr.
Current Price
₹23
52-Week Low / High
₹17 / 34
TTM EPS
₹-2.6
TTM Sales
₹23.1 Cr.
Book Value per Share
₹71.6
P/E Ratio
0.00
Industry PE
42.8
Price to Book (P/B)
0.31
Higher than its 5-year historical median
Price to Sales (P/S)
6.67
Higher than its 5-year historical median
EV/EBITDA
-19.77
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-3.73%
Underperforms industry median
Return on Capital Employed (ROCE)
-2.78%
Underperforms industry median
Return on Assets (ROA)
-2.57%
Operating Profit Margin
-46.9%
Net Profit Margin
-50.18%
Gross Profit Margin
-37.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
54.13%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
36.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹431 Cr.
Equity
₹69.9 Cr.
Face Value
₹10
All Time Low / High
₹0.45 / 480.00

Prajay Engineers Syndicate stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Prajay Engineers Syndicate Ltd a good quality company?
Prajay Engineers Syndicate Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Prajay Engineers Syndicate Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Prajay Engineers Syndicate Ltd vs industry peers?
Prajay Engineers Syndicate Ltd revenue CAGR is -4.84%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Prajay Engineers Syndicate Ltd?
Promoters hold 36.80% of the Prajay Engineers Syndicate Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Prajay Engineers Syndicate Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.8% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Prajay Engineers Syndicate Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -1%-0.4%-0%0.2%0.2%0.6%0.7%-0.5%-4.4%-2.8%-
Value Creation
Index
-1.1-1.0-1.0-1.0-1.0-1.0-1.0-1.0-1.3-1.2-

Growth Parameters

Sales 72.752.336.646.849.338.793.129.82538.523
Sales YoY Gr.--28.1%-29.9%27.8%5.4%-21.6%140.6%-67.9%-16.3%54.1%-
Adj EPS -3.5-3-2.8-1.9-0.7-0.4-0.2-1.1-4.5-2.8-2.6
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 9086.984.182.381.781.381.18075.572.771.6
Adj Net
Profit
-24.7-21.3-19.5-12.9-4.6-2.9-1.2-7.6-31.5-19.3-18
Cash Flow from Ops. 5155.731.833.913.86.5-2.83.1-29.33.4-
Debt/CF from Ops. 3.12.953.27.214.7-35.227.6-434.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -6.8%-4.8%-25.5%54.1%
Adj EPS NANANANA
BVPS-2.3%-2.3%-3.6%-3.7%
Share Price 13.1% 13.7% 20% 12.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-3.9-3.4-3.3-2.2-0.8-0.5-0.2-1.3-5.8-3.7-3.6
Op. Profit
Mgn %
-12.7-4.3-4.224.317.27-61-112.9-46.9-92.8
Net Profit
Mgn %
-34-40.7-53.2-27.7-9.4-7.5-1.3-25.4-126.3-50.2-78.3
Debt to
Equity
0.30.30.30.20.20.20.20.20.20.20
Working Cap
Days
3,4314,6516,6125,0954,5385,4972,1355,9796,5293,8153,002
Cash Conv.
Cycle
1,7542,5453,7252,7352,5113,0381,2063,6994,6422,5411,243

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales73523747493993302538
Operating Expenses + 82553846473287485357
Manufacturing Costs88878369118
Material Costs53362230332774162329
Employee Cost 6644313335
Other Costs 15455314201615
Operating Profit -9-2-21276-18-28-18
Operating Profit Margin (%) -12.7%-4.3%-4.2%1.9%4.2%17.2%7.0%-61.0%-112.0%-46.9%
Other Income + 84653121934
Exceptional Items 0000000000
Interest 14161915565420
Depreciation 6654444444
Profit Before Tax -22-19-19-14-4-2-1-7-31-18
Tax 221-1111011
Profit After Tax -25-21-19-13-5-3-1-8-32-19
PAT Margin (%) -34.0%-40.7%-53.2%-27.7%-9.4%-7.5%-1.3%-25.4%-126.0%-50.2%
Adjusted EPS (₹)-3.5-3.0-2.8-1.9-0.7-0.4-0.2-1.1-4.5-2.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Prajay Engg.Syndicat - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 629608588575571569567559528508
Share Capital 70707070707070707070
Reserves 559538518505501499497489458439
Debt +7557656665688185116117
Long Term Debt50232019202326303220
Short Term Debt25344547454554558497
Minority Interest0000000000
Trade Payables2352152182081721641441248661
Others Liabilities 203266299306296295238514740
Total Liabilities 1,1431,1451,1701,1541,1051,0951,030820777727

Fixed Assets

Net Fixed Assets +138134129125122124122118115141
Gross Block144145145145147153154154154183
Accumulated Depreciation6121620252832363842
CWIP 197215236254259258261979975
Investments 133133133133133133133133133133
Inventories362366386365340327270267258235
Trade Receivables2152001991851731751681309864
Cash Equivalents 1444333621
Others Assets 95938389767573687177
Total Assets 1,1431,1451,1701,1541,1051,0951,030820777727

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 51563234147-33-293
PBT -22-19-19-14-4-2-1-7-31-18
Adjustment 312123208109864
Changes in Working Capital 445526295-1-122-417
Tax Paid -2-11-1500-000
Cash Flow From Investing Activity + -17-19-21-18-6-5-5-0-3-6
Capex -17-19-21-18-6-5-5-0-3-6
Net Investments 00-00-000-000
Others 0000000000
Cash Flow From Financing Activity -34-34-11-16-9-280290
Net Proceeds from Shares + 0000000000
Net Proceeds from Borrowing -19-27-3-113342-12
Interest Paid -15-16-20-16-9-4-5-4-2-0
Dividend Paid 0000000000
Others 19112-2-11012913
Net Cash Flow 0300-1-0-03-4-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-3.91-3.44-3.26-2.23-0.81-0.51-0.21-1.34-5.8-3.73
ROCE (%)-0.97-0.42-0.020.210.20.570.68-0.51-4.44-2.78
Asset Turnover Ratio0.060.050.030.040.040.040.090.030.030.05
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1,132.501,449.701,986.201,495.601,322.901,643673.301,824.901,671.10771.50
Inventory Days1,801.202,542.403,745.102,927.802,606.303,145.901,171.403,2883,840.702,339.90
Payable Days1,650.302,282.603,6252,570.302,079.502,290.60762.502,9731,640.30941

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Prajay Engineers Syndicate Ltd FAQs

The current trading price of Prajay Engg.Syndicat on 05-Jun-2026 09:55 is ₹23.02.

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 04-Jun-2026 the market cap of Prajay Engg.Syndicat stood at ₹153.7 Cr

The latest P/E ratio of Prajay Engg.Syndicat as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Prajay Engg.Syndicat as of 04-Jun-2026 is 0.31.

The 52-week high of Prajay Engg.Syndicat is ₹33.80 and the 52-week low is ₹17.26.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prajay Engg.Syndicat is ₹23.06 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Prajay Engineers Syndicate Ltd is a below average quality company.

The key valuation ratios of Prajay Engineers Syndicate Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Prajay Engineers Syndicate Ltd

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.
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