Prajay Engineers Syndicate Ltd - Stock Valuation and Financial Performance

BSE: 531746 | NSE: PRAENG | Construction - Real Estate | Small Cap

Prajay Engg.Syndicat Share Price

23.85 0.04 0.17%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Prajay Engg.Syndicat

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Prajay Engineers Syndicate stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
166.8 Cr.
52-wk low:
9.8
52-wk high:
26.6

Is Prajay Engineers Syndicate Ltd an attractive stock to invest in?

1. Is Prajay Engineers Syndicate Ltd a good quality company?

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

2. Is Prajay Engineers Syndicate Ltd undervalued or overvalued?

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.

3. Is Prajay Engineers Syndicate Ltd a good buy now?

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.

10 Year X-Ray of Prajay Engg.Syndicat:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.1%-2.4%-1.8%-1.3%-0.9%-0.3%-0.2%0.2%0.4%-0.7%-
Value Creation
Index
-1.0-1.2-1.1-1.1-1.1-1.0-1.0-1.0-1.0-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 81.955.872.752.336.646.849.338.793.129.831
Sales YoY Gr.--31.9%30.3%-28.1%-29.9%27.8%5.4%-21.6%140.6%-67.9%-
Adj EPS -0.2-3.4-3.5-3-2.8-1.9-0.7-0.4-0.2-1.1-1.5
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 94.9919086.984.182.381.781.381.18078.4
Adj Net
Profit
-1.6-23.7-24.7-21.3-19.5-12.9-4.6-2.9-1.2-7.6-10
Cash Flow from Ops. 27.6-9.95155.731.833.913.86.5-2.83.1-
Debt/CF from Ops. 6.3-18.43.12.953.27.214.7-35.227.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -10.6%-4%-15.4%-67.9%
Adj EPS NANANANA
BVPS-1.9%-1%-0.7%-1.4%
Share Price 13.1% 22.8% 46.8% 139.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.2-3.6-3.9-3.4-3.3-2.2-0.8-0.5-0.2-1.3-1.9
Op. Profit
Mgn %
-10.6-25.3-12.7-4.3-4.224.317.27-61-71.3
Net Profit
Mgn %
-2-42.5-34-40.7-53.2-27.7-9.4-7.5-1.3-25.4-33.7
Debt to
Equity
0.30.30.30.30.30.20.20.20.20.2-
Working Cap
Days
3,1414,5583,4314,6516,6125,0954,5385,4972,1355,9794,189
Cash Conv.
Cycle
1,7082,4301,7542,5453,7252,7352,5113,0381,2063,6841,989

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -15.43%

Sales growth is not so good in last 4 quarters at -12.43%

Latest Financials - Prajay Engineers Syndicate Ltd.

Standalone Consolidated
TTM EPS (₹) -1.5 -2.1
TTM Sales (₹ Cr.) 30.7 42.7
BVPS (₹.) 78.4 77.5
Reserves (₹ Cr.) 478 472
P/BV 0.30 0.31
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 9.80 / 26.57
All Time Low / High (₹) 0.45 / 480.00
Market Cap (₹ Cr.) 167
Equity (₹ Cr.) 69.9
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Prajay Engg.Syndicat:

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 Prajay Engg.Syndicat

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales82567352374749399330
Operating Expenses 91708255384647328748
Manufacturing Costs9888878369
Material Costs68395336223033277416
Employee Cost 6666443133
Other Costs 7161545531420
Operating Profit -9-14-9-2-21276-18
Operating Profit Margin (%) -11.3%-25.4%-12.7%-4.3%-4.2%1.9%4.2%17.2%7.0%-61.0%
Other Income 62846531219
Interest 16141619155654
Depreciation 3666544444
Exceptional Items 0000000000
Profit Before Tax -8-24-22-19-19-14-4-2-1-7
Tax -60221-11110
Profit After Tax -2-24-25-21-19-13-5-3-1-8
PAT Margin (%) -2.5%-42.3%-34.0%-40.7%-53.2%-27.7%-9.4%-7.5%-1.3%-25.4%
Adjusted EPS (₹)-0.3-3.4-3.5-3.0-2.8-1.9-0.7-0.4-0.2-1.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 664636629608588575571569567559
Share Capital 70707070707070707070
Reserves 594566559538518505501499497489
Minority Interest0000000000
Debt1301157557656665688185
Long Term Debt118915023201920232630
Short Term Debt12242534454745455455
Trade Payables250247235215218208172164144124
Others Liabilities 10515420326629930629629523851
Total Liabilities 1,1491,1531,1431,1451,1701,1541,1051,0951,030820

Fixed Assets

Gross Block73184144145145145147153154154
Accumulated Depreciation3039612162025283236
Net Fixed Assets43145138134129125122124122118
CWIP 27118019721523625425925826197
Investments 133133133133133133133133133133
Inventories345355362366386365340327270267
Trade Receivables251236215200199185173175168130
Cash Equivalents 3114443336
Others Assets1041039593838976757368
Total Assets 1,1491,1531,1431,1451,1701,1541,1051,0951,030820

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 28-1051563234147-33
PBT -8-24-22-19-19-14-4-2-1-7
Adjustment 5213121232081098
Changes in Working Capital 33-6445526295-1-122
Tax Paid -2-1-2-11-15000
Cash Flow From Investing Activity -17-19-17-19-21-18-6-5-50
Capex -40-21-17-19-21-18-6-5-50
Net Investments 6000000000
Others 17300000000
Cash Flow From Financing Activity -1627-34-34-11-16-9-280
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1321-19-27-3-11334
Interest Paid -1-6-15-16-20-16-9-4-5-4
Dividend Paid 0000000000
Others -21219112-2-1101
Net Cash Flow -6-10300-1003
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-0.31-3.63-3.91-3.44-3.26-2.23-0.81-0.51-0.21-1.34
ROCE (%)-0.85-2.16-0.97-0.42-0.020.210.20.570.68-0.51
Asset Turnover Ratio0.070.050.060.050.030.040.040.040.090.03
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1,1841,5911,1331,4501,9861,4961,3231,6436731,825
Inventory Days1,5062,2901,8012,5423,7452,9282,6063,1461,1713,288
Payable Days1,3032,3161,6502,2833,6252,5702,0802,2917622,973

Prajay Engineers Syndicate Ltd Stock News

Prajay Engineers Syndicate Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prajay Engg.Syndicat on 28-Mar-2024 16:01 is ₹23.85.
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 28-Mar-2024 16:01 the market cap of Prajay Engg.Syndicat stood at ₹166.8.
The latest P/E ratio of Prajay Engg.Syndicat as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Prajay Engg.Syndicat as of 28-Mar-2024 16:01 is 0.30.
The 52-week high of Prajay Engg.Syndicat is ₹26.57 and the 52-week low is ₹9.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prajay Engg.Syndicat is ₹30.69 ( Cr.) .

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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