Bajel Projects

What does Bajel Projects do?

Bajel Projects Ltd. is a Small Cap company specializing in Engineering, Procurement, and Construction (EPC) within the Heavy Electrical Equipment industry, incorporated in January 2022 as a subsidiary of Bajaj Electricals Limited. As of March 2025, it reported net sales of 801 Cr and a net profit of 5 Cr.

Overview: <BR>Bajel Projects Ltd. is a leading company in the Engineering, Procurement and Construction (EPC) business within the Heavy Electrical Equipment industry, categorized as a Small Cap.<BR><BR>History: <BR>Bajel Projects Ltd. was incorporated as a Public Limited Company on January 19, 2022, as a wholly owned subsidiary of Bajaj Electricals Limited. It was formerly a division of Bajaj Electricals Limited. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 801 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 5 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 2,492 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 162.00 <BR>Industry P/E: 34 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.02 <BR>Return on Equity: 2.65% <BR>Price to Book: 4.29 <BR><BR>Contact Details: <BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

Has Bajel Projects declared dividend?

No Dividend History Available

Who are the peers of the Bajel Projects?

Bajel Projects' peers include Azad Engineering, Volt.Transform., TD Power Systems, Quality Power El, Skipper, KP Green Engg., Exicom Tele-Sys., Jyoti Structures, and GE Power. In terms of management risk, growth, and capital structure, Bajel Projects ranks below average compared to its peers, with a 1-year return of -11.35%.

Peers: The peers of Bajel Projects are Azad Engineering, Volt.Transform., TD Power Systems, Quality Power El, Skipper, KP Green Engg., Exicom Tele-Sys., Jyoti Structures, GE Power.<BR><BR>Quality Snapshot: Excellent management risk is observed at Volt.Transform., TD Power Systems, and Quality Power El, while Average management risk is found at Azad Engineering, KP Green Engg., and GE Power. Below Average management risk is present at Bajel Projects, Exicom Tele-Sys., and Jyoti Structures, with the rest having similar ratings. In terms of Growth, Excellent growth is noted at Volt.Transform., Quality Power El, Skipper, and KP Green Engg., while Good growth is seen at Azad Engineering, TD Power Systems, and the rest. Average growth is observed at Exicom Tele-Sys. and Jyoti Structures. For Capital Structure, Excellent is noted at Volt.Transform., TD Power Systems, and Quality Power El, while Good is seen at Bajel Projects and KP Green Engg., with Below Average at Skipper, Exicom Tele-Sys., Jyoti Structures, and GE Power.<BR><BR>Return Snapshot: The peer with the highest 1-year return is TD Power Systems at 27.04%, while Exicom Tele-Sys. has the lowest at -61.55%. Bajel Projects' 1-year return of -11.35% is better than Exicom Tele-Sys. but worse than TD Power Systems. Additionally, Exicom Tele-Sys. and GE Power have negative six-month returns.

Who are the top shareholders of the Bajel Projects?

The top shareholders of Bajel Projects include Jamnalal Sons Private Limited with 19.5%, mutual funds holding 9.59% (led by HDFC Small Cap Fund at 5.04%), individual investors with 20.61%, and 18 foreign institutional investors with a combined 0.31%.

The top shareholders of Bajel Projects include a mix of promoters and institutional investors. The majority shareholders are the promoters, with Jamnalal Sons Private Limited holding the highest stake at 19.5%. Additionally, mutual funds hold 9.59% of the shares through two schemes, with HDFC Small Cap Fund being the highest public shareholder at 5.04%. Individual investors collectively hold 20.61% of the company's shares. There are also 18 foreign institutional investors (FIIs) with a combined holding of 0.31%.

How big is Bajel Projects?

As of 24th July, Bajel Projects Ltd has a market capitalization of 2,828.00 Cr, with Net Sales of 1,912.97 Cr and a Net Profit of 13.35 Cr for the latest four quarters. The company reported Shareholder's Funds of 666.27 Cr and Total Assets of 2,051.32 Cr in the latest annual period.

As of 24th July, Bajel Projects Ltd has a market capitalization of 2,828.00 Cr, categorizing it as a Small Cap company.<BR><BR>For the latest four quarters, Bajel Projects reported Net Sales of 1,912.97 Cr and a Net Profit of 13.35 Cr.<BR><BR>In the latest annual period, the company reported Shareholder's Funds of 666.27 Cr and Total Assets of 2,051.32 Cr.

When is the next results date for Bajel Projects?

The next results date for Bajel Projects is 08 August 2025.

The next results date for Bajel Projects is scheduled for 08 August 2025.

Is Bajel Projects overvalued or undervalued?

As of August 11, 2025, Bajel Projects is considered overvalued with a PE Ratio of 195.19 and an EV to EBITDA of 35.52, significantly higher than peers like Rail Vikas and AIA Engineering, and has underperformed the Sensex with a year-to-date return of -18.24%.

As of 11 August 2025, Bajel Projects has moved from a valuation grade of very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE Ratio of 195.19, an EV to EBITDA of 35.52, and a PEG Ratio of 6.78, all of which indicate a high valuation relative to earnings and growth potential.<BR><BR>In comparison to peers, Bajel Projects' PE Ratio significantly exceeds that of Rail Vikas at 55.71 and AIA Engineering at 27.72, both of which are categorized as expensive. Furthermore, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -18.24% compared to the Sensex's positive return of 3.15%. This underperformance reinforces the notion that Bajel Projects is overvalued in its current market position.

Is Bajel Projects technically bullish or bearish?

As of October 17, 2025, Bajel Projects is in a bearish trend, supported by bearish signals from the MACD, Bollinger Bands, moving averages, and KST indicators.

As of 17 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance for Bajel Projects is bearish with a strong indication of weakness. The weekly MACD is bearish, and both the weekly and monthly Bollinger Bands confirm a bearish outlook. Daily moving averages also reflect a bearish trend. The KST is bearish on a weekly basis, and the Dow Theory indicates a mildly bearish stance on both weekly and monthly time frames. Overall, the combination of these indicators suggests a significant bearish sentiment in the market for Bajel Projects.

How has been the historical performance of Bajel Projects?

Bajel Projects showed significant growth from March 2024 to March 2025, with net sales increasing from 1,169.21 Cr to 2,598.24 Cr and profit after tax rising from 4.29 Cr to 15.46 Cr. Key metrics such as operating profit and earnings per share also improved, reflecting strong financial performance.

Answer:<BR>The historical performance of Bajel Projects shows significant growth from March 2024 to March 2025.<BR><BR>Breakdown:<BR>Bajel Projects experienced a substantial increase in net sales, rising from 1,169.21 Cr in March 2024 to 2,598.24 Cr in March 2025. This growth in total operating income was accompanied by a notable rise in raw material costs, which increased from 849.79 Cr to 1,981.02 Cr. Despite higher expenditures, the operating profit (PBDIT) improved significantly from 35.71 Cr to 90.17 Cr, reflecting a stronger operational performance. The profit before tax also saw a remarkable increase from 3.68 Cr to 23.97 Cr, leading to a profit after tax of 15.46 Cr compared to 4.29 Cr the previous year. The earnings per share rose from 0.37 to 1.34, indicating enhanced shareholder value. On the balance sheet, total liabilities stood at 2,051.32 Cr, with total assets matching this figure, while the company maintained a book value per share of 57.63. Cash flow from operating activities decreased slightly, but the net cash inflow remained positive at 9.00 Cr, up from 45.00 Cr in the previous year, highlighting a stable cash position. Overall, Bajel Projects demonstrated strong financial performance and growth in key metrics over the year.

Are Bajel Projects Ltd latest results good or bad?

Bajel Projects Ltd's latest results are concerning, showing a net loss of ₹0.42 crores, a significant decline in revenue, and high interest costs, despite some operational improvements. Investors should be cautious due to these red flags.

Bajel Projects Ltd's latest results indicate a challenging quarter. The company reported a consolidated net loss of ₹0.42 crores, marking a significant decline of 111.67% quarter-on-quarter (QoQ) and 128.77% year-on-year (YoY). This loss is particularly concerning given that it follows a period of profitability in previous quarters.<BR><BR>Net sales for Q3 FY26 were ₹562.34 crores, which is the lowest quarterly revenue in the past year, reflecting an 8.39% decrease QoQ and a 9.65% decrease YoY. While the operating margin improved to 4.89%, the gains were overshadowed by high interest costs of ₹16.22 crores, which consumed nearly 60% of the operating profit, and an unusual tax expense that resulted in an effective tax rate of 189.36%.<BR><BR>Overall, the financial performance suggests that while there are some operational improvements, the negative net profit and declining revenues raise significant concerns about the company's current trajectory and sustainability. Investors should approach with caution, considering these red flags.

Should I buy, sell or hold Bajel Projects Ltd?

Which are the latest news on Bajel Projects?

Why is Bajel Projects Ltd falling/rising?

As of 08-Feb, Bajel Projects Ltd's stock price is Rs 163.00, down 4.12% after a trend reversal. The stock has underperformed significantly over the past year, with a 27.26% decline and disappointing quarterly results, leading to negative investor sentiment despite increased participation.

As of 08-Feb, Bajel Projects Ltd's stock price is falling, currently at Rs 163.00, which reflects a decrease of Rs 7.0 or 4.12%. This decline follows a trend reversal after six consecutive days of gains. The stock has underperformed its sector by 3.36% today and reached an intraday low of Rs 159, marking a significant drop of 6.47%.<BR><BR>In terms of performance, the stock has shown a negative trajectory over various time frames, with a year-to-date decline of 6.02% and a staggering 27.26% drop over the past year. This poor performance is compounded by a low return on equity (ROE) of 3.82%, indicating inefficiency in generating profit relative to shareholders' funds. Additionally, the company's recent quarterly results were disappointing, with a profit after tax (PAT) of Rs -0.42 crore, representing a 113.1% decline compared to the previous four-quarter average.<BR><BR>While there has been a rise in investor participation, with delivery volume increasing by 181.51% on February 5, the overall sentiment remains negative due to the company's flat results and underperformance relative to benchmarks like the Sensex, which has gained 7.07% over the past year. The stock's valuation is also considered expensive, trading at a price-to-book value of 3.6, despite being at a discount compared to peers. These factors collectively contribute to the stock's current downward trend.