Why is Bajel Projects Ltd ?
1
Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 1.11
- Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 1.11
- The company has been able to generate a Return on Equity (avg) of 3.75% signifying low profitability per unit of shareholders funds
2
Flat results in Jun 26
- OPERATING CF(Y) Lowest at Rs 21.09 Cr
- NET SALES(Q) At Rs 566.88 cr has Fallen at -18.8% (vs previous 4Q average)
- DEBTORS TURNOVER RATIO(HY) Lowest at 1.69 times
3
Below par performance in long term as well as near term
- Along with generating -20.76% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Heavy Electrical Equipment)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Bajel Projects for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Bajel Projects
-20.76%
-0.48
42.98%
Sensex
-10.5%
-0.78
13.50%
Quality key factors
Factor
Value
Sales Growth (5y)
62.19%
EBIT Growth (5y)
71.66%
EBIT to Interest (avg)
1.11
Debt to EBITDA (avg)
2.47
Net Debt to Equity (avg)
0.25
Sales to Capital Employed (avg)
2.32
Tax Ratio
26.82%
Dividend Payout Ratio
103.02%
Pledged Shares
2.55%
Institutional Holding
9.74%
ROCE (avg)
3.88%
ROE (avg)
3.75%
Valuation Key Factors 
Factor
Value
P/E Ratio
67
Industry P/E
34
Price to Book Value
2.66
EV to EBIT
27.60
EV to EBITDA
21.78
EV to Capital Employed
2.33
EV to Sales
0.79
PEG Ratio
0.44
Dividend Yield
0.35%
ROCE (Latest)
8.27%
ROE (Latest)
3.75%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Bullish
Bullish
Technical Movement
11What is working for the Company
PAT(Latest six months)
Higher at Rs 18.87 cr
-8What is not working for the Company
OPERATING CF(Y)
Lowest at Rs 21.09 Cr
NET SALES(Q)
At Rs 566.88 cr has Fallen at -18.8% (vs previous 4Q average
DEBTORS TURNOVER RATIO(HY)
Lowest at 1.69 times
PAT(Q)
At Rs 4.73 cr has Fallen at -6.7% (vs previous 4Q average
NON-OPERATING INCOME(Q)
is 71.71 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is not working for Bajel Projects
Operating Cash Flow - Annually
Lowest at Rs 21.09 Cr and Fallen
each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (Rs Cr)
Net Sales - Quarterly
At Rs 566.88 cr has Fallen at -18.8% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 697.90 CrMOJO Watch
Near term sales trend is very negative
Net Sales (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 4.73 cr has Fallen at -6.7% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 5.07 CrMOJO Watch
Near term PAT trend is negative
PAT (Rs Cr)
Non Operating Income - Quarterly
is 71.71 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Debtors Turnover Ratio- Half Yearly
Lowest at 1.69 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio






