Bajel Projects Ltd
General Industrials | Small Cap
Bajel Projects Ltd, operating within the General Industrials sector, shows a mixed financial performance. The company demonstrates notable strengths in solvency and growth, driven primarily by a strong equity position and substantial growth in operating profit, EPS, and assets. However, it faces challenges regarding liquidity, efficiency, coverage, financial metrics, and profitability. Its financial performance is characterized by high equity, significant growth in key areas, and considerable investment in capital expenditures. The primary challenges lie in converting these investments and growth metrics into tangible profitability and liquidity. Improving these areas will be crucial for sustainable financial health.
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- Valuation MetricsNeutral
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio6.00
- Financial Ratio4.00
- Profitability Ratio4.00
- Efficiency Ratio4.67
- Coverage Ratio3.20
- Solvency Ratio10.00
- Liquidity Ratio2.00
- Peer Assessment
- Management AssessmentBalanced
- Risk AssessmentBalanced
- 1 HourBullish
- 2 HoursStrong Bullish
- 4 HoursBullish
- 1 DayStrong Bullish
- 1 WeekBullish
- 1 MonthNeutral
Bajel Projects Ltd, operating within the General Industrials sector, shows a mixed financial performance. The company demonstrates notable strengths in solvency and growth, driven primarily by a strong equity position and substantial growth in operating profit, EPS, and assets. However, it faces challenges regarding liquidity, efficiency, coverage, financial metrics, and profitability. Its financial performance is characterized by high equity, significant growth in key areas, and considerable investment in capital expenditures. The primary challenges lie in converting these investments and growth metrics into tangible profitability and liquidity. Improving these areas will be crucial for sustainable financial health.
Overall Valuation Score
P/E RATIO (TTM)
87.85
Industry Median
38.77
Small Cap Median
36.25
P/E RATIO
116.96
P/B RATIO
3.17
Industry Median
5.27
Small Cap Median
3.80
P/S RATIO
0.83
Industry Median
4.71
Small Cap Median
3.91
Others
PEG RATIO
0.95
EV/EBITDA RATIO
19.67
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹204.68 as on Jun 21, 2026.
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The company exhibits strong growth, particularly in operating profit, earnings per share, and asset growth. This indicates a positive trajectory and effective management strategies. While revenue and net income growth are lagging, the overall growth picture is promising. Sustaining this growth momentum will be key to long-term success.
| Growth Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue Growth Rate | 122.24 | 7.47 | |
| Operating Profit Growth Rate | 560 | 37.88 | |
| Earnings Per Share (EPS) Growth | 262.16 | 30.6 | |
| Asset Growth Rate | 54.5 | 22.31 | |
| Net Income Growth Rate | 275 | 33.33 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
The company's financial ratios show mixed results. Capital expenditure is excellent, suggesting strategic investments. Cash earnings per share is moderate, while adjusted earnings per share, book value per share, and dividend per share are low. The company has limited adjusted earnings and book value, but it also makes significant capital investments. Improving earnings and shareholder value will be crucial.
| Financial Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | 0.87 | 1.3 | 2.09 |
| Cash Earnings Per Share (Cash EPS) | 0.87 | 2.43 | 3.48 |
| Book Value Per Share | 49.22 | 57.91 | 64.96 |
| Dividend Per Share (DPS) | 0 | 0 | 0.59 |
| Capital Expenditures (CapEx) | 27 | 34.4 | 33.7 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
The company's profitability ratios present a mixed picture. Return on capital employed (ROCE) is excellent, indicating efficient use of capital. However, gross profit margin, return on equity (ROE), return on assets (ROA), operating margin, and net margin are low. The company demonstrates effective capital utilization but struggles with overall profitability metrics. Improving these margins and returns is crucial for sustainable financial health.
| Profitability Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Gross Profit Margin | 0.34 | 2.04 | 2.54 |
| Return on Capital Employed (ROCE) | 3.98 | 12 | 10 |
| Return on Equity (ROE) | 0.71 | 2.25 | 2.68 |
| Return on Assets (ROA) | 0.74 | 3.18 | 3.59 |
| Operating Margin | 0.86 | 2.54 | 3.26 |
| Net Margin | 0.34 | 0.58 | 0.72 |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
The company exhibits mixed efficiency. While it shows strength in managing its inventory and receivables, as indicated by days sales in inventory and receivable days, it struggles with asset turnover. This suggests effective management of working capital in certain areas. The company needs to improve how efficiently it uses its assets to generate sales.
| Efficiency Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Fixed Asset Turnover Ratio | 16.94 | 26.51 | 25.85 |
| Inventory Turnover Ratio | 11.53 | 22.23 | 20.38 |
| Receivables Turnover Ratio | 1.92 | 3.29 | 2.14 |
| Days Sales in Inventory Ratio | 31.66 | 16.42 | 17.91 |
| Receivable Days | 190 | 110.94 | 170.56 |
| Capital Turnover Ratio | 2.02 | 3.79 | 3.65 |
Fixed Asset Turnover Ratio
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
Capital Turnover Ratio
The company's coverage ratios present a mixed picture. While the interest coverage ratio is adequate, the equity dividend coverage ratio is low. This suggests the company has some capacity to cover its interest expenses, but limited ability to cover dividends with equity. Improving both ratios is crucial for maintaining financial stability and investor confidence. The company needs to ensure it can comfortably meet its financial obligations.
| Coverage Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Interest Coverage Ratio | 1.21 | 1.4 | 1.43 |
| Equity Dividend Coverage Ratio | 2.94 |
Interest Coverage Ratio
Equity Dividend Coverage Ratio
The company demonstrates strong solvency, underpinned by a solid equity position and minimal debt. This indicates a low risk of financial distress and a stable capital structure. High equity provides a buffer against potential losses. The company's financial stability allows it to pursue growth opportunities with less concern about debt-related constraints.
| Solvency Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debt Ratio | 0.02 | 0.03 | 0.02 |
| Debt to Equity Ratio | 0.02 | 0.03 | 0.02 |
| Equity Ratio | 0.98 | 0.97 | 0.98 |
| Debt To Asset Ratio | 0.01 | 0.01 | 0.01 |
Debt Ratio
Debt to Equity Ratio
Equity Ratio
Debt To Asset Ratio
The company's liquidity position is weak, with all liquidity ratios indicating poor short-term financial health. This suggests potential difficulties in meeting immediate obligations. While low liquidity can be a concern, it might reflect a strategic decision to invest more in long-term assets or aggressive cost management. Addressing these liquidity issues is essential for maintaining smooth operations and investor confidence. Without enough liquid assets, the company might struggle to pay its immediate debts.
| Liquidity Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Current Ratio | 1.66 | 1.36 | 1.33 |
| Quick Ratio | 1.53 | 1.27 | 1.25 |
| Cash Ratio | 0.2 | 0.19 | 0.1 |
| Operating Cash Flow Ratio | 0.25 | 0.05 | 0.01 |
Current Ratio
Quick Ratio
Cash Ratio
Operating Cash Flow Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Danish Power Ltd | 8.37 | 29.58 | Neutral | 92.00 | 35.55 | 69.00 |
| 2 | Swelect Energy Systems Ltd | 7.36 | 17.57 | Highly Undervalued | 151.00 | 12.91 | 58.00 |
| 3 | Indo Tech Transformers Ltd | 6.55 | 41.06 | Overvalued | 120.00 | 87.35 | 93.00 |
| 4 | Bajel Projects Ltd | 5.35 | 116.96 | Neutral | 91.00 | 2.33 | 20.00 |
| 5 | HMT Ltd | 4.36 | -16.10 | Neutral | -107.00 | 0.27 | 2534.00 |
The management effectiveness of Bajel Projects Ltd. presents a mixed picture. While the company has demonstrated strong sales growth and an improved cash conversion cycle, profitability metrics such as ROCE and ROE are relatively low. The increase in borrowings also raises concerns about financial leverage. Promoter holding is high, indicating confidence, but a decline in FII holding is a concern. These factors collectively suggest moderate management effectiveness requiring attention to profitability and debt management.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Sales Growth (TTM) | 122% | Strong revenue expansion |
| Cash Conversion Cycle Improvement | 31 to 15 days | Efficient working capital management | |
| Promoter Holding | 62.57% | High promoter confidence | |
| CONS | ROCE | 11% | Low capital efficiency |
| ROE | 1.52% | Poor shareholder returns | |
| Increase in Borrowings | ₹15 Cr to ₹140 Cr | Increased financial leverage |
Financial Performance & Growth
Bajel Projects Ltd. demonstrates substantial revenue growth, but profitability lags. Compounded Sales Growth (TTM) stands at a remarkable 122%, indicating robust top-line expansion. However, the Compounded Profit Growth (TTM) is 54%. The OPM increased from 1% to 2%, suggesting some improvement in operational efficiency, but remains low. Net Profit also increased from ₹4 Cr to ₹15 Cr. While sales growth is strong, the relatively lower profit growth and OPM indicate that the company is not efficiently converting sales into profits. The data suggests the company needs to improve its cost management and operational efficiency to translate revenue growth into stronger bottom-line performance.
| Metric | Mar 2024 | Mar 2025 |
|---|---|---|
| Sales | 1,169 | 2,598 |
| OPM % | 1% | 2% |
| Net Profit | 4 | 15 |
Capital Efficiency & Returns
The Capital efficiency and returns of Bajel Projects Ltd. are weak. The ROCE is 8.37%, and the ROE is 1.52%. These figures suggest that the company is not generating high returns from its capital employed or shareholder equity. The company's asset turnover ratio is not explicitly provided, but can be derived from the data. The Cash Conversion Cycle has improved from 31 days to 15 days, indicating better working capital management. However, the low ROCE and ROE are significant concerns, indicating that the company needs to improve its efficiency in utilizing capital to generate profits.
| Metric | Mar 2024 | Mar 2025 |
|---|---|---|
| ROCE % | 11% | |
| Cash Conversion Cycle | 31 | 15 |
Financial Health & Prudence
The financial health of Bajel Projects Ltd. shows some cause for concern. Borrowings have substantially increased from ₹15 Cr to ₹140 Cr. The company's Interest Coverage Ratio cannot be directly calculated from the provided figures, but can be calculated. The Dividend Payout % is 0%. The increase in borrowings raises concerns about the company's financial leverage and its ability to service its debt. The lack of dividend payout, while not inherently negative, suggests that the company is prioritizing reinvestment of profits over returning capital to shareholders. Further analysis of debt structure and repayment terms would be necessary to fully assess the company's financial risk.
| Metric | Mar 2024 | Mar 2025 |
|---|---|---|
| Borrowings | 15 | 140 |
| Dividend Payout % | 0% | 0% |
Shareholding & Ownership Structure
The shareholding pattern of Bajel Projects Ltd. indicates moderate alignment between promoters and institutional investors. The Promoter Holding is relatively stable at 62.57%, showing continued confidence from the company's leadership. However, FII Holding has decreased from 0.51% to 0.31%, potentially indicating reduced interest from foreign institutional investors. DII Holding has increased from 8.07% to 9.60%, suggesting increased confidence from domestic institutions. The high promoter holding provides stability, but the declining FII interest warrants monitoring. Overall, the shareholding structure suggests a moderately positive sentiment, but with some concerns regarding foreign investor confidence.
| Metric | Mar 2024 | Mar 2025 |
|---|---|---|
| Promoters | 62.75% | 62.57% |
| FIIs | 0.51% | 0.31% |
| DIIs | 8.07% | 9.60% |
The risk assessment of Bajel Projects Ltd. reveals a mixed risk profile. The notable increase in borrowings raises concerns about financial leverage, but the improved cash conversion cycle indicates enhanced operational efficiency. Declining FII holdings alongside increased DII holdings suggest shifting investor confidence. These factors collectively suggest a moderate risk level that requires careful monitoring of debt management and investor sentiment.
Off-balance sheet exposure quantification
There is no specific data available on off-balance sheet exposure quantification.
Contingent liability evaluation
There is no specific data available on contingent liability evaluation.
Foreign exchange or interest rate exposure
There is no specific data available on Foreign exchange or interest rate exposure.
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 10203.06Bullish
- SMA 20201.14Bullish
- SMA 50199.23Bullish
- EMA 10203.27Bullish
- EMA 20201.88Bullish
- EMA 50200.00Bullish
- DEMA 10205.01Bullish
- DEMA 20203.78Bullish
- DEMA 50202.44Bullish
- TEMA 10205.55Bullish
- TEMA 20204.78Bullish
- TEMA 50202.41Bullish
- MACD1.56Bullish
- ADX21.86Weak Trend
- IndicatorValueSignal
- RSI65.06Neutral
- CCI128.70Overbought
- ROC 94.20Bullish
- ROC 143.26Bullish
- ROC 254.48Bullish
- Stoch K72.28Neutral
- Stoch D67.76Neutral
- IndicatorValueSignal
- BB Upper207.01Neutral
- BB Middle201.14Neutral
- BB Lower195.28Neutral
- ATR2.75High Volatility
- IndicatorValueSignal
- MFI64.38Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 2 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 10201.27Bullish
- SMA 20200.42Bullish
- SMA 50199.27Bullish
- EMA 10202.19Bullish
- EMA 20200.76Bullish
- EMA 50198.00Bullish
- DEMA 10204.14Bullish
- DEMA 20202.68Bullish
- DEMA 50202.80Bullish
- TEMA 10205.14Bullish
- TEMA 20203.42Bullish
- TEMA 50202.45Bullish
- MACD1.60Bullish
- ADX30.95Strong Trend
- IndicatorValueSignal
- RSI64.03Neutral
- CCI197.68Overbought
- ROC 93.08Bullish
- ROC 144.37Bullish
- ROC 255.34Bullish
- Stoch K71.85Neutral
- Stoch D69.03Neutral
- IndicatorValueSignal
- BB Upper205.36Overbought
- BB Middle200.42Neutral
- BB Lower195.47Neutral
- ATR3.70Low Volatility
- IndicatorValueSignal
- MFI71.24Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 4 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 10200.34Bullish
- SMA 20198.66Bullish
- SMA 50191.40Bullish
- EMA 10200.75Bullish
- EMA 20198.88Bullish
- EMA 50192.91Bullish
- DEMA 10202.68Bullish
- DEMA 20202.48Bullish
- DEMA 50202.12Bullish
- TEMA 10203.46Bullish
- TEMA 20202.09Bullish
- TEMA 50N/AN/A
- MACD2.64Bullish
- ADX32.55Strong Trend
- IndicatorValueSignal
- RSI62.91Neutral
- CCI165.54Overbought
- ROC 92.13Bullish
- ROC 143.57Bullish
- ROC 254.88Bullish
- Stoch K70.79Neutral
- Stoch D56.66Neutral
- IndicatorValueSignal
- BB Upper205.65Overbought
- BB Middle198.66Neutral
- BB Lower191.67Neutral
- ATR5.81Low Volatility
- IndicatorValueSignal
- MFI67.57Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Market Sentiment
Analysis Driven By 33 Technical Indicators From The 1 Day Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 10198.94Bullish
- SMA 20195.23Bullish
- SMA 50184.65Bullish
- SMA 100170.95Bullish
- SMA 200178.86Bullish
- EMA 10199.14Bullish
- EMA 20195.09Bullish
- EMA 50185.50Bullish
- EMA 100179.71Bullish
- EMA 200182.79Bullish
- DEMA 10202.62Bullish
- DEMA 20202.66Bullish
- DEMA 50196.86Bullish
- DEMA 100182.69Bullish
- DEMA 200170.28Bullish
- TEMA 10202.16Bullish
- TEMA 20203.37Bullish
- TEMA 50203.86Bullish
- TEMA 100194.15Bullish
- TEMA 200176.41Bullish
- MACD5.58Bearish
- ADX34.93Strong Trend
- IndicatorValueSignal
- RSI63.46Neutral
- CCI81.39Neutral
- ROC 146.17Bullish
- ROC 2512.21Bullish
- Stoch K63.24Neutral
- Stoch D55.95Neutral
- IndicatorValueSignal
- BB Upper209.73Neutral
- BB Middle195.23Neutral
- BB Lower180.73Neutral
- ATR8.52High Volatility
- IndicatorValueSignal
- MFI73.43Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 21 Technical Indicators From The 1 Week Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 20170.10Bullish
- SMA 50187.45Bullish
- EMA 20178.77Bullish
- EMA 50184.36Bullish
- DEMA 20182.42Bullish
- DEMA 50168.16Bullish
- TEMA 20193.27Bullish
- TEMA 50N/AN/A
- MACD4.39Bullish
- ADX17.94Weak Trend
- IndicatorValueSignal
- RSI55.13Neutral
- CCI32.58Neutral
- ROC 1435.68Bullish
- ROC 2518.09Bullish
- Stoch K78.45Neutral
- Stoch D74.00Neutral
- IndicatorValueSignal
- BB Upper205.17Neutral
- BB Middle170.10Neutral
- BB Lower135.03Neutral
- ATR20.07Low Volatility
- IndicatorValueSignal
- MFI83.20Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 25 Technical Indicators From The 1 Month Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 6168.43Bullish
- SMA 12188.29Bullish
- SMA 24213.44Bearish
- EMA 6178.07Bullish
- EMA 12184.37Bullish
- EMA 24202.70Bearish
- DEMA 6176.95Bullish
- DEMA 12168.62Bullish
- DEMA 24N/AN/A
- TEMA 6185.16Bullish
- TEMA 12N/AN/A
- TEMA 24N/AN/A
- MACDN/AN/A
- ADX12.51Weak Trend
- IndicatorValueSignal
- RSIN/AN/A
- CCIN/AN/A
- ROC 25-27.63Bearish
- ROC 50N/AN/A
- Stoch KN/AN/A
- Stoch DN/AN/A
- IndicatorValueSignal
- BB Upper275.10Neutral
- BB Middle199.70Neutral
- BB Lower124.31Neutral
- ATR50.84Low Volatility
- IndicatorValueSignal
- MFI37.82Neutral