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Bajel Projects Ltd

General Industrials | Small Cap

Bajel Projects Ltd Health Insights
Health Score : 5.35Health Score : 5.35

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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Overview
Ratio
Financial
Bajel Projects Ltd Health Insights
Health Score : 5.35Health Score : 5.35

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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Neutral

Overall Valuation Score

Highly Undervalued
Undervalued
Neutral
Overvalued
Highly Overvalued
Neutral

P/E RATIO (TTM)

87.85

Highly Overvalued

Industry Median

38.77

Highly Overvalued
Highly Overvalued

Small Cap Median

36.25

Highly Overvalued

P/E RATIO

116.96

P/B RATIO

3.17

Undervalued

Industry Median

5.27

Undervalued
Neutral

Small Cap Median

3.80

Neutral

P/S RATIO

0.83

Highly Undervalued

Industry Median

4.71

Highly Undervalued
Highly Undervalued

Small Cap Median

3.91

Highly Undervalued

Others

Undervalued

PEG RATIO

0.95

Undervalued
Overvalued

EV/EBITDA RATIO

19.67

Overvalued

The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹204.68 as on Jun 21, 2026.

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Growth Ratio Summary
Growth Ratio SummaryGrowth Score : 6.00

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.

PoorRevenue Growth RatePoor
ExcellentOperating Profit Growth RateExcellent
ExcellentEarnings Per Share (EPS) GrowthExcellent
ExcellentAsset Growth RateExcellent
PoorNet Income Growth RatePoor
Growth RatiosMar 2024Mar 2025Mar 2026
Revenue Growth Rate122.247.47
Operating Profit Growth Rate56037.88
Earnings Per Share (EPS) Growth262.1630.6
Asset Growth Rate54.522.31
Net Income Growth Rate27533.33
01.

Revenue Growth Rate

02.

Operating Profit Growth Rate

03.

Earnings Per Share (EPS) Growth

04.

Asset Growth Rate

05.

Net Income Growth Rate

Financial Ratio Summary
Financial Ratio SummaryFinancial Score : 4.00

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.

PoorAdjusted Earnings Per Share (Adjusted EPS)Poor
WeakCash Earnings Per Share (Cash EPS)Weak
PoorBook Value Per SharePoor
PoorDividend Per Share (DPS)Poor
ExcellentCapital Expenditures (CapEx)Excellent
Financial RatiosMar 2024Mar 2025Mar 2026
Adjusted Earnings Per Share (Adjusted EPS)0.871.32.09
Cash Earnings Per Share (Cash EPS)0.872.433.48
Book Value Per Share49.2257.9164.96
Dividend Per Share (DPS)000.59
Capital Expenditures (CapEx)2734.433.7
01.

Adjusted Earnings Per Share (Adjusted EPS)

02.

Cash Earnings Per Share (Cash EPS)

03.

Book Value Per Share

04.

Dividend Per Share (DPS)

05.

Capital Expenditures (CapEx)

Profitability Ratio Summary
Profitability Ratio SummaryProfitability Score : 4.00

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.

PoorGross Profit MarginPoor
ExcellentReturn on Capital Employed (ROCE)Excellent
PoorReturn on Equity (ROE)Poor
PoorReturn on Assets (ROA)Poor
PoorOperating MarginPoor
PoorNet MarginPoor
Profitability RatiosMar 2024Mar 2025Mar 2026
Gross Profit Margin0.342.042.54
Return on Capital Employed (ROCE)3.981210
Return on Equity (ROE)0.712.252.68
Return on Assets (ROA)0.743.183.59
Operating Margin0.862.543.26
Net Margin0.340.580.72
01.

Gross Profit Margin

02.

Return on Capital Employed (ROCE)

03.

Return on Equity (ROE)

04.

Return on Assets (ROA)

05.

Operating Margin

06.

Net Margin

Efficiency Ratio Summary
Efficiency Ratio SummaryEfficiency Score : 4.67

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.

PoorFixed Asset Turnover RatioPoor
PoorInventory Turnover RatioPoor
PoorReceivables Turnover RatioPoor
ExcellentDays Sales in Inventory RatioExcellent
ExcellentReceivable DaysExcellent
PoorCapital Turnover RatioPoor
Efficiency RatiosMar 2024Mar 2025Mar 2026
Fixed Asset Turnover Ratio16.9426.5125.85
Inventory Turnover Ratio11.5322.2320.38
Receivables Turnover Ratio1.923.292.14
Days Sales in Inventory Ratio31.6616.4217.91
Receivable Days190110.94170.56
Capital Turnover Ratio2.023.793.65
01.

Fixed Asset Turnover Ratio

02.

Inventory Turnover Ratio

03.

Receivables Turnover Ratio

04.

Days Sales in Inventory Ratio

05.

Receivable Days

06.

Capital Turnover Ratio

Coverage Ratio Summary
Coverage Ratio SummaryCoverage Score : 3.20

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.

WeakInterest Coverage RatioWeak
PoorEquity Dividend Coverage RatioPoor
Coverage RatiosMar 2024Mar 2025Mar 2026
Interest Coverage Ratio1.211.41.43
Equity Dividend Coverage Ratio2.94
01.

Interest Coverage Ratio

02.

Equity Dividend Coverage Ratio

Solvency Ratio Summary
Solvency Ratio SummarySolvency Score : 10.00

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.

ExcellentDebt RatioExcellent
ExcellentDebt to Equity RatioExcellent
ExcellentEquity RatioExcellent
ExcellentDebt To Asset RatioExcellent
Solvency RatiosMar 2024Mar 2025Mar 2026
Debt Ratio0.020.030.02
Debt to Equity Ratio0.020.030.02
Equity Ratio0.980.970.98
Debt To Asset Ratio0.010.010.01
01.

Debt Ratio

02.

Debt to Equity Ratio

03.

Equity Ratio

04.

Debt To Asset Ratio

Liquidity Ratio Summary
Liquidity Ratio SummaryLiquidity Score : 2.00

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.

PoorCurrent RatioPoor
PoorQuick RatioPoor
PoorCash RatioPoor
PoorOperating Cash Flow RatioPoor
Liquidity RatiosMar 2024Mar 2025Mar 2026
Current Ratio1.661.361.33
Quick Ratio1.531.271.25
Cash Ratio0.20.190.1
Operating Cash Flow Ratio0.250.050.01
01.

Current Ratio

02.

Quick Ratio

03.

Cash Ratio

04.

Operating Cash Flow Ratio

Peer Comparison With 5 Companies

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
1Danish Power Ltd8.3729.58Neutral92.0035.5569.00
2Swelect Energy Systems Ltd7.3617.57Highly Undervalued151.0012.9158.00
3Indo Tech Transformers Ltd6.5541.06Overvalued120.0087.3593.00
4Bajel Projects Ltd5.35116.96Neutral91.002.3320.00
5HMT Ltd4.36-16.10Neutral-107.000.272534.00
Management Assessment Summary
OrangeBalanced Management

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
AverageFinancial Performance & GrowthAverage
WeakCapital Efficiency & ReturnsWeak
AverageFinancial Health & PrudenceAverage
AverageShareholding & Ownership StructureAverage
01.

Financial Performance & Growth

02.

Capital Efficiency & Returns

03.

Financial Health & Prudence

04.

Shareholding & Ownership Structure

Risk Assessment Summary
OrangeBalanced Risk

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.

AverageOff-balance sheet exposure quantificationAverage
AverageContingent liability evaluationAverage
AverageForeign exchange or interest rate exposureAverage
01.

Off-balance sheet exposure quantification

02.

Contingent liability evaluation

03.

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

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 10203.06Bullish
  3. SMA 20201.14Bullish
  4. SMA 50199.23Bullish
  5. EMA 10203.27Bullish
  6. EMA 20201.88Bullish
  7. EMA 50200.00Bullish
  8. DEMA 10205.01Bullish
  9. DEMA 20203.78Bullish
  10. DEMA 50202.44Bullish
  11. TEMA 10205.55Bullish
  12. TEMA 20204.78Bullish
  13. TEMA 50202.41Bullish
  14. MACD1.56Bullish
  15. ADX21.86Weak Trend
Momentum Indicators (7)
  1. IndicatorValueSignal
  2. RSI65.06Neutral
  3. CCI128.70Overbought
  4. ROC 94.20Bullish
  5. ROC 143.26Bullish
  6. ROC 254.48Bullish
  7. Stoch K72.28Neutral
  8. Stoch D67.76Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper207.01Neutral
  3. BB Middle201.14Neutral
  4. BB Lower195.28Neutral
  5. ATR2.75High Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. 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

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 10201.27Bullish
  3. SMA 20200.42Bullish
  4. SMA 50199.27Bullish
  5. EMA 10202.19Bullish
  6. EMA 20200.76Bullish
  7. EMA 50198.00Bullish
  8. DEMA 10204.14Bullish
  9. DEMA 20202.68Bullish
  10. DEMA 50202.80Bullish
  11. TEMA 10205.14Bullish
  12. TEMA 20203.42Bullish
  13. TEMA 50202.45Bullish
  14. MACD1.60Bullish
  15. ADX30.95Strong Trend
Momentum Indicators (7)
  1. IndicatorValueSignal
  2. RSI64.03Neutral
  3. CCI197.68Overbought
  4. ROC 93.08Bullish
  5. ROC 144.37Bullish
  6. ROC 255.34Bullish
  7. Stoch K71.85Neutral
  8. Stoch D69.03Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper205.36Overbought
  3. BB Middle200.42Neutral
  4. BB Lower195.47Neutral
  5. ATR3.70Low Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. 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

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 10200.34Bullish
  3. SMA 20198.66Bullish
  4. SMA 50191.40Bullish
  5. EMA 10200.75Bullish
  6. EMA 20198.88Bullish
  7. EMA 50192.91Bullish
  8. DEMA 10202.68Bullish
  9. DEMA 20202.48Bullish
  10. DEMA 50202.12Bullish
  11. TEMA 10203.46Bullish
  12. TEMA 20202.09Bullish
  13. TEMA 50N/AN/A
  14. MACD2.64Bullish
  15. ADX32.55Strong Trend
Momentum Indicators (7)
  1. IndicatorValueSignal
  2. RSI62.91Neutral
  3. CCI165.54Overbought
  4. ROC 92.13Bullish
  5. ROC 143.57Bullish
  6. ROC 254.88Bullish
  7. Stoch K70.79Neutral
  8. Stoch D56.66Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper205.65Overbought
  3. BB Middle198.66Neutral
  4. BB Lower191.67Neutral
  5. ATR5.81Low Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. 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

Trend Indicators (22)
  1. IndicatorValueSignal
  2. SMA 10198.94Bullish
  3. SMA 20195.23Bullish
  4. SMA 50184.65Bullish
  5. SMA 100170.95Bullish
  6. SMA 200178.86Bullish
  7. EMA 10199.14Bullish
  8. EMA 20195.09Bullish
  9. EMA 50185.50Bullish
  10. EMA 100179.71Bullish
  11. EMA 200182.79Bullish
  12. DEMA 10202.62Bullish
  13. DEMA 20202.66Bullish
  14. DEMA 50196.86Bullish
  15. DEMA 100182.69Bullish
  16. DEMA 200170.28Bullish
  17. TEMA 10202.16Bullish
  18. TEMA 20203.37Bullish
  19. TEMA 50203.86Bullish
  20. TEMA 100194.15Bullish
  21. TEMA 200176.41Bullish
  22. MACD5.58Bearish
  23. ADX34.93Strong Trend
Momentum Indicators (6)
  1. IndicatorValueSignal
  2. RSI63.46Neutral
  3. CCI81.39Neutral
  4. ROC 146.17Bullish
  5. ROC 2512.21Bullish
  6. Stoch K63.24Neutral
  7. Stoch D55.95Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper209.73Neutral
  3. BB Middle195.23Neutral
  4. BB Lower180.73Neutral
  5. ATR8.52High Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. 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

Trend Indicators (10)
  1. IndicatorValueSignal
  2. SMA 20170.10Bullish
  3. SMA 50187.45Bullish
  4. EMA 20178.77Bullish
  5. EMA 50184.36Bullish
  6. DEMA 20182.42Bullish
  7. DEMA 50168.16Bullish
  8. TEMA 20193.27Bullish
  9. TEMA 50N/AN/A
  10. MACD4.39Bullish
  11. ADX17.94Weak Trend
Momentum Indicators (6)
  1. IndicatorValueSignal
  2. RSI55.13Neutral
  3. CCI32.58Neutral
  4. ROC 1435.68Bullish
  5. ROC 2518.09Bullish
  6. Stoch K78.45Neutral
  7. Stoch D74.00Neutral
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper205.17Neutral
  3. BB Middle170.10Neutral
  4. BB Lower135.03Neutral
  5. ATR20.07Low Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. 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

Trend Indicators (14)
  1. IndicatorValueSignal
  2. SMA 6168.43Bullish
  3. SMA 12188.29Bullish
  4. SMA 24213.44Bearish
  5. EMA 6178.07Bullish
  6. EMA 12184.37Bullish
  7. EMA 24202.70Bearish
  8. DEMA 6176.95Bullish
  9. DEMA 12168.62Bullish
  10. DEMA 24N/AN/A
  11. TEMA 6185.16Bullish
  12. TEMA 12N/AN/A
  13. TEMA 24N/AN/A
  14. MACDN/AN/A
  15. ADX12.51Weak Trend
Momentum Indicators (6)
  1. IndicatorValueSignal
  2. RSIN/AN/A
  3. CCIN/AN/A
  4. ROC 25-27.63Bearish
  5. ROC 50N/AN/A
  6. Stoch KN/AN/A
  7. Stoch DN/AN/A
Volatility Indicators (4)
  1. IndicatorValueSignal
  2. BB Upper275.10Neutral
  3. BB Middle199.70Neutral
  4. BB Lower124.31Neutral
  5. ATR50.84Low Volatility
Volume Indicators (1)
  1. IndicatorValueSignal
  2. MFI37.82Neutral