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Employees: 5,105
Size PRAJ Industries (PRAJIND.NS) is an India Industrials company (Engineering & Construction) with a market value of $486M, the 851st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹250.11 on 6 Nov 2026.
Performance Over six months the shares fell 38.0%, against -15.6% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 1.8% over the last twelve months (peer median -3.6%); the operating margin is 1.5% (peer median 3.9%).
Valuation It trades at 35.5× forward earnings against a peer median of 13.8× (most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +30 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 12.2 points below its cost of capital (16.3% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹32.5B | ₹31.6B | ₹32.3B | ₹34.7B | ₹35.3B |
| Revenue growth | — | -2% | -7% | -2% | — |
| Gross profit | ₹9.88B | ₹4.21B | ₹6.15B | ₹6.71B | ₹5.82B |
| EBITDA | ₹1.53B | ₹1.58B | ₹3.15B | ₹3.72B | ₹3.08B |
| Net income | ₹340M | ₹238M | ₹2.19B | ₹2.83B | ₹2.40B |
| Free cash flow | n/a | ₹1.71B | -₹296M | ₹1.26B | ₹1.34B |
| Capital expenditure | n/a | ₹444M | ₹870M | ₹893M | ₹353M |
| Total debt | ₹1.38B | ₹1.73B | ₹1.95B | ₹1.69B | ₹421M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PRAJIND.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.7% | -7.1% | 4th lowest of 21 |
| 6-month return | -38.0% | -15.6% | 3rd lowest of 21 |
| Distance from 52-week high | -41.5% | -35.2% | 5th lowest of 21 |
| Revenue growth (TTM) | +1.8% | -3.6% | 8th highest of 21 |
| Operating margin | 1.5% | 3.9% | 9th lowest of 21 |
| Forward P/E | 35.5× | 13.8× | most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 49.1% | -0.2% | most demanding of 11 |
| Growth delivered (Del g) | +19.4% | +2.6% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | +29.8 pp | -9.9 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | -12.2 pp | -2.2 pp | 4th lowest of 21 |
| Net debt / EBITDA | -2.5× | -1.5× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PRAJ Industries PRAJIND.NS | India | $486M | -38% | +2% | 2% | 35.5× | 49.1% | +19.4% |
| Fukuda 1899.T | Japan | $483M | +10% | +6% | 6% | n/a | -19.9% | -2.0% |
| Shanghai Yanhua Smartech 002178.SZ | China | $492M | -21% | -22% | -5% | n/a | n/a | n/a |
| Hwang Chang General Contractor 2543.TW | Taiwan | $480M | -32% | +31% | 14% | n/a | n/a | n/a |
| Shenzhen Glory Medical 002551.SZ | China | $479M | -17% | -3% | -17% | n/a | n/a | n/a |
| TOA ROAD 1882.T | Japan | $479M | -4% | -4% | 5% | n/a | -8.4% | +1.6% |
| Jiu Han System Technology 6903.TWO | Taiwan | $494M | -40% | +196% | 27% | 6.7× | -3.0% | +11.0% |
| Concrete Pumping BBCP | United States | $479M | +20% | +7% | 12% | 32.6× | 9.9% | +5.2% |
| Meisei Industrial 1976.T | Japan | $478M | -12% | -5% | 13% | n/a | -9.6% | +3.6% |
| Poly Union Chemical 002037.SZ | China | $477M | -23% | -11% | -8% | n/a | n/a | n/a |
| Hindustan Construction HCC.NS | India | $500M | -26% | -21% | 12% | 15.0× | n/a | n/a |
| Chengdu Road & Bridge Engineering 002628.SZ | China | $472M | -24% | +1% | -23% | n/a | 24.8% | -16.2% |
| Zhengping Road & Bridge Construction 603843.SS | China | $469M | -50% | -15% | -18% | n/a | n/a | n/a |
| Dayu Irrigation 300021.SZ | China | $506M | -26% | -15% | 4% | 12.8× | n/a | n/a |
| Continental 3703.TW | Taiwan | $509M | 0% | +7% | 6% | n/a | 0.0% | +9.7% |
| Guizhou Transportation Planning Survey & Design Academe 603458.SS | China | $462M | -14% | -19% | -35% | n/a | -0.4% | -13.7% |
| Delpha Construction 2530.TW | Taiwan | $462M | -11% | -59% | 26% | 2.3× | n/a | n/a |
| Polimex - Mostostal PXM.WA | Poland | $462M | -14% | +21% | 4% | 13.8× | 2.2% | +20.7% |
| Moreld MORLD.OL | Norway | $513M | +34% | -23% | 3% | 13.9× | 0.6% | -23.1% |
| Zhongtongguomai Communication 603559.SS | China | $455M | -1% | +1% | -18% | n/a | n/a | n/a |
| Tengda Construction 600512.SS | China | $452M | -21% | +32% | -3% | n/a | n/a | n/a |