Bajel Projects Limited BAJEL NSEINFRA
Company Overview
Bajel Projects Limited engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally. The company offers turnkey solutions, including engineering, designing, testing, manufacturing, executing, and commissioning of EHV transmission lines; and constructs new infrastructure, as well as the augmentation of existing infrastructure for various power distribution companies and agencies. It also engages in rural/urban electrification; primary distribution substation; and underground cabling activities. In addition, the company designs, manufactures, supplies, and installs monopoles; designs and manufactures a range of transmission, distribution poles, including single poles, twin poles, and special structures, such as cable termination poles, three poles, or quad structures; and tubular substation structures. Further, it provides lattice structure, steel tubular poles, lighting poles and masts; and galvanizing services. Bajel Projects Limited was incorporated in 2022 and is based in Mumbai, India.
Why Investors Should Care
Net profit has compounded at 460.8% per year over the last five years.
Revenue has grown at a 67.5% CAGR over the past five years.
Recent Developments
- Mar 2026 Revenue of ₹2,758.57 Cr (+7.6% YoY); net profit ₹20.28 Cr.
- Trailing 12 Months Year-on-year growth — revenue +7.6%, earnings +31.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 67.5%, profit CAGR 460.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 67.52% |
| 1 Year: | 7.65% |
Compounded Profit Growth
| 5 Years: | 460.79% |
| 1 Year: | 31.13% |
Stock Price Performance
| 1 Year: | -13.74% |
| 6 Months: | +26.08% |
| 3 Months: | -8.01% |
| 1 Month: | -5.41% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)45.56 · Neutral
P/E of 138.21 is above the sector median of 24.40 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 67.5% over 5 years.
- Profit CAGR of 460.8% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 138.2.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BAJEL Bajel Projects Limited NSEINFRA | 183.82 | 138.21 | ₹2,126.74 Cr | 0.31% | 11.66% | 2.71% | 67.52% | 460.79% |
| 2 | ADANIPOWER Adani Power Limited NSEINFRA | 207.20 | 31.30 | ₹4.00 L Cr | 0.00% | 15.13% | 19.76% | 12.51% | 6.16% |
| 3 | NTPC NTPC Limited NIFTY50NSEINFRAPSU | 332.50 | 11.92 | ₹3.22 L Cr | 3.58% | 8.95% | 13.31% | 1.87% | 16.95% |
| 4 | POWERGRID Power Grid Corporation of India Limited NIFTY50NSEAIINFRAPSU | 266.00 | 15.53 | ₹2.47 L Cr | 4.52% | 11.15% | 15.85% | 0.57% | 1.09% |
| 5 | ADANIGREEN Adani Green Energy Limited NSEINFRA | 1,301.30 | 134.85 | ₹2.14 L Cr | 0.00% | 6.35% | 8.27% | 16.60% | 19.26% |
| 6 | ADANIENSOL Adani Energy Solutions Limited NSEINFRA | 1,409.60 | 74.19 | ₹1.69 L Cr | 0.00% | 8.43% | 8.98% | 27.69% | 22.02% |
| 7 | TATAPOWER The Tata Power Company Limited NSEAIINFRA | 368.00 | 31.43 | ₹1.18 L Cr | 0.66% | 8.53% | 9.49% | 4.10% | 3.95% |
| 8 | GAIL GAIL (India) Limited NSEINFRAPSU | 173.40 | 15.04 | ₹1.14 L Cr | 3.12% | 9.12% | 8.51% | -0.86% | 10.53% |
| 9 | ENRIN Siemens Energy India Limited NSEINFRA | 3,115.70 | 100.86 | ₹1.11 L Cr | 0.12% | 29.23% | 25.11% | 63.51% | 83.35% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 489.00 Cr | 512.00 Cr | - | - | 789.73 Cr | 601.36 Cr | 606.55 Cr | 555.41 Cr | 995.26 Cr |
| Cost of Revenue | - | - | - | - | 686.22 Cr | 510.11 Cr | 496.98 Cr | 447.75 Cr | 857.28 Cr |
| Gross Profit | - | - | - | - | 103.51 Cr | 91.25 Cr | 109.57 Cr | 107.66 Cr | 137.98 Cr |
| Operating Expenses | 481.00 Cr | 505.00 Cr | - | - | 86.84 Cr | 79.31 Cr | 91.55 Cr | 85.72 Cr | 111.87 Cr |
| Operating Income | 6.00 Cr | 5.00 Cr | - | - | 16.67 Cr | 11.94 Cr | 18.02 Cr | 21.95 Cr | 26.11 Cr |
| EBITDA | 8.00 Cr | 7.00 Cr | - | - | 27.33 Cr | 24.57 Cr | 27.47 Cr | 21.92 Cr | 36.33 Cr |
| Interest Expense | 10.00 Cr | 9.00 Cr | - | - | 16.95 Cr | 15.87 Cr | 17.02 Cr | 16.22 Cr | 14.31 Cr |
| Pretax Income | 6.00 Cr | 7.00 Cr | - | - | 6.33 Cr | 4.09 Cr | 5.64 Cr | 47.08 L | 16.98 Cr |
| Tax Provision | -60.00 L | 1.82 Cr | - | - | 1.51 Cr | 1.13 Cr | 2.03 Cr | 89.23 L | 2.84 Cr |
| Net Income | 7.00 Cr | 6.00 Cr | - | - | 4.82 Cr | 2.96 Cr | 3.60 Cr | -42.15 L | 14.14 Cr |
| Diluted EPS | 0.61 | 0.48 | - | - | 0.42 | 0.26 | 0.31 | -0.04 | 1.22 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 586.81 Cr | 1,140.00 Cr | 2,562.61 Cr | 2,758.57 Cr |
| Cost of Revenue | 488.48 Cr | 969.86 Cr | 2,239.17 Cr | 2,340.16 Cr |
| Gross Profit | 98.33 Cr | 170.13 Cr | 323.44 Cr | 418.42 Cr |
| Operating Expenses | 112.04 Cr | 158.79 Cr | 270.75 Cr | 329.07 Cr |
| Operating Income | -13.71 Cr | 11.35 Cr | 52.69 Cr | 89.34 Cr |
| EBITDA | 13.40 Cr | 23.00 Cr | 90.17 Cr | 110.29 Cr |
| Interest Expense | 7.40 Cr | 13.49 Cr | 53.51 Cr | 63.42 Cr |
| Pretax Income | -27.62 L | 3.68 Cr | 23.97 Cr | 27.18 Cr |
| Tax Provision | 1.30 Cr | -60.81 L | 8.51 Cr | 6.90 Cr |
| Net Income | -1.58 Cr | 4.29 Cr | 15.46 Cr | 20.28 Cr |
| Diluted EPS | -0.14 | 0.37 | 1.33 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Total Assets | 935.13 Cr | 1,342.87 Cr | 2,074.90 Cr | 2,538.46 Cr |
| Current Assets | 789.61 Cr | 1,100.99 Cr | 1,556.68 Cr | 2,118.72 Cr |
| Cash & Equivalents | 65.25 L | 46.61 Cr | 55.68 Cr | 23.72 Cr |
| Inventory | 88.47 Cr | 101.05 Cr | 127.61 Cr | 138.51 Cr |
| Receivables | 369.32 Cr | 607.12 Cr | 970.66 Cr | 1,633.78 Cr |
| Total Liabilities | 377.77 Cr | 776.70 Cr | 1,408.63 Cr | 1,790.90 Cr |
| Current Liabilities | 365.20 Cr | 747.36 Cr | 1,378.47 Cr | 1,761.44 Cr |
| Long Term Debt | - | - | - | - |
| Total Debt | 72.12 L | 14.91 Cr | 375.60 Cr | 366.81 Cr |
| Total Equity | 557.36 Cr | 566.17 Cr | 666.27 Cr | 747.57 Cr |
| Shares Outstanding | 11.51 Cr | 11.53 Cr | 11.56 Cr | 11.57 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating Cash Flow | 10.56 Cr | 195.37 Cr | 69.13 Cr | 21.09 Cr |
| Investing Cash Flow | -2.72 Cr | -134.83 Cr | -128.13 Cr | 19.10 Cr |
| Financing Cash Flow | -7.97 Cr | -14.58 Cr | 68.07 Cr | -72.14 Cr |
| Capital Expenditure | -2.76 Cr | -27.05 Cr | -34.48 Cr | -33.77 Cr |
| Free Cash Flow | 7.80 Cr | 168.32 Cr | 34.65 Cr | -12.68 Cr |
| Net Change in Cash | -12.65 L | 45.96 Cr | 9.07 Cr | -31.96 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Gross Margin % | 16.8% | 14.9% | 12.6% | 15.2% |
| Operating Margin % | -2.3% | 1.0% | 2.1% | 3.2% |
| Net Margin % | -0.3% | 0.4% | 0.6% | 0.7% |
| ROE % | -0.3% | 0.8% | 2.3% | 2.7% |
| ROCE % | -2.4% | 1.9% | 7.6% | 11.5% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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BAJEL — Frequently Asked Questions
What is the current share price of Bajel Projects Limited (BAJEL)?
As of 2026-09-08 04:53 IST, Bajel Projects Limited (BAJEL) trades at ₹183.82 on NSE. Its 52-week range is ₹136.80 to ₹223.80.
What is the market capitalisation of BAJEL?
Bajel Projects Limited (BAJEL) has a market capitalisation of ₹2,126.74 Cr on NSE.
What is the P/E ratio of BAJEL?
BAJEL trades at a trailing price-to-earnings (P/E) ratio of 138.21. The industry average P/E is 24.40. Its price-to-book (P/B) ratio is 2.97.
Does BAJEL pay a dividend?
Bajel Projects Limited (BAJEL) currently offers a dividend yield of 0.31%.
What is the return on equity (ROE) of BAJEL?
BAJEL has a return on equity (ROE) of 2.71%. Its return on capital employed (ROCE) is 11.66%.
Is BAJEL a good stock to buy?
This page provides a data-driven analysis of Bajel Projects Limited (BAJEL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.