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Bajel Projects Limited BAJEL NSEINFRA

Utilities · Utilities - Regulated Electric · India
https://www.bajelprojects.com
Company Profile ↓
₹184.55
-25.17% 1Y
Mkt Cap₹2,135.19 Cr
P/E138.76
P/B2.96
Div. Yield0.32%
52W High₹257.57
52W Low₹137.27
Book Value₹64.61
EPS (TTM)₹1.33

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

Consistent Profit Growth

Net profit has compounded at 460.8% per year over the last five years.

Steady Revenue Expansion

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:-25.17%
6 Months:+8.81%
3 Months:+3.26%
1 Month:-7.49%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 39% of range
₹137.27 ₹257.57
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)40.92 · Neutral
Price Performance
1M-7.49%
3M+3.26%
6M+8.81%
1Y-25.17%
Valuation vs Sector

P/E of 138.76 is above the sector median of 30.12 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

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 138.8.
  • Trading 28.4% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
138.76
Industry PE
30.12
Forward P/E
12.30
PEG Ratio
-
Book Value
₹64.61
Price to Book
2.96
P/S
0.79
EV/EBITDA
24.56
Dividend Yield
0.32%

Growth (CAGR)

Revenue 5Y
67.52%
Profit 5Y
460.79%
Revenue (YoY)
7.65%
Earnings (YoY)
31.13%

Profitability & Returns

ROCE
11.66%
ROE
2.71%
ROA
0.80%
Profit Margin
0.74%
Op Margin
2.83%
Gross Margin
16.35%
EPS (Latest Qtr)
₹1.22
EPS (TTM)
₹1.33

Balance Sheet & Liquidity

Debt/Equity
0.49
Quick Ratio
1.12
Current Ratio
1.20
Debt
₹366.81 Cr
Total Assets
₹2,538.46 Cr
Current Assets
₹2,118.72 Cr
Working Capital
₹357.28 Cr

Ownership

Promoter Holding
62.79%
Chg in Prom Hold
-0.03%
FII / Inst Holding
9.49%
Chg in FII Hold
-0.15%

Financial Snapshot

Enterprise Value
₹2,135.19 Cr
Total Revenue (TTM)
₹2,758.57 Cr
EBITDA
₹110.29 Cr
Free Cash Flow
₹-12.68 Cr
Operating Cash Flow
₹21.09 Cr
Shares Outstanding
₹11.57 Cr
Gross Margin
16.35%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Utilities).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 BAJEL Bajel Projects Limited NSEINFRA 184.55 138.76 ₹2,135.19 Cr 0.32% 11.66% 2.71% 67.52% 460.79%
2 ADANIPOWER Adani Power Limited NSEINFRA 223.26 33.73 ₹4.31 L Cr 0.00% 15.13% 19.76% 12.51% 6.16%
3 NTPC NTPC Limited NIFTY50NSEINFRAPSU 346.55 12.42 ₹3.36 L Cr 3.29% 9.27% 13.31% 2.49% 16.95%
4 POWERGRID Power Grid Corporation of India Limited NIFTY50NSEAIINFRAPSU 284.15 17.34 ₹2.64 L Cr 4.33% 10.70% 15.85% 2.02% 1.09%
5 ADANIGREEN Adani Green Energy Limited NSEINFRA 1,596.50 165.44 ₹2.63 L Cr 0.00% 6.35% 8.27% 16.60% 19.26%
6 ADANIENSOL Adani Energy Solutions Limited NSEINFRA 1,700.00 187.85 ₹2.04 L Cr 0.00% 8.43% 8.98% 27.69% 22.02%
7 ENRIN Siemens Energy India Limited NSEINFRA 3,438.90 111.33 ₹1.22 L Cr 0.11% 29.23% 25.11% 63.51% 83.35%
8 TATAPOWER The Tata Power Company Limited NSEAIINFRA 380.25 30.64 ₹1.22 L Cr 0.66% 8.53% 9.49% 4.10% 3.95%
9 GAIL GAIL (India) Limited NSEINFRAPSU 172.29 14.94 ₹1.13 L Cr 7.20% 9.12% 8.51% -0.86% 10.53%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 489.00 Cr512.00 Cr--789.73 Cr601.36 Cr606.55 Cr555.41 Cr995.26 Cr
Cost of Revenue ----686.22 Cr510.11 Cr496.98 Cr447.75 Cr857.28 Cr
Gross Profit ----103.51 Cr91.25 Cr109.57 Cr107.66 Cr137.98 Cr
Operating Expenses 481.00 Cr505.00 Cr--86.84 Cr79.31 Cr91.55 Cr85.72 Cr111.87 Cr
Operating Income 6.00 Cr5.00 Cr--16.67 Cr11.94 Cr18.02 Cr21.95 Cr26.11 Cr
EBITDA 8.00 Cr7.00 Cr--27.33 Cr24.57 Cr27.47 Cr21.92 Cr36.33 Cr
Interest Expense 10.00 Cr9.00 Cr--16.95 Cr15.87 Cr17.02 Cr16.22 Cr14.31 Cr
Pretax Income 6.00 Cr7.00 Cr--6.33 Cr4.09 Cr5.64 Cr47.08 L16.98 Cr
Tax Provision -60.00 L1.82 Cr--1.51 Cr1.13 Cr2.03 Cr89.23 L2.84 Cr
Net Income 7.00 Cr6.00 Cr--4.82 Cr2.96 Cr3.60 Cr-42.15 L14.14 Cr
Diluted EPS 0.610.48--0.420.260.31-0.041.22

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 586.81 Cr1,140.00 Cr2,562.61 Cr2,758.57 Cr
Cost of Revenue 488.48 Cr969.86 Cr2,209.53 Cr2,307.52 Cr
Gross Profit 98.33 Cr170.13 Cr353.08 Cr451.05 Cr
Operating Expenses 112.04 Cr158.79 Cr306.49 Cr373.03 Cr
Operating Income -13.71 Cr11.35 Cr46.59 Cr78.02 Cr
EBITDA 13.40 Cr23.00 Cr90.17 Cr110.29 Cr
Interest Expense 7.40 Cr13.49 Cr53.51 Cr63.42 Cr
Pretax Income -27.62 L3.68 Cr23.97 Cr27.18 Cr
Tax Provision 1.30 Cr-60.81 L8.51 Cr6.90 Cr
Net Income -1.58 Cr4.29 Cr15.46 Cr20.28 Cr
Diluted EPS -0.140.371.33-

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 935.13 Cr1,342.87 Cr2,074.90 Cr2,538.46 Cr
Current Assets 789.61 Cr1,100.99 Cr1,556.68 Cr2,118.72 Cr
Cash & Equivalents 65.25 L46.61 Cr55.68 Cr23.72 Cr
Inventory 88.47 Cr101.05 Cr127.61 Cr138.51 Cr
Receivables 369.32 Cr607.12 Cr970.66 Cr1,633.78 Cr
Total Liabilities 377.77 Cr776.70 Cr1,408.63 Cr1,790.90 Cr
Current Liabilities 365.20 Cr747.36 Cr1,373.74 Cr1,761.44 Cr
Long Term Debt ----
Total Debt 72.12 L14.91 Cr140.01 Cr366.81 Cr
Total Equity 557.36 Cr566.17 Cr666.27 Cr747.57 Cr
Shares Outstanding 11.51 Cr11.53 Cr11.56 Cr11.57 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 10.56 Cr195.37 Cr69.13 Cr21.09 Cr
Investing Cash Flow -2.72 Cr-134.83 Cr-128.13 Cr19.10 Cr
Financing Cash Flow -7.97 Cr-14.58 Cr68.07 Cr-72.14 Cr
Capital Expenditure -2.76 Cr-27.05 Cr-34.48 Cr-33.77 Cr
Free Cash Flow 7.80 Cr168.32 Cr34.65 Cr-12.68 Cr
Net Change in Cash -12.65 L45.96 Cr9.07 Cr-31.96 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % 16.8%14.9%13.8%16.4%
Operating Margin % -2.3%1.0%1.8%2.8%
Net Margin % -0.3%0.4%0.6%0.7%
ROE % -0.3%0.8%2.3%2.7%
ROCE % -2.4%1.9%6.6%10.0%

Shareholding Pattern

Insiders
62.79%
Institutions
9.49%
Public Float
25.50%

Analyst View

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Latest News

Recent headlines for BAJEL

Google News Mon, 13 Jul 2026

3 Indian Growth Stocks With High Insider Ownership Worth A Closer Look - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi4AFBVV95cUxNXzBMWWtXeFRNZTJQMEF0czFxdDlZaXFuelc0SnJwbmlrNUd2VGhhQmJSMWt4QXVrOW9NNEY4RFVVd1kzS19YazlZTXpUYWNXSDJZS29oN0k1YmtfUDNmUjlqWWZ4bzFnTEoyVkF5ZFpDS1RUbWJKdzhZRV80bzJwNE9KR3Y1dlpla0V6al…

Google News ue, 14 Jul 2026

Bajel Projects to host analyst meet on July 21, 2026 - scanx.trade

<a href="https://news.google.com/rss/articles/CBMirAFBVV95cUxQSkVjaExlNHpkOHNyY05DckJkMUxUQ05kTGdBTFRTRkhSRm11YVQtWHdzQ1NaZ1FabVI2WVpzZDBUTEhBTlZ1TXdJcGJldG9jTUNPcXZRWXRDZVd2VmxRXzdsTnE0VHlBMG1WdGNsNUZpLXEyMUozRC05N25iOGlObzA3T19wZDNfaFBrTG…

Google News Fri, 10 Jul 2026

Indian Growth Stocks With High Insider Ownership That Deserve A Closer Look - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi3gFBVV95cUxPSmhyZWprMUIyX2RMaS1ldHVLWFF4d0dLZUJJVjlXNmNOelpXaFBmd2RjRUlmTDN4N1N1NEp6SHNzVVFkSTRrVzVSdkpRQUt3VWsxNXl4a2FJMG42bC1aLU1nUTdJdkZUSjNuZWk4Q0VxUllIdWhxOGJ3R3hCSFNnN0p0QkhmQXQzbFEwV3…

Google News Wed, 29 Apr 2026

Bajel Projects secures 500 kV transmission project in MENA region - Business Standard

<a href="https://news.google.com/rss/articles/CBMi4AFBVV95cUxNVDNLd0NzeFk4VGxWU29TcFRXUE01WW1ybTFSeE55MTMyTHZFdHdCZ3llV09Kdk1VSGV1Q1RQdmhJcW96YjNNVl9heHQtTHFoSWk3NEtuNW9VWG5UY0pmckpmSjJ5V1lUQ2NLNTVHcWYwZjkxdmdiZGFqNVBkRi1qRUM4aUdBNVh1eW9sRG…

Google News Wed, 03 Jun 2026

Bajel Projects Consolidated March 2026 Net Sales at Rs 1,007.77 crore, up 25.75% Y-o-Y - Moneycontrol.com

<a href="https://news.google.com/rss/articles/CBMi4wFBVV95cUxNck4wdkFLaHgydFNDSUR1Mnpwckhwb3BsZDEtQ2JHbThPdDRfTDVHVHV6QzFFTXpPT0xfeG1QUmNhSGZzX053MV9NaFZxVTl3QTRJeGJ0aG4tY1Fyc0lFcXZkZTVVSDlMNk53SG9lREx6UFBPanZobU1YR29mNXhXYlR5VS15NnlZNmtoUV…

Google News Fri, 29 May 2026

Bajel Projects Q4 Profit Surges 227% to ₹15.7 Cr as Revenue Hits ₹1,000 Cr - Sahi

<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxOdGQzMzM4TGEwUGlnNmRFUWJhRnNFOU5ZcUZwNDRwLWFJd0s0RUE0ZWJheFFnUE4wSW1lekU5NGFJRTM4eHZ1OV8weTBJaVBydVhxR1JkX1o3cEFMVllqcVZmWkpoVzlJOWp4bldiUnJsX2k3b20zdEYwWFV4dXhiREF2SmNGcmlod29XNH…

BAJEL — Frequently Asked Questions

What is the current share price of Bajel Projects Limited (BAJEL)?

As of 2026-07-15 09:52 IST, Bajel Projects Limited (BAJEL) trades at ₹184.55 on NSE. Its 52-week range is ₹137.27 to ₹257.57.

What is the market capitalisation of BAJEL?

Bajel Projects Limited (BAJEL) has a market capitalisation of ₹2,135.19 Cr on NSE.

What is the P/E ratio of BAJEL?

BAJEL trades at a trailing price-to-earnings (P/E) ratio of 138.76. The industry average P/E is 30.12. Its price-to-book (P/B) ratio is 2.96.

Does BAJEL pay a dividend?

Bajel Projects Limited (BAJEL) currently offers a dividend yield of 0.32%.

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.

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