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Praj Industries (PRAJIND)₹250.80−1.44%Industrial Products
In the Sep 2026 quarter (consolidated), Praj Industries reported sales of ₹846 Cr, up 0.8% from Sep 2025, and net profit of ₹22.96 Cr, up 21.0% year on year. For the year to Mar 2026, sales were ₹3,157 Cr and net profit ₹23.96 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 826 | 1,015 | 696 | 813 | 850 | 857 | 638 | 840 | 838 | 842 | 714 | 846 |
| Expenses | 729 | 884 | 604 | 727 | 777 | 781 | 606 | 782 | 797 | 817 | 683 | 793 |
| Operating Profit | 98.24 | 131 | 92.25 | 86.32 | 73.27 | 75.28 | 31.09 | 56.17 | 41.15 | 23.08 | 30.09 | 52.15 |
| OPM % | 12.0% | 13.0% | 13.0% | 11.0% | 9.0% | 8.9% | 4.9% | 7.0% | 4.9% | 2.8% | 4.2% | 6.0% |
| Other Income | 8.99 | 10.99 | 39.97 | 13.99 | 13.99 | 9.99 | 8.99 | 4.99 | −22.99 | 32.99 | 19.99 | 12.01 |
| Interest | 3.99 | 3.99 | 4.99 | 4.99 | 3.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 3.99 | 2.99 |
| Depreciation | 10.96 | 14.94 | 19.93 | 20.94 | 22.93 | 21.93 | 24.93 | 26.89 | 26.91 | 26.88 | 24.90 | 24.90 |
| Profit before tax | 92.25 | 123 | 107 | 74.24 | 59.22 | 58.19 | 10.04 | 30.09 | −13.04 | 24.10 | 21.07 | 36.10 |
| Tax % | 23.1% | 25.1% | 21.1% | 28.1% | 30.1% | 32.1% | 44.1% | 35.1% | −4.0% | 51.1% | 45.1% | 36.1% |
| Exceptional items | 0.00 | 0.00 | 22.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −21.88 | 1.42 | 0.00 | 0.00 |
| Net Profit | 69.93 | 91.86 | 83.86 | 53.92 | 40.96 | 39.92 | 4.99 | 18.97 | −11.98 | 11.98 | 11.99 | 22.96 |
| EPS (Rs) | 3.82 | 4.98 | 4.57 | 2.92 | 2.23 | 2.16 | 0.28 | 1.04 | −0.66 | 0.62 | 0.62 | 1.25 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,021 | 913 | 914 | 1,137 | 1,098 | 1,300 | 2,336 | 3,517 | 3,453 | 3,218 | 3,157 | 3,240 |
| Expenses | 906 | 843 | 862 | 1,058 | 1,020 | 1,187 | 2,141 | 3,206 | 3,080 | 2,903 | 3,000 | 3,092 |
| Operating Profit | 114 | 69.20 | 52.13 | 79.30 | 78.23 | 112 | 195 | 309 | 373 | 315 | 156 | 146 |
| OPM % | 10.9% | 8.0% | 6.0% | 7.0% | 7.0% | 8.9% | 8.0% | 8.9% | 11.0% | 9.9% | 4.9% | 4.5% |
| Other Income | 17.99 | 21.99 | 26.97 | 31.96 | 29.96 | 26.01 | 35.99 | 45.01 | 58.99 | 88.89 | 20.99 | 42.00 |
| Interest | 1.99 | 0.99 | 0.99 | 0.99 | 2.99 | 2.99 | 2.99 | 4.99 | 9.98 | 17.95 | 19.96 | 16.96 |
| Depreciation | 24.91 | 21.93 | 23.91 | 22.91 | 21.93 | 21.92 | 22.93 | 29.87 | 43.84 | 85.71 | 106 | 104 |
| Profit before tax | 105 | 68.26 | 53.19 | 88.27 | 83.30 | 113 | 206 | 320 | 378 | 300 | 50.20 | 68.23 |
| Tax % | 22.1% | 34.1% | 26.1% | 22.1% | 15.1% | 28.1% | 27.1% | 25.0% | 25.1% | 27.1% | 52.1% | — |
| Exceptional items | 1.01 | 1.01 | 5.02 | 8.03 | 4.01 | 0.00 | 4.01 | 4.01 | 9.03 | 61.21 | 4.01 | −20.46 |
| Net Profit | 81.83 | 44.97 | 38.95 | 67.94 | 69.92 | 80.86 | 150 | 240 | 283 | 219 | 23.96 | 34.95 |
| EPS (Rs) | 4.62 | 2.48 | 2.17 | 3.72 | 3.84 | 4.40 | 8.15 | 13.02 | 15.36 | 11.88 | 1.29 | 1.83 |
| Dividend payout % | 35.1% | 65.1% | 74.1% | 57.1% | 70.1% | 49.1% | 51.1% | 34.1% | 39.1% | 50.1% | 278.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 34.89 | 35.84 | 35.88 | 35.87 | 36.84 | 36.83 | 36.84 | 36.88 | 36.88 | 36.86 | 36.85 | 36.89 |
| Reserves | 586 | 620 | 674 | 690 | 708 | 682 | 765 | 879 | 1,040 | 1,237 | 1,345 | 1,271 |
| Borrowings | 17.04 | 16.04 | 4.02 | 6.02 | 0.00 | 0.00 | 0.00 | 21.07 | 42.14 | 169 | 196 | 173 |
| Other Liabilities | 505 | 485 | 474 | 402 | 502 | 443 | 792 | 1,281 | 1,500 | 1,452 | 1,580 | 1,576 |
| Total Liabilities | 1,144 | 1,157 | 1,187 | 1,134 | 1,247 | 1,162 | 1,594 | 2,217 | 2,619 | 2,895 | 3,156 | 3,058 |
| Fixed Assets | 303 | 273 | 270 | 298 | 291 | 295 | 285 | 287 | 318 | 476 | 568 | 562 |
| CWIP | 0.99 | 0.99 | 30.96 | 3.99 | 1.99 | 1.99 | 0.99 | 1.99 | 6.99 | 42.91 | 17.97 | 5.99 |
| Investments | 158 | 145 | 134 | 201 | 211 | 164 | 335 | 462 | 542 | 496 | 427 | 417 |
| Other Assets | 681 | 738 | 752 | 631 | 744 | 702 | 975 | 1,466 | 1,752 | 1,881 | 2,143 | 2,073 |
| Inventories | 226 | 101 | 105 | 80.70 | 125 | 111 | 129 | 344 | 333 | 220 | 252 | 265 |
| Trade receivables | 281 | 368 | 296 | 263 | 306 | 331 | 455 | 514 | 798 | 646 | 558 | 561 |
| Cash & equivalents | 100 | 82.15 | 74.13 | 80.21 | 88.19 | 49.11 | 132 | 155 | 145 | 213 | 181 | 204 |
| Total Assets | 1,144 | 1,157 | 1,187 | 1,134 | 1,247 | 1,162 | 1,594 | 2,217 | 2,619 | 2,895 | 3,156 | 3,058 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 150 | 51.13 | 20.05 | 101 | 33.07 | 15.03 | 226 | 189 | 162 | 199 | 43.10 | 200 |
| Cash from investing activity | −77.22 | 2.01 | −8.03 | −69.19 | −3.01 | 66.25 | −165 | −137 | −78.32 | −6.02 | 75.32 | 4.01 |
| Cash from financing activity | −40.12 | −68.18 | −4.01 | −25.08 | −43.10 | −98.26 | −6.02 | −44.14 | −93.30 | −124 | −162 | −187 |
| Net cash flow | 32.96 | −14.98 | 8.98 | 7.99 | −13.99 | −17.98 | 54.92 | 5.99 | −8.99 | 69.91 | −41.95 | 15.99 |
| Capex | 16.05 | 13.05 | 37.12 | 16.06 | 14.05 | 7.03 | 9.03 | 19.05 | 35.13 | 88.34 | 87.26 | 44.15 |
| Free cash flow | 154 | 39.12 | −16.04 | 85.22 | 19.06 | 8.02 | 218 | 169 | 127 | 111 | −1.01 | 157 |
| CFO / OP % | 151.0% | 76.0% | 59.0% | 221.0% | 68.0% | 42.0% | 213.0% | 120.0% | 73.0% | 82.0% | 46.0% | 175.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 101 | 131 | 118 | 105 | 98 | 109 | 127 | 80 | 82 | 68 | 63 | 64 |
| Inventory days | 164 | 79 | 82 | 63 | 76 | 73 | 64 | 86 | 55 | 41 | 56 | 60 |
| Days payable | 129 | 163 | 168 | 138 | 141 | 125 | 170 | 107 | 85 | 93 | 107 | 133 |
| Cash conversion cycle | 137 | 48 | 33 | 30 | 33 | 59 | 21 | 60 | 54 | 16 | 12 | −8 |
| Working capital days | 27 | 47 | 67 | 52 | 40 | 66 | 13 | 5 | 9 | 17 | 33 | 17 |
| ROCE % | 12.1% | 16.1% | 10.1% | 6.0% | 11.1% | 11.1% | 15.1% | 23.1% | 31.1% | 29.1% | 18.1% | 6.0% |
For the Sep 2026 quarter, Praj Industries reported sales of ₹846 Cr, up 0.8% year on year and net profit of ₹22.96 Cr, up 21.0% year on year. The operating margin was 6.0%.
Praj Industries' sales for the year to Mar 2026 were ₹3,157 Cr; over the last twelve months they were ₹3,240 Cr.
Net profit for the year to Mar 2026 was ₹23.96 Cr, and ₹34.95 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.83.
Praj Industries reported borrowings of ₹173 Cr at Mar 2026, against cash and equivalents of ₹204 Cr.
Cash from operations was ₹200 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹157 Cr.