MarketFriction

Prajay Engineers Syndicate Ltd

NSE PRAENG · BSE 531746 · Residential, Commercial Projects
₹20.09 -5.15%
NSE close2026-10-01
52 week range17.00 - 33.88
Market cap₹157 Cr.
ASM long-term Price band 20% Delivery 72.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2.7820.8026.374.7125.6711.5215.5614.718.558.077.094.86
Expenses7.7227.1050.579.7431.1915.4529.7920.4015.259.5515.387.87
Operating Profit-4.94-6.30-24.20-5.03-5.52-3.93-14.23-5.69-6.70-1.48-8.29-3.01
OPM %-177.70%-30.29%-91.77%-106.79%-21.50%-34.11%-91.45%-38.68%-78.36%-18.34%-116.93%-61.93%
Other Income0.740.521.300.810.851.151.283.711.471.851.651.68
Interest1.620.040.120.080.130.060.180.090.120.140.220.11
Depreciation0.950.960.950.951.020.920.790.830.830.930.890.89
Profit before tax-6.77-6.78-23.97-5.25-5.82-3.76-13.92-2.90-6.18-0.70-7.75-2.33
Tax %-2.07%0.88%0.63%2.29%6.70%7.45%2.95%10.00%4.85%44.29%3.87%10.30%
Net Profit-6.63-6.84-24.12-5.37-6.21-4.04-14.34-3.20-6.47-1.02-8.06-2.57
EPS in Rs-0.95-0.92-3.38-0.67-0.83-0.47-1.99-0.43-0.93-0.16-1.14-0.36
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales936941495038933057573829
Expenses1067445494934885094866148
Operating Profit-14-5-4-1155-20-37-29-22-19
OPM %-15%-8%-10%-1.2%2.9%12%6%-67%-64%-50%-58%-68%
Other Income8565312193497
Interest1416191556542011
Depreciation665444444434
Profit before tax-27-22-21-15-4-4-2-9-39-29-18-17
Tax %9%9%4%-6%20%22%32%3%2%4%7%
Net Profit-29-24-22-15-5-5-2-9-40-30-19-18
EPS in Rs-4.08-3.33-3.17-2.05-0.75-0.71-0.35-1.31-5.57-3.96-2.66-2.59
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-8%0%9%-58%
Compounded Profit Growth3%%%30%
Stock Price CAGR9%2%17%-10%
Return on Equity-3%-4%-6%-4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital707070707070707070707070
Reserves556574550528509505500497486447417408
Borrowings296269274260207195193187173182174164
Other Liabilities371377388446497458456399214201179162
Total Liabilities1,2931,2901,2821,3041,2831,2281,2181,153943900839804
Fixed Assets156149144139135132134132128126151152
CWIP18019721523626627127127511111490103
Investments575757575757575757575757
Other Assets899887865872825767756689647604541492
Total Assets1,2931,2901,2821,3041,2831,2281,2181,153943900839804
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity25256334915757241924
Cash from Investing Activity-21-17-20-20-30-6-6-5-1-3-6-14
Cash from Financing Activity15-35-34-12-19-10-11-27-9-7
Net Cash Flow-5120-0-2-0-052843
Free Cash Flow-193637121891-1620137
CFO/OP-21%-394%-1,098%-761%-8,392%701%134%84%-36%-65%-67%-110%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7958731,1091,8381,4361,2811,6936641,613631416419
Inventory Days
Days Payable
Cash Conversion Cycle7958731,1091,8381,4361,2811,6936641,613631416419
Working Capital Days1,3191,4501,6142,3891,7171,6862,0918644,6571,9831,6342,236
ROCE %-2%-1%-1%-1%0%0%0%0%-1%-5%-4%-3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters33.58%33.58%35.64%36.80%36.80%36.80%36.80%36.80%36.80%36.80%36.80%36.80%
FIIs0.00%0.01%0.00%0.00%0.01%0.00%0.03%0.02%0.02%0.00%0.00%0.00%
Public66.41%66.40%64.34%63.19%63.18%63.19%63.16%63.19%63.19%63.21%63.20%63.20%
No. of Shareholders19,47119,20618,21818,69119,19619,08020,19619,83119,83119,24818,83918,790

Fundamentals

Market Cap₹ 157 Cr.
Current Price₹ 22.4
Book Value₹ 68.4
ROCE-2.62 %
ROE-3.86 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-58%
Compounded Profit Growth (TTM)30%
Consolidated figures.
Valuation
Market capRs 141 Cr
Enterprise valueRs 262 Cr
Price to book0.29x
Price to sales4.92x
EV / sales9.16x
Price to cash flow5.78x
Earnings yield-12.93%
P/B, 3-year average0.30x
P/B, 5-year average0.24x
Profitability
Operating margin (excl. other income)-57.69%
Operating margin (incl. other income)-35.10%
EBITDA margin-44.91%
Pre-tax margin-59.36%
Net profit margin-63.56%
Net margin, latest quarter-52.06%
ROE-3.86%
ROCE-2.61%
ROA-2.27%
ROE, 3-year average-5.55%
ROCE, 3-year average-3.98%
ROA, 3-year average-3.23%
ROE, 5-year average-3.74%
ROCE, 5-year average-2.44%
ROA, 5-year average-2.15%
ROIC (approx.)-2.92%
Tax rate-6.84%
Other income / net worth1.82%
Growth
Sales growth (latest year)-33.12%
Sales CAGR, 3 years8.81%
Sales CAGR, 5 years0.03%
Sales growth QoQ-31.45%
Sales growth YoY (latest quarter)-66.96%
Per share
EPS (TTM)Rs -2.60
EPS (latest year)Rs -2.66
EPS (latest quarter)Rs -0.36
EPS, 3-year averageRs -4.06
EPS, 5-year averageRs -2.77
Book value per shareRs 68.35
Sales per shareRs 4.09
Cash flow per shareRs 3.47
Free cash flow per shareRs 1.00
Efficiency
Asset turnover0.05x
Fixed asset turnover0.25x
Inventory turnover0.10x
Inventory days3641 days
Debtor days419 days
Debtors turnover0.87x
Cash conversion cycle419 days
Working capital days2236 days
Leverage
Total debtRs 164 Cr
Cash and bankRs 43 Cr
Net debtRs 121 Cr
Debt to equity0.34x
Interest coverage-27.75x
Owners' fund to total sources59.44%
Debt to assets20.38%
Cash flow
Cash from Operating Activity (latest year)Rs 24 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 7 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Sales to cash flow1.58x
Statement figures
Net sales (TTM)Rs 29 Cr
Net sales (latest year)Rs 38 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs -22 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs -13 Cr
PBDT (TTM)Rs -13 Cr
Profit before tax (TTM)Rs -17 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs -18 Cr
Net profit (latest year)Rs -19 Cr
Net profit (latest quarter)Rs -3 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 36 Cr
Total expenditure (latest year)Rs 61 Cr
Total income (latest year)Rs 47 Cr
Share capitalRs 70 Cr
ReservesRs 408 Cr
Shareholders' fundsRs 478 Cr
Total assetsRs 804 Cr
Net blockRs 152 Cr
Capital work in progressRs 103 Cr
InvestmentsRs 57 Cr
ReceivablesRs 44 Cr
InventoryRs 354 Cr
Other liabilitiesRs 162 Cr
Shares outstanding (crore)6.99
Ownership
Promoter holding36.80% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.29 is at the 73th percentile (median 0.17).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPRAENGNifty 50Difference
1 week-12.1%-2.8% -9.3 pts
1 month-17.8%-6.8% -11.0 pts
3 months+0.4%-7.6% +8.0 pts
6 months+12.5%+0.4% +12.1 pts
1 year-18.7%-9.9% -8.7 pts
2 years-47.7%-13.6% -34.2 pts
3 years+49.4%+14.2% +35.2 pts
5 years+2.5%+27.9% -25.4 pts

Red flags

F-score 5 of 8
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹5 Cr -67.0% vs Jun 2025. Net loss ₹3 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-20Annual General Meeting
2022-09-22Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-22 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-18 Annual General Meeting
2017-09-18 Annual General Meeting
2017-02-28 Extra-Ordinary General Meeting
2016-08-05 Annual General Meeting
2015-09-22 Annual General Meeting
2014-09-18Annual General Meeting
2013-10-21Annual General Meeting
2012-09-24Annual General Meeting
2011-09-19Annual General Meeting
2010-09-23Annual General Meeting
2009-09-23Annual General Meeting
2008-09-18Agm/Dividend - 25% Bc Start Date Revised
2007-09-14Agm/Dividend-25% Purpose Revised
DateTypeWhat it says
2026-10-01AppointmentAppointment of M/s. R B AssociatesM/s. G P Reddy & Associates as Other of the company w.e.f. April 01, 2026.
2026-10-01Shareholder meetingVoting results of Annual General Meeting held on September 29, 2025
2026-09-29Shareholder meetingSub: Outcome and Proceedings of 32nd Annual General Meeting of the company.Reg: PRAJAY ENGINEERS SYNDICATE LIMITED ( The Company )Ref: Regulation 30 o...
2026-09-07Shareholder meetingShareholders meetingSub: Submission of Notice of 32nd (Thirty Second) Annual General Meeting of the Members of the Company for the Financial Year 202...
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.Sub: Regulation 30 SEBI (LODR) Regulations - Outcome of the Meeting of Board of Directors of Praja...
2026-09-03Price movementSignificant movement in price has been observed in Prajay Engineers Syndicate Limited. The Exchange, in order to ensure that investors have latest rel...
2026-09-02Price movementSignificant movement in price has been observed in Prajay Engineers Syndicate Limited. The Exchange, in order to ensure that investors have latest rel...
2026-08-14Board meeting outcomePrajay Engineers Syndicate Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.Sub: Submission of Unaudited...
2026-06-19Disclosure under SEBI TakeovD. Vijaysen Reddy has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-05-25Board meeting outcomePrajay Engineers Syndicate Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.Sub: Submission of Audited...
2026-02-12Board meeting outcomePrajay Engineers Syndicate Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.Sub: Submission of Unau...
2025-11-19AllotmentAllotment of 7269566 securities pursuant to Preferential Issue at its meeting held on November 19, 2025Sub: Regulation 30 of the Securities and Exchan...
2025-11-13Board meeting outcomePrajay Engineers Syndicate Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-10-08General UpdatesGeneral UpdatesSubject: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Clarification regarding Object of the Issues as mentioned ...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-02-01NCLTCrystal Swimming Pools (INDIA) Pvt Ltd Vs Prajay Engineers Syndicate Ltd
2020-03-12NCLTIngersoll Rand Climate Solutions Pvt Ltd Vs Prajay Engineers Syndicate Ltd
2019-03-06NCLTD.Hymavathi Reddy Vs Prajay Engineers Syndicate Ltd & 24 others
2018-10-05NCLATD. Hymavathi Reddy VS Prajay Engineers Syndicate Ltd. & Ors.
2018-09-24NCLATD. Hymavathi Reddy VS Prajay Engineers Syndicate Ltd. & Ors.
2018-08-27NCLATD. Hymavathi Reddy VS Prajay Engineers Syndicate Ltd. & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)Long Term Additional Surveillance Measure (Long Term ASM): stage 1Loss making
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03