Bajel Projects Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Sept 2026 | Electrical Equipment | Market Cap: ₹2.2K Cr
Bajel Projects targets revenue growth upwards of 15% for FY27, emphasizing quality-led growth rather than scale alone. Bajel Projects targets over 15% revenue growth for FY27, focusing on scale to absorb fixed costs.
From Bajel Projects Ltd's Q4 FY26 earnings-call transcript · updated 3 Sept 2026.
Price
₹186
Market Cap
₹2.2K Cr
P/E Ratio
82.7
Revenue Rank
Margin Rank
How does Bajel Projects Ltd rank in Electrical Equipment?
Compare Bajel Projects Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
Bajel Projects Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.0K Cr, net profit ₹14 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Bajel Projects targets revenue growth upwards of 15% for FY27, emphasizing quality-led growth rather than scale alone.
- →The current order book stands slightly below INR3,500 crores, with new orders worth over INR1,000 crores secured in early FY27.
- →The company is L1 or in advanced stages of negotiation for orders worth INR2,000 crores.
- →Active pursuit of opportunities totaling INR22,000 crores supports robust order book growth.
- →Expansion of manufacturing capacity from 45,000 metric tonnes to 110-120,000 metric tonnes per annum is expected to enhance execution capacity and margins.
- →Market opportunities remain strong domestically and in select international markets such as Middle East, North Africa, and parts of Africa.
- →The company remains cautiously optimistic, acknowledging industry challenges but confident in sector growth driven by increasing power demand, renewable integration, and government infrastructure outlays.
See what Bajel Projects Ltd said on profitability & margins — free account, 30 seconds.
🏗️ Capital Expenditure Plans
Yes- →Bajel Projects is expanding its manufacturing facility at Ranjangaon near Pune to increase capacity from ~45,000 metric tonnes to 110,000-120,000 metric tonnes per annum through a phased capex of INR170 crores.
- →Phase 1 and 2 of the expansion are expected to be operational by end of FY27, with around 60-70% of the capex (~INR130-140 crores) spent on these phases.
- →The expansion includes commissioning a large galvanizing bath (Aug FY26), increasing transmission tower capacity from 2,000 to 6,000 metric tonnes per month, and adding a new monopole production line by end of FY28.
- →Funding comprises INR120 crores via term loan and INR50 crores from internal investments.
- →Strategic collaboration via a tripartite SPV with NIIF and AnantGrid to jointly bid for and execute power transmission projects; Bajel takes a small equity stake with financing largely by partners.
- →Entered a 50-50 JV with Al Sharif in Saudi Arabia for growth in the Middle East power transmission market.
See what Bajel Projects Ltd said on fundraising & capital structure — free account, 30 seconds.
📋 Order Book & Pipeline
Yes- →As of March 31, 2026, Bajel Projects Limited's unexecuted order book stood at INR 3,442 crores.
- →The company received order inflows of approximately INR 3,100 crores during FY25-26, a 55% YoY increase.
- →In the first 40 days of the current financial year (FY27), orders worth INR 1,000 crores were secured, including the first order from the Middle East and North Africa region valued at approximately INR 400 crores.
- →Bajel is L1 or in advanced negotiation stages for orders worth over INR 2,000 crores.
- →The company is actively pursuing opportunities totaling INR 22,000 crores.
- →Expected ending order book for FY27 is projected between INR 4,000 crores to INR 5,000 crores, subject to successful bidding and project wins.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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Frequently Asked Questions
What were Bajel Projects Ltd Q4 FY26 results?
Bajel Projects targets revenue growth upwards of 15% for FY27, emphasizing quality-led growth rather than scale alone. Bajel Projects targets over 15% revenue growth for FY27, focusing on scale to absorb fixed costs.
What is Bajel Projects Ltd share price analysis?
Bajel Projects Ltd currently shows a below-average growth signal. The stock trades at a P/E of 82.7 with a market cap of ₹2,231 Cr. Investors should review the full earnings analysis for detailed insights.
Is Bajel Projects Ltd planning capital expenditure?
Bajel Projects is expanding its manufacturing facility at Ranjangaon near Pune to increase capacity from ~45,000 metric tonnes to 110,000-120,000 metric tonnes per annum through a phased capex of INR170 crores.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.