Praj Industries Ltd Share Price ₹332 | P/E 101.6

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Praj Industries Ltd

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	911	1,004	737	882	829	1,019	699	816	853	860	640	842	841
Expenses +	825	896	661	798	731	888	607	730	780	786	609	786	794
Operating Profit	86	108	75	84	98	131	92	86	73	74	31	56	47
OPM %	9%	11%	10%	10%	12%	13%	13%	11%	9%	9%	5%	7%	6%
Other Income +	8	16	12	11	9	11	40	14	14	12	9	5	-29
Interest	1	2	1	1	4	4	5	5	4	5	5	5	5
Depreciation	7	9	9	9	11	15	20	21	23	22	25	27	27
Profit before tax	86	113	78	85	92	123	107	74	59	58	10	30	-13
Tax %	27%	22%	24%	26%	23%	25%	21%	28%	30%	32%	44%	35%	-4%
Net Profit +	62	88	59	62	70	92	84	54	41	40	5	19	-12
EPS in Rs	3.39	4.80	3.19	3.39	3.83	5.00	4.58	2.93	2.24	2.17	0.29	1.05	-0.67

Financials of Praj Industries Ltd

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	986	1,012	1,024	915	917	1,141	1,102	1,305	2,343	3,528	3,466	3,228	3,183
Expenses +	907	919	910	846	865	1,062	1,024	1,192	2,149	3,220	3,094	2,913	2,974
Operating Profit	79	93	114	69	52	79	78	112	194	308	372	315	209
OPM %	8%	9%	11%	8%	6%	7%	7%	9%	8%	9%	11%	10%	7%
Other Income +	23	34	18	22	27	32	30	26	36	45	59	89	-3
Interest	1	2	2	1	1	1	3	3	3	5	10	19	20
Depreciation	24	38	25	22	24	23	22	22	23	30	44	86	101
Profit before tax	77	86	105	68	53	88	83	113	205	319	377	299	85
Tax %	27%	9%	22%	34%	26%	22%	15%	28%	27%	25%	25%	27%
Net Profit +	57	78	82	45	39	68	70	81	150	240	283	219	52
EPS in Rs	3.08	4.30	4.63	2.49	2.18	3.73	3.85	4.42	8.18	13.05	15.42	11.91	2.84
Dividend Payout %	72%	38%	35%	65%	74%	57%	70%	49%	51%	34%	39%	50%

Financials of Praj Industries Ltd

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	35	35	36	36	36	37	37	37	37	37	37	37	37
Reserves	547	587	620	674	690	708	683	765	879	1,041	1,238	1,345	1,264
Borrowings +	21	17	16	4	6	0	0	18	21	42	169	195	210
Other Liabilities +	670	504	485	473	401	502	442	774	1,281	1,499	1,450	1,581	1,722
Total Liabilities	1,274	1,144	1,157	1,187	1,133	1,247	1,162	1,594	2,218	2,619	2,894	3,157	3,233
Fixed Assets +	323	302	272	270	297	290	294	284	286	317	474	567	585
CWIP	2	1	1	31	4	2	2	1	2	7	43	18	13
Investments	91	158	145	134	201	211	164	335	463	543	497	428	189
Other Assets +	859	682	738	752	631	744	702	975	1,467	1,752	1,880	2,144	2,446
Total Assets	1,274	1,144	1,157	1,187	1,133	1,247	1,162	1,594	2,218	2,619	2,894	3,157	3,233

Financials of Praj Industries Ltd

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-3	150	51	20	101	33	15	225	188	162	199	43
Cash from Investing Activity +	19	-77	2	-8	-69	-3	66	-164	-137	-78	-6	75
Cash from Financing Activity +	-40	-40	-68	-4	-25	-43	-98	-6	-44	-93	-124	-161
Net Cash Flow	-24	33	-15	9	8	-14	-18	55	6	-9	70	-42
Free Cash Flow	-42	154	39	-16	85	19	8	217	169	127	111	-1
CFO/OP	31%	151%	76%	59%	221%	68%	42%	213%	120%	73%	82%	46%

Financials of Praj Industries Ltd

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	119	101	131	118	105	98	109	127	80	82	68	63
Inventory Days	170	164	79	82	63	76	73	64	86	55	41	56
Days Payable	153	128	162	167	137	140	124	169	106	84	92	106
Cash Conversion Cycle	136	137	48	33	30	33	59	21	60	54	16	12
Working Capital Days	47	26	46	66	51	39	65	12	4	8	16	32
ROCE %	11%	12%	16%	10%	6%	11%	11%	15%	23%	31%	29%	18%