| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 567 | 608 | −6.7% |
| EBITDA | 18.5 | 16.6 | +12.0% |
| EBITDA margin | 3.3% | 2.7% | +0.5 pts |
| Profit before tax | 6.9 | 4.4 | +54.7% |
| Net profit | 4.7 | 3.0 | +60.1% |
| EPS | ₹0.41 | ₹0.26 | +57.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 |
|---|
| 1,887 | — | — | — | |
| 23.7 | 23.7 | 55.7 | 46.6 | |
| 350 | 350 | 121 | — | |
| 2,213 | — | — | — | |
| 2,751 | 2,792 | 2,598 | — | |
| — | +7.4% | — | — | |
| 99.7 | 97.7 | 59.3 | — | |
| 3.6% | 3.5% | 2.3% | — | |
| 79.7 | 78.0 | 46.6 | — | |
| 22.1 | 20.3 | 15.5 | — | |
| 0.8% | 0.7% | 0.6% | — | |
| ₹1.91 | ₹1.75 | ₹1.34 | — | |
| — | +31.1% | — | — | |
| — | 21.1 | 69.1 | 195 | |
| — | −33.8 | −34.5 | −27.1 | |
| −12.7 | −12.7 | 34.6 | 168 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 1,887.1 | |
| - Cash, Equiv & ST Investments | 46.6 | 55.7 | 23.7 | 23.7 | |
| + Total Debt | — | 121.0 | 350.0 | 350.0 | |
| Enterprise Value | — | — | — | 2,213.4 | |
| Revenue | — | 2,598.2 | 2,791.6 | 2,750.8 | |
| Growth %, YoY | — | — | +7.4 | — | |
| EBITDA | — | 59.3 | 97.7 | 99.7 | |
| Margin % | — | 2.28 | 3.50 | 3.62 | |
| EBIT | — | 46.6 | 78.0 | 79.7 | |
| Net Income | — | 15.5 | 20.3 | 22.1 | |
| Margin % | — | 0.60 | 0.73 | 0.80 | |
| EPS, Adj (current shares) | — | 1.34 | 1.75 | 1.91 | |
| Growth %, YoY | — | — | +31.1 | — | |
| Cash from Operations | 195.4 | 69.1 | 21.1 | — | |
| Capital Expenditures | -27.1 | -34.5 | -33.8 | — | |
| Free Cash Flow | 168.3 | 34.6 | -12.7 | -12.7 | |
Prices at the previous close · figures from the company's filings with NSE
Bajel Projects (NSE: BAJEL) had a market capitalisation of ₹1,887 crore at the previous close (₹163.11 a share), a PE ratio of 85.6 on the last four quarters' profit and a price-to-book ratio of 2.52. In FY26 its consolidated net profit was ₹20.3 crore on revenue of ₹2,792 crore; in Q1 FY27 (April–June 2026) it was ₹4.7 crore, up 60.1% year on year. Its debt-to-equity ratio was 0.47 on 31 March 2026. Promoters held 62.52% of the shares on 30 September 2026.
Bajel Projects' PE ratio is 85.6 at the previous close (₹163.11 a share): a market capitalisation of ₹1,887 crore divided by consolidated net profit of ₹22.1 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹20.3 crore) it is 93.1. These four quarters include net exceptional items of −₹7.7 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Bajel Projects' price-to-book (PB) ratio is 2.52 at the previous close: a market capitalisation of ₹1,887 crore divided by shareholders' equity (book value) of ₹748 crore on 31 March 2026. That is a book value of ₹64.61 per share against a share price of ₹163.11.
In FY26, Bajel Projects' return on equity (ROE) was 2.9% and its return on capital employed (ROCE) was 10.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
Bajel Projects' market capitalisation was ₹1,887 crore at the previous close: 11.57 crore shares at ₹163.11 each.
Bajel Projects' basic earnings per share (EPS) were ₹1.75 in FY26, against ₹1.34 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹1.90.
In 2026, Bajel Projects has declared one dividend: ₹0.60 with record date 31 July 2026.
No. Bajel Projects had borrowings of ₹350 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.47. Its cash and current investments were ₹183 crore, so its net debt was ₹167 crore.
Bajel Projects' debt-to-equity ratio was 0.47 on 31 March 2026: borrowings of ₹350 crore against total equity of ₹748 crore. A year earlier, on 31 March 2025, it was 0.18.
Bajel Projects' dividend yield is 0.37% at the previous close: dividends of ₹0.60 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹163.11. They were ₹0.60 on 31 July 2026.
Bajel Projects' net worth — shareholders' equity in its consolidated balance sheet — was ₹748 crore on 31 March 2026, up 12.2% from ₹666 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,887 crore at the previous close.
Promoters held 62.52% of Bajel Projects on 30 September 2026, down 0.01 percentage points from 62.53% the previous quarter and down 0.03 percentage points from 62.55% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Bajel Projects generated ₹21.1 crore of cash from operations and spent ₹33.8 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹12.7 crore. In FY25 it was ₹34.6 crore.
Bajel Projects' book value per share was ₹64.61 on 31 March 2026: shareholders' equity of ₹748 crore divided by the 11.57 crore shares in issue, up 12.1% from ₹57.63 a year earlier. The share price at the previous close was ₹163.11.
Bajel Projects' latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit ₹4.7 crore, up 60.1% from ₹3 crore in Q1 FY26; revenue from operations ₹567 crore, down 6.7% year on year.
In FY26, Bajel Projects earned net profit of ₹20.3 crore on revenue of ₹2,792 crore, against ₹46.3 crore on ₹245 crore for Marsons. Bajel Projects' operating margin was 2.8% (Marsons 16.9%) and its return on equity 2.9% (Marsons 21.3%).
On 30 September 2026, Bajel Projects' shares were held by promoters 62.52%, foreign portfolio investors (FII/FPI) 0.32%, domestic institutions (DII) 9.14% (including mutual funds at 9.14%) and retail and other non-institutional investors 28.02%. Over the year, FII holding was down 0.35 percentage points from 0.67% and DII holding was up 0.48 percentage points from 8.66%.
In FY26 (April 2025–March 2026), Bajel Projects' consolidated net profit was ₹20.3 crore, up 31.1% from ₹15.5 crore in FY25, on revenue from operations of ₹2,792 crore (up 7.4%).
On FY26 consolidated figures, against Marsons, Exicom Tele-Systems and Bharat Bijlee: Bajel Projects' operating margin of 2.8% is the third highest of the four (Marsons 16.9%, Exicom Tele-Systems −19.1%, Bharat Bijlee 6.0%; peer average 1.3%); its return on equity of 2.9% is the third highest of the four (Marsons 21.3%, Exicom Tele-Systems −43.3%, Bharat Bijlee 6.1%; peer average −5.3%).
Bajel Projects will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
From Bajel Projects' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.