| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 849 | 842 | +0.9% |
| EBITDA | 52.4 | 55.8 | −6.2% |
| EBITDA margin | 6.2% | 6.6% | −0.5 pts |
| Profit before tax | 36.1 | 29.6 | +22.0% |
| Net profit | 23.2 | 19.3 | +20.1% |
| EPS | ₹1.26 | ₹1.05 | +20.0% |
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 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,673 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 467 | 549 | 484 | 571 | 557 | ||
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | ||
| 4,206 | — | — | — | — | ||
| 3,251 | 3,168 | 3,228 | 3,466 | 3,528 | ||
| — | −1.9% | −6.9% | −1.8% | — | ||
| 153 | 152 | 325 | 388 | 318 | ||
| 4.7% | 4.8% | 10.1% | 11.2% | 9.0% | ||
| 49.1 | 46.2 | 238 | 344 | 288 | ||
| 34.0 | 23.8 | 219 | 283 | 240 | ||
| 1.0% | 0.8% | 6.8% | 8.2% | 6.8% | ||
| ₹2.52 | ₹1.30 | ₹11.79 | ₹15.42 | ₹0.00 | ||
| — | −89.0% | −23.5% | +11,75,651.0% | — | ||
| — | 200 | 43.0 | 199 | 162 | ||
| — | −44.4 | −87.0 | −89.3 | −35.2 | ||
| 156 | 156 | −44.1 | 110 | 127 | ||
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 | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,672.6 | |
| - Cash, Equiv & ST Investments | 557.0 | 570.5 | 484.3 | 549.3 | 466.7 | |
| + Minority Interest | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| Enterprise Value | — | — | — | — | 4,206.0 | |
| Revenue | 3,528.0 | 3,466.3 | 3,228.0 | 3,167.9 | 3,250.9 | |
| Growth %, YoY | — | -1.8 | -6.9 | -1.9 | — | |
| EBITDA | 318.0 | 387.8 | 324.8 | 151.8 | 153.0 | |
| Margin % | 9.01 | 11.19 | 10.06 | 4.79 | 4.71 | |
| EBIT | 287.8 | 343.8 | 238.4 | 46.2 | 49.1 | |
| Net Income | 239.8 | 283.4 | 218.9 | 23.8 | 34.0 | |
| Margin % | 6.80 | 8.18 | 6.78 | 0.75 | 1.05 | |
| EPS, Adj (current shares) | 0.00 | 15.42 | 11.79 | 1.30 | 2.52 | |
| Growth %, YoY | — | +11,75,651.0 | -23.5 | -89.0 | — | |
| Cash from Operations | 162.1 | 199.4 | 43.0 | 200.1 | — | |
| Capital Expenditures | -35.2 | -89.3 | -87.0 | -44.4 | — | |
| Free Cash Flow | 126.9 | 110.1 | -44.1 | 155.7 | 155.7 | |
Prices at the previous close · figures from the company's filings with NSE
Praj Industries (NSE: PRAJIND) had a market capitalisation of ₹4,673 crore at the previous close (₹254.20 a share), a PE ratio of 100.8 on the last four quarters' profit and a price-to-book ratio of 3.66. In FY26 its consolidated net profit was ₹23.8 crore on revenue of ₹3,168 crore; in Q2 FY27 (July–September 2026) it was ₹23.2 crore, up 20.1% year on year. It had no borrowings on 30 September 2026. Promoters held 32.81% of the shares on 30 September 2026.
Praj Industries' PE ratio is 100.8 at the previous close (₹254.20 a share): a market capitalisation of ₹4,673 crore divided by consolidated net profit of ₹46.4 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹23.8 crore) it is 196.0. These four quarters include net exceptional items of −₹26.4 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Praj Industries' price-to-book (PB) ratio is 3.66 at the previous close: a market capitalisation of ₹4,673 crore divided by shareholders' equity (book value) of ₹1,278 crore on 30 September 2026. That is a book value of ₹69.53 per share against a share price of ₹254.20.
In FY26, Praj Industries' return on equity (ROE) was 1.8% and its return on capital employed (ROCE) was 3.1%. 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). In FY25, ROE was 16.3% and ROCE 15.9%.
Praj Industries' market capitalisation was ₹4,673 crore at the previous close: 18.38 crore shares at ₹254.20 each.
Yes. Praj Industries had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹528 crore of cash, bank balances and current investments.
Praj Industries' basic earnings per share (EPS) were ₹1.30 in FY26, against ₹11.91 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹1.85.
Praj Industries' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹1,278 crore. A year earlier, on 30 September 2025, it was 0.00.
Praj Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,278 crore on 30 September 2026, down 1.8% from ₹1,301 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,673 crore at the previous close.
In FY26, Praj Industries generated ₹200 crore of cash from operations and spent ₹44.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹156 crore. In FY25 it was −₹44.1 crore.
Praj Industries' book value per share was ₹69.53 on 30 September 2026: shareholders' equity of ₹1,278 crore divided by the 18.38 crore shares in issue, down 1.8% from ₹70.79 a year earlier. The share price at the previous close was ₹254.20.
Praj Industries' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹23.2 crore, up 20.1% from ₹19.3 crore in Q2 FY26; revenue from operations ₹849 crore, up 0.9% year on year.
In FY26 (April 2025–March 2026), Praj Industries' consolidated net profit was ₹23.8 crore, down 89.0% from ₹217 crore in FY25, on revenue from operations of ₹3,168 crore (down 1.9%). Over three years, from FY23, net profit was null.
Praj Industries' dividend yield is 1.42% at the previous close: dividends of ₹3.60 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹254.20. They were ₹3.60 on 6 August 2026.
In 2026, Praj Industries has declared one dividend: ₹3.60 with record date 6 August 2026.
Promoters held 32.81% of Praj Industries on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Praj Industries' shares were held by promoters 32.81%, foreign portfolio investors (FII/FPI) 16.75%, domestic institutions (DII) 15.68% (including mutual funds at 15.05%) and retail and other non-institutional investors 34.77%. Over the year, FII holding was down 0.77 percentage points from 17.52% and DII holding was up 0.84 percentage points from 14.84%.
Praj Industries has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Praj Industries earned net profit of ₹23.8 crore on revenue of ₹3,168 crore, against ₹350 crore on ₹2,181 crore for Triveni Turbine. Praj Industries' operating margin was 1.5% (Triveni Turbine 19.1%) and its return on equity 1.8% (Triveni Turbine 26.3%).
On FY26 consolidated figures, against Triveni Turbine, Paras Defence and Space Technologies and Quality Power Electrical Equipments: Praj Industries' operating margin of 1.5% is the lowest of the four (Triveni Turbine 19.1%, Paras Defence and Space Technologies 21.7%, Quality Power Electrical Equipments 17.3%; peer average 19.4%); its return on equity of 1.8% is the lowest of the four (Triveni Turbine 26.3%, Paras Defence and Space Technologies 12.9%, Quality Power Electrical Equipments 25.1%; peer average 21.4%).
From Praj Industries' 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.