Praj Industries Limited (PRAJIND) Fair Value & Analysis

Industrials · IN · Market cap ₹66.2B

Below-average quality, and screening another 89% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹34.05). The favourable scenario is already priced in.
• Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ₹182.82 – ₹833.80 · fair‑value band ₹22.29 – ₹34.05 · the ₹319.65 price screens above the ₹33.78 fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

Praj Industries Limited (PRAJIND) currently trades at ₹319.65, while our model-based Fair Value estimate is ₹33.78, implying the stock looks roughly 89.4% overvalued today. We read business quality at 48/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Praj Industries Limited generated revenue of ₹31.7B at a net margin of 0.8%. Revenue declined 1.8% year over year. It earns a return on equity of 1.8%. The balance sheet holds a net cash position of ₹307M. Fundamentals as of Aug 8, 2026

Our scenario range runs from ₹22.29 (bear case) to ₹34.05 (bull case); at ₹319.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -89%, PRAJIND screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (₹99.83) versus Earnings-Based (₹10.26). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Praj Industries Limited operates in the field of bio-based technologies and engineering in India and internationally. The company offers solutions for the ethanol industry, including multi-feed multi-product plants, modernization of existing plants, and renewable fuels comprising BioCNG, iso-butanol, etc.; and high purity system solutions for the biopharma …

Full company description

Praj Industries Limited operates in the field of bio-based technologies and engineering in India and internationally. The company offers solutions for the ethanol industry, including multi-feed multi-product plants, modernization of existing plants, and renewable fuels comprising BioCNG, iso-butanol, etc.; and high purity system solutions for the biopharma industry, sterile formulations, topical and oral formulations, personal care, and nutraceutical industry. It also provides customized plants, and equipment and technology solutions to customers in the brewing and beverage industry; reactors, pressure vessels, heat exchangers, columns, and proprietary equipment to hydrocarbon industry, petrochemicals, industrial gas plants, and chemical plants; and modular process packages. In addition, the company offers wastewater treatment solutions, including treatment and disposal; 3Rs of reduce, recycle, and reuse; ZLD and resource recovery; operation and maintenance services; and value added services. Praj Industries Limited was incorporated in 1985 and is headquartered in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Praj Industries Limited reported revenue of ₹31.7B in FY2026 versus ₹23.4B in FY2022, a compound +7.8%/yr. Reported net income was ₹238M in FY2026, compounding −36.9%/yr from FY2022.

PRAJIND screens 89% overvalued. Compare with Larsen & Toubro Limited →

Peer Group

Engineering & Construction · 837 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.