This analysis examines Praj Industries Ltd. (PRAJIND) through the lens of its financial statements, valuation metrics, and institutional ownership patterns.
Praj Industries Revenue Trend
A 6.6% revenue drop brought Praj Industries Ltd.'s top line down to ₹3,279 Cr in FY2025.
The 10-year revenue CAGR of 12.5% is a good number — Praj Industries Ltd.'s top line has expanded meaningfully from ₹1,012 Cr to ₹3,279 Cr.
With a top line of ₹3,279 Cr, Praj Industries Ltd. operates at a mid-sized scale within the engineering sector.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹3,279 Cr | -6.6% |
| FY2024 | ₹3,510 Cr | -1.5% |
| FY2023 | ₹3,564 Cr | +51.2% |
| FY2022 | ₹2,357 Cr | +78.1% |
| FY2021 | ₹1,324 Cr | — |
View Praj Industries Ltd.'s full 10-year revenue trend with CAGR analysis →
Praj Industries Profitability
Year-over-year, Praj Industries Ltd.'s bottom line dropped 22.7% from ₹283 Cr to ₹219 Cr in FY2025.
On the margin front, the picture weakened — net margin fell to 6.7% from 8.1%.
On an EPS basis, the company earned ₹11.91 (diluted) in FY2025 versus ₹15.42 in FY2024.
Is Praj Industries Undervalued
Running the numbers through the P/E Ratio model gives a fair value of ₹509 for Praj Industries Ltd..
Praj Industries Ltd. shares are currently trading at ₹344.55.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹509 | 47.7% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for Praj Industries Ltd. with detailed assumptions →
Praj Industries Shareholding Pattern
No change in promoter stake — it has held at 32.8% for the past 4 quarters.
FII holding stands at 17.7%, up from 16.9% in the year-ago quarter.
As of March 2026, DIIs own 12.7% of the company — down from 17.4% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 32.8% | 17.7% | 12.7% | 36.8% |
| Dec 2025 | 32.8% | 17.3% | 13.6% | 36.2% |
| Sep 2025 | 32.8% | 17.5% | 14.8% | 34.8% |
| Jun 2025 | 32.8% | 16.9% | 17.4% | 32.9% |
Track quarterly shareholding changes for Praj Industries Ltd. →
Praj Industries Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹31.60B at the end of FY2025, up 9.1% from ₹28.95B a year earlier.
Other Assets is the largest block at 38.4%, followed by Receivables at 17.6% and Cash & ST Investments at 15.3%.
Equity makes up 43.7% of liabilities and equity, with debt at 6.2% and operating liabilities at 50.1%. Over the year, debt is up 15.1% and equity is up 8.4%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 4.84B |
| Receivables | 5.56B |
| Inventories | 2.53B |
| Property, Plant & Equipment | 4.64B |
| Investments | 697.79M |
| Intangibles & Goodwill | 1.21B |
| Other Assets | 12.12B |
| Category | Value |
|---|---|
| Equity | 13.82B |
| Short-term Debt | 445.70M |
| Long-term Debt | 1.50B |
| Trade Payables | 4.82B |
| Other Liabilities | 11.01B |
Praj Industries — The Bottom Line
In summary, Praj Industries Ltd. (PRAJIND) presents the following picture for fundamental analysts.
Revenue of ₹3,279 Cr in FY2025, down 6.6% year-over-year.
Long-term revenue has been compounding at 12.5% annually over 10 years.
The company is profitable, with a net margin of 6.7% and net income of ₹219 Cr.
The P/E Ratio model implies 47.7% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Get the complete view of Praj Industries Ltd. on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.