ScoreWhy is Bajel Projects Ltd ?
1
Poor Management Efficiency with a low ROE of 3.82%
- The company has been able to generate a Return on Equity (avg) of 3.82% signifying low profitability per unit of shareholders funds
2
Flat results in Sep 25
- INTEREST(9M) At Rs 49.84 cr has Grown at 36.29%
- PAT(Latest six months) At Rs 6.56 cr has Grown at -28.54%
- NET SALES(Q) At Rs 613.83 cr has Fallen at -8.9% (vs previous 4Q average)
3
With ROE of 3, it has a Expensive valuation with a 3.8 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -33.40%, its profits have fallen by -43.1%
4
Falling Participation by Institutional Investors
- Institutional investors have decreased their stake by -1.29% over the previous quarter and collectively hold 9.33% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
5
Below par performance in long term as well as near term
- Along with generating -33.40% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Bajel Projects should be less than 10%
- Overall Portfolio exposure to Heavy Electrical Equipment should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Heavy Electrical Equipment)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Bajel Projects for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Bajel Projects
-5.41%
-0.68
49.26%
Sensex
-5.12%
0.44
11.83%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
54.52%
EBIT Growth (5y)
312.28%
EBIT to Interest (avg)
1.04
Debt to EBITDA (avg)
2.47
Net Debt to Equity (avg)
0.25
Sales to Capital Employed (avg)
2.32
Tax Ratio
25.35%
Dividend Payout Ratio
0
Pledged Shares
2.55%
Institutional Holding
10.08%
ROCE (avg)
3.88%
ROE (avg)
3.75%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
82
Industry P/E
37
Price to Book Value
3.09
EV to EBIT
32.36
EV to EBITDA
25.51
EV to Capital Employed
2.68
EV to Sales
0.89
PEG Ratio
0.76
Dividend Yield
NA
ROCE (Latest)
8.27%
ROE (Latest)
3.75%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Dow Theory
No Trend
No Trend
OBV
Bullish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend25What is working for the Company
OPERATING PROFIT TO INTEREST(Q)
Highest at 2.18 times
NET SALES(Q)
Highest at Rs 1,007.77 cr
PBDIT(Q)
Highest at Rs 31.15 cr.
PBT LESS OI(Q)
Highest at Rs 10.22 cr.
PAT(Q)
Highest at Rs 14.14 cr.
EPS(Q)
Highest at Rs 1.22
-2What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 1.69 times
NON-OPERATING INCOME(Q)
is 39.81 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Bajel Projects
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 10.22 cr has Grown at 1684.5% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs -0.65 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 14.14 cr has Grown at 416.1% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 2.74 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Net Sales - Quarterly
At Rs 1,007.77 cr has Grown at 55.9% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 646.31 CrMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Operating Profit to Interest - Quarterly
Highest at 2.18 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales - Quarterly
Highest at Rs 1,007.77 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 31.15 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 10.22 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 14.14 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 1.22
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Here's what is not working for Bajel Projects
Non Operating Income - Quarterly
is 39.81 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Debtors Turnover Ratio- Half Yearly
Lowest at 1.69 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
