Praj Industries Share Price

The key financial highlights of the company's performance for Q2 FY 2018-19, ended 30 June 2018, are as follows:

1. The company's income from the operations stood at Rs.251.03 crore, as against Rs.207.87 crore for the same period in the previous year.
2. The PBT (profit before tax) stood at Rs.12.86 crore, as compared to Rs.5.86 crore for Q2 FY18.
3. The company's PAT (profit after tax) stood at Rs.8.94 crore, as against Rs.4.74 crore for the same period in the previous year.
4. As on 30 September 2018, the consolidated order backlog stood at Rs.900 crore of which 74% were domestic orders while international orders amounted to 26%.
5. Praj Industries received the 'Pune Best-In-Class Manufacturing Leadership Award 2018' in the 'Heavy Equipment' category.
6. In 2018, the company was listed among the 'Top 50 Hottest Companies in Advanced Bioeconomy' globally by Biofuels Digest.

Q1 FY 2018-19

The key financial highlights of the company's performance for Q1 FY 2018-19, ended 30 June 2018, are as follows:

1. The company's income from operations stood at Rs.191.60 crore, as against Rs.185.91 crore for Q1 FY18.
2. The PBT stood at Rs.4.48 crore for the quarter, as against Rs.0.49 crore for the same period in the previous year.
3. The company's PAT was up at Rs.3.49 crore, as compared to Rs.0.41 crore for Q1 FY18.
4. As on 30 June 2018, the consolidated order backlog was Rs. 812 crore.

FY 2017-18

The key financial highlights of the company's performance for the full FY 2017-18, ended 31 March 2018, are as follows:

1. The company recorded Rs.916.59 crore in Income from operations (net of excise) for the full year, as against Rs.915 crore in the previous year.
2. The PAT for the year stood at Rs.39.49 crore, as against Rs.44.60 crore FY16-17.
3. The Board of Directors recommended a dividend of Rs.1.62 per share (81%) on paid-up capital of Rs 36.19 crore.
4. In FY 2017-18, Praj Industries added 3 more patents in the biochemical technology domain taking the overall tally to 17 numbers.
5. In May 2017, Praj unveiled India's first integrated 2nd generation biorefinery for renewable fuels and chemicals.

Stock Trends in 2018

1. The opening price of the stock at the beginning of January 2018 was Rs.111 on NSE. The scrip increased in the first half of the month and reached Rs.128, however, it fell toward the end and stood at Rs.104.
2. In February, the stock price fell further by around 20 points and was at Rs.88 by the end of the month. The scrip continued to decline in March and reached Rs.78. In April, the stock price picked up the pace and reached Rs.97.
3. The price of the stock changed marginally in May, however, it fell again in June by around 18 points and ended the month at Rs.78.
4. In July, the stock price was stable and did not change much. The scrip picked up the pace in August and ended the month at Rs.84.
5. In the month of September, the stock price increased even further and reached Rs.109. The scrip continued to increase in October and stood at Rs.122.
6. In the month of November, the scrip fell by few points. As on 20 November 2018, the opening price of the stock was Rs.109.

Stock Trends in 2016 and 2017

1. The opening price of the stock at the beginning of January 2016 was Rs.91 on NSE. The scrip fell marginally by the end of the month. In February the stock price fell and ended the month at Rs.73. The scrip picked up the pace in March by around 15 points and stood at Rs.89 towards the end. In April, the stock price increased by a couple of points and ended the month at Rs.97.
2. In the month of May, the scrip fell marginally and was stable in June. The opening price of Praj Industries Ltd. stock by the end of June was Rs.90. In July, the price of the stock fell marginally, however, it picked up the pace in August and reached Rs.93.
3. In September as well as October, the scrip declined by a few points. By the end of October, the stock price was Rs.84. The scrip fell in November and reached Rs.77 towards the end. In the month of December, the stock price was stable and stood at Rs.80 by the month-end.
4. The opening price of the stock at the beginning of January 2017 was Rs.81 on NSE. The scrip did not change much throughout the month. In February, the stock declined marginally and reached Rs.77 towards the end of the month. The scrip was stable in March and increased gradually in April. By the end of April, the price of the stock was at Rs.88.
5. In May, the scrip fell again and reached Rs.75, while it changed marginally in the month of June. The scrip was up by a few points in July, however, it fell again in August.
6. The price of the stock by the end of September was Rs.67. In October, the scrip increased marginally. The stock price picked up the pace by around 40 points in November and stood at Rs.117 by the end of the month. In December, the price of the stock declined by a few points and ended the month at Rs.111.

Should you invest in Praj Industries Ltd.?

1. The Praj Industries Ltd. stock price has not increased a lot over the past two years. The growth has been slow, however, the scrip has been stable and has not witnessed any unusual fluctuations.
2. The company has recorded a strong performance in Q1 and Q2 FY 2018-19.
3. You could invest in Praj Industries Ltd. stock on a long-term basis. However, it is strongly advised to do thorough research on the stock before investing your hard-earned money in the stock market as it is volatile in nature.

Company Information

Praj Industries Ltd has a wide portfolio which comprises bioenergy, high purity systems, critical process equipment systems, brewery plants, and wastewater treatment systems. The company has been a trusted partner for process engineering with more than 750 references across 75 countries. Praj has developed technologies for several clean, renewable fuels and chemicals viz. BioCNG, Bio-butanol etc.

Management of the Company

Mr. Pramod Chaudhari - Executive Chairman

Pramod founded Praj in 1983, following which, the company went on to become one of the top engineering companies specializing in agri-processing opportunities. Shishir is an alumnus of IIT Bombay and Harvard Business School.

Mr. Shishir Joshipura - CEO and Managing Director

Shishir Joshipura was appointed as the CEO and Managing Director of Praj Industries from April 2018. He has over 35 years of rich experience in varied fields of engineering. Prior to joining Praj, he was working as the Managing Director at SKF India Ltd. from 2009 to 2018. He started his career at Thermax Ltd. and held several key positions like Executive Vice President and Global Head of Cooling & Heating business. He was also the Director of overseas subsidiaries of Thermax in USA, Europe, South America and successfully set up a manufacturing subsidiary in China. Shishir completed his mechanical engineering from Birla Institute of Technology & Science (BITS) Pilani. He also completed the Advanced Management Graduate program from Harvard Business School.

Listings in NSE, BSE, and Indices

The stocks of Praj Industries Ltd. are available for trading on the two major stock exchanges of India - The National Stock Exchange Limited (NSE) and Bombay Stock Exchange (BSE).

1. BSE: 522205
2. NSE: PRAJIND
3. ISIN: INE074A01025
4. Sector: Engineering - Heavy

The company forms a part of important indices like:

1. Nifty 500
2. Nifty MidSmallcap 400
3. Nifty Smallcap 250
4. S&P BSE AllCap
5. S&P BSE Industrials
6. S&P BSE MidSmallCap
7. S&P BSE SmallCap

Corporate Office

Praj Tower 274 & 275/2,

Bhumkar Chowk-Hinjewadi Road,

Hinjewadi, Pune - 411057

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.