Bajel Projects Ltd
Bajel Projects Ltd (BAJEL) last reported results for the quarter ended Jun 2026, with sales of ₹567 crore and net profit of ₹4.73 crore. The stock last traded at ₹165, a market capitalisation of ₹1,909 crore, on a P/E of 70.8. Over the past 52 weeks the stock has ranged between ₹135 and ₹216. Figures are as of 6 Oct 2026 and are not real time.
Bajel Projects Ltd share price and key metrics
- Current price
- ₹165
- Market cap
- ₹1,909 cr
- Stock P/E
- 70.8
- Book value
- ₹64.6
- ROE
- 4.10%
- ROCE
- 11.0%
- Dividend yield
- 0.36%
- 52w high / low
- 216/135
Metrics as of 6 Oct 2026. Not real time.
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Bajel Projects Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- 2%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- 109%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- -20%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 3%
- Last Year
- 4%
Bajel Projects Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹567 cr, down 6.7% from ₹608 cr a year earlier. Net profit was ₹4.73 cr, up 59.8% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 662 | 622 | 801 | 608 | 614 | 562 | 1,008 | 567 |
| Expenses | 646 | 608 | 781 | 591 | 593 | 538 | 977 | 548 |
| Operating profit | 16.8 | 14.64 | 20.74 | 16.19 | 20.49 | 24.77 | 30.57 | 18.54 |
| OPM % | 2.54% | 2.35% | 2.59% | 2.66% | 3.34% | 4.40% | 3.03% | 3.27% |
| Other income | 5.15 | 7.45 | 6.6 | 8.38 | 6.98 | -2.85 | 6.76 | 5.26 |
| Interest | 11.93 | 15.45 | 16.95 | 15.87 | 17.02 | 16.22 | 14.31 | 11.78 |
| Depreciation | 3.26 | 3.21 | 4.06 | 4.61 | 4.81 | 5.22 | 6.04 | 4.95 |
| Profit before tax | 6.76 | 3.43 | 6.33 | 4.09 | 5.64 | 0.48 | 16.98 | 7.07 |
| Tax % | 45.86% | 57.43% | 23.85% | 27.87% | 36.17% | 185.42% | 16.73% | 32.96% |
| Net profit | 3.66 | 1.46 | 4.82 | 2.96 | 3.6 | -0.42 | 14.14 | 4.73 |
| EPS (₹) | 0.32 | 0.13 | 0.42 | 0.26 | 0.31 | -0.04 | 1.22 | 0.41 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Bajel Projects Ltd annual results
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 1,169 | 2,598 | 2,792 | 2,751 |
| Operating profit | 16 | 75 | 111 | 94 |
| OPM % | 1.4% | 2.9% | 4.0% | 3.4% |
| Net profit | 4 | 15 | 20 | 22 |
| EPS (₹) | 0.37 | 1.34 | 1.75 | 1.90 |
TTM is the trailing twelve months to the most recent quarter.
Bajel Projects Ltd balance sheet
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity capital | 23 | 23 | 23 |
| Reserves | 543 | 643 | 724 |
| Borrowings | 15 | 376 | 367 |
| Other liabilities | 762 | 1,033 | 1,424 |
| Total liabilities | 1,343 | 2,075 | 2,538 |
| Fixed assets | 69 | 98 | 108 |
| CWIP | 0 | 0 | 7 |
| Investments | 3 | 82 | 66 |
| Other assets | 1,271 | 1,895 | 2,357 |
| Total assets | 1,343 | 2,075 | 2,538 |
As reported by the company. Total assets equal total liabilities by construction.
Bajel Projects Ltd cash flow
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operations | 195 | 69 | 21 |
| Cash from investing | -135 | -128 | 19 |
| Cash from financing | -15 | 68 | -72 |
| Net cash flow | 46 | 9 | -32 |
| Free cash flow | 168 | 35 | -13 |
| CFO / operating profit | 1,233% | 91% | 24% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Bajel Projects Ltd operating ratios
| Per year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| ROCE % | — | 12% | 11% |
| Debtor days | 190 | 136 | 214 |
| Inventory days | 42 | 24 | 26 |
| Days payable | 201 | 103 | 166 |
| Cash conversion cycle | 31 | 57 | 74 |
| Working capital days | 62 | -13 | 23 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Bajel Projects Ltd shareholding pattern
Promoters held 62.53% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.53% and DIIs 9.20%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 62.61% | 62.59% | 62.57% | 62.57% | 62.55% | 62.53% | 62.53% | 62.53% |
| FIIs | 0.50% | 0.28% | 0.31% | 0.32% | 0.67% | 0.40% | 0.50% | 0.53% |
| DIIs | 8.29% | 9.54% | 9.60% | 10.30% | 8.66% | 9.06% | 9.58% | 9.20% |
| Public | 28.59% | 27.59% | 27.51% | 26.81% | 28.11% | 28.01% | 27.39% | 27.72% |
| No. of shareholders | 90,725 | 89,929 | 88,561 | 85,939 | 85,013 | 83,991 | 83,533 | 83,063 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Bajel Projects Ltd corporate filings
- Bajel Projects Ltd releases corporate update under Regulation 30, no financial or operational details disclosedCompany Updatelow impact
Cruxal's analysis: The company issued a regulatory update via press release on October 9, 2026. No specific…
Read the full analysis - Bajel Projects Limited secures a major EPC order worth approximately Rs. 220 crore for GIS substations in Mumbai, signaling a significant project win.Company Updatehigh impact
Cruxal's analysis: Bajel Projects Limited has announced the awarding of a major EPC contract valued at…
Read the full analysis - Compliances-Certificate under Reg. 74 (5) of SEBI (Depository Participants) Regulation, 2018Company Updatelow impact
- Bajel Projects Limited Passes Material Related Party Transaction via Postal Ballot with Over 99.94% in FavorAGM/EGMhigh impact
Cruxal's analysis: Bajel Projects Limited has successfully approved a material related party transaction…
Read the full analysis - Allotment of 22,050 equity shares of Rs. 2 each on exercise of options of eligible employeesCompany Updatelow impact
- Closure of Trading WindowInsider Trading / SASTlow impact
- Bajel Projects Ltd schedules analyst/institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Bajel Projects Ltd has issued an intimation regarding a scheduled meeting with analysts…
Read the full analysis - Bajel Projects Ltd announces newspaper publication of Postal Ballot noticeCompany Updatelow impact
Cruxal's analysis: Bajel Projects Ltd has fulfilled regulatory requirements under Regulation 30 of the SEBI…
Read the full analysis - Bajel Projects Ltd grants 2,84,000 stock options under ESOP 2024 schemeCompany Updatelow impact
Cruxal's analysis: Bajel Projects Ltd has announced the grant of 2,84,000 stock options to eligible…
Read the full analysis - Bajel Projects Ltd announces retirement of personnel under Regulation 30Company Updatelow impact
Cruxal's analysis: Bajel Projects Ltd has filed a revised announcement regarding the retirement of personnel…
Read the full analysis - Bajel Projects Limited announces retirement of Executive Director Mr. Ajay Suresh NagleCompany Updatelow impact
Cruxal's analysis: Bajel Projects Limited has formally announced the retirement of Mr. Ajay Suresh Nagle…
Read the full analysis - Bajel Projects Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Bajel Projects Ltd has submitted a press release under Regulation 30 of the SEBI (LODR)…
Read the full analysis - Bajel Projects Ltd files routine Regulation 30 disclosureCompany Updatelow impact
Cruxal's analysis: Bajel Projects Ltd has submitted a routine press release under Regulation 30 of the SEBI…
Read the full analysis - Bajel Projects secures Ultra Mega EPC order from PGCIL for 765kV transmission line projectCompany Updatehigh impact
Cruxal's analysis: Bajel Projects Limited has been awarded an 'Ultra Mega' EPC contract by PowerGrid…
Read the full analysis - Bajel Projects Limited secures shareholder approval for INR 5,000 crore borrowing and charge creation at 4th AGMAGM/EGMmedium impact
Cruxal's analysis: Bajel Projects Limited has successfully concluded its 4th Annual General Meeting, where…
Read the full analysis - Bajel Projects Limited secures shareholder approval for 5,000 crore borrowing limit at 4th AGMAGM/EGMmedium impact
Cruxal's analysis: Bajel Projects Limited successfully concluded its 4th Annual General Meeting, where…
Read the full analysis - Bajel Projects Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Bajel Projects Ltd has submitted a press release under Regulation 30 of the SEBI (LODR)…
Read the full analysis - Bajel Projects Limited secures 'Mega Order' worth 300 crore to 400 crore from PowerGrid Corporation of IndiaCompany Updatehigh impact
Cruxal's analysis: Bajel Projects Limited has been awarded a 'Mega Order' by PowerGrid Corporation of India…
Read the full analysis - Bajel Projects secures Ultra-Mega EPC order from PowerGrid Corporation of India LimitedCompany Updatehigh impact
Cruxal's analysis: Bajel Projects Limited has been awarded an 'Ultra-Mega' EPC contract by PowerGrid…
Read the full analysis - Bajel Projects Limited Reports Q1 FY27 Financial Results with 37% YoY Net Profit Growth and Record Order BookCompany Updatehigh impact
Cruxal's analysis: Bajel Projects Limited reported Q1 FY27 standalone revenue of INR 567 crore and a net…
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