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BAJEL PROJECTS

BAJEL PROJECTS Latest Share Price (BAJEL)

TechnicalsTV Chart
183.20
4.25−2.27%
Overall Score43/100
Day range182
₹183.20
187
52-week135
₹183.20
227
Above low+35.6%
Below high19.2%
Range position53%
Open187.30
Prev Close187.45
Bid183.17100
Ask183.23100

TODAY IN ONE LINE

BAJEL fell 2.3% on light volume, lagging Nifty's -0.5% move.

With a market cap of ₹2,129.4 Cr., it trades at a P/E of 98.12. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume60.2K80%vs 20D avg
Market Cap₹2,129.4 Cr.
Promoter62.53%
Face Value₹2
Fwd P/E13.84
PEG0.42
EV/EBITDA38.02
P/S0.79
ROA2.11%
Beta1.37
Div Payout
THE STOCK SCORE
Overall Score43/100
Updated 08 Sept

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

BAJEL PROJECTS flags & news 

Key strengths, potential risks, and recent updates.

4 green flags🚩 2 red flags

Green Flags

  • Earnings GrowthEPS (TTM) grew by a solid 190.5% YoY
  • High Promoter HoldingPromoters hold 62.5% skin-in-the-game
  • Positive Free Cash FlowFCF has been positive for 3 consecutive years
  • Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • Poor Capital ReturnsLow ROE of 2.7%
  • Expensive ValuationTrading at a high P/E ratio of 109.9x

Latest BAJEL PROJECTS News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

05 SEPT 2026
corporate
Copy of Newspaper Publication - Bajel Projects Limited has informed the Exchange about Copy of Newspaper Publication of Postal Ballo...
View PDF
04 SEPT 2026
corporate
Shareholders meeting - Bajel Projects Limited has informed the Exchange regarding Notice of Postal Ballot
View PDF
01 SEPT 2026
corporate
General Updates - Grant of 2,84,000 (Two Lakh Eighty Four Thousand Only) Stock Options under the Bajel Projects Limit...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

BAJEL PROJECTS valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for BAJEL PROJECTS, framed against the sector median so the premium or discount is obvious at a glance.

BAJEL PROJECTS trades at a P/E of 98.12× and P/B of 2.90×.

Key MetricsMarket + reported · 08 Sept 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹2,129.4 Cr.
P/E Ratio
98.12
P/B Ratio
2.9
EPS
₹1.89
Profitability

Profitability

ROE
2.71%
ROCE
7.21%
Net Margin
0.74%
Op Margin
3.48%
Growth

Growth

EPS YoY
190.5%
Revenue YoY
25.7%
Qtr Sales
Qtr Profit
4.09%
Financial Health

Financial Health

Debt / Equity
0.47
Book Value
₹64.61
Div Yield
0.33%
Promoter Holding
62.53%
Technicals

BAJEL PROJECTS technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for BAJEL PROJECTS — derived from the latest tape, not yesterday's close.

BAJEL PROJECTS last traded at ₹183.2 with an intraday range of ₹182.12–₹187.3 — latest indicator, pivot and CPR signals below.

Last updated: 8 September 2026, 12:28 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹183.20
LevelPrice (₹)Distance% Δ
R4196.65+13.45+7.34%
R3191.47+8.27+4.52%
R2189.39+6.19+3.38%
R1186.29+3.09+1.69%
PIVOT184.211.010.55%
CURRENT183.20
S1181.11-2.09-1.14%
S2179.03-4.17-2.28%
S3175.93-7.27-3.97%
S4170.75-12.45-6.79%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 183.70P: 184.21TC: 184.71
R1
R2
R3
R4
indicator
LTP: 183.20
PDH: 187.92
PDL: 182.41
● Market Sentiment

BAJEL is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Wider, suggesting unlikely for trending moves

● Opening Range

Day's range: 183.91187.3

● Price Position

Trading Inside opening range

Financials

BAJEL PROJECTS financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for BAJEL PROJECTS — consolidated or standalone — with margins, YoY growth and key ratios inline.

BAJEL PROJECTS reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,129.4 Cr. and reported EPS of ₹1.89.

iTap any row for a plain-English meaningChange vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2025Mar 2026
Revenue from Operations2,598
2,792
7.4%
Sales Growth YoY %Derived
7.44%
Other Income31
27
12.7%
Total Income2,629
2,819
7.2%
1,968
1,936
1.6%
Gross ProfitDerived631
855
35.6%
Gross Margin %Derived24.27%
30.63%
571
757
32.6%
EBITDA (Operating Profit)Derived59
98
64.9%
OPM %Derived2.28%
3.50%
66
75
13.9%
Profit Before Tax (PBT)24
34
41.2%
9
7
18.9%
Effective Tax %Derived35.50%
20.39%
Total Profit for Period15
20
31.1%
Net Profit (Owner's PAT)Derived15
20
31.1%
Net Profit Margin %Derived0.60%
0.73%
PAT Growth YoY %Derived
31.13%
Earnings Per Share (EPS ₹)1.34
1.75
30.6%
Diluted Shares Outstanding (Cr)12
12
0.1%
Share of Profit from Associates/JVs
-7
Other Comprehensive Income (Net of Tax)-10
48
602.5%
Total Expenses (incl. D&A & Interest)2,605
2,785
6.9%
Material Cost % of RevenueDerived76.24%
69.27%
Employee Cost % of RevenueDerived4.63%
5.41%
Other Cost % of RevenueDerived17.36%
21.72%
Interest Coverage (x)Derived0.87x
1.23x
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

BAJEL PROJECTS segment analysis : revenue and profit mix.

Disclosed business segments at BAJEL PROJECTS with their share of revenue and profit, switchable between consolidated and standalone reporting.

BAJEL PROJECTS discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for BAJEL PROJECTS.

Our AI distills the core fundamental drivers supporting BAJEL PROJECTS, the risks that threaten it, and the quantitative conditions that could weaken the thesis.

BAJEL PROJECTS's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • TTM revenue growth 25.7% demonstrates solid market demand and business expansion.

  • Latest quarterly EPS grew 193.2% YoY, reflecting significant earnings acceleration.

  • Promoter holding 62.53% signals strong founder commitment and strategic alignment.

  • Integrated EPC model spanning design, manufacturing, construction enhances operational efficiency.

  • Operating cash flow ₹173.71 Cr FY25 exceeds net income, indicating robust cash conversion.

bear case

Key Risks.

  • Operating margin 2.83% and net margin 0.97% lag peers significantly, weak pricing power.

  • Latest quarterly PAT declined 3.93% YoY despite revenue growth, profitability deterioration evident.

  • ROE 2.71% and ROCE 7.21% remain well below sector averages, poor capital efficiency.

  • Net debt ₹326.24 Cr FY26 doubled from ₹65.24 Cr FY25, elevated financial leverage risk.

  • FII holdings collapsed from 10.51% to 0.67%, reflects sharp loss of foreign investor confidence.

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 128 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Return-quality risk. ROE below 8% would indicate weaker capital compounding.

Shareholding

BAJEL PROJECTS shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in BAJEL PROJECTS — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

AnnualJun 2026

FII0.53%0.02%
Promoters62.53%
DII9.20%0.37%
Public27.74%0.35%

Ownership Distribution

Foreign Institutions
0.53%
Promoters
62.53%
Domestic Institutions
9.20%
Retail & Public
27.74%

Category Trends

Foreign Institutions Breakdown
Total Holding: 0.53%
Net Change: +0.02%
Category Total0.53%
Total Holding0.53%
Net Change+0.02%
Aggregate Data
Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod

Foreign Institutions: 0.53%

Individual institutional breakdown is not disclosed by the company, but aggregate holding data is shown above.

💡 This category has 0.53% total holding without detailed institution-wise disclosure
Peers

BAJEL PROJECTS peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — BAJEL PROJECTS is highlighted for quick read-across.

09 · Chart Patterns

BAJEL PROJECTS chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for BAJEL PROJECTS — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

BAJEL PROJECTS delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for BAJEL PROJECTS over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in BAJEL PROJECTS stood at 46.1% of traded volume, against a 20-day average of 46.0%.

Avg Delivery (20D)46%+0.2 ppt latest vs avg
Highest Delivery58.4%on 14 Aug
Avg Volume (20D)2.95 L20-day run-rate
Conviction Trend↑ Strengthening+0.2 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

BAJEL PROJECTS announcements: results, concalls, ratings, M&A.

Filings BAJEL PROJECTS sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

BAJEL PROJECTS files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 103 documents below.

  1. 05 Sept 2026Copy of Newspaper PublicationView PDF

    Copy of Newspaper Publication

    Bajel Projects Limited has informed the Exchange about Copy of Newspaper Publication of Postal Ballot Notice

  2. 04 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Bajel Projects Limited has informed the Exchange regarding Notice of Postal Ballot

  3. 01 Sept 2026General UpdatesView PDF

    General Updates

    Grant of 2,84,000 (Two Lakh Eighty Four Thousand Only) Stock Options under the Bajel Projects Limited, Employee Stock Option Plan 2024 ( ESOP 2024…

  4. 31 Aug 2026RetirementView PDF

    Retirement

    Revised - Bajel Projects Limited has informed the Exchange about Retirement of Executive Director

  5. 31 Aug 2026RetirementView PDF

    Retirement

    Bajel Projects Limited has informed the Exchange about Retirement of Executive Director

Corporate Actions

BAJEL PROJECTS dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue BAJEL PROJECTS has declared, sequenced by announce and record date.

BAJEL PROJECTS corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

Insider Activity

BAJEL PROJECTS insider trading: promoter and management activity.

Promoter, director and designated-employee transactions in BAJEL PROJECTS as reported to SEBI — buying and selling signals from the people who know the business best.

BAJEL PROJECTS insider activity below tracks 2 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).

InsiderCategoryTxn DateActionQuantityValue (₹)Price
Manish KejriwalInsider22 Jan 2025buy+12.41 L₹29.63 Cr.₹238.85
Late Sunaina KejriwalInsider22 Jan 2025sell12.41 L₹29.63 Cr.₹238.85
About the Company

About BAJEL PROJECTS: business, sector, key facts.

What BAJEL PROJECTS does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

BAJEL PROJECTS operates in the Heavy Electrical Equipment industry under the Capital Goods sector, listed as NSE: BAJEL, BSE: 544042.

BAJEL
Capital Goods

BAJEL PROJECTS

NSE · BAJEL·BSE · 544042·www.bajelprojects.com

BAJEL Projects Limited is an Indian engineering, procurement, and construction (EPC) company specializing in the power transmission and distribution sector. Their operations span both domestic and international markets, providing comprehensive, end-to-end solutions for a variety of projects.

The company's core business involves the design, testing, procurement, manufacturing, installation, and commissioning of power transmission and distribution infrastructure. This includes a wide range of projects, from the creation of extra-high voltage transmission lines (with a significant track record exceeding 7000 ckms) to the construction of both air-insulated and gas-insulated substations (over 40 such substations completed).

BAJEL's capabilities extend beyond large-scale projects. They also manufacture various crucial components for power infrastructure, such as lattice structures, steel tubular poles, lighting poles, and masts. In addition to manufacturing, they offer galvanizing services, further enhancing their comprehensive service offering within the power sector.

Their vertical integration, encompassing in-house design and manufacturing alongside EPC services, allows BAJEL to offer clients a streamlined and controlled project delivery process. This integrated approach likely contributes to greater efficiency and cost-effectiveness for their clients. The company's relatively recent incorporation in 2022 suggests a focus on rapid growth and expansion within a competitive market.

In summary, BAJEL Projects Limited is a rapidly developing EPC firm concentrating on the power transmission and distribution industry. Their integrated approach, encompassing design, manufacturing, and construction, positions them to handle a wide range of projects, from large-scale transmission lines and substations to the production of essential infrastructure components.

company facts
Employees
SectorCapital Goods
HeadquartersMumbai, India
Market Cap₹2,129.4 Cr.
Listed OnNSE
leadership20 on record
Mr. Ajay Nagle
Chief Compliance Officer, Executive Director, Company Secretary
Mr. Ajay Suresh Nagle
Company Secretary, Chief Compliance Officer & Executive Director
Mr. Ajay Suresh Nagle
Executive Director
Mr. Akash Sharma
Senior VP and Business Head of SCM & Manufacturing
Mr. Amit Sharma
Head of Internal Audit
Mr. Aurelius D'Monte
Chief Internal Auditor
Mr. Bindra Misra
Chief Financial Officer
Mr. Maneck Davar
Independent Director
Mr. Nawin Chandra
CHRO & Joint President - IR, CSA & CSR
Mr. Nitesh Bhandari
CFO & Joint President
Mr. Nitesh Harnarayanchand Bhandari
CFO & Joint President
Mr. Piyush Bansal
Joint President & Business Head of Power Transmission
§ ∞ · Plainly Answered

Questions investors ask about BAJEL PROJECTS (BAJEL).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of BAJEL PROJECTS (BAJEL)?

The current share price of BAJEL PROJECTS (BAJEL) is ₹183.20. Today, the stock has declined by ₹4.25 (2.27%), trading in a range of ₹182.12 to ₹187.30. The stock opened at ₹187.30 with a trading volume of 60,230 shares.

02Is BAJEL PROJECTS stock a good investment for long-term?

BAJEL PROJECTS can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,129.4 Cr., P/E ratio of 98.12, ROE of 2.71%, and ROCE of 7.21%. The dividend yield stands at 0.33%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of BAJEL PROJECTS stock?

The 52-week high price of BAJEL PROJECTS (BAJEL) is ₹226.69, while the 52-week low is ₹135.10. Currently trading at ₹183.20, the stock is 35.6% above its 52-week low and 19.18% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy BAJEL PROJECTS stock at the current price?

Whether to buy BAJEL PROJECTS stock at ₹183.20 depends on multiple factors. The stock is currently trading with a P/E ratio of 98.12 and P/B ratio of 2.9. Today's performance shows a loss of 2.27%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of BAJEL PROJECTS and when is the next dividend?

BAJEL PROJECTS offers a dividend yield of 0.33%, which means for every ₹100 invested at the current price of ₹183.20, you can expect to receive approximately ₹0.33 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of BAJEL PROJECTS?

BAJEL PROJECTS's key financial metrics include: P/E Ratio: 98.12, P/B Ratio: 2.9, ROE: 2.71%, ROCE: 7.21%, Dividend Yield: 0.33%, EPS: ₹1.89, Book Value: ₹64.61, and Debt-to-Equity: 0.47. The company's market cap stands at ₹2,129.4 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is BAJEL PROJECTS stock performing today in the market?

BAJEL PROJECTS stock opened at ₹187.30 and is currently trading at ₹183.20, showing a decline of ₹4.25 (2.27%). The intraday high is ₹187.30 and low is ₹182.12. The trading volume stands at 60,230 shares, indicating moderate market participation today.

08What is the P/E ratio of BAJEL PROJECTS and what does it indicate?

BAJEL PROJECTS has a Price-to-Earnings (P/E) ratio of 98.12, which means investors are willing to pay 98.12 for every ₹1 of earnings. With an EPS of ₹1.89, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about BAJEL PROJECTS (BAJEL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.