BAJEL
Bajel Projects Limited (BAJEL) Stock Analysis
Bajel Projects Limited is an Indian EPC company executing power transmission and infrastructure projects. It builds substations, lines, and related engineering works for utilities and industries. The company is part of the Bajaj group's infrastructure initiatives. It is a recently listed engineering stock.
Utilities › Utilities - Regulated Electric
₹157.30
-3.89% 1W | -18.70% 52W
Market Cap
1.8k CR
P/E Ratio
82.8
52W High
₹215.5
52W Low
₹135.1
Div. Yield
0.38%
Beta
1
50 DMA
₹180.2
200 DMA
₹174.9
Profit Margin
0.8%
Inst. Own.
9.2%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 489.16 | 512.01 | 662.41 | 622.39 | 801.42 | 607.64 | 613.83 | 562.34 | 1,007.77 | 566.88 |
| Expenses | 481.31 | 504.91 | 645.61 | 607.75 | 780.68 | 591.45 | 593.34 | 537.57 | 977.20 | 548.34 |
| Operating Profit | 7.85 | 7.10 | 16.80 | 14.64 | 20.74 | 16.19 | 20.49 | 24.77 | 30.57 | 18.54 |
| OPM % | 1.60% | 1.39% | 2.54% | 2.35% | 2.59% | 2.66% | 3.34% | 4.40% | 3.03% | 3.27% |
| Other Income | 10.39 | 11.70 | 5.15 | 7.45 | 6.60 | 8.38 | 6.98 | -2.85 | 6.76 | 5.26 |
| Interest | 10.07 | 9.19 | 11.93 | 15.45 | 16.95 | 15.87 | 17.02 | 16.22 | 14.31 | 11.78 |
| Depreciation | 1.75 | 2.16 | 3.26 | 3.21 | 4.06 | 4.61 | 4.81 | 5.22 | 6.04 | 4.95 |
| Profit before tax | 6.42 | 7.45 | 6.76 | 3.43 | 6.33 | 4.09 | 5.64 | 0.48 | 16.98 | 7.07 |
| Tax % | -10.28% | 25.91% | 45.86% | 57.43% | 23.85% | 27.87% | 36.17% | 185.42% | 16.73% | 32.96% |
| Net Profit | 7.07 | 5.52 | 3.66 | 1.46 | 4.82 | 2.96 | 3.60 | -0.42 | 14.14 | 4.73 |
| EPS in Rs | 0.61 | 0.48 | 0.32 | 0.13 | 0.42 | 0.26 | 0.31 | -0.04 | 1.22 | 0.41 |
| Metric | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 1,169 | 2,598 | 2,792 | 2,751 |
| Expenses | 1,153 | 2,523 | 2,681 | 2,656 |
| Operating Profit | 16 | 75 | 111 | 94 |
| OPM % | 1.4% | 2.9% | 4.0% | 3.4% |
| Other Income | 18 | 21 | 10 | 16 |
| Interest | 24 | 60 | 74 | 59 |
| Depreciation | 6 | 13 | 20 | 21 |
| Profit before tax | 4 | 24 | 27 | 30 |
| Tax % | -17% | 35% | 25% | |
| Net Profit | 4 | 15 | 20 | 22 |
| EPS in Rs | 0.37 | 1.34 | 1.75 | 1.90 |
| Dividend Payout % | 0% | 0% | 34% |
Shareholding Pattern
Promoters62.57%
FIIs0.32%
DIIs10.30%
Public26.81%
Promoters62.55%
FIIs0.67%
DIIs8.66%
Public28.11%
Promoters62.53%
FIIs0.40%
DIIs9.06%
Public28.01%
Promoters62.53%
FIIs0.50%
DIIs9.58%
Public27.39%
Promoters62.53%
FIIs0.53%
DIIs9.20%
Public27.72%
Promoters62.75%
FIIs0.51%
DIIs8.07%
Public28.67%
Promoters62.57%
FIIs0.31%
DIIs9.60%
Public27.51%
Promoters62.53%
FIIs0.50%
DIIs9.58%
Public27.39%
Promoters62.53%
FIIs0.53%
DIIs9.20%
Public27.72%
BAJEL
Holdings Analysis
Key strengths & risk signals
65
Overall
71
Fundamental
60
Technical
Risks (4)
LOW MARGIN! 0.8% profit margin - thin profits.
WEAK POSITION! Current price (157.3) is below both moving averages.
WEAK YEAR! Stock declined 18.7% in the last year.
NEGATIVE MOMENTUM! Price declined across timeframes - down 3.9% (1 week), 14.5% (1 month), 16.9% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (180.2) is above 200-day average (174.9) - positive signal.
OVERSOLD! RSI at 27.1 - potential bounce opportunity.
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 194,804 vs down days: 157,582. Ratio: 1.24x
Fundamental & Technical Analysis
65Overall
71Fundamental
60Technical
Fundamental Breakdown
Growth Quality
17/30
Revenue CAGR: 67.5% (EXCELLENT, 15/15). Profit CAGR: 0% (DECLINING, 2/15).
Profit Margin
2/10
LOW MARGIN! 0.8% profit margin - thin profits.
PEG Valuation
9/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.38% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 14.66% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
10/10
BULLISH TREND! 50-day average (180.2) is above 200-day average (174.9) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (157.3) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
2/10
WEAK YEAR! Stock declined 18.7% in the last year.
Volume Sentiment
25/30
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 194,804 vs down days: 157,582. Ratio: 1.24x
RSI
5/5
OVERSOLD! RSI at 27.1 - potential bounce opportunity.
52W Range
2/5
LOWER HALF! Trading at 27.6% of 52W range - weakness visible.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 3.9% (1 week), 14.5% (1 month), 16.9% (3 months).
Beta
3/5
MARKET ALIGNED! Beta of 1.00 - moves with the market.
BAJEL
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-06-03 | Concall PDF |
Peer Comparison
Utilities · Utilities - Regulated Electric · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAJEL | ₹157.30 | 82.8 | 0.8% | 67.5% | – | -18.7% | 65 | BREAKDOWN | +56.7% | -66.7% | -7.1% | -43.9% |
| GIPCL | ₹166.60 | 5.1 | 31.1% | 3.2% | 28.7% | -5.3% | 71 | BREAKDOWN | +174.6% | -51.7% | +34.4% | +16.6% |
| DPSCLTD | ₹6.10 | 76.8 | 1.9% | 3.7% | -6.8% | -45.9% | 42 | BREAKDOWN | -315.8% | +127.8% | +21.5% | +7.0% |
| ENERGYDEV | ₹14.30 | – | -8.7% | 7.3% | – | -26.3% | 37 | CONSOLIDATION | -212.5% | -87.0% | -38.8% | +50.0% |
| CESC | ₹133.20 | 11.4 | 8.2% | 9.2% | 4.7% | -24.8% | 60 | APPROACHING SUPPORT | +3.1% | -8.4% | +5.4% | +33.9% |
| NLCINDIA | ₹243.60 | 10.3 | 17.5% | 2.7% | 36.1% | -7.8% | 61 | BOUNCE FROM SUPPORT | -39.3% | -65.2% | +23.3% | -6.5% |
| POWERGRID | ₹249.20 | 14.6 | 33.8% | 0.6% | 1.1% | -15.4% | 52 | BREAKDOWN | -0.9% | -20.8% | +2.7% | -1.4% |
| NTPC | ₹312.00 | 10.9 | 14.5% | 1.9% | 16.9% | -8.8% | 62 | BOUNCE FROM SUPPORT | +11.8% | -35.9% | +7.8% | +2.1% |
Data from TradeAlone · Updated daily
BAJEL News
Bajel Projects Limited (bajel) Wins ₹270 Cr Bid for Lakadia Inter-state Transmission Project2026-08-21Bajel Projects Limited (bajel) Wins INR 600+ Crore Ultra-mega Order for 765kv Transmission Line2026-08-12Bajel Projects Limited Secures Mega and Ultra-mega Orders Worth INR 700 Cr+ for WR-ER Inter-regional Network Expansion Scheme2026-08-10Bajel Projects Limited (bajel) Q1 FY27: Standalone PBT Up 54.7% Yoy2026-08-07Bajel Projects Limited Formalises Landmark 500 KV Transmission Line Agreement with EETC in Cairo2026-07-22Bajel Projects Limited (bajel) Announces Maiden Dividend on Strong FY26 Performance2026-05-27
