Praj Industries Limited

NSEI:PRAJIND Stock Report

Market Cap: ₹84.8b

Praj Industries Valuation

Is PRAJIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PRAJIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹225.03
Fair Value
105.0% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: PRAJIND (₹461.3) is trading above our estimate of fair value (₹225.03)

Significantly Below Fair Value: PRAJIND is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRAJIND?

Key metric: As PRAJIND is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PRAJIND. This is calculated by dividing PRAJIND's market cap by their current earnings.
What is PRAJIND's PE Ratio?
PE Ratio38.7x
Earnings₹2.19b
Market Cap₹84.79b

Price to Earnings Ratio vs Peers

How does PRAJIND's PE Ratio compare to its peers?

The above table shows the PE ratio for PRAJIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
GMRP&UI GMR Power And Urban Infra
5.3x-17.2%₹81.1b
POWERMECH Power Mech Projects
28.2x32.3%₹82.8b
HGINFRA H.G. Infra Engineering
12.8x11.8%₹70.0b
532942 KNR Constructions
5x-38.1%₹61.4b
PRAJIND Praj Industries
38.7x34.5%₹84.8b

Price-To-Earnings vs Peers: PRAJIND is expensive based on its Price-To-Earnings Ratio (38.7x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does PRAJIND's PE Ratio compare vs other companies in the IN Construction Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASHOKA Ashoka Buildcon
3.4x-45.6%US$610.90m
CCCL Consolidated Construction Consortium
0.5xn/aUS$74.43m
533152 MBL Infrastructures
2.4xn/aUS$58.93m
ATLANTAA Atlantaa
1.9xn/aUS$38.81m
PRAJIND 38.7xIndustry Avg. 20.2xNo. of Companies26PE01632486480+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PRAJIND is expensive based on its Price-To-Earnings Ratio (38.7x) compared to the Indian Construction industry average (20.2x).

Price to Earnings Ratio vs Fair Ratio

What is PRAJIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRAJIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.7x
Fair PE Ratio45x

Price-To-Earnings vs Fair Ratio: PRAJIND is good value based on its Price-To-Earnings Ratio (38.7x) compared to the estimated Fair Price-To-Earnings Ratio (45x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PRAJIND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹461.30
₹767.33
+66.3%
2.9%₹801.00₹740.00n/a6
Apr ’26₹535.60
₹767.33
+43.3%
2.9%₹801.00₹740.00n/a6
Mar ’26₹488.45
₹770.67
+57.8%
2.5%₹801.00₹751.00n/a6
Feb ’26₹627.15
₹811.00
+29.3%
8.2%₹931.00₹751.00n/a6
Jan ’26₹844.60
₹861.80
+2.0%
5.1%₹931.00₹804.00n/a5
Dec ’25₹823.75
₹861.80
+4.6%
5.1%₹931.00₹804.00n/a5
Nov ’25₹749.05
₹861.80
+15.1%
5.1%₹931.00₹804.00n/a5
Oct ’25₹779.60
₹821.60
+5.4%
3.3%₹870.00₹791.00n/a5
Sep ’25₹766.90
₹821.60
+7.1%
3.3%₹870.00₹791.00n/a5
Aug ’25₹697.30
₹821.60
+17.8%
3.3%₹870.00₹791.00n/a5
Jul ’25₹742.75
₹711.60
-4.2%
13.6%₹831.00₹578.00n/a5
Jun ’25₹522.05
₹634.80
+21.6%
5.3%₹678.00₹578.00n/a5
May ’25₹547.75
₹608.80
+11.1%
4.3%₹636.00₹576.00₹461.305
Apr ’25₹532.85
₹608.80
+14.3%
4.3%₹636.00₹576.00₹535.605
Mar ’25₹504.20
₹608.80
+20.7%
4.3%₹636.00₹576.00₹488.455
Feb ’25₹496.80
₹637.20
+28.3%
8.6%₹746.00₹601.00₹627.155
Jan ’25₹556.55
₹637.20
+14.5%
8.6%₹746.00₹601.00₹844.605
Dec ’24₹630.40
₹637.20
+1.1%
8.6%₹746.00₹601.00₹823.755
Nov ’24₹534.10
₹562.60
+5.3%
9.6%₹611.00₹496.00₹749.055
Oct ’24₹586.60
₹526.20
-10.3%
9.3%₹618.00₹485.00₹779.605
Sep ’24₹494.90
₹497.60
+0.5%
4.1%₹535.00₹475.00₹766.905
Aug ’24₹431.85
₹497.60
+15.2%
4.1%₹535.00₹475.00₹697.305
Jul ’24₹377.60
₹487.20
+29.0%
6.1%₹542.00₹452.00₹742.755
Jun ’24₹387.75
₹487.20
+25.6%
6.1%₹542.00₹452.00₹522.055
May ’24₹355.45
₹482.25
+35.7%
7.0%₹532.00₹450.00₹547.754
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
₹767.33
Fair Value
39.9% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/01 01:12
End of Day Share Price 2025/04/30 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Praj Industries Limited is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kunal ShethBatlivala & Karani Securities India Pvt. Ltd.
Shailesh KananiCentrum Broking Limited
Sanjay ManyalICICIdirect.com