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Bajel Projects Limited (BAJEL) Stock Price & Analysis
BAJEL Stock Chart & Stats
- Day’s Range
- INR 165.35 - INR 169.40
- 52-Week Range
- INR 135.80 - INR 215.95
- Previous Close
- INR 165.55
- Volume
- N/A
- Average Volume (3M)
- 17.10K
- Market Cap
- INR 19.16B
- Enterprise Value
- INR 17.56B
- Total Cash (Recent Filing)
- INR 825.11M
- Total Debt (Recent Filing)
- INR 0
- Price to Earnings (P/E)
- 88.4
- Beta
- 1.92
- Next Earnings
- Nov 13, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Jul 31, 2026
- Dividend Yield
- 0.36%
Bulls Say, Bears Say
Bulls Say
Strong Revenue Scaling
Rapid revenue scaling indicates that Bajel is expanding its execution base within power transmission and distribution infrastructure. Continued growth can improve operating leverage and strengthen its position with utilities, provided project economics and cash conversion remain disciplined.
Solid Equity Base
A solid equity base and moderate overall leverage provide a foundation for bidding on and executing larger EPC projects. This financial structure can support working-capital needs and reduce balance-sheet strain, even though the recent increase in debt requires monitoring.
Net Income Recovery
The recovery from a 2023 loss to improved net income demonstrates that Bajel has restored positive earnings at the current stage of its growth. If maintained, this gives the company greater capacity to retain capital and support future project execution.
Bears Say
Thin, Volatile Margins
Very thin and volatile profitability leaves limited room for cost overruns, execution issues, or changes in project economics. Gross-margin compression also suggests that revenue growth is not yet translating reliably into stronger operating returns or durable earnings quality.
Negative Cash Generation
The reversal to negative operating and free cash flow reduces Bajel’s financial flexibility and may require greater reliance on external funding while projects absorb cash. Persistent weak conversion of earnings into cash could constrain expansion and increase balance-sheet pressure.
Rising Debt And Low Returns
Higher debt relative to equity increases financial risk while low-single-digit returns indicate that the expanding asset and equity base is not yet producing strong shareholder returns. This combination can limit funding flexibility if profitability remains subdued.
Bajel Projects Limited News
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Company Description
Bajel Projects Limited
Bajel Projects Limited engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally. The company offers turnkey solutions, including engineering, designing, testing, manufacturing, executing, and commissioning of EHV transmission lines; and constructs new infrastructure, as well as the augmentation of existing infrastructure for various power distribution companies and agencies. It also engages in rural/urban electrification; primary distribution substation; and underground cabling activities. In addition, the company designs, manufactures, supplies, and installs monopoles; designs and manufactures a range of transmission, distribution poles, including single poles, twin poles, and special structures, such as cable termination poles, three poles, or quad structures; and tubular substation structures. Further, it provides lattice structure, steel tubular poles, lighting poles and masts; and galvanizing services. Bajel Projects Limited was incorporated in 2022 and is based in Mumbai, India.
- Sector
- General
- Industry
- Engineering & Construction
- CEO
- Rajesh Ganesh
- Employees
- 895
- Website
- www.bajelprojects.com
- Address
- Rustomjee Aspire, Mumbai, MH, 400022, IN
Bajel Projects Limited (BAJEL) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 4 | 8 |
| Technical Analysis | 4 | 4 | 2 |
| Moving Averages | 6 | 0 | 6 |
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