Prajay Engineers Syndicate Ltd (PRAENG) AI Stock Analysis

Prajay Engineers Syndicate Ltd

(NSE:PRAENG)

Select Model

Rating:39Underperform

Price Target:INR 15.00▼(-12.33% Downside)

Action:downgraded

Date:10/13/26

The score is driven primarily by severe and persistent financial weakness, including declining revenue and sustained losses. Bearish technical positioning and the negative P/E provide additional pressure, while recent positive cash flow and moderate leverage offer only limited support.

Positive Factors

Positive Operating Cash FlowPositive operating cash flow across the period and approximately 95M of free cash flow in FY2026 provide financial flexibility despite reported losses. This internally generated liquidity can help support ongoing operations and reduce immediate reliance on external funding.

Negative Factors

Deepening UnprofitabilityNegative gross profit and large operating losses indicate that current project economics are not covering the company’s cost base. If this pattern persists, losses can consume capital, restrict reinvestment, and make future earnings recovery dependent on a material improvement in operations.

Prajay Engineers Syndicate Ltd (PRAENG) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.20B
Dividend Yield: ―
Average Volume (3M): 8,181
Price to Earnings (P/E): -6.6
Beta (1Y): 1.54
Revenue Growth: -57.64%
EPS Growth: 30.21%
Country: India
Employees: 70
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Prajay Engineers Syndicate Ltd Business Overview & Revenue Model

Company Description

Prajay Engineers Syndicate Limited is an Indian real estate development company specializing in the construction, development, and upkeep of a diverse range of properties, including residential, commercial, hospitality, and retail ventures across the...

Prajay Engineers Syndicate Ltd Financial Statement Overview

Summary

Severe earnings deterioration, recurring losses, negative gross profit, declining revenue and assets, and weak returns materially outweigh the support from moderate leverage and recently positive but volatile cash flow.

Income Statement

18Very Negative

Balance Sheet

45Neutral

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	503.39M	384.26M	574.55M	574.60M	298.28M	930.50M
Gross Profit	-12.41M	-39.32M	-130.60M	-89.39M	83.95M	154.32M
EBITDA	-228.08M	-134.89M	-242.38M	-307.37M	-6.40M	70.18M
Net Income	-267.11M	-186.35M	-277.01M	-389.52M	-91.31M	-24.65M
Balance Sheet
Total Assets	8.10B	8.04B	8.39B	9.00B	9.43B	11.53B
Cash, Cash Equivalents and Short-Term Investments	478.74M	426.74M	397.63M	357.09M	79.41M	31.33M
Total Debt	1.64B	1.63B	1.73B	1.83B	1.73B	1.87B
Total Liabilities	3.31B	3.29B	3.56B	3.84B	3.86B	5.85B
Stockholders Equity	4.82B	4.78B	4.87B	5.17B	5.56B	5.67B
Cash Flow
Free Cash Flow	210.46M	94.86M	125.48M	202.97M	64.91M	-7.46M
Operating Cash Flow	324.67M	264.18M	188.24M	238.63M	71.47M	47.57M
Investing Cash Flow	-194.18M	-169.49M	-62.76M	-33.74M	-5.99M	-54.81M
Financing Cash Flow	-86.45M	-65.75M	-84.94M	72.79M	-17.40M	6.75M

Prajay Engineers Syndicate Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price17.11

Price Trends

50DMA20.38Negative

100DMA20.39Negative

200DMA21.20Negative

Market Momentum

MACD-1.11Positive

RSI39.97Neutral

STOCH38.80Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PRAENG, the sentiment is Negative. The current price of 17.11 is below the 20-day moving average (MA) of 18.21, below the 50-day MA of 20.38, and below the 200-day MA of 21.20, indicating a bearish trend. The MACD of -1.11 indicates Positive momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 38.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PRAENG.

Prajay Engineers Syndicate Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:PRAENG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:LANCORHOL	78Outperform	INR 2.16B	3.72	―	0.68%	14.16%	2955.66%
IN:AMJLAND	68Neutral	INR 1.46B	9.64	―	0.56%	-11.14%	-29.81%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:UMIYA.MRO	55Neutral	INR 1.65B	44.77	―	―	21.26%	-90.63%
IN:ARTNIRMAN	42Neutral	INR 918.38M	233.50	―	―	44.75%	-73.78%
IN:PRAENG	39Underperform	INR 1.20B	-6.56	―	―	-57.64%	30.21%

* General Sector Average

Performance Comparison

IN:PRAENG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:PRAENG	Prajay Engineers Syndicate Ltd	17.11	-14.35	-45.61%
IN:AMJLAND	AMJ Land Holdings Ltd.	35.50	-17.24	-32.68%
IN:ARTNIRMAN	Art Nirman Ltd	36.80	-19.99	-35.20%
IN:LANCORHOL	Lancor Holdings Limited	29.38	-3.25	-9.96%
IN:UMIYA.MRO	Umiya Buildcon Limited	88.54	-4.55	-4.89%
IN:PODDARHOUS	Poddar Housing & Development Ltd.	49.21	0.00	0.00%

Prajay Engineers Syndicate Ltd Corporate Events

Prajay Engineers Sets September Virtual AGM, Names Secretarial Auditor for Five-Year Term

Sep 5, 2026

Prajay Engineers Syndicate Ltd’s board has approved convening its 32nd Annual General Meeting for the 2025-26 financial year on 29 September 2026, to be held via video conferencing and other audio-visual means from its Hyderabad registered offi...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 13, 2026

Prajay Engineers Syndicate Ltd AI Stock Analysis