Bajel Projects Limited

BSE: BAJEL544042ISIN INE0KQN01018

Industrials
Heavy Electrical Equipment
BSE 1000

BSE listing

Share price

₹171.40-2.10 (-1.21%)

as of 18 Sep 2026

52W high: ₹227.10
52W low: ₹135.80
Off 52W high: -24.53%
1M return: -5.07%
3M return: -16.00%
6M return: +5.22%
1Y return: -20.76%
20D avg volume: 18,096
50 DMA: ₹183.52
200 DMA: ₹175.46

Key ratios Consolidated

Market cap: ₹1,983 Cr
Current price: ₹171.40
52W high / low: ₹227.10 / ₹135.80
Face value: ₹2.00
P/E: 89.92
P/B: —
EPS (TTM): ₹1.91
Book value / share: —
ROE: —
ROCE: 12.50%
Operating margin: —
Net margin: —
Debt / equity: 0.47
Net debt: ₹326.24 Cr
Interest cover: 1.53
Dividend yield: 0.35%
Dividend / share (TTM): ₹0.60
Payout: 31.41%
Cash conversion cycle: 116.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	566.88	1,008	562.34	613.83	607.63	801.43	—
	5.07	6.76	4.87	6.98	8.38	6.60	—
	565.07	995.97	556.62	612.83	611.56	801.70	—
	402.29	696.13	378.84	435.69	452.65	570.08	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	40.77	39.94	35.56	39.37	36.25	30.84	—
	11.78	14.31	16.22	17.02	15.87	16.95	—
	4.95	5.04	5.22	4.81	4.61	4.06	—
	130.09	207.84	133.54	130.55	104.65	175.40	—
	6.88	18.56	10.60	7.98	4.45	6.33	—
	0.00	0.00	-7.72	0.00	0.00	0.00	—
	6.88	18.56	2.88	7.98	4.45	6.33	—
	2.33	2.84	0.89	2.03	1.13	1.51	—
	4.73	14.14	-0.42	3.60	2.96	4.82	—
	0.41	1.22	-0.04	0.31	0.26	0.42	—
Key metrics
	23.61	37.91	24.32	29.81	24.93	27.34	—
	4.20%	3.80%	4.30%	4.90%	4.10%	3.40%	—
	0.80%	1.40%	-0.10%	0.60%	0.50%	0.60%	—
	—	4.20%	—	3.40%	—	3.30%	—
	-6.70%	25.70%	—	—	—	—	—
	59.80%	193.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	2,751	2,792	2,598	—
	23.68	26.98	30.90	—
	2,730	2,777	2,605	—
	1,913	1,934	1,981	—
	0.00	0.00	0.00	—
	155.64	151.11	120.40	—
	59.33	63.42	53.51	—
	20.02	19.69	12.68	—
	602.02	606.27	450.94	—
	44.02	41.58	23.97	—
	-7.72	-7.72	0.00	—
	36.30	33.86	23.97	—
	8.09	6.90	8.51	—
	22.05	20.28	15.46	—
	1.90	1.75	1.34	—
Key metrics
	115.65	116.97	90.16	—
	4.20%	4.20%	3.50%	—
	0.80%	0.70%	0.60%	—
	—	12.50%	11.10%	—
	—	7.40%	—	—
	—	31.20%	—	—
	—	-12.68	34.65	—
	—	1.04	4.47	—
	—	0.47	0.18	—
	—	326.24	65.32	—
	—	116.4	91.8	—
Balance sheet
	—	2,538	2,075	—
	—	2,119	1,557	—
	—	23.72	55.68	—
	—	1,634	970.66	—
	—	138.51	127.61	—
	—	89.74	180.89	—
	—	90.39	77.53	—
	—	881.56	444.58	—
	—	1,761	1,374	—
	—	349.96	121.00	—
	—	349.96	121.00	—
	—	0.00	0.00	—
	—	747.57	666.27	—
Cash flow
	—	21.09	69.13	—
	—	19.10	-128.13	—
	—	-72.14	68.07	—
	—	33.77	34.48	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	566.88	1,008	562.34	613.83	607.63	801.43	—
	5.07	6.76	4.87	6.98	8.38	6.60	—
	565.07	995.97	556.62	612.83	611.56	801.70	—
	402.29	696.13	378.84	435.69	452.65	570.08	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	40.77	39.94	35.56	39.37	36.25	30.84	—
	11.78	14.31	16.22	17.02	15.87	16.95	—
	4.95	5.04	5.22	4.81	4.61	4.06	—
	130.09	207.84	133.54	130.55	104.65	175.40	—
	6.88	18.56	10.60	7.98	4.45	6.33	—
	0.00	0.00	-7.72	0.00	0.00	0.00	—
	6.88	18.56	2.88	7.98	4.45	6.33	—
	2.33	2.84	0.89	2.03	1.13	1.51	—
	4.55	15.71	1.98	5.94	3.32	4.82	—
	0.39	1.36	0.17	0.51	0.29	0.42	—
Key metrics
	23.61	37.91	24.32	29.81	24.93	27.34	—
	4.20%	3.80%	4.30%	4.90%	4.10%	3.40%	—
	0.80%	1.60%	0.40%	1.00%	0.50%	0.60%	—
	—	4.60%	—	3.80%	—	3.80%	—
	-6.70%	25.70%	—	—	—	—	—
	37.00%	225.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	2,751	2,792	2,598	—
	23.68	26.98	30.90	—
	2,730	2,777	2,605	—
	1,913	1,934	1,981	—
	0.00	0.00	0.00	—
	155.64	151.11	120.40	—
	59.33	63.42	53.51	—
	20.02	19.69	12.68	—
	602.02	606.27	450.94	—
	44.02	41.58	23.97	—
	-7.72	-7.72	0.00	—
	36.30	33.86	23.97	—
	8.09	6.90	8.51	—
	28.18	26.95	15.46	—
	2.43	2.33	1.34	—
Key metrics
	115.65	116.97	90.16	—
	4.20%	4.20%	3.50%	—
	1.02%	1.00%	0.60%	—
	—	13.70%	12.50%	—
	—	7.40%	—	—
	—	74.30%	—	—
	—	-12.68	34.65	—
	—	0.78	4.47	—
	—	0.51	0.21	—
	—	326.24	65.32	—
	—	116.4	91.8	—
Balance sheet
	—	2,472	1,993	—
	—	2,119	1,557	—
	—	23.72	55.68	—
	—	1,634	970.66	—
	—	138.51	127.61	—
	—	89.74	180.89	—
	—	90.39	77.53	—
	—	881.56	444.58	—
	—	1,761	1,374	—
	—	349.96	121.00	—
	—	349.96	121.00	—
	—	0.00	0.00	—
	—	681.26	584.66	—
Cash flow
	—	21.09	69.13	—
	—	19.10	-128.13	—
	—	-72.14	68.07	—
	—	33.77	34.48	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 62.51%

Holder	Type	Holding	Previous	Change
Jamnalal Sons Private Limited	Promoter Group	19.49%	—	—
Bajaj Holdings And Investment Ltd	Promoter Group	16.54%	—	—
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	Public	9.01%	—	—
Kiran Bajaj	Promoter Group	6.52%	—	—
Geetika Bajaj	Promoter Group	1.87%	—	—
Vanraj Bajaj	Promoter Group	1.59%	—	—
Shekhar Bajaj	Promoter	1.57%	—	—
Pooja Bajaj	Promoter Group	1.33%	—	—
Baroda Industries Private Limited	Promoter Group	1.22%	—	—
Hind Musafir Agency Limited	Promoter Group	1.11%	—	—
Manish Santoshkumar Kejriwal	Promoter Group	1.07%	—	—
Niraj Bajaj	Promoter	0.98%	—	—
Vanraj Bajaj Trust (Kiran Bajaj as a Trustee)	Promoter Group	0.86%	—	—
Bajaj International Pvt Ltd	Promoter Group	0.79%	—	—
Neelima Bajaj Swamy Family Trust (Neelima Bajaj Swamy as a Trustee)	Promoter Group	0.70%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Announcement under Regulation 30 (LODR) - Intimation of Schedule of Analyst/Institutional Investor Meet10 Sep 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 (LODR) - Postal ballot Notice - Newspaper Publication5 Sep 2026 · Company Update / Newspaper Publication
Postal Ballot - Notice of Postal Ballot4 Sep 2026 · AGM/EGM / Postal Ballot
Disclosure under Regulation 30 of SEBI LODR Regulation 2015 - Grant of 2,84,000 (Two Lakh Eighty Four Thousand Only) Stock Option Scheme under ESOP 2024.1 Sep 2026 · Company Update / General
Revised - Announcement under Regulation 30 (LODR)-Retirement31 Aug 2026 · Company Update / Retirement
Announcement under Regulation 30 (LODR) - Change in Management31 Aug 2026 · Company Update / Retirement
Announcement under Regulation 30 (LODR) - Press Release21 Aug 2026 · Company Update / Press Release / Media Release
Announcement under Regulation 30 (LODR)- Press Release.12 Aug 2026 · Company Update / Press Release / Media Release
Announcement under Regulation 30 (LODR)- Bagging of Award12 Aug 2026 · Company Update / Award of Order / Receipt of Order
Disclosure of Voting Results of the 4th Annual General Meeting ("AGM") of Bajel Projects Limited.10 Aug 2026 · AGM/EGM / AGM
Summary of proceeding of the 4th Annual General Meeting ("AGM") of the Members of Bajel Projects Limited ("Company") held on August 10, 2026.10 Aug 2026 · AGM/EGM / AGM
Announcement under Regulation 30 (LODR)- Press Release10 Aug 2026 · Company Update / Press Release / Media Release
Announcement under Regulation 30 (LODR)- Bagging of order for Transmission Line.8 Aug 2026 · Company Update / Award of Order / Receipt of Order
Disclosure under Regulation 30 of SEBI Regulation 2015- Bagging of award for Transmission Line8 Aug 2026 · Company Update / Award of Order / Receipt of Order
Announcement under Regulation 30 (LODR)-Investor Presentation7 Aug 2026 · Company Update / Investor Presentation
Announcement under Regulation 30(LODR) - Press Release7 Aug 2026 · Company Update / Press Release / Media Release
Results- Financial Unaudited Results Q-1 FY 26-277 Aug 2026 · Result / Financial Results
Approval of the Unaudited Standalone & Consolidated Financial Results of the Company for the first quarter ended June 30, 20267 Aug 2026 · Board Meeting / Outcome of Board Meeting
Announcement under Regulation 30 (LODR) - Credit Rating6 Aug 2026 · Company Update / Credit Rating
Bajel Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve the unaudited standalone and ....31 Jul 2026 · Board Meeting / Board Meeting
Announcement under Regulation 30 (LODR)-Press Release22 Jul 2026 · Company Update / Press Release / Media Release
Announcement under Regulation 30 (LODR) - Incorporation of a Wholly Owned Subsidiary Company19 Jul 2026 · Company Update / General
Announcement under Regulation 30 (LODR) - Newspaper Publication18 Jul 2026 · Company Update / Newspaper Publication
Announcement under Regulation 30 - Annual Report17 Jul 2026 · Company Update / General
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 201517 Jul 2026 · Company Update / General
Business Responsibility and Sustainability Reporting (BRSR)17 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of the 4th Annual General Meeting of Bajel Projects Limited.17 Jul 2026 · AGM/EGM / AGM
Reg. 34 (1) Annual Report17 Jul 2026 · Others / Reg. 34 (1) Annual Report
Announcement under Regulation 30 (LODR) - Demise of Independent Director17 Jul 2026 · Company Update / Demise
Announcement under Regulation 30 (LODR)-Analyst/Investor Meet -Intimation of Schedule of Analyst / Institutional Investor Meet - Dolat Capital14 Jul 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 (LODR) - Communication on Tax Deduction At Source (TDS) on Dividends.9 Jul 2026 · Company Update / General
Compliances - Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 20188 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement under Regulation 30 (LODR) - Newspaper Publication8 Jul 2026 · Company Update / Newspaper Publication
Announcement under Regulation 30(LODR) - Intimation of Revision in Proposed Date of Annual General Meeting.6 Jul 2026 · Company Update / General
Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Schedule of Analyst / Institutional Investors' Meet - Dolat Capital.23 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investors' Meet - Nippon India Mutual Fund23 Jun 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 (LODR) - Earnings Call Transcripts3 Jun 2026 · Company Update / Earnings Call Transcript
Announcement under Regulation 30 (LODR) - Bagging of order of EHV Substation3 Jun 2026 · Company Update / Award of Order / Receipt of Order
Announcement under Regulation 30 (LODR) - Analyst/Investor meet outcome29 May 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.6000	31 Jul 2026	31 Jul 2026	—

Board meetings

7 Aug 2026 Board Meeting - Financial Results