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Bajel Projects BAJEL.NS · INR

Utilities · NSE · 🇮🇳 India

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158.06

-3.32%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹27.92bn

FY2023FY2026

Net income

₹202.8m

FY2023FY2026

Free cash flow

−₹576.4m

FY2023FY2026

Shareholders' equity

₹7.48bn

FY2023FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023
Revenue₹27.92bn₹25.98bn₹11.69bn₹5.69bn
Gross profit₹3.13bn₹3.80bn₹2.20bn₹522.9m
Operating income₹780.2m₹2.60bn₹249.4m₹923.1m
Net income₹202.8m₹154.6m₹42.9m−₹15.8m
Diluted earnings per share1.751.340.38-0.14

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023
Total assets₹25.38bn₹20.75bn₹13.43bn₹9.35bn
Cash and short-term investments₹1.83bn₹1.03bn₹593.5m₹6.5m
Total liabilities₹17.91bn₹14.09bn₹7.77bn₹3.78bn
Debt₹3.67bn₹1.40bn₹149.1m₹7.2m
Shareholders' equity₹7.48bn₹6.66bn₹5.66bn₹5.57bn
Shares outstanding116m116m112m116m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023
Cash from operations−₹238.7m₹691.3m₹1.95bn₹32.8m
Capital spending−₹337.7m−₹344.8m−₹270.5m−₹27.6m
Free cash flow−₹576.4m₹346.5m₹1.68bn₹5.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹5.67bn₹10.08bn₹5.62bn₹6.14bn₹6.01bn₹8.01bn₹6.15bn₹6.62bn
Gross profit₹655.3m₹1.06bn₹738.1m₹726.7m₹912.5m₹1.13bn₹892.5m₹958.3m
Operating income₹135.9m₹261.1m₹219.5m₹180.2m₹119.4m₹820.4m₹114.3m₹135.4m
Net income₹47.3m₹141.4m−₹4.2m₹36.0m₹29.6m₹48.2m₹14.6m₹36.6m
Diluted earnings per share0.411.22-0.040.310.260.420.130.33
Cash from operations———₹69.0m————
Capital spending———−₹157.0m————
Free cash flow———−₹88.0m————
Total assets—₹25.38bn—₹19.94bn—₹20.75bn—₹16.22bn
Cash and short-term investments₹825.1m₹1.83bn₹2.04bn₹2.04bn₹1.03bn₹2.68bn₹1.97bn₹2.03bn
Debt—₹3.56bn—₹990.6m—₹1.26bn—₹1.74bn
Shareholders' equity₹7.48bn₹7.48bn₹7.06bn₹7.06bn₹6.66bn₹6.66bn₹5.83bn₹5.83bn

Financial ratios

Data as of 27 Sept 2026

FY2026FY2025FY2024FY2023
Gross margin11.2%14.6%18.8%9.2%
Operating margin2.8%10.0%2.1%16.2%
Net margin0.7%0.6%0.4%-0.3%
Return on equity2.7%2.3%0.8%-0.3%
Return on assets0.8%0.7%0.3%-0.2%
Free cash flow yield0.5%5.2%11.5%0.3%
Revenue growth7.4%122.2%105.5%—
Earnings growth31.1%260.7%-371.1%—
Current ratio1.20x1.13x1.47x2.16x
Debt to equity0.48x0.19x0.00x0.00x
Equity ratio29.4%32.1%42.2%59.6%
Interest coverage1.23x4.85x1.96x8.92x
Buybacks as a share of market value-0.0%-3.1%3.3%-0.8%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue70.1%——
Operating income-5.5%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin12.9%13.5%——

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023
Price to earnings95.3129.6—-974.2
Price to sales0.70.82.72.8

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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