Debut Plus

₹177.56

▼ -2.43 -1.35%

17 Jul 2026

NSE Listed · Infrastructure Developers & Operators

Bajel Projects Limited (BAJEL)

Volume: 1,50,112Avg Vol 1W: 55,777Avg Vol 1M: 1,21,02252W Range:₹135.1₹263.9
NSE BSE bajelprojects.com
Key Ratios
Checked just now
Market Cap₹2,054 Cr
Current Price₹177.56
Previous Close₹179.99
High / Low (52w)₹263.9 / ₹135.1
Volume1,50,112
Avg Vol (1W)55,777
Avg Vol (1M)1,21,022
Stock P/E82.97
Book Value₹64.61
Dividend Yield33%
ROE331.09%
ROA79.89%
Revenue (TTM)—
Revenue Growth122.22%
Profit Margin73.52%
Total Debt₹0 Cr
Shares Outstanding12 Cr
Face Value₹2
EPS (TTM)₹2.14
P/B2.75
Debt / Equity0.18
50 DMA₹192.76
200 DMA₹176.89
Day change-1.35%
Price Chart
₹177.56▼ 0.31% · 1Y
₹212₹1374.1Cr
2025-11-25
2026-07-17

20-day avg volume: 1.3L shares

Pros
  • Healthy return on equity of 331.1%.
  • Pays a dividend yield of 33.0%.
  • Company is almost debt-free.
  • Revenue grew 120% YoY.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 83.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹512 Cr₹662 Cr₹622 Cr₹801 Cr₹608 Cr₹614 Cr₹562 Cr₹1,008 Cr
EBITDA₹17 Cr₹19 Cr₹19 Cr₹23 Cr₹20 Cr₹25 Cr₹27 Cr₹32 Cr
Net Profit₹6 Cr₹4 Cr₹1 Cr₹5 Cr₹3 Cr₹4 Cr₹0 Cr₹14 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2023Mar 2024Mar 2025
Revenue₹718 Cr₹1,195 Cr₹2,629 Cr
EBITDA₹7 Cr₹30 Cr₹77 Cr
Net Profit₹-2 Cr₹4 Cr₹15 Cr
EPS-0.140.371.33
Balance Sheet
MetricMar 2023Mar 2024Mar 2025
Total Assets₹935 Cr₹1,343 Cr₹2,075 Cr
Total Liabilities₹378 Cr₹777 Cr₹1,409 Cr
Equity₹557 Cr₹566 Cr₹666 Cr
Total Debt₹0 Cr——
Cash Flow
MetricMar 2023Mar 2024Mar 2025
Operating₹15 Cr₹197 Cr₹69 Cr
Investing₹-3 Cr₹-135 Cr₹-128 Cr
Financing₹-8 Cr₹-15 Cr₹68 Cr
Free Cash Flow₹15 Cr₹197 Cr₹69 Cr
Shareholding
Promoter 62.53% Institutions 10.08% Public 27.39%
Efficiency & Working Capital
ROCE8.8%
Interest Coverage1.4
Dividend Payout—
Debtor Days136 d
Inventory Days18 d
Payable Days110 d
Cash Conversion Cycle44 d
Working Capital Days154 d
Shareholding Details

As of 2026-03-31

Promoter62.5%
FII0.5%
DII9.6%
Institutions10.1%
Public27.4%
Promoter Pledge2.6%
No. of Shareholders83,533
Shareholding Pattern

Quarterly — figures in %. Latest 11 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters62.9%62.9%62.8%62.7%62.6%62.6%62.6%62.6%62.5%62.5%62.5%
FIIs10.5%10.5%0.5%0.3%0.5%0.3%0.3%0.3%0.7%0.4%0.5%
DIIs11.8%11.8%8.1%7.8%8.3%9.5%9.6%10.3%8.7%9.1%9.6%
Public14.9%14.9%28.7%29.2%28.6%27.6%27.5%26.8%28.1%28%27.4%
Promoter Pledge2.6%2.6%2.6%2.6%2.6%2.6%2.6%2.6%2.6%2.6%2.6%
No. of Shareholders63,36362,79683,26890,10690,72589,92988,56185,93985,01383,99183,533
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Jamnalal Sons Private LimitedShareholding of Promoter and Promoter Group19.5%2.25 Cr
Bajaj Holdings And Investment LtdShareholding of Promoter and Promoter Group16.5%1.91 Cr
Nippon Life India Trustee Ltd-a/c Nippon India Small Cap FundPublic Shareholding9%1.04 Cr
Kiran BajajShareholding of Promoter and Promoter Group6.5%75,45,224
Geetika BajajShareholding of Promoter and Promoter Group1.9%21,60,084
Vanraj BajajShareholding of Promoter and Promoter Group1.6%18,43,556
Shekhar BajajShareholding of Promoter and Promoter Group1.6%18,14,639
Pooja BajajShareholding of Promoter and Promoter Group1.3%15,41,875
Baroda Industries Private LimitedShareholding of Promoter and Promoter Group1.2%14,12,738
Hind Musafir Agency LimitedShareholding of Promoter and Promoter Group1.1%12,88,000
Manish Santoshkumar KejriwalShareholding of Promoter and Promoter Group1.1%12,40,730
Niraj BajajShareholding of Promoter and Promoter Group1%11,30,882
Vanraj Bajaj Trust (kiran Bajaj As A Trustee)Shareholding of Promoter and Promoter Group0.9%10,00,000
Bajaj International Pvt LtdShareholding of Promoter and Promoter Group0.8%9,17,881
Neelima Bajaj Swamy Family Trust (neelima Bajaj Swamy As A Trustee)Shareholding of Promoter and Promoter Group0.7%8,12,973
Minal BajajShareholding of Promoter and Promoter Group0.6%6,94,674
Hercules Hoists LimitedShareholding of Promoter and Promoter Group0.5%6,24,596
Nimisha Jaipuria Family Trust (nimisha Jaipuria As A Trustee)Shareholding of Promoter and Promoter Group0.5%6,28,043
Shekhar Holdings Pvt LtdShareholding of Promoter and Promoter Group0.5%5,40,253
Niravnayan Trust (niraj Bajaj As A Trustee)Shareholding of Promoter and Promoter Group0.5%5,24,721
Kriti Bajaj Family Trust (minal Niraj Bajaj As A Trustee)Shareholding of Promoter and Promoter Group0.4%5,00,000
Niravnayan Bajaj Family Trust (niraj Bajaj As A Trustee)Shareholding of Promoter and Promoter Group0.4%5,00,000
Rishab Family Trust (rajivnayan Bajaj As A Trustee)Shareholding of Promoter and Promoter Group0.4%4,71,052
Rahul Securities Pvt LtdShareholding of Promoter and Promoter Group0.4%4,67,093
Sanjivnayan BajajShareholding of Promoter and Promoter Group0.4%4,28,749
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Kiran Bajaj00%2026-03-31
Geetika Bajaj00%2026-03-31
Vanraj Bajaj18,43,556100%2026-03-31
Shekhar Bajaj00%2026-03-31
Pooja Bajaj00%2026-03-31
Manish Santoshkumar Kejriwal00%2026-03-31
Niraj Bajaj00%2026-03-31
Minal Bajaj00%2026-03-31
Sanjivnayan Bajaj00%2026-03-31
Kumud Bajaj00%2026-03-31
Niravnayan Bajaj00%2026-03-31
Neelima Bajaj Swamy00%2026-03-31
Board of Directors
NameDesignationYear
Shekhar BajajChairman(Non Exe)&Dir(Non-Ind)2025
RAJESH GANESHManaging Director & CEO2025
Ajay NagleED / Company Secretary / Compliance Officer2025
Rajendra Prasad SinghIndependent Non Exe. Director2025
Maneck DavarIndependent Non Exe. Director2025
Radhika PereiraIndependent Non Exe. Director2025
SUDARSHAN SAMPATHKUMARIndependent Non Exe. Director2025
Segments — Product
SegmentRevenueShare
Power Transmission and Power Distri₹0 Cr—
Segments — Geography
RegionRevenueShare
India₹2,533 Cr97.5%
Outside India₹65 Cr2.5%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2402323
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-31Dividend (0.6/- per share)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20250007181188
202500002121
202500001313
Insider / Designated-Person Trades

30 recent disclosure(s)

Kumud Neelima Family TrustAcquisition · 1,25,800
Kumud Neelima Family TrustDisposal · 1,25,800
Kumud Nimisha Family TrustAcquisition · 1,25,800
Kumud Nimisha Family TrustDisposal · 1,25,800
Nimisha Bajaj Family TrustAcquisition · 2,06,575
Nimisha Bajaj Family TrustDisposal · 2,06,575
Substantial Acquisitions (SAST)

4 disclosure(s)

Market10/09/2025 · 31,35,825
Market10/01/2024 · 20,45,000
Sch.of Arrangement16/09/2023 - 19/12/2023 · 7,23,42,279
Spin Off19/12/2023 · 61,86,493
Company Information
Incorporated2022
ChairmanShekhar Bajaj
AuditorS R B C & Co LLP
Investor Email[email protected]
🌐 bajelprojects.com ↗

📍 801 Rustomjee Sion East, Anik Wadala Link Road, Mumbai, Maharashtra, 400022

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