Bajel Projects Ltd Stock Price Today (NSE: BAJEL)

Bajel Projects Ltd

177.35+0.55 (+0.31%)
Market Closed

Fundamental Score

...

Bajel Projects Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Bajel Projects Ltd share price today is 177.35, up +0.31% on NSE/BSE as of 3 August 2026. Bajel Projects Ltd (BAJEL) is a Small-cap company in the Heavy Electrical Equipment sector with a market capitalisation of 2.11K (Cr). The 52-week high for BAJEL share price is 255.90 and the 52-week low is 135.10. At a P/E ratio of 85.12x, BAJEL is currently trading above its industry average P/E of 38.29x. The company has a Return on Equity (ROE) of 3.50% and a debt-to-equity ratio of 0.49.

Bajel Projects Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
197.00
Low
174.50
Volume
1.6L
Change
-8.26%

Bajel Projects Ltd share price chart: -8.26% return over the past month. 52-week high ₹255.90, 52-week low ₹135.10.

Bajel Projects Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
178.69178.69175.25176.8072.94K (Cr)
178.51178.62174.51175.9786.30K (Cr)
175.49178.00175.49177.6276.72K (Cr)
177.74179.78174.50175.4991.36K (Cr)
179.51182.09176.90177.7489.79K (Cr)
180.75180.75175.95178.9089.13K (Cr)
184.37184.37178.20179.181.63L (Cr)
182.50183.37176.33177.0685.42K (Cr)
179.99180.40177.31179.3378.70K (Cr)
180.00180.26176.20177.561.50L (Cr)

Bajel Projects Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
194.40197.00174.50176.80-9.05%
196.00213.21187.14193.02-1.52%
188.32215.50166.22195.47+3.80%
141.92201.73141.92188.32+32.69%
155.00182.39135.10137.27-11.44%
157.00175.00150.00161.53+2.89%
173.20185.20142.34154.71-10.68%
177.80194.00163.11173.26-2.55%
192.88197.00173.21177.76-7.84%
206.00219.64184.92191.39-7.09%
198.05226.69185.55202.93+2.46%
236.80255.90192.50201.65-14.84%

AI Research Briefing

Powered by Gemini · 2026-04-09

Small-cap EPC player, expensive, needs perfect execution; liquidity a risk.

Research Confidence
6.0/10Moderate
GOVT CAPEX DARK HORSE1M: -6.48%, 3M: -11.57%, 6M: -16.75%.Expensive (P/E 161.23x vs Industry P/E 47.05x).

WHAT'S HAPPENING NOW (last 2-4 weeks)

Bajel Projects secured a order from MSETCL for a 400/220 kV AIS Sub-Station in Pune, to be completed in 23 months. They also received an EPC contract from Tata Power for a 220 kV transmission line project in Mumbai, expected to be completed in 10 months.

CORE STORY (THE REAL GAME)

Bajel Projects is an EPC player riding India's power infrastructure buildout. The story is about order book growth and execution, not just a heavy electrical equipment supplier.

Why Now
  • ₹700 crore MSETCL order win
  • Tata Power EPC contract
  • Positive weekly gain
Potential Catalysts
  • Further order wins
  • Improved quarterly results
  • Infrastructure spending boost
Key Risks
  • High valuation (P/E 161.23x)
  • Small-cap liquidity risk
  • Q3 FY26 revenue and profit decline
Institutional Activity

FII increased holdings slightly (Δ 0.35%), DII decreased (Δ -1.64%).

Macro Context

Heavy Electrical Equipment industry linked to power capacity addition program.

Order Book / Expansion

₹700 crore order from MSETCL for 400/220 kV AIS Sub-Station in Pune. EPC contract from Tata Power for 220 kV transmission line in Mumbai.

Cash Flow Quality

Free Cash Flow 5Y: ₹None Cr.

3–6 Month Outlook

3-6 month thesis hinges on order execution and improved financials. Watch for quarterly results and new order announcements.

Primary Thesis Risk

Inability to execute orders will lead to sharp correction.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

3.50%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

10.24%

Returns generated on total capital deployed

Oper. Profit Margin (5Y Avg)

N/A

Average operating profit margin over 5 years

Dividend Yield

0.33%

Annual dividend as % of current share price

Bajel Projects Ltd Valuation Check

Poor

Price to Earnings (P/E)

85.12x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

38.29x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

62.52%

% shares held by company founders/management

Poor

FII Holding

0.50%

% shares held by foreign institutional investors

Average

DII Holding

9.58%

% held by domestic mutual funds, LIC, banks

Poor

Promoter Pledged %

2.55%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

193.36%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

25.75%

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Average

Debt to Equity Ratio

0.49x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

1.55x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

N/A

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Bajel Projects Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of BAJEL across key market metrics for learning purposes.

Positive Indicators

3 factors identified

Robust Profit Growth (193.36%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (25.75%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Balanced Promoter Holding (62.52%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Risk Factors

3 factors identified

Below-Average Return on Equity (3.50%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Premium Valuation Risk (P/E: 85.12x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Weak Interest Coverage (1.55x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Bajel Projects Ltd vs Heavy Electrical Equipment Peers

Peer Comparison - Heavy Electrical Equipment

Compare Bajel Projects Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
34.3/100
177
₹2106.84
85.1
Average
3.50%
Poor
10.24%
Average
0.5
Excellent
0.33%
64.2/100
7285
₹152553.18
100.2
Average
22.39%
Excellent
29.93%
Excellent
0.0
Excellent
57.13%
Excellent
17.80%
Excellent
0.55%
72.8/100
32175
₹151500.72
147.4
Average
21.89%
Excellent
29.02%
Excellent
0.0
Excellent
53.66%
Excellent
18.96%
Excellent
0.02%
76.1/100
863
₹146315.18
121.0
Average
20.48%
Excellent
26.71%
Excellent
0.0
Excellent
69.51%
Excellent
33.18%
Excellent
0.14%
63.1/100
407
₹145514.83
91.9
Average
6.23%
Poor
9.14%
Poor
0.3
Excellent
20.93%
Excellent
14.31%
Good
0.33%
Siemens Ltd...
SIEMENS500550
68.4/100
3760
₹127184.63
45.3
Average
19.22%
Good
21.44%
Excellent
0.0
Excellent
29.56%
Excellent
20.09%
Excellent
0.00%
51.3/100
3231
₹124569.80
92.4
Average
50.47%
Excellent
67.75%
Excellent
0.0
Excellent
0.11%
72/100
4323
₹120249.98
94.0
Average
57.32%
Excellent
76.43%
Excellent
0.0
Excellent
85.76%
Excellent
12.45%
Good
0.21%
64.4/100
48
₹71461.81
22.6
Average
40.64%
Excellent
35.07%
Excellent
0.1
Excellent
45.66%
Excellent
37.98%
Excellent
0.00%
Thermax Ltd...
THERMAX500411
50/100
4306
₹54121.84
97.8
Average
10.55%
Average
13.94%
Average
0.4
Excellent
17.66%
Excellent
17.59%
Excellent
0.31%
50.5/100
1355
₹32525.99
145.9
Average
35.61%
Excellent
29.63%
Excellent
0.7
Good
80.08%
Excellent
17.38%
Excellent
0.00%

Bajel Projects Ltd PE Ratio History

Historical price-to-earnings ratio for BAJEL — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20251.33₹173.26130.3x
FY 20240.37₹273.05738x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Bajel Projects Ltd Quarterly Performance

Latest quarterly metrics for BAJEL — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

25.75%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

193.36%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Bajel Projects Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for BAJEL — calculated from daily price history

29RSI 14
Oversold — RSI 29

Selling pressure is heavy — potential reversal zone.

SMA 50
190
▼ Price below SMA 50 — Short-term bearish
SMA 200
176
▲ Price above SMA 200 — Long-term uptrend
30-Day Avg Volume
203K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Bajel Projects Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Bajel Projects Ltd (BAJEL) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Bajel Projects Ltd

About BAJEL (Bajel Projects Ltd)

Bajel Projects Ltd is a dynamic force in the heavy electrical equipment sector, specializing in the intricate realm of power transmission and distribution. With a strong focus on e...ngineering, procurement, and construction (EPC), Bajel takes on comprehensive projects that span across India and international markets. Their expertise lies in providing end-to-end turnkey solutions, encompassing every facet of a project's lifecycle. From the initial stages of engineering and meticulous design to rigorous testing, precision manufacturing, flawless execution, and seamless commissioning, Bajel manages it all. They are architects of robust power networks, building the very infrastructure that electrifies communities and industries. The company's proficiency extends to the construction of cutting-edge infrastructure for power distribution. They undertake both greenfield ventures, crafting entirely new systems, and brownfield projects, skillfully augmenting existing networks for diverse power distribution companies and agencies. Bajel Projects plays a pivotal role in enhancing the capacity and reliability of power grids, ensuring a stable and efficient electricity supply. Their commitment to quality and innovation drives them to implement advanced technologies and practices, optimizing performance and minimizing environmental impact. Moreover, Bajel's dedication extends to bridging the energy divide through rural and urban electrification initiatives. They understand the transformative power of electricity in empowering communities and driving economic growth. By extending power access to underserved areas, Bajel Projects contributes to improving lives and fostering sustainable development. Their commitment to excellence, coupled with a customer-centric approach, positions Bajel Projects as a trusted partner in shaping the future of power transmission and distribution, building a brighter, more electrified world.

Company Details

Symbol:BAJEL
Industry:Heavy Electrical Equipment
Sector:Heavy Electrical Equipment

Key Leadership

Mr. Rajesh Ganesh
CEO, Managing Director & Director
Mr. Ajay Suresh Nagle
Company Secretary, Chief Compliance Officer & Executive Director
Mr. Piyush Bansal
Joint President & Business Head of Power Transmission

BAJEL Share Price: Frequently Asked Questions

What is the current share price of Bajel Projects Ltd?

Bajel Projects Ltd (BAJEL) trades at ₹177.35 on NSE and BSE. Market cap ₹2.11K (Cr). Educational data only.

What is the P/E ratio of Bajel Projects Ltd?

Bajel Projects Ltd has a P/E of 85.12x vs industry average 38.29x.

What is the Bull Run score for Bajel Projects Ltd?

Bajel Projects Ltd has a Bull Run score of 34.3/100 based on 25+ financial parameters.

Does Bajel Projects Ltd pay dividends?

Bajel Projects Ltd has a dividend yield of 0.33%. Past dividends don't guarantee future payments.

What is the ROE of Bajel Projects Ltd?

Bajel Projects Ltd has ROE of 3.50%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Bajel Projects Ltd?

Bajel Projects Ltd has debt-to-equity of 0.49.

Is Bajel Projects Ltd a good investment?

Bull Run gives Bajel Projects Ltd a score of 34.3/100. This is not investment advice — consult a SEBI-registered advisor.