BAJEL · NSE
Bajel Projects Limited
₹171.91
-0.68% (-₹1.17)
Prev. close
₹173.08
Volume
1,53,833
Delivery %
61.0%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About Bajel Projects Limited
Bajel Projects Limited engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally. The company offers turnkey solutions, including engineering, designing, testing, manufacturing, executing, and commissioning of EHV transmission lines; and constructs new infrastructure, as well as the augmentation of existing infrastructure for various power distribution companies and agencies. It also engages in providing EPC services at rural/urban electrification infrastructure; primary distribution substation; and underground cabling activities. In addition, the company designs, manufactures, supplies, and installs monopoles; designs and manufactures a range of transmission, distribution poles, including single poles, twin poles, and special structures, such as cable termination poles, three poles, or quad structures; and tubular substation structures. Further, it provides lattice structure, steel tubular poles, lighting poles and masts; and galvanizing services. Bajel Projects Limited was incorporated in 2022 and is based in Mumbai, India.
Details
Sector
Utilities
Industry
Utilities - Regulated Electric
CEO
Mr. Rajesh Ganesh
Headquarters
Mumbai
Employees
895
Website
bajelprojects.comExchange
View on NSE ↗Key stats
Market cap
₹1,988.95 Cr
P/E ratio (TTM)
91.0
Dividend yield
0.35%
EPS (TTM)
₹1.89
Beta (1Y · daily vs NIFTY 50)
1.24
Shares float
6.24 Cr
EPS · quarter ended Jun 2026
₹0.41
Financial Performance
01 · Financials
FY23 growth needs FY22 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹586.81 Cr | ₹1,169.21 Cr | ₹2,562.61 Cr | ₹2,791.58 Cr | |
| EBITDA | ₹13.40 Cr | ₹23.00 Cr | ₹90.17 Cr | ₹110.29 Cr |
| ₹-1.58 Cr | ₹4.29 Cr | ₹15.46 Cr | ₹20.28 Cr | |
| Diluted EPS | ₹-0.14 | ₹0.37 | ₹1.33 | ₹1.74 |
Total expenses (as filed), Employee benefit expense, Other expenses, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹935.13 Cr | ₹1,343.00 Cr | ₹2,075.00 Cr | ₹2,538.00 Cr | |
| ₹72.12 L | ₹14.91 Cr | ₹375.60 Cr | ₹366.81 Cr | |
| Stockholders' equity | ₹557.36 Cr | ₹566.00 Cr | ₹666.00 Cr | ₹747.00 Cr |
CWIP, Others, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹10.56 Cr | ₹195.00 Cr | ₹69.00 Cr | ₹21.00 Cr | |
| Investing cash flow | ₹-2.72 Cr | ₹-134.83 Cr | ₹-128.13 Cr | ₹19.10 Cr |
| ₹-7.97 Cr | ₹-15.00 Cr | ₹68.00 Cr | ₹-72.00 Cr | |
| Capital expenditure | ₹-2.76 Cr | ₹-27.05 Cr | ₹-34.48 Cr | ₹-33.77 Cr |
| End cash position | ₹65.25 L | ₹46.61 Cr | ₹55.68 Cr | ₹23.72 Cr |
Dividends paid has filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 23–Dec 23(2Q) | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25–Jun 26(3Q) |
|---|---|---|---|---|---|---|---|---|---|
| Promoter | 62.85% | 62.75% | 62.72% | 62.61% | 62.59% | 62.58% | 62.57% | 62.55% | 62.53% |
| Public | 37.15% | 37.25% | 37.28% | 37.39% | 37.41% | 37.42% | 37.43% | 37.45% | 37.47% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Utilities
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Adani Power Limited | ₹3.97 L Cr | ₹206.6 | 27.9 | 6.12 | 19.8% | 0.84 | -3.5% | -67.3% |
| NTPC Limited | ₹3.20 L Cr | ₹323.65 | 10.1 | 1.57 | 13.3% | 1.33 | -1.2% | -3.9% |
| Power Grid Corporation of India Limited | ₹2.45 L Cr | ₹270.3 | 12.9 | 2.44 | 15.8% | 1.51 | +1.6% | -6.5% |
| Adani Green Energy Limited | ₹2.10 L Cr | ₹1,334.5 | 122.3 | 10.51 | 8.3% | 5.08 | +11.6% | +36.3% |
| Adani Energy Solutions Limited | ₹1.70 L Cr | ₹1,436.1 | 57.1 | 6.67 | 9.0% | 1.93 | +15.4% | +71.5% |
| Tata Power Company Limited | ₹1.18 L Cr | ₹374.8 | 30.6 | 2.99 | 9.5% | 2.02 | -4.8% | -4.7% |
| GAIL (India) Limited | ₹1.13 L Cr | ₹173.9 | 11.4 | 1.27 | 8.5% | 0.28 | -0.2% | -3.9% |
| Siemens Energy India Limited | ₹1.11 L Cr | ₹3,228 | 74.2 | 25.27 | 25.1% | 0.03 | +63.5% | -7.1% |
| JSW Energy Limited | ₹93,817.50 Cr | ₹526 | 40.3 | 3.05 | 7.3% | 2.50 | +62.8% | -2.2% |
| NHPC Limited | ₹75,749.61 Cr | ₹75.2 | 27.6 | 1.83 | 9.1% | 1.32 | +7.2% | -13.8% |
| NTPC Green Energy Limited | ₹73,797.80 Cr | ₹88.55 | 141.3 | 3.89 | 2.8% | 1.67 | +29.8% | -14.7% |
| Bajel Projects Limited | ₹1,988.95 Cr | ₹171.91 | 91.0 | 2.66 | 2.7% | 0.49 | +7.6% | -20.4% |
Ranked by market cap within Utilities, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
7 indices
Weight is BSE’s own published index weight. Indices without weight data are listed without one, in alphabetical order after the weighted ones.