Bajel Projects share price
NSE: BAJELBSE: 544042Electrical EquipmentSmall Cap
Bajel Projects Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Dec 2023
Last close ₹160.84down ₹2.27 (1.39%)BSE ₹160.50
Share price at the NSE close on 30 Oct 2026. Previous close ₹163.11.
30 Oct: open ₹163.00, high ₹163.00, low ₹157.50
52-week range of traded prices to 30 Oct 2026
₹135.10Low, 30 Mar 2026₹215.50High, 29 May 2026
- Next results date: the board meets on 6 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,861 Cr1,161st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 84.39
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹7.72 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 62.51
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.49
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.37%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 3.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹7.72 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 4.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 7.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.47
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 93,94835.5% delivered
Results
Standalone, as consolidated accounts are on record for only 2 of the last ten years; ₹ crore.Bajel Projects quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹567 Crdown 43.75%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹4.55 Crdown 71.06%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 0.8%
Revenue by quarter
Peak revenue ₹1,008 Cr, quarter to Mar 2026; lowest ₹562 Cr, quarter to Dec 2025
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 662 | 622 | 801 | 608 | 614 | 562 | 1,008 | 567 |
| Net profit | 4 | 1 | 5 | 3 | 6 | 2 | 16 | 5 |
| Net margin | 0.6% | 0.2% | 0.6% | 0.5% | 1.0% | 0.4% | 1.6% | 0.8% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,792 Crup 7.44%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹27 Crup 74.30%
- Net margin
- 1.0%
Revenue by year
Peak revenue ₹2,792 Cr, year to Mar 2026; lowest ₹1,169 Cr, year to Mar 2024
Net profit by year, a loss in red
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 1,169 | 2,598 | 2,792 |
| Net profit | 4 | 15 | 27 |
| Net margin | 0.4% | 0.6% | 1.0% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, EPC, which carries all its revenue.
Valuation
Today, against the company's own history.Bajel Projects PE ratio and valuation
Price to earnings
At or below today's level on 2% of 603 trading days since May 2024.
LowestHighest
Its median114.35Industry median32.84
Price to book
At or below today's level on 3% of 696 trading days since Jan 2024.
LowestHighest
Its median3.95Industry median5.23
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 99% of 700 trading days since Jan 2024.
LowestHighest
Its median0.00%Industry median0.36%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −15.8% | +73.9% | −51.8% | 0.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.
Mutual fund holdings
5 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 1 of the 1 fund that added or cut is an index fund, an ETF or an arbitrage fund: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.
- CutCut. Funds that held fewer shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 4
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 61,50,393 | 0.13% | ₹101.4 Cr |
| Nippon India Power & Infra FundNippon India Mutual Fund | 35,57,135 | 0.75% | ₹58.7 Cr |
| Nippon India Retirement Fund- Wealth Creation SchemeNippon India Mutual Fund | 7,12,744 | 0.40% | ₹11.8 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 1,60,000 | 0.01% | ₹2.64 Cr |
 Motilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund | 123 | – | ₹20,000 |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Bajel Projects competitors and peers
Heavy Electrical Equipment, 48 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Bajel Projects in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 GE Power IndiaGVPIL | 3,808 | 14.02 | 6.54 | +18.7% | +9.9% | 60.4% | 50.1% | 1.24% |
 Indo Tech TransformersINDOTECH | 2,884 | 29.04 | 7.72 | +22.0% | +28.7% | 30.3% | 32.4% | 0.37% |
 Bharat BijleeBBL | 2,634 | 20.32 | 1.14 | +26.4% | −11.8% | 5.8% | 5.7% | 1.50% |
 MarsonsMARSONS | 2,558 | 57.84 | 11.75 | – | – | 26.0% | 18.7% | 0.00% |
 Exicom Tele-SystemsEXICOM | 1,739 | – | 2.67 | +55.6% | – | −41.1% | −19.8% | 0.00% |
 Danish PowerDANISH | 1,673 | 24.07 | 3.63 | +22.2% | +20.7% | 17.8% | – | 0.24% |
 KP Green EngineeringKPGEL | 1,329 | 9.79 | 2.90 | +79.3% | +84.7% | 34.7% | 30.8% | 0.21% |
 Jyoti StructuresJYOTISTRUC | 1,169 | 18.17 | 2.46 | +49.4% | +54.5% | 12.4% | 1.9% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Bajel Projects dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹0.60 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 31 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.60 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Bajel Projects announcements
Oct 2026
28 Oct · Board meeting
Not held on this date
26 Oct · Business
26 Oct · Business
9 Oct · Business
9 Oct · Business
Bajel Projects share price by year
Each calendar year to 2025.Bajel Projects share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 173.26 | −36.5% | 277.50 | 151.62 |
| 2024 | 273.05 | +105.6% | 320.95 | 109.40 |
| 2023 | 132.80 | – | 190.00 | 132.80 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 19 Dec 2023.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 160.29 | 166.00 | 160.29 | 163.11 | 163.62 | 1,52,549 | 35.8% |
| 28 Oct 2026 | 165.00 | 167.72 | 160.55 | 161.20 | 164.03 | 2,02,416 | 31.8% |
| 27 Oct 2026 | 172.00 | 175.68 | 163.20 | 168.34 | 167.58 | 47,33,197 | 6.2% |
| 26 Oct 2026 | 152.00 | 157.33 | 150.00 | 156.05 | 155.04 | 78,849 | 42.4% |
| 23 Oct 2026 | 154.10 | 156.99 | 145.25 | 153.48 | 150.05 | 3,73,975 | 46.3% |
| 22 Oct 2026 | 156.80 | 160.46 | 154.15 | 155.15 | 156.62 | 1,38,517 | 46.1% |
| 21 Oct 2026 | 166.70 | 166.90 | 156.10 | 157.58 | 160.69 | 1,81,568 | 43.5% |
| 19 Oct 2026 | 168.50 | 171.79 | 164.72 | 167.90 | 168.81 | 2,85,793 | 32.7% |
| 16 Oct 2026 | 157.10 | 169.01 | 155.26 | 167.75 | 164.52 | 5,33,485 | 38.2% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- BAJEL
- BSE code
- 544042
- ISIN
- INE0KQN01018
- Industry
- Electrical Equipment
- Website
- bajelprojects.com
- CIN
- L31900MH2022PLC375133
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2022
- Registered office
- 801, Rustomjee Aspiree, Anik Wadala Link Road, Sion East, Mumbai 400022, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments