BAJEL PROJECTS LIMITED (BAJEL) financials

BAJEL PROJECTS LIMITED (BAJEL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2022, Bajel Projects Ltd is in the business of Engineering, Procurement and Construction[1]Bajel Projects Limited (BPL)is a carved out legal entity from Bajaj Electricals Ltd. It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the…

Market Cap: ₹1,941Cr.
Current Price: ₹168
Stock P/E: 58.6
ROE: 5.91%
ROCE: 12.4%
Book Value: ₹58.9
Dividend Yield: 0.36%
52W High / Low: ₹216/135

In Jun 2026, BAJEL PROJECTS LIMITED (BAJEL) reported sales ₹566.88 Cr and net profit ₹4.55 Cr.

Annual TTM: sales ₹2,751 Cr, net profit ₹28 Cr.

Shareholding: Promoters 62.52% (Sep 2026), FIIs 0.33% (Sep 2026), DIIs 9.14% (Sep 2026), Public 28.01% (Sep 2026), No. of Shareholders 81,427% (Sep 2026).

BAJEL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	662.41	622.39	801.42	607.64	613.83	562.34	1,007.77	566.88
Expenses	645.61	607.75	780.68	591.09	591.00	535.17	976.63	548.33
Operating Profit	16.80	14.64	20.74	16.55	22.83	27.17	31.14	18.55
OPM %	2.54%	2.35%	2.59%	2.72%	3.72%	4.83%	3.09%	3.27%
Other Income	5.15	7.45	6.60	8.38	6.98	-2.85	6.76	5.07
Interest	11.93	15.45	16.95	15.87	17.02	16.22	14.31	11.78
Depreciation	3.26	3.21	4.06	4.61	4.81	5.22	5.04	4.95
Profit before tax	6.76	3.43	6.33	4.45	7.98	2.88	18.55	6.89
Tax %	45.86%	57.43%	23.85%	25.62%	25.56%	30.90%	15.31%	33.82%
Net Profit	3.66	1.46	4.82	3.32	5.94	1.98	15.71	4.55
EPS in Rs	0.32	0.13	0.42	0.29	0.51	0.17	1.36	0.39
Raw PDF	—	—	—	—	—	—	—	—

BAJEL profit and loss (₹ Cr.)
Category	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	664	1,169	2,598	2,792	2,751
Expenses	694	1,153	2,523	2,674	2,651
Operating Profit	-30	16	75	118	100
OPM %	-4.6%	1.4%	2.9%	4.2%	3.6%
Other Income	54	18	21	10	16
Interest	18	24	60	74	59
Depreciation	6	6	13	20	20
Profit before tax	-0	4	24	34	36
Tax %	468%	-17%	35%	20%	—
Net Profit	-2	4	15	27	28
EPS in Rs	—	0.37	1.34	2.33	2.43
Dividend Payout %	0%	0%	0%	103%	—

BAJEL balance sheet (₹ Cr.)
Category	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	23	23	23
Reserves	534	543	562	658
Borrowings	1	15	376	367
Other Liabilities	377	762	1,033	1,424
Total Liabilities	935	1,343	1,993	2,472
Fixed Assets	48	69	98	108
CWIP	1	0	0	7
Investments	0	3	0	0
Other Assets	887	1,271	1,895	2,357
Total Assets	935	1,343	1,993	2,472

BAJEL cash flows (₹ Cr.)
Category	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	11	195	69	21
Cash from Investing Activity	-3	-135	-128	19
Cash from Financing Activity	-8	-15	68	-72
Net Cash Flow	-0	46	9	-32
Free Cash Flow	8	168	35	-13
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-48%	1,233%	91%	22%

BAJEL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	62.59%	62.57%	62.57%	62.55%	62.53%	62.53%	62.53%	62.52%
FIIs	0.28%	0.31%	0.32%	0.67%	0.40%	0.50%	0.53%	0.33%
DIIs	9.54%	9.60%	10.30%	8.66%	9.06%	9.58%	9.20%	9.14%
Public	27.59%	27.51%	26.81%	28.11%	28.01%	27.39%	27.72%	28.01%
No. of Shareholders	89,929	88,561	85,939	85,013	83,991	83,533	83,063	81,427

BAJEL key ratios
Category	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	203	190	136	214
Inventory Days	74	42	24	26
Days Payable	196	201	103	166
Cash Conversion Cycle	81	31	57	74
Working Capital Days	233	62	-13	23
ROCE %	—	6%	12%	12%

BAJELUpdated 17 Oct 2026, 3:32

Bajel Projects Limited

BAJELUpdated 17 Oct 2026, 3:32

Market Cap

₹1,941Cr.

Current Price

₹168

High / Low

₹216/135

Stock P/E

58.6

ROE5.91%

ROCE12.4%

Book Value₹58.9

Face Value₹2.00

Dividend Yield0.36%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	205.02	2.34	207.57	4.12	1.24	-2.01	-14.93	-1.7	—
Sep 2023	199.95	2.16	203.96	2.15	1.4	-5.42	-18.08	-4.44	-0.39
Dec 2023	275.08	3.97	265.96	0.97	1.43	4.69	28.36	3.36	0.29
Mar 2024	489.16	10.07	481.31	10.39	1.75	6.42	-10.28	7.07	0.61
Jun 2024	512.01	9.19	504.91	11.7	2.16	7.45	25.91	5.52	0.48
Sep 2024	662.41	11.93	645.61	5.15	3.26	6.76	45.86	3.66	0.32
Dec 2024	622.39	15.45	607.75	7.45	3.21	3.43	57.43	1.46	0.13
Mar 2025	801.42	16.95	780.68	6.6	4.06	6.33	23.85	4.82	0.42
Jun 2025	607.64	15.87	591.09	8.38	4.61	4.45	25.62	3.32	0.29
Sep 2025	613.83	17.02	591	6.98	4.81	7.98	25.56	5.94	0.51
Dec 2025	562.34	16.22	535.17	-2.85	5.22	2.88	30.9	1.98	0.17
Mar 2026	1007.77	14.31	976.63	6.76	5.04	18.55	15.31	15.71	1.36
Jun 2026	566.88	11.78	548.33	5.07	4.95	6.89	33.82	4.55	0.39

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2023	664	18	694	54	6	0	468	-2	—
Mar 2024	1169	24	1153	18	6	4	-17	4	0.37
Mar 2025	2598	60	2523	21	13	24	35	15	1.34
Mar 2026	2792	74	2674	10	20	34	20	27	2.33
TTM	2751	59	2651	16	20	36	—	28	2.43

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	62.52%
FIIs	0.33%
DIIs	9.14%
Public	28.01%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	62.85%	10.46%	12.03%	14.66%
Mar 2024	62.75%	0.51%	8.07%	28.67%
Jun 2024	62.72%	0.29%	7.83%	29.17%
Sep 2024	62.61%	0.5%	8.29%	28.59%
Dec 2024	62.59%	0.28%	9.54%	27.59%
Mar 2025	62.57%	0.31%	9.6%	27.51%
Jun 2025	62.57%	0.32%	10.3%	26.81%
Sep 2025	62.55%	0.67%	8.66%	28.11%
Dec 2025	62.53%	0.4%	9.06%	28.01%
Mar 2026	62.53%	0.5%	9.58%	27.39%
Jun 2026	62.53%	0.53%	9.2%	27.72%
Sep 2026	62.52%	0.33%	9.14%	28.01%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2023	23	534	1	377	935	48	1	0	887	935
Mar 2024	23	543	15	762	1343	69	0	3	1271	1343
Mar 2025	23	562	376	1033	1993	98	0	0	1895	1993
Mar 2026	23	658	367	1424	2472	108	7	0	2357	2472

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2023	11	-3	-8	0
Mar 2024	195	-135	-15	46
Mar 2025	69	-128	68	9
Mar 2026	21	19	-72	-32

Key ratios

Historical financial ratios

Category	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	203	190	136	214
Inventory Days	74	42	24	26
Days Payable	196	201	103	166
Cash Conversion Cycle	81	31	57	74
Working Capital Days	233	62	-13	23
ROCE %	—	6%	12%	12%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of BAJEL PROJECTS LIMITED (BAJEL)?

The reported market capitalisation for BAJEL PROJECTS LIMITED (BAJEL) is ₹1,941Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of BAJEL?

The current price shown for BAJEL PROJECTS LIMITED (BAJEL) on Fincrux is ₹168 with a 52-week high/low of ₹216/135.

What is the P/E ratio of BAJEL PROJECTS LIMITED (BAJEL)?

The stock P/E for BAJEL PROJECTS LIMITED (BAJEL) is 58.6 on Fincrux, with ROE at 5.91% and ROCE at 12.4%.

What were BAJEL latest quarterly results?

For Jun 2026, BAJEL PROJECTS LIMITED (BAJEL) reported sales ₹566.88 Cr and net profit ₹4.55 Cr (figures in ₹ crore unless noted).

What are BAJEL annual sales and net profit?

For TTM, BAJEL PROJECTS LIMITED (BAJEL) shows sales of ₹2,751 Cr and net profit of ₹28 Cr on the Fincrux profit & loss statement.

Who owns BAJEL PROJECTS LIMITED (BAJEL)?

Latest shareholding for BAJEL PROJECTS LIMITED (BAJEL) on Fincrux: Promoters 62.52% (Sep 2026), FIIs 0.33% (Sep 2026), DIIs 9.14% (Sep 2026), Public 28.01% (Sep 2026), No. of Shareholders 81,427% (Sep 2026).

Where can I find BAJEL PROJECTS LIMITED (BAJEL) financials?

BAJEL PROJECTS LIMITED (BAJEL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show BAJEL balance sheet and cash flow?

Yes. The BAJEL PROJECTS LIMITED (BAJEL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 17 October 2026 at 3:32