Praj Industries Ltd was incorporated in the year 1983, offering a bouquet of sustainable solutions for bioenergy, high-purity water, critical process equipment, breweries and industrial wastewater treatment. The company is focused on the environment, energy and farm-to-fuel technology solutions with more than 100% customers in over 100 countries across six continents. Praj Industries has a team of over 90 technologists have over 400 patent filings which provide techno technology, engineering, manufacturing project management, and maintenance capabilities. It is the country’s most accomplished industrial biotech company, driven by innovation, integration, and delivery capabilities.
Over the past four decades, Praj has focused on the environment, energy, and Agri‐process industry and continues to pursue climate initiatives by sustainable decarbonization through circular bioeconomy. The company is listed on the Bombay and National Stock Exchanges of India. The company’s ethanol technology serves various applications , such as when fuel ethanol is mixed with gasoline as an oxygenate to boost octane number and in higher proportions to replace gasoline. In beverage alcohol where it is the principal component of alcoholic beverages like whiskey, rum, vodka and in industrial applications like paints, varnishes, perfumes, pharmaceuticals, industrial solvent, etc. Sugar based feedstock like sugarcane juice, sugarcane molasses, beet; grains like corn, rice, wheat are the conventional feedstock used in different parts of the world and collectively termed as first generation feedstock while ethanol derived from these sources is termed as first generation ethanol .
On the other hand , Praj hipurity system is a leading supplier for complete turnkey solutions for the Biopharma industry, Sterile formulations, topical and oral formulations, Personal care and the Nutraceutical industry across the globe for the past three decades. The company has four manufacturing facilities spread across the country which are near ports and very well supported by a multidisciplinary engineering team. The Pune unit is an exclusive infrastructure fabrication facility for SS, copper and low alloy steel.
The Mumbai unit is exclusively for high purity systems while other units are at Kandla SEZ and Wada .
The consolidated income from operations stood at Rs 10185 million in Q4 FY2024 as compared to Rs 10039 million in Q4 FY2023. Profit before tax for the quarter stood at Rs 1230 million as compared to Rs 1128 million in the corresponding period of last year.
Profit after tax stood at Rs 919 million in Q4 FY2024 as compared to Rs 881 million in Q4 FY2023. The order backlog as of March 2024 is at Rs 38500 million comprising of 74% domestic orders with 76% from biology segment , 19% from the engineering segment and the balance 5% from the PHS business. As per fund managers and brokers tracking the company , they are quite bullish on the company on high expectations from the coming budget in the month of July 2024. The Praj Industries stock is currently quoting at Rs 730 on the bourses and analysts are bullish on the stock for decent price appreciation over the long term duration .
Investors can do their risk assessment and proper due diligence and check with their stock advisor before purchasing the Praj Industries stock .