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NSE Close — 28 Sep 2026
₹169.47
Change
-3.67 (-2.12%)
Open
₹171.39
Prev. Close
₹173.14
Day High
₹172.0
Day Low
₹168.97
Volume Analysis
Traded
75,012
Delivered
34,732
Delivery %
45.35%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (3)
- •Low return on equity (4.1%)
- •Below-average fundamentals quality score (44/100)
- •Low operating margin (3.4%)
Opportunities (0)
No signal for this stock
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹174.36 | ₹173.18 | ₹171.33 | ₹170.15 | ₹168.3 | ₹167.12 | ₹165.27 |
| Fibonacci | ₹173.18 | ₹172.02 | ₹171.31 | ₹170.15 | ₹168.99 | ₹168.28 | ₹167.12 |
| Camarilla | ₹170.3 | ₹170.03 | ₹169.75 | ₹170.15 | ₹169.19 | ₹168.91 | ₹168.64 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-2.03%
1 Week
-1.53%
1 Month
-12.12%
3 Months
-12.2%
6 Months
+9.95%
1 Year
-16.33%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹50.43
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
2.99%
Net margin 0.8% × asset turnover 1.1x × equity multiplier 3.4x
Company Overview
Sector
Capital Goods
Market Cap
₹1,993 Cr
P/E (TTM)
73.9
ROE
4.1%
Book Value
₹64.6
Face Value
₹2.0
Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.
TopFund Analysis
Bajel Projects Limited scores weakly on TopFund's composite fundamentals check within the Capital Goods sector, at 44/100. The strongest factor is Corporate Governance (90/100), while Institutional Ownership (17/100) is the weakest area to weigh before deciding. Notably: Low return on equity (4.1%); below-average fundamentals quality score (44/100). FII holding has been falling.
TopFund Score — Fundamentals Quality
44/100 — WeakData confidence: 75/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 28 Sep 2026 · How we calculate this →
Financial Strength
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- −Stock is trading at 2.67 times its book value
- −Company has low interest coverage ratio.
- −Company has a low return on equity of 2.83% over last 3 years.
- −Company has high debtors of 214 days.
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Announcement under Regulation 30 (LODR) - Postal ballot Notice - Newspaper Publication
Bajel Projects granted 2,84,000 stock options to 7 employees on September 1, 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 489 | 512 | 662 | 622 | 801 | 608 | 614 | 562 | 1,008 | 567 |
| Expenses + | 481 | 505 | 646 | 608 | 781 | 591 | 593 | 538 | 977 | 548 |
| Operating Profit | 8 | 7 | 17 | 15 | 21 | 16 | 20 | 25 | 31 | 19 |
| OPM % | 1.6% | 1.39% | 2.54% | 2.35% | 2.59% | 2.66% | 3.34% | 4.4% | 3.03% | 3.27% |
| Other Income + | 10 | 12 | 5 | 7 | 7 | 8 | 7 | -3 | 7 | 5 |
| Interest | 10 | 9 | 12 | 15 | 17 | 16 | 17 | 16 | 14 | 12 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 5 |
| Profit before tax | 6 | 7 | 7 | 3 | 6 | 4 | 6 | 0 | 17 | 7 |
| Tax % | -10.28% | 25.91% | 45.86% | 57.43% | 23.85% | 27.87% | 36.17% | 185.42% | 16.73% | 32.96% |
| Net Profit + | 7 | 6 | 4 | 1 | 5 | 3 | 4 | 0 | 14 | 5 |
| EPS in Rs | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales + | 1,169 | 2,598 | 2,792 | 2,751 |
| Expenses + | 1,153 | 2,523 | 2,681 | 2,656 |
| Operating Profit | 16 | 75 | 111 | 94 |
| OPM % | 1.4% | 2.9% | 4.0% | 3.4% |
| Other Income + | 18 | 21 | 10 | 16 |
| Interest | 24 | 60 | 74 | 59 |
| Depreciation | 6 | 13 | 20 | 21 |
| Profit before tax | 4 | 24 | 27 | 30 |
| Tax % | -17.0% | 35.0% | 25.0% | — |
| Net Profit + | 4 | 15 | 20 | 22 |
| EPS in Rs | 0 | 1 | 2 | 2 |
| Dividend Payout % | 0.0% | 0.0% | 34.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Reserves | 543 | 643 | 724 |
| Borrowings + | 15 | 376 | 367 |
| Other Liabilities + | 762 | 1,033 | 1,424 |
| Total Liabilities | 1,343 | 2,075 | 2,538 |
| Fixed Assets + | 69 | 98 | 108 |
| CWIP | 0 | 0 | 7 |
| Investments | 3 | 82 | 66 |
| Other Assets + | 1,271 | 1,895 | 2,357 |
| Total Assets | 1,343 | 2,075 | 2,538 |
| Equity Capital | 23 | 23 | 23 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | 195 | 69 | 21 |
| Cash from Investing Activity + | -135 | -128 | 19 |
| Cash from Financing Activity + | -15 | 68 | -72 |
| Net Cash Flow | 46 | 9 | -32 |
| CFO/OP | 1,233 | 91 | 24 |
| Free Cash Flow | 168 | 35 | -13 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 14.66% | 14.66% | 28.67% | 29.17% | 28.59% | 27.59% | 27.51% | 26.81% | 28.11% | 28.01% | 27.39% | 27.72% |
| Promoters | 62.85% | 62.85% | 62.75% | 62.72% | 62.61% | 62.59% | 62.57% | 62.57% | 62.55% | 62.53% | 62.53% | 62.53% |
| FII | 10.51% | 10.46% | 0.51% | 0.29% | 0.5% | 0.28% | 0.31% | 0.32% | 0.67% | 0.4% | 0.5% | 0.53% |
| DII | 11.98% | 12.03% | 8.07% | 7.83% | 8.29% | 9.54% | 9.6% | 10.3% | 8.66% | 9.06% | 9.58% | 9.2% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Bajel Projects Limited (this stock) | 1,993 | 73.9 | 2.66 | 4.1% |
| Mahamaya Steel Inds Ltd | 2,019 | 203.0 | 12.75 | 5.67% |
| Paramount Comm Ltd | 1,957 | 32.1 | 2.35 | 7.99% |
| Nibe Limited | 1,955 | 411.0 | 5.41 | 1.94% |
| Vidya Wires Limited | 1,926 | 30.7 | 4.0 | 17.7% |
| Jain Irrigation Systems | 2,062 | — | 0.35 | -0.48% |
| Macpower Cnc Machines Ltd | 2,063 | — | — | — |
Which Mutual Funds Hold Bajel Projects Limited?
Frequently Asked Questions about Bajel Projects Limited
Bajel Projects Limited (BAJEL) closed at ₹169.47 on NSE on 28 September 2026, down 3.67 (2.12%) from the previous close.
Bajel Projects Limited trades on the NSE (National Stock Exchange of India) under the symbol BAJEL.
Bajel Projects Limited has a trailing twelve-month P/E (price-to-earnings) ratio of 73.9.
Bajel Projects Limited has a dividend yield of 0.35%.
Bajel Projects Limited's 52-week high is ₹220.0 and its 52-week low is ₹135.0.
Bajel Projects Limited has a market capitalisation of ₹1,993 crore.
Bajel Projects Limited has a TopFund Quality Score of 44/100 (Weak), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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