Praj Industries Limited – Investor Presentation Summary

Key Operational Highlights

  • Order Intake in Q2-FY27: ₹7,150 Mn
  • Order Backlog at Q2-FY27: ₹44,550 Mn
  • Company has 1000+ customer references in 100+ countries across 6 continents
  • Team of 90+ technologists with 350+ patents filings (24 Indian and 60 international patents granted)
  • Five manufacturing facilities located in Maharashtra, Gujarat and Karnataka
  • Global offices in South East Asia (Thailand, Philippines), Africa (Tanzania) and USA (Houston, Texas)

Key drivers of operational performance: Strong order intake, global presence across multiple continents, extensive patent portfolio, and diversified manufacturing footprint.

Segment-wise Performance

  • Engineering businesses include critical process equipment & skids, brewery and ZLD segments
  • Industries served: Energy & Hydrocarbons (Biofuels, Renewables, Hydrogen, Oil & Gas, Refineries), Pharma & Life Sciences (Pharma, Biopharma, Nutraceuticals), Chemicals & Process Industries (Petro & Specialty Chemicals, Steel, Power, Cement, Fertilisers), Next Gen Tech Manufacturing (Semiconductors, Batteries, Electronics, Data Centres), Food & Beverage (Breweries, Distilleries, Beverages, Food Ingredients)

Explanation of significant changes in segment performance: Not specified

Financial Highlights

Q2-FY27 Standalone Performance:
  • Revenue: ₹6,519 Mn (5.0% YoY decrease)
  • EBITDA: ₹526 Mn (12.6% YoY decrease)
  • PAT: ₹454 Mn (8.9% YoY increase)
  • EPS: ₹2.47 Share (8.8% YoY increase)
  • Margins: EBITDA Margins 8.07% (71 Bps YoY decrease), PAT Margins 6.96% (88 Bps YoY increase)
Q2-FY27 Consolidated Performance:
  • Revenue: ₹8,490 Mn (0.9% YoY increase)
  • EBITDA: ₹524 Mn (6.3% YoY decrease)
  • PAT: ₹232 Mn (20.2% YoY increase)
  • EPS: ₹1.26 Share (20.0% YoY increase)
  • Margins: EBITDA Margins 6.17% (47 Bps YoY decrease), PAT Margins 2.73% (44 Bps YoY increase)
H1-FY27 Standalone Performance:
  • Revenue: ₹11,911 Mn (0.4% YoY decrease)
  • EBITDA: ₹729 Mn (17.3% YoY decrease)
  • PAT: ₹709 Mn (15.1% YoY increase)
  • EPS: ₹3.86 Share (14.9% YoY increase)
  • Margins: EBITDA Margins 6.12% (125 Bps YoY decrease), PAT Margins 5.95% (80 Bps YoY increase)
H1-FY27 Consolidated Performance:
  • Revenue: ₹15,648 Mn (5.6% YoY increase)
  • EBITDA: ₹824 Mn (5.6% YoY decrease)
  • PAT: ₹348 Mn (41.5% YoY increase)
  • EPS: ₹1.89 Share (41.0% YoY increase)
  • Margins: EBITDA Margins 5.27% (62 Bps YoY decrease), PAT Margins 2.22% (56 Bps YoY increase)

Drivers of financial performance: Lower expenses (standalone expenses decreased 4.2% YoY in Q2), reduced interest costs (50.0% YoY decrease in Q2 standalone), and increased other income.

Comparison to market estimates: Not specified

Key Risks: Not specified

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not specified

Regional Breakdown: Not specified

Balance Sheet Snapshot

Standalone H1-FY27:
  • Property, Plant & Equipment: ₹1,950 Mn
  • Capital Work in progress: ₹9 Mn
  • Right-of-use assets: ₹273 Mn
  • Intangible assets: ₹448 Mn
  • Investments: ₹1,570 Mn
  • Long-term Loans and Advances: ₹3,523 Mn
  • Inventories: ₹2,447 Mn
  • Trade Receivables: ₹5,008 Mn
  • Cash and Cash Equivalents: ₹1,077 Mn
  • Other Bank Balances: ₹343 Mn
  • Total Equity: ₹14,368 Mn
  • Trade Payables: ₹4,242 Mn

Net Debt/Equity: Not specified

Reserves: Not specified

Current Assets/Liabilities: Current Assets ₹18,566 Mn, Current Liabilities ₹12,358 Mn

Working Capital/Leverage Metrics: Not specified

Financial Health Insights: Strong cash position (₹1,077 Mn cash and equivalents), healthy trade receivables (₹5,008 Mn), and robust equity base (₹14,368 Mn).

Capex & Cash Flow Health

Capital Expenditure: Not specified

Free Cash Flow: Not specified

Operating Cash Flow: Not specified

Net Debt Movement: Not specified

Investment Rationale: Not specified

Strategic & R&D Initiatives

  • Focused on environment, energy and farm-to-fuel technology solutions
  • TEMPO capabilities (Technology, Engineering, Manufacturing, Project management, and Operations & Maintenance)
  • Solutions that drive decarbonisation, resource efficiency & circularity, energy security & self-reliance, higher asset performance, and sustainable growth for stakeholders

Expected impact on growth: Not specified

Strategic Rationale: Expanding sustainable solutions across multiple industries including bioenergy, high purity water, critical process equipment, breweries and industrial wastewater treatment.

Industry Trends & Business Environment

Macro/Industry Trends: Not specified

Impact on Company: Not specified

Management Commentary & Growth Outlook

Strategic Outlook: Not specified

FY Guidance: Not specified

Market Share Targets: Not specified

Risks and Opportunities: Not specified