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Bajel Projects share price & results

Bajel Projects Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Bajaj Group EPC contractor & manufacturer for India's power transmission and distribution infrastructure.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue567 ₹ crore−6.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin3.3 %+0.6 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit4.7 ₹ crore+59.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity3.83 %+1.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-0.45 %−1.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)2.11 %−114.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

8 targets tracked, none judged yet · 8 open · verdicts reflect calls analysed to Q4 FY26.

Bajel Projects Limited management guidance track record on Inve: 8 targets tracked across analysed earnings calls (0 achieved, 0 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
FY27 Revenue Growthupwards of 15%
Call transcript, Q4 FY26 · 29 May 2026		Q4 FY26Q4 FY26:Targeting anywhere upwards of 15% revenue growth for FY27.
Call transcript, Q4 FY26 · 29 May 2026		New

Source: Inve Guidance Tracker for Bajel Projects Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

8 of Bajel Projects Limited's 8 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 7 more targets are in the full ledger.

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Price

₹168.34 +7.88% · +₹12.29

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −11.6% 1Y

₹140₹160₹180₹200Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q4 FY26 — 29 May 2026

1Y: ₹190.35 on 24 Oct 2025 → ₹168.34. High ₹207.59 (22 Jun 2026), low ₹137.27 (30 Mar 2026).

Previous close
₹156.05
Market cap
₹1.8k Cr
52-week range
₹137.27 – ₹207.59
One year
−13.10%
Price to earnings (TTM to Jun 2026)
66.77×
Return on equity (TTM to Jun 2026)
3.83%

Overview

Symbol
NSE:BAJEL
Industry
Industrials
Exchange
NSE
Currency
INR

What Bajel Projects Limited does

Based on the company's own presentations, annual report and earnings calls.

Bajel Projects is an EPC (engineering, procurement and construction) contractor and manufacturer serving India's power transmission and distribution sector, demerged from Bajaj Electricals in 2022 and listed separately on the BSE/NSE in December 2023. It designs, builds and commissions transmission lines and AIS/GIS substations ranging from 132 kV up to 765 kV, and constructs distribution infrastructure including overhead lines and underground cabling, for customers such as PGCIL and state transmission/distribution utilities. Its Ranjangaon (near Pune, Maharashtra) manufacturing facility produces transmission towers, monopoles, high masts and lighting poles, and also offers third-party galvanizing services. The company additionally executes EPC contracts and supplies products internationally, including projects and a joint venture in Africa (Zambia, Togo, Kenya) and the Middle East (Saudi Arabia).

Segments

  • Power Transmission
  • New Energies (formerly Power Distribution)
  • International Business
  • Manufacturing Unit
Employee strength (as on 31 Mar'26)
822
Track record in power infrastructure
25+ years of EPC and manufacturing experience
International footprint
Product supply and/or EPC execution in 8+ countries, including Kenya, Togo, Zambia, Ghana, UAE, Nepal and Saudi Arabia
Manufacturing facility
1 facility, at Ranjangaon (near Pune), producing towers, monopoles, high masts and lighting poles with an in-house galvanizing unit
Transmission lines commissioned (cumulative)
9,823+ ckm
AIS/GIS substation works executed (cumulative)
49+
Employees 822 (2026-03-31) Company website

How the price took the results

close before → close after

Q4 FY26
+6.0%
29 May

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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