Bajel Projects Peer Comparison

NSE: BAJEL | BSE: 544042

₹192.84

₹-1.69 (-0.87%)

As on 28-Aug-2026IST

Market cap

₹2,231 Cr

Revenue (TTM)

₹2,751 Cr

P/E Ratio

101.2

P/B Ratio

Div. Yield

0.3 %

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	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Market cap (₹ Cr)	2,231	12,402	7,058	1,533	895
Revenue (₹ Cr)	2,751	4,385	280	1,294	611
Net Profit (₹ Cr)	28.19	417.04	121.87	103.56	44.16
Net Margin (%)	1.02	9.11	26.46	7.84	6.85
RoE (%)	2.88	5.28	6.52	8.72	4.74
Price to Earnings	101.17	36.01	58.29	14.80	21.47
Price-To-Book	3.05	1.92	3.28	1.22	0.97

Income Statement (₹ Cr)

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Operating Revenue	2,791.58	3,557.15	235.55	1,249.31	657.12
Total Income	2,818.56	3,701.55	290.18	1,266.27	693.21
Total Expenditure	2,679.77	2,799.98	183.60	1,070.69	505.71
EBITDA	111.80	757.17	51.95	178.62	151.41
Depreciation	19.69	182.31	53.21	3.41	48.76
EBIT	92.11	574.86	-1.26	175.21	102.65
Interest	77.52	168.98	18.64	69.93	61.22
Other Income	26.98	144.40	54.63	16.96	36.08
Exceptional Items	-7.72	-13.46	--	-1.21	-1.91
Profit before Tax	27.18	536.81	34.72	121.03	75.57
Provision for Tax	6.90	101.75	15.44	29.33	17.98
Profit after Tax	20.28	435.06	19.29	91.70	57.58

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Shareholder's Funds	747.57	5,046.74	1,967.14	1,237.37	921.14
Minority Interest	--	559.24	6.94	--	33.22
Non-Current Liabilities	20.46	-216.40	134.83	112.53	471.34
Current Liabilities	1,772.47	3,055.37	297.98	1,219.56	656.60
Total Liabilities	2,549.49	8,792.51	2,486.66	2,599.59	2,082.31

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Non-Current Assets	410.76	3,425.02	1,401.51	165.04	1,107.16
Current Assets	2,129.75	5,019.93	1,005.39	2,404.42	975.14
Total Assets	2,549.49	8,792.51	2,486.66	2,599.59	2,082.31
Total Debt*	349.96	1,466.35	180.93	292.27	791.53
Net Current Assets	357.28	1,964.56	707.40	1,184.86	318.55
Contingent Liabilities	9.25	572.34	45.59	78.04	18.20

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Cash From Operating Activities	21.09	137.96	60.37	-436.99	95.49
Cash Flow from Investing Activities	19.10	-406.00	-637.46	-155.83	-198.24
Cash from Financing Activities	-72.14	276.93	572.50	623.59	50.30
Net Cash Inflow / Outflow	-31.96	8.89	-4.58	30.77	-52.45

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
ROCE (%)	9.88	12.33	2.91	16.82	8.59
ROE (%)	2.93	13.20	1.30	10.76	6.51
ROA (%)	0.88	5.92	0.88	4.63	3.01
EBIT Margin (%)	4.97	25.35	45.25	15.66	28.53
Net Margin (%)	0.72	11.75	6.65	7.24	8.31
Cash Profit Margin (%)	1.43	17.36	30.78	7.61	16.18

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Revenue Growth (%)	7.44	104.05	5.04	36.41	5.70
EBIT Growth (%)	38.83	177.64	-4.66	16.20	30.36
Net Profit Growth (%)	31.13	956.68	-35.24	17.85	311.96
EPS Growth (%)	31.03	990.16	-43.22	-16.10	337.96
Book Value Growth (%)	10.77	188.35	58.48	164.47	7.46

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Price / Earnings	78.26	58.15	221.00	14.57	13.74
Price / Book Value	2.18	5.40	2.41	1.08	0.83
Dividend Yield (%)	0.44	0.00	0.00	0.35	0.70
EV/EBITDA	12.63	30.72	42.31	7.20	7.23
Market Cap (₹ Cr)	1,586.73	26,440.63	4,376.69	1,335.64	757.93

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Debt to Equity	0.48	0.30	0.10	0.24	0.86
Short term debt to equity ratio	0.47	0.26	0.09	0.15	0.39
Current Ratio	1.20	1.64	3.37	1.97	1.49
Quick Ratio	1.12	1.20	3.05	1.91	1.22
Interest Coverage	1.35	4.18	2.86	2.73	2.23

	Bajel Projects	Inox Wind	Inox Green Energy	Vikran Engineering	Swelect Energy Sys
Debtors to sales (%)	58.53	75.56	76.45	81.09	9.28
Asset Turnover	1.22	0.48	0.11	0.63	0.34
Receivable days	170.27	196.25	240.95	236.37	34.95
Inventory Days	17.40	133.22	129.98	20.43	95.92
Payable days	134.56	147.00	--	478.62	133.41
Cash Conversion Cycle	53.10	182.46	--	-221.81	-2.55

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.