# Bajel Projects share price today (Bajel Projects Ltd, NSE: BAJEL)

> Bajel Projects share price today: ₹159.28 at the NSE close on 3 November 2026, down 16.8% in a year. Bajel Projects (NSE: BAJEL) is worth ₹1,841 crore, trades at a P/E of 55.6 and has closed between ₹139.96 and ₹204.68 over the past 52 weeks. > Bajel Projects Ltd's earnings have grown faster than its share price. Earnings per share grew +73.9% in a year while the price moved −16.8%. BAJEL · Engineering - Turnkey Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/bajel-projects-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹159.28 (−16.8% in a year)
- P/E: 55.6× (lower than 97% of the last 2.4 years)
- Revenue (Jun 2026): ₹567 Cr (−6.7% on a year ago)
- Profit (Jun 2026): ₹4.5 Cr (+37.0% on a year ago)
- Operating margin: 3.3% (+0.5 points on a year ago)
- ROCE: 12%, FY26
- ROIC: 5.7%, against a 12.0% cost of capital: −6.3 points

The main question: yearly earnings per share moved +73.9% while the share price moved −16.8%. ## What is the Bajel Projects share price today? Bajel Projects Ltd's share price was ₹159.28 at the close on 3 November 2026. It has been falling for 5 weeks. That is 10.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹140 and ₹205, and at that close it sat 30% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 17 weeks running. Over the last 2.9 years the share price moved −2% while the NIFTY 500 moved +13%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Bajel Projects this quarter? One change stood out: profit up on a year earlier for 4 quarters in a row. 1. Profit up on a year earlier for 4 quarters in a row In the June 2026 quarter profit was ₹5 crore, +37% on a year earlier. ## What are Bajel Projects' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Bajel Projects reported revenue of ₹567 crore, down 6.7% from ₹608 crore a year earlier, and a profit of ₹4.55 crore, up 37.0% from ₹3.32 crore. ### Bajel Projects results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹567 crore | ₹608 crore | −6.7% |
| Profit | ₹4.55 crore | ₹3.32 crore | +37.0% |
| Earnings per share | ₹0.39 | ₹0.29 | +34.5% |
| Operating margin | 3.3% | 2.7% | +0.5 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 29 May 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Bajel Projects share price history? Bajel Projects closed at ₹159.28 on 3 November 2026, down 16.8% from ₹191.39 a year earlier (31 October 2025) and down 2.3% over three years. Its highest weekly close since December 2023 was ₹320.95 on 5 July 2024. ### Bajel Projects share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹153.48 | +3.8% |
| 1 month ago · 1 Oct 2026 | ₹163.63 | −2.7% |
| 6 months ago · 30 Apr 2026 | ₹188.32 | −15.4% |
| 1 year ago · 31 Oct 2025 | ₹191.39 | −16.8% |
| 3 years ago · 22 Dec 2023 | ₹162.95 | −2.3% |
| Earliest weekly close in our records · 22 Dec 2023 | ₹162.95 | −2.3% |
| Highest weekly close since December 2023 · 5 Jul 2024 | ₹320.95 | −50.4% |
| Lowest weekly close since December 2023 · 5 Jan 2024 | ₹129.85 | +22.7% |
| 52-week high (weekly close) · 19 Jun 2026 | ₹204.68 | −22.2% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹139.96 | +13.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (154 weekly closes from 22 December 2023 to 3 November 2026.)

## What is the latest news on Bajel Projects? 3 Nov 2026: Bajel Projects closed at ₹159.28, up 3.8% on the week and down 2.7% on the month. 31 Jul 2026: ex-date for a dividend of ₹0.60 a share. ### Earlier

- Results for April to June 2026: Revenue down 6.7% and profit up 37.0% on a year earlier. - 29 May 2026: Bajel Projects held its results call for January to March 2026. Management guided: FY27 revenue growth goal 15% upwards; CFO noted growth secondary to margin expansion focus and fixed-cost absorption requirements. ## What dividend does Bajel Projects pay? Bajel Projects paid ₹0.60 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.38% at the ₹159.28 close on 3 November 2026. The last was a dividend of ₹0.60 a share, ex-date 31 July 2026. ### Bajel Projects dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 31 Jul 2026 | ₹0.60 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 0 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Bajel Projects Ltd paid out 103% of its profit as dividends in FY26, and it paid a dividend in 1 of its last 4 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Bajel Projects management say on the latest results call? On the call for January to March 2026, held on 29 May 2026, Bajel Projects' management guided: FY27 revenue growth goal 15% upwards; CFO noted growth secondary to margin expansion focus and fixed-cost absorption requirements. > “Underpinning this is a deliberate shift in our orientation from scale-led growth to quality-led growth. This means better project selection, disciplined bidding, execution excellence and a sharper focus on operating margins”
> Rajesh Ganesh, MD, on the call for January to March 2026

### What management guided

- Year-end FY27 unexecuted order book expected ₹4,000-5,000 crore. - Manufacturing capital spending ₹170 crore over FY27-FY28; Phase 1&2 (estimated 60-70% spend) operational by end FY27; Phase 3 through end FY28; capacity expansion 45,000 to 110-120,000 metric tons goal. - MENA orders: ₹400 crore first award post-listing plus ₹2,000+ crore in L1 and advanced stages; ₹22,000 crore of active pursuit opportunities. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/57747-29-May-2026.pdf). (From the call for January to March 2026, 29 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Bajel Projects' next results? When Bajel Projects reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: FY27 order book progression toward ₹4,000-5,000 crore goal: Current ₹3,442 crore plus ₹1,000+ crore post-March intake requires ₹1,558-2,558 crore net new order conversions minus execution run-rate; testable against April to June 2026 results and full FY27 reset. - What to check (from the call)
- FY27 order book progression toward ₹4,000-5,000 crore goal: Current ₹3,442 crore plus ₹1,000+ crore post-March intake requires ₹1,558-2,558 crore net new order conversions minus execution run-rate; testable against April to June 2026 results and full FY27 reset. - Manufacturing Phase 1 capital spending milestone: Galvanizing bath commissioning planned August FY27 per CFO guidance; on-time delivery validates capital spending execution rigor and manufacturing margin expansion confidence; any delay raises project execution risk flags. - Operating margin trajectory FY27: FY26 achieved 4.4% margin representing 100 basis points expansion; April to June 2026 print signals whether quality-led project mix and operational leverage are offsetting commodity cost inflation and labor wage pressures; watch basis point progression. - NIIF strategic partnership order conversions: Partnership announced March 2026; first order wins and margin realization should materialize in FY27; validate claimed high-quality pipeline and improved contractual margins delivering projected accretion versus traditional spot-market engineering procurement construction. ## Which stock lists is Bajel Projects on? Bajel Projects is not on any of our India lists this week. ## Is Bajel Projects profitable? Bajel Projects Ltd earned ₹4.5 Cr of net profit in the Jun 2026 quarter, +37.0% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹27.0 Cr. That is 0.8% of the quarter's revenue. The same quarter a year earlier earned ₹3.3 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹27.0 Cr (+80.0% on the year before). Why profit moved: revenue changed −6.7% on a year earlier and the margin moved +0.5 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +90.2% and revenue +0.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Bajel Projects make, and is it growing? Bajel Projects Ltd reported ₹567 Cr of revenue in the Jun 2026 quarter, −6.7% on the same quarter a year earlier. Over 3 years it has grown 61.4% a year on average. The last full year, FY26, came in at ₹2,792 Cr. The last four reported quarters add to ₹2,751 Cr. FY26 revenue was ₹2,792 Cr, +7.5% on the year before. Recent pace: the last four quarters grew +0.5% on average, against 61.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.1%, against +36.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +112.5%, against +56.5% a year (accelerating). ## How much of every ₹100 of sales does Bajel Projects keep? Bajel Projects Ltd's operating margin was 3.3% in the Jun 2026 quarter, 0.5 percentage points higher than the same quarter a year ago. Across 4 years it has been between −4.6% and 4.2%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.5 percentage points on the year while gross margin changed +6.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Bajel Projects' profit turning into cash? Over the last 3 years, 620% of Bajel Projects Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹21.0 Cr of operating cash against ₹27.0 Cr of profit. After ₹37.0 Cr of spending on assets, free cash was −₹16.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 620% of profit came in as cash: the cash cycle stayed about the same between FY23 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 2.7× depreciation over three years. The next section checks what that spending is building. ## Where does Bajel Projects' cash go? Bajel Projects Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 74 days in FY26, down from 81 days in FY23. It spent ₹105 Cr on assets over the last 3 years. Customers take 214 days to pay, and stock sits for 26 days on average. At FY26 sales of ₹2,792 Cr, each day of that cycle ties up about ₹7.6 Cr, so roughly ₹566 Cr is tied up in the business at any time. FY26: customers took 214 days to pay and stock sat for 26 days, about 0.9 months of sales sitting as stock, for a full cycle of 74 days, shorter than FY23's 81. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 26 days. Customers pay about 214 days after that. Suppliers are paid at 166 days. Together that makes the 74-day cycle. Spending on assets: ₹105 Cr over the last 3 years, against ₹39.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Bajel Projects' P/E ratio, and how does it compare with its own history? Bajel Projects Ltd's P/E is 55.6×, near the low end of its own history: it has been lower only 3% of the time. Its usual P/E (the middle reading) is 109.1×, over 2.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹2.43. Why the multiple is where it is: over the past year earnings per share moved +73.9% while the price moved −16.8%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Bajel Projects business getting better or worse? Bajel Projects Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 13.0%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Bajel Projects earn on its capital? Bajel Projects Ltd earned a ROCE of 12% in FY26. That is up from a low of 6% in FY24. Its return on capital used (ROIC) is 6.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.0% net margin and 1.13× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.0% net margin × 1.13× asset turnover × 3.63× leverage (assets divided by equity) ≈ 4.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 5.7% − 12.0% = −6.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Bajel Projects have too much debt? Bajel Projects Ltd has total debt of ₹367 Cr against shareholder equity of ₹748 Cr as of Jun 2026, so its debt is 0.49× its equity. Year by year, that ratio went from 0.00 in FY23 to 0.49 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Bajel Projects shareholding pattern? No group of Bajel Projects Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.2 points over the same period, to 0.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.9 points over 8 quarters, to 9.1%; Foreign institutions: −0.2 points over 8 quarters, to 0.3%; Promoters: −0.1 points over 8 quarters, to 62.5%. ## How far is Bajel Projects from balance-sheet trouble? For Bajel Projects Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Bajel Projects rank in its industry? 46.2 out of 100, rank 5 of 10 in Engineering - Turnkey Services, with 64% of the evidence available. Bajel Projects Ltd scores 46.2 out of 100 against the 10 companies it is compared with in Engineering - Turnkey Services, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.8 + 7.2 + 8.5 + 9.7 = 46.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Bajel Projects compared with? Bajel Projects ranks 5 of 10 Engineering - Turnkey Services companies on the 4-Factor Sector Score, with 46.2 out of 100. 1. [Supreme Infrastructure India Ltd](https://www.sectoralpha.in/stocks/supreme-infrastructure-india-ltd) SUPREMEINF · Too little evidence to rank firmly · 51% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/43.75 · Revenue 74.5% · Profit 100% · Operating margin change 40 points · 65% evidence Capital efficiency 18.3/31.25 · ROCE 2148.2% · Operating margin 5% · 100% evidence Valuation 14.4/25 · P/E 0.1× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 25.9 + 18.3 + 14.4 = 58.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 2. [McNally Bharat Engineering Company Ltd](https://www.sectoralpha.in/stocks/mcnally-bharat-engineering-company-ltd) MBECL · Too little evidence to rank firmly · 56% evidence 57.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue -22.3% · Profit 100% · Operating margin change 69 points · 65% evidence Capital efficiency 13.7/25 · ROCE 1047.1% · Operating margin -44% · 100% evidence Valuation 11.1/20 · P/E 0.3× · PEG n/a · 15% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 393.7% · 1 year n/a · 25% evidence Exact sum: 20.5 + 13.7 + 11.1 + 12.5 = 57.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Sugs Lloyd Ltd](https://www.sectoralpha.in/stocks/sugs-lloyd-ltd) Evidence leans up · 61% evidence 54.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.7/35 · Revenue 61.7% · Profit 57.9% · Operating margin change -1.1 points · 83% evidence Capital efficiency 14.2/25 · ROCE 28.7% · Operating margin 14.5% · 95% evidence Valuation 8.9/20 · P/E 15.9× · PEG n/a · 15% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 82.8% · 1 year n/a · 25% evidence Exact sum: 19.7 + 14.2 + 8.9 + 12 = 54.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [K.P. Energy Ltd](https://www.sectoralpha.in/stocks/kp-energy-ltd) KPEL · quiet · Evidence leans up · 89% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 74.1% · Profit 49.2% · Operating margin change -10 points · 88% evidence Capital efficiency 16.8/25 · ROCE 39% · Operating margin 12% · 100% evidence Valuation 15.7/20 · P/E 5.8× · PEG 0.23 · 65% evidence Relative strength 0.0/20 · Lead over its industry -42.9% · Lead over NIFTY 500 -46.1% · 1 year -62.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.8 + 16.8 + 15.7 + 0 = 51.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Bajel Projects Ltd this page BAJEL · basing · Evidence leans down · 64% evidence 46.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 2.1% · Profit 100% · Operating margin change 0.6 points · 88% evidence Capital efficiency 7.2/25 · ROCE 12.4% · Operating margin 3.3% · 100% evidence Valuation 8.5/20 · P/E 56.2× · PEG n/a · 15% evidence Relative strength 9.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -3.2% · 1 year -16% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.8 + 7.2 + 8.5 + 9.7 = 46.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Pace Digitek Ltd](https://www.sectoralpha.in/stocks/pace-digitek-ltd) PACEDIGITK · quiet · Too little evidence to rank firmly · 56% evidence 45.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 14.9% · Profit 10.9% · Operating margin change -6 points · 83% evidence Capital efficiency 15.6/25 · ROCE 21.4% · Operating margin 16% · 76% evidence Valuation 10.0/20 · P/E 10× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -19.2% · 1 year -35.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 11.7 + 15.6 + 10 + 8.4 = 45.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Enviro Infra Engineers Ltd](https://www.sectoralpha.in/stocks/enviro-infra-engineers-ltd) EIEL · quiet · Too little evidence to rank firmly · 56% evidence 44.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue 15.4% · Profit 1.1% · Operating margin change -6 points · 83% evidence Capital efficiency 15.1/25 · ROCE 20.2% · Operating margin 21% · 76% evidence Valuation 9.3/20 · P/E 15.4× · PEG n/a · 15% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -12.5% · 1 year -36.5% · 25% evidence · 2 of 12 weeks ahead Exact sum: 10.8 + 15.1 + 9.3 + 8.9 = 44.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Goel Construction Company Ltd](https://www.sectoralpha.in/stocks/goel-construction-company-ltd) quiet · Too little evidence to rank firmly · 31% evidence 55.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue n/a · Profit n/a · Operating margin change 1 points · 15% evidence Capital efficiency 16.6/25 · ROCE 33.9% · Operating margin 11% · 71% evidence Valuation 9.6/20 · P/E 12.8× · PEG n/a · 15% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 17.3% · 1 year n/a · 25% evidence · 1 of 12 weeks ahead Exact sum: 17.6 + 16.6 + 9.6 + 11.6 = 55.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Ganesh Green Bharat Ltd](https://www.sectoralpha.in/stocks/ganesh-green-bharat-ltd) GGBL · basing · Too little evidence to rank firmly · 47% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue n/a · Profit n/a · Operating margin change -7 points · 15% evidence Capital efficiency 16.1/25 · ROCE 35.8% · Operating margin 9% · 75% evidence Valuation 10.4/20 · P/E 6.6× · PEG n/a · 15% evidence Relative strength 6.5/20 · Lead over its industry -21.6% · Lead over NIFTY 500 -26% · 1 year -49.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18 + 16.1 + 10.4 + 6.5 = 51 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [EMA India Ltd](https://www.sectoralpha.in/stocks/ema-india-ltd) Too little evidence to rank firmly · 20% evidence 37.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/43.75 · Revenue n/a · Profit 100% · Operating margin change n/a · 15% evidence Capital efficiency 6.5/31.25 · ROCE -1036% · Operating margin n/a · 60% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 18.6 + 6.5 + 12.5 = 37.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Engineering - Turnkey Services](https://www.sectoralpha.in/sectors/engineering-turnkey-services), all 10 compared on one page. ## Which companies are close to Bajel Projects in size? Bajel Projects is the 3rd largest of 10 Engineering - Turnkey Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Pace Digitek and Enviro Infra Engineers. Just below it: McNally Bharat Engineering Company, K.P. Energy, Sugs Lloyd and Goel Construction Company. ### Engineering - Turnkey Services companies close in size

1. [Pace Digitek Ltd](https://www.sectoralpha.in/stocks/pace-digitek-ltd) ₹3,014 crore
2. [Enviro Infra Engineers Ltd](https://www.sectoralpha.in/stocks/enviro-infra-engineers-ltd) ₹2,824 crore
3. Bajel Projects Ltd ₹1,861 crore
4. [McNally Bharat Engineering Company Ltd](https://www.sectoralpha.in/stocks/mcnally-bharat-engineering-company-ltd) ₹1,168 crore
5. [K.P. Energy Ltd](https://www.sectoralpha.in/stocks/kp-energy-ltd) ₹1,104 crore
6. [Sugs Lloyd Ltd](https://www.sectoralpha.in/stocks/sugs-lloyd-ltd) ₹589 crore
7. [Goel Construction Company Ltd](https://www.sectoralpha.in/stocks/goel-construction-company-ltd) ₹578 crore

[All 10 Engineering - Turnkey Services companies, largest first](https://www.sectoralpha.in/sectors/engineering-turnkey-services#all-companies)

### Companies close in size in other industries

1. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) ₹1,865 crore · Cement
2. [Glass Wall Systems (India) Ltd](https://www.sectoralpha.in/stocks/glass-wall-systems-indialtd) ₹1,863 crore
3. Bajel Projects Ltd ₹1,861 crore
4. [Anondita Medicare Ltd](https://www.sectoralpha.in/stocks/anondita-medicare-ltd) ₹1,857 crore · Contraceptives/Protectives
5. [Valiant Communications Ltd](https://www.sectoralpha.in/stocks/valiant-communications-ltd) ₹1,851 crore · Telecommunications Equipment

## What else do people ask about Bajel Projects? ### What is Bajel Projects's share price today? Bajel Projects Ltd's share price is ₹159.28, −16.8% over the past year. The whole company is worth ₹1,841 Cr on the market. In the last 52 weeks it traded between ₹140 to ₹205; today it is 30% of the way up from the low, 10.9% below its 200-day average (as of 3 November 2026). ### What were Bajel Projects's latest quarterly results? Bajel Projects Ltd reported revenue of ₹567 Cr and net profit of ₹4.5 Cr for the Jun 2026 quarter. Revenue fell 6.7% and profit rose 37.0% compared with a year earlier. Earnings per share were ₹0.39. The operating margin was 3.3%, 0.5 percentage points higher than a year earlier (as of 3 November 2026). ### What is Bajel Projects's market cap? Bajel Projects Ltd's market capitalisation is ₹1,841 Cr at a share price of ₹159.28. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Bajel Projects performing? Bajel Projects Ltd's share price has been falling for 5 weeks. In its latest quarter, revenue fell 6.7% and profit rose 37.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 17 weeks running (as of 3 November 2026). ### Will Bajel Projects's share price go up? This page does not forecast Bajel Projects Ltd's share price. What it shows instead: the share price is ₹159.28, and it has been falling for 5 weeks. Its P/E of 55.6× is higher than 3% of its own last 2 years (as of 3 November 2026). ### Who owns Bajel Projects? Promoters own 62.5% of Bajel Projects Ltd, foreign institutions 0.3%, domestic institutions 9.1% and the public 28.0% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Bajel Projects have too much debt? Bajel Projects Ltd has a moderate amount of debt: its debt is 0.54× its equity, and its operating profit is 2 times its interest bill. FY26 borrowings were ₹367 Cr against equity of ₹681 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Bajel Projects in its business cycle? Bajel Projects Ltd's FY26 operating margin was 4.2%, against a 4-year range of −4.6% to 4.2%: the middle of its own range, neither a peak nor a low. The latest quarter was 3.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Bajel Projects story? The main question: yearly earnings per share moved +73.9% while the share price moved −16.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Bajel Projects a stock worth studying right now? What the numbers show: Bajel Projects Ltd's earnings have grown faster than its share price. Earnings per share grew +73.9% in a year while the price moved −16.8%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Bajel Projects share price forecast for 2026? What management itself guided: FY27 revenue growth goal 15% upwards; CFO noted growth secondary to margin expansion focus and fixed-cost absorption requirements. This is research, not advice. We’re not SEBI-registered.