Praj Industries shares climb over 7%

NEW DELHI: Shares of Praj Industries traded 7.38 per cent up in Friday 's trade at 11:08 am. Around 537046 shares changed hands on the counter. The stock opened at Rs 52.9 and touched an intraday high and low of Rs 52.9 and Rs 50.95 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 167.9 and a 52-week low of Rs 46.75 .

The company will be having a board meeting on March 27 to consider buyback of shares.


Financials
Praj Industries Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 880.08 Crore) operating in Engineering sector.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 300.34 Crore, up 2.11 % from last quarter Sales of Rs 294.14 Crore and down -9.07 % from last year same quarter Sales of Rs 330.31 Crore Company has reported net profit after tax of Rs 20.67 Crore in latest quarter.

Praj Industries Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 63.42 Crore to Sales Value (6.86 % of Total Sales), Scrap which contributed Rs 15.89 Crore to Sales Value (1.72 % of Total Sales) and Other Operating Revenue which contributed Rs 3.84 Crore to Sales Value (0.41 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 32.952736 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 300.34 crore and net profit of Rs 20.67 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 12.03 and price to book value of 1.27.