Prajay Engineers Syndicate Limited (PRAENG)

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Prajay Engineers Syndicate Limited (PRAENG) · mywealthgrid

About

Prajay Engineers Syndicate Limited develops residential and commercial real estate projects, with a market capitalisation of ₹138.4 Cr. The company is currently experiencing significant operational distress, with losses and negative operating margins across all recent quarters.

Face value: ₹10

Market cap

₹140 Cr

P/E

—

P/B

0.3×

Dividend yield

ROE

-3.9%

ROCE

-2.6%

Debt / equity

0.34

OPM

-57.2%

EPS (TTM)

₹-2.6

Book value

₹68.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Persistent net losses: all recent quarters show negative profitability (₹-1.02 Cr to ₹-8.06 Cr), with worst losses in Mar 2026 (₹-8.06 Cr) and Sep 2025 (₹-6.61 Cr), indicating systemic project or execution challenges. - Severe operating margin deterioration: OPM ranges from -17.97% (Dec 2025) to -205.41% (Sep 2025), most recently -61.84% (Jun 2026); verify whether margins reflect unavoidable project economics, cost overruns, or revenue recognition delays. - Negative shareholder returns: ROE of -3.86% and negative EPS across all periods (₹-0.15 to ₹-1.16) destroy capital; continued losses threaten debt covenant compliance and refinancing ability. - Revenue volatility and zero institutional backing: quarterly revenue ₹3.33–₹8.07 Cr lacks clear trend, and FII/DII holdings at 0%, suggesting execution risk and limited capital access; verify project timelines, pre-sales velocity, and refinancing progress.

Generated analysis · source review pending

Growth drivers

Operating margin recovery potential: OPM improved from -205.41% (Sep 2025) to -61.84% (Jun 2026), with net losses narrowing from ₹-8.06 Cr (Mar 2026) to ₹-2.38 Cr (Jun 2026); if this trend reflects operational improvements rather than revenue mix or one-time items, margins could continue recovering—verify drivers of margin improvement and project economics. - Residential and commercial project portfolio in execution: quarterly revenues of ₹3.33–₹8.07 Cr indicate active projects with completion potential; revenue could grow if projects reach handover milestones and pre-sales momentum improves—verify project completion schedules, stage-wise timelines, and pre-sales pipelines. - Real estate sector cyclical recovery: if residential and commercial real estate demand improves from current levels, the company's portfolio could benefit from improved project pre-sales velocity and pricing—verify current pre-sales absorption, pricing trends, and local market demand indicators.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹20.1-7.7%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -5.5% (3-yr avg)
−Modest revenue growth of 0% a year over the last 5 years
−Weak interest coverage of -29.5×

Research score

Structured signal from quality, growth, valuation and momentum.

45/100

Business quality: 17
Growth: 18
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	50	38	93	30	57	57	38
COGS	34	27	74	17	61	57	26
Gross profit	16	11	19	13	-4	0	13
	14	7	14	33	33	29	35
	1	5	5	-20	-37	-29	-22
OPM %	2.9%	12.3%	5.6%	-67.2%	-63.7%	-50%	-57.7%
Depreciation	4	4	4	4	4	4	3
Interest	5	6	5	4	2	0	1
	3	1	2	19	3	4	9
Profit before tax	-4	-4	-2	-9	-39	-29	-18
Tax	1	1	1	0	1	1	1
Tax %	20.3%	21.9%	31.8%	3.3%	1.5%	4.2%	6.8%
PAT	-5	-5	-2	-9	-40	-30	-19
PAT margin %	-10.7%	-13.2%	-2.7%	-31.6%	-69.4%	-52.1%	-48.8%
EPS (₹)	-0.8	-0.7	-0.4	-1.4	-5.7	-4.3	-2.7
EPS adjusted (₹)	—	-0.7	-0.4	-1.3	-5.6	-4	-2.7
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	70	70	70	70	70	70
Reserves	500	497	487	447	417	408
Minority interest	1	1	0	—	—	—
	164	170	172	182	173	163
	483	415	214	201	179	164
Total equity & liabilities	1,218	1,153	943	900	839	804
	134	132	128	126	151	152
CWIP	271	275	111	114	90	103
Investments	57	57	57	57	57	57
	756	689	647	604	541	492
Total assets	1,218	1,153	943	900	839	804

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	7	5	7	24	19	24
	-17	-6	-5	-1	-3	-6	-14
	12	-1	1	-2	7	-9	-7
Net cash flow	1	-0	-0	5	28	4	3
Free cash flow	-11	1	-1	7	24	13	7
CFO / Operating profit %	—	114.7%	74.4%	—	—	—	—

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Construction and Development	26.3	-21.51	573.59	140.92	432.67	-4.97
Hospitality - Hotels and Resorts	12.13	-2.09

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	31.5%	29.6%	20.8%	44%	-6.3%	0.6%	33%
EBITDA margin %	3.4%	14.9%	6.9%	-65.5%	-59.2%	-49.3%	-57.2%
EBIT margin %	-4.8%	4.5%	2.5%	-79%	-65.8%	-55.7%	-66.3%
PAT margin %	-10.7%	-13.2%	-2.7%	-31.6%	-69.4%	-52.1%	-48.8%
Working capital
Receivable days	—	1,693	664	1,613	631	416	419
Inventory days	—	6,854	2,235	9,822	2,439	2,354	5,019
Payable days	—	2,477	846	3,448	760	694	1,401
NWC days	—	6,070	2,052	7,986	2,311	2,076	4,037
Leverage
Current ratio	—	1.47	1.53	2.8	2.65	2.53	2.57
Debt to EBITDA	—	28.77	26.58	—	—	—	—
Debt to equity	—	0.29	0.3	0.31	0.35	0.36	0.34
Interest coverage	0.2	0.5	0.9	-1.2	-14.7	-62	-29.5
Asset turnover	—	0.03	0.08	0.03	0.06	0.07	0.05
Return ratios
Return on assets %	—	-0.4%	-0.2%	-1%	-4.4%	-3.6%	-2.3%
Return on capital employed %	—	0.4%	0.6%	-0.6%	-4.9%	-4.2%	-2.6%
Return on equity %	—	-0.9%	-0.4%	-1.7%	-7.7%	-6.2%	-3.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.59%	33.59%	35.64%	36.8%	36.8%	36.8%	36.8%	36.8%	36.8%	36.8%	36.8%	36.8%
	0%	0.01%	0%	0%	0.01%	0%	0.03%	0.02%	0.02%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	66.41%	66.4%	64.36%	63.2%	63.19%	63.2%	63.17%	63.18%	63.18%	63.2%	63.2%	63.2%
No. of shareholders	—	—	—	—	—	—	—	—	19,831	19,248	18,839	18,790

Promoter holding up 3.21 percentage points since Sep 2023.

21 deals · 27 Dec 2021 – 18 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Aug 2025	RIMPY MITTAL	Bulk	NSE	Sell	4,33,754	₹21.49	₹0.93 Cr
18 Aug 2025	RIMPY MITTAL	Bulk	NSE	Buy	4,06,175	₹21.37	₹0.87 Cr
12 Aug 2025	SETU SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	9,85,006	₹20.37	₹2.01 Cr
12 Aug 2025	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	9,85,006	₹20.37	₹2.01 Cr
19 Feb 2025	SETU SECURITIES PVT. LTD.	Bulk	BSE	Sell	10,50,000	₹19.59	₹2.06 Cr
19 Feb 2025	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	10,50,000	₹19.61	₹2.06 Cr
19 Feb 2025	SITA RAM BHUWALKA	Bulk	NSE	Sell	4,99,510	₹19.61	₹0.98 Cr
19 Feb 2025	SITA RAM BHUWALKA	Bulk	BSE	Buy	4,99,510	₹19.59	₹0.98 Cr
19 Feb 2025	SETU SECURITIES PVT. LTD.	Bulk	BSE	Buy	2,35,000	₹19.53	₹0.46 Cr
19 Feb 2025	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	2,35,000	₹19.51	₹0.46 Cr

1–10 of 21

1 / 3

Mr. D Vijaysen ReddyExecutive Director-Chairperson-MD
Mr. D Rohit ReddyNon-Executive - Non Independent Director
Mr. K Ravi KumarNon-Executive - Non Independent Director
P Bhaskara RaoChief Financial Officer
Mr. L Jaya Simha ReddyNon-Executive - Independent Director
Mrs. Mogulla Varsha ReddyNon-Executive - Independent Director
Mr. K Dharam KaranNon-Executive - Independent Director
Mr. T. Siva KumarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Prajay Engineers Syndicate Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

2

Dividend dividend18 Sept 2008 · ex-date₹2.5
Dividend dividend14 Sept 2007 · ex-date₹2.5

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

1 Oct 2026, 5:46 pmOthers

Disclosure under Regulation 30A of LODR

Exchange filing PDF

1 Oct 2026, 4:11 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 1:49 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

29 Sept 2026, 7:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

7 Sept 2026, 7:05 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 6:52 pmAGM/EGM

: Submission Of Notice Of 32Nd (Thirty Second) Annual General Meeting Of The Members Of The Company For The Financial Year 2025-26 - Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

AGM PDF

5 Sept 2026, 6:42 pmOthers

Board Meeting Outcome for : Regulation 30 SEBI (LODR) Regulations - Outcome Of The Meeting Of Board Of Directors Of Prajay Engineers Syndicate Limited (The Company) Held On Saturday, 05-09-2026

Outcome without intimation PDF

3 Sept 2026, 12:43 pmOthers

Rumour verification - Regulation 30(11)

Exchange filing PDF

Date	Category	Subject	Filing
1 Oct 2026, 5:46 pm	Others	Disclosure under Regulation 30A of LODR	PDF
1 Oct 2026, 4:11 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Prajay Engineers Syndicate Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

2

1

Announcements

2

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Segment results

Compounded sales growth

Return on equity

Construction and Development · revenue

Prajay Engineers Syndicate Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends2

Board meetings1

Announcements

Dividends2

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Return on equity

Construction and Development · revenue

2

1

2

1