Mumbai: A new report by Centrum Capital Ltd has mentioned Praj Industries’ financial performance, order book, and share target price. According to the report, the company may face some challenges in the near future, but in the long run, it has positive opportunities for it.
The Centrum Capital report stated that the financial performance of Praj Industries may see pressure due to slow growth in the engineering division. The company’s estimated revenue in Q4FY25 is likely to be Rs 10.4 billion, which is just 2.5 percent higher than Rs 10.2 billion in the last quarter of 2023-24.
The report, however, had an optimistic view of the company’s new orders. It mentioned that the company is likely to get new orders, taking the total orders to Rs 11.1 bn. The EBITDA margin of the company is projected to decline to 10.4 per cent in Q4FY25, compared to 12.4 per cent in the January-March quarter of FY24.
Company’s profit is expected to decline to Rs 709 million in the last quarter of 2024-25, while it was Rs 919 million in Q4FY24.
As the company is engaged in the business of ethanol production, the government’s new policy is aimed at boosting ethanol production across the country which could come as a boon for the firm.
Praj Industries share price target
On April 3, Praj Industries shares settled at Rs 524.85 apiece. In the last 3 months, Praj Industries shares have fallen 37 per cent. At the same time, a decline of 32.4 percent has been recorded in the last 6 months. In the long term, in the last 5 years, the stock has given a return of more than 800 percent. In the one-year range, touched a low of Rs 462 and a high of Rs 875 per equity share.
Centrum Capital has given a BUY rating on Praj Industries share with a target price of Rs 801 per share, which is around 35 per cent above the current price.
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Centrum Capital has initiated a Buy rating on Praj Industries. The financial services providing company stated that the stock has the potential to rise to the levels of Rs 801 per equity share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
