Praj Industries - Gearing Up To Become A Bio-Economy Leader: Prabhudas Lilladher

Prabhudas Lilladher Report

We remain positive on Praj Industries Ltd. in the long run given-

1. its leadership in domestic ethanol (50-55% market share),

2. large domestic CBG pipeline,

3. healthy export outlook in Engineering driven by ETCA,

4. focus on new technologies such as 2G ethanol, SAF, bio-manufacturing, and multi-feedstock plants, and

5. improving margins owing to growing share of exports and services.

The stock is trading at a price/earnings of 37.4 times/29.2 times FY25/26E. We maintain ‘Buy’ rating on the stock with a revised target price of Rs 815 (Rs 671 earlier), valuing the stock at a P/E of 34 times F26E (28 times FY26E earlier) factoring in substantial long-term growth opportunities amid a stable policy environment.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.