Bajel Projects’ Growth Analyzed

Key Points

• Bajel Projects gets a ‘Buy’ rating from Antique Broking.
• Company expects 22% revenue growth (CAGR) from FY25-FY28.
• Profitability will increase by 124% (CAGR) over the same period.
• Focus on transmission & distribution projects drives growth.
• Strategic demerger improves management and resource focus.
• Turnaround strategies include cost control and international expansion.

Antique Stock Broking has given Bajel Projects a “Buy” rating, believing the company is about to grow steadily. They say things are looking up because of more power lines being built and how Bajel Projects is handling its projects now.

Analysts Amit Shah and Rahulkumar Mishra explained that Bajel Projects is doing well because of several good things happening. First, many new power lines are being built (we call this “T&D capex”), which means more work for Bajel Projects. Also, the company already has a lot of projects it’s working on and more orders are coming in.

Bajel Projects is also working on being better at managing things – they’re paying closer attention to costs and making sure everything gets done on time. They’re changing the types of projects they take on, focusing on the ones that make more money.

Over the next few years (from 2025 to 2028), Antique expects Bajel Projects’ sales to grow by 22% each year. Because they’re getting better at managing costs and doing more profitable work, their profits will also grow a lot – by 124% over the same time.

Antique thinks Bajel Projects will make around 350% more money from its projects than it is now. This means their profits will grow a lot. The company is also aiming to make about 270 rupees per share, which is a good target for investors.

The company’s shares were trading at 176.63 rupees per share when Antique made this prediction, and their target price is 270 rupees. That means that if the price goes to 270 rupees, you’ll have made a 53% profit!

To help Bajel Projects grow even more, they’ve made some big changes. They split off a part of their business that deals with power lines – this makes them more focused. Because of these changes, Bajel Projects is now better organized and has a clearer plan for the future.

In the past, Bajel Projects had some problems like delays and changing project plans. However, the company has learned from these mistakes and is now using better strategies, like focusing on more profitable projects and working with customers around the world.

Another important thing is Bajel Projects’ “RAASTA 2030” plan. This plan is helping them grow by building bigger power lines, learning new skills, and using new technologies.

“A focused, pure-play power transmission and distribution EPC platform with a clear strategic intent.”