Bajel Projects Limited

Bajel Projects Limited - construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L31900MH2022PLC375133 Incorporated 19 January 2022 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed Public Limited Company construction
Data last updated
Market Cap
₹1,991 Cr
BAJEL · NSE
Share Price
₹173.14
+0.60% today
Revenue
₹2,792 Cr
FY 2025-26 · +6.5% YoY
EBITDA
₹93.48 Cr
Margin 3.4%
Net Profit
₹28.98 Cr
FY 2025-26 · +49.1% YoY
P/E (TTM)
74.6x
P/B 2.7x
ROE
4.1%
ROCE 10.8%
Debt / Equity
0.53
Interest cover 99.7x

About Bajel Projects Limited

Data last updated: 26 September 2026

Bajel Projects Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bajaj Electricals Limited. It specialises in plumbing services and construction specialties, a part of the broader construction sector. Incorporated on 19 January 2022.

Registered with ROC Mumbai under CIN L31900MH2022PLC375133. Listed.

Capital: an authorised share capital of ₹40 Cr and a paid-up capital of ₹23.14 Cr. It is led by directors including Shekhar Bajaj and Ajay Suresh Nagle.

Last AGM: 14 August 2025. Financial statements filed for year ended 31 March 2025. Office: 801 Rustomjee Aspiree Anik Wadala Link Road Sion East, Mumbai, Maharashtra, India – 400022.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,791.58 Cr, a growth of 7.44% compared to the previous year. The net worth stands at ₹747.57 Cr (up 12.2% YoY). Total assets are valued at ₹1,133.37 Cr (up 7.12% YoY).

The company has a workforce of approximately 682 employees as per the latest available data. It operates as a subsidiary of Bajaj Electricals Limited.

The company is associated with 1 brand - Bajel Projects. As per MCA filings, the company has open charges of ₹2,940 Cr and satisfied charges of ₹1,390 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bajelprojects.com.

Company Details of Bajel Projects Limited
CIN L31900MH2022PLC375133
Registration Number 375133
Incorporation Date 19 January 2022
ROC Mumbai
Listing Status Listed
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Bajaj Electricals Limited
Compliance Status Active Compliant
Key People
Rajesh Ganesh Managing Director Ajay Suresh Nagle Whole-Time Director Shekhar Bajaj Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    bajelprojects.com
  • Social Media
    Locked
  • Registered Address
    801 Rustomjee Aspiree Anik Wadala Link Road Sion East, Mumbai, Maharashtra, India – 400022
  • Industry
    Construction, Plumbing Services & Construction Specialties, Electrical Services, Demolition & Construction Services
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Financials, compliance, directors, charges, ownership and filings for Bajel Projects Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Bajel Projects Limited

Bajel Projects Limited has one previous CIN (Corporate Identification Number): U31900MH2022PLC375133. The current CIN is L31900MH2022PLC375133, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L31900MH2022PLC375133 Current
U31900MH2022PLC375133 Previous

Associated Brands with Bajel Projects Limited

Bajel Projects Limited operates one associated brand: Bajel Projects. These brands represent Bajel Projects Limited's diversified market presence and brand portfolio.

Brand Description Website
Bajel Projects
Power transmission and distribution solutions are provided internationally. bajelprojects.com

Business Activity of Bajel Projects Limited

Bajel Projects Limited is engaged in the principal business activity of construction, with detailed activities including demolition & site preparation, electrical, plumbing & other specialized construction activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
F Construction F3 Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities Locked
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Auditor Details of Bajel Projects Limited

Bajel Projects Limited is audited by S R B C & CO LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
S R B C & CO LLP Locked Locked Locked
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Board of Directors of Bajel Projects Limited

Bajel Projects Limited is currently managed by 8 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Shekhar Bajaj
Also directs: Srjb Family Llp, Indef Manufacturing Limited, Bajaj Electricals Limited and 5 more
Director 19 Jan 2022 4 Years 8 Months Current
Ajay Suresh Nagle Whole-Time Director 01 Sep 2023 3 Years 0 Months Current
Sudarshan Sampathkumar
Also directs: Bajaj Electricals Limited, Techfab (India) Industries Limited
Director 22 May 2025 1 Years 4 Months Current
Rajesh Ganesh Managing Director 18 Sep 2023 3 Years 0 Months Current
Rajendra Prasad Singh
Also directs: Jyoti Structures Limited
Director 28 Aug 2023 3 Years 0 Months Current
Radhika Madhukar Dudhat
Also directs: Camlin Fine Sciences Limited, Jagson Pal Pharmaceuticals Limited., Tips Films Limited and 1 more
Director 28 Aug 2023 3 Years 0 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Bajel Projects Limited FY 2025-26 filings available

Bajel Projects Limited reported revenue of ₹2,791.58 Cr (up 7.44% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,792 Cr
+7.4% YoY
EBITDA
₹93.48 Cr
+42.0% YoY
Profit After Tax
₹28.98 Cr
+49.1% YoY
Net Worth
₹748 Cr
+12.2% YoY
Total Assets
₹1,133 Cr
+7.1% YoY
Total Debt
₹367 Cr
-2.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue2,7922,5981,169
Revenue growth+6.5%+118.1%+9997.0%
EBITDA93.4865.838.30
EBITDA margin+3.4%+2.5%+0.7%
Profit before tax27.1723.993.68
Net profit28.9819.445.10
Net profit margin+1.0%+0.8%+0.4%
EPS (₹)1.751.340.37
Balance sheet
Total assets1,1331,058598
Net worth748666566
Total debt36737614.91
Cash & bank183268153
Net working capital714540354
Cash flow
Cash from operations21.0969.13195
Cash from investing19.10(128)(135)
Cash from financing(72.14)68.07(14.58)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5671,008562614608801622662
Revenue growth (YoY)-7.1%+26.0%-9.8%-6.9%+18.9%+65.2%+9997.0%+9997.0%
Other income5.266.764.876.988.386.607.455.15
EBITDA18.5430.5817.0420.4916.2020.7314.6516.79
EBITDA margin+3.3%+3.1%+3.1%+3.4%+2.7%+2.6%+2.4%+2.6%
Depreciation4.956.045.224.814.614.063.213.26
Interest11.7814.3116.2217.0215.8716.9515.4511.93
Profit before tax7.0716.990.475.644.106.323.446.75
Tax2.332.840.892.041.141.511.973.10
Net profit4.7414.15(0.42)3.602.964.811.473.65
EPS (₹)0.411.22(0.04)0.310.250.420.130.31
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue2,7922,5981,169664
Revenue growth+6.3%+118.1%+67.2%+9997.0%
EBITDA10065.838.30(30.61)
EBITDA margin+3.6%+2.5%+0.7%-4.6%
Profit before tax33.8523.993.68(0.28)
Net profit37.3819.445.10(4.01)
Net profit margin+1.3%+0.8%+0.4%-0.6%
EPS (₹)2.331.340.37(0.14)
Balance sheet
Total assets1,067976598570
Net worth681585566557
Total debt36737614.910.72
Cash & bank1832681530.65
Net working capital714540354425
Cash flow
Cash from operations21.0969.13195(0.10)
Cash from investing19.10(128)(135)0.00
Cash from financing(72.14)68.07(14.58)0.50
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5671,008562614608801622662
Revenue growth (YoY)-7.1%+26.0%-9.8%-6.9%+18.9%+65.2%+127.6%+235.4%
Other income5.076.764.876.988.386.607.455.15
Total expenses548977543591591781608646
EBITDA18.5431.1519.4522.8416.5620.7314.6516.79
EBITDA margin+3.3%+3.1%+3.5%+3.8%+2.8%+2.6%+2.4%+2.6%
Depreciation4.955.045.224.814.614.063.213.26
Interest11.7814.3116.2217.0215.8716.9515.4511.93
Profit before tax6.8818.562.887.994.466.323.446.75
Tax2.332.840.892.051.141.511.973.10

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Sep 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5671,008562614608801622662
Revenue growth (YoY)-7.1%+26.0%-9.8%-6.9%+18.9%+65.2%+9997.0%+9997.0%
Other income5.266.764.876.988.386.607.455.15
EBITDA18.5430.5817.0420.4916.2020.7314.6516.79
EBITDA margin+3.3%+3.1%+3.1%+3.4%+2.7%+2.6%+2.4%+2.6%
Depreciation4.956.045.224.814.614.063.213.26
Interest11.7814.3116.2217.0215.8716.9515.4511.93
Profit before tax7.0716.990.475.644.106.323.446.75
Tax2.332.840.892.041.141.511.973.10
Net profit4.7414.15(0.42)3.602.964.811.473.65
EPS (₹)0.411.22(0.04)0.310.250.420.130.31
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue2,7922,5981,169
Revenue growth+6.5%+118.1%+9997.0%
Other income26.9830.9025.30
Total expenses2,6982,5321,161
Employee cost15112079.86
EBITDA93.4865.838.30
EBITDA margin+3.4%+2.5%+0.7%
Depreciation19.6912.685.82
Interest73.6060.0624.10
Profit before tax27.1723.993.68
Tax6.918.51(0.61)
Net profit28.9819.445.10
Net profit margin+1.0%+0.8%+0.4%
EPS (₹)1.751.340.37
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital23.1423.1223.06
Reserves & surplus724643543
Shareholders' funds (net worth)748666566
Minority interest0.000.000.00
Secured loans31.001000.00
Unsecured loans33627614.91
Total debt36737614.91
Total liabilities1,1331,058598
Assets
Gross block188167128
Net block10898.4169.44
Capital work in progress6.980.000.00
Investments66.3181.612.72
Inventories139128101
Sundry debtors1,634971607
Cash & bank balances183268153
Loans & advances163191237
Total current assets2,1191,5571,098
Total current liabilities1,4051,017745
Net working capital714540354
Total assets1,1331,058598
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash55.6846.610.65
Net cash from operating activities21.0969.13195
Net cash from investing activities19.10(128)(135)
Net cash from financing activities(72.14)68.07(14.58)
Net change in cash(31.96)9.0745.96
Closing cash183268153
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+7.4%+122.2%+9997.0%
EBITDA growth+42.0%+693.1%+9997.0%
PBT growth+13.3%+551.9%+9997.0%
Net income growth+49.1%+281.2%+9997.0%
Profitability & leverage
Net income margin+0.7%+0.6%+0.4%
Return on capital employed+10.8%+11.3%+5.9%
Return on net worth+4.1%+3.2%+0.9%
Debt / equity0.530.320.03
Long-term debt / equity0.020.020.02
Interest cover99.74113.00971.77
Efficiency & per share
Fixed asset turnover15.7017.629.15
Inventory turnover20.9822.7311.57
Debtors turnover2.143.291.93
EPS (₹)1.751.340.37
Dividend per share (₹)0.600.000.00
Book value per share (₹)64.6157.6349.11
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5671,008562614608801622662
Revenue growth (YoY)-7.1%+26.0%-9.8%-6.9%+18.9%+65.2%+127.6%+235.4%
Other income5.076.764.876.988.386.607.455.15
Total expenses548977543591591781608646
EBITDA18.5431.1519.4522.8416.5620.7314.6516.79
EBITDA margin+3.3%+3.1%+3.5%+3.8%+2.8%+2.6%+2.4%+2.6%
Depreciation4.955.045.224.814.614.063.213.26
Interest11.7814.3116.2217.0215.8716.9515.4511.93
Profit before tax6.8818.562.887.994.466.323.446.75
Tax2.332.840.892.051.141.511.973.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue2,7922,5981,169664
Revenue growth+6.3%+118.1%+67.2%+9997.0%
Other income26.9830.9025.3054.27
Total expenses2,6912,5321,161694
Employee cost15112079.86102
EBITDA10065.838.30(30.61)
EBITDA margin+3.6%+2.5%+0.7%-4.6%
Depreciation19.6912.685.826.28
Interest73.6060.0624.1017.66
Profit before tax33.8523.993.68(0.28)
Tax6.918.51(0.61)1.31
Net profit37.3819.445.10(4.01)
Net profit margin+1.3%+0.8%+0.4%-0.6%
EPS (₹)2.331.340.37(0.14)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital23.1423.1223.0623.02
Reserves & surplus658562543534
Shareholders' funds (net worth)681585566557
Secured loans31.001000.000.00
Unsecured loans33627614.910.72
Total debt36737614.910.72
Total liabilities1,067976598570
Assets
Gross block188167128102
Net block10898.4169.4447.63
Capital work in progress6.980.000.000.81
Investments0.000.002.720.00
Inventories13912810188.47
Sundry debtors1,634971607369
Cash & bank balances1832681530.65
Loans & advances163191237331
Total current assets2,1191,5571,098790
Total current liabilities1,4051,017745365
Net working capital714540354425
Total assets1,067976598570
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash55.6846.610.650.00
Net cash from operating activities21.0969.13195(0.10)
Net cash from investing activities19.10(128)(135)0.00
Net cash from financing activities(72.14)68.07(14.58)0.50
Net change in cash(31.96)9.0745.960.40
Closing cash1832681530.65
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+7.4%+122.2%+76.2%+9997.0%
EBITDA growth+52.2%+693.1%+9998.0%+9997.0%
PBT growth+41.1%+551.9%+9998.0%+9997.0%
Net income growth+92.3%+281.2%+9998.0%+9997.0%
Revenue CAGR (3Y)+61.4%---
Profitability & leverage
Net income margin+1.0%+0.6%+0.4%-0.2%
Return on capital employed+12.2%+11.9%+6.0%0.0%
Return on net worth+5.9%+3.4%+0.9%0.0%
Debt / equity0.590.340.010.00
Long-term debt / equity0.020.020.010.00
Interest cover91.46113.00971.77-47.87
Efficiency & per share
Fixed asset turnover15.7017.6210.180.00
Inventory turnover20.9822.7312.340.00
Debtors turnover2.143.292.390.00
EPS (₹)2.331.340.37(0.14)
Dividend per share (₹)0.600.000.000.00
Book value per share (₹)58.8850.5849.1148.42
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Shareholding Pattern of Bajel Projects Limited

As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 62.50%, foreign institutional investors hold 0.50%, domestic institutional investors hold 9.20%, retail and other public shareholders hold 27.80% of Bajel Projects Limited.

Promoters: 62.50%DII (Domestic Institutional): 9.20%FII (Foreign Institutional): 0.50%Retail & Others: 27.80%
Jun 2026
QUARTER
62.50% Promoters
9.20% DII (Domestic Institutional)
0.50% FII (Foreign Institutional)
27.80% Retail & Others
Promoter holding - history
Now 62.50% · Jun 2026High 62.60% · Sep 2025Low 62.50% · Dec 2025
61%61.8%62.5%63.3%64%Sep 2025Dec 2025Mar 2026Jun 2026Sep 2025: 62.60%Dec 2025: 62.50%Mar 2026: 62.50%Jun 2026: 62.50%62.60%62.50%62.50%
Shareholding trend - last 6 quarters
Jun 2026Mar 2026Dec 2025Sep 2025
Promoters62.50%62.50%62.50%62.60%
Public37.50%37.50%37.50%37.40%

Charges & Borrowings of Bajel Projects Limited

Open charges
₹2,940 Cr
Satisfied charges
₹1,390 Cr
Breakdown by lending institutions
Others₹2,940.00 Cr
Latest charge details
DateLenderAmountStatus
14 May 2024 Others ₹2,940 Cr Open
02 Feb 2024 Others ₹300 Cr Satisfied
12 Jan 2024 Others ₹120 Cr Satisfied
27 Dec 2023 Bank of India ₹300 Cr Satisfied
27 Dec 2023 Standard Chartered Bank ₹150 Cr Satisfied

Total charge records: 9 View all charges

Employees and EPFO Compliance at Bajel Projects Limited

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Employee and EPFO history for Bajel Projects Limited

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GST Compliance of Bajel Projects Limited

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Credit Ratings, Litigation & Regulatory Alerts for Bajel Projects Limited

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MSME Payment Delays by Bajel Projects Limited

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MSME payment history for Bajel Projects Limited

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Subsidiaries & Group Companies of Bajel Projects Limited

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Corporate group structure for Bajel Projects Limited

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MCA Filings & Documents of Bajel Projects Limited

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MCA filings and documents for Bajel Projects Limited

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Recent Activity on Bajel Projects Limited

Directors
01 Jun 2026
Amee Bharat Joshi was appointed as a Company Secretary on 01 Jun 2026 & has been associated with this company since 3 months 28 days.
Directors
27 May 2026
Pooja Bajaj was appointed as a Additional Director on 27 May 2026 & has been associated with this company since 4 months 3 days.
Charges
19 May 2026
A charge with Others of Rs. 2,940.00 Cr registered on 14 May 2024 with Charge ID 100920894 was modified on 19 May 2026.
Activity
14 Aug 2025
Bajel Projects Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Directors
22 May 2025
Sudarshan Sampathkumar was appointed as a Director on 22 May 2025 & has been associated with this company since 1 year 4 months.
Directors
09 May 2025
Nitesh Harnarayanchand Bhandari was appointed as a Cfo on 09 May 2025 & has been associated with this company since 1 year 4 months.

Recent News on Bajel Projects Limited

Frequently Asked Questions about Bajel Projects Limited

Bajel Projects Limited is an active public limited company in the construction sector based in Mumbai, Maharashtra, India. It was incorporated on 19 January 2022 (4+ years old) and is registered under CIN L31900MH2022PLC375133. The company has 682 employees.

Bajel Projects Limited reported revenue of ₹2,791.58 Cr for FY 2025-26 (up 7.44% YoY) based on consolidated financials.

The current directors of Bajel Projects Limited are:

The primary industry of Bajel Projects Limited is construction. The company specifically operates in plumbing services and construction specialties. The company is currently active in this sector.

Yes, Bajel Projects Limited is a listed company.

Bajel Projects Limited can be reached at the registered office: 801 Rustomjee Aspiree Anik Wadala Link Road Sion East, Mumbai, Maharashtra, India – 400022, or through the website bajelprojects.com.

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