15% @ 90 Days - Jan 2019 - Praj Industries

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
27TH
JANUARY 2019
PRAJ INDUSTRIES LTD BUY POTENTIAL UPSIDE: 18.7%
CURRENT MARKET PRICE: 121.30 TARGET PRICE: 144.00
BSE Code 522205 Market Cap (Crores) 2219
NSE Code PRAJIND Dividend Yield 1.32
Book Value 38.45 P/E 47.45
Face Value 2 EPS 2.56
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – JANUARY 2019
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: Praj Industries & Nifty:
Nifty: -3.1% Praj Industries: 9.6%
Stock Resistance and Support:
1st
Resistance – 131 1st
Support – 115
2nd
Resistance – 140 2nd
Support – 104

3. 15% @ 90 DAYS – JANUARY 2019
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of Praj Industries Ltd (Rs. In Crores)
Particulars Sep 2018 Jun 2018 Mar 2018 Dec 2017
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 192.48 144.31 217.08 191.16
Other Operating Income -- -- -- --
Total Income From Operations 192.48 144.31 217.08 191.16
Consumption of Raw Materials 106.44 66.5 110.72 112.65
Purchase of Traded Goods -- -- -- --
Increase/Decrease in Stocks -5.9 0.59 1.26 -2.31
Power & Fuel -- -- -- --
Employees Cost 34.4 33.19 31.33 28.83
Depreciation 5.19 5.32 5.32 5.42
Admin & Selling Expenses -- -- -- --
Provisions And Contingencies -- -- -- --
Other Expenses 49.22 37.62 48.05 39.43
Other Income 5.03 3.03 9.64 1.37
P/L Before Int., Excpt. Items & Tax 8.16 4.12 30.04 8.51
Interest 0.16 0.18 0.21 0.25
P/L Before Excpt. Items & Tax 8 3.94 29.83 8.26
Exceptional Items -- -- -- --
P/L Before Tax 8 3.94 29.83 8.26
Tax 2.55 0.78 6.88 1.52
P/L After Tax 5.45 3.16 22.95 6.74
Prior Year Adjustments -- -- -- --
Net Profit/(Loss) 5.45 3.16 22.95 6.74
Equity Share Capital 36.3 36.3 36.19 35.97
EPS 0.3 0.17 1.28 0.38
No. of Shares with Public 12,11,77,248 12,11,77,248 12,06,32,415 12,00,85,315
Public Share Holding (%) 66.77 66.77 66.67 66.57

4. 15% @ 90 DAYS – JANUARY 2019
- 4 - SARAL GYAN CAPITAL SERVICES
Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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