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    Praj Industries: Taking the lead in a growing space

    With the government fast-tracking ethanol blending, Praj Industries' bio-energy segment has received a boost

    Jitendra Kumar Gupta
    March 09, 2021 / 05:13 PM IST
    Praj Industries: Taking the lead in a growing space

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights - Strong improvement in business activity - Order inflows witness strong growth - Revenue visibility is highest in the recent past - Expect improvement in margins and strong growth in earnings Praj Industries (CMP: Rs 183 Market Cap: Rs 3,355 crore) has emerged as the winner even in difficult times. The company continues to deliver strong growth and business, and has seen a significant uptick with higher orders in hand, improving margins, strong cash and better visibility as a result of strong growth in...

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