---
title: "Bajel Projects Ltd (BAJEL) — Share Price, Financials & Analysis"
symbol: "BAJEL"
company: "Bajel Projects Ltd"
canonical: "https://tapetide.com/stocks/BAJEL"
isin: "INE0KQN01018"
nse_symbol: "BAJEL"
bse_code: "544042"
sector: "Power"
industry: "Integrated Power Utilities"
market_cap_cr: 2039.74
generated_at: "2026-09-13T18:45:51.607Z"
---

# Bajel Projects Ltd (BAJEL)

Canonical page: https://tapetide.com/stocks/BAJEL

## Company

- **NSE Symbol:** BAJEL
- **BSE Code:** 544042
- **ISIN:** INE0KQN01018
- **Sector:** Power
- **Industry:** Integrated Power Utilities
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-12-19
- **CEO:** Mr. Rajesh Ganesh
- **Employees:** 755
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** bajelprojects.com

## About

Incorporated in 2022, Bajel Projects Ltd is in the business of Engineering, Procurement and Construction[1]Bajel Projects Limited (BPL) is a carved out legal entity from Bajaj Electricals Ltd. It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects.

## Latest Price

- **Price:** ₹179.89
- **Change:** +2.47 (+1.39%)
- **Open:** ₹177.61
- **Day High:** ₹181.25
- **Day Low:** ₹175
- **Previous Close:** ₹177.42
- **Volume:** 136248
- **As Of:** 2026-09-11T10:29:30+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:05.544596Z.

- **Market Cap:** ₹2039.74 Cr
- **Classification:** Microcap
- **P/E (reported):** 92.8
- **P/E (TTM):** 94.68
- **EPS (TTM):** ₹1.9
- **Book Value:** ₹64.61
- **Price to Book:** 2.74
- **Dividend Yield:** 0.34%
- **ROE:** 2.71%
- **ROCE:** 11.66%
- **Debt to Equity:** 0.49
- **Revenue (yearly):** ₹2818.6 Cr
- **Net Income:** ₹20.3 Cr
- **EBITDA:** ₹124.7 Cr
- **52-Week High:** ₹226.69
- **52-Week Low:** ₹135.1
- **RSI (14):** 39.16

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Flat
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 24.36 | 9% |
| growth | 25.27 | 9% |
| momentum | 54.73 | 12% |
| ownership | 35.53 | 24% |
| quality | 59.14 | 22% |
| valuation | 33.39 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 2.78 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.83% over last 3 years.
- Company has high debtors of 214 days.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -69.49% | -89.21% | 124.68% |
| ebitda margin growth | -37.5% | 28.86% | 47.83% | — |
| net income growth | -66.67% | 30.97% | 372.09% | — |
| revenue growth | -43.72% | 7.21% | 33.13% | — |
| roce | -39.76% | 4.76% | 212.6% | — |
| roe | -66.55% | 16.81% | 1.93% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 489.16 | 512.01 | 662.41 | 622.39 | 801.42 | 607.64 | 613.83 | 562.34 | 1007.77 | 566.88 |
| Expenses | 481.31 | 504.91 | 645.61 | 607.75 | 780.68 | 591.45 | 593.34 | 537.57 | 977.2 | 548.34 |
| Operating Profit | 7.85 | 7.1 | 16.8 | 14.64 | 20.74 | 16.19 | 20.49 | 24.77 | 30.57 | 18.54 |
| OPM % | 1.6 | 1.39 | 2.54 | 2.35 | 2.59 | 2.66 | 3.34 | 4.4 | 3.03 | 3.27 |
| Other Income | 10.39 | 11.7 | 5.15 | 7.45 | 6.6 | 8.38 | 6.98 | -2.85 | 6.76 | 5.26 |
| Interest | 10.07 | 9.19 | 11.93 | 15.45 | 16.95 | 15.87 | 17.02 | 16.22 | 14.31 | 11.78 |
| Depreciation | 1.75 | 2.16 | 3.26 | 3.21 | 4.06 | 4.61 | 4.81 | 5.22 | 6.04 | 4.95 |
| Profit before tax | 6.42 | 7.45 | 6.76 | 3.43 | 6.33 | 4.09 | 5.64 | 0.48 | 16.98 | 7.07 |
| Tax % | -10.28 | 25.91 | 45.86 | 57.43 | 23.85 | 27.87 | 36.17 | 185.42 | 16.73 | 32.96 |
| Net Profit | 7.07 | 5.52 | 3.66 | 1.46 | 4.82 | 2.96 | 3.6 | -0.42 | 14.14 | 4.73 |
| EPS in Rs | 0.61 | 0.48 | 0.32 | 0.13 | 0.42 | 0.26 | 0.31 | -0.04 | 1.22 | 0.41 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- |
| Sales | 1169 | 2598 | 2792 | 2751 |
| Expenses | 1153 | 2523 | 2681 | 2656 |
| Operating Profit | 16 | 75 | 111 | 94 |
| OPM % | 1.4 | 2.9 | 4 | 3.4 |
| Other Income | 18 | 21 | 10 | 16 |
| Interest | 24 | 60 | 74 | 59 |
| Depreciation | 6 | 13 | 20 | 21 |
| Profit before tax | 4 | 24 | 27 | 30 |
| Tax % | -17 | 35 | 25 | — |
| Net Profit | 4 | 15 | 20 | 22 |
| EPS in Rs | 0.37 | 1.34 | 1.75 | 1.9 |
| Dividend Payout % | 0 | 0 | 34 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 23 |
| Reserves | 543 | 643 | 724 |
| Borrowings | 15 | 376 | 367 |
| Other Liabilities | 762 | 1033 | 1424 |
| Total Liabilities | 1343 | 2075 | 2538 |
| Fixed Assets | 69 | 98 | 108 |
| CWIP | 0 | 0 | 7 |
| Investments | 3 | 82 | 66 |
| Other Assets | 1271 | 1895 | 2357 |
| Total Assets | 1343 | 2075 | 2538 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 195 | 69 | 21 |
| Cash from Investing Activity | -135 | -128 | 19 |
| Cash from Financing Activity | -15 | 68 | -72 |
| Net Cash Flow | 46 | 9 | -32 |
| Free Cash Flow | 168 | 35 | -13 |
| CFO/OP | 1233 | 91 | 24 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 190 | 136 | 214 |
| Inventory Days | 42 | 24 | 26 |
| Days Payable | 201 | 103 | 166 |
| Cash Conversion Cycle | 31 | 57 | 74 |
| Working Capital Days | 62 | -13 | 23 |
| ROCE % | — | 12 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.85% | 62.85% | 62.75% | 62.72% | 62.61% | 62.59% | 62.58% | 62.57% | 62.55% | 62.53% | 62.53% | 62.53% |
| FIIs | 10.51% | 10.46% | 0.51% | 0.29% | 0.49% | 0.29% | 0.31% | 0.32% | 0.67% | 0.4% | 0.51% | 0.53% |
| DIIs | 11.77% | 11.82% | 8.07% | 7.83% | 8.3% | 9.54% | 9.6% | 10.3% | 8.66% | 9.06% | 9.57% | 9.2% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 8.81% | 8.85% | 20.76% | 21.67% | 21.29% | 20.53% | 20.61% | 19.88% | 20.73% | 20.69% | 20.06% | 20.35% |
| Others | 6.06% | 6.02% | 7.9% | 7.49% | 7.3% | 7.05% | 6.9% | 6.93% | 7.39% | 7.31% | 7.33% | 7.38% |
| No. of Shareholders | 63363 | 62796 | 83268 | 90106 | 90725 | 89929 | 88561 | 85939 | 85013 | 83991 | 83533 | 83063 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 5 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 184.74 | Sell |
| EMA (10) | 183.79 | Sell |
| SMA (20) | 186.3 | Sell |
| EMA (20) | 185.33 | Sell |
| SMA (50) | 184.76 | Sell |
| EMA (50) | 185.84 | Sell |
| SMA (100) | 186.91 | Sell |
| EMA (100) | 184.12 | Sell |
| SMA (200) | 175.51 | Buy |
| EMA (200) | 183.3 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.69 | Neutral |
| MACD (12,26,9) | -1.33 | Sell |
| Stochastic (14,3,3) | 14.49 | Buy |
| ADX (14) | 15.19 | Neutral |
| Williams %R (14) | -79.19 | Neutral |
| ATR (14) | 6.46 | High Volatility |
| ROC (12) | -5.09 | Sell |
| Stoch RSI (14) | 17.96 | Buy |
| UO (7,14,28) | 46.87 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 1 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 1 analyst ratings, observed at 2026-09-11T04:38:05.560376+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f85460ab-0fdf-4499-9691-caf0e65c20b3.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e207ca0-5ed2-4fb8-a33d-77ffd7417a17.pdf) |
| 2026-09-04 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7797d7f6-0bda-461a-aae7-9ccdbb025e00.pdf) |
| 2026-09-01 | [Grant Of 284000 (Two Lakh Eighty Four Thousand Only) Stock Options Under The Bajel Projects Limited Employee Stock Option Plan 2024 (ESOP 2024/ Scheme)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=deaf9ef5-01c3-41c8-9193-aec2cd5f8a42.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Retirement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec476588-50e4-487f-bfdd-b9f345bd4b3f.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Retirement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=245566eb-caed-4238-81e4-5d68119109df.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0534757-fef4-467b-875c-09d17ca3a64a.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4aa1c220-ec61-4b71-9b68-99f0e7b05016.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ddcfeb8-272f-4ecb-86f6-50cd5d004884.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c6097a3-2e28-4873-a020-172e9ed9821b.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-07 | [Results - Financial Unaudited Results Q-1 FY 26-27](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9cb7da85-2929-4050-bbd5-c46ffd62011b.pdf) |
| 2026-05-27 | [Outcome Of The Board Meeting Of Bajel Projects Limited (The "Company") Held Today I.E. On Wednesday May 27 2026 ("Meeting")](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1e0d2bc-0dfd-4f27-aa9c-a989b9f80357.pdf) |
| 2026-02-05 | [Outcome Of Board Meeting And Un-Audited Financial Results (Standalone And Consolidated) For The Third Quarter And Nine Months Ended December 31St 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=869356d8-4fe5-4448-bfe5-aa7be1bcd8bf.pdf) |
| 2025-11-14 | [Unaudited Standalone & Consolidated Financial Results For The Second Quarter Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3556229-7060-4824-8f46-fb3cce8bde07.pdf) |
| 2025-08-08 | [Unaudited Financial Results For The 1St Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f42af27-a43b-4d2f-ba7d-2b3675a01ccd.pdf) |
| 2025-05-22 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd600dc8-bd3d-46e2-98ec-3c9d561eaa7d.pdf) |
| 2025-02-06 | [Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9aa3549a-1184-4b2a-b35a-3e24ee42af10.pdf) |
| 2024-11-14 | [Outcome Of The Board Meeting Of Bajel Projects Limited (Company) Held Today I.E. On Thursday, November 14, 2024 (Meeting).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eafdfb39-a1ee-4c2e-b47b-a84699099dd9.pdf) |
| 2024-08-08 | [Outcome Of The Board Meeting Held On August 8, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acc90454-98b7-4087-982f-d161e314915c.pdf) |
| 2024-05-23 | [Outcome Of Board Meeting Held On May 23, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28b85a95-f241-4c59-bdb2-b3f32f5823bd.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef10519f-464d-43a0-89e4-113e74ec252f.pdf) |
| 2026-05-27 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d76e2189-dae0-459d-8444-304d64af8686.pdf) |
| 2026-02-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=704368d6-a68f-4e83-a58b-d19267009ac4.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=440f34f6-e121-42e5-8fa4-6164e6be6d2e.pdf) |
| 2025-08-26 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4e2c263-a0cf-4fc6-acfb-70056d2a5bf7.pdf) |
| 2025-02-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a56dd01c-6a84-489a-a72a-480affc0084f.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93b99fb0-759e-4570-a949-b4516bfcbcd4.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/440f34f6-e121-42e5-8fa4-6164e6be6d2e.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d76e2189-dae0-459d-8444-304d64af8686.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d76e2189-dae0-459d-8444-304d64af8686.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a372e6e-7c87-4ec9-af20-bb55c6ac2b95.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a372e6e-7c87-4ec9-af20-bb55c6ac2b95.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/704368d6-a68f-4e83-a58b-d19267009ac4.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a56dd01c-6a84-489a-a72a-480affc0084f.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4e2c263-a0cf-4fc6-acfb-70056d2a5bf7.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 29 Apr - Bajel wins two ultra-mega MENA EPC orders for 500 kV overhead transmission lines, valued ₹400 Cr+. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 29 Apr - Bajel wins two ultra-mega MENA EPC orders for 500 kV overhead transmission lines, valued ₹400 Cr+.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e418f19-9f41-4c78-af98-df5988441243.pdf) |
| 29 Apr - Bajel wins two ultra-mega MENA EPC orders for 500 kV overhead transmission lines, valued ₹400 Cr+. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 29 Apr - Bajel wins two ultra-mega MENA EPC orders for 500 kV overhead transmission lines, valued ₹400 Cr+.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e418f19-9f41-4c78-af98-df5988441243.pdf) |
| 26 Mar - Trading window closed April 1, 2026 until 48 hours after FY2026 audited results announcement. | [Closure of Trading Window 26 Mar - Trading window closed April 1, 2026 until 48 hours after FY2026 audited results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/719178f8-ca7b-4b43-9a65-21d42119bbe8.pdf) |
| 23 Apr - Annual disclosure for FY 2025-26 states Bajel Projects is not a Large Corporate. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 23 Apr - Annual disclosure for FY 2025-26 states Bajel Projects is not a Large Corporate.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f58a7aba-4c2f-49e5-8cfc-53e7412be2f4.pdf) |
| 1d - Bajel signs March 5, 2026 collaboration with NIIF/AnantGrid; Bajel to hold 26% in project SPVs. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Execution Of Collaboration Agreement With National Investment And Infrastructure Fund (NIIF) And Anantgrid Private Limited (Anantgrid) 1d - Bajel signs March 5, 2026 collaboration with NIIF/AnantGrid; Bajel to hold 26% in project SPVs.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7378d2c0-aedc-40bc-9b23-98302ac3ed8e.pdf) |
| 17 Mar - Allotment of 10,625 equity shares of Rs. 2 each on exercise of options by eligible employees | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 17 Mar - Allotment of 10,625 equity shares of Rs. 2 each on exercise of options by eligible employees](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26c5654b-80dd-46f4-b907-cf7efb9db543.pdf) |
| 17 Feb - Feb 17, 2026: Bajel signs 50:50 JV with Al Sharif for Saudi EPC; SAR1m equity each. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 17 Feb - Feb 17, 2026: Bajel signs 50:50 JV with Al Sharif for Saudi EPC; SAR1m equity each.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74cc4db6-56ca-4a80-8552-0b9091187f1c.pdf) |
| 17 Feb - Feb 17, 2026: Bajel forms equal JV with Al Sharif to pursue EHV EPC projects in Saudi Arabia. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 17 Feb - Feb 17, 2026: Bajel forms equal JV with Al Sharif to pursue EHV EPC projects in Saudi Arabia.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a799343f-63bf-471c-84f9-3a31fb54f38c.pdf) |
| 16 Mar - Awarded Significant (Rs.50–100 Cr) EPC for 220 kV Kalwa-Kalyan Pal line by Tata Power; 10-month PO. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Mar - Awarded Significant (Rs.50–100 Cr) EPC for 220 kV Kalwa-Kalyan Pal line by Tata Power; 10-month PO.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/796b150c-1e5b-46d7-b14e-371f86930f61.pdf) |
| 15 Jan - Corporate office moved to Unit No. 802, 8th Floor, Aggarwal Cyber Plaza-I, Pitampura, effective January 14, 2026. | [Announcement under Regulation 30 (LODR)-Change in Corporate Office Address 15 Jan - Corporate office moved to Unit No. 802, 8th Floor, Aggarwal Cyber Plaza-I, Pitampura, effective January 14, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77b62037-35ab-4d2b-ab5e-1dec1d74d638.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1271_GISOLUTION_2012_2013_29082013105122.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de50182c-36d6-4201-804c-fbaeb331520d.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94210749-a191-4c91-abeb-79df1182dbdc.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14c68d9b-046e-4d2d-a203-2c5a936d441f.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bb88e6c-04a6-4607-9d69-58189c812232.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1cc07d82-3c06-4657-af96-68d27b19a179.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c1ccafd-8074-4be7-a313-8425b94c5680.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533048/76996533048.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533048/72039533048.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533048/66164533048.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:45:51.607Z.