Prajay Engineers Syndicate Limited (PRAENG)
₹18.89 -0.53% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Prajay Engineers' revenue was ₹4.9 Cr (-67.0% year on year, -31.4% on the previous quarter), and net profit ₹-2.6 Cr (a smaller loss than a year earlier); the operating margin was -61.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹4.9 | -67.0% | -31.4% |
| Operating profit | ₹-3.0 | loss narrowed | loss narrowed |
| Net profit | ₹-2.6 | loss narrowed | loss narrowed |
| EPS (₹) | -0.37 | loss narrowed | loss narrowed |
| Operating margin | -61.8% | — | — |
PRAENG delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 75.78% of the PRAENG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.32%. That is close to its usual level. Turnover was only ₹9 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 74.3% · 66.4% · 81.9% · 72.7% · 75.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Prajay Engineers Syndicate Limited announced shareholder approval at its 32nd AGM for the appointment of M/s. R B Associates as Statutory Auditors for a 5-year term from the 32nd AGM to the 37th AGM. Shareholders also approved M/s. G P Reddy & Associates as Secretarial Auditors for a 5-year period. The regulatory filing also confirmed that directors Rohit Reddy Dantapalli, Dharam Karan Kora, and Vijaysen Reddy Dantapalli are not debarred by SEBI or any authority. These are routine statutory appointments that do not impact company revenue or financial performance directly.
- Appointment of M/s. R B Associates as Statutory Auditors for a 5-year term from the 32nd to 37th AGM
- Appointment of M/s. G P Reddy & Associates as Secretarial Auditors for 5 consecutive financial years
- Effective date for Statutory Auditor appointment noted as 29-09-2026 and Secretarial Auditor as 05-09-2026
- Scrutinizer's Report and voting results dated 01-10-2026 confirm approval by requisite majority
Prajay Engineers Syndicate Limited has declared the voting results for its 32nd Annual General Meeting held on September 29, 2026. All five resolutions were approved by shareholders with over 99% majority of valid votes cast. Key items passed included the adoption of FY26 financial statements, reappointment of director Mr. Ravi Kumar Kutikalapudi, auditor appointments, and approval of Related Party Transactions with subsidiaries and associates.
- Adoption of FY26 financial statements passed with 99.99% votes in favour (29,328,472 votes)
- Related Party Transactions approval passed with 99.39% votes in favour (4,387,725 votes), with promoters abstaining
- Overall voter turnout for general resolutions stood at 41.94% of total outstanding shares (29,330,467 votes polled)
- Appointment of M/s G P Reddy & Associates as Secretarial Auditors approved for a period of 5 years (FY27 to FY31)
Prajay Engineers Syndicate Limited has scheduled its 32nd Annual General Meeting (AGM) for Tuesday, September 29, 2026, to be held via Video Conferencing. The meeting's agenda includes the adoption of audited financial statements for FY2025-26, where the company recorded an annual net loss of Rs 18.75 Cr. Key resolutions also cover the re-appointment of director Mr. Ravi Kumar Kutikalapudi and the appointment of M/s. R B Associates as Statutory Auditors for a 5-year term.
- 32nd AGM scheduled for September 29, 2026 at 5:30 PM IST via Video Conferencing
- Proposal to appoint M/s. R B Associates as Statutory Auditors for a 5-year tenure up to the 37th AGM
- Adoption of FY2025-26 audited standalone and consolidated financial statements
- Consideration of re-appointment of Mr. Ravi Kumar Kutikalapudi as Director retiring by rotation
Prajay Engineers Syndicate Limited has scheduled its 32nd Annual General Meeting for September 29, 2026, via video conferencing. The company announced book closure from September 23, 2026, to September 29, 2026, for AGM purposes. The Board also approved the appointment of M/s G P Reddy & Associates as Secretarial Auditors for a term of 5 consecutive financial years up to FY 2029-30, subject to shareholder approval.
- 32nd AGM scheduled for September 29, 2026 at 5:30 PM IST
- Register of Members and Share Transfer Books closed from September 23 to September 29, 2026
- M/s G P Reddy & Associates appointed as Secretarial Auditors for 5 years up to FY 2029-30
- Director Ravi Kumar Kutikalapudi seeking re-appointment holds 50,000 shares
Prajay Engineers Syndicate Limited has replied to exchange surveillance inquiries regarding recent significant price movement on September 3, 2026. The company confirmed that there is no undisclosed material or price-sensitive information affecting its operations or financial performance. Management stated that recent share price fluctuations are purely market-driven.
- Response issued to NSE surveillance letter NSE/CM/Surveillance/17466 dated September 2, 2026
- Clarification filed with exchanges on September 3, 2026
- Confirmed zero undisclosed price-sensitive information under Regulation 30 of SEBI LODR
Prajay Engineers Syndicate Limited reported its Q1 FY27 (quarter ended June 30, 2026) unaudited results, posting a consolidated pre-tax loss of ₹2.32 Cr (standalone pre-tax loss of ₹2.14 Cr). The company noted that dispute proceedings before the NCLT Hyderabad initiated by investor entities White Stock Limited and Belclare Limited were disposed of following a formal settlement agreement. However, persistent headwinds in real estate continue to cause sluggish customer realisations while arbitration with the state Tourism Department remains pending.
- Consolidated pre-tax loss reported at ₹2.32 Cr (₹232.43 lakh) for Q1 ended June 30, 2026.
- Standalone pre-tax loss stood at ₹2.14 Cr (₹213.60 lakh) compared to ₹7.30 Cr loss in the preceding quarter.
- Settlement agreement executed with White Stock Ltd and Belclare Ltd via IAMC; NCLT Hyderabad has disposed of the cases.
- Arbitration proceedings with the Telangana Tourism Department (Arbitration Application No. 86 of 2022) continue.
Prajay Engineers Syndicate Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within the mandated 15-day timeframe. This process includes the mutilation and cancellation of physical certificates and updating depository records (NSDL/CDSL). This is a standard administrative filing required for all listed entities to ensure shareholding record integrity.
- Compliance certificate issued for the quarter ended 30-06-2026
- Dematerialization requests processed and records updated within 15 days of receipt
- Registrar and Share Transfer Agent (RTA) confirmed as Venture Capital & Corporate Investments Private Limited
- Verification and cancellation of physical certificates completed for NSDL and CDSL updates
Prajay Engineers Syndicate Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the unaudited financial results for the first quarter ended June 30, 2026. The restriction applies to directors, employees, and designated persons, and will last until 48 hours after the results are made public. This is a standard administrative procedure for all listed companies.
- Trading window closure effective from July 1, 2026
- Pertains to the Unaudited Financial Results for the quarter ended June 30, 2026
- Restriction remains until 48 hours post-result declaration
- Applies to all designated persons and their immediate relatives
- TTM revenue for the company stands at ₹38 Cr with a net loss of ₹19 Cr
Prajay Engineers Syndicate Limited announced its audited FY26 results, reporting a net loss for the year. The company successfully resolved legal disputes with investor entities Whitestock and Belclare through a settlement agreement, leading to the dismissal of NCLT cases. However, financial health remains pressured by ₹4317.53 lakhs in outstanding trade receivables and a write-off of ₹947.81 lakhs in bad debts. Additionally, the company is involved in ongoing arbitration with the Telangana Tourism Department over lease agreements.
- Reported a net loss and other comprehensive loss for the financial year ended March 31, 2026.
- Settlement agreement reached with investor entities, resolving disputes previously pending before the NCLT.
- Trade receivables of ₹4317.53 lakhs remain outstanding, with ₹947.81 lakhs written off as bad debts this year.
- Ongoing arbitration with the Government of Telangana (Tourism Dept) regarding Secunderabad Golf and Leisure Resort.
- A provision of ₹1246.96 lakhs is set aside for doubtful trade receivables from previous years.
Prajay Engineers Syndicate Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Share Transfer Agent, Venture Capital & Corporate Investments Private Limited, covers the quarter ended March 31, 2026. It confirms that no securities were received for dematerialization or rematerialization during this specific period. This is a standard regulatory disclosure required for listed companies in India.
- Compliance certificate submitted for the quarter ended March 31, 2026
- Registrar confirmed that zero securities were received for dematerialization during the quarter
- Registrar confirmed that zero securities were received for rematerialization during the quarter
- Filing adheres to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Prajay Engineers Syndicate Limited has announced the closure of its trading window effective April 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the audited financial results for the fourth quarter and the full financial year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially announced to the stock exchanges. This is a standard regulatory procedure to prevent insider trading during the financial reporting period.
- Trading window closure starts from April 1, 2026, for all designated persons.
- Closure is related to the Audited Financial Results for Q4 and FY ended March 31, 2026.
- The window will reopen 48 hours after the board meeting results are declared.
- Restriction applies to employees, Directors, KMPs, and their immediate relatives.
Prajay Engineers Syndicate Limited reported a standalone net loss of ₹154.27 Lakhs for the quarter ended December 31, 2025, compared to a loss of ₹118.98 Lakhs in the previous year's corresponding quarter. Revenue from operations saw a significant decline of 31% YoY, falling to ₹609.15 Lakhs. For the nine-month period ended December 2025, the company's standalone loss widened to ₹1,045.84 Lakhs from ₹712.69 Lakhs YoY. The company also faces ongoing legal uncertainty due to arbitration proceedings with the Telangana Tourism Department regarding a major resort project.
- Standalone revenue from operations fell 31% YoY to ₹609.15 Lakhs in Q3 FY26.
- Net loss for the quarter widened to ₹154.27 Lakhs from ₹118.98 Lakhs in Q3 FY25.
- 9-month (9M FY26) standalone loss increased to ₹1,045.84 Lakhs compared to ₹712.69 Lakhs in 9M FY25.
- Construction segment revenue dropped sharply to ₹265.07 Lakhs from ₹632.34 Lakhs in the same quarter last year.
- Auditors highlighted an ongoing arbitration with the Telangana Government regarding a lease agreement for Secunderabad Golf and Leisure Resort.
Prajay Engineers Syndicate Limited has officially announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This move is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results. The closure is specifically for the consideration of the Unaudited Financial Results for the third quarter ended December 31, 2025. The trading window will remain closed until 48 hours after the financial results are declared to the stock exchanges.
- Trading window closure effective from January 1, 2026
- Closure pertains to the Unaudited Financial Results for the quarter ended December 31, 2025
- Window to reopen 48 hours after the official declaration of Q3 results
- Restriction applies to all employees, Directors, KMPs, and designated persons
- Board meeting date for result approval to be announced separately
Financial Performance
Revenue Growth by Segment
Consolidated revenue for H1 FY26 was INR 28.45 Cr, a decline of 11.2% from INR 32.04 Cr in H1 FY25. Construction and Development revenue fell 30.7% to INR 17.93 Cr, while Hospitality (Hotels and Resorts) grew 18.2% to INR 5.34 Cr. Unallocated Corporate Revenue increased 212% to INR 5.18 Cr.
Geographic Revenue Split
The company is primarily based in Hyderabad, Telangana, which serves as its central hub for construction projects and hospitality operations. Specific regional % splits are not disclosed in available documents.
Profitability Margins
Net profit margin for FY25 improved to (50.18%) from (126.28%) in FY24. However, the company remains loss-making, with a consolidated net loss of INR 9.67 Cr for H1 FY26 compared to a loss of INR 11.58 Cr in H1 FY25.
EBITDA Margin
Standalone EBITDA improved by INR 14.87 Cr YoY to INR (22.22) Cr in FY25. Core profitability remains under pressure due to high operational costs in the construction segment, which recorded a loss of INR 10.94 Cr in H1 FY26.
Capital Expenditure
Capital expenditure for H1 FY26 included the purchase of property, plant, and equipment (PPE) totaling INR 7.26 Cr on a standalone basis.
Credit Rating & Borrowing
The company maintains a debt-equity ratio of 0.23 as of FY25. Finance charges for H1 FY26 were INR 0.22 Cr on total consolidated borrowings of INR 163.98 Cr.
Operational Drivers
Raw Materials
Primary raw materials include steel, cement, and bricks for construction projects, and food/beverage supplies for the hospitality segment. Specific % of total cost for each is not disclosed.
Capacity Expansion
The company holds segment assets of INR 600.43 Cr in Construction and INR 133.65 Cr in Hospitality as of September 30, 2025. Specific unit-based capacity expansion plans are not disclosed.
Raw Material Costs
Raw material costs are a significant portion of the Construction segment's expenses; however, specific YoY cost changes and procurement strategies are not detailed beyond general inventory management.
Strategic Growth
Growth Strategy
The company is shifting its strategy toward joint development and development management agreements for its land parcels rather than outright sales. This allows for shared risk and leveraging external expertise to complete residential and commercial projects.
Products & Services
Final products include residential apartments, commercial office spaces, hotel rooms, and resort services.
Brand Portfolio
Prajay Engineers Syndicate Limited.
Market Expansion
The company is focused on the Indian real estate sector, which it believes will emerge stronger with adequate regulatory support.
Strategic Alliances
The company utilizes joint operations and associates for development projects, though specific partner names for new JVs were not listed in the provided text.
External Factors
Industry Trends
The Indian real estate sector is showing growth compared to the previous year, with a trend toward healthier, long-term sustained growth supported by policy and regulatory frameworks.
Competitive Landscape
Competes with other regional and national real estate developers and hospitality chains in the Telangana region.
Competitive Moat
The company's moat is built on its significant land bank and established brand presence in the Hyderabad region, though sustainability is challenged by high debt and consistent losses.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and interest rate cycles, which dictate demand for residential housing and corporate travel for the hospitality segment.
Consumer Behavior
Shift in consumer demand toward branded developers and integrated townships, influencing the company's project planning.
Regulatory & Governance
Industry Regulations
Operations are subject to RERA (Real Estate Regulatory Authority) norms, local building codes, and pollution control standards for construction sites.
Taxation Policy Impact
The company recorded a deferred tax expense of INR 0.59 Cr for H1 FY26. Total deferred tax liabilities stand at INR 17.31 Cr.
Risk Analysis
Key Uncertainties
Key risks include fluctuations in earnings, time and cost overruns on construction contracts, and changes in government policies regarding land development.
Geographic Concentration Risk
High geographic concentration in Hyderabad, Telangana, making the company vulnerable to local economic downturns or regulatory changes in that specific state.
Third Party Dependencies
Dependency on joint development partners and contractors for project execution.
Credit & Counterparty Risk
Exposed to credit risk from trade receivables (INR 14.72 Cr decrease in H1 FY26) and refundable joint development deposits.
