Mid-Small Cap specialist | Equities | India, Nurture Capital Advisory

Nurture Capital Advisory

Mid-Small Cap specialist | Equities | India

Buyside Outfit and Advisory Services

We are a Buyside outfit and also offer Advisory services. Most notes published here are written for our consumption. These notes offer readers a perspective of our approach to scanning sectors and distilling ideas to constructing a bottom-up Equity portfolio. Combining top down and bottom-up approaches to identifying themes/ value stocks at inflexion Sector agnostic | Value oriented - Inflexion approach | Bottom-Up Ideas Biased towards Sustainability, ESG Team is Wall Street Journal, ET Now - Star mine Lipper, Asia money rated.

Equity Bottom-Up

<ul>
<li>Robust medium-term earnings growth, softness in commodities to ease margin pressure.</li>
<li>Beneficiary of new energy capex, likely blending of Compressed Biogas with CNG furthers capex outlook.</li>
<li>Stock has corrected 45% from peak, valuations turn more reasonable.</li>
</ul>


Robust medium-term earnings growth, softness in commodities to ease margin pressure.
Beneficiary of new energy capex, likely blending of Compressed Biogas with CNG furthers capex outlook.
Stock has corrected 45% from peak, valuations turn more reasonable.


Praj Industries: Today’s Unimaginable Is Tomorrows Conventional Wisdom

Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Forensic Accounting

<p><a href="https://www.smartkarma.com/entities/praj-industries-ltd" target="_blank" data-smartkarma-citation="entities:13831:1" rel="noopener">Praj Industries (PRJ IN)</a> operational performance remains subdued, with the company reporting a growth in its revenue only two out of the past five years.  </p><p>Given the large scale of operations and no debt on its balance sheet size, there is no major pressure on the survival. However, there appears to be inefficient asset allocation coupled with questionable earning and asset quality. Further, the profitability margins have been inconsistent over time and depict a distorted picture. </p>

Praj Industries (PRJ IN) operational performance remains subdued, with the company reporting a growth in its revenue only two out of the past five years.  Given the large scale of operations and no debt on its balance sheet size, there is no major pressure on the survival. However, there appears to be inefficient asset allocation coupled with questionable earning and asset quality. Further, the profitability margins have been inconsistent over time and depict a distorted picture. 

India

Praj Industries Limited is an engineering firm that provides solutions for distillery and brewery wastewater treatment and utilization. The Company's fermentation systems include technology packages for multiple feedstock including cane molasses, cane juice and filtrate, starch based raw material like corn, sorghum, wheat, tapioca and tropical sugarbeet.

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Praj Industries (PRJ IN)

Praj Industries: Today’s Unimaginable Is Tomorrows Conventional Wisdom

Praj is beneficiary of new energy capex, blending of CBG with CNG furthers scope, with stock correcting 45% from peak, valuations are turning...

Nurture Capital Advisory

Forensic Analysis: Praj Industries

There is no major pressure on the survival. However, there appears to be inefficient asset allocation coupled with questionable earning and asset...

Nitin Mangal

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