Going Green: How Praj Industries Gave 3,02,733% Returns

Published by Trinkerr Academy on

If you had โ‚น1 lakh invested in Praj Industries in October 2002, you could have had โ‚น32.45 crores today! This multibagger grew by 3027x in 20 years and gave its investors โ‚น30,27,33,031 in profits and โ‚น2,17,81,882 in dividends. Here’s a quick look at the company.

๐Ÿƒ Stock: Praj Industries Ltd.

โ˜€๏ธ The Beginning
Formed in 1983, Praj Industries is an Indian gem in the field of bio-based technologies and engineering. It began its journey as a supplier of ethanol plants. Today, it provides solutions with a focus on the environment, energy and agri-process industry.

The product portfolio is diversified into:
โšก Bioenergy: 71%
โšก High Purity Systems: 9%
โšก Engineering Products: 20%

๐ŸŒ Global Presence
It has a presence across the globe with 750+ references in more than 75 countries. It has 4 manufacturing facilities in India with global offices in Thailand, the Philippines and the USA.

๐Ÿ‘จ๐Ÿผโ€๐Ÿ”ฌ R&D and Innovation
In March 2022, Praj Industries commissioned India’s first 2nd generation (2G) ethanol plant for Indian Oil at its Panipat facility. Praj Matrix, its R&D centre, is responsible for the innovation of its business units. It has 16 labs and 90+ PhD holders and technologists. The centre is also responsible for improving the 2G technology further. Till FY22, it has filed for 300+ patents, out of which 24 Indian and 60 international patents have been granted.

๐Ÿ’ฐ Stock Value
๐Ÿ’ต Praj Industries had 2 stock splits and 1 bonus issue:
๐Ÿ“… On August 17, 2005, the stock split in the ratio of 10:2 (47619 x 5)
๐Ÿ“… On August 17, 2005, a bonus issue in the ratio of 1:1 (47619 x 2)
๐Ÿ“… On July 18, 2007, a bonus issue in the ratio of 1:1 (3,33,333 x 2)

The effective number of shares went from 47,619 to 6,66,666.

๐Ÿ’ต On October 11, 2002, the shares of the company were trading at โ‚น2.10, while they were priced at โ‚น454.10 as of October 10, 2022.


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