B

Bajel Projects Ltd
NSE:BAJEL

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Bajel Projects Ltd
NSE:BAJEL
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Price: 184.63 INR 2.18% Market Closed
Market Cap: ₹21.4B

EV/EBITDA

24.6
Current
91%
Cheaper
vs 3-y average of 288.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
24.6
=
Enterprise Value
₹17.2B
/
EBITDA
₹812.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
24.6
=
Enterprise Value
₹17.2B
/
EBITDA
₹812.6m

Valuation Scenarios

Bajel Projects Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (288.4), the stock would be worth ₹2 165.19 (1 073% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-28%
Maximum Upside
+1 073%
Average Upside
524%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 24.6 ₹184.63
0%
3-Year Average 288.4 ₹2 165.19
+1 073%
5-Year Average 288.4 ₹2 165.19
+1 073%
Industry Average 18.9 ₹142.03
-23%
Country Average 17.7 ₹132.56
-28%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹17.2B
/
Jan 2026
₹812.6m
=
24.6
Current
₹17.2B
/
Mar 2026
₹1.2B
=
14.5
Forward
₹17.2B
/
Mar 2027
₹2B
=
8.7
Forward
₹17.2B
/
Mar 2028
₹3.1B
=
5.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Bajel Projects Ltd
NSE:BAJEL
21.4B INR 24.6 194.9
US
GE Vernova LLC
NYSE:GEV
308.8B USD 0 0
UK
Eight Capital Partners PLC
F:ECS
158.4B EUR 0 0
US
China Industrial Group Inc
OTC:CIND
121B USD 3 417.4 4 020.7
NL
Nepi Rockcastle NV
JSE:NRP
102.4B ZAR 14.3 10.6
US
Fintech Ecosystem Development Corp
NASDAQ:FEXD
68.5B USD -18 116.9 38 690
US
CoreWeave Inc
NASDAQ:CRWV
55.3B USD 0 0
CH
Galderma Group AG
SIX:GALD
37.6B CHF 0 0
US
Symbotic Inc
NASDAQ:SYM
35.8B USD -4 348.4 -3 284.6
US
Coupang Inc
F:788
31.5B EUR 31.9 174.3
ZA
Vukile Property Fund Ltd
JSE:VKE
30.1B ZAR 17.6 6.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
B
Bajel Projects Ltd
NSE:BAJEL
Average EV/EBITDA: 701.2
24.6
190%
0.1
US
G
GE Vernova LLC
NYSE:GEV
Not Available
65%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
3 417.4
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
14.3
7%
2
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
Negative Multiple: -18 116.9 N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available
111%
N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
29%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -4 348.4 N/A N/A
US
Coupang Inc
F:788
31.9
49%
0.7
ZA
V
Vukile Property Fund Ltd
JSE:VKE
17.6
12%
1.5
P/E Multiple
Earnings Growth PEG
IN
B
Bajel Projects Ltd
NSE:BAJEL
Average P/E: 7 182.9
194.9
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.6
1%
10.6
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 690
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 284.6 N/A N/A
US
Coupang Inc
F:788
174.3
96%
1.8
ZA
V
Vukile Property Fund Ltd
JSE:VKE
6.9
-5%
N/A

Market Distribution

In line with most companies in India
Percentile
66th
Based on 2 785 companies
66th percentile
24.6
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Bajel Projects Ltd
Glance View

Market Cap
21.4B INR
Industry
N/A

Bajel Projects Ltd is a IN-based company operating in industry. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-12-19. Bajel Projects Ltd is an electric power distributor. The firm was founded in January 2022 and is located in Mumbai, India.

BAJEL Intrinsic Value
203.69 INR
Undervaluation 9%
Intrinsic Value
Price ₹184.63
B
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