CFO Scenario Planner

Model the value-creation levers on profit, cash, leverage, covenant and equity value for Bajel Projects — then run an agentic, web-grounded stress-test that benchmarks the plan against live Indian T&D EPC multiples, steel & zinc prices, repo/MCLR rates and order-book growth.

Bajel Projects Limited · FY26 (Mar'26, standalone audited anchor)

Bajaj Group's power-transmission & distribution EPC and tower/monopole manufacturing arm

1,400 employees · 1+ plants & units · 6 export markets

Scenarios

Pull the levers

Collect faster (debtor days)6d

One-time working-capital release from the 214-day book+₹45.9 Cr cash

Extend payables (DPO)4d

One-time, on project cost — pay subcontractors to terms+₹27.2 Cr cash

Lift higher-margin mix (mfg · GIS · international)3pt

Shift toward manufacturing / GIS / substations (~2.5pt premium)+₹2.1 Cr EBITDA

Win new orders (bid pipeline → book)25%

of ₹900 Cr convertible pipeline → ₹225.0 Cr rev+₹15.8 Cr EBITDA

Operational / overhead gains1pt

Operating leverage · galvanizing utilization · execution discipline+₹30.2 Cr EBITDA

EV / EBITDA multiple19x

Valuation lens — the agent benchmarks this vs Indian T&D EPC peers (listed ~19×)

The agent plans searches, queries DuckDuckGo for live T&D EPC sector multiples, steel & zinc prices, repo/MCLR rates and order-book growth, then stress-tests your scenario against Bajel's record and the market. Illustrative model on real FY26 baseline figures.

Equity value (shareholder value)

₹3.20k Cr+₹985 Cr

from ₹2.21k Cr · EV ₹3.29k Cr at 19× − net debt ₹89 Cr

Cash freed

₹73 Cr

one-time · −6d DSO, +4d DPO

Baseline → scenariocovenant headroom 2.48x

Metric	Today		Scenario	Δ
Revenue	₹2.79k Cr	→	₹3.02k Cr
Adj. EBITDA	₹125 Cr	→	₹173 Cr	+₹48 Cr
EBITDA margin	4.4%	→	5.7%	+1.3pt
Order-book cover	145%	→	142%
Free cash flow	₹-90 Cr	→	₹14 Cr	+₹104 Cr
Net leverage	1.30x	→	0.52x	-0.78x
Enterprise value	₹2.38k Cr	→	₹3.29k Cr
Equity value	₹2.21k Cr	→	₹3.20k Cr	+₹985 Cr

Leverage vs 3x covenant

scenario 0.52xtoday 1.30x (line)