BBajel ProjectsExecutive Cockpit

Org Roll-up 360

One additive tree — Geography → Segment → Site — scoped to your role, with live revenue, order backlog and the data-grain that says how far you can trust each number.

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
Executive read· the answer, then the moves

The footprint rolls up to 13 sites across 10 capability lines, but the build-out isn't finished: ~₹193 Cr of untapped margin is still locked in 4 mid-build capability lines and ₹1,920 Cr of order pipeline is in play. Point the org at capturing the higher-value scope and growing the order book.

4 of 4 headline metrics improving vs prior · still off target: Revenue (FY26) ₹2,792 Cr vs ₹3,200 Cr, Order Book ₹4,055 Cr vs ₹4,500 Cr, PAT (Net Profit) ₹27 Cr vs ₹45 Cr

Do now — ranked by urgency
  1. 1
    Capture the ~₹193 Cr of untapped marginWatch
    Why it matters

    4 capability lines are mid-build, led by 765 kV Transmission Lines at ~₹161 Cr of untapped EBITDA — margin that only lands as the capability scales and higher-value scope is won.

    What's driving it
    • ~₹193 Cr untapped across 4 in-flight capability builds
    • 765 kV Transmission Lines: 90% built · capture 82%
    FYI

    13 sites across 10 capability lines rolled up additively

  2. 2
    Order-book lumpiness (honest Mar-25 dip)Watch
    Why it matters

    Convert the ₹15,000 Cr bid pipeline; diversify beyond PGCIL into private / data-centre / international.

    What's driving it
    • Order Book
    • Signal: Alert
    FYI

    Order book dipped to ₹2,984 Cr (Mar-25) before recovering to ₹4,055 Cr (Jun-26) — inflow is lumpy, not straight-line.

  3. 3
    Harvest the ₹1,920 Cr of order pipelineOpportunity
    Why it matters

    ₹1,920 Cr of cross-capability / order-book whitespace sits across the site base; PGCIL 765 kV D/C TBCB line package (Power Transmission (Lines & Substations ≤765 kV), ₹450 Cr) leads the queue.

    What's driving it
    • ₹1,920 Cr order pipeline in play
    • Top opportunity PGCIL 765 kV D/C TBCB line package at ₹450 Cr (55%)
    FYI

    5 external demand signals tracked

  4. 4
    Order book at all-time high ₹4,055 CrOpportunity
    Why it matters

    Execute on schedule and protect margin against commodity swings.

    What's driving it
    • Order Book
    • Signal: Alert
    FYI

    Order book +15% YoY; 82% transmission; book-to-bill ~1.45× — a strong forward-work runway.

💎 Equity story & re-ratingStep 3 of 7 · footprint & the data grainCompany HierarchyValue Creation PlanAll journeys
🌐 Enterprise 360 modules· on Org Roll-up 360Browse all 31 views ▾
● LiveBuilt forChairman / Board· roll the whole footprint up or down by any unitGeography Head / Segment President· their slice, ranked against peersFinance / Project Controls· which rupees are actual vs still SAP-allocated

The roll-up lens, made operable. Pick the role you're signed in as and the tree opens at your scope; every level sums additively from the site grain. The Bajel twist: each site is tagged site-grain actual, SAP-allocated, or region-only estimate — so the headline isn't just the number, it's how much of it you can bank. Capability lines carry their segment, build state and contribution straight from the registry.

Data backing: site (revenue · order backlog · plant/site assets · data grain · coverage) · capability registry (→ segment, build status, contribution) · org (leadership)
Access-scoped · additive · live ₹

Walk the org from any altitude

Set an access level, drill the tree, rank sites within a cohort, and see who owns each unit — each site links to its Project Sites & Execution 360, each capability to its Segments & Capabilities 360.

● Live ₹Signed in as Chairman / Board — scope:All geographies· 13 sites in view4 at-risk
Revenue
₹2,792 Cr
13 sites · FY26
Order backlog
₹4,055 Cr
145% of revenue
Contribution ~11%
₹307 Cr
modeled blended contribution
Plant / site assets
361
fabrication / galvanizing / erection / testing
Site-grain coverage
8361%
trust as actuals
Newer-capability share
19%
₹530 Cr from newer capability lines
Where this revenue is booked₹1,160 Cr actual · ₹1,632 Cr estimated
₹1,160 Cr
₹1,312 Cr

42% is site-grain actual; the rest is SAP-allocated from area/region postings while the S/4 cutover completes — shown as an estimate, reconciled to the geography total.

Peer cohort leaderboard
Group by
Sites
3
Revenue
₹900 Cr
Backlog
₹1,305 Cr
Coverage
9004%
#SiteSite-grain coverageGrain
1Ranjangaon MIDC Plant (fabrication & galvanizing), MH · Galvanizing Services96%Actuals
2Maharashtra T&D projects (Pune 765 kV AIS · Karjat / Lonikand), MH · 765 kV AIS Substations92%Actuals
3Gujarat & MP transmission lines, GJ · 765 kV Transmission Lines82%Allocated
Who owns thisGeography · West (Maharashtra · Gujarat · MP)
Chairman
Shekhar Bajaj — Chairman (Non-Executive)
Open Segments & Capabilities 360 →
Org roll-up · Chairman / Board viewClick a row to see its owners · Geography → Segment → Site
Geography · Segment · SiteRevenueBacklogContrib ~11%AssetsCoverageHealthGrain / link
(3)32%₹900 Cr₹1,305 Cr₹99 Cr1609004%1/3
(1)13%₹360 Cr₹520 Cr₹40 Cr409200%Segment 360 →
(1)10%₹280 Cr₹405 Cr₹31 Cr308200%1/1Segment 360 →
(1)9%₹260 Cr₹380 Cr₹29 Cr909600%Segment 360 →
(3)26%₹720 Cr₹1,040 Cr₹79 Cr808369%1/3
(1)11%₹300 Cr₹435 Cr₹33 Cr359000%1/1Segment 360 →
(1)9%₹250 Cr₹360 Cr₹28 Cr258000%Segment 360 →
(1)6%₹170 Cr₹245 Cr₹19 Cr207800%Segment 360 →
(3)20%₹560 Cr₹815 Cr₹62 Cr658607%
(1)9%₹240 Cr₹350 Cr₹26 Cr289000%Segment 360 →
(1)7%₹200 Cr₹290 Cr₹22 Cr228500%Segment 360 →
(1)4%₹120 Cr₹175 Cr₹13 Cr158000%Segment 360 →
(2)16%₹452 Cr₹655 Cr₹50 Cr487598%2/3
(2)10%₹292 Cr₹425 Cr₹32 Cr327926%1/2Segment 360 →
(1)6%₹160 Cr₹230 Cr₹18 Cr167000%1/1Segment 360 →
(1)6%₹160 Cr₹240 Cr₹18 Cr86000%
(1)6%₹160 Cr₹240 Cr₹18 Cr86000%Segment 360 →
Revenue, order backlog and plant/site assets roll up additively (every level = the sum of its children). Coverage is revenue-weighted. A site inherits its segment, build status and contribution from the capability registry; ACT / ALLOC / REGION mark whether a site books at true site grain or is SAP-allocated while the S/4 cutover completes. Each site links to its Project Sites & Execution 360; each capability to its Segments & Capabilities 360.
Where to point the roll-up next

~₹193 Cr untapped margin · ₹1,920 Cr pipeline in play

The build-out isn't finished. Three queues that turn the org tree into a plan: capability lines still scaling, order pipeline, and the external signals pulling demand.

Capability-build whitespace · untapped EBITDA
765 kV Transmission Lines
90% built · capture 82%
~₹161 Cr
In progress
765 kV AIS Substations
85% built · capture 78%
~₹21 Cr
In progress
400 kV GIS Substations
78% built · capture 70%
~₹8 Cr
In progress
Data-Centre GIS Substations
60% built · capture 55%
~₹2 Cr
In progress
Order pipeline · top opportunities
PGCIL 765 kV D/C TBCB line package
Power Transmission (Lines & Substations ≤765 kV) · Develop · 55% · signal-driven
₹450 Cr
Egypt 500 kV OHTL — EETC (ultra-mega export)
International EPC (MENA & Africa) · Proposal · 60% · signal-driven
₹400 Cr
Data-centre 400/220/33 kV GIS substation
Data-Centre GIS Substations · Develop · 55% · signal-driven
₹300 Cr
Adani 400 kV D/C line (private developer)
Power Transmission (Lines & Substations ≤765 kV) · Qualify · 45% · signal-driven
₹300 Cr
Pune 765 kV AIS substation + Karjat / Lonikand bays
765 kV AIS Substations · Proposal · 58%
₹250 Cr
External signals · demand pull
CRISIL upgrades Bajel to A+/Stable (LT); A1 (ST)
High
Exchange/CRISIL · Bajel Projects Limited · 2026-08-07 → stronger order book quality & financial profile; lowers funding cost for WC-heavy growth (Jamnalal Sons backing cited)
Steel & zinc prices firm; management flags FY27 commodity-cost margin pressure
High
News · Steel & zinc (raw material) · 2026-07-28 → fixed-price EPC margins compress unless hedged / escalation clauses apply — the single biggest margin swing factor
Order book hits all-time high ₹4,055 Cr (30-Jun-2026)
High
News · Order Book · 2026-07-10 → Q1 FY27 inflow ~₹1,098 Cr; book-to-bill ~1.4–1.5×; honest Mar-25 dip to ₹2,984 Cr shows lumpiness
PGCIL / NEP transmission capex ramp; TBCB tenders accelerate
High
News · Power Grid Corp (PGCIL) · 2026-06-20 → multi-year T&D supercycle; Bajel one of 7 empanelled for 765 kV TBCB pan-India (also = concentration risk)
Egypt 500 kV EETC order — first ultra-mega international win (~₹400 Cr)
High
News · International EPC (MENA & Africa) · 2026-05-15 → MENA internationalisation axis opens (Egypt / Saudi 50:50 JV / UAE WOS)