BBajel ProjectsExecutive Cockpit

Strategy & Goals

Bajel's stated priorities — the four strategic pillars — turned into measurable goals, each owned and wired to the view that moves it.

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

7 of 10 goals are on track at 73% average progress to target, but 3 are behind — concentrated in Margin Expansion & Commodity Discipline, Working-Capital & Balance-Sheet Discipline. Pull the laggards back to plan before they break the 10-goal pillar thesis.

7 of 10 goals on track · 73% avg progress to target · 3 behind

Do now — ranked by urgency
  1. 1
    Recover "Turn free cash flow positive"Act now
    Why it matters

    Free Cash Flow sits at ₹-90 Cr vs a ₹50 Cr target (0% of plan) — a core pillar off trajectory.

    What's driving it
    • Free Cash Flow ₹-90 Cr → ₹50 Cr target
    • Pillar: Working-Capital & Balance-Sheet Discipline · status Behind
    FYI
    • Owner: Nitesh Bhandari
    • Furthest from target of all goals
  2. 2
    Recover "Expand EBITDA margin 4.4%→6%"Watch
    Why it matters

    EBITDA margin sits at 4.4% vs a 6% target (73% of plan) — a core pillar off trajectory.

    What's driving it
    • EBITDA margin 4.4% → 6% target
    • Pillar: Margin Expansion & Commodity Discipline · status Behind
    FYI

    Owner: Nitesh Bhandari

  3. 3
    Recover "Cut debtor days 214→170"Watch
    Why it matters

    Debtor Days sits at 214d vs a 170d target (79% of plan) — a core pillar off trajectory.

    What's driving it
    • Debtor Days 214d → 170d target
    • Pillar: Working-Capital & Balance-Sheet Discipline · status Behind
    FYI

    Owner: Head — Treasury & Investor Relations

Profitable order-book growthStep 1 of 7 · the four pillars & OKRs the plan rests onValue Creation PlanAll journeys
🌐 Enterprise 360 modules· on Strategy & GoalsBrowse all 31 views ▾
● LiveBuilt forChairman / Board· are we on our stated planFunction owners· their goal, their numberInvestors· thesis execution & shareholder value

Bajel runs on four strategic pillars — Profitable Order-Book Growth, Margin Expansion & Commodity Discipline, Working-Capital & Balance-Sheet Discipline and Capability, International & New Energies. This is the layer that connects all 10 goals to the views: every objective has an owner, a target, a live number, and a one-click path to act.

Data backing: goal (OKRs) · live KPIs from every 360 · Bajel strategy (public) · value-creation plan
10
Goals tracked
across 4 pillars + growth
7
On track
at/above target trajectory
3
Behind
need attention
73%
Avg progress to target
weighted equally
The four pillars

Bajel's core priorities

Profitable Order-Book Growth · Margin Expansion & Commodity Discipline · Working-Capital & Balance-Sheet Discipline · Capability, International & New Energies — the engine of the strategy.

Profitable Order-Book GrowthOn track
Grow order book to ₹4,500 Cr
Order Book₹4,055 Cr ₹4,500 Cr
Head — Business Development & Tenderingopen →
Profitable Order-Book GrowthOn track
Convert the ₹15,000 Cr bid pipeline (order inflow)
Order Inflow₹3,250 Cr ₹3,600 Cr
Rajesh Ganeshopen →
Profitable Order-Book GrowthOn track
Lift order-book cover
Order-book cover145% 150%
Head — Business Development & Tenderingopen →
Margin Expansion & Commodity DisciplineBehind
Expand EBITDA margin 4.4%→6%
EBITDA margin4.4% 6%
Nitesh Bhandariopen →
Margin Expansion & Commodity DisciplineOn track
Hedge steel / zinc & apply price-escalation clauses
Contribution margin11% 13%
Chief Procurement Officer (Steel / Zinc / Conductors)open →
Working-Capital & Balance-Sheet DisciplineBehind
Cut debtor days 214→170
Debtor Days214d 170d
Head — Treasury & Investor Relationsopen →
Working-Capital & Balance-Sheet DisciplineBehind
Turn free cash flow positive
Free Cash Flow₹-90 Cr ₹50 Cr
Nitesh Bhandariopen →
Working-Capital & Balance-Sheet DisciplineOn track
Hold conservative leverage under the ~3.0× ceiling
Net debt / EBITDA1.3x 1x
Nitesh Bhandariopen →
Capability, International & New EnergiesOn track
Build 765 kV AIS/GIS & data-centre substation share
Substation & GIS mix18% 30%
President — Power Transmissionopen →
Capability, International & New EnergiesOn track
Grow international & New-Energies order book
Order-book YoY growth15% 18%
Head — International & New Energiesopen →