Bajel ProjectsNSE:BAJEL -1.34%23 WACC % is 13.88% as of Jul. 07, 2026, which is 1% above its 10-year median of 13.69. GuruFocus rates NSE:BAJEL with a GF Score™ of 23/100. The stock has 2 warning signs investors should review. Among 512 Utilities - Regulated companies, Bajel Projects ranks worse than 96.48% on this metric.
As of today (2026-07-07), Bajel Projects's weighted average cost of capital is 13.88%%. Bajel Projects's ROIC % is 4.80% (calculated using TTM income statement data).
Bajel Projects earns returns that do not match up to its cost of capital. It will destroy value as it grows.
*Note: The beta of this company cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
For a comprehensive WACC calculation, please access the WACC Calculator.
Bajel Projects (NSE:BAJEL) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Bajel Projects's weighted average cost of capital is 13.88%%. Bajel Projects's ROIC % is 4.80% (calculated using TTM income statement data).
Bajel Projects earns returns that do not match up to its cost of capital. It will destroy value as it grows.
*Note: The beta of this company cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
Related Terms
Bajel Projects WACC % Historical Data
* Premium members only.
The historical data trend for Bajel Projects's WACC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Electric subindustry, Bajel Projects's WACC %, along with its competitors' market caps and WACC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bajel Projects WACC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Bajel Projects's WACC % distribution charts can be found below:
* The bar in red indicates where Bajel Projects's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, Bajel Projects's market capitalization (E) is ₹21704.745 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, Bajel Projects's latest one-year quarterly average Book Value of Debt (D) is ₹2065.4757 Mil.
a) weight of equity = E / (E + D) = 21704.745 / (21704.745 + 2065.4757) = 0.9131
b) weight of debt = D / (E + D) = 2065.4757 / (21704.745 + 2065.4757) = 0.0869
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 7.02%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. Bajel Projects's beta cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 7.02% + 1 * 6% = 13.02%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Mar. 2026, Bajel Projects's interest expense (positive number) was ₹634.247 Mil. Its total Book Value of Debt (D) is ₹2065.4757 Mil.
Cost of Debt = 634.247 / 2065.4757 = 30.7071%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 69.027 / 271.794 = 25.4%.
Bajel Projects's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.9131
*
13.02%
+
0.0869
*
30.7071%
*
(1 - 25.4%)
=
13.88%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bajel Projects (NSE:BAJEL) has a WACC % of 13.88% as of Jul. 07, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Bajel Projects and its competitors. This is near median its historical median of 13.69. Over the past decade, Bajel Projects' WACC % has ranged from 13.58 to 14.00. According to the industry distribution chart, Bajel Projects ranks #494 out of 512 companies in the Utilities - Regulated industry, placing it in the top 96.5%.
Is Bajel Projects' WACC % too high?
Bajel Projects' current WACC % of 13.88% is near median its 10-year median of 13.69. Over the past 10 years, this metric has ranged from a low of 13.58 to a high of 14.00. The Utilities - Regulated industry median WACC % is 5.98. Bajel Projects' value of 13.88% is 132.1% above this industry median. Based on the distribution chart, Bajel Projects ranks #494 out of 512 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Bajel Projects has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Bajel Projects' WACC % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Bajel Projects ranks #494 out of 512 companies for WACC %. This places Bajel Projects in the lower half of its industry. The industry median WACC % is 5.98. Bajel Projects' value of 13.88% is 132.1% above this benchmark. Historically, Bajel Projects' own WACC % has ranged from 13.58 to 14.00 over the past decade. While the company's 10-year median is 13.69 vs. the industry median of 5.98, Bajel Projects has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good WACC % for an Utilities - Regulated company?
The median WACC % among Utilities - Regulated companies is 5.98, based on 512 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bajel Projects's current WACC % of 13.88% is 132.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Bajel Projects and its competitors. For the Utilities - Regulated industry, the median WACC % is 5.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajel Projects's current WACC % is 13.88%, which is near median its own 10-year median of 13.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajel Projects stock overvalued right now?
Bajel Projects (NSE:BAJEL) has a current WACC % of 13.88%. The current WACC % is 13.88%, which is near median its 10-year median of 13.69 and 132.1% above the Utilities - Regulated industry median of 5.98. Bajel Projects' overall GF Score™ is 23/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For Bajel Projects (NSE:BAJEL), the current WACC % is 13.88% as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Bajel Projects Ltd is a Superior company in the business of four main segments, which are Power Transmission, Power Distribution, Monopoles and International Business. It is known for its project management skills and driving operations excellence, making it a preferred partner for several states, international governments, and private infrastructural projects. The company also provides services for the manufacturing & installation of Monopoles, Lattice Structures, Lighting Poles & Masts and Galvanizing services.
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