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Bajaj Steel Inds. Overview

Bajaj Steel Industries Ltd is a cotton ginning and pressing equipment producer in India. It is also engaged in processing, manufacturing, selling master batches. The Company operates thru 2 segments: metallic & associated merchandise and plastic & related merchandise. It manufactures delinting and decorticating equipment, electric panels, mechanical conveyors and elevators, pneumatic conveying, dirt/waste handling structures, humidification systems, hydraulic cylinders, energy packs and manifolds for various applications. It affords structural ...Read More

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Bajaj Steel Inds. Key Financials

Market Cap ₹943 Cr.

Stock P/E 11.2

P/B 2.2

Current Price ₹453.5

Book Value ₹ 201.9

Face Value 5

52W High ₹795

Dividend Yield 0.22%

52W Low ₹ 302

Bajaj Steel Inds. Share Price

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Volume
Price

Bajaj Steel Inds. Quarterly Price

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Bajaj Steel Inds. Peer Comparison

Bajaj Steel Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 153 126 174 141 152 138 154 108 175 125
Other Income 1 1 12 3 2 2 6 1 2 4
Total Income 154 127 186 144 154 140 160 109 176 129
Total Expenditure 128 109 148 119 127 117 129 94 143 116
Operating Profit 26 18 38 24 27 22 31 15 33 13
Interest 1 1 2 1 1 1 1 1 1 1
Depreciation 2 3 5 3 3 3 6 4 4 4
Exceptional Income / Expenses 0 0 0 27 0 0 0 0 0 0
Profit Before Tax 23 13 31 47 23 18 23 10 28 8
Provision for Tax 6 3 8 12 6 5 5 3 7 2
Profit After Tax 17 10 23 35 17 14 18 7 21 6
Adjustments -0 0 -0 0 0 -0 0 0 -0 0
Profit After Adjustments 17 10 23 35 17 14 18 7 21 6
Adjusted Earnings Per Share 8.2 4.8 10.8 16.9 8.4 6.6 8.7 3.6 10.2 2.8

Bajaj Steel Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 336 308 243 248 377 415 511 437 549 551 585 562
Other Income 4 7 3 4 5 9 10 13 14 16 12 13
Total Income 340 315 246 251 382 424 521 450 564 567 597 574
Total Expenditure 318 298 241 226 346 377 418 385 457 470 492 482
Operating Profit 22 16 5 25 36 47 103 65 106 96 105 92
Interest 9 9 9 9 10 9 9 8 7 5 5 4
Depreciation 13 11 8 6 4 6 7 9 10 12 15 18
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 5 0 27 0
Profit Before Tax 1 -4 -12 10 23 32 87 49 94 80 112 69
Provision for Tax 2 -1 -3 -1 9 8 21 12 26 21 28 17
Profit After Tax -1 -3 -9 11 14 24 66 36 68 59 84 52
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 -3 -9 11 14 24 66 36 68 59 84 52
Adjusted Earnings Per Share -0.5 -1.5 -4.8 6.1 7.3 12.6 31.5 17.5 32.5 28.4 40.5 25.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 10% 7% 6%
Operating Profit CAGR 9% 17% 17% 17%
PAT CAGR 42% 33% 28% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -37% 13% 29% 37%
ROE Average 23% 24% 28% 16%
ROCE Average 28% 29% 32% 21%

Bajaj Steel Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 67 65 56 68 81 102 171 207 274 332 387
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 33 38 36 30 34 37 34 27 9 19 23
Other Non-Current Liabilities 3 3 -2 -4 1 5 8 11 8 10 11
Total Current Liabilities 128 132 112 118 139 121 152 147 157 203 183
Total Liabilities 232 238 202 213 255 265 365 391 448 564 604
Fixed Assets 54 52 45 51 54 72 80 86 111 185 218
Other Non-Current Assets 13 17 16 4 5 3 5 18 27 20 27
Total Current Assets 164 170 141 158 195 190 280 287 310 359 359
Total Assets 232 238 202 213 255 265 365 391 448 564 604

Bajaj Steel Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 31 26 24 18 26 28 40 99 138 90 98
Cash Flow from Operating Activities -5 10 -7 6 14 41 89 55 27 55 52
Cash Flow from Investing Activities -14 -10 -0 2 -7 -21 -12 -20 -52 -66 -38
Cash Flow from Financing Activities 14 -2 1 0 -5 -8 -19 4 -22 19 -26
Net Cash Inflow / Outflow -5 -2 -7 9 2 12 59 39 -47 8 -12
Closing Cash & Cash Equivalent 26 24 18 26 28 40 99 138 90 98 86

Bajaj Steel Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.53 -1.53 -4.8 6.09 7.29 12.58 31.54 17.54 32.45 28.37 40.55
CEPS(Rs) 6.13 4.56 -0.34 9.2 9.32 15.89 34.93 21.85 37.19 34.09 47.73
DPS(Rs) 0.5 0 0 0.38 0.5 0.5 0.75 0.5 0.75 0.75 1
Book NAV/Share(Rs) 35.89 34.31 29.62 36.36 42.94 54.23 82.42 99.43 131.53 159.68 186.26
Core EBITDA Margin(%) 4.7 2.82 0.69 8.8 8.28 9.07 18.14 11.89 16.77 14.61 15.89
EBIT Margin(%) 2.51 1.48 -1.16 7.88 8.61 9.73 18.78 12.88 18.43 15.29 20
Pre Tax Margin(%) 0.2 -1.11 -4.59 4.23 6.03 7.64 17.02 11.15 17.12 14.45 19.14
PAT Margin (%) -0.27 -0.86 -3.41 4.62 3.64 5.7 12.84 8.35 12.29 10.71 14.42
Cash Profit Margin (%) 3.12 2.54 -0.24 6.99 4.65 7.21 14.22 10.4 14.09 12.87 16.98
ROA(%) -0.44 -1.23 -4.1 5.52 5.87 9.1 20.84 9.65 16.09 11.66 14.44
ROE(%) -1.46 -4.37 -15.02 18.46 18.39 25.88 47.99 19.3 28.1 19.49 23.44
ROCE(%) 6.44 3.36 -2.18 13.63 21.25 24.62 48.77 23.16 35.26 24.13 27.95
Receivable days 45.64 51.52 60.74 67.11 50.69 46.89 42.65 38.22 20.47 29.09 30.33
Inventory Days 64.37 77.62 91.71 84.76 65.25 67.1 54.19 70.9 66.16 82.38 92.18
Payable days 72.26 93.61 116.76 84.4 58.81 70.5 92.53 99.15 93.17 103.86 100.39
PER(x) 0 0 0 3.65 4.57 1.63 3.4 9.01 8.22 10.14 17.44
Price/Book(x) 0.58 0.53 0.6 0.61 0.78 0.38 1.3 1.59 2.03 1.8 3.8
Dividend Yield(%) 2.41 0 0 1.69 1.5 2.45 0.7 0.32 0.28 0.26 0.14
EV/Net Sales(x) 0.29 0.29 0.4 0.39 0.29 0.16 0.34 0.58 0.91 1.03 2.48
EV/Core EBITDA(x) 4.45 5.51 18.26 3.81 3.03 1.46 1.7 3.85 4.72 5.88 13.78
Net Sales Growth(%) -18.94 -8.26 -21.15 2 52.17 10.02 23.26 -14.5 25.69 0.33 6.14
EBIT Growth(%) -61.65 -46.4 -161.84 733.46 66.38 24.29 137.86 -41.34 79.81 -16.76 38.79
PAT Growth(%) -109.54 -186.74 -213.13 226.85 19.74 72.45 177.46 -44.37 84.98 -12.58 42.9
EPS Growth(%) -109.54 -186.74 -213.13 226.85 19.74 72.45 150.78 -44.37 84.98 -12.58 42.9
Debt/Equity(x) 1.25 1.25 1.46 1.19 0.93 0.68 0.29 0.28 0.13 0.17 0.16
Current Ratio(x) 1.28 1.28 1.26 1.33 1.4 1.57 1.85 1.95 1.97 1.77 1.97
Quick Ratio(x) 0.75 0.71 0.74 0.85 0.85 0.95 1.34 1.32 1.3 1.07 1.13
Interest Cover(x) 1.09 0.57 -0.34 2.16 3.33 4.65 10.7 7.43 14.02 18.14 23.4
Total Debt/Mcap(x) 2.16 2.36 2.45 1.94 1.2 1.81 0.23 0.17 0.07 0.09 0.04

Bajaj Steel Inds. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 47.78 48.39 48.27 48.27 48.27 48.27 48.27 48.27 56.62 56.62
FII 0.07 0.07 0.07 0.16 0.08 0.07 0.15 0.06 0.04 0.04
DII 0 0 0 0 0 0.08 0.01 0.01 0.01 0.01
Public 52.16 51.54 51.66 51.57 51.65 51.59 51.57 51.67 43.34 43.34
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Bajaj Steel Inds. News

Bajaj Steel Inds. Pros & Cons

Pros

  • Company has delivered good profit growth of 28% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 103.86 to 100.39days.
  • Company is almost debt free.

Cons

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