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BSE: 507944 | NSE: | Engineering - Industrial Equipments | Small Cap
1. Is Bajaj Steel Industries Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Steel Industries Ltd is a average quality company.
2. Is Bajaj Steel Industries Ltd undervalued or overvalued?
The key valuation ratios of Bajaj Steel Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Bajaj Steel Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bajaj Steel Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 13.4% | 5.6% | 2.7% | -2% | 10.3% | 9.9% | 14.5% | 33.7% | 15.9% | 19.5% | - | ||
| Value Creation Index ⓘ | 0.0 | -0.6 | -0.8 | -1.1 | -0.3 | -0.3 | 0.0 | 1.4 | 0.1 | 0.4 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 407 | 335 | 284 | 211 | 234 | 333 | 390 | 483 | 412 | 474 | 483 | ||
| YoY Gr. Rt. % | - | -17.7% | -15.2% | -25.6% | 11% | 41.9% | 17.2% | 23.9% | -14.6% | 14.9% | - | ||
| Adj EPS ⓘ | 25.5 | 4.8 | -4.2 | -19.5 | 18.8 | 18.1 | 36.6 | 109.7 | 59.7 | 89.8 | 112.6 | ||
| YoY Gr. Rt. % | - | -81.4% | -187.8% | NA | NA | -3.6% | 102.1% | 199.8% | -45.6% | 50.5% | - | ||
| BVPS (₹) ⓘ | 153.5 | 154.6 | 150.6 | 130.7 | 151.2 | 167 | 204.9 | 306.5 | 367.2 | 474.2 | 484.5 | ||
| Adj Net Profit ⓘ | 12 | 2.2 | -2 | -9.2 | 8.8 | 8.5 | 17.2 | 57 | 31 | 46.7 | 59 | ||
| Cash Flow from Ops. ⓘ | 5.2 | -1.1 | 6.4 | -2.3 | 1.7 | 14.8 | 38.7 | 83.6 | 41.4 | 15.7 | - | ||
| Debt/CF from Ops. ⓘ | 12.8 | -75.6 | 12.5 | -35 | 48 | 5.1 | 1.8 | 0.6 | 1.4 | 2.3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 1.7% | 15.1% | 6.7% | 14.9% | ||||||||
| Adj EPS ⓘ | 15% | 36.8% | 34.9% | 50.5% | ||||||||
| BVPSⓘ | 13.4% | 25.7% | 32.3% | 29.1% | ||||||||
| Share Price | 42.7% | 54.3% | 73% | 86.9% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 18 | 3.1 | -2.7 | -13.9 | 13.3 | 11.4 | 19.7 | 44.6 | 17.7 | 21.4 | 23.5 | |
| Op. Profit Mgn % ⓘ | 7.4 | 6.3 | 4.4 | 0.2 | 8.3 | 8.4 | 9 | 17.7 | 11.4 | 16.3 | 16.3 | |
| Net Profit Mgn % ⓘ | 2.9 | 0.7 | -0.7 | -4.4 | 3.8 | 2.6 | 4.4 | 11.8 | 7.5 | 9.9 | 12.1 | |
| Debt to Equity ⓘ | 0.9 | 1.2 | 1.1 | 1.3 | 1.1 | 1 | 0.7 | 0.3 | 0.3 | 0.2 | - | |
| Working Cap Days ⓘ | 95 | 129 | 159 | 195 | 177 | 149 | 135 | 113 | 130 | 116 | 0 | |
| Cash Conv. Cycle ⓘ | 42 | 62 | 73 | 89 | 93 | 78 | 62 | 31 | 39 | 31 | 0 | |
Net Profit is growing at healthy rate in last 3 years 34.92%
Sales growth is good in last 4 quarters at 39.00%
Return on Equity has declined versus last 3 years average to 23.50%
Sales growth has been subdued in last 3 years 6.72%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 112.6 | 134.2 |
| TTM Sales (₹ Cr.) | 483 | 539 |
| BVPS (₹.) ⓘ | 484.5 | 544.5 |
| Reserves (₹ Cr.) ⓘ | 249 | 281 |
| P/BV ⓘ | 2.24 | 1.98 |
| PE ⓘ | 9.62 | 8.05 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 530.00 / 1399.00 |
| All Time Low / High (₹) | 0.75 / 1503.10 |
| Market Cap (₹ Cr.) | 563 |
| Equity (₹ Cr.) | 2.6 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Incorporated in 1963 as a private limited company, Bajaj Steel Industries is a dynamic e-commerce company dedicated to providing clients with a full spectrum of Cotton Baling Press and steel industries solutions. The company, promoted by Hargovind Bajaj, was converted into a public limited company in 1985. It made tremendous progress as the manufacturer and exporter of Cotton Baling Press, Double Roller Cotton Gin, Lint Cleaner etc.
The premier IS0/TS 16949 multi-product company is involved in the export of various types of products like Double Roller Ginning Machines, Cotton Boll Openers, Cotton Baling Presses, Pre-Cleaners, Lint Cleaners items etc. The company’s goods are exported worldwide to countries including
Backed by decades of experience and guided by the matchless vision and expertise professionals, Bajaj Industries has always endeavored to offer a number of patented Cotton Ginning Machine. Today Bajaj Steel Industries has become the largest manufacturer of Cotton Baling Press in
Bajaj Steel Industries' steel division is the largest in Double Roller Cotton Ginning Equipments in
Products:
Bajaj Steel Industries is promoted by technically qualified, financially sound and professionally experienced technocrats who crave for innovation and value addition. The experts are well knit, highly motivated professionals, who always encourage initiative and gather a deep sense of job satisfaction.
The company is known for its innovative and cost-effective products in the marketplace. These products form the corporate entity’s hallmark and separate it from the rest of the companies. The company is a leading manufacturer of the following products:-
Infrastructure:
Company’s aim:
Group Companies:
Latest Development:
The board of directors of Bajaj Steel Industries has approved the sale or disposal of its Superpack Division to potential buyers, subject to the shareholders approval.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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