Is Bajaj Steel Industries 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 .

Is Bajaj Steel Industries 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 .

What is Bajaj Steel Industries share price return in the past 10 years?

Bajaj Steel Industries Ltd share price has appreciated 38.3% annually (CAGR) over the past ten years.

Is Bajaj Steel Industries 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.

What is the P/E ratio of Bajaj Steel Industries?

The latest standalone P/E ratio of Bajaj Steel Industries as of 08-Oct-2024 is 22.88.

What is the P/B ratio of Bajaj Steel Industries?

The latest standalone P/B ratio of Bajaj Steel Industries as of 08-Oct-2024 is 5.07.

What is the 52-week high and low of Bajaj Steel Industries?

The 52-week high of Bajaj Steel Industries is Rs. 3499.75 and the 52-week low is Rs. 1004.05.

Bajaj Steel Industries Ltd - Stock Valuation and Financial Performance

Name: Bajaj Steel Industries
Brand: Bajaj Steel Industries

BSE: 507944 | NSE: | Engineering - Industrial Equipments | Small Cap

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Bajaj Steel Inds. Share Price

₹3,333.05 194.40 6.19%
as on 08-Oct'24 16:01

10 Year X-Ray of Bajaj Steel Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	8.3%	3.9%	-2.7%	11.7%	17.5%	22.4%	46.3%	22.2%	32.8%	21.8%	-
Value Creation Index ⓘ	-0.4	-0.7	-1.2	-0.2	0.3	0.6	2.3	0.6	1.4	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	335	284	211	234	333	390	483	412	490	494	533
Sales YoY Gr.	-	-15.2%	-25.6%	11%	41.9%	17.2%	23.9%	-14.6%	18.7%	0.9%	-
Adj EPS ⓘ	4.8	-4.2	-19.5	18.8	18.1	36.6	109.7	59.7	89.8	86.6	137.2
YoY Gr.	-	-187.8%	NA	NA	-3.6%	102.1%	199.8%	-45.6%	50.5%	-3.6%	-
BVPS (₹) ⓘ	154.6	150.6	130.7	151.2	167	204.9	306.5	367.2	474.2	562.9	618.9
Adj Net Profit ⓘ	2.2	-2	-9.2	8.8	8.5	17.2	57	31	46.7	45	71
Cash Flow from Ops. ⓘ	-1.1	6.4	-2.3	1.7	14.8	38.7	83.6	41.4	15.7	42.2	-
Debt/CF from Ops. ⓘ	-75.6	12.5	-35	48	5.1	1.8	0.6	1.4	2.3	1.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.4%	8.2%	0.7%	0.9%
Adj EPS ⓘ	38.1%	36.8%	-7.6%	-3.6%
BVPSⓘ	15.4%	27.5%	22.5%	18.7%
Share Price	38.3%	98.1%	54.5%	207.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.1	-2.7	-13.9	13.3	11.4	19.7	44.6	17.7	21.4	16.7	23.2
Op. Profit Mgn % ⓘ	6.3	4.4	0.2	8.3	8.4	9	17.7	11.4	15.9	13.5	13.6
Net Profit Mgn % ⓘ	0.7	-0.7	-4.4	3.8	2.6	4.4	11.8	7.5	9.5	9.1	13.4
Debt to Equity ⓘ	1.2	1.1	1.3	1.1	1	0.7	0.3	0.3	0.2	0.2	-
Working Cap Days ⓘ	129	159	195	177	149	135	113	130	112	151	93
Cash Conv. Cycle ⓘ	62	73	89	93	78	62	31	39	28	44	38

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.20%

Sales growth is good in last 4 quarters at 18.26%

Sales growth has been subdued in last 3 years 0.73%

Net Profit has been subdued in last 3 years -7.58%

Latest Financials - Bajaj Steel Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	137.2	163
TTM Sales (₹ Cr.)	533	594
BVPS (₹.) ⓘ	618.9	706.3
Reserves (₹ Cr.) ⓘ	319	365
P/BV ⓘ	5.07	4.44
PE ⓘ	22.88	19.26

From the Market
52 Week Low / High (₹)	1004.05 / 3499.75
All Time Low / High (₹)	0.75 / 3499.75
Market Cap (₹ Cr.)	1,632
Equity (₹ Cr.)	2.6
Face Value (₹)	5
Industry PE ⓘ	53.1

Management X-Ray of Bajaj Steel Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bajaj Steel Inds.

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bajaj Steel Inds.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	335	284	211	234	333	390	483	412	490	494
Operating Expenses ⓘ	314	271	211	215	305	355	397	365	412	428
Manufacturing Costs	42	36	27	25	38	45	47	44	61	60
Material Costs	208	171	129	135	186	219	226	224	228	239
Employee Cost	33	33	26	25	35	43	42	45	53	62
Other Costs ⓘ	31	31	28	30	46	48	83	53	70	68
Operating Profit ⓘ	21	12	0	19	28	35	86	47	78	66
Operating Profit Margin (%)	6.2%	4.4%	0.1%	8.3%	8.3%	8.9%	17.7%	11.4%	15.9%	13.3%
Other Income ⓘ	4	5	4	4	3	7	8	13	14	15
Interest ⓘ	9	9	9	9	10	9	9	8	7	5
Depreciation ⓘ	12	11	8	6	4	6	7	9	10	11
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	5	0
Profit Before Tax ⓘ	4	-3	-13	8	17	27	78	43	80	64
Tax ⓘ	2	-1	-4	-1	9	8	19	11	23	17
Profit After Tax	2	-2	-9	9	8	19	59	32	57	48
PAT Margin (%)	0.6%	-0.7%	-4.4%	3.9%	2.5%	4.9%	12.2%	7.9%	11.6%	9.6%
Adjusted EPS (₹)	4.3	-4.0	-19.8	19.5	17.5	40.8	113.1	62.4	109.4	91.4
Dividend Payout Ratio (%)	46%	0%	0%	8%	11%	5%	3%	3%	3%	3%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	73	71	61	71	79	96	159	191	247	293
Share Capital ⓘ	2	2	2	2	2	2	3	3	3	3
Reserves ⓘ	70	68	59	69	76	94	157	188	244	290
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	80	78	79	79	75	68	50	57	34	51
Long Term Debt	33	38	35	30	34	37	35	27	9	19
Short Term Debt	46	40	43	49	41	32	15	30	25	32
Trade Payables	41	50	30	28	38	51	71	47	65	80
Others Liabilities ⓘ	40	33	26	24	52	36	68	57	45	78
Total Liabilities ⓘ	233	231	197	202	244	252	348	353	390	502
Fixed Assets
Gross Block	117	123	125	64	70	93	106	118	149	227
Accumulated Depreciation	65	74	82	14	17	23	30	35	42	48
Net Fixed Assetsⓘ	53	49	43	50	52	70	77	83	107	179
CWIP ⓘ	8	12	13	2	4	1	4	14	23	9
Investmentsⓘ	13	14	12	11	11	11	14	14	15	15
Inventories	64	67	50	46	71	63	68	74	86	119
Trade Receivables	50	48	41	51	51	50	65	22	35	53
Cash Equivalents	26	19	16	20	24	35	89	112	73	62
Others Assetsⓘ	20	23	20	22	31	23	31	34	51	65
Total Assets ⓘ	233	231	197	202	244	252	348	353	390	502

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-1	6	-2	2	15	39	84	41	16	42
PBT ⓘ	4	-3	-13	8	17	27	78	43	75	64
Adjustment ⓘ	19	18	16	14	13	15	11	12	6	13
Changes in Working Capital ⓘ	-12	0	4	-11	-2	11	21	6	-42	-17
Tax Paid ⓘ	-3	0	0	0	-4	-6	-18	-12	-22	-14
Cash Flow From Investing Activity ⓘ	-17	-11	-1	2	-7	-20	-10	-20	-34	-65
Capex	-15	-12	-3	-2	-8	-21	-17	-26	-45	-70
Net Investments	-5	-1	1	2	0	0	4	1	8	0
Others ⓘ	2	2	1	2	1	2	3	5	4	5
Cash Flow From Financing Activityⓘ	14	-3	1	0	-5	-8	-19	4	-22	19
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	15	-2	1	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-1	-1	0	0	-1	-1	-1	-2	-1	-2
Others ⓘ	0	0	0	0	-4	-7	-19	6	-21	21
Net Cash Flow ⓘ	-5	-7	-2	4	3	12	54	26	-40	-4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	2.8	-2.64	-14.1	13.83	11.02	21.93	46.03	18.52	26	17.62
ROCE (%)	8.33	3.87	-2.71	11.74	17.51	22.38	46.29	22.16	32.83	21.83
Asset Turnover Ratio	1.62	1.35	1.09	1.19	1.49	1.57	1.61	1.18	1.32	1.11
PAT to CFO Conversion(x)	-0.5	N/A	N/A	0.22	1.88	2.05	1.42	1.28	0.28	0.88
Working Capital Days
Receivable Days	47	57	70	71	56	47	43	38	21	33
Inventory Days	61	77	92	74	64	63	50	63	59	76
Payable Days	70	96	113	79	65	75	99	97	90	110

Bajaj Steel Industries Ltd Stock News

Bajaj Steel Industries Ltd FAQs

What is the share price of Bajaj Steel Inds.?

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Steel Inds. on 08-Oct-2024 16:01 is ₹3,333.1.

What is the market cap of Bajaj Steel Inds.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Oct-2024 16:01 the market cap of Bajaj Steel Inds. stood at ₹1,632.1.

What is the P/E ratio of Bajaj Steel Inds.?

The latest P/E ratio of Bajaj Steel Inds. as of 08-Oct-2024 16:01 is 22.88.

What is the P/B ratio of Bajaj Steel Inds.?

The latest P/B ratio of Bajaj Steel Inds. as of 08-Oct-2024 16:01 is 5.07.

What is the 52-week high and low of Bajaj Steel Inds.?

The 52-week high of Bajaj Steel Inds. is ₹3,499.8 and the 52-week low is ₹1,004.1.

What is the TTM revenue of Bajaj Steel Inds.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Steel Inds. is ₹532.6 ( Cr.) .

About Bajaj Steel Industries Ltd

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 companyâ€™s goods are exported worldwide to countries including Bangladesh, Keniya, Madagascar, Myanmar, Nigeria, Sri lanka, Uganda, etc.

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 India with full range.

Bajaj Steel Industries' steel division is the largest in Double Roller Cotton Ginning Equipments in India with a potential over 30,000 DR Ginning machines all over India and abroad specializing in ginning plant automation. The down packing Doorless High Capacity Fully Automatic Cotton Baling Press manufactured by company is world class. They have completed nearly 50 turnkey projects for cotton processing industry in India and abroad.

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 entityâ€™s hallmark and separate it from the rest of the companies. The company is a leading manufacturer of the following products:-

Double Roller Ginning Machine
Cotton Boll Opener
Cotton Baling Press
Pre-Cleaner
Lint Cleaner
Auto Feeder for Ginning Machine
Raw Cotton Conveying System
Belt Conveyor System
Lint Conveying System
Screw Conveyor
Elevator
Fully Automatic Ginning Plant
Seed Processing Machinery

Infrastructure:

Well equipped machine shop with more than 20 advance CNC machines and all kind of fabrication facility.
Committed and trained personnel.
All facility of metal cutting, machining, welding, sheet metal work, etc. under one roof
Ability to meet the requirements of the customer to his full satisfaction under one roof for machined components.

Companyâ€™s aim:

To provide products and services which consistently satisfy customerâ€™s needs and to work towards continuous improvement in every functional area as a group and as individuals.
To continuously strive to improve the quality of the companyâ€™s activities and to do them correctly the first time
To have an on-going commitment to foster a quality working environment for its employees.
To maintain a leading position in the manufacture of products and services for contributing to the profits of the customer.

Group Companies:

Tashi India
LUK India

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.