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Bajaj Steel Industries Ltd (BAJAJST)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507944 NSE: BAJAJST Engineering - Industrial Equipments | Small Cap | Bajaj Steel Inds. Share Price

₹383.50 0.00 (0.00%)

As on 04-Jun'26 16:59

Bajaj Steel Industries Ltd (BAJAJST)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507944 NSE: BAJAJST Engineering - Industrial Equipments | Small Cap | Bajaj Steel Inds. Share Price

₹383.50 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹798 Cr.
Current Price
₹383.5
52-Week Low / High
₹302 / 770
TTM EPS
₹13.3
TTM Sales
₹475 Cr.
Book Value per Share
₹188.8
P/E Ratio
28.93
Higher than its 5-year historical median
Industry PE
56
Price to Book (P/B)
2.03
Lower than its 5-year historical median
Price to Sales (P/S)
1.68
Higher than its 5-year historical median
EV/EBITDA
12.72
Higher than its 5-year historical median
Dividend Yield
0.14%
Profitability Efficiency
Return on Equity (ROE)
23.10%
Outperforms industry median
Return on Capital Employed (ROCE)
27.04%
Outperforms industry median
Return on Assets (ROA)
14.33%
Operating Profit Margin
15.5%
Net Profit Margin
14.24%
Gross Profit Margin
16.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.29%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
27.52%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
60.32%
Asset Quality
Promoter Holding
56.62%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹382 Cr.
Equity
₹10.4 Cr.
Face Value
₹5
All Time Low / High
₹0.19 / 988.00

Bajaj Steel Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Bajaj Steel Industries Ltd a good quality company?
Bajaj Steel Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bajaj Steel Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bajaj Steel Industries Ltd vs industry peers?
Bajaj Steel Industries Ltd revenue CAGR is 6.53%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bajaj Steel Industries Ltd?
Promoters hold 56.62% of the Bajaj Steel Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bajaj Steel Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 36.8% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bajaj Steel Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.9%-2.7%11.7%17.5%22.4%46.3%22.2%32.8%21.5%27%-
Value Creation
Index
-0.7-1.2-0.20.30.62.30.61.40.50.9-

Growth Parameters

Sales 284211234333390483412490494535475
Sales YoY Gr.--25.6%11%41.9%17.2%23.9%-14.6%18.7%0.9%8.3%-
Adj EPS -1-4.94.74.59.227.414.922.521.726.513.3
YoY Gr.-NANA-3.6%102.4%199.7%-45.6%50.4%-3.6%22.6%-
BVPS (₹) 37.632.737.841.851.276.691.8118.6140.7176.3188.8
Adj Net
Profit
-2-9.28.88.517.2573146.74555.228
Cash Flow from Ops. 6.4-2.31.714.838.783.641.415.742.249.6-
Debt/CF from Ops. 12.5-35485.11.80.61.42.31.31.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.3%6.5%9.1%8.3%
Adj EPS NA23.7%21.1%22.6%
BVPS18.7%28.1%24.3%25.3%
Share Price 36.7% 20.7% 5.4% -47.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-2.7-13.913.311.419.744.617.721.416.716.77.3
Op. Profit
Mgn %
4.40.28.38.4917.711.415.913.215.510.3
Net Profit
Mgn %
-0.7-4.43.82.64.411.87.59.59.110.35.8
Debt to
Equity
1.11.31.110.70.30.30.20.20.20
Working Cap
Days
159195177149135113130112151167122
Cash Conv.
Cycle
7389937862313928445951

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales284211234333390483412490494535
Operating Expenses + 271211215305355397365412429452
Manufacturing Costs36272538454744614751
Material Costs171129135186219226224228252254
Employee Cost 33262535434245536268
Other Costs 31283046488353706978
Operating Profit 1201928358647786583
Operating Profit Margin (%) 4.4%0.1%8.3%8.3%8.9%17.7%11.4%15.9%13.1%15.4%
Other Income + 54437813141510
Exceptional Items 00000005027
Interest 99910998744
Depreciation 11864679101114
Profit Before Tax -3-138172778438064101
Tax -1-4-1981911231725
Profit After Tax -2-998195932574876
PAT Margin (%) -0.7%-4.4%3.9%2.5%4.9%12.2%7.9%11.6%9.6%14.2%
Adjusted EPS (₹)-1.0-5.04.94.410.228.315.627.322.836.6
Dividend Payout Ratio (%)0%0%7.70%11.40%4.90%2.70%3.20%2.70%3.30%2.70%

Valuation of Bajaj Steel Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7161717996159191247293367
Share Capital 22222333310
Reserves 6859697694157188244290356
Debt +78797975685057345154
Long Term Debt3835303437352791923
Short Term Debt40434941321530253231
Minority Interest0000000000
Trade Payables50302838517147658066
Others Liabilities 33262452366857457973
Total Liabilities 231197202244252348353390503560

Fixed Assets

Net Fixed Assets +49435052707783107179210
Gross Block123125647093106118149227270
Accumulated Depreciation74821417233035424861
CWIP 121324141423919
Investments 14121111111414151510
Inventories6750467163687486119134
Trade Receivables48415151506522355346
Cash Equivalents 191620243589112736269
Others Assets 23202231233134516672
Total Assets 231197202244252348353390503560

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6-2215398441164250
PBT -3-138172778437564101
Adjustment 1816141315111261215
Changes in Working Capital 04-11-211216-42-17-36
Tax Paid -000-4-6-18-12-22-14-27
Cash Flow From Investing Activity + -11-12-7-20-10-20-34-65-45
Capex -12-3-2-8-21-14-25-37-70-54
Net Investments -1120010005
Others 2121235454
Cash Flow From Financing Activity + -310-5-8-194-22190
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2100000000
Interest Paid 0000000000
Dividend Paid -100-1-1-1-2-1-2-2
Others 000-4-7-196-21212
Net Cash Flow -7-243125426-40-45

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-2.64-14.113.8311.0221.9346.0318.522617.6223.1
ROCE (%)3.87-2.7111.7417.5122.3846.2922.1632.8321.4827.04
Asset Turnover Ratio1.351.091.191.491.571.611.181.321.111.01
PAT to CFO Conversion(x)N/AN/A0.221.882.051.421.280.280.880.66
Working Capital Days
Receivable Days57.2069.7070.7056.2047.3043.3038.4021.2032.5033.70
Inventory Days76.8091.9073.6063.8062.7049.6062.7059.4075.7086.40
Payable Days96.2011378.9064.8074.709996.6089.80104.60104.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bajaj Steel Industries Ltd FAQs

The current trading price of Bajaj Steel Inds. on 04-Jun-2026 16:59 is ₹383.5.

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 03-Jun-2026 the market cap of Bajaj Steel Inds. stood at ₹797.7 Cr

The latest P/E ratio of Bajaj Steel Inds. as of 03-Jun-2026 is 28.93.

The latest P/B ratio of Bajaj Steel Inds. as of 03-Jun-2026 is 2.03.

The 52-week high of Bajaj Steel Inds. is ₹770.0 and the 52-week low is ₹302.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Steel Inds. is ₹475 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Steel Industries Ltd is a average quality company.

The key valuation ratios of Bajaj Steel Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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.

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 company’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 entity’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.

Company’s aim:

  • To provide products and services which consistently satisfy customer’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 company’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.

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