Bajaj Steel Industries Ltd Stock Analysis

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

BSE Share Price 02-Dec-2022 18:01
844.35 2.55 (0.30%)

DeciZen - Make an Informed Decision on Bajaj Steel Inds.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Bajaj Steel Inds. Price Chart

P/E Ratio (SA) :
15.33
Market Cap :
439.1 Cr.
52-wk low :
460.6
52-wk high :
1,084.8
Bole Toh?

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 Semi Strong which suggest that the price of Bajaj Steel Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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
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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.9%13.4%5.6%2.7%-2%10.3%9.9%14.5%33.7%15.9%-
Value Creation Index -0.4-0.0-0.6-0.8-1.1-0.3-0.30.01.40.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 285407335284211234333390483412364
YoY Gr. Rt. %-42.7%-17.7%-15.2%-25.6%11%41.9%17.2%23.9%-14.6%-
Adj EPS 8.625.54.8-4.2-19.518.818.136.6109.759.755.1
YoY Gr. Rt. %-196.1%-81.4%-187.8%NANA-3.6%102.1%199.8%-45.6%-
BVPS (₹) 129.7153.5154.6150.6130.7151.2167204.9306.5367.2405.3
Adj Net Profit 4.1122.2-2-9.28.88.517.2573129
Cash Flow from Ops. 14.15.2-1.16.4-2.31.714.838.783.641.6-
Debt/CF from Ops. 3.812.8-75.612.5-35485.11.80.61.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.2%14.3%7.4%-14.6%
Adj EPS 24%NA48.9%-45.6%
BVPS 12.3233019.8
Share Price 30.9% 58.1% 90.1% 0.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 6.8183.1-2.7-13.913.311.419.744.617.714.3
Op. Profit Mgn % 5.17.46.34.40.28.38.4917.711.412
Net Profit Mgn % 1.42.90.7-0.7-4.43.82.64.411.87.57.9
Debt to Equity 0.90.91.21.11.31.110.70.30.30.2
Working Cap Days 11495129159195177149135113130189
Cash Conv. Cycle 5242627389937862313971

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 48.86%

Return on Equity has declined versus last 3 years average to 14.30%

Sales growth has been subdued in last 3 years 7.43%

Sales growth is not so good in last 4 quarters at -33.89%

Latest Financials - Bajaj Steel Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 55.1 73.2
TTM Sales (₹ Cr.) 364 415
BVPS (₹.) 405.3 454
Reserves (₹ Cr.) 208 233
P/BV 2.08 1.86
PE 15.33 11.55
From the Market
52 Week Low / High (₹) 460.60 / 1084.80
All Time Low / High (₹) 0.75 / 1503.10
Market Cap (₹ Cr.) 439
Equity (₹ Cr.) 2.6
Face Value (₹) 5
Industry PE 22.3

Management X-Ray of Bajaj Steel Inds. :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Bajaj Steel Inds.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Bajaj Steel Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Steel Inds. on 02-Dec-2022 18:01 is : 844.4.
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 02-Dec-2022 18:01 the market cap of Bajaj Steel Inds. stood at ₹ 439.1.
The latest PE ratio of Bajaj Steel Inds. as of 02-Dec-2022 18:01 is 15.33.
The latest PB ratio of Bajaj Steel Inds. as of 02-Dec-2022 18:01 is 2.08
The 52-week high of Bajaj Steel Inds. is ₹ 1,084.8 and the 52-week low is ₹ 460.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Bajaj Steel Inds. is ₹ 363.9 ( 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 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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