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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

₹361.50 -2.20 (-0.60%)

As on 11-Sep'26 15:13

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

₹361.50 -2.20 (-0.60%)

As on 11-Sep'26 15:13

Key Metrics
Valuation Multiples
Market Cap
₹757 Cr.
Current Price
₹361.5
52-Week Low / High
₹302 / 620
TTM EPS
₹14.1
TTM Sales
₹537 Cr.
Book Value per Share
₹203.7
P/E Ratio
25.88
Higher than its 5-year historical median
Industry PE
58.3
Price to Book (P/B)
1.79
Lower than its 5-year historical median
Price to Sales (P/S)
1.41
In line with its 5-year historical median
EV/EBITDA
10.97
Higher than its 5-year historical median
Dividend Yield
0.28%
Profitability Efficiency
Return on Equity (ROE)
23.44%
Outperforms industry median
Return on Capital Employed (ROCE)
27.95%
Outperforms industry median
Return on Assets (ROA)
14.44%
Operating Profit Margin
15.9%
Net Profit Margin
14.42%
Gross Profit Margin
17.2%
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)
Slowing versus 3-year growth rate
15.43%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
42.88%
Asset Quality
Promoter Holding
56.62%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹413 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

Somewhat Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
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.

View More

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.

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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 6.62%, indicating stable growth and maintaining 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 35.9% based on the current price.
View More

10 Year X-Ray :

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 ⓘ284211234333390483412490494535489
Sales YoY Gr.--25.6%11%41.9%17.2%23.9%-14.6%18.7%0.9%8.3%-
Adj EPS ⓘ-1-4.94.74.59.227.414.922.521.726.59.1
YoY Gr.-NANA-3.6%102.4%199.7%-45.6%50.4%-3.6%22.6%-
BVPS (₹) ⓘ37.632.737.841.851.276.691.8118.6140.7176.3187.1
Adj Net
Profit ⓘ		-2-9.28.88.517.2573146.74555.219
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%
BVPSⓘ18.7%28.1%24.3%25.3%
Share Price 35.5% 7.7% 10.6% -27.8%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-2.7-13.913.311.419.744.617.721.416.716.75
Op. Profit
Mgn % ⓘ		4.40.28.38.4917.711.415.913.215.58.2
Net Profit
Mgn % ⓘ		-0.7-4.43.82.64.411.87.59.59.110.33.9
Debt to
Equity ⓘ		1.11.31.110.70.30.30.20.20.2-
Working Cap
Days ⓘ		159195177149135113130112151167122
Cash Conv.
Cycle ⓘ		7389937862313928445951

Valuation of Bajaj Steel Inds. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales308243248377415511437549551585
Operating Expenses ⓘ + 298241226346377418385457470492
Manufacturing Costs36412438464744614851
Material Costs187139139216233239235259282283
Employee Cost 38302738464548586773
Other Costs ⓘ 37313653538757787484
Operating Profit ⓘ 922231389352928193
Operating Profit Margin (%) 3.1%0.8%8.8%8.3%9.1%18.1%11.9%16.8%14.6%15.9%
Other Income ⓘ + 734591013141612
Exceptional Items ⓘ 00000005027
Interest ⓘ 99910998755
Depreciation ⓘ 11864679101215
Profit Before Tax ⓘ -4-1210233287499480112
Tax ⓘ -1-3-1982112262128
Profit After Tax -3-91114246636685984
PAT Margin (%) -0.9%-3.7%4.6%3.6%5.7%12.8%8.4%12.3%10.7%14.4%
Adjusted EPS (₹)-1.5-4.86.17.312.631.517.532.528.440.6
Dividend Payout Ratio (%)0%0%6.20%6.90%4%2.40%2.90%2.30%2.60%2.50%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 65566881102171207274332387
Share Capital ⓘ 22222333310
Reserves ⓘ 62536678100169204271330377
Debt +78797975685157345154
Long Term Debt3836303437342791923
Short Term Debt40434941321630253231
Minority Interest0000000000
Trade Payables54352940497256768471
Others Liabilities ⓘ 42323658457172649691
Total Liabilities ⓘ 238202213255265365391448564604

Fixed Assets

Net Fixed Assets ⓘ +52455154728086111185218
Gross Block126127667295110122154234280
Accumulated Depreciation74821418243136424962
CWIP ⓘ 1113241414241019
Investments ⓘ 421104422229
Inventories75585778757793106142153
Trade Receivables47425055516823385047
Cash Equivalents 241826284099135898980
Others Assets ⓘ 25252536263336586677
Total Assets ⓘ 238202213255265365391448564604
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 10-7614418955275552
PBT ⓘ -4-1210233287498980112
Adjustment ⓘ 1816141315111271214
Changes in Working Capital ⓘ 4-2-9-891817-41-15-41
Tax Paid ⓘ -0-1-0-4-6-18-15-26-18-28
Cash Flow From Investing Activity ⓘ + -10-02-7-21-12-20-52-66-38
Capex -12-3-2-8-21-16-25-39-73-57
Net Investments 1120010-17-013
Others ⓘ 1221135465
Cash Flow From Financing Activity ⓘ + -210-5-8-194-2219-26
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -1100000000
Interest Paid ⓘ 0000000000
Dividend Paid ⓘ -100-1-1-1-2-1-2-28
Others ⓘ 000-4-7-186-21212
Net Cash Flow ⓘ -2-792125939-478-12
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-4.37-15.0218.4618.3925.8847.9919.328.119.4923.44
ROCE (%)3.36-2.1813.6321.2524.6248.7723.1635.2624.1327.95
Asset Turnover Ratio1.431.21.191.611.61.621.161.311.091
PAT to CFO Conversion(x)N/AN/A0.5511.711.351.530.40.930.62
Working Capital Days
Receivable Days51.5060.7067.1050.7046.9042.7038.2020.5029.1030.30
Inventory Days77.6091.7084.8065.3067.1054.2070.9066.2082.4092.20
Payable Days93.60116.8084.4058.8070.5092.5099.2093.20103.90100.40

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Announcements

Bajaj Steel Industries Ltd FAQs

The current trading price of Bajaj Steel Inds. on 11-Sep-2026 15:13 is ₹361.5.

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 10-Sep-2026 the market cap of Bajaj Steel Inds. stood at ₹756.5 Cr

The latest P/E ratio of Bajaj Steel Inds. as of 10-Sep-2026 is 40.07.

The latest P/B ratio of Bajaj Steel Inds. as of 10-Sep-2026 is 1.94.

The 52-week high of Bajaj Steel Inds. is ₹620.0 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 ₹489 ( 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 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.

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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