Bajaj Steel Industries Ltd

Bajaj Steel Industries Ltd

₹ 749 -1.02%
04 Jun - close price
About

Incorporated in 1961, Bajaj Steel Industries
Ltd manufactures Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products[1]

Key Points

Business Overview:[1]
BSIL is an ISO 9001:2008 and ISO/TS 16949 certified company, uniquely producing machinery for all cotton ginning technologies (Double Roller, Saw Gin, and Rotobar) and all pressing technologies, as well as seed cleaning, delinting, and decorticating. It also engages in general engineering fabrication, machining, intelligent electrical panel manufacturing, and various other engineering activities.

  • Market Cap 1,557 Cr.
  • Current Price 749
  • High / Low 988 / 303
  • Stock P/E 27.8
  • Book Value 176
  • Dividend Yield 0.10 %
  • ROCE 19.9 %
  • ROE 17.0 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 23.7% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 6.54% over past five years.
  • Earnings include an other income of Rs.36.9 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
62 67 144 153 109 76 128 123 166 115 138 131 151
54 60 120 125 91 68 111 108 141 100 116 111 124
Operating Profit 9 7 24 28 18 9 17 15 25 15 21 20 26
OPM % 14% 10% 17% 18% 16% 11% 13% 12% 15% 13% 16% 15% 17%
3 1 2 2 15 1 1 1 12 28 1 1 6
Interest 2 1 1 2 3 1 1 1 2 1 1 1 1
Depreciation 3 2 2 2 3 2 2 2 5 3 3 3 6
Profit before tax 6 5 23 26 27 7 14 13 30 39 19 17 25
Tax % 23% 25% 25% 21% 40% 25% 25% 26% 27% 25% 25% 26% 22%
5 4 17 20 16 5 11 10 21 29 14 13 20
EPS in Rs 2.31 1.76 8.23 9.70 7.66 2.56 5.22 4.74 10.32 14.02 6.86 6.23 9.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
406 333 283 211 234 332 390 482 412 489 493 535
375 312 270 211 215 305 354 397 365 411 428 452
Operating Profit 30 21 12 1 19 28 35 86 47 78 66 83
OPM % 7% 6% 4% 0% 8% 8% 9% 18% 11% 16% 13% 15%
5 4 5 2 4 3 7 8 13 19 15 37
Interest 7 9 9 9 9 10 9 9 8 7 5 4
Depreciation 9 12 11 8 6 4 6 7 9 10 11 14
Profit before tax 19 4 -3 -14 8 17 27 78 43 80 64 101
Tax % 35% 46% -31% -27% -11% 52% 29% 25% 25% 29% 26% 24%
12 2 -2 -10 9 8 19 59 32 57 48 76
EPS in Rs 6.53 1.08 -1.01 -5.49 4.87 4.38 10.19 28.28 15.60 27.35 22.84 36.61
Dividend Payout % 8% 46% 0% 0% 8% 11% 5% 3% 3% 3% 3% 3%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 9%
TTM: 8%
Compounded Profit Growth
10 Years: 39%
5 Years: 24%
3 Years: 20%
TTM: 18%
Stock Price CAGR
10 Years: 44%
5 Years: 99%
3 Years: 78%
1 Year: 133%
Return on Equity
10 Years: 18%
5 Years: 22%
3 Years: 19%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 2 2 2 2 2 2 3 3 3 3 10
Reserves 70 70 68 60 69 76 94 157 188 244 290 356
67 84 80 79 81 75 70 58 64 43 63 65
85 79 84 64 60 95 91 135 102 101 146 128
Total Liabilities 224 236 235 205 212 249 257 352 357 390 502 560
55 53 49 43 50 50 70 77 83 107 179 168
CWIP 4 8 12 13 2 4 1 4 14 23 9 19
Investments 8 13 14 13 11 11 11 14 14 15 15 10
158 163 161 136 149 184 175 257 246 244 298 364
Total Assets 224 236 235 205 212 249 257 352 357 390 502 560

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5 -1 6 -2 2 15 39 84 41 16 42 50
-12 -17 -11 -1 2 -7 -20 -10 -20 -34 -65 -45
15 14 -3 1 0 -5 -8 -19 4 -22 19 0
Net Cash Flow 8 -5 -7 -2 4 3 12 54 26 -40 -4 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 41 55 62 71 79 57 47 49 19 26 39 31
Inventory Days 83 113 144 141 123 138 105 110 120 137 182 192
Days Payable 59 72 106 86 76 75 86 115 77 103 122 95
Cash Conversion Cycle 65 96 100 126 127 120 66 44 62 60 99 129
Working Capital Days 37 61 73 91 97 69 49 27 31 55 65 86
ROCE % 20% 8% 4% -3% 12% 18% 23% 44% 22% 28% 21% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
42.73% 42.73% 45.77% 47.69% 47.69% 47.69% 47.77% 48.39% 48.27% 48.27% 48.27% 48.27%
0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.16% 0.08% 0.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08%
57.27% 57.26% 54.24% 52.25% 52.24% 52.25% 52.17% 51.54% 51.67% 51.57% 51.64% 51.58%
No. of Shareholders 15,43314,77612,91512,42512,47513,05012,56514,07512,93313,22323,51723,751

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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