Bajaj Steel Industries Ltd

Bajaj Steel Inds Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bajaj Steel Industries Ltd

₹ 1,286 0.41%
26 Apr - close price
bajajngp.com BSE: 507944
About

Bajaj Steel Industries Ltd manufactures cotton ginning and pressing machineries, pre-fabricated building structure, components and allied products. It is also engaged in manufacturing of master-batches under its plastic division.[1]

Key Points

History[1][2]
The company was established by Late Shri Gangabisenji Bajaj in 1961 and is now run by his son Shri Hargovind Bajaj. In 2009, company signed a manufacturing agreement with Continental Eagle Corporation (CEC), USA wherein manufacturing of its entire product line was transferred from their USA facility to company's Nagpur facility. The CEC continues to operate light manufacturing for repairs and small no. of items in its Pratvilla, USA facility.

Website BSE
  • Market Cap ₹ 668 Cr.
  • Current Price ₹ 1,286
  • High / Low ₹ 1,627 / 936
  • Stock P/E 17.0
  • Book Value ₹ 503
  • Dividend Yield 0.23 %
  • ROCE 28.1 %
  • ROE 22.5 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 39.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%

Cons

  • Earnings include an other income of Rs.18.1 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.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
158.04 121.93 114.65 147.79 89.58 62.44 67.40 144.47 153.29 108.52 76.37 128.00 122.99
132.11 83.58 99.55 125.81 86.44 53.56 60.32 119.98 125.45 90.87 67.66 111.21 107.77
Operating Profit 25.93 38.35 15.10 21.98 3.14 8.88 7.08 24.49 27.84 17.65 8.71 16.79 15.22
OPM % 16.41% 31.45% 13.17% 14.87% 3.51% 14.22% 10.50% 16.95% 18.16% 16.26% 11.41% 13.12% 12.37%
0.93 1.99 1.12 1.45 4.86 2.93 1.29 1.94 1.51 14.95 1.25 0.64 1.26
Interest 1.76 3.45 1.62 1.74 1.67 2.50 1.38 1.48 1.66 2.70 0.59 0.65 0.95
Depreciation 2.15 1.56 1.90 1.72 2.08 3.07 2.10 2.10 2.10 3.24 2.29 2.29 2.29
Profit before tax 22.95 35.33 12.70 19.97 4.25 6.24 4.89 22.85 25.59 26.66 7.08 14.49 13.24
Tax % 25.19% 22.19% 25.20% 24.64% 27.76% 23.08% 25.15% 25.12% 21.18% 40.21% 24.86% 25.12% 25.53%
17.18 27.49 9.51 15.05 3.08 4.80 3.66 17.11 20.17 15.93 5.33 10.86 9.86
EPS in Rs 33.04 52.87 18.29 28.94 5.92 9.23 7.04 32.90 38.79 30.63 10.25 20.88 18.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
312 284 406 333 283 211 234 332 390 482 412 473 436
291 270 375 312 270 211 215 305 354 397 365 396 378
Operating Profit 21 15 30 21 12 1 19 28 35 86 47 77 58
OPM % 7% 5% 7% 6% 4% 0% 8% 8% 9% 18% 11% 16% 13%
3 3 5 4 5 2 4 3 7 8 13 20 18
Interest 7 7 7 9 9 9 9 10 9 9 8 7 5
Depreciation 7 6 9 12 11 8 6 4 6 7 9 10 10
Profit before tax 11 5 19 4 -3 -14 8 17 27 78 43 80 61
Tax % 32% 20% 35% 46% 31% 27% -11% 52% 29% 25% 25% 29%
7 4 12 2 -2 -10 9 8 19 59 32 57 42
EPS in Rs 15.21 9.06 26.11 4.32 -4.02 -21.98 19.49 17.53 40.77 113.13 62.38 109.38 80.72
Dividend Payout % 10% 17% 8% 46% 0% 0% 8% 11% 5% 3% 3% 3%
Compounded Sales Growth
10 Years: 5%
5 Years: 15%
3 Years: 7%
TTM: 2%
Compounded Profit Growth
10 Years: 28%
5 Years: 40%
3 Years: 36%
TTM: -14%
Stock Price CAGR
10 Years: 29%
5 Years: 57%
3 Years: 35%
1 Year: 25%
Return on Equity
10 Years: 17%
5 Years: 24%
3 Years: 27%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 2 2 2 2 2 2 3 3 3 3
Reserves 55 59 70 70 68 60 69 76 94 157 188 244 259
52 53 67 84 80 79 81 75 70 58 64 43 32
56 77 85 79 84 64 60 95 91 135 102 101 162
Total Liabilities 165 191 224 236 235 205 212 249 257 352 357 390 456
32 32 55 53 49 43 50 50 70 77 83 107 98
CWIP 19 25 4 8 12 13 2 4 1 4 14 23 23
Investments 0 4 8 13 14 13 11 11 11 14 14 15 15
113 130 158 163 161 136 149 184 175 257 246 244 319
Total Assets 165 191 224 236 235 205 212 249 257 352 357 390 456

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 14 5 -1 6 -2 2 15 39 84 41 16
-9 -13 -12 -17 -11 -1 2 -7 -20 -10 -20 -34
-2 -0 15 14 -3 1 0 -5 -8 -19 4 -22
Net Cash Flow 3 0 8 -5 -7 -2 4 3 12 54 26 -40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 35 52 41 55 62 71 79 57 47 49 19 30
Inventory Days 82 98 83 113 144 141 123 138 105 110 120 137
Days Payable 52 79 59 72 106 86 76 75 86 115 77 103
Cash Conversion Cycle 66 71 65 96 100 126 127 120 66 44 62 64
Working Capital Days 41 37 37 61 73 91 97 69 49 27 31 57
ROCE % 17% 11% 20% 8% 4% -3% 12% 18% 23% 44% 22% 28%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.74% 42.73% 42.73% 42.73% 42.73% 42.73% 45.77% 47.69% 47.69% 47.69% 47.77% 48.39%
0.00% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07%
57.26% 57.18% 57.27% 57.27% 57.27% 57.26% 54.24% 52.25% 52.24% 52.25% 52.17% 51.54%
No. of Shareholders 8,91313,09314,55815,31015,43314,77612,91512,42512,47513,05012,56514,075

* 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.

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