Bajaj Steel Industries Ltd

Bajaj Steel Industries is engaged in the manufacturing of Cotton Ginning and Pressing Machinery, Cotton Cleaning, Cotton Conveying, Cotton Humidi fication Systems, Cotton Baling Presses, Cotton Seed Processing, Preengineered Buildings, Electrical Control Panels, Fire Fighting Systems, Hydraulic Cylinder, Power packs, Specialty Conveyors and Master Batches etc, & its components, accessories and spare-parts thereof.

  • Market Cap: 72.03 Cr.
  • Current Price: 153.25
  • 52 weeks High / Low 158.00 / 72.05
  • Book Value: 204.85
  • Stock P/E: 3.44
  • Dividend Yield: 1.31 %
  • ROCE: 17.51 %
  • ROE: 11.02 %
  • Sales Growth (3Yrs): 5.53 %
  • Listed on BSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Stock is trading at 0.75 times its book value
Cons:
The company has delivered a poor growth of -3.91% over past five years.
Company has a low return on equity of 3.65% for last 3 years.

Peer comparison Sector: Steel // Industry: Steel - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
60.39 61.66 71.27 48.42 101.03 103.21 77.03 81.62 138.25 99.13 71.41 68.10
54.68 58.09 64.91 45.28 91.27 95.41 73.46 77.24 126.22 89.61 62.26 60.97
Operating Profit 5.71 3.57 6.36 3.14 9.76 7.80 3.57 4.38 12.03 9.52 9.15 7.13
OPM % 9.46% 5.79% 8.92% 6.48% 9.66% 7.56% 4.63% 5.37% 8.70% 9.60% 12.81% 10.47%
Other Income 0.85 3.79 -0.76 0.63 1.32 1.15 3.05 1.67 1.17 1.78 2.23 0.43
Interest 2.17 2.16 2.71 2.01 1.82 2.03 3.70 2.07 2.32 1.83 2.42 1.93
Depreciation 1.84 1.89 0.08 1.21 1.21 1.21 -0.01 0.91 1.01 1.01 3.21 1.54
Profit before tax 2.55 3.31 2.81 0.55 8.05 5.71 2.93 3.07 9.87 8.46 5.75 4.09
Tax % 0.00% 0.00% -31.67% 29.09% 29.07% 29.07% 0.00% 28.99% 29.08% 19.15% 29.74% 25.18%
Net Profit 2.55 3.31 3.70 0.39 5.71 4.05 2.93 2.18 7.00 6.85 4.04 3.06
EPS in Rs 5.23 7.52 7.21 0.84 12.14 8.62 6.38 4.63 14.89 14.57 8.03 6.51
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
186 228 208 203 312 284 406 333 283 211 234 332 377
171 201 186 191 291 270 375 312 270 211 215 305 339
Operating Profit 15 26 22 12 21 15 30 21 12 1 19 28 38
OPM % 8% 12% 11% 6% 7% 5% 7% 6% 4% 0% 8% 8% 10%
Other Income 3 6 4 2 3 3 5 4 5 2 4 3 6
Interest 4 4 6 6 7 7 7 9 9 9 9 10 8
Depreciation 2 4 5 6 7 6 9 12 11 8 6 4 7
Profit before tax 11 23 15 3 11 5 19 4 -3 -14 8 17 28
Tax % 37% 35% 33% 82% 32% 20% 35% 46% 31% 27% -11% 52%
Net Profit 7 15 10 0 7 4 12 2 -2 -10 9 8 21
EPS in Rs 0.81 14.97 8.82 25.77 3.90 0.00 0.00 19.49 17.53 44.00
Dividend Payout % 6% 3% 4% 102% 10% 17% 8% 46% -0% -0% 8% 11%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:3.85%
5 Years:-3.91%
3 Years:5.53%
TTM:3.86%
Compounded Profit Growth
10 Years:-4.96%
5 Years:-7.53%
3 Years:74.89%
TTM:40.89%
Stock Price CAGR
10 Years:3.33%
5 Years:9.47%
3 Years:31.40%
1 Year:66.79%
Return on Equity
10 Years:6.66%
5 Years:2.04%
3 Years:3.65%
Last Year:11.02%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 20 34 44 48 55 59 70 70 68 60 69 76 94
Borrowings 34 31 46 51 52 53 67 84 80 79 81 75 68
45 34 45 61 56 77 85 79 84 64 60 95 91
Total Liabilities 101 101 137 162 165 191 224 236 235 205 212 249 256
14 31 32 34 32 32 55 53 49 43 50 52 70
CWIP 9 5 10 13 19 25 4 8 12 13 2 4 1
Investments 2 2 0 0 0 4 8 13 14 13 11 11 11
76 64 95 114 113 130 158 163 161 136 149 182 174
Total Assets 101 101 137 162 165 191 224 236 235 205 212 249 256

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
13 18 1 -7 14 14 5 -1 6 -2 2 15
-5 -12 -9 -10 -9 -13 -12 -17 -11 -1 2 -7
4 -4 15 11 -2 -0 15 14 -3 1 0 -5
Net Cash Flow 11 2 7 -5 3 0 8 -5 -7 -2 4 3

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 28% 41% 26% 9% 17% 11% 20% 8% 4% -3% 12% 18%
Debtor Days 35 26 27 42 35 52 41 55 62 71 79 57
Inventory Turnover 3.69 4.80 3.64 2.49 4.02 3.83 4.73 3.39 2.63 2.23 2.86 3.26

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
36.62 36.62 36.55 36.71 36.64 36.64 36.64 36.64 36.64 36.64 36.64 36.64
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00 0.00 0.00
63.36 63.36 63.43 63.27 63.34 63.34 63.34 63.35 63.35 63.35 63.35 63.35