Bajaj Steel Industries Ltd

Bajaj Steel Industries Ltd

₹ 738 -0.14%
10 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 1,535 Cr.
  • Current Price 738
  • High / Low 988 / 356
  • Stock P/E 23.9
  • Book Value 186
  • Dividend Yield 0.10 %
  • ROCE 21.1 %
  • ROE 17.9 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 21.9% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 7.14% over past five years.
  • Earnings include an other income of Rs.38.9 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

Consolidated Figures in Rs. Crores / View Standalone

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
70 93 159 161 121 98 153 126 174 141 152 138 154
60 78 130 132 102 84 128 109 148 119 127 117 129
Operating Profit 10 14 29 29 20 14 25 17 26 22 25 21 24
OPM % 14% 15% 18% 18% 16% 15% 16% 13% 15% 16% 17% 15% 16%
3 1 2 2 15 1 1 1 12 29 2 2 6
Interest 3 1 1 2 3 1 1 1 2 1 1 1 1
Depreciation 3 2 2 2 3 2 2 3 5 3 3 3 6
Profit before tax 7 12 27 27 28 13 23 13 31 47 23 18 23
Tax % 24% 39% 18% 21% 40% 25% 26% 24% 27% 25% 25% 26% 22%
6 7 22 21 17 10 17 10 23 35 17 14 18
EPS in Rs 2.64 3.48 10.58 10.18 8.22 4.59 8.18 4.83 10.84 16.89 8.38 6.59 8.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
413 334 307 237 247 376 414 510 437 549 551 585
384 316 297 235 226 345 376 418 385 457 470 493
Operating Profit 28 17 10 2 22 31 38 93 52 92 81 92
OPM % 7% 5% 3% 1% 9% 8% 9% 18% 12% 17% 15% 16%
5 4 7 2 4 5 9 10 13 19 15 39
Interest 7 9 9 9 9 10 9 9 8 7 5 4
Depreciation 9 13 11 8 6 4 6 7 9 10 12 15
Profit before tax 17 1 -4 -13 10 23 32 87 49 94 80 112
Tax % 38% 240% -23% -25% -9% 40% 25% 25% 25% 28% 26% 25%
11 -1 -3 -10 11 14 24 66 36 68 59 84
EPS in Rs 5.61 -0.54 -1.53 -5.34 6.09 7.29 12.57 31.54 17.54 32.45 28.38 40.54
Dividend Payout % 9% -93% 0% 0% 6% 7% 4% 2% 3% 2% 3% 2%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 10%
TTM: 6%
Compounded Profit Growth
10 Years: 47%
5 Years: 22%
3 Years: 21%
TTM: 8%
Stock Price CAGR
10 Years: 44%
5 Years: 98%
3 Years: 78%
1 Year: 100%
Return on Equity
10 Years: 20%
5 Years: 23%
3 Years: 20%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 68 65 62 54 66 78 100 169 204 271 330 377
67 84 81 81 81 75 70 58 64 43 64 65
86 83 97 73 73 104 97 139 124 129 168 151
Total Liabilities 223 234 242 210 223 260 269 369 395 446 563 604
56 54 52 45 51 52 72 80 86 111 185 175
CWIP 4 8 11 13 2 4 1 4 14 24 10 19
Investments 3 5 4 2 1 1 0 4 4 22 22 9
159 168 175 150 168 204 196 281 291 289 346 400
Total Assets 223 234 242 210 223 260 269 369 395 446 563 604

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 -5 10 -7 6 14 41 89 55 27 55 52
-10 -14 -10 -0 2 -7 -21 -12 -20 -52 -66 -38
15 14 -2 1 0 -5 -8 -19 4 -22 19 -26
Net Cash Flow 8 -5 -2 -7 9 2 12 59 39 -47 8 -12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 39 53 56 64 73 53 45 49 20 25 33 30
Inventory Days 85 119 147 145 150 131 117 117 144 150 193 197
Days Payable 59 75 105 81 77 68 78 110 87 107 114 92
Cash Conversion Cycle 65 97 97 128 146 116 85 56 77 68 112 135
Working Capital Days 37 62 63 83 91 67 53 32 29 49 57 86
ROCE % 19% 7% 3% -3% 14% 21% 25% 47% 23% 31% 24% 21%

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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