Bajaj Steel Industries Ltd
Incorporated in 1961, Bajaj Steel Industries
Ltd manufactures Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products[1]
- Market Cap ₹ 1,119 Cr.
- Current Price ₹ 538
- High / Low ₹ 988 / 451
- Stock P/E 18.5
- Book Value ₹ 199
- Dividend Yield 0.19 %
- ROCE 21.3 %
- ROE 17.9 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 21.9% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 7.13% over past five years.
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 413 | 334 | 307 | 237 | 247 | 376 | 414 | 510 | 437 | 549 | 551 | 585 | 574 | |
| 384 | 316 | 297 | 235 | 226 | 345 | 376 | 418 | 385 | 457 | 470 | 492 | 483 | |
| Operating Profit | 28 | 17 | 10 | 2 | 22 | 31 | 38 | 93 | 52 | 92 | 81 | 93 | 90 |
| OPM % | 7% | 5% | 3% | 1% | 9% | 8% | 9% | 18% | 12% | 17% | 15% | 16% | 16% |
| 5 | 4 | 7 | 2 | 4 | 5 | 9 | 10 | 13 | 19 | 15 | 39 | 11 | |
| Interest | 7 | 9 | 9 | 9 | 9 | 10 | 9 | 9 | 8 | 7 | 5 | 5 | 5 |
| Depreciation | 9 | 13 | 11 | 8 | 6 | 4 | 6 | 7 | 9 | 10 | 12 | 15 | 16 |
| Profit before tax | 17 | 1 | -4 | -13 | 10 | 23 | 32 | 87 | 49 | 94 | 80 | 112 | 80 |
| 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 | 60 | |
| 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 | 29.06 |
| 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: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 47% |
| 5 Years: | 22% |
| 3 Years: | 21% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 56% |
| 3 Years: | 34% |
| 1 Year: | -38% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 10 | 10 |
| Reserves | 68 | 65 | 62 | 54 | 66 | 78 | 100 | 169 | 204 | 271 | 330 | 377 | 404 |
| 67 | 84 | 81 | 81 | 81 | 75 | 70 | 58 | 64 | 43 | 64 | 65 | 50 | |
| 86 | 83 | 97 | 73 | 73 | 104 | 97 | 139 | 124 | 129 | 168 | 151 | 166 | |
| Total Liabilities | 223 | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 564 | 604 | 629 |
| 56 | 54 | 52 | 45 | 51 | 52 | 72 | 80 | 86 | 111 | 185 | 218 | 168 | |
| CWIP | 4 | 8 | 11 | 13 | 2 | 4 | 1 | 4 | 14 | 24 | 10 | 19 | 41 |
| Investments | 3 | 5 | 4 | 2 | 1 | 1 | 0 | 4 | 4 | 22 | 22 | 9 | 10 |
| 159 | 168 | 175 | 150 | 168 | 204 | 196 | 281 | 291 | 289 | 347 | 358 | 411 | |
| Total Assets | 223 | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 564 | 604 | 629 |
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 | 184 | 197 |
| Days Payable | 59 | 75 | 105 | 81 | 77 | 68 | 78 | 110 | 87 | 107 | 109 | 92 |
| Cash Conversion Cycle | 65 | 97 | 97 | 128 | 146 | 116 | 85 | 56 | 77 | 68 | 108 | 135 |
| Working Capital Days | 9 | 11 | 15 | 16 | 19 | 27 | 25 | 18 | 1 | 28 | 29 | 54 |
| ROCE % | 19% | 7% | 3% | -3% | 14% | 21% | 25% | 47% | 23% | 31% | 24% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
17h - Listing Regulations, 2015, please find enclosed the Investor Presentation on the Financial Results of the Company for the quarter and half year ended September 30, …
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Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2025
18h - Approved unaudited standalone and consolidated Q2/H1 results for period ended September 30, 2025.
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Board Meeting Outcome for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2025
19h - Board approved unaudited standalone and consolidated results for quarter/half-year ended 30 Sep 2025; auditor review unmodified.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Received advance for INR 100 Crore international export order for cotton ginning equipment; one-year execution; originally booked 2022.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Bajaj Steel received INR 9.00 Crore domestic PEB warehousing order; 5-month execution period.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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.