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

₹ 1,280 -0.27%
25 Apr 4:01 p.m.
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 ₹ 666 Cr.
  • Current Price ₹ 1,280
  • High / Low ₹ 1,627 / 936
  • Stock P/E 13.1
  • Book Value ₹ 572
  • Dividend Yield 0.23 %
  • ROCE 30.7 %
  • ROE 24.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 39.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
160 125 121 154 94 70 93 159 161 121 98 153 126
134 85 104 131 91 60 78 130 132 102 84 128 109
Operating Profit 27 39 18 23 3 10 14 29 29 20 14 25 17
OPM % 17% 32% 15% 15% 4% 14% 15% 18% 18% 16% 15% 16% 13%
1 4 1 2 5 3 1 2 2 15 1 1 1
Interest 2 4 2 2 2 3 1 1 2 3 1 1 1
Depreciation 2 2 2 2 2 3 2 2 2 3 2 2 3
Profit before tax 24 38 15 22 4 7 12 27 27 28 13 23 13
Tax % 25% 22% 25% 25% 25% 24% 39% 18% 21% 40% 25% 26% 24%
18 30 11 16 3 6 7 22 21 17 10 17 10
EPS in Rs 33.88 57.31 21.92 31.29 6.38 10.58 13.92 42.33 40.71 32.87 18.35 32.71 19.33
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
284 413 334 307 237 247 376 414 510 437 533 498
270 384 316 297 235 226 345 376 418 385 442 423
Operating Profit 14 28 17 10 2 22 31 38 93 52 91 76
OPM % 5% 7% 5% 3% 1% 9% 8% 9% 18% 12% 17% 15%
3 5 4 7 2 4 5 9 10 13 20 18
Interest 7 7 9 9 9 9 10 9 9 8 7 5
Depreciation 6 9 13 11 8 6 4 6 7 9 10 12
Profit before tax 5 17 1 -4 -13 10 23 32 87 49 94 77
Tax % 22% 38% 240% 23% 25% -9% 40% 25% 25% 25% 28%
4 11 -1 -3 -10 11 14 24 66 36 68 54
EPS in Rs 8.00 22.43 -2.15 -6.13 -21.36 24.36 29.17 50.30 126.15 70.17 129.81 103.26
Dividend Payout % 19% 9% -93% 0% 0% 6% 7% 4% 2% 3% 2%
Compounded Sales Growth
10 Years: 6%
5 Years: 17%
3 Years: 9%
TTM: 3%
Compounded Profit Growth
10 Years: 32%
5 Years: 39%
3 Years: 36%
TTM: -9%
Stock Price CAGR
10 Years: 29%
5 Years: 57%
3 Years: 35%
1 Year: 24%
Return on Equity
10 Years: 19%
5 Years: 27%
3 Years: 28%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 3 3 3 3
Reserves 58 68 65 62 54 66 78 100 169 204 271 295
53 67 84 81 81 81 75 70 58 64 43 32
78 86 83 97 73 73 104 97 139 124 129 179
Total Liabilities 192 223 234 242 210 223 260 269 369 395 446 509
33 56 54 52 45 51 52 72 80 86 111 100
CWIP 25 4 8 11 13 2 4 1 4 14 24 24
Investments 2 3 5 4 2 1 1 0 4 4 22 22
131 159 168 175 150 168 204 196 281 291 289 363
Total Assets 192 223 234 242 210 223 260 269 369 395 446 509

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 3 -5 10 -7 6 14 41 89 55 27
-13 -10 -14 -10 -0 2 -7 -21 -12 -20 -52
-0 15 14 -2 1 0 -5 -8 -19 4 -22
Net Cash Flow 1 8 -5 -2 -7 9 2 12 59 39 -47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 39 53 56 64 73 53 45 49 20 29
Inventory Days 102 85 119 147 145 150 131 117 117 144 150
Days Payable 80 59 75 105 81 77 68 78 110 87 107
Cash Conversion Cycle 73 65 97 97 128 146 116 85 56 77 71
Working Capital Days 37 37 62 63 83 91 67 53 32 29 51
ROCE % 19% 7% 3% -3% 14% 21% 25% 47% 23% 31%

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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