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: 45.54 Cr.
  • Current Price: 96.90
  • 52 weeks High / Low 148.98 / 72.05
  • Book Value: 191.47
  • Stock P/E: 2.05
  • Dividend Yield: 2.06 %
  • ROCE: 21.25 %
  • ROE: 18.39 %
  • Sales Growth (3Yrs): 7.06 %
  • Listed on BSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Stock is trading at 0.51 times its book value
Cons:
The company has delivered a poor growth of -1.83% over past five years.
Company has a low return on equity of 7.91% for last 3 years.
Earnings include an other income of Rs.11.50 Cr.

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
67 124 107 73 97 148 102
63 113 100 71 92 134 93
Operating Profit 4 12 8 2 5 14 9
OPM % 6% 9% 7% 3% 5% 9% 9%
Other Income 1 2 2 5 2 2 2
Interest 2 2 2 4 2 2 2
Depreciation 1 1 1 0 1 1 1
Profit before tax 2 11 6 4 4 13 9
Tax % 9% 21% 29% 24% 23% 24% 18%
Net Profit 2 9 4 3 3 10 7
EPS in Rs 3.30 18.20 9.32 6.01 6.34 20.33 14.81
Notes Notes Notes Notes Notes Notes Notes

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

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
284 413 334 307 237 247 376 420
270 384 316 297 235 226 345 390
Operating Profit 14 28 17 10 2 22 31 30
OPM % 5% 7% 5% 3% 1% 9% 8% 7%
Other Income 3 5 4 7 2 4 5 12
Interest 7 7 9 9 9 9 10 10
Depreciation 6 9 13 11 8 6 4 3
Profit before tax 5 17 1 -4 -13 10 23 28
Tax % 22% 38% 240% 23% 25% -9% 40%
Net Profit 4 11 -1 -3 -10 11 14 22
EPS in Rs 7.76 22.08 0.00 0.00 0.00 24.36 29.17 47.49
Dividend Payout % 19% 9% -93% -0% -0% 6% 7%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:-1.83%
3 Years:7.06%
TTM:52.00%
Compounded Profit Growth
10 Years:%
5 Years:5.54%
3 Years:81.45%
TTM:19.74%
Stock Price CAGR
10 Years:-1.29%
5 Years:5.33%
3 Years:12.35%
1 Year:-24.58%
Return on Equity
10 Years:%
5 Years:3.24%
3 Years:7.91%
Last Year:18.39%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
2 2 2 2 2 2 2 2
Reserves 58 68 65 62 54 66 78 88
Borrowings 53 67 84 81 81 81 75 74
78 86 83 97 73 73 104 130
Total Liabilities 192 223 234 242 210 223 260 294
33 56 54 52 45 51 54 64
CWIP 25 4 8 11 13 2 4 4
Investments 2 3 5 4 2 1 1 1
131 159 168 175 150 168 202 226
Total Assets 192 223 234 242 210 223 260 294

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
14 3 -5 10 -7 6 14
-13 -10 -14 -10 -0 2 -7
-0 15 14 -2 1 0 -5
Net Cash Flow 1 8 -5 -2 -7 9 2

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 19% 7% 3% -3% 14% 21%
Debtor Days 51 39 53 56 64 73 53
Inventory Turnover 4.59 3.19 2.62 2.19 2.41 3.21