Bajaj Steel Industries Ltd

About [ edit ]

Bajaj Steel Industries is engaged in the manufacturing of Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products, which it handles it from its 'Steel division' and manufacturing of Master Batches which it handles from its 'Plastic division'.

  • Market Cap 276 Cr.
  • Current Price 531
  • High / Low 560 / 77.0
  • Stock P/E 6.67
  • Book Value 238
  • Dividend Yield 0.38 %
  • ROCE 24.8 %
  • ROE 26.2 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 80.09% CAGR over last 5 years
  • Debtor days have improved from 57.27 to 45.27 days.

Cons

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 Mar 2020 Jun 2020 Sep 2020 Dec 2020
67 124 107 83 97 148 102 74 82 144 160
63 113 100 79 92 134 93 64 71 128 134
Operating Profit 4 12 8 4 5 14 9 10 11 16 27
OPM % 6% 9% 7% 5% 5% 9% 9% 13% 13% 11% 17%
Other Income 1 2 2 4 2 2 2 3 0 5 1
Interest 2 2 2 4 2 2 2 2 2 2 2
Depreciation 1 1 1 0 1 1 1 3 2 2 2
Profit before tax 2 11 6 4 4 13 9 7 8 17 24
Tax % 9% 21% 29% -28% 23% 24% 18% 25% 25% 26% 25%
Net Profit 2 9 4 5 3 10 7 5 6 13 18
EPS in Rs 3.30 18.21 9.32 10.70 6.34 20.34 14.81 10.72 12.53 24.67 33.88

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 TTM
284 413 334 307 237 247 376 414 460
270 384 316 297 235 226 345 376 397
Operating Profit 14 28 17 10 2 22 31 38 63
OPM % 5% 7% 5% 3% 1% 9% 8% 9% 14%
Other Income 3 5 4 7 2 4 5 9 9
Interest 7 7 9 9 9 9 10 9 8
Depreciation 6 9 13 11 8 6 4 6 9
Profit before tax 5 17 1 -4 -13 10 23 32 55
Tax % 22% 38% 240% 23% 25% -9% 40% 25%
Net Profit 4 11 -1 -3 -10 11 14 24 41
EPS in Rs 8.00 22.43 -2.15 -6.13 -21.36 24.36 29.17 50.30 81.80
Dividend Payout % 19% 9% -93% 0% 0% 6% 7% 4%
Compounded Sales Growth
10 Years:%
5 Years:4%
3 Years:20%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:80%
3 Years:65%
TTM:69%
Stock Price CAGR
10 Years:20%
5 Years:48%
3 Years:70%
1 Year:487%
Return on Equity
10 Years:%
5 Years:10%
3 Years:21%
Last Year:26%

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 Sep 2020
2 2 2 2 2 2 2 2 3
Reserves 58 68 65 62 54 66 78 100 121
Borrowings 53 67 84 81 81 81 75 70 44
78 86 83 97 73 73 104 98 150
Total Liabilities 192 223 234 242 210 223 260 269 318
33 56 54 52 45 51 52 67 70
CWIP 25 4 8 11 13 2 4 1 2
Investments 2 3 5 4 2 1 1 0 0
131 159 168 175 150 168 204 201 246
Total Assets 192 223 234 242 210 223 260 269 318

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
14 3 -5 10 -7 6 14 41
-13 -10 -14 -10 -0 2 -7 -21
-0 15 14 -2 1 0 -5 -8
Net Cash Flow 1 8 -5 -2 -7 9 2 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 7% 3% -3% 14% 21% 25%
Debtor Days 51 39 53 56 64 73 53 45
Inventory Turnover 4.62 3.22 2.64 2.22 2.44 3.25 3.10

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
36.55 36.71 36.64 36.64 36.64 36.64 36.64 36.64 36.64 36.64 42.74 42.74
0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
63.43 63.27 63.34 63.34 63.34 63.35 63.35 63.35 63.35 63.35 57.26 57.26

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