Skip to main content
Swing Capital

Bajaj Steel Industries Ltd

NSE: BAJAJST BSE: 507944Metal

Incorporated in 1961, Bajaj Steel Industries Ltd manufactures Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products[1]

₹402
52W: ₹302 — ₹795
PE 18.1 · Book ₹185 · +117% vs book
Market Cap₹836 Cr
Stock P/E18.1Price to Earnings
ROCE20%Return on Capital
ROE17.1%Return on Equity
Div. Yield0.24%Face Value ₹5

Strengths

  • +Company has reduced debt.
  • +Company has delivered good profit growth of 23.7% CAGR over last 5 years

Weaknesses

  • −The company has delivered a poor sales growth of 6.54% over past five years.

Shareholding Pattern

Promoters56.62%
FIIs0.04%
DIIs0.01%
Public43.34%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.27%48.27%48.27%48.27%48.27%48.27%56.62%▲8.356.62%
FIIs0.07%0.16%▲0.10.08%▼0.10.07%▼0.00.15%▲0.10.06%▼0.10.04%▼0.00.04%
DIIs0%0%0%0.08%▲0.10.01%▼0.10.01%0.01%0.01%
Public51.67%51.57%▼0.151.64%▲0.151.58%▼0.151.59%▲0.051.66%▲0.143.34%▼8.343.34%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales128122.99166.35115.26137.69130.96150.7592.95150.46117.96
Expenses111.21107.77141.27100.15116.35111.17124.4782.61126.95107.64
Operating Profit16.7915.2225.0815.1121.3419.7926.2810.3423.5110.32
OPM %13.12%12.37%15.08%13.11%15.5%15.11%17.43%11.12%15.63%8.75%
Net Profit10.869.8621.4629.1614.2612.9519.774.9814.826.71
EPS ₹5.224.7410.3214.026.866.239.52.397.123.23

AI Insights

Revenue Trend

TTM revenue at ₹512Cr, down 4.3% YoY. OPM at 14%.

Debt Position

Borrowings at ₹49Cr. Debt-to-equity ratio: 0.13x. Healthy balance sheet.

Capex Cycle

CWIP at ₹39Cr (24% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.01% (+0.01pp change). FIIs: 0.04% (-0.03pp change). Promoters hold 56.62%.

Margin & Efficiency

ROCE improving from 20% (Mar 2014) to 20% (Mar 2025). Working capital days: 58.

Valuation

PE 18.1x with 20% ROCE. Price is 117% above book value of ₹185. Dividend yield: 0.24%.

Recent Announcements