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

₹ 784 -1.12%
26 Dec - close price
bajajngp.com BSE: 507944
About

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

Key Points

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.

Website BSE
  • Market Cap ₹ 1,631 Cr.
  • Current Price ₹ 784
  • High / Low ₹ 988 / 261
  • Stock P/E 29.7
  • Book Value ₹ 161
  • Dividend Yield 0.10 %
  • ROCE 21.4 %
  • ROE 17.6 %
  • Face Value ₹ 5.00
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Pros

Cons

  • The company has delivered a poor sales growth of 8.24% over past five years.
  • Earnings include an other income of Rs.41.8 Cr.
  • Debtor days have increased from 28.2 to 39.0 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
148 90 62 67 144 153 109 76 128 123 166 115 138
126 86 54 60 120 125 91 68 111 108 141 100 116
Operating Profit 22 3 9 7 24 28 18 9 17 15 25 15 21
OPM % 15% 4% 14% 10% 17% 18% 16% 11% 13% 12% 15% 13% 16%
1 5 3 1 2 2 15 1 1 1 12 28 1
Interest 2 2 2 1 1 2 3 1 1 1 2 1 1
Depreciation 2 2 3 2 2 2 3 2 2 2 5 3 3
Profit before tax 20 4 6 5 23 26 27 7 14 13 30 39 19
Tax % 25% 28% 23% 25% 25% 21% 40% 25% 25% 26% 27% 25% 25%
15 3 5 4 17 20 16 5 11 10 21 29 14
EPS in Rs 7.24 1.48 2.31 1.76 8.23 9.70 7.66 2.56 5.22 4.74 10.32 14.02 6.86
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
284 406 333 283 211 234 332 390 482 412 489 493 542
270 375 312 270 211 215 305 354 397 365 411 428 466
Operating Profit 15 30 21 12 1 19 28 35 86 47 78 66 77
OPM % 5% 7% 6% 4% 0% 8% 8% 9% 18% 11% 16% 13% 14%
3 5 4 5 2 4 3 7 8 13 19 15 42
Interest 7 7 9 9 9 9 10 9 9 8 7 5 5
Depreciation 6 9 12 11 8 6 4 6 7 9 10 11 13
Profit before tax 5 19 4 -3 -14 8 17 27 78 43 80 64 101
Tax % 20% 35% 46% -31% -27% -11% 52% 29% 25% 25% 29% 26%
4 12 2 -2 -10 9 8 19 59 32 57 48 75
EPS in Rs 2.27 6.53 1.08 -1.01 -5.49 4.87 4.38 10.19 28.28 15.60 27.35 22.84 35.94
Dividend Payout % 17% 8% 46% 0% 0% 8% 11% 5% 3% 3% 3% 3%
Compounded Sales Growth
10 Years: 2%
5 Years: 8%
3 Years: 1%
TTM: 16%
Compounded Profit Growth
10 Years: 15%
5 Years: 42%
3 Years: -6%
TTM: 11%
Stock Price CAGR
10 Years: 41%
5 Years: 94%
3 Years: 54%
1 Year: 196%
Return on Equity
10 Years: 17%
5 Years: 23%
3 Years: 19%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 2 2 2 2 2 3 3 3 3 3
Reserves 59 70 70 68 60 69 76 94 157 188 244 290 332
53 67 84 80 79 81 75 70 58 64 43 63 62
77 85 79 84 64 60 95 91 135 102 101 146 141
Total Liabilities 191 224 236 235 205 212 249 257 352 357 390 502 537
32 55 53 49 43 50 50 70 77 83 107 179 156
CWIP 25 4 8 12 13 2 4 1 4 14 23 9 9
Investments 4 8 13 14 13 11 11 11 14 14 15 15 20
130 158 163 161 136 149 184 175 257 246 244 298 352
Total Assets 191 224 236 235 205 212 249 257 352 357 390 502 537

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14 5 -1 6 -2 2 15 39 84 41 16 42
-13 -12 -17 -11 -1 2 -7 -20 -10 -20 -34 -65
-0 15 14 -3 1 0 -5 -8 -19 4 -22 19
Net Cash Flow 0 8 -5 -7 -2 4 3 12 54 26 -40 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52 41 55 62 71 79 57 47 49 19 26 39
Inventory Days 98 83 113 144 141 123 138 105 110 120 137 182
Days Payable 79 59 72 106 86 76 75 86 115 77 103 122
Cash Conversion Cycle 71 65 96 100 126 127 120 66 44 62 60 99
Working Capital Days 37 37 61 73 91 97 69 49 27 31 55 65
ROCE % 11% 20% 8% 4% -3% 12% 18% 23% 44% 22% 28% 21%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Nov 2024
42.73% 42.73% 42.73% 45.77% 47.69% 47.69% 47.69% 47.77% 48.39% 48.27% 48.27% 48.27%
0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.16% 0.12%
57.27% 57.27% 57.26% 54.24% 52.25% 52.24% 52.25% 52.17% 51.54% 51.67% 51.57% 51.61%
No. of Shareholders 15,31015,43314,77612,91512,42512,47513,05012,56514,07512,93313,22324,096

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Nov 2024
    Transcript
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