Bajaj Steel Industries Ltd

₹ 570 0.19%

29 Jul 2:32 p.m.

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 ₹ 1,186 Cr.
Current Price ₹ 570
High / Low ₹ 988 / 441
Stock P/E 22.8
Book Value ₹ 176
Dividend Yield 0.13 %
ROCE 19.9 %
ROE 17.0 %
Face Value ₹ 5.00

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Pros

Company has delivered good profit growth of 23.7% CAGR over last 5 years

Cons

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

* 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	67.40	144.47	153.29	108.52	76.37	128.00	122.99	166.35	115.26	137.69	130.96	150.75	92.95
	60.32	119.98	125.45	90.87	67.66	111.21	107.77	141.27	100.15	116.35	111.17	124.47	82.61
Operating Profit	7.08	24.49	27.84	17.65	8.71	16.79	15.22	25.08	15.11	21.34	19.79	26.28	10.34
OPM %	10.50%	16.95%	18.16%	16.26%	11.41%	13.12%	12.37%	15.08%	13.11%	15.50%	15.11%	17.43%	11.12%
	1.29	1.94	1.51	14.95	1.25	0.64	1.26	11.51	27.71	1.36	1.42	6.39	1.22
Interest	1.38	1.48	1.66	2.70	0.59	0.65	0.95	2.45	1.01	0.85	0.94	1.39	1.29
Depreciation	2.10	2.10	2.10	3.24	2.29	2.29	2.29	4.63	2.86	2.86	2.88	5.84	3.61
Profit before tax	4.89	22.85	25.59	26.66	7.08	14.49	13.24	29.51	38.95	18.99	17.39	25.44	6.66
Tax %	25.15%	25.12%	21.18%	40.21%	24.86%	25.12%	25.53%	27.28%	25.13%	24.91%	25.53%	22.29%	25.08%
	3.66	17.11	20.17	15.93	5.33	10.86	9.86	21.46	29.16	14.26	12.95	19.77	4.98
EPS in Rs	1.76	8.23	9.70	7.66	2.56	5.22	4.74	10.32	14.02	6.86	6.23	9.50	2.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	406	333	283	211	234	332	390	482	412	489	493	535	512
	375	312	270	211	215	305	354	397	365	411	428	452	435
Operating Profit	30	21	12	1	19	28	35	86	47	78	66	83	78
OPM %	7%	6%	4%	0%	8%	8%	9%	18%	11%	16%	13%	15%	15%
	5	4	5	2	4	3	7	8	13	19	15	37	10
Interest	7	9	9	9	9	10	9	9	8	7	5	4	4
Depreciation	9	12	11	8	6	4	6	7	9	10	11	14	15
Profit before tax	19	4	-3	-14	8	17	27	78	43	80	64	101	68
Tax %	35%	46%	-31%	-27%	-11%	52%	29%	25%	25%	29%	26%	24%
	12	2	-2	-10	9	8	19	59	32	57	48	76	52
EPS in Rs	6.53	1.08	-1.01	-5.49	4.87	4.38	10.19	28.28	15.60	27.35	22.84	36.61	24.98
Dividend Payout %	8%	46%	0%	0%	8%	11%	5%	3%	3%	3%	3%	3%

Compounded Sales Growth
10 Years:	5%
5 Years:	7%
3 Years:	9%
TTM:	-4%

Compounded Profit Growth
10 Years:	39%
5 Years:	24%
3 Years:	20%
TTM:	1%

Stock Price CAGR
10 Years:	38%
5 Years:	77%
3 Years:	60%
1 Year:	29%

Return on Equity
10 Years:	18%
5 Years:	22%
3 Years:	19%
Last Year:	17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2	2	2	2	2	2	2	3	3	3	3	10
Reserves	70	70	68	60	69	76	94	157	188	244	290	356
	67	84	80	79	81	75	70	58	64	43	63	65
	85	79	84	64	60	95	91	135	102	101	146	128
Total Liabilities	224	236	235	205	212	249	257	352	357	390	502	560
	55	53	49	43	50	50	70	77	83	107	179	168
CWIP	4	8	12	13	2	4	1	4	14	23	9	19
Investments	8	13	14	13	11	11	11	14	14	15	15	10
	158	163	161	136	149	184	175	257	246	244	298	364
Total Assets	224	236	235	205	212	249	257	352	357	390	502	560

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5	-1	6	-2	2	15	39	84	41	16	42	50
	-12	-17	-11	-1	2	-7	-20	-10	-20	-34	-65	-45
	15	14	-3	1	0	-5	-8	-19	4	-22	19	0
Net Cash Flow	8	-5	-7	-2	4	3	12	54	26	-40	-4	5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	41	55	62	71	79	57	47	49	19	26	39	31
Inventory Days	83	113	144	141	123	138	105	110	120	137	182	192
Days Payable	59	72	106	86	76	75	86	115	77	103	122	95
Cash Conversion Cycle	65	96	100	126	127	120	66	44	62	60	99	129
Working Capital Days	9	10	22	16	20	24	19	13	1	31	34	58
ROCE %	20%	8%	4%	-3%	12%	18%	23%	44%	22%	28%	21%	20%

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	42.73%	45.77%	47.69%	47.69%	47.69%	47.77%	48.39%	48.27%	48.27%	48.27%	48.27%	48.27%
	0.00%	0.00%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.16%	0.08%	0.07%	0.15%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.01%
	57.26%	54.24%	52.25%	52.24%	52.25%	52.17%	51.54%	51.67%	51.57%	51.64%	51.58%	51.59%
No. of Shareholders	14,776	12,915	12,425	12,475	13,050	12,565	14,075	12,933	13,223	23,517	23,751	23,466

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	36.62%	36.55%	36.64%	36.64%	42.74%	42.73%	47.69%	48.39%	48.27%	48.27%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.07%	0.07%	0.15%
	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.01%
	63.36%	63.43%	63.34%	63.35%	57.26%	57.27%	52.25%	51.54%	51.58%	51.59%
No. of Shareholders	3,988	3,876	4,099	3,896	6,744	15,310	12,425	14,075	23,751	23,466

* 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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Bajaj Steel Industries Ltd

Bajaj Steel Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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