Bajaj Steel Industries Ltd
Incorporated in 1961, Bajaj Steel Industries
Ltd manufactures Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products[1]
- Market Cap ₹ 910 Cr.
- Current Price ₹ 1,750
- High / Low ₹ 1,864 / 936
- Stock P/E 15.4
- Book Value ₹ 639
- Dividend Yield 0.17 %
- ROCE 23.7 %
- ROE 19.5 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.2%
Cons
- The company has delivered a poor sales growth of 7.93% over past five years.
- Working capital days have increased from 50.6 days to 71.8 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
284 | 413 | 334 | 307 | 237 | 247 | 376 | 414 | 510 | 437 | 533 | 551 | |
270 | 384 | 316 | 297 | 235 | 226 | 345 | 376 | 418 | 385 | 442 | 470 | |
Operating Profit | 14 | 28 | 17 | 10 | 2 | 22 | 31 | 38 | 93 | 52 | 91 | 80 |
OPM % | 5% | 7% | 5% | 3% | 1% | 9% | 8% | 9% | 18% | 12% | 17% | 15% |
3 | 5 | 4 | 7 | 2 | 4 | 5 | 9 | 10 | 13 | 20 | 16 | |
Interest | 7 | 7 | 9 | 9 | 9 | 9 | 10 | 9 | 9 | 8 | 7 | 5 |
Depreciation | 6 | 9 | 13 | 11 | 8 | 6 | 4 | 6 | 7 | 9 | 10 | 12 |
Profit before tax | 5 | 17 | 1 | -4 | -13 | 10 | 23 | 32 | 87 | 49 | 94 | 80 |
Tax % | 22% | 38% | 240% | -23% | -25% | -9% | 40% | 25% | 25% | 25% | 28% | 26% |
4 | 11 | -1 | -3 | -10 | 11 | 14 | 24 | 66 | 36 | 68 | 59 | |
EPS in Rs | 8.00 | 22.43 | -2.15 | -6.13 | -21.36 | 24.36 | 29.17 | 50.30 | 126.15 | 70.17 | 129.81 | 113.50 |
Dividend Payout % | 19% | 9% | -93% | 0% | 0% | 6% | 7% | 4% | 2% | 3% | 2% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 8% |
3 Years: | 3% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 34% |
3 Years: | -3% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 79% |
3 Years: | 10% |
1 Year: | 48% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 25% |
3 Years: | 21% |
Last Year: | 19% |
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 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
Reserves | 58 | 68 | 65 | 62 | 54 | 66 | 78 | 100 | 169 | 204 | 271 | 330 |
53 | 67 | 84 | 81 | 81 | 81 | 75 | 70 | 58 | 64 | 43 | 64 | |
78 | 86 | 83 | 97 | 73 | 73 | 104 | 97 | 139 | 124 | 129 | 167 | |
Total Liabilities | 192 | 223 | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 563 |
33 | 56 | 54 | 52 | 45 | 51 | 52 | 72 | 80 | 86 | 111 | 148 | |
CWIP | 25 | 4 | 8 | 11 | 13 | 2 | 4 | 1 | 4 | 14 | 24 | 10 |
Investments | 2 | 3 | 5 | 4 | 2 | 1 | 1 | 0 | 4 | 4 | 22 | 22 |
131 | 159 | 168 | 175 | 150 | 168 | 204 | 196 | 281 | 291 | 289 | 383 | |
Total Assets | 192 | 223 | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 563 |
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 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 3 | -5 | 10 | -7 | 6 | 14 | 41 | 89 | 55 | 27 | 55 | |
-13 | -10 | -14 | -10 | -0 | 2 | -7 | -21 | -12 | -20 | -52 | -66 | |
-0 | 15 | 14 | -2 | 1 | 0 | -5 | -8 | -19 | 4 | -22 | 19 | |
Net Cash Flow | 1 | 8 | -5 | -2 | -7 | 9 | 2 | 12 | 59 | 39 | -47 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 51 | 39 | 53 | 56 | 64 | 73 | 53 | 45 | 49 | 20 | 29 | 33 |
Inventory Days | 102 | 85 | 119 | 147 | 145 | 150 | 131 | 117 | 117 | 144 | 150 | 193 |
Days Payable | 80 | 59 | 75 | 105 | 81 | 77 | 68 | 78 | 110 | 87 | 107 | 114 |
Cash Conversion Cycle | 73 | 65 | 97 | 97 | 128 | 146 | 116 | 85 | 56 | 77 | 71 | 112 |
Working Capital Days | 37 | 37 | 62 | 63 | 83 | 91 | 67 | 53 | 32 | 29 | 51 | 72 |
ROCE % | 19% | 7% | 3% | -3% | 14% | 21% | 25% | 47% | 23% | 31% | 24% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - With reference to subject matter, please find enclosed the certificate issued by our RTA under Regulation 74(5) of the SEBI (DP) Regulations, 2018, for the …
- Intimation Under Regulation 30 Of SEBI Listing Regulations, 2015, With Regard To Receipt Of Money In The Form Of Dividend From The Wholly Owned Subsidiary 28 Jun
- Closure of Trading Window 28 Jun
- Approval Received For Re-Classification Of Shareholders Of Bajaj Steel Industries Limited ('The Company') From 'Promoter And Promoter Group' Category To 'Public' Category, Under Regulation 31A Of SEBI Listing Regulations, 2015 26 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial Compliance Report for the FY 2023-24, issued by M/s Siddharth Sipani & Associates, Company Secretaries, Nagpur.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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.