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

₹ 829 -2.02%
21 Jan - 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 ₹ 1,724 Cr.
  • Current Price ₹ 829
  • High / Low ₹ 988 / 261
  • Stock P/E 26.4
  • Book Value ₹ 171
  • Dividend Yield 0.09 %
  • ROCE 23.8 %
  • ROE 19.6 %
  • Face Value ₹ 5.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 21.3%

Cons

  • The company has delivered a poor sales growth of 7.92% over past five years.
  • Earnings include an other income of Rs.44.3 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
154 94 70 93 159 161 121 98 153 126 174 141 152
131 91 60 78 130 132 102 84 128 109 148 119 127
Operating Profit 23 3 10 14 29 29 20 14 25 17 26 22 25
OPM % 15% 4% 14% 15% 18% 18% 16% 15% 16% 13% 15% 16% 17%
2 5 3 1 2 2 15 1 1 1 12 29 2
Interest 2 2 3 1 1 2 3 1 1 1 2 1 1
Depreciation 2 2 3 2 2 2 3 2 2 3 5 3 3
Profit before tax 22 4 7 12 27 27 28 13 23 13 31 47 23
Tax % 25% 25% 24% 39% 18% 21% 40% 25% 26% 24% 27% 25% 25%
16 3 6 7 22 21 17 10 17 10 23 35 17
EPS in Rs 7.82 1.60 2.64 3.48 10.58 10.18 8.22 4.59 8.18 4.83 10.84 16.89 8.38
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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 TTM
284 413 334 307 237 247 376 414 510 437 549 551 593
270 384 316 297 235 226 345 376 418 385 457 470 503
Operating Profit 14 28 17 10 2 22 31 38 93 52 92 81 90
OPM % 5% 7% 5% 3% 1% 9% 8% 9% 18% 12% 17% 15% 15%
3 5 4 7 2 4 5 9 10 13 19 15 44
Interest 7 7 9 9 9 9 10 9 9 8 7 5 6
Depreciation 6 9 13 11 8 6 4 6 7 9 10 12 14
Profit before tax 5 17 1 -4 -13 10 23 32 87 49 94 80 114
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 85
EPS in Rs 2.00 5.61 -0.54 -1.53 -5.34 6.09 7.29 12.57 31.54 17.54 32.45 28.38 40.94
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: 11%
Compounded Profit Growth
10 Years: 19%
5 Years: 34%
3 Years: -2%
TTM: 5%
Stock Price CAGR
10 Years: 40%
5 Years: 90%
3 Years: 49%
1 Year: 168%
Return on Equity
10 Years: 20%
5 Years: 25%
3 Years: 21%
Last Year: 20%

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 Sep 2024
Equity Capital 2 2 2 2 2 2 2 2 3 3 3 3 3
Reserves 58 68 65 62 54 66 78 100 169 204 271 330 353
53 67 84 81 81 81 75 70 58 64 43 64 62
78 86 83 97 73 73 104 97 139 124 129 168 152
Total Liabilities 192 223 234 242 210 223 260 269 369 395 446 563 569
33 56 54 52 45 51 52 72 80 86 111 185 164
CWIP 25 4 8 11 13 2 4 1 4 14 24 10 10
Investments 2 3 5 4 2 1 1 0 4 4 22 22 19
131 159 168 175 150 168 204 196 281 291 289 346 377
Total Assets 192 223 234 242 210 223 260 269 369 395 446 563 569

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 25 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 68 112
Working Capital Days 37 37 62 63 83 91 67 53 32 29 49 57
ROCE % 19% 7% 3% -3% 14% 21% 25% 47% 23% 31% 24%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 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% 0.08%
57.27% 57.27% 57.26% 54.24% 52.25% 52.24% 52.25% 52.17% 51.54% 51.67% 51.57% 51.64%
No. of Shareholders 15,31015,43314,77612,91512,42512,47513,05012,56514,07512,93313,22323,517

* 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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