Bajaj Steel Industries
BAJAJST NSE
Bajaj Steel Industries
Capital GoodsNSE: BAJAJST BSE: 507944 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹760 Cr
Volatility
Moderate
P/E Ratio
26.01
EBITDA
₹72.60 Cr
Return on Equity
8.7%
Debt to Equity
0.15
Book Value
₹203.83
52W High
₹507.8
52W Low
₹343
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- The company has delivered a poor sales growth of 0.51% over past five years.
- Company has a low return on equity of 13.8% over last 3 years.
- Dividend payout has been low at 3.58% of profits over last 3 years
Growth Rate
Revenue Growth
-10.16% lower than
3Y
Net Income Growth
-56.23% lower than
3Y
Cash Flow Change
50% higher than
3Y
ROE
-60.04% lower than
3Y
ROCE
-55.98% lower than
3Y
EBITDA Margin (Avg.)
-22.69% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 98.01 | 153 | 126 | 174 | 141 | 152 | 138 | 154 | 108 | 175 | 125 | 117 | 120 |
| Expenses | 83.55 | 128 | 109 | 148 | 119 | 127 | 117 | 129 | 93.98 | 143 | 116 | 111 | 114 |
| Operating Profit | 14.46 | 25.07 | 16.68 | 25.93 | 21.85 | 25.3 | 20.78 | 24.18 | 13.55 | 31.79 | 9.31 | 5.62 | 5.88 |
| OPM % | 14.75% | 16.36% | 13.25% | 14.91% | 15.5% | 16.62% | 15.05% | 15.75% | 12.6% | 18.21% | 7.43% | 4.81% | 4.89% |
| Other Income | 1.36 | 0.79 | 1.27 | 12.23 | 29.06 | 1.75 | 1.65 | 6.49 | 1.4 | 1.55 | 3.82 | 5.59 | 1.45 |
| Interest | 0.7 | 0.65 | 1.2 | 2.45 | 1.01 | 0.85 | 0.94 | 1.39 | 1.29 | 1.33 | 1.36 | 1.1 | 1.49 |
| Depreciation | 2.35 | 2.39 | 3.45 | 4.78 | 2.95 | 2.95 | 3.01 | 6.03 | 3.73 | 3.73 | 3.78 | 6.3 | 4.97 |
| PBT | 12.77 | 22.82 | 13.3 | 30.93 | 46.95 | 23.25 | 18.48 | 23.25 | 9.93 | 28.28 | 7.99 | 3.81 | 0.87 |
| Tax % | 25.29% | 25.5% | 24.44% | 27.09% | 25.18% | 24.99% | 25.81% | 22.37% | 25.48% | 24.75% | 26.03% | 39.11% | 131.03% |
| Net Profit | 9.54 | 17.01 | 10.05 | 22.55 | 35.13 | 17.43 | 13.71 | 18.06 | 7.4 | 21.28 | 5.91 | 2.32 | -0.27 |
| EPS in Rs | 4.59 | 8.18 | 4.83 | 10.84 | 16.89 | 8.38 | 6.59 | 8.68 | 3.56 | 10.23 | 2.84 | 1.12 | -0.13 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 334 | 307 | 237 | 247 | 376 | 414 | 510 | 437 | 549 | 551 | 585 | 524 | 537 |
| Expenses | 316 | 297 | 235 | 226 | 345 | 376 | 418 | 385 | 457 | 470 | 492 | 463 | 484 |
| Operating Profit | 17 | 10 | 2 | 22 | 31 | 38 | 93 | 52 | 92 | 81 | 92 | 60 | 53 |
| OPM % | 5% | 3.1% | 0.9% | 9% | 8% | 9% | 18% | 12% | 17% | 15% | 16% | 12% | 10% |
| Other Income | 4 | 7 | 2 | 4 | 5 | 9 | 10 | 13 | 19 | 15 | 39 | 12 | 12 |
| Interest | 9 | 9 | 9 | 9 | 10 | 9 | 9 | 8 | 7 | 5 | 4 | 5 | 5 |
| Depreciation | 13 | 11 | 8 | 6 | 4 | 6 | 7 | 9 | 10 | 12 | 15 | 18 | 19 |
| PBT | 1 | -4 | -13 | 10 | 23 | 32 | 87 | 49 | 94 | 80 | 112 | 50 | 41 |
| Tax % | 240% | -23% | -25% | -9% | 40% | 25% | 25% | 25% | 28% | 26% | 25% | 26% | — |
| Net Profit | -1 | -3 | -10 | 11 | 14 | 24 | 66 | 36 | 68 | 59 | 84 | 37 | 29 |
| EPS in Rs | -0.54 | -1.53 | -5.34 | 6.09 | 7.29 | 12.57 | 31.54 | 17.54 | 32.45 | 28.38 | 40.54 | 17.75 | 14.06 |
| Div. Payout % | -93% | 0% | 0% | 6% | 7% | 4% | 2% | 3% | 2% | 3% | 2% | 6% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 10 | 10 |
| Reserves | 65 | 62 | 54 | 66 | 78 | 100 | 169 | 204 | 271 | 330 | 377 | 414 |
| Borrowings | 84 | 81 | 81 | 81 | 75 | 70 | 51 | 64 | 43 | 64 | 65 | 63 |
| Other Liabilities | 83 | 97 | 73 | 73 | 104 | 97 | 147 | 124 | 129 | 168 | 151 | 213 |
| Total Liabilities | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 564 | 604 | 699 |
| Fixed Assets | 54 | 52 | 45 | 51 | 52 | 72 | 80 | 86 | 111 | 185 | 218 | 255 |
| CWIP | 8 | 11 | 13 | 2 | 4 | 1 | 4 | 14 | 24 | 10 | 19 | 27 |
| Investments | 5 | 4 | 2 | 1 | 1 | 0 | 4 | 4 | 22 | 22 | 9 | 12 |
| Other Assets | 168 | 175 | 150 | 168 | 204 | 196 | 281 | 291 | 289 | 347 | 358 | 405 |
| Total Assets | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 564 | 604 | 699 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -5 | 10 | -7 | 6 | 14 | 41 | 89 | 55 | 27 | 55 | 52 | 78 |
| Investing | -14 | -10 | 0 | 2 | -7 | -21 | -12 | -20 | -52 | -66 | -38 | -58 |
| Financing | 14 | -2 | 1 | 0 | -5 | -8 | -19 | 4 | -22 | 19 | -26 | -5 |
| Net Cash Flow | -5 | -2 | -7 | 9 | 2 | 12 | 59 | 39 | -47 | 8 | -12 | 15 |
| Free Cash Flow | -20 | -2 | -11 | 4 | 6 | 19 | 73 | 30 | -12 | -17 | -4 | 16 |
| CFO/OP | -7 | 109 | -312 | 29 | 59 | 123 | 116 | 135 | 57 | 90 | 87 | 154 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 56 | 64 | 73 | 53 | 45 | 49 | 20 | 25 | 33 | 30 | 40 |
| Inventory Days | 119 | 147 | 145 | 150 | 131 | 117 | 117 | 144 | 150 | 184 | 197 | 251 |
| Days Payable | 75 | 105 | 81 | 77 | 68 | 78 | 110 | 87 | 107 | 109 | 92 | 134 |
| Cash Conversion Cycle | 97 | 97 | 128 | 146 | 116 | 85 | 56 | 77 | 68 | 108 | 135 | 156 |
| Working Capital Days | 11 | 15 | 16 | 19 | 27 | 25 | 18 | 1 | 28 | 29 | 54 | 40 |
| ROCE % | 7% | 3% | -3% | 14% | 21% | 25% | 48% | 23% | 31% | 24% | 21% | 12% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bajaj Steel Industries insights
38 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Bajaj Steel Industries says it is not a Large Corporate as of March 31, 2026. 30 Apr - Bajaj Steel Industries says it is not a Large Corporate as of March 31, 2026.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Bajaj Steel Industries says it is not a Large Corporate as of March 31, 2026. 30 Apr - Bajaj Steel Industries says it is not a Large Corporate as of March 31, 2026.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. 13 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
4
Clarification On Price Movement
8 Apr - Company says it knows no specific reason for recent share price movement. 8 Apr - Company says it knows no specific reason for recent share price movement.
5
Clarification sought from Bajaj Steel Industries Ltd
7 Apr - Exchange has sought clarification from Bajaj Steel Industries Ltd on April 7, 2026 with reference to significant movement in price, in order to ensure that … 7 Apr - Exchange has sought clarification from Bajaj Steel Industries Ltd on April 7, 2026 with reference to significant movement in price, in order to ensure that …
Frequently Asked Questions about Bajaj Steel Industries
What does Bajaj Steel Industries Ltd do?
Incorporated in 1961, Bajaj Steel Industries
Ltd manufactures Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products[1]
Where is Bajaj Steel Industries Ltd (507944) listed?
Bajaj Steel Industries Ltd trades as BAJAJST on the NSE and under code 507944 on the BSE.
Which sector does Bajaj Steel Industries Ltd belong to?
Bajaj Steel Industries Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of Bajaj Steel Industries Ltd?
Bajaj Steel Industries Ltd has a market capitalisation of ₹759.62 Cr, which places it in the Small Cap band.
What is the PE ratio of Bajaj Steel Industries Ltd?
Bajaj Steel Industries Ltd trades at a PE ratio of 26.01, against a book value of ₹203.83 per share.
What is the 52-week high and low of Bajaj Steel Industries Ltd?
Over the last 52 weeks Bajaj Steel Industries Ltd has traded between ₹343 and ₹507.8.
Does Bajaj Steel Industries Ltd pay dividends?
Bajaj Steel Industries Ltd has a dividend yield of 0.28%.
What is the Return on Equity (ROE) of Bajaj Steel Industries Ltd?
Bajaj Steel Industries Ltd reported a return on equity of 8.70%. Its debt-to-equity ratio is 0.15.
Company Information
Incorporated in 1961, Bajaj Steel Industries Ltd manufactures Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products[1]
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