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Prices as of 9 Oct 2026 close · Not investment advice

Bajaj Steel Industries Limited

NSE: BAJAJSTIndustrial Products

Share price

₹333.95

+2.98% close of 9 Oct 2026

Market cap ₹668 CrP/E 23.0

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

55

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹668 Cr

P/E ratio

23.0

P/B ratio

1.6

ROCE

11.7%

ROE

9.1%

Dividend yield

0.3%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹596.9552-week low ₹307.20

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 2.6% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 12.0% to 8.8% over the last four years.

Whether it grew faster than its sector

It grew 6.3% a year against a sector median of 10.6% — 4.3 percentage points slower.

Room to re-rate, or risk of de-rating

At 23.0× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 89.5×, across 5 companies. It is against its own five-year median of 13.8×, the 90th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Bajaj Steel Industries Limited — this one-15%/yr23.0×—
INDOMIM8%/yr107.0×₹13.4
Aditya Infotech Limited48%/yr105.3×₹2.2
Syrma SGS Technology Limited39%/yr89.5×₹2.3
Honeywell Automation India Limited7%/yr53.0×₹7.6
Jyoti CNC Automation Limited157%/yr69.6×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Industrial Products), it ranks 45 of 75 on returns, 56 of 75 on growth, 40 of 75 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 11.7% on capital, ahead of 40% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Roughly — Over the last five years it made ₹267 crore of cash from the business and spent about as much on plant and equipment. And the profit is real: of every 100 rupees it reported over 12 years, about 108 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 1 days for its cash to waiting 40 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 8 checks clear · 88%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 10 Aug 2026 · Consolidated · Unaudited

Revenue

₹120 Cr

Revenue vs last year

+11.9%

Revenue vs last quarter

+3.1%

Net profit

-₹0 Cr

Profit vs last year

-103.6%

Profit vs last quarter

-111.6%

Net margin

-0.2%

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹668 Cr
Prev close
₹333.95
52w High
₹620
52w Low
₹302
Enterprise value
₹632 Cr
Beta
0.9
Price CAGR 1y
-40.0%
Price CAGR 3y
7.0%
Price CAGR 5y
8.0%
Price CAGR 10y
34.0%

Ratios

Return on assets
5.3%
PEG ratio
-1.6
P/E ratio
23.0
P/B ratio
1.6
EV / EBITDA
12.0
Industry P/E
36.1
ROCE
11.7%
ROCE 5y average
22.2%
ROE
9.1%
Debt / Equity
0.1
Interest coverage
11.0
Dividend yield
0.3%
ROE 3y average
14.0%
ROE last year
9.0%

Annual P&L

Annual revenue
₹524 Cr
Annual profit
₹37 Cr
Operating margin
12.0%
Net profit margin
7.1%
EBITDA margin
11.5%
Sales growth 3y
-1.5%
Sales growth 5y
0.5%
Profit growth 3y
-15.0%
Profit growth 5y
-10.0%
EPS
₹17.8
Sales growth TTM
-3.0%
Profit growth TTM
-48.0%
Dividend payout
6.0%

Quarter P&L

Sales latest quarter
₹120 Cr
Profit latest quarter
-₹0 Cr
YoY quarterly sales growth
11.9%
YoY quarterly profit growth
-103.6%
OPM latest quarter
4.9%

Balance Sheet

Book Value
₹212
Face Value
₹5.0
Total debt
₹63 Cr
Total cash
₹99 Cr
Borrowings
₹63 Cr
Reserves / Equity
41.4

Cash Flow

Operating cash flow
₹78 Cr
Free cash flow
₹16 Cr
FCF yield
1.6%
Net cash flow
₹15 Cr

Shareholding

Promoter holding
56.6%
FII holding
0.0%
DII holding
0.0%
Public holding
43.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Indo-MIM1,359.90104.267,2690.00240.131.61,218.79.425.0
Aditya Infotech4,064.90104.549,8580.04142.2332.51,402.489.528.6
Syrma SGS Tech.1,746.7090.833,7080.09105.7101.21,588.668.316.8
Honeywell Auto33,345.0052.729,4910.33150.720.91,204.41.816.9
Jyoti CNC Auto.1,071.0075.724,3560.0057.1-20.0508.524.021.3
Kaynes Tech3,365.0065.222,6540.0056.4-24.4946.040.512.7
LMW16,819.0098.217,9420.2155.5369.2860.724.05.6
Bajaj Steel Inds331.4023.56880.30-0.3-103.7120.411.911.7
Median347.4836.06690.005.731.675.023.616.1

Competes with: Aditya Infotech Limited, Honeywell Automation India Limited, INDOMIM, Jyoti CNC Automation Limited, Kaynes Technology India Limited, LLOYDS ENGINEERING WORKS LIMITED, LMW Limited, Syrma SGS Technology Limited, Tega Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales98153126174141152138154108175125117120
Expenses8412810914811912711712994143116111114
Material Cost71
Change in Inventories-1.71
Purchases of Stock-in-Trade0
Employee Cost21
Other Expenses24
Operating Profit142517262225212414329.315.625.88
OPM %151613151617151613187.434.814.89
Other Income1.360.791.2712291.751.656.491.401.553.825.591.45
Exceptional items (within Other Income)0
Interest0.700.651.202.451.010.850.941.391.291.331.361.101.49
Depreciation2.352.393.454.782.952.953.016.033.733.733.786.304.97
Profit before tax13231331472318239.93287.993.810.87
Tax %252624272525262225252639131
Net Profit9.54171023351714187.40215.912.32-0.27
EPS in Rs4.598.184.8311178.386.598.683.56102.841.12-0.13

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales334307237247376414510437549551585524537
Expenses316297235226345376418385457470492463484
Operating Profit1710222313893529281926053
OPM %53.100.9098918121715161210
Other Income47245910131915391212
Interest999910998754.1955
Depreciation13118646791012151819
Profit before tax1-4-13102332874994801125041
Tax %240-23-25-94025252528262526
Net Profit-1-3-1011142466366859843729
EPS in Rs-0.54-1.53-5.346.097.291332183228411814
Dividend Payout %-9300674232326

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
5%
5 years
1%
3 years
-2%
TTM
-3%

Compounded profit growth

10 years
29%
5 years
-10%
3 years
-15%
TTM
-48%

Stock price CAGR

10 years
34%
5 years
8%
3 years
7%
1 year
-40%

Return on equity

10 years
18%
5 years
16%
3 years
14%
Last year
9%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2222223332.601010
Reserves6562546678100169204271330377414
Borrowings848181817570516443646563
Other Liabilities8397737310497147124129168151213
Total Liabilities234242210223260269369395446564604699
Fixed Assets5452455152728086111185218255
CWIP8111324141424101927
Investments542110442222912
Other Assets168175150168204196281291289347358405
Total Assets234242210223260269369395446564604699

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-510-761441895527555278
Cash from Investing Activity-14-10-02-7-21-12-20-52-66-38-58
Cash from Financing Activity14-210-5-8-194-2219-26-5
Net Cash Flow-5-2-792125939-478-1215
Free Cash Flow-20-2-1146197330-12-17-4.6416

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days535664735345492025333040
Inventory Days119147145150131117117144150184197251
Days Payable75105817768781108710710992134
Cash Conversion Cycle979712814611685567768108135156
Working Capital Days11151619272518128295440
ROCE %73-3142125482331242112

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters484848484848484848575757
FIIs0.070.070.070.070.160.080.070.150.060.040.040.04
DIIs0000000.080.010.010.010.010.01
Public525252525252525252434343
No. of Shareholders13,05012,56514,07512,93313,22323,51723,75123,46624,02924,14823,73823,071

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -38.4% (₹542.10 → ₹333.95)Brick size ₹13.27 (fixed)Bricks 60
₹400₹500₹600₹334Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹333.95 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

50.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-36.00inr_cr

2026-03-31

News

News and filings about Bajaj Steel Industries Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Cast iron (for machine bodies, frames)
  • Copper wire & busbars (for LT/HT electrical panels)
  • Electrical / electronic components (switchgear, relays, drives)
  • Hot-rolled coils / cold-rolled steel sheets
  • Hydraulic seals, valves & fittings (for hydraulic cylinders & power packs)
  • Mild steel plates & structural sections (MS plates, channels, beams)

Depends on the price of

  • copper
  • cotton
  • steel

Buys from

  • Adroit Infotech Limited · SAP consulting / implementation services. Logo rendered: 'BAJAJ STEEL INDUSTRIES LTD, SINC…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Industrial Products
Classification
Capital Goods › Industrial Products
ISIN
INE704G01024

Plants

  • Electrical & Engineering Plant — Wadi Road, Hingna MIDC (Plot G6/7) · Nagpur, Maharashtra
  • Imambada Plant (Original / legacy) · Nagpur, Maharashtra
  • MIDC Hingna Plant — Plot C-108 (Primary / Head Office) · Nagpur, Maharashtra
  • PEB / Infrastructure Plant — Hingna MIDC (separate block) · Nagpur, Maharashtra

News impact

Big market events that reach Bajaj Steel Industries Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

16 Sep 2026unspecified₹1

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.