Price
Financials
Consolidated, Rs crore| 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 | 153.20 | 125.86 | 173.89 | 141.01 | 152.22 | 138.05 | 153.50 | 107.53 | 174.62 | 125.27 | 116.76 | 120.35 |
| Expenses | 128.13 | 109.18 | 147.96 | 119.16 | 126.92 | 117.27 | 129.32 | 93.98 | 142.83 | 115.96 | 111.14 | 114.47 |
| Operating Profit | 25.07 | 16.68 | 25.93 | 21.85 | 25.30 | 20.78 | 24.18 | 13.55 | 31.79 | 9.31 | 5.62 | 5.88 |
| OPM % | 16.36% | 13.25% | 14.91% | 15.50% | 16.62% | 15.05% | 15.75% | 12.60% | 18.21% | 7.43% | 4.81% | 4.89% |
| Other Income | 0.79 | 1.27 | 12.23 | 29.06 | 1.75 | 1.65 | 6.49 | 1.40 | 1.55 | 3.82 | 5.59 | 1.45 |
| Interest | 0.65 | 1.20 | 2.45 | 1.01 | 0.85 | 0.94 | 1.39 | 1.29 | 1.33 | 1.36 | 1.10 | 1.49 |
| Depreciation | 2.39 | 3.45 | 4.78 | 2.95 | 2.95 | 3.01 | 6.03 | 3.73 | 3.73 | 3.78 | 6.30 | 4.97 |
| Profit before tax | 22.82 | 13.30 | 30.93 | 46.95 | 23.25 | 18.48 | 23.25 | 9.93 | 28.28 | 7.99 | 3.81 | 0.87 |
| Tax % | 25.50% | 24.44% | 27.09% | 25.18% | 24.99% | 25.81% | 22.37% | 25.48% | 24.75% | 26.03% | 39.11% | 131.03% |
| Net Profit | 17.01 | 10.05 | 22.55 | 35.13 | 17.43 | 13.71 | 18.06 | 7.40 | 21.28 | 5.91 | 2.32 | -0.27 |
| EPS in Rs | 8.18 | 4.83 | 10.84 | 16.89 | 8.38 | 6.59 | 8.68 | 3.56 | 10.23 | 2.84 | 1.12 | -0.13 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 307 | 237 | 247 | 376 | 414 | 510 | 437 | 549 | 551 | 585 | 524 | 537 |
| Expenses | 297 | 235 | 226 | 345 | 376 | 418 | 385 | 457 | 470 | 492 | 463 | 484 |
| Operating Profit | 10 | 2 | 22 | 31 | 38 | 93 | 52 | 92 | 81 | 92 | 60 | 53 |
| OPM % | 3.1% | 0.9% | 9% | 8% | 9% | 18% | 12% | 17% | 15% | 16% | 12% | 10% |
| Other Income | 7 | 2 | 4 | 5 | 9 | 10 | 13 | 19 | 15 | 39 | 12 | 12 |
| Interest | 9 | 9 | 9 | 10 | 9 | 9 | 8 | 7 | 5 | 4 | 5 | 5 |
| Depreciation | 11 | 8 | 6 | 4 | 6 | 7 | 9 | 10 | 12 | 15 | 18 | 19 |
| Profit before tax | -4 | -13 | 10 | 23 | 32 | 87 | 49 | 94 | 80 | 112 | 50 | 41 |
| Tax % | -23% | -25% | -9% | 40% | 25% | 25% | 25% | 28% | 26% | 25% | 26% | |
| Net Profit | -3 | -10 | 11 | 14 | 24 | 66 | 36 | 68 | 59 | 84 | 37 | 29 |
| EPS in Rs | -1.53 | -5.34 | 6.09 | 7.29 | 12.57 | 31.54 | 17.54 | 32.45 | 28.38 | 40.54 | 17.75 | 14.06 |
| Dividend Payout % | 0% | 0% | 6% | 7% | 4% | 2% | 3% | 2% | 3% | 2% | 6% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 1% | -2% | -3% | ||
| Compounded Profit Growth | 29% | -10% | -15% | -48% | ||
| Stock Price CAGR | 35% | 8% | 8% | -38% | ||
| Return on Equity | 18% | 16% | 14% | 9% |
| 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -5 | 10 | -7 | 6 | 14 | 41 | 89 | 55 | 27 | 55 | 52 | 78 |
| Cash from Investing Activity | -14 | -10 | -0 | 2 | -7 | -21 | -12 | -20 | -52 | -66 | -38 | -58 |
| Cash from Financing Activity | 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% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 47.69% | 47.77% | 48.39% | 48.27% | 48.27% | 48.27% | 48.27% | 48.27% | 48.27% | 56.62% | 56.62% | 56.62% |
| FIIs | 0.07% | 0.07% | 0.07% | 0.07% | 0.16% | 0.08% | 0.07% | 0.15% | 0.06% | 0.04% | 0.04% | 0.04% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 52.25% | 52.17% | 51.54% | 51.67% | 51.57% | 51.64% | 51.58% | 51.59% | 51.66% | 43.34% | 43.34% | 43.35% |
| No. of Shareholders | 13,050 | 12,565 | 14,075 | 12,933 | 13,223 | 23,517 | 23,751 | 23,466 | 24,029 | 24,148 | 23,738 | 23,071 |
Fundamentals
Market Cap₹ 715 Cr.
Current Price₹ 345
Stock P/E24.5
Book Value₹ 204
ROCE11.7 %
ROE9.11 %
Dividend Yield0.29 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)-48%
Consolidated figures.
Valuation
Market capRs 698 Cr
Enterprise valueRs 661 Cr
P/E (TTM)23.88x
Price to book1.65x
Price to sales1.30x
EV / EBITDA10.17x
EV / EBIT14.31x
EV / sales1.23x
Price to cash flow8.93x
Earnings yield4.19%
Dividend yield0.30%
P/E, 3-year average12.43x
P/B, 3-year average1.92x
P/E, 5-year average8.32x
P/B, 5-year average1.33x
Profitability
Operating margin (excl. other income)11.52%
Operating margin (incl. other income)13.87%
EBITDA margin12.11%
Pre-tax margin7.63%
Net profit margin5.45%
Net margin, latest quarter-0.22%
ROE9.10%
ROCE11.73%
ROA5.67%
ROE, 3-year average17.34%
ROCE, 3-year average20.92%
ROA, 3-year average10.60%
ROE, 5-year average19.88%
ROCE, 5-year average24.01%
ROA, 5-year average11.48%
ROIC (approx.)8.81%
Tax rate26.19%
Other income / net worth2.90%
Growth
Sales growth (latest year)-10.43%
Profit growth (latest year)-56.23%
Sales CAGR, 3 years-1.56%
Sales CAGR, 5 years0.51%
Profit CAGR, 3 years-18.23%
Profit CAGR, 5 years-10.87%
Sales growth QoQ3.07%
Profit growth QoQ-111.64%
Sales growth YoY (latest quarter)11.92%
Profit growth YoY (latest quarter)-103.65%
Per share
EPS (TTM)Rs 14.06
EPS (latest year)Rs 17.75
EPS (latest quarter)Rs -0.13
EPS, 3-year averageRs 57.26
EPS, 5-year averageRs 74.35
Book value per shareRs 203.83
Sales per shareRs 258.17
Cash flow per shareRs 37.60
Free cash flow per shareRs 7.69
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.67
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout5.64%
Dividend payout, 3-year average3.58%
Dividend payout, 5-year average3.18%
Efficiency
Asset turnover0.75x
Fixed asset turnover2.06x
Inventory turnover1.76x
Inventory days208 days
Debtor days40 days
Debtors turnover9.16x
Creditor days134 days
Cash conversion cycle156 days
Working capital days40 days
Leverage
Total debtRs 63 Cr
Cash and bankRs 99 Cr
Net debtRs -37 Cr
Debt to equity0.15x
Net debt / EBITDA-0.57x
Interest coverage8.76x
Owners' fund to total sources60.64%
Debt to assets8.94%
Cash flow
Cash from Operating Activity (latest year)Rs 78 Cr
Cash from Investing Activity (latest year)Rs -58 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs 15 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years0.94x
Sales to cash flow6.69x
Statement figures
Net sales (TTM)Rs 537 Cr
Net sales (latest year)Rs 524 Cr
Sales (latest quarter)Rs 120 Cr
Operating profit excl. other income (latest year)Rs 60 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 65 Cr
PBDT (TTM)Rs 60 Cr
Profit before tax (TTM)Rs 41 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 29 Cr
Net profit (latest year)Rs 37 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 19 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 311 Cr
Total expenditure (latest year)Rs 463 Cr
Total income (latest year)Rs 536 Cr
Share capitalRs 10 Cr
ReservesRs 414 Cr
Shareholders' fundsRs 424 Cr
Total assetsRs 699 Cr
Net blockRs 255 Cr
Capital work in progressRs 27 Cr
InvestmentsRs 12 Cr
ReceivablesRs 57 Cr
InventoryRs 177 Cr
Other liabilitiesRs 213 Cr
Shares outstanding (crore)2.08
Ownership
Promoter holding56.62% (+8.35 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 23.9 is at the 93th percentile of its own 8.4-year range
(median 8.3, low 2.7, high 28.8).
P/B 1.65 is at the 42th percentile (median 2.00).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BAJAJST | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.3% | -2.8% | -0.5 pts |
| 1 month | -4.5% | -6.8% | +2.3 pts |
| 3 months | -18.2% | -7.6% | -10.6 pts |
| 3 years | +23.9% | +14.2% | +9.8 pts |
| 5 years | +45.3% | +27.9% | +17.4 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 20% vs sales -10% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹120 Cr +11.9% vs Jun 2025.
Net loss ₹0 Cr.
Against our estimate for Jun 2026: sales +34.2%, profit -105.2% in line. Our estimate for Sep 2026: sales Rs 164 Cr, profit Rs 6 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indo-MIM Ltd | 61,719 | 95.6 | 25.0 % |
| Aditya Infotech Ltd | 46,814 | 98.1 | 28.6 % |
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| Honeywell Automation India Ltd | 30,038 | 53.7 | 17.0 % |
| Jyoti CNC Automation Ltd | 24,091 | 74.9 | 21.3 % |
| Kaynes Technology India Ltd | 23,605 | 68.0 | 12.7 % |
| LMW Ltd | 18,115 | 99.2 | 5.58 % |
| Lloyds Engineering Works Ltd | 15,850 | 70.9 | 16.1 % |
| Tega Industries Ltd | 15,481 | 8.14 % | |
| Kennametal India Ltd | 8,878 | 45.3 | 33.2 % |
| Dynamatic Technologies Ltd | 8,873 | 151 | 10.2 % |
| Standard Engineering Technology Ltd | 8,557 | 100 | 14.7 % |
| Raymond Ltd | 7,894 | 46.9 | 3.14 % |
| Omnitech Engineering Ltd | 6,939 | 66.8 | 17.6 % |
| GMM Pfaudler Ltd | 6,641 | 52.7 | 13.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-16 | Dividend - Re 1 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Bajaj Steel Industries Ltd?
Bajaj Steel Industries Ltd (BAJAJST) has a market capitalisation of Rs 715 Cr. at the 2026-10-01 close.
What is the P/E ratio of Bajaj Steel Industries Ltd?
Bajaj Steel Industries Ltd trades at a P/E of 24.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Bajaj Steel Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Bajaj Steel Industries Ltd sales was Rs 120 Cr (+11.9% vs Jun 2025) with a net loss of Rs 0 Cr.
What is the 52-week high and low of Bajaj Steel Industries Ltd?
The 52-week high is Rs 507.80 and the 52-week low is Rs 333.25.