Bajaj Steel Industries Limited

BSE: BAJAJST · Industrial Products

52W Range₹302 ₹620

Snapshot

Unlock Bajaj Steel Industries Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Bajaj Steel Industries Ltd. is an industrial manufacturer specialising in cotton ginning and pressing machinery. The company operates diversified divisions spanning electrical panels, pre-fabricated infrastructure, and labour compliance services.

Business Model

The company generates revenue through the design, manufacture, and sale of industrial machinery and electrical control equipment. It further supplements its income by executing infrastructure projects and providing specialised labour compliance services.

Growth Outlook

Growth is primarily driven by the demand for modernised cotton ginning technology and the expansion of pre-fabricated building solutions in the Indian industrial sector.

Key Risks

  • Cyclicality of Cotton Industry. The company's machinery division is highly dependent on the performance and capital expenditure cycles of the global cotton ginning industry.
  • Raw Material Price Volatility. Fluctuations in the prices of steel and electrical components can significantly impact the manufacturing margins of the company's diverse product lines.
  • Project Execution Risk. The infrastructure division faces risks related to project delays, cost overruns, and the timely realisation of receivables from building contracts.
  • Competitive Intensity. The industrial products sector faces stiff competition from both domestic and international players, which may exert pressure on pricing and market share.

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Key Metrics

REVENUE

₹524 Cr

TTM · consolidated

-10.4%YoY

NET PROFIT

₹37 Cr

TTM · consolidated

-56.2%YoY

EPS

₹18.03

TTM · consolidated

-82.8%YoY

RETURN ON EQUITY

9.1%

TTM · consolidated

-14.3 ppYoY

RETURN ON CAPITAL EMPLOYED

12.6%

TTM · consolidated

-17.1 ppYoY

P/E

20.1x

Q4 FY26 · consolidated

20.1 vs 6.2x5Y avg

EV/EBITDA

10.4x

Q4 FY26 · consolidated

10.4 vs 9.0x5Y avg

EBITDA MARGIN

13.9%

TTM · consolidated

-4.0 ppYoY

NET PROFIT MARGIN

2.0%

Q4 FY26 · consolidated

-9.8 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

-0.03xYoY

Peers · Industrial Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Bajaj Steel Industries LimitedBAJAJST
₹755 Cr20.1310.39-10.4%13.9%9.1%12.6%-32.3%
Lokesh Machines LimitedLOKESHMACH
₹776 Cr166.4823.451.0%18.7%2.0%8.3%+79.9%
Indef Manufacturing LimitedBAJAJINDEF
₹713 Cr30.3823.4014.9%8.6%8.3%-38.0%
Forbes Precision Tools and Machine Parts LimitedTOTEM
₹710 Cr24.7112.691.6%22.6%17.2%21.9%-19.4%
Kalyani Cast-TecKALYANI
₹701 Cr6.0258.3766.2%2.1%11.9%51.4%+80.7%
Kanoria Chemicals & Industries LimitedKANORICHEM
₹680 Cr4.397.56-22.8%10.2%28.0%10.5%+88.6%

As of Q4 FY26

Financials