Overview

Detailed Summary

Bajaj Steel Industries Limited is a multi‑product engineering company and world leader in cotton ginning machinery that manufactures PEBs, electrical panels, heavy engineering products, fire‑safety systems and related engineered solutions across 13 manufacturing units in Nagpur and global subsidiaries in USA, Uganda and Brazil, with sizable export revenues and longstanding technical collaborations.
The company reported FY25 consolidated revenue of Rs 585 crore and PAT of Rs 84 crore, with exports contributing over 50% of revenue and a diversified FY25 mix: 66% cotton processing, 15% infra, 9% electrical panels and 7% heavy engineering, reflecting strategic diversification away from a single legacy product line.
Order book as of 11 February 2026 stands at Rs 561 crore—nearly equivalent to previous fiscal revenue—providing strong near‑term visibility; Other Business segments grew at a 47% CAGR (FY22–FY25) and contributed 38% of the order book, signaling meaningful progress in diversification and execution cadence.
Profitability in Q3FY26 contracted materially (EBITDA down 55% YoY; PAT down 57% YoY) driven by delayed dispatches and export disruptions in the cotton ginning segment, while cash flows and balance sheet metrics remain healthy, with net cash position historically negative net debt to equity and CRISIL A/A1 ratings.

Sector: Industrial Manufacturing
Industry: Industrial Products
Market Cap: 757 Cr
Volatility: Low Risk
P/E Ratio: 25.9
Industry P/E: 48.2
PEG Ratio: -0.5
P/B Ratio: 1.8
52W High: 620.00
52W Low: 302.00

Sales CAGR

1Y: -10.36%
3Y: -1.01%
5Y: -0.34%
10Y: 8.16%

Profit CAGR

1Y: -56.23%
3Y: -21.44%
5Y: -14.06%
10Y: —

ROE

TTM

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Peers

Industrials Capital Goods Industrial Manufacturing Industrial Products

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
LTELEVATOR		358.65	803 Cr	47.16	6.08	0.00	18.40	22.90	11.96
LOKESHMACH		330.05	768 Cr	173.86	2.94	0.00	1.69	5.96	0.89
BAJAJST		365.25	757 Cr	25.90	1.79	0.27	8.70	11.32	4.18
BAJAJINDEF		218.80	744 Cr	32.03	2.76	0.00	8.76	8.91	6.99
KANORICHEM		178.50	743 Cr	12.53	1.30	0.00	6.97	6.78	13.73
AXTEL		425.00	713 Cr	22.83	5.72	2.72	25.00	33.42	14.48
Median: 6 Co.	—	344.35	751 Cr	28.96	2.85	0.00	8.73	10.11	9.47

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total

QoQ

YoY

Total

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	174	141	152	138	154	108	175	125	117	120
Expenses	148	119	127	117	129	94	143	116	111	114
Operating Profit	26	22	25	21	24	14	32	9.31	5.62	5.89
OPM %	14.92	15.50	16.62	15.06	15.75	12.59	18.20	7.43	4.81	4.89
Other Income	12	29	1.75	1.65	6.49	1.40	1.55	3.82	5.59	1.45
Interest	2.45	1.01	0.85	0.94	1.39	1.29	1.33	1.36	1.10	1.49
Depreciation	4.78	2.95	2.95	3.01	6.03	3.73	3.73	3.78	6.30	4.97
Profit Before Tax	31	47	23	18	23	9.93	28	7.99	3.81	0.88
Tax %	27.09	25.18	24.99	25.81	22.37	25.48	24.75	26.03	39.11	129.55
Net Profit	23	35	17	14	18	7.40	21	5.91	2.32	-0.27
EPS in Rs	10.83	16.91	8.46	6.50	8.40	3.56	10.23	2.84	1.40	-0.13

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	260	248	377	415	511	437	549	551	585	524	537
Expenses	236	226	346	377	418	385	457	470	493	464	484
Operating Profit	24	22	31	38	93	52	92	81	92	60	53
OPM %	9.21	8.81	8.28	9.07	18.14	11.89	16.77	14.61	15.75	11.50	9.80
Other Income	2.41	3.56	5.07	8.98	10	13	19	16	39	12	12
Interest	9.08	9.03	9.75	8.68	8.97	7.58	7.22	4.65	4.19	5.07	5.28
Depreciation	8.39	5.86	3.82	6.24	7.06	8.95	9.84	12	15	18	19
Profit Before Tax	-13	10	23	32	87	49	94	80	112	50	41
Tax %	25.02	-9.26	39.63	25.33	24.59	25.08	28.18	25.87	24.66	26.19	28.59
Net Profit	-10	11	14	24	66	36	68	59	84	37	29
EPS in Rs	—	—	9.39	11.67	31.72	17.90	32.37	28.50	40.26	18.03	14.34
Dividend Payout %	0.00	6.16	6.86	3.98	2.38	2.79	2.32	2.64	2.48	5.55	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2.35	2.35	2.35	2.35	2.60	2.60	2.60	2.60	10	10
Reserves	54	66	78	100	169	204	271	330	377	414
Borrowings	79	79	75	68	58	64	43	64	65	63
Other Liabilities	75	75	104	98	139	124	129	167	151	213
Total Liabilities	210	223	260	269	369	395	446	563	604	699
Fixed Assets	45	51	52	72	80	86	111	185	218	255
CWIP	13	2.31	3.84	0.90	3.91	14	24	9.77	19	27
Investments	2.39	0.68	0.61	0.41	4.14	4.19	22	22	9.07	12
Other Assets	150	168	204	196	281	291	289	346	358	405
Total Assets	210	223	260	269	369	395	446	563	604	699

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-7.39	6.03	14	41	89	55	27	55	52	78
Cash from Investing Activity	-0.19	2.30	-7.19	-21	-12	-20	-52	-66	-38	-58
Cash from Financing Activity	0.95	0.39	-5.08	-7.72	-19	4.11	-22	19	-26	-4.97
Net Cash Flow	-6.63	8.72	1.74	12	59	39	-47	7.96	-12	15

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Nov 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	47.78%	48.39%	48.27%	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%	0.16%	0.12%	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	52.16%	51.54%	51.66%	51.57%	51.61%	51.65%	51.59%	51.57%	51.67%	43.34%	43.34%	43.33%
Total Shareholders	12,565	14,075	12,933	13,223	24,096	23,517	23,751	23,466	24,029	24,148	23,738	23,071

Projection

Investor Presentation

Q1 FY27

Investor Presentation

Q4 FY26

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

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Credit Rating

5 days ago

Bajaj Steel: No Change in Credit Rating

Bajaj Steel Industries Ltd informs CRISIL has reaffirmed its bank facilities credit rating with no material change; disclosure to exchange was delayed due to the rating email being routed to spam.

Frequently Asked Questions about Bajaj Steel Industries Ltd

Bajaj Steel Industries Ltd (BAJAJST) is currently trading at 365.25 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Bajaj Steel Industries Limited is a multi‑product engineering company and world leader in cotton ginning machinery that manufactures PEBs, electrical panels, heavy engineering products, fire‑safety systems and related engineered solutions across 13 manufacturing units in Nagpur and global subsidiaries in USA, Uganda and Brazil, with sizable export revenues and longstanding technical collaborations. The company reported FY25 consolidated revenue of Rs 585 crore and PAT of Rs 84 crore, with exports contributing over 50% of revenue and a diversified FY25 mix: 66% cotton processing, 15% infra, 9% electrical panels and 7% heavy engineering, reflecting strategic diversification away from a single legacy product line. Order book as of 11 February 2026 stands at Rs 561 crore—nearly equivalent to previous fiscal revenue—providing strong near‑term visibility; Other Business segments grew at a 47% CAGR (FY22–FY25) and contributed 38% of the order book, signaling meaningful progress in diversification and execution cadence. Profitability in Q3FY26 contracted materially (EBITDA down 55% YoY; PAT down 57% YoY) driven by delayed dispatches and export disruptions in the cotton ginning segment, while cash flows and balance sheet metrics remain healthy, with net cash position historically negative net debt to equity and CRISIL A/A1 ratings.

Over the past 52 weeks, Bajaj Steel Industries Ltd has traded between a low of ₹302.00 and a high of ₹620.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Bajaj Steel Industries Ltd has a market capitalization of approximately 757.43. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Bajaj Steel Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 25.90 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 757.43 Cr, Bajaj Steel Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Bajaj Steel Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Bajaj Steel Industries Ltd is 25.90. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Bajaj Steel Industries Ltd

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