BAJAJST

Bajaj Steel Industries Limited

Bajaj Steel Industries Limited (BAJAJST) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

bajajngp.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹319.65
Market cap
665 Cr
Stock P/E
22.7
P/B
1.25
Dividend yield
0.3%
ROE (FY26)
8.7%
ROCE (FY26)
11.5%
Operating margin (FY26)
8.1%
Debt / equity (FY26)
0.13
OCF / EBITDA (FY26)
129.8%
OCF / EBITDA (3Y)
79.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Nagpur-based engineering company that makes cotton ginning and pressing machinery for cotton processors worldwide, and also pre-engineered steel buildings, electrical panels and heavy engineering equipment.

Company snapshot

53rdBy market cap

Ranked among 69 companies in Industrial Products.

What we see

Positives
  • ✓Debt-to-equity of 0.13x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales153 Cr126 Cr174 Cr141 Cr152 Cr138 Cr154 Cr108 Cr175 Cr125 Cr117 Cr120 Cr
Operating expenses (approx.)128 Cr109 Cr148 Cr119 Cr127 Cr117 Cr129 Cr94 Cr143 Cr116 Cr111 Cr114 Cr
EBITDA25 Cr17 Cr26 Cr22 Cr25 Cr21 Cr24 Cr14 Cr32 Cr9 Cr6 Cr6 Cr
OPM %16.4%13.3%14.9%15.5%16.6%15.1%15.8%12.6%18.2%7.4%4.8%4.9%
Other income0.79 Cr1 Cr12 Cr3 Cr2 Cr2 Cr6 Cr1 Cr2 Cr4 Cr6 Cr1 Cr
Interest0.65 Cr1 Cr2 Cr1 Cr0.85 Cr0.94 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Depreciation2 Cr3 Cr5 Cr3 Cr3 Cr3 Cr6 Cr4 Cr4 Cr4 Cr6 Cr5 Cr
Profit before tax23 Cr13 Cr31 Cr47 Cr23 Cr18 Cr23 Cr10 Cr28 Cr8 Cr4 Cr0.88 Cr
Tax %25.5%24.5%27.1%25.2%25.0%25.8%22.3%25.5%24.8%26.0%39.1%130.7%
Net profit17 Cr10 Cr23 Cr35 Cr17 Cr14 Cr18 Cr7 Cr21 Cr6 Cr2 Cr-0.27 Cr
EPS (₹)₹32.80₹19.42₹43.31₹56.13₹33.83₹6.50₹8.40₹3.56₹10.23₹2.84₹1.40₹-0.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales238 Cr248 Cr374 Cr415 Cr511 Cr439 Cr533 Cr551 Cr585 Cr524 CrSign in free for the trailing twelve months
Operating expenses (approx.)236 Cr226 Cr346 Cr377 Cr418 Cr385 Cr442 Cr470 Cr493 Cr464 CrSign in free for the trailing twelve months
EBITDA2 Cr22 Cr28 Cr38 Cr93 Cr54 Cr91 Cr81 Cr92 Cr60 CrSign in free for the trailing twelve months
OPM %0.7%8.8%7.5%9.1%18.1%12.3%17.1%14.6%15.8%11.5%Sign in free for the trailing twelve months
Other income2 Cr4 Cr8 Cr9 Cr10 Cr11 Cr15 Cr16 Cr12 Cr12 CrSign in free for the trailing twelve months
Interest9 Cr9 Cr10 Cr9 Cr9 Cr8 Cr7 Cr5 Cr4 Cr5 CrSign in free for the trailing twelve months
Depreciation8 Cr6 Cr4 Cr6 Cr7 Cr9 Cr10 Cr12 Cr15 Cr18 CrSign in free for the trailing twelve months
Profit before tax-13 Cr10 Cr23 Cr32 Cr87 Cr49 Cr94 Cr80 Cr112 Cr50 CrSign in free for the trailing twelve months
Tax %25.0%-9.2%39.6%25.3%24.6%25.1%28.2%25.9%24.7%26.2%Sign in free for the trailing twelve months
Net profit-10 Cr11 Cr14 Cr24 Cr66 Cr36 Cr68 Cr59 Cr84 Cr37 CrSign in free for the trailing twelve months
EPS (₹)₹0.00₹0.00₹58.67₹49.74₹125.83₹71.58₹129.45₹113.75₹40.27₹18.03Sign in free for the trailing twelve months
Dividend payout %————1.4%4.3%1.5%2.6%33.3%5.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr3 Cr3 Cr10 Cr10 Cr
Reserves54 Cr66 Cr78 Cr100 Cr169 Cr204 Cr271 Cr330 Cr377 Cr414 Cr
Borrowings79 Cr79 Cr75 Cr68 Cr51 Cr57 Cr39 Cr56 Cr61 Cr56 Cr
Other liabilities75 Cr75 Cr104 Cr99 Cr147 Cr131 Cr133 Cr175 Cr155 Cr219 Cr
Total liabilities210 Cr223 Cr260 Cr269 Cr369 Cr395 Cr446 Cr563 Cr604 Cr699 Cr
Fixed assets (net)45 Cr51 Cr54 Cr72 Cr80 Cr85 Cr110 Cr184 Cr216 Cr253 Cr
CWIP13 Cr2 Cr4 Cr0.90 Cr4 Cr14 Cr24 Cr10 Cr19 Cr27 Cr
Investments2 Cr0.68 Cr0.61 Cr0.41 Cr4 Cr4 Cr23 Cr22 Cr9 Cr12 Cr
Inventories58 Cr57 Cr78 Cr75 Cr77 Cr93 Cr106 Cr142 Cr153 Cr177 Cr
Trade receivables42 Cr50 Cr55 Cr51 Cr68 Cr23 Cr42 Cr50 Cr47 Cr57 Cr
Cash & bank3 Cr9 Cr12 Cr14 Cr55 Cr92 Cr44 Cr41 Cr43 Cr57 Cr
Other assets48 Cr52 Cr57 Cr56 Cr81 Cr84 Cr96 Cr115 Cr117 Cr116 Cr
Total assets210 Cr223 Cr260 Cr269 Cr369 Cr395 Cr446 Cr563 Cr604 Cr699 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-7 Cr6 Cr14 Cr41 Cr89 Cr55 Cr27 Cr55 Cr52 Cr78 Cr
Cash from investing-0.19 Cr2 Cr-7 Cr-21 Cr-12 Cr-20 Cr-52 Cr-66 Cr-38 Cr-58 Cr
Cash from financing0.95 Cr0.39 Cr-5 Cr-8 Cr-19 Cr4 Cr-22 Cr19 Cr-26 Cr-5 Cr
Net cash flow-7 Cr9 Cr2 Cr12 Cr59 Cr39 Cr-47 Cr8 Cr-12 Cr15 Cr
Free cash flow (OCF − Capex)-11 Cr4 Cr6 Cr24 Cr78 Cr30 Cr-18 Cr-17 Cr-5 Cr16 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-3.2%13.2%20.8%23.7%43.2%21.3%32.3%21.7%25.9%11.5%
ROE %-17.8%16.8%17.0%23.2%38.3%17.6%24.7%17.8%21.8%8.7%
Debtor days63735445481929333040
Inventory days151160129119121141149182188229
Days payable848267481138510710887123
Cash conversion cycle130151115116577571107130146
OCF / EBITDA %n.m.27.7%50.1%107.9%96.5%101.7%29.1%68.7%56.9%129.8%
OCF / EBITDA % (3 years)——24.6%69.4%91.0%100.4%71.8%60.6%50.9%79.9%
Debt / equity1.401.160.930.670.290.280.140.170.160.13
Current ratio1.271.421.401.571.851.952.001.771.971.69
Net debt / EBITDA45.693.212.251.45-0.05-0.64-0.050.190.20-0.01