Bajaj Steel Industries Ltd.

About

Bajaj Steel Industries Limited manufactures and sells cotton ginning and pressing machinery in India. The company offers cotton ginning and pressing machineries, including double roller ginning machines, auto feeders, cotton baling presses, pre-cleaners, lint cleaners, cotton boll openers, air separators, battery condensers, stone remover, seed cotton conveying systems, stone catchers/rock traps, air locks, belt conveyor systems, lint conveying systems, fire detectors/diverters, distribution screw conveyors, pneumatic conveying systems, bucket elevators, fully automatic ginning plant, twin auto regulators, surge hoppers, and overflow hoppers; baling presses for other applications; tractor attachments for cotton ginning industry; delinting and decorticating machinery; components and machined parts, including spares, manifold blocks, gear blanks, windmill shafts, turbine housings, gear box assemblies, head spigots, balancing masses, hand granades, oil fan assemblies, automotive hub, winder cam, and other machined components; mechanical conveyors and elevators; and dust/waste handling systems. It also provides hot air humidification systems, cold moisturizing systems, and lint slides; industrial trusses and pipelines; power transmission products; truck loaders/unloaders, telescopic conveyors, and z-elevators; electrical panels and accessories, such as power distribution board, field panel, panel, auto main failure, control, and PCC, APFC, and MCC panels; chimneys, hydraulic power packs and cylinders, structures for machineries and refineries, gantry, tanks, and silos and other storage equipment; steel buildings; and pre-fabricated house. In addition, the company offers fire alarm and detection systems, fire extinguishers, and fire hydrant pumps; steel doors; laser cutting machines; and trades cotton products. The company was incorporated in 1961 and is headquartered in Nagpur, India.

Key Metrics

as of Sep 2026

Market Cap755 Cr

P/E25.80

Div Yield0.28 %

Book Value₹204.00

52w High₹620.00

52w Low₹302.00

Face Value₹5.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	120.35	116.76	125.27	174.62	107.53	153.50	138.05	152.22	141.01	173.89	125.86	153.20	98.01
Expenses	114.47	111.14	115.96	142.83	93.98	129.32	117.27	126.92	119.16	147.96	109.18	128.13	83.55
Operating Profit	5.88	5.62	9.31	31.79	13.55	24.18	20.78	25.30	21.85	25.93	16.68	25.07	14.46
OPM %	4.89	4.81	7.43	18.21	12.60	15.75	15.05	16.62	15.50	14.91	13.25	16.36	14.75
Other Income	1.45	5.59	3.82	1.55	1.40	6.49	1.65	1.75	29.06	12.23	1.27	0.79	1.36
Depreciation	4.97	6.30	3.78	3.73	3.73	6.03	3.01	2.95	2.95	4.78	3.45	2.39	2.35
Interest	1.49	1.10	1.36	1.33	1.29	1.39	0.94	0.85	1.01	2.45	1.20	0.65	0.70
Profit before tax	0.87	3.81	7.99	28.28	9.93	23.25	18.48	23.25	46.95	30.93	13.30	22.82	12.77
Tax %	131.03	39.11	26.03	24.75	25.48	22.37	25.81	24.99	25.18	27.09	24.44	25.50	25.29
Net Profit	-0.27	2.32	5.91	21.28	7.40	18.06	13.71	17.43	35.13	22.55	10.05	17.01	9.54
EPS in Rs	-0.13	1.12	2.84	10.23	3.56	8.68	6.59	8.38	16.89	10.84	4.83	8.18	4.59

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	524.00	585.00	551.00	549.00	437.00	510.00	414.00	376.00	247.00	237.00	307.00	334.00
Expenses	464.00	492.00	470.00	457.00	385.00	418.00	376.00	345.00	226.00	235.00	297.00	316.00
Operating Profit	60.00	93.00	81.00	92.00	52.00	93.00	38.00	31.00	22.00	2.00	10.00	17.00
OPM %	12.00	16.00	15.00	17.00	12.00	18.00	9.00	8.00	9.00	0.90	3.10	5.00
Other Income	12.00	39.00	15.00	19.00	13.00	10.00	9.00	5.00	4.00	2.00	7.00	4.00
Interest	5.00	5.00	5.00	7.00	8.00	9.00	9.00	10.00	9.00	9.00	9.00	9.00
Depreciation	18.00	15.00	12.00	10.00	9.00	7.00	6.00	4.00	6.00	8.00	11.00	13.00
Profit before tax	50.00	112.00	80.00	94.00	49.00	87.00	32.00	23.00	10.00	-13.00	-4.00	1.00
Tax %	26.00	25.00	26.00	28.00	25.00	25.00	25.00	40.00	-9.00	-25.00	-23.00	240.00
Net Profit	37.00	84.00	59.00	68.00	36.00	66.00	24.00	14.00	11.00	-10.00	-3.00	-1.00
EPS in Rs	17.75	40.54	28.38	32.45	17.54	31.54	12.57	7.29	6.09	-5.34	-1.53	-0.54
Dividend Payout %	6.00	2.00	3.00	2.00	3.00	2.00	4.00	7.00	6.00	0.00	0.00	-93.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	10.00	10.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00
Reserves	414.00	377.00	330.00	271.00	204.00	169.00	100.00	78.00	66.00	54.00	62.00	65.00
Borrowings	63.00	65.00	64.00	43.00	64.00	51.00	70.00	75.00	81.00	81.00	81.00	84.00
Other Liabilities	213.00	151.00	168.00	129.00	124.00	147.00	97.00	104.00	73.00	73.00	97.00	83.00
Total Liabilities	699.00	604.00	564.00	446.00	395.00	369.00	269.00	260.00	223.00	210.00	242.00	234.00
Fixed Assets	211.00	218.00	185.00	111.00	86.00	80.00	72.00	52.00	51.00	45.00	52.00	54.00
CWIP	27.00	19.00	10.00	24.00	14.00	4.00	1.00	4.00	2.00	13.00	11.00	8.00
Investments	12.00	9.00	22.00	22.00	4.00	4.00	0.00	1.00	1.00	2.00	4.00	5.00
Other Assets	449.00	358.00	347.00	289.00	291.00	281.00	196.00	204.00	168.00	150.00	175.00	168.00
Total Assets	699.00	604.00	564.00	446.00	395.00	369.00	269.00	260.00	223.00	210.00	242.00	234.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	78.00	52.00	55.00	27.00	55.00	89.00	41.00	14.00	6.00	-7.00	10.00	-5.00
Cash from Investing Activity	-58.00	-38.00	-66.00	-52.00	-20.00	-12.00	-21.00	-7.00	2.00	0.00	-10.00	-14.00
Cash from Financing Activity	-5.00	-26.00	19.00	-22.00	4.00	-19.00	-8.00	-5.00	0.00	1.00	-2.00	14.00
Net Cash Flow	15.00	-12.00	8.00	-47.00	39.00	59.00	12.00	2.00	9.00	-7.00	-2.00	-5.00
Free Cash Flow	20.00	-4.00	-17.00	-12.00	30.00	73.00	19.00	6.00	4.00	-11.00	-2.00	-20.00
CFO/OP %	154.00	87.00	90.00	57.00	135.00	116.00	123.00	59.00	29.00	-312.00	109.00	-7.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	40.00	30.00	33.00	25.00	20.00	49.00	45.00	53.00	73.00	64.00	56.00	53.00
Inventory Days	251.00	197.00	184.00	150.00	144.00	117.00	117.00	131.00	150.00	145.00	147.00	119.00
Days Payable	134.00	92.00	109.00	107.00	87.00	110.00	78.00	68.00	77.00	81.00	105.00	75.00
Cash Conversion Cycle	156.00	135.00	108.00	68.00	77.00	56.00	85.00	116.00	146.00	128.00	97.00	97.00
Working Capital Days	48.00	54.00	29.00	28.00	1.00	18.00	25.00	27.00	19.00	16.00	15.00	11.00
ROCE %	12.00	21.00	24.00	31.00	23.00	48.00	25.00	21.00	14.00	-3.00	3.00	7.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	56.62	56.62	56.62	48.27	48.27	48.27	48.27	48.27	48.27	48.39	47.77	47.69
FIIs	0.04	0.04	0.04	0.06	0.15	0.07	0.08	0.16	0.07	0.07	0.07	0.07
DIIs	0.01	0.01	0.01	0.01	0.01	0.08	0.00	0.00	0.00	0.00	0.00	0.00
Public	43.35	43.34	43.34	51.66	51.59	51.58	51.64	51.57	51.67	51.54	52.17	52.25
No. of Shareholders	23,071	23,738	24,148	24,029	23,466	23,751	23,517	13,223	12,933	14,075	12,565	13,050

Corporate Actions

19 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Dividend	26 Aug 2025	27 Aug 2025	—	1.00
Bonus	12 Nov 2024	12 Nov 2024	3:1	—
Dividend	28 Aug 2024	—	—	3.00
Dividend	08 Sep 2023	—	—	3.00
Dividend	08 Sep 2022	—	—	2.00
Dividend	02 Dec 2021	—	—	3.00
Dividend	13 Aug 2020	—	—	2.00
Split	24 Mar 2020	26 Mar 2020	10:5	—
Dividend	12 Sep 2019	—	—	4.00
Dividend	12 Sep 2018	—	—	3.00
Dividend	27 Aug 2015	—	—	4.00
Dividend	27 Aug 2014	—	—	4.00
Dividend	29 Aug 2013	—	—	3.00
Dividend	31 Aug 2012	—	—	3.00
Dividend	30 Aug 2011	—	—	2.00
Dividend	12 Aug 2010	—	—	2.00
Dividend	08 Oct 2009	—	—	2.00
Dividend	18 Sep 2008	—	—	2.00
Dividend	20 Sep 2007	—	—	2.00