Bajaj Steel Inds. Ltd.

NSE: BAJAJST · Industrial Products · sector

₹298.20NSE close 2026-10-26

Key numbers

Market cap₹620 cr

Price₹298.20

52w high / low₹508 / ₹298

P/E20.4xSector median 24.2x

P/B1.5xSector median 2.8x

Book value₹203.8

Dividend yield0.34%Sector median 0.50%

ROE7.2%Sector median 11.5%

ROCE9.6%Sector median 13.4%

OPM9.8%Sector median 10.3%

Debt / equity0.13xSector median 0.17x

EV/EBITDA10.7xSector median 16.7x

Interest cover8.8x

Current ratio1.69x

Sales growth 3y+3.4%Sector median +10.2%

Profit growth 3y-13.4%Sector median +12.8%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹111 cr vs borrowings ₹56 cr (FY26): cash is higher (net cash).
Operating profit covered interest 8.8x in the last 12 months.
Net loss in 1 of the last 7 quarters.
Other income was 42% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹298.20 on 2026-10-26: -41.3% from the 52-week high, 0.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹3,505.60 · low ₹298.20

Quarterly results

₹ cr	Jun 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	93	154	108	175	125	117	120
EBITDA	10	24	14	32	9	6	6
OPM %	11.1%	15.8%	12.6%	18.2%	7.4%	4.8%	4.9%
Other income	1	6	1	2	4	6	1
Net profit	5	18	7	21	6	2	-0
EPS (₹)	2.39	8.40	3.56	10.23	2.84	1.40	0.13
Revenue YoY					+34.8%	-23.9%	+11.9%
Profit YoY					+18.7%	-87.2%	-103.6%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	414	474	494	585	524	537
EBITDA	49	82	66	119	60	53
Net profit	32	57	48	84	37	29
EPS (₹)	63.78	109.01	91.62	40.27	18.03	14.60
Revenue growth		+14.3%	+4.2%	+18.4%	-10.4%	–
Profit growth		+75.3%	-16.5%	+77.5%	-56.2%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+3.4%	–	–
Net profit	-13.4%	–	–
EPS	-45.1%	–	–
Share price	–	– (2y)	–

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	387	424
Borrowings	61	56
Cash & equivalents	89	111
Total assets	604	699
Fixed assets	216	253
Capital work in progress	19	27
Investments	0	0
Receivables	47	57
Inventory	153	177
Payables	71	95

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	52	78
Cash from investing	-38	-58
Cash from financing	-26	-5
Capex	57	63
Free cash flow	-5	16

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	21.8%	8.7%
ROCE %	25.9%	11.5%
Debtor days	30	40
Inventory days	197	251
Payable days	92	134
Cash conversion cycle (days)	135	157
Working capital days	110	117

Peers in Industrial Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
INDOMIM	₹52,085 cr	–	–	–	–	–	–	–
CPPLUS	₹45,577 cr	94.7x	24.3x	25.5%	33.3%	14.5%	–	0.04%
SYRMA	₹28,803 cr	77.7x	10.1x	17.4%	17.6%	11.1%	+33.0%	0.10%
HONAUT	₹27,500 cr	50.1x	6.2x	13.0%	16.9%	13.3%	+10.7%	0.34%
KAYNES	₹22,167 cr	64.0x	4.7x	9.1%	11.1%	15.5%	+47.7%	–
JYOTICNC	₹20,523 cr	63.8x	10.3x	17.4%	18.5%	24.4%	–	–
LMW	₹17,267 cr	84.2x	5.7x	7.0%	9.3%	7.1%	-12.1%	0.19%
TEGA	₹12,752 cr	447.9x	3.7x	0.9%	4.5%	7.5%	+11.7%	0.11%
LLOYDSENGG	₹12,248 cr	48.1x	7.3x	14.1%	15.1%	14.2%	+60.9%	0.27%
BAJAJST	₹620 cr	20.4x	1.5x	7.2%	9.6%	9.8%	+3.4%	0.34%

All 152 companies in Industrial Products →

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-16	Dividend	Dividend - Re 1 Per Share

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Industrial Products
Sub-industry	Industrial Products
Symbol	BAJAJST
BSE code	507944
ISIN	INE704G01024
Face value	₹5.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = NSE close 2026-10-26.