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Bajaj Steel Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹496.98Undervalued by 13.47%vs CMP ₹438.00

P/E (17.4) × ROE (17.9%) × BV (₹199.00) × DY (0.23%)

₹392.05Overvalued by 10.49%vs CMP ₹438.00
MoS: -11.7% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹534.8122%Under (+22.1%)
Graham NumberEarnings₹336.6416%Over (-23.1%)
Earnings PowerEarnings₹251.7013%Over (-42.5%)
DCFCash Flow₹358.4213%Over (-18.2%)
Net Asset ValueAssets₹197.967%Over (-54.8%)
EV/EBITDAEnterprise₹389.239%Over (-11.1%)
Earnings YieldEarnings₹253.107%Over (-42.2%)
ROCE CapitalReturns₹816.489%Under (+86.4%)
Revenue MultipleRevenue₹139.865%Over (-68.1%)
Consensus (9 models)₹392.05100%Overvalued
Key Drivers: Wide model spread (₹140–₹816) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.6%

*Investments are subject to market risks

Analyst Summary

Bajaj Steel Industries Ltd operates in the Engineering - Heavy segment, NSE: BAJAJST | BSE: 507944, current market price is ₹438.00, market cap is 916 Cr.. At a glance, stock P/E is 17.4, ROE is 17.9 %, ROCE is 21.3 %, book value is 199, dividend yield is 0.23 %. The latest intrinsic value estimate is ₹392.05, around 10.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹585 Cr versus the prior period change of 6.2%, while latest net profit is about ₹84 Cr with a prior-period change of 42.4%. The 52-week range shown on this page is 795/302, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBajaj Steel Industries Ltd. is a Public Limited Listed company incorporated on 14/02/1961 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CI…

This summary is generated from the stock page data available for Bajaj Steel Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

61
Bajaj Steel Industries Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 21.3% ExcellentROE 17.9% GoodD/E 0.29 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 8.35% Positive
Earnings Quality50/100 · Moderate
OPM stable around 16% Steady
Quarterly Momentum15/100 · Weak
Revenue (4Q): -7% YoY DecliningProfit (4Q): -41% YoY DecliningOPM: 7.4% (down 7.6% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 17.4 vs industry 43.4 Cheaper than peersROCE 21.3% vs industry 15.5% Above peersROE 17.9% vs industry 12.9% Above peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 2:19 am

Market Cap 916 Cr.
Current Price 438
Intrinsic Value₹392.05
High / Low 795/302
Stock P/E17.4
Book Value 199
Dividend Yield0.23 %
ROCE21.3 %
ROE17.9 %
Face Value 5.00
PEG Ratio2.29

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bajaj Steel Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bajaj Steel Industries Ltd 916 Cr. 438 795/30217.4 1990.23 %21.3 %17.9 % 5.00
Eimco Elecon (India) Ltd 909 Cr. 1,578 3,020/1,40623.5 8100.32 %11.3 %8.61 % 10.0
Kabra Extrusion Technik Ltd 852 Cr. 246 330/171 1291.02 %7.90 %6.02 % 5.00
Cosmic CRF Ltd 746 Cr. 810 1,820/55034.4 4390.00 %8.96 %6.22 % 10.0
Integra Engineering India Ltd 698 Cr. 203 280/11843.3 30.20.00 %24.4 %21.5 % 1.00
Industry Average11,837.03 Cr1,377.3843.43296.270.32%15.49%12.92%8.88

All Competitor Stocks of Bajaj Steel Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 161.09121.1498.01153.20125.86173.89141.01152.22138.05153.50107.53174.62125.27
Expenses 132.05101.6483.55128.13109.18147.96119.16126.92117.27129.3293.98142.83115.96
Operating Profit 29.0419.5014.4625.0716.6825.9321.8525.3020.7824.1813.5531.799.31
OPM % 18.03%16.10%14.75%16.36%13.25%14.91%15.50%16.62%15.05%15.75%12.60%18.21%7.43%
Other Income 1.5714.941.360.791.2712.2329.061.751.656.491.401.553.82
Interest 1.662.700.700.651.202.451.010.850.941.391.291.331.36
Depreciation 2.183.392.352.393.454.782.952.953.016.033.733.733.78
Profit before tax 26.7728.3512.7722.8213.3030.9346.9523.2518.4823.259.9328.287.99
Tax % 20.92%39.72%25.29%25.50%24.44%27.09%25.18%24.99%25.81%22.37%25.48%24.75%26.03%
Net Profit 21.1717.099.5417.0110.0522.5535.1317.4313.7118.067.4021.285.91
EPS in Rs 10.188.224.598.184.8310.8416.898.386.598.683.5610.232.84

Last Updated: March 3, 2026, 11:58 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:05 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 413334307237247376414510437549551585561
Expenses 384316297235226345376418385457470492482
Operating Profit 2817102223138935292819379
OPM % 7%5%3%1%9%8%9%18%12%17%15%16%14%
Other Income 5472459101319153913
Interest 79999109987555
Depreciation 9131186467910121517
Profit before tax 171-4-131023328749948011269
Tax % 38%240%-23%-25%-9%40%25%25%25%28%26%25%
Net Profit 11-1-3-10111424663668598453
EPS in Rs 5.61-0.54-1.53-5.346.097.2912.5731.5417.5432.4528.3840.5425.31
Dividend Payout % 9%-93%0%0%6%7%4%2%3%2%3%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-109.09%-200.00%-233.33%210.00%27.27%71.43%175.00%-45.45%88.89%-13.24%42.37%
Change in YoY Net Profit Growth (%)0.00%-90.91%-33.33%443.33%-182.73%44.16%103.57%-220.45%134.34%-102.12%55.61%

Bajaj Steel Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:7%
3 Years:10%
TTM:-7%
Compounded Profit Growth
10 Years:47%
5 Years:22%
3 Years:21%
TTM:-13%
Stock Price CAGR
10 Years:40%
5 Years:63%
3 Years:59%
1 Year:-2%
Return on Equity
10 Years:20%
5 Years:23%
3 Years:20%
Last Year:18%

Last Updated: September 5, 2025, 2:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 222222233331010
Reserves 686562546678100169204271330377404
Borrowings 67848181817570586443646550
Other Liabilities 868397737310497139124129168151166
Total Liabilities 223234242210223260269369395446564604629
Fixed Assets 565452455152728086111185218168
CWIP 48111324141424101941
Investments 3542110442222910
Other Assets 159168175150168204196281291289347358411
Total Assets 223234242210223260269369395446564604629

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3-510-7614418955275552
Cash from Investing Activity + -10-14-10-02-7-21-12-20-52-66-38
Cash from Financing Activity + 1514-210-5-8-194-2219-26
Net Cash Flow 8-5-2-792125939-478-12
Free Cash Flow -8-20-2-1146247330-12-17-4
CFO/OP 34%-7%109%-312%29%59%123%116%135%57%90%87%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-39.00-67.00-71.00-79.00-59.00-44.00-32.0035.00-12.0049.0017.0028.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 395356647353454920253330
Inventory Days 85119147145150131117117144150184197
Days Payable 5975105817768781108710710992
Cash Conversion Cycle 65979712814611685567768108135
Working Capital Days 9111516192725181282954
ROCE %19%7%3%-3%14%21%25%47%23%31%24%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 47.69%47.69%47.69%47.77%48.39%48.27%48.27%48.27%48.27%48.27%48.27%56.62%
FIIs 0.07%0.07%0.07%0.07%0.07%0.07%0.16%0.08%0.07%0.15%0.06%0.04%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.08%0.01%0.01%0.01%
Public 52.25%52.24%52.25%52.17%51.54%51.67%51.57%51.64%51.58%51.59%51.66%43.34%
No. of Shareholders 12,42512,47513,05012,56514,07512,93313,22323,51723,75123,46624,02924,148

Shareholding Pattern Chart

No. of Shareholders

Bajaj Steel Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 40.27113.75129.4571.58125.83
Diluted EPS (Rs.) 40.27113.75129.4571.58125.83
Cash EPS (Rs.) 47.73136.37148.7587.39139.74
Book Value[Excl.RevalReserv]/Share (Rs.) 186.26638.72526.10397.73329.67
Book Value[Incl.RevalReserv]/Share (Rs.) 186.26638.72526.10397.73329.67
Revenue From Operations / Share (Rs.) 281.151059.541025.55840.20982.67
PBDIT / Share (Rs.) 50.26184.90204.80125.47198.13
PBIT / Share (Rs.) 43.08162.02185.87108.25184.54
PBT / Share (Rs.) 53.81153.09180.7693.68167.29
Net Profit / Share (Rs.) 40.55113.49129.8270.18126.15
NP After MI And SOA / Share (Rs.) 40.55113.49129.8270.18126.15
PBDIT Margin (%) 17.8717.4519.9614.9320.16
PBIT Margin (%) 15.3215.2918.1212.8818.77
PBT Margin (%) 19.1414.4417.6211.1417.02
Net Profit Margin (%) 14.4210.7112.658.3512.83
NP After MI And SOA Margin (%) 14.4210.7112.658.3512.83
Return on Networth / Equity (%) 21.7617.7624.6717.6438.26
Return on Capital Employeed (%) 21.2723.3133.1222.6944.16
Return On Assets (%) 13.9710.4715.159.2317.77
Long Term Debt / Equity (X) 0.050.050.030.120.19
Total Debt / Equity (X) 0.150.160.130.270.29
Asset Turnover Ratio (%) 1.001.091.271.141.56
Current Ratio (X) 1.971.772.001.951.85
Quick Ratio (X) 1.131.071.311.321.34
Inventory Turnover Ratio (X) 3.962.292.603.023.04
Dividend Payout Ratio (NP) (%) 33.302.641.544.271.43
Dividend Payout Ratio (CP) (%) 28.282.191.343.431.29
Earning Retention Ratio (%) 66.7097.3698.4695.7398.57
Cash Earning Retention Ratio (%) 71.7297.8198.6696.5798.71
Interest Coverage Ratio (X) 24.9620.7014.758.6111.49
Interest Coverage Ratio (Post Tax) (X) 14.8013.709.725.828.31
Enterprise Value (Cr.) 1452.01565.77502.18250.95174.98
EV / Net Operating Revenue (X) 2.481.030.940.570.34
EV / EBITDA (X) 13.895.884.723.851.70
MarketCap / Net Operating Revenue (X) 2.521.091.040.750.43
Retention Ratios (%) 66.6997.3598.4595.7298.56
Price / BV (X) 3.801.802.031.591.30
Price / Net Operating Revenue (X) 2.521.091.040.750.43
EarningsYield 0.050.090.120.110.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bajaj Steel Industries Ltd. is a Public Limited Listed company incorporated on 14/02/1961 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27100MH1961PLC011936 and registration number is 011936. Currently company belongs to the Industry of Engineering - Heavy. Company's Total Operating Revenue is Rs. 534.66 Cr. and Equity Capital is Rs. 10.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - HeavyPlot No. C-108, MIDC Industrial Area, Nagpur Maharashtra 440016Contact not found
Management
NamePosition Held
Mr. Rohit BajajChairman & Managing Director
Mr. Sunil BajajExecutive Director
Dr. Mahendra Kumar SharmaWholeTime Director & CEO
Mr. Deepak BatraNon Executive Director
Mr. Pankaj AgarwalIndependent Director
Mr. Rakesh KhatorIndependent Director
Mrs. Bhanupriya ThakurIndependent Director
Dr. Raja IyerIndependent Director
Mr. Lav BajajExecutive Director
Mr. Mayank BhandariIndependent Director
Mr. Gaurav SardaIndependent Director

FAQ

What is the intrinsic value of Bajaj Steel Industries Ltd and is it undervalued?

As of 09 May 2026, Bajaj Steel Industries Ltd's intrinsic value is ₹392.05, which is 10.49% lower than the current market price of ₹438.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.9 %), book value (₹199), dividend yield (0.23 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bajaj Steel Industries Ltd?

Bajaj Steel Industries Ltd is trading at ₹438.00 as of 09 May 2026, with a FY2026-2027 high of ₹795 and low of ₹302. The stock is currently in the middle of its 52-week range. Market cap stands at ₹916 Cr..

How does Bajaj Steel Industries Ltd's P/E ratio compare to its industry?

Bajaj Steel Industries Ltd has a P/E ratio of 17.4, which is below the industry average of 43.43. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bajaj Steel Industries Ltd financially healthy?

Key indicators for Bajaj Steel Industries Ltd: ROCE of 21.3 % indicates efficient capital utilization; ROE of 17.9 % shows strong shareholder returns. Dividend yield is 0.23 %.

Is Bajaj Steel Industries Ltd profitable and how is the profit trend?

Bajaj Steel Industries Ltd reported a net profit of ₹84 Cr in Mar 2025 on revenue of ₹585 Cr. Compared to ₹36 Cr in Mar 2022, the net profit shows an improving trend.

Does Bajaj Steel Industries Ltd pay dividends?

Bajaj Steel Industries Ltd has a dividend yield of 0.23 % at the current price of ₹438.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 2:19 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 507944 | NSE: BAJAJST
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajaj Steel Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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