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    Bajaj Steel Industries Limited

    Nagpur-based multi-product engineering company and world leader in cotton ginning machinery, diversified into pre-engineered buildings, electrical panels and heavy engineering fabrication.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹823 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital23333101010
    Reserves100169204271330377404414
    Borrowings7051644364655063
    Other Liabilities97147124129168151166213
    Total Liabilities269369395446564604629699
    AssetsFixed Assets728086111185218168211
    CWIP14142410194127
    Investments044222291012
    Other Assets196281291289347358411449
    Total Assets269369395446564604629699

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1441895527555278
    Cash from Investing-7-21-12-20-52-66-38-58
    Cash from Financing-5-8-194-2219-26-5
    SummaryCapital Expenditure
    Free Cash Flow6197330-12-17-420
    FCF Margin

    Valuation

    Assumptions

    Current — BAJAJST
    Price
    ₹420
    EPS (TTM)
    ₹15.87
    PE (TTM)
    26.5
    Profit growth
    -17.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (21.1×) and current (26.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹420
    vs
    Fair value · 15% return
    ₹48
    89%Overvalued

    At -17.6% growth and a 21× exit, ₹420 only delivers your return if you pay ₹48. The price is currently baking in 23% growth.

    EPS grows -17.6%/yr for 5 years, then fades to 6% over 2, exits at 21×.

    YearGrowthEPS (₹)
    FY27-17.6%13.08
    FY28-17.6%10.78
    FY29-17.6%8.88
    FY30-17.6%7.32
    FY31-17.6%6.03
    FY32-5.8% ·fade5.68
    FY336.0% ·fade6.02

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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