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Bajaj Steel Industries (BAJAJST)₹315.20−4.06%Industrial Products
In the Jun 2026 quarter (consolidated), Bajaj Steel Industries reported sales of ₹121 Cr, up 12.0% from Jun 2025, and net profit of −₹0.26 Cr, down 103.5% year on year. For the year to Mar 2026, sales were ₹526 Cr and net profit ₹36.97 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 126 | 174 | 141 | 153 | 138 | 154 | 108 | 175 | 126 | 117 | 121 |
| Expenses | 128 | 109 | 148 | 119 | 126 | 117 | 129 | 93.60 | 142 | 116 | 111 | 114 |
| Operating Profit | 25.04 | 16.67 | 25.92 | 21.84 | 25.27 | 20.76 | 24.16 | 13.54 | 31.78 | 9.30 | 5.61 | 5.87 |
| OPM % | 16.3% | 13.2% | 14.9% | 15.4% | 16.6% | 15.0% | 15.7% | 12.5% | 18.1% | 7.4% | 4.8% | 4.9% |
| Other Income | 0.78 | 1.26 | 12.18 | 28.94 | 1.74 | 1.64 | 6.46 | 1.39 | 1.54 | 3.81 | 5.57 | 1.44 |
| Interest | 0.64 | 1.19 | 2.44 | 1.00 | 0.84 | 0.93 | 1.38 | 1.28 | 1.32 | 1.35 | 1.09 | 1.48 |
| Depreciation | 2.38 | 3.44 | 4.76 | 2.94 | 2.94 | 3.00 | 6.01 | 3.72 | 3.72 | 3.77 | 6.28 | 4.96 |
| Profit before tax | 22.75 | 13.27 | 30.86 | 46.84 | 23.20 | 18.44 | 23.19 | 9.91 | 28.18 | 7.97 | 3.80 | 0.86 |
| Tax % | 25.5% | 24.5% | 27.1% | 25.2% | 25.0% | 25.8% | 22.4% | 25.5% | 24.7% | 26.0% | 39.1% | 131.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 19.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 16.99 | 10.04 | 22.53 | 35.12 | 17.42 | 13.70 | 18.07 | 7.39 | 21.27 | 5.90 | 2.31 | −0.26 |
| EPS (Rs) | 8.19 | 4.82 | 10.83 | 16.90 | 8.37 | 6.58 | 8.67 | 3.55 | 10.24 | 2.83 | 1.11 | −0.12 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 308 | 238 | 248 | 377 | 415 | 512 | 438 | 551 | 553 | 586 | 526 | 539 |
| Expenses | 296 | 234 | 225 | 343 | 374 | 416 | 383 | 455 | 469 | 490 | 462 | 483 |
| Operating Profit | 9.99 | 1.99 | 21.98 | 30.98 | 38.01 | 92.89 | 51.96 | 91.94 | 80.99 | 92.91 | 59.99 | 52.56 |
| OPM % | 3.1% | 0.9% | 8.9% | 8.0% | 9.0% | 18.0% | 11.9% | 17.0% | 15.0% | 16.0% | 12.0% | 9.8% |
| Other Income | 6.97 | 1.99 | 3.98 | 4.98 | 8.96 | 9.97 | 12.94 | 18.93 | 14.94 | 38.84 | 11.96 | 12.36 |
| Interest | 8.97 | 8.96 | 8.97 | 9.96 | 8.96 | 8.97 | 7.97 | 6.98 | 4.98 | 4.98 | 4.99 | 5.24 |
| Depreciation | 10.97 | 7.97 | 5.98 | 3.99 | 5.99 | 6.98 | 8.98 | 9.97 | 11.96 | 14.95 | 17.95 | 18.73 |
| Profit before tax | −3.99 | −12.97 | 9.97 | 22.95 | 31.91 | 86.83 | 48.90 | 93.73 | 79.83 | 112 | 49.86 | 40.81 |
| Tax % | −23.0% | −25.0% | −9.0% | 40.0% | 25.0% | 25.0% | 25.0% | 28.0% | 26.0% | 25.0% | 26.0% | — |
| Exceptional items | 0.56 | −0.49 | 0.00 | 0.00 | −0.24 | 1.81 | −0.06 | 7.83 | −0.44 | 19.94 | 0.00 | 0.00 |
| Net Profit | −2.99 | −9.99 | 10.99 | 14.01 | 23.97 | 65.95 | 35.98 | 68.01 | 58.95 | 84.01 | 36.97 | 29.22 |
| EPS (Rs) | −1.52 | −5.33 | 6.08 | 7.30 | 12.56 | 31.55 | 17.55 | 32.44 | 28.36 | 40.49 | 17.73 | 14.06 |
| Dividend payout % | 0.0% | 0.0% | 6.0% | 7.0% | 4.0% | 2.0% | 3.0% | 2.0% | 3.0% | 2.0% | 6.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 3.01 | 3.01 | 3.01 | 3.01 | 10.00 | 10.01 |
| Reserves | 65.07 | 62.10 | 54.10 | 66.11 | 78.18 | 100 | 169 | 204 | 271 | 330 | 378 | 415 |
| Borrowings | 84.01 | 81.03 | 80.95 | 81.02 | 74.97 | 70.02 | 51.04 | 64.01 | 42.97 | 63.94 | 64.91 | 63.02 |
| Other Liabilities | 82.93 | 96.83 | 72.77 | 72.87 | 104 | 96.93 | 147 | 124 | 128 | 168 | 150 | 212 |
| Total Liabilities | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 564 | 604 | 699 |
| Fixed Assets | 53.91 | 51.93 | 44.92 | 50.93 | 51.92 | 71.95 | 79.90 | 85.88 | 111 | 185 | 218 | 211 |
| CWIP | 7.99 | 10.99 | 12.99 | 1.99 | 3.99 | 0.99 | 3.99 | 13.98 | 23.96 | 9.98 | 18.98 | 26.95 |
| Investments | 5.01 | 3.99 | 2.01 | 1.01 | 1.01 | 0.00 | 4.01 | 4.01 | 21.99 | 22.02 | 9.01 | 11.99 |
| Other Assets | 168 | 175 | 150 | 168 | 204 | 196 | 281 | 291 | 289 | 347 | 358 | 449 |
| Inventories | 67.79 | 74.71 | 57.83 | 56.78 | 77.75 | 74.71 | 76.73 | 92.78 | 106 | 142 | 152 | 176 |
| Trade receivables | 47.84 | 46.85 | 41.87 | 49.89 | 54.88 | 50.83 | 67.86 | 22.96 | 37.90 | 49.91 | 46.87 | 56.88 |
| Cash & equivalents | 26.11 | 24.10 | 18.06 | 26.11 | 28.10 | 40.17 | 99.39 | 136 | 89.39 | 89.37 | 80.28 | 99.38 |
| Total Assets | 234 | 242 | 210 | 223 | 260 | 269 | 369 | 395 | 446 | 564 | 604 | 699 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −4.99 | 9.99 | −7.01 | 5.99 | 13.98 | 40.95 | 88.94 | 55.01 | 26.99 | 54.95 | 51.93 | 77.93 |
| Cash from investing activity | −13.95 | −9.96 | 0.00 | 1.99 | −6.97 | −20.92 | −11.97 | −19.94 | −51.82 | −65.79 | −37.89 | −57.85 |
| Cash from financing activity | 13.96 | −1.99 | 0.99 | 0.00 | −4.98 | −7.97 | −18.92 | 3.99 | −21.91 | 18.93 | −25.92 | −4.98 |
| Net cash flow | −4.99 | −1.99 | −6.99 | 8.98 | 1.99 | 11.99 | 58.93 | 38.97 | −46.92 | 7.99 | −11.98 | 14.98 |
| Capex | 15.05 | 12.03 | 3.01 | 2.01 | 8.02 | 22.06 | 19.05 | 26.08 | 47.12 | 73.16 | 57.10 | 58.10 |
| Free cash flow | −20.02 | −2.01 | −11.02 | 4.01 | 6.01 | 19.02 | 73.12 | 30.04 | −12.02 | −17.02 | −4.01 | 20.04 |
| CFO / OP % | −7.0% | 109.0% | −312.0% | 29.0% | 59.0% | 123.0% | 116.0% | 135.0% | 57.0% | 90.0% | 87.0% | 154.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 52 | 55 | 63 | 72 | 52 | 44 | 48 | 19 | 24 | 32 | 29 | 39 |
| Inventory days | 119 | 147 | 145 | 150 | 131 | 117 | 117 | 144 | 150 | 184 | 197 | 251 |
| Days payable | 76 | 106 | 82 | 78 | 69 | 79 | 111 | 88 | 108 | 110 | 93 | 135 |
| Cash conversion cycle | 96 | 96 | 127 | 145 | 115 | 84 | 55 | 76 | 67 | 107 | 134 | 155 |
| Working capital days | 11 | 15 | 16 | 19 | 27 | 25 | 18 | 1 | 28 | 29 | 54 | 48 |
| ROCE % | 7.0% | 3.0% | −3.0% | 14.1% | 21.0% | 25.0% | 48.1% | 23.0% | 31.1% | 24.0% | 21.1% | 12.0% |
For the Jun 2026 quarter, Bajaj Steel Industries reported sales of ₹121 Cr, up 12.0% year on year and net profit of −₹0.26 Cr, down 103.5% year on year. The operating margin was 4.9%.
Bajaj Steel Industries' sales for the year to Mar 2026 were ₹526 Cr; over the last twelve months they were ₹539 Cr.
Net profit for the year to Mar 2026 was ₹36.97 Cr, and ₹29.22 Cr over the last twelve months. Earnings per share over the same trailing period were ₹14.06.
Bajaj Steel Industries reported borrowings of ₹63.02 Cr at Mar 2026, against cash and equivalents of ₹99.38 Cr.
Cash from operations was ₹77.93 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹20.04 Cr.