BAJAJST share price, P/E, ROE & financials

As of 6 Nov 2026, Bajaj Steel Industries trades at 22.9× trailing earnings, below the industry P/E of 33.8×, and the shares are 13% below their 52-week high. Sales and net profit fell 1.4% and 18% a year over 3 years; its ROCE of 12% is the second-lowest among the 7 largest Specialty Industrial Machinery peers. Debt is 0.15× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹685 Cr, ranked 74th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 8.5% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹336.90
Day high: ₹336.90
Day low: ₹321.20
Prev. close: ₹330.15
Volume: 3.4K

Health check

1 good · 1 fair · 4 to check

ReturnsBehind
−8.5% over a year, better than 1 of 7 peers.
Price tagCheaper
P/E 22.9 vs industry 33.8.
GrowthShrinking
Sales −1.4%, profit −18.2% a year over 3 years.
ProfitabilityWeak
ROCE 12.1% vs peer median 24.8%.
Balance sheetFair
Debt 0.15× equity, interest covered 11.2×, Piotroski 5 of 9.
Red flags1 to check
Quarterly profit down 103.6% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Small cap

₹685 Cr, #74 of 138 in its industry by size.

Defensive

Beta 0.21 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹537 Cr · profit ₹29 Cr

Market cap: ₹685 Cr; Small cap
P/E: 22.9; Industry 33.8
Price to book: 1.29; Peers 9.16
Dividend yield: 0.30%
ROE: 9.1%; Peers 19.1%
ROCE: 12.1%; Peers 24.8%
Debt to equity: 0.15; Debt ₹63 Cr
EPS (TTM): ₹14.34; Face value ₹5
OPM (TTM): 9.8%; Net margin 5.4%
Sales growth: +11.9%; Latest quarter vs a year ago
Profit growth: −103.6%; Latest quarter vs a year ago
Price to sales: 1.27; EV/EBITDA 12.0

Strengths

P/E of 22.9 against an industry P/E of 33.8.
Positive operating cash flow in each of the last 4 years.

Risks to check

Quarterly profit down 103.6% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Bajaj Steel Industries

Bajaj Steel Industries Limited manufactures and sells cotton ginning and pressing machinery in India. The company provides industrial conveyors, HVAC systems, fire-fighting solutions, steel doors, hydraulic systems, and turnkey engineering services, as well as prefabricated building structure, heavy engineering products, firefighting, doors, electrical panels, conveyors components, and allied products. It also offers fire alarm and detection systems, fire…

Headquarters: Nagpur
Employees: 310
Sector: Industrials
ISIN: INE704G01024
Website: bajajngp.com

Price range

52 weeks

₹293.50₹378.00

Today

₹321.20₹336.90

Avg volume (3M): 7.5K
1-year return: minus 8.5%
From 52-week high: minus 12.9%

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
BHELBharat Heavy Electricals	418.80	plus 0.17%	1,45,829	50.6	74.6	6.6%	10.1%	0.22	13.5%	plus 56.4%
ABBABB India	6,774.00	plus 2.20%	1,43,547	92.3	68.2	28.5%	13.8%	0.02	15.4%	plus 26.4%
SIEMENSSiemens	3,560.00	plus 3.73%	1,26,779	86.1	59.3	16.5%	10.4%	0.02	3.0%	plus 10.0%
CUMMINSINDCummins India	4,048.80	minus 0.25%	1,12,233	49.8	41.7	35.0%	19.1%	0.00	16.1%	minus 6.0%
GVT&DGE Vernova T&D India	4,018.00	minus 3.06%	1,02,879	71.3	56.6	58.5%	26.5%	0.01	31.1%	plus 31.7%
SUZLONSuzlon Energy	38.80	plus 0.54%	53,337	23.7	17.3	24.8%	16.7%	0.07	41.4%	minus 35.7%
AIAENGAIA Engineering	3,113.60	minus 2.77%	29,056	23.5	19.6	19.9%	27.4%	0.00	−3.4%	minus 3.9%
BAJAJSTBajaj Steel Industries	329.10	minus 0.32%	685	22.9	11.1	12.1%	9.8%	0.15	−1.4%	minus 8.5%
Median of 7 peers	–	0.17%	1,12,233	50.6	56.6	24.8%	16.7%	0.02	15.4%	10.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
108	175	125	117	120
94	143	116	111	114
13.5	31.8	9.3	5.6	5.9
12.6%	18.2%	7.4%	4.8%	4.9%
1.4	1.5	3.8	5.6	1.4
1.3	1.3	1.4	1.1	1.5
3.7	3.7	3.8	6.3	5
9.9	28.3	8	3.8	0.9
25.5%	24.8%	26.0%	39.1%	130.7%
7.4	21.3	5.9	2.3	−0.3
3.56	10.23	2.84	1.40	-0.13

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −1.4%
Profit CAGR 3Y: −18.2%
EPS CAGR 3Y: −17.7%
ROE: 9.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
538	551	573	515
–	+2.5%	+4.0%	minus 10.1%
445	470	476	453
93	81	96.9	61.3
17.3%	14.7%	16.9%	11.9%
5.7	14.2	9.4	10
4.8	3.6	4.1	4.9
9.8	11.9	14.9	17.5
10.1	−0.2	24.6	1.2
94	79.6	112	50
28.2%	25.9%	24.7%	26.2%
67.5	59	84.3	36.9
–	minus 12.6%	+42.9%	minus 56.2%
32.36	7.11	40.27	18.03

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2.6	2.6	10.4	10.4
271	330	377	414
42.9	63.5	65.4	62.5
129	169	151	213
446	564	604	699
134	194	235	280
23.9	9.8	19.2	27.1
2.7	–	6.4	2
65.3	62.8	102	69
220	298	242	321
446	564	604	699

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
26.5	55.3	52.1	78.2
−52.1	−66.4	−38.1	−58.4
−21.9	19	−26.2	−5
−47.5	8	−12.1	14.8
−47.2	−72.6	−57	−62.6
−20.7	−17.2	−4.8	15.6
−1	−1.6	−28.1	−2.1

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you