As of 6 Nov 2026, Shri Bajrang Alliance trades at 3.3× trailing earnings, below the industry P/E of 19.9×. Sales fell 20% a year over 3 years while net profit grew 9.0%; its ROCE of 1.1% is the lowest among the 7 largest Steel peers, though net profit is above operating profit, which points to a one-off gain. Debt is 0.27× equity. It is a small-cap company with a market cap of ₹149 Cr, ranked 91st of 150 Steel companies by market cap; the shares fell 6.3% over the past year.
- ₹166.48
- ₹166.48
- ₹164.73
- ₹164.84
- 372
Health check
- ReturnsBehind
−6.3% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSlow
Sales −19.8%, profit +9.0% a year over 3 years.
- ProfitabilityWeak
ROCE 1.1% vs peer median 18.7%.
- Balance sheetSolid
Debt 0.27× equity, interest covered 6.2×, Piotroski 6 of 9.
- Red flags1 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Defensive
Key metrics
- Market cap
- ₹149 Cr
- Small cap
- P/E
- 3.3
- Industry 19.9
- Price to book
- 0.39
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- 12.3%
- Peers 23.4%
- ROCE
- 1.1%
- Peers 18.7%
- Debt to equity
- 0.27
- Debt ₹104 Cr
- EPS (TTM)
- ₹50.37
- Face value ₹10
- OPM (TTM)
- 1.4%
- Net margin 15.8%
- Sales growth
- +17.5%
- Latest quarter vs a year ago
- Profit growth
- +12.6%
- Latest quarter vs a year ago
- Price to sales
- 0.52
- EV/EBITDA 28.2
Strengths and risks
Strengths
- Quarterly sales up 17.5% on a year ago.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About Shri Bajrang Alliance
Shri Bajrang Alliance Limited manufactures and sells structural steel products in India and internationally. The company operates in two segments, Steel and Agro. The company offers structural steel products, including angles, channels, joists, beams, rounds, flats, and H-beams. It also provides ready-to-eat frozen food products, as well as extracts oils and oleoresin essential oils. It serves its products through retail and quick commerce channels; quick…
- Headquarters
- Raipur
- Employees
- 243
- Sector
- Basic Materials
- ISIN
- INE402H01015
- Website
- sbal.co.in
Price range
- Avg volume (3M)
- 5K
- 1-year return
- minus 6.3%
- From 52-week high
- minus 9.8%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| SHBAJRGShri Bajrang Alliance | 165.98 | plus 0.69% | 149 | 3.3 | 60.7 | 1.1% | 1.9% | 0.27 | −19.8% | minus 6.3% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 89.3 | 87.4 | 47 | 47.3 | 105 | |
| 86.8 | 84.3 | 49.5 | 46.5 | 102 | |
| 2.5 | 3.1 | −2.5 | 0.8 | 2.8 | |
| 2.8% | 3.6% | −5.3% | 1.6% | 2.6% | |
| 0.2 | 0.3 | 0.1 | 4.1 | 0.2 | |
| 0.3 | 0.3 | 0.5 | 0.3 | 0.4 | |
| 0.8 | 0.8 | 0.8 | 1 | 1 | |
| – | – | – | – | 0.6 | |
| 1.6 | 2.3 | −3.7 | 3.6 | 2.2 | |
| 29.1% | 28.1% | 38.9% | 35.4% | 22.1% | |
| 8.6 | 10.1 | 6.2 | 19.4 | 9.7 | |
| 9.53 | 11.23 | 6.86 | 21.56 | 10.72 |
Profit & loss
- Sales CAGR 3Y
- −19.8%
- Profit CAGR 3Y
- +9.0%
- EPS CAGR 3Y
- +9.0%
- ROE
- 12.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 524 | 570 | 398 | 270 | |
| – | +8.8% | minus 30.2% | minus 32.1% | |
| 513 | 565 | 393 | 266 | |
| 11.2 | 5 | 4.8 | 4.2 | |
| 2.1% | 0.9% | 1.2% | 1.5% | |
| 0.9 | 3.7 | 1.2 | 3.8 | |
| 2.2 | 0.7 | 0.2 | 0.7 | |
| 2.8 | 3.1 | 3.2 | 3.4 | |
| – | −0 | −0 | – | |
| 7.1 | 4.9 | 2.5 | 3.8 | |
| 20.4% | 35.8% | 20.2% | 24.9% | |
| 34.2 | 40.9 | 32.6 | 44.3 | |
| – | +19.6% | minus 20.2% | +35.8% | |
| 37.97 | 45.40 | 36.22 | 49.18 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9 | 9 | 9 | 9 | |
| 250 | 292 | 327 | 375 | |
| 54.2 | 59.5 | 97.6 | 104 | |
| 63.1 | 55.7 | 35.5 | 42.9 | |
| 377 | 416 | 469 | 531 | |
| 37.6 | 40.7 | 41.1 | 53.7 | |
| 0.1 | 0.1 | – | – | |
| 5.6 | 7.7 | 9.6 | 15.7 | |
| 0.3 | 1.5 | 0.2 | 0.3 | |
| 333 | 366 | 418 | 461 | |
| 377 | 416 | 469 | 531 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.5 | 0.3 | −23.7 | −10.3 | |
| −5 | −6.6 | −14.5 | 4.8 | |
| 7.4 | 7.6 | 36.9 | 5.5 | |
| −0.2 | 1.2 | −1.3 | 0 | |
| – | −14.5 | −3.9 | −16.3 | |
| −2.5 | −14.3 | −27.6 | −26.6 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.