Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 10 Sep - Company clarifies delayed CRISIL rating disclosure; existing rating remains unchanged.
Source: Bse
Bajaj Steel Industries Limited (BAJAJST)
Small CapMetals stocks · Small cap · NSE
Bajaj Steel Industries Limited operates in Steel Products, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:50 pm ISTDetails
Quote21 Oct, 03:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 12:58 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -6.5% / mo · MACD − · near 52W low
Stock trend: 35
Sector RS: 44
Sector 3M: -5.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BAJAJSTD candles · FIT view-32.0%Latest close ₹322.85 on 2026-10-21
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-1.3%
RSI
39
MACD hist
-0.12
52W pos
8%
2026-10-21O ₹327.00H ₹329.85L ₹306.05C ₹322.85Vol 10,804 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BAJAJSTNifty MetalNifty 500
- BAJAJST
- -18.3%
- Nifty 500
- -6.5%
- Nifty Metal
- -6.1%
- Vs Nifty 500
- -11.8 pp
Chart stats
21 Oct 2026- From 52W high
- -36.4%
- 52W range position
- 8%
- ATR (14)
- 4.2%
- Volume vs 20D
- 1.58x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹306.1 - ₹355.9
₹507.8
₹306.1 - ₹507.8
₹13.5
Latest completed session
20-session average
29.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED31
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +11.9% · PAT -103.7% YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model-493.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -104% YoY · margin compression · Rev +12% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹120.4 Cr | +11.9% | +3.1% |
| EBITDA | ₹5.9 Cr | -56.6% | +4.6% |
| Operating margin | 4.9% | -771 bps | +8 bps |
| PAT | ₹-0.3 Cr | -103.7% | -111.6% |
| PAT margin | -0.2% | -710 bps | -221 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 23.50
- P/B
- 1.61
- EV/EBITDA
- 10.40
- Market Cap
- 686.00Cr
Profitability
- ROE
- 9.11%
- ROCE
- 11.70%
- ROA
- 4.15%
- Dividend Y
- 0.30%
Growth (CAGR)
- Revenue 5Y
- 1.00%
- EPS 5Y
- -10.00%
- Revenue 3Y
- -2.00%
- EPS 3Y
- -15.00%
Balance Sheet
- Debt/Equity
- 0.15
- Interest Coverage
- 10.60×
- Altman Z
- 3.56
- Book Value
- 204.00
Cash Flow
- FCF Yield
- 2.92%
- FCF Positive Y
- 7/5
- OCF
- 78.00 Cr
- EPS TTM
- 14.06
Shareholding
- Promoter Hold
- 56.62%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 8%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 120+3.1% vs prev
Net Profit
₹ CrLatest: -0.3-111.6% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend unclear. RSI 39.
- SMA20 falling (~7.0% over last month) — short-term momentum negative.
- RSI(14) at 39 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 36% off 52W high · 5% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
24
RS percentile
Insufficient history
1M return
-6.5%
3M return
-18.3%
6M return
-30.2%
1Y return
-
RS 1D
+6
RS 20D
-
Sector rank
#6
Industry rank
#55
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
neutral
Industry
improving
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
128 observations
21 Oct 2026Value 69.85+1.94%
RS vs Nifty 50070
Valuation & peers
U-Score 31 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 31 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation4/30
Growth2/25
Quality0/20
Balance Sheet11/15
Cash Flow8/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
31
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
31/100 · legacy band OVERVALUED
Positive drivers
- Piotroski is strong at 7/9.
- Cash flow contributes 8/10 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Fair-value margin of safety is negative at -493.5%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 2/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
23.5
PB
1.6
EV/EBITDA
10.4
ROE
9.1%
ROCE
11.7%
FCF Yield
2.9%
Debt/Equity
0.1
MoS
-493.5%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
31
Previous: 31
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-493.5%
Previous: -493.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
31
31
31
31
31
31
31
31
31
31
31
31
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹254.04
-25.8% MoS
Growth-justified P/E
3.8
Growth-justified Value
₹53.85
-493.5% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BEEKAY
Small
Beekay Steel Industries Limited
Steel
match 92
39
17.9
1.4%
-1035%
WATCHLIST
KAMDHENU
Small
Kamdhenu Limited
Steel
match 88
36
34.0
14.7%
-9%
WATCHLIST
SHAH
Small
Shah Metacorp Limited
Steel
match 88
40
23.1
5.2%
+40%
WATCHLIST
PSRAJ
SME
P S Raj Steels Ltd.
Steel
match 83
30
44.4
12.4%
-11%
OVERVALUED
ASHOKAMET
Small
Ashoka Metcast Limited
Steel
match 83
50
2.9
8.4%
+92%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Bajaj Steel Industries Limited operates in Steel Products, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
69Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 59th percentile of the scored universe and 48th percentile within Metals. Main check: results consistency is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
14 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · Metals: 48th pctile, median 70 · Small: 63rd pctile, median 66
Evidence depth
Financial-only
14 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
90
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
27
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 56.6%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 8.4%.
- ▸FCF yield is positive at 2.7%.
Trust risks
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -7.3%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Bajaj Steel Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 8 Sep - CRISIL reaffirmed Bajaj Steel's Rs.194 crore bank facilities at A/Stable and A1.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep - Pursuant to the provisions of SEBI Listing Regulations, 2015, Please find attached copies of the Newspaper Advertisement Published inter alia for the Notice of 65th …
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Investor presentationFeb 2026
Feb 2026 · PPT
Source: Bse
Investor presentationFeb 2026
Feb 2026 · PPT
Source: Bse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Bse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.