IP
IndiaPulse

Bajaj Steel Industries Limited (BAJAJST)

Small Cap

Metals 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.

₹362.95
+1.45 · +0.40%
Quote05 Sept, 08:06 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 20.4 (n=89)
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, management trust is acceptable, price trend is neutral, 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
OVERVALUED
28

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Mixed Trust
69

low confidence · 0/0 claims checked

Technical
Neutral
52

Timing lens: price trend and sector relative strength.

Result consistency
weak
27

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

PAT -104% YoY · margin compression · Rev +12% YoY

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹120.4 Cr+11.9%+3.1%
EBITDA₹5.9 Cr-56.6%+4.6%
Operating margin4.9%-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.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

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.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

52Neutral

SMA20 -8.8% / mo · MACD + · near 52W low · sector +2.7pp vs Nifty (3M)

Stock trend: 44
Sector RS: 64
Sector 3M: +1.2% vs Nifty -1.5%

Technical chart

BAJAJSTdaily · 1Y · AUTO-25.0%
Latest close ₹362.95 on 2026-09-04

Daily history is available from 2026-04-20; the requested 1Y window is partially covered.

Bar
-1.0%
RSI
48
MACD hist
1.83
52W pos
12%
2026-09-04O ₹366.70H ₹366.85L ₹361.70C ₹362.95Vol 4,966 sh
₹334.76₹380.08₹425.40₹470.72₹516.0452H52L362.952026-06VolRSIMACD2026-042026-052026-062026-082026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend unclear. RSI 48. Wait for confirmation.

  • SMA20 falling (~9.6% over last month) — short-term momentum negative.
  • RSI(14) at 48 — rising, no extreme reading.
  • MACD above signal, histogram expanding — bullish momentum building.
  • 29% off 52W high · 6% 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.

Valuation & score drivers

U-Score 28 · OVERVALUED · pillar breakdown, sector model, fair-value anchor

28U-SCORE
OVERVALUED

Fundamental score breakdown

OVERVALUED
Valuation1/30
Growth2/25
Quality0/20
Balance Sheet11/15
Cash Flow8/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
28

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

28/100 · 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 -573.9%.
  • Quality is weaker at 0/20; verify the latest quarterly trend.
  • Valuation is weaker at 1/30; 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.

Cyclical normalized
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
25.8
PB
1.8
EV/EBITDA
11.4
ROE
9.1%
ROCE
11.7%
FCF Yield
2.6%
Debt/Equity
0.1
MoS
-573.9%
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: 05 Sept 2026
v4.3-runtime-valuation
Final score
28
Previous: 28
Verdict
OVERVALUED
Previous: OVERVALUED
Margin of safety
-573.9%
Previous: -573.9%

Score history

12 stored score snapshots. Latest stored move: +0 points.

05 Sept 2026
v4.3-runtime-valuation
27
27
28
28
28
28
28
28
28
29
28
28

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
-42.9% MoS
Growth-justified P/E
3.8
Growth-justified Value
₹53.85
-573.9% MoS
PEG

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
69Mixed Trust · 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.

Mixed Trust: 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.

Healthy Trust Lite: Promoter holding is 56.6%. Key concern: 3 latest quarters had PAT decline worse than 25% YoY.

Computed 05 Sept 2026
management-trust-v1
14 docs text-extracted · 0 concalls text-extracted
Score band
Mixed Trust

Usable, but needs evidence. Treat guidance with a margin of safety.

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

Mixed Trust · low confidence
What 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.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
25.80
P/B
1.78
EV/EBITDA
11.36
Market Cap
755.00Cr

Profitability

ROE
9.10%
ROCE
11.70%
ROA
4.15%
Dividend Y
0.28%

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
3.71
Book Value
204.00

Cash Flow

FCF Yield
2.65%
FCF Positive Y
7/5
OCF
78.00 Cr
EPS TTM
14.06

Shareholding

Promoter Hold
56.62%
Promoter Pledge
0.00%
Momentum 52W
19%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
No data

Net Profit

₹ Cr
No data

Return on Equity

%
No data

Peers

Business-comparable names in Metals, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.