Financials Bajaj Steel Industries Limited

Equities

BAJAJST

INE704G01024

Heavy Machinery & Vehicles

Market Closed - Bombay S.E. 06:00:53 2024-05-03 am EDT 5-day change 1st Jan Change
1,289 INR -0.81% Intraday chart for Bajaj Steel Industries Limited +0.25% +10.44%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 417.7 626.5 384.2 2,233 3,288 5,546
Enterprise Value (EV) 1 1,130 1,251 958.3 2,213 2,959 5,314
P/E ratio 3.64 x 4.57 x 1.63 x 3.4 x 9.01 x 8.22 x
Yield 1.69% 1.5% 2.45% 0.7% 0.32% 0.28%
Capitalization / Revenue 0.17 x 0.17 x 0.09 x 0.44 x 0.75 x 1.04 x
EV / Revenue 0.46 x 0.33 x 0.23 x 0.43 x 0.68 x 1 x
EV / EBITDA 5.1 x 3.96 x 2.66 x 2.46 x 5.8 x 5.98 x
EV / FCF -237 x 47 x 152 x 4.78 x 15 x -19.5 x
FCF Yield -0.42% 2.13% 0.66% 20.9% 6.68% -5.13%
Price to Book 0.61 x 0.78 x 0.38 x 1.3 x 1.59 x 2.03 x
Nbr of stocks (in thousands) 4,700 4,700 4,700 5,200 5,200 5,200
Reference price 2 88.88 133.3 81.75 429.4 632.3 1,066
Announcement Date 9/3/18 9/3/19 7/31/20 11/23/21 8/30/22 8/29/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 2,476 3,768 4,146 5,110 4,369 5,333
EBITDA 1 221.7 316.2 360.4 898.5 510.1 888.1
EBIT 1 163.1 278 317.8 858.6 452.4 815.9
Operating Margin 6.59% 7.38% 7.67% 16.8% 10.35% 15.3%
Earnings before Tax (EBT) 1 104.9 227.1 316.6 869.9 487.1 940
Net income 1 114.6 137.1 236.4 656 364.9 675
Net margin 4.63% 3.64% 5.7% 12.84% 8.35% 12.66%
EPS 2 24.38 29.17 50.30 126.2 70.18 129.8
Free Cash Flow 1 -4.775 26.61 6.312 462.7 197.6 -272.7
FCF margin -0.19% 0.71% 0.15% 9.06% 4.52% -5.11%
FCF Conversion (EBITDA) - 8.42% 1.75% 51.5% 38.73% -
FCF Conversion (Net income) - 19.41% 2.67% 70.54% 54.14% -
Dividend per Share 2 1.500 2.000 2.000 3.000 2.000 3.000
Announcement Date 9/3/18 9/3/19 7/31/20 11/23/21 8/30/22 8/29/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 712 624 574 - - -
Net Cash position 1 - - - 19.8 329 231
Leverage (Debt/EBITDA) 3.213 x 1.974 x 1.593 x - - -
Free Cash Flow 1 -4.78 26.6 6.31 463 198 -273
ROE (net income / shareholders' equity) 18.4% 18.4% 25.9% 48% 19.3% 28.1%
ROA (Net income/ Total Assets) 4.71% 7.2% 7.51% 16.8% 7.4% 12.1%
Assets 1 2,434 1,903 3,149 3,899 4,930 5,563
Book Value Per Share 2 145.0 172.0 217.0 330.0 398.0 526.0
Cash Flow per Share 2 19.40 26.00 29.50 106.0 177.0 84.10
Capex 1 16.8 80.6 170 110 248 449
Capex / Sales 0.68% 2.14% 4.11% 2.14% 5.68% 8.41%
Announcement Date 9/3/18 9/3/19 7/31/20 11/23/21 8/30/22 8/29/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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