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Bajaj Steel Industries
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Bajaj Steel Industries Ltd, a significant part of Bajaj Group of Industries, is an India-based company. The Company is engaged in manufacturing of Cotton Ginning and Pressing Machineries, Pre fabricated building structure, components and allied products, which it handles it from its 'Steel division' and manufacturing of Master Batches which it handles from its 'Plastic division'. Presently, all the manufacturing facilities of the company are in the state of Maharashtra.
The company operates in two business segments: steel division and plastics division. The products manufactured by the company include ginning machine, cotton ball opener, cotton baling press, cotton pre-cleaner, lint cleaner, auto feeder, cotton seed delinting machine, decorticator, hull beater, cotton seed cleaner and linter cleaner. In addition, they also offer humidification systems, various components, parts and turnkey projects for cotton ginning and pressing plants, and parts manufacturing for automobile and ordinance factories.
The company is having world class engineering setup in their various plants situated in and around Nagpur. The cotton ginning automation and cotton pressing machineries are manufactured in collaboration with Central Institute of Research on Cotton Technology, Govt. of India. The company exports their products to various countries including Bangladesh, Kenya, Madagascar, Malaysia, Myanmar, Nigeria, Sri Lanka, Uganda etc.
Bajaj Steel Industries Ltd was incorporated on February 14, 1961 as a private limited company. The company was promoted by Hargovind Bajaj. They started into industrial activity as steel re-rollers. In the year 1965, they developed a double roller cotton gin for separating cotton from seed. In October 4, 1985, the company was converted into a public limited company.
During the year 1995-96, the company increased the production capacity of Sacks/ Fabrics by 1000 MT to 6400 MT. During the year, 1996-97, they further increased the production capacity of Sacks/ Fabrics by 2550 MT to 8950 MT
During the year 2001-02, the company increased the production capacity of Master Batches from 5136 MT to 6000 MT.
During the year 2006-07, the company closed down the woven sack / fabric unit situated at Sausar Dist, Chhindwara in Madhya Pradesh as the unit was incurring continuous losses.
During the year 2008-09, the company received fifteenth Lalit Doshi Memorial award 2008-09 from SICOM Ltd, at the award function held at Mumbai on August 4, 2009 as best SICOM assisted unit.
The company was exploring the possibility to sale/ dispose/ transfer of their undertaking/ division namely 'Superpack Division' with all liabilities & assets of such division to any prospective Buyer/ Acquirer whether Individual or Body Corporate as the division had been incurring continuous losses.
The company entered into technical collaboration for manufacturing of saw gin, rotobar gin and other equipments earlier manufactured by Continental Eagle Corporation, USA to manufacture them in India.
During the year 2010-11, the Company launched a few new products like Cotton Dispensing Machines, Delinting Machines, Fire Diverter System, Pre-fabricated Industrial Shed, Raw Cotton Modular Feeding System Primary and Secondary Filter, Fiber Compacter etc.
The Company acquired the Business of Continental Eagle Corporation, USA during FY 2011-12 and consequently, formed its 100% subsidiary with the name as ' BAJAJ CONEAGLE LLC'at the State of Alabama, USA on April 02,2012. During 2012-13, it developed 'Single Line Feeding Screw Conveyor with Twin Auto Regulator' for conveying raw cotton to ginning machines evenly and efficiently to a series of Ginning Machines. In FY 2015-16, it expanded business to o various new engineered products such as Electrical Panels, Pre-engineered buildings & structures, undertook turnkey projects including civil in its area of operation, which was completed in Uganda & Benin.
During 2020-21, the Company expanded its Electrical Panel Division and commenced Manufacturing unit at Hingna, in Nagpur.
Bajaj Steel Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Bajaj Steel Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Bajaj Steel Industries is valued compared to its competitors.
Bajaj Steel Industries PE ratio helps investors understand what is the market value of each stock compared to Bajaj Steel Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Bajaj Steel Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Bajaj Steel Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Bajaj Steel Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Bajaj Steel Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Bajaj Steel Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Bajaj Steel Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Bajaj Steel Industries helps investors get an insight into when they can enter or exit the stock. Key components of Bajaj Steel Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Bajaj Steel Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Bajaj Steel Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Bajaj Steel Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Bajaj Steel Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Bajaj Steel Industries .
The balance sheet presents a snapshot of Bajaj Steel Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.