Bajaj Steel Industries Ltd

Bajaj Steel Industries has received reaffirmation in credit rating for bank facilities from CRISIL as under: Total bank loan facilities rated - Rs 194 crore Long term rating - CRISIL A/ Stable (reaffirmed) Short term rating - CRISIL A1 (reaffirmed) Powered by Capital Market - Live

Bajaj Steel Industries has received reaffirmation in credit ratings from CRISIL as under: Total bank facilities rated - Rs 194 crore Long term rating - CRISIL A/ Stable Short term rating - CRISIL A1 Powered by Capital Market - Live

Crisil Ratings stated that the company has a healthy order book, which provides revenue visibility. It maintains a healthy bid pipeline and has expanded its geographic reach to more than 60 countries, which will sustain order inflow. While cotton ginning machinery is the main business of BSIL, increased product diversification into electric panels, infrastructure (pre-engineered buildings [PEBs]) and heavy engineering for diverse industries will help sustain growth and safeguard against slowdown in the cotton industry. The financial risk profile will remain strong, with networth at Rs.390 crore as on 31 March 2025, and expected over Rs 550 crore over the medium term with greater accretion of profits and lower reliance on debt. The company plans capital expenditure (capex) of Rs 300-350 crore over the next 2-3 years, which will be funded through internal accrual, debt and other modes will be raised only if necessary. The ratings continue to reflect the strong track record and extensive experience of the promoters in the cotton ginning machinery business, the improving geographical diversity of the company and its strong financial risk profile. These strengths are partially offset by limited scale of operations, susceptibility to economic downturns and to volatility in cotton demand-supply and prices, and large working capital requirement. Bajaj Steel Industries (BSIL) manufactures cotton processing machinery, equipment and their spare parts, PEBs, electrical panels, fire-fighting equipment, steel doors,heavy engineering equipment and other products The company is one of the few players with operations across the entire ginning process value chain. It has a registered office and fourteen manufacturing units in Nagpur, Maharashtra. The company's consolidated net profit declined 19.91% to Rs 18.06 crore as net sales fell by 11.73% to Rs 153.50 crore in Q4 FY25 as compared with Q4 FY24. The scrip advanced 0.36% to currently trade at Rs 742.85 on the BSE. Powered by Capital Market - Live

Net profit of Bajaj Steel Industries declined 19.91% to Rs 18.06 crore in the quarter ended March 2025 as against Rs 22.55 crore during the previous quarter ended March 2024. Sales declined 11.73% to Rs 153.50 crore in the quarter ended March 2025 as against Rs 173.89 crore during the previous quarter ended March 2024. For the full year,net profit rose 42.88% to Rs 84.33 crore in the year ended March 2025 as against Rs 59.02 crore during the previous year ended March 2024. Sales rose 6.14% to Rs 584.79 crore in the year ended March 2025 as against Rs 550.96 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales153.50173.89 -12 584.79550.96 6 OPM %15.7514.91 -15.7514.41 - PBDT29.2835.71 -18 100.3591.50 10 PBT23.2530.93 -25 85.4179.61 7 NP18.0622.55 -20 84.3359.02 43 Powered by Capital Market - Live

Bajaj Steel Industries announced that the Board of Directors of the Company at its meeting held on 28 May 2025, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 20%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Bajaj Steel Industries will hold a meeting of the Board of Directors of the Company on 28 May 2025.Powered by Capital Market - Live

The contract entails the design, manufacturing, supply, supervision of installation, and commissioning of cotton ginning and processing machinery, including spare parts, electrical panels, and prefabricated structural buildings. The aforementioned contract is to be executed within a 6 to 9 month period. Bajaj Steel manufactures cotton processing machinery, equipment and their spare parts, PEBs, electrical panels, fire-fighting equipment, steel doors and heavy engineering equipment. The company is one of the few players with operations across the entire ginning process value chain. The company's consolidated net profit increased by 36.42% to Rs 13.71 crore on a rise in 9.69% in revenue to Rs 138.05 crore in Q3 FY25 as compared with Q3 FY24. The scrip fell 1.22% to currently trade at Rs 730.40 on the BSE. Powered by Capital Market - Live

Bajaj Steel Industries has received an export order worth about Rs 43 crore (USD 5.03 Million) for Design, manufacturing, supply, supervision of installation, and commissioning of Cotton Ginning & Processing Machineries including Spare Parts, Electrical Panels and Pre-Fabricated Structural Building, to be delivered over a period of next 6 to 9 months. Powered by Capital Market - Live

Bajaj Steel Industries has incorporated wholly owned subsidiaries, Bajaj Continental Ltda and Bajaj Services Ltda in the country of Campinas, State of S'o Paulo, Brazil w.e.f 13 February 2025. Powered by Capital Market - Live

Net profit of Bajaj Steel Industries rose 36.42% to Rs 13.71 crore in the quarter ended December 2024 as against Rs 10.05 crore during the previous quarter ended December 2023. Sales rose 9.69% to Rs 138.05 crore in the quarter ended December 2024 as against Rs 125.86 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales138.05125.86 10 OPM %15.0513.25 - PBDT21.4916.75 28 PBT18.4813.30 39 NP13.7110.05 36 Powered by Capital Market - Live