Bajaj Steel Industries Limited (507944) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Bajaj Steel Industries Limited ₹846, price ₹334, upside +153.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹117.81 – ₹920.54 · fair‑value band ₹559.23 – ₹1,212 · the ₹334.40 price screens below the ₹845.94 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Bajaj Steel Industries Limited manufactures and sells cotton ginning and pressing machinery in India and internationally.
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Bajaj Steel Industries Limited manufactures and sells cotton ginning and pressing machinery in India and internationally. The company offers cotton ginning and pressing machineries, such as double roller ginning machines, auto feeders, cotton baling presses, pre-cleaners, lint cleaners, cotton boll openers, air separators, battery condensers, stone removers, seed cotton conveying systems, stone catchers/rock traps, air locks, belt conveyor systems, lint conveying systems, fire detectors/diverters, screw conveyors, pneumatic conveying systems, bucket elevators, automatic ginning plants, auto regulators, surge hoppers, overflow hoppers, seed conveying systems, and cotton bale wire ties; and baling presses for various applications. It also provides tractor attachments for cotton ginning industry; delinting and decorticating machinery; components and machined parts, including spares, manifold blocks, gear blanks, wind mill shafts, turbine housings, gear box assemblies, head spigots, balancing masses, and hand granades; electrical panels and accessories; chimneys, hydraulic power packs and cylinders, structures for machineries, gantry for material movement, steel structures for oil refineries, steel and stainless tanks for humidifiers, and silos and other storage equipment; and truck loaders/unloaders, telescopic conveyors, and z-elevators. In addition, the company offers bucket elevators, rotary lifts/vertical screw elevators, and screw and belt conveyors; hot air humidification systems, cold moisturizing systems, and lint slides for humidification systems; dust/waste handling systems; steel buildings; firefighting/hydrant systems; steel/safety doors; laser cutting machines; pre-fabricated steel trusses, as well as services for steel pipelines fabrications; and power transmission products. Further, it trades in cotton products. The company was founded in 1961 and is headquartered in Nagpur, India.
Stock analysis
Bajaj Steel Industries Limited (507944) currently trades at ₹334.40, while our model-based Fair Value estimate is ₹845.94, implying the stock looks roughly 60.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,243 per share, and 22 of the 24 models we run sit above the ₹334.40 price.
Bear case: the Asset-Based group reads lowest at ₹546.27, and 2 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹559.23 (bear) to ₹1,212 (bull), the price of ₹334.40 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Bajaj Steel Industries Limited reported revenue of ₹5.2B in FY2026 versus ₹4.4B in FY2022, a compound +4.7%/yr. Reported net income was ₹369M in FY2026, compounding +0.3%/yr from FY2022.
Key figures
Market cap ₹1.2B (≈ $12.4M) · P/E ratio 5.4 · P/S ratio 0.38 · EPS (TTM) ₹50.30 · Dividend yield 0.6% · Net margin 7.0% · Return on assets (EBIT) 13.3% · Operating margin 9.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −58% fair-value upside, at 153%, 507944 screens cheaper than that median.
Fair Value models
Bear ₹559.23Fair Value ₹845.94Bull ₹1,212
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹24.61 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−10.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.5%
Start year 2021 (pandemic). Over 10 years: +5.5% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−23.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.0%
Dividend (yield on the price)0.6%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 8%
⚠ Revenue per share shrinking 9.4%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +25.4% a year for the price.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Industrial Machinery · 17 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Above median
Fair Value upside−43.5% · Above median
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)6.6% · Above median
Operating margin (TTM)9.1% · Above median
Growth and dividend
Revenue growth−15.3% · Bottom 25%
Dividend yield (TTM)0.6% · Above median
Balance sheet
Debt / equity0.04× · Above median
Valuation Multiplesvs Industrial Machinery median · lower = cheaper
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Is Bajaj Steel Industries Limited (507944) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹845.94 versus a price of ₹334.40, about +153% upside (undervalued).
What is the fair value of 507944?
Our model-based fair value for Bajaj Steel Industries Limited is ₹845.94 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹334.40.
What is the quality score of 507944?
Bajaj Steel Industries Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bajaj Steel Industries Limited (507944)?
Our model-based price target is the fair value of ₹845.94 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ₹559.23, optimistic scenario ₹1,212. It is a calculation from audited fundamentals, not an analyst target.
What is the Bajaj Steel Industries Limited stock forecast for 2026?
Our models put fair value at ₹845.94, about +153% upside versus a price of ₹334.40 (undervalued). Cautious scenario ₹559.23, optimistic scenario ₹1,212. The calculation is refreshed regularly with new filings.
What is the revenue of Bajaj Steel Industries Limited (507944)?
Bajaj Steel Industries Limited reported trailing-twelve-month revenue of about ₹4.0B (latest available figure, as of Sep 24, 2026).
Does Bajaj Steel Industries Limited pay a dividend?
Bajaj Steel Industries Limited currently shows a dividend yield of about 0.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bajaj Steel Industries Limited (507944)?
For today's price to be fair in a discounted-cash-flow model, Bajaj Steel Industries Limited would have to grow free cash flow by +30.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 507944 use?
Our models discount Bajaj Steel Industries Limited at 11.8 %: a base by market capitalisation (nano), damped by beta 0.82, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bajaj Steel Industries Limited that is +30.6 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Bajaj Steel Industries Limited (507944) delivered so far?
Over the past 5 years revenue at Bajaj Steel Industries Limited grew +0.5 % a year. The price currently implies +30.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bajaj Steel Industries Limited (507944) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into Bajaj Steel Industries Limited (+30.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bajaj Steel Industries Limited (507944)?
The free-cash-flow yield on the price is 2.25 %: that much free cash flow Bajaj Steel Industries Limited produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bajaj Steel Industries Limited (507944)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bajaj Steel Industries Limited it is ₹845.94 per share (as of Sep 24, 2026), against a price of ₹334.40. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Bajaj Steel Industries Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 507944 trades below its calculated fair value: price ₹334.40, fair value ₹845.94, a gap of about +153% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 507944?
No. The price is what the market pays today (₹334.40); the fair value is what the company's own numbers justify (₹845.94). For Bajaj Steel Industries Limited the two are ₹511.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bajaj Steel Industries Limited worth?
The market values Bajaj Steel Industries Limited at about ₹1.2B (market capitalisation, as of Sep 24, 2026). Per share that is ₹334.40; our models calculate a fair value of ₹845.94 per share.
What do the bullish and bearish scenarios say about 507944?
Our models span a range for Bajaj Steel Industries Limited: cautious scenario ₹559.23, base ₹845.94, optimistic ₹1,212 per share (as of Sep 24, 2026, price ₹334.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 507944?
Bajaj Steel Industries Limited trades at a price-to-earnings ratio of 5.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹845.94 is built from several models across several years.
How solid is the balance sheet of Bajaj Steel Industries Limited (507944)?
Balance-sheet figures for Bajaj Steel Industries Limited (as of Sep 24, 2026): debt of 0.04 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 507944 from its 52-week high?
Bajaj Steel Industries Limited trades at ₹334.40, about 44% below its 52-week high of ₹596.95 and 9% above the low of ₹307.20 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹845.94 is for.
Which stocks are comparable to Bajaj Steel Industries Limited?
From the same area (Industrials) we also value BAJAJST, SEALMATIC, BIRLAPREC, Stovec Industries Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bajaj Steel Industries Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹334.40, calculated fair value ₹845.94 (+153%), Quality Score 48/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 507944 calculated?
We run Bajaj Steel Industries Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹845.94, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Bajaj Steel Industries Limited currently trades 60 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bajaj Steel Industries Limited (507944)?
The closing price on Oct 1, 2026 was ₹334.40. Our model-based fair value is ₹845.94, about +153% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bajaj Steel Industries Limited right now?
The price is below even our cautious bear case (₹559.23). The market is more pessimistic than our downside scenario. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹559.23 to ₹1,212) leaves room in how you read the outcome.
Key figures of Bajaj Steel Industries Limited
How large is the market capitalisation of Bajaj Steel Industries Limited (507944)?
The market capitalisation of Bajaj Steel Industries Limited is ₹1.2B (≈ $12.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bajaj Steel Industries Limited (507944)?
The price-to-sales ratio of Bajaj Steel Industries Limited is 0.38 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bajaj Steel Industries Limited (507944)?
Earnings per share at Bajaj Steel Industries Limited are ₹50.30 (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bajaj Steel Industries Limited (507944)?
The dividend yield of Bajaj Steel Industries Limited is 0.6% (payout 4.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bajaj Steel Industries Limited (507944)?
The net margin of Bajaj Steel Industries Limited is 7.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Bajaj Steel Industries Limited (507944)?
On an EBIT basis the return on assets of Bajaj Steel Industries Limited is 13.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bajaj Steel Industries Limited (507944)?
The operating margin of Bajaj Steel Industries Limited is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bajaj Steel Industries Limited (507944)?
Revenue at Bajaj Steel Industries Limited is growing −15.3% versus a year earlier (3y avg −1.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Bajaj Steel Industries Limited (507944) carry?
The net debt of Bajaj Steel Industries Limited is ₹182M (fiscal year 2025, ≈ 1.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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