Bajaj Steel Industries Limited · NSE:BAJAJST
Bajaj Steel Industries — Q1 FY2026 Earnings Presentation
40 slides from Bajaj Steel Industries's earnings presentation, August 2025
Slide 1: Bajaj Steel Industries Limited Q1FY26 Investor Presentation
BAJAJ STEEL INDUSTRIES LIMITED A Multi-Product Engineering Company Q1FY26 INVESTOR PRESENTATION
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), has been prepared by Bajaj Steel Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
Slide 3: Table Of Content
Table Of Content 02 04 01 03 Company Annexure Overview Q1FY26 Annual Highlights Financials www.bajajngp.com 3
Slide 4: Q1FY26 Highlights
4 Q1FY26 Highlights www.bajajngp.com 4
Slide 5: From the CEO's Desk
From the CEO’s Desk “Bajaj Steel Industries delivered a stable performance in Q1FY26, with steady growth in operations and financials. This year marked a key milestone as we expanded capacity in the Infrastructure Division, which is expected to triple revenue from this segment in next 2-3 years. We
Slide 6: Consistent Growth in Revenue with Improved Profitability
Consistent Growth in Revenue with Improved Profitability… Net Revenue (Rs Cr) EBITDA (Rs Cr) & Margin (%) PAT (Rs Cr) & Margin (%) 182 16% 16% 16% 25% 12% 12% 141 154 16% QoQ 32% QoQ 86 73 35 106 24 26 81 98% 96 22 22 18 35 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25^ Q4FY25 Q1FY26 Cotton
Slide 7: Other Key Business Updates
Other Key Business Updates New Subsidiaries: Incorporated two subsidiaries in Brazil to expand into the South American market. Product Expansion: Began manufacturing of equipment for Steel Plants, Torrefaction Units, Biomass Pellet Plants, and Airport Passenger boarding bridges; also acts as a syste
Slide 8: Profit & Loss Highlights
Profit & Loss Highlights Consolidated (Rs Cr) Q1FY26 Q1FY25 YoY (%) Q4FY25 QoQ (%) FY25 FY24 YoY (%) Revenue From Operations 141 __% 154 __% 585 551 6% Cost of Goods Sold 72 72 283 282 Employee Benefits Expense 20 22 80 72 Other Expenses 27 36 129 117 EBITDA 22 __% 24 __% 92 79 16% EBITDA Margin 15.
Slide 9: Investing for Future Growth: Planned Capex of Rs 300-350 Cr
Investing for Future Growth: Planned Capex of Rs 300-350 Cr (over 2-3 yrs) Revenue Share – FY25 (%) Planned Capex* Utilization of Capex Leadership position, stable business; Cotton Processing Rs 10 Cr Developing high-speed, high-capacity ginning machines to 66% Machinery (only maintenance capex) enh
Slide 10: Conservative Balance Sheet and Comfortable Liquidity Profile
Supported by Conservative Balance Sheet and Comfortable Liquidity Profile Net Worth (Rs Cr) & TOL/TNW* (x) Net Debt (Rs Cr) & Net Debt to Equity (x) 1.64 0.3 1.15 0.91 0.63 0.70 0.56 28 -0.1 -0.1 -0.2 -0.3 332 387 -0.4 274 171 207 -32 -19 102 -48 -52 -78 • Strong Net Worth backed by growing FY20 FY2
Slide 11: Company Overview
11 Company Overview www.bajajngp.com 11
Slide 12: Bajaj Steel Industries – Key Strengths
Bajaj Steel Industries – Key Strengths Incorporated in 1961 under the visionary leadership of Late Shri Hargovind Bajaj, BSIL has evolved from a Cotton Ginning Machinery Company → Multiproduct Engineering Company 64 Years Manufacturing Presence Across Strong Technology-Led & Financial Prowess of Leg
Slide 13: Our Journey To Becoming A Multiproduct Engineering Company
Our Journey To Becoming A Multiproduct Engineering Company 01Cotton 01 01 Continental 01 01 Electrical Heavy Processing Infrastructure Eagle Panels Engineering Machinery Corporation ince ince ince ince ince S S S S S 196 201 201 201 202 1 0 2 8 3 • Started with manufacturing • Forayed into the Infra
Slide 14: Manufacturing Prowess: State-of-the-Art facilities
Manufacturing Prowess: State-of-the-Art facilities Manufacturing Facilities Across 100,000 Sq.Mtrs ISO Certifications: ISO 9001:2015 | ISO 14001:2015 | ISO 45001:2018 Research and Development: Collaboration Central Institute For Research On Cotton Technology, Central Building Research Institute, Roo
Slide 15: Extensive, High-quality Machines Catering To Varied Sectors
Extensive, High-quality Machines Catering To Varied Sectors Cutting & Bending Machining Material Handling • 7 Laser Cutting Machines (up to 100 mm SS) • 56 CNC Machines • EOT Cranes (up to 25 MT) • CNC Sheet Benders • 91 Conventional Machines • 11 Hydra Cranes • CNC Press Brakes (16 mm × 6500 mm) •
Slide 16: Global Presence Across 60+ Countries
Global Presence Across 60+ Countries enabling Wide Reach Head-Office: C-108, MIDC Industrial Area, Hingna, Nagpur. USA CIS Countries GCC Countries Nagpur, India Manufacturing Units: 13 units in Nagpur, India. West Africa East Africa Brazil Uganda Subsidiaries: Peru Paraguay Bajaj Coneagle LLC, USA B
Slide 17: Long Standing Relationships with Marquee Clients
Long Standing Relationships with Marquee Clients Across the Globe www.bajajngp.com 17
Slide 18: Highly Experienced Management Team
Highly Experienced Management Team… Shri Rohit Bajaj Shri Sunil Bajaj Dr. M.K. Sharma Chairman & MD Executive Director Whole Time Director & CEO Qualification: Bachelor's Degree in Arts Qualification: Bachelor's Degree in Engineering from Qualification: PhD from Nagpur University (2014) on Manipal I
Slide 19: Guided by a Strong Board of Directors
…Guided by a Strong Board of Directors Shri Deepak Batra Dr. Pankaj Agrawal Dr. Raja Iyer Non - Executive Director Independent Director Independent Director Qualification: Chartered Accountant with extensive Qualification: Chartered Accountant with decades of Qualification: An Electronics graduate w
Slide 20: Global Recognition & Industry Leadership
Global Recognition & Industry Leadership Collaboration Central Building Artu K Central Institute For Research Institute, System Integrator Research On Cotton Roorkee Certificate Technology Certificate Of Central Power Underwriters Compliance Research Institute Laboratories ISO 9001:2015 Collaboratio
Slide 21: Business Divisions
21 Business Divisions www.bajajngp.com 21
Slide 22: Cotton Processing Machinery Division
Cotton Processing Machinery Division Global Leader: Revenue (Rs Cr) • ~35–40% Global Market Share, 50% Domestic Share, 50%+ Revenue from Exports, Presence in 60+ Countries • Awarded India’s Largest & Most Modern Cotton Ginning Machinery Maker – Ministry of Textiles 424 393 385 Complete Portfolio: 26
Slide 23: Infrastructure Division
Infrastructure Division Core Business: Revenue (Rs Cr) Specializes in design, fabrication, and erection of Pre-Engineered Buildings, Industrial Sheds, Warehouses, K-Houses, and 89 82 86 Solar Mounting Structures. 10 51 82 82 76 27 EPC Projects: 24 Executing turnkey projects for major clients like In
Slide 24: Electrical Panel Division
Electrical Panel Division Product Range: Revenue (Rs Cr) Manufactures and sells a wide range of Electrical Panels (Power & Motor Control Centers, APFC Panels, LT & HT Panels, IMCC 54 Panels, Drive Panels, PLC & SCADA Panels, AMF Panels, Synchronization Panels, Control Panels, Lighting Panels, Power
Slide 25: Heavy Engineering Division
Heavy Engineering Division Custom Fabrication: Revenue (Rs Cr) Specializes in tailored fabrication/structural solutions for OEMs in Steel, Cement, Mineral, and Power sectors. The division also produces products like aerobridges & passenger boarding systems, Biomass Pellets, etc. 42 10 23 19 New Segm
Slide 26: Other Products
Other Products Fire Fighting Systems Steel Doors (Fire, Hospital, Commercial & Dom. Application) Duct Systems & Cyclone Revenue (Rs Cr) Duct Solutions 19 16 13 11 16 15 6 13 Fire Alarm and Fire Fire Hydrant Single Leaf Two Leaf Fire Door Detection Systems Extinguishers Pumps Door Models Door Models
Slide 27: Annual Financials
27 Annual Financials www.bajajngp.com 27
Slide 28: Profit & Loss Highlights
Profit & Loss Highlights Consolidated (Rs Cr) FY22 FY23 FY24 FY25 3 Year CAGR Revenue From Operations 439 533 551 585 10% Cost of Goods Sold 235 259 282 283 Employee Benefits Expense 51 63 72 80 Other Expenses 99 120 117 129 EBITDA 54 91 79 92 19% EBITDA Margin 12.3% 17.1% 14.4% 15.8% Depreciation a
Slide 29: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Cr) Mar-22 Mar-23 Mar-24 Mar-25 Assets (Rs Cr) Mar-22 Mar-23 Mar-24 Mar-25 Share Capital 2.6 2.6 2.6 10.4 PPE & Intangible Assets 76.4 93.8 148.0 175.2 Reserves & Surplus 204.2 271.0 329.5 377.0 Capital WIP 13.8 23.9 9.8 19.2 Shareholders' Funds 206.8 273.6 3
Slide 30: Cashflow Highlights
Cashflow Highlights Particulars (Rs Cr) FY22 FY23 FY24 FY25 (A) Net Cash Flow from Operating Activities 55.1 26.5 55.3 52.4 (B) Net Cash Flow from Investing Activities -20.2 -52.1 -66.4 -38.1 (C) Net Cash Flow from Financing Activities 4.1 -21.9 19.0 -26.2 Net (Decrease)/ Increase in Cash & Cash Equ
Slide 31: Annexure
31 Annexure www.bajajngp.com 31
Slide 32: Manufacturing Facilities Across 100,000 Sq.Mtrs
Manufacturing Facilities Across 100,000 Sq.Mtrs C-108, MIDC, Hingna, Nagpur C-20-10, MIDC, Hingna, Nagpur G6-G7, MIDC, Hingna, Nagpur Area: 26,830 Sq. Mtrs. Area: 3,868 Sq. Mtrs. Area: 24,000 Sq. Mtrs. Divisions: Cotton Processing M/c Divisions: Cotton Processing M/c Divisions: Cotton Processing M/c
Slide 33: Executed Projects (Cotton Processing Machinery Division)
Executed Projects (Cotton Processing Machinery Division) Domestic Ginning Plants Exported Ginning Plants www.bajajngp.com 33
Slide 34: Executed Projects (Infrastructure Division)
Executed Projects (Infrastructure Division) PROJECT YEAR OF COMPLETION LOCATION PROJECT YEAR OF COMPLETION LOCATION Industrial Shed 2024 CH.SAMBHAJINAGAR Warehouse 2025 KOLHAPUR SPECIAL FEATURE - Multi Span Industrial Shed Of 80, 000 Sq.Ft at Ch.Sambhajinagar SPECIAL FEATURE - Construction Of 3000 M
Slide 35: Executed Projects (Electrical Panels)
Executed Projects (Electrical Panels) Electrical panel supplied to one of our Foreign Client Electrification work of Spinning Mills www.bajajngp.com 35
Slide 36: Executed Projects (Heavy Engineering Division 1)
Executed Projects (Heavy Engineering Division 1) Torres Actor drum assembly for Molten Steel transfer Car for steel plants, Primetals Torrefaction plant, TSI USA www.bajajngp.com 36
Slide 37: Executed Projects (Heavy Engineering Division 2)
Executed Projects (Heavy Engineering Division 2) Passenger Boarding Bridge Hopper www.bajajngp.com 37
Slide 38: Executed Projects (Others)
Executed Projects (Others) Telescopic Conveyor for Godrej Consumer Metro Station, Nagpur – Fire Fighting System Products Limited, Sikkim www.bajajngp.com 38
Slide 39: Stock Information
Stock Information Shareholding Pattern (as on June - 25) Script Related Information (as on 28- May-2025) BSE/NSE Code 507944 | BAJAJST Promoters 48.3% CMP (Rs) 707 Public Market Cap (Rs Cr) 1470 51.6% Shares O/s (Cr) 2.08 FII and DII Face Value (Rs) 5 0.2% Promoters FII and DII Public Average Tradin
Slide 40: Contact Us
CONTACT US Bajaj Steel Industries Limited Manish Sharma | sharma.manish@bajajngp.com Rachit Jain| rachit.jain@bajajngp.com Phone: 07104238101 Stellar IR Advisors Pvt. Ltd. Akhilesh Gandhi, CFA | akhilesh@stellar-ir.com Regd. Office: Plot No. C-108, MIDC Industrial Area, Hingna Nagpur - 440016 Omkar
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