3,200 per cent Returns in 5 Years: Bajaj Group-Backed Multibagger Steel Company Bags Order Worth Rs 43 Crore for Cotton Ginning & Processing Machinery
The company has a market capitalisation of Rs 1,505 crore and delivered multibagger returns of 145 per cent in the last year. The stock price has given a whopping 3,200 per cent returns in the last 5 years.
Bajaj Steel Industries Limited has secured an export order worth approximately Rs 43 crore (USD 5.03 million) from an international client for the design, manufacturing, supply, supervision of installation, and commissioning of Cotton Ginning & Processing Machinery. The order also includes spare parts, electrical panels, and pre-fabricated structural buildings.
The execution timeline for this project is between 6 to 9 months, during which Bajaj Steel Industries will be responsible for delivering and installing the machinery as per the client's specifications. This order reinforces the company’s position as a global leader in cotton ginning and processing solutions, further strengthening its presence in the international market.
DSIJ's 'Value Pick' service recommends long-term stocks based on Value Investing Philosophy. If this interests you, do download the service details here.
Incorporated in 1961, Bajaj Steel Industries Ltd manufactures Cotton ginning and Pressing Machineries, Pre fabricated building structure, components and allied products. The company has a market capitalisation of Rs 1,505 crore and delivered multibagger returns of 145 per cent in the last year. The stock price has given a whopping 3,200 per cent returns in the last 5 years.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 138.05 crore, reflecting a YoY growth of 9.69 per cent compared to Rs 125.86 crore in December 2023. The operating profit stood at Rs 20.78 crore, marking a 24.58 per cent increase from Rs 16.68 crore in the same quarter last year. The profit after tax (PAT) grew by 36.42 per cent to Rs 13.71 crore from Rs 10.05 crore in December 2023.
In FY24, the company posted a revenue of Rs 550.70 crore, registering a 0.33 per cent growth compared to Rs 548.91 crore in FY23. The net profit for the year stood at Rs 59.02 crore, down 12.56 per cent from Rs 67.50 crore in the previous financial year.
With a PE ratio of 21.8, the company trades at a discounted valuation compared to the industry PE of 32.4. The company has ROCE of 23.8 per cent and ROE of 32.4 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.