This Multibagger Steel Stock Delivers 168 per cent Returns and Expands with a New Maharashtra Plant!
New Manufacturing Facility in Nagpur to Boost Production of Pre-Fabricated Steel Buildings
Bajaj Steel Industries has started operations at its new plant in Nagpur. The facility has an annual production capacity of 25,000 MT and focuses on manufacturing pre-engineered and pre-fabricated steel buildings. The plant became operational on November 27, 2024.
Products and Services
The company offers a wide range of products, including ginning and pressing machinery, power transmission products, specialty conveyors, and electrical panels. It also provides structural fabrication, steel buildings, pre-fabricated houses, fire fighting systems, and steel door laser cutting machines.
Business Overview
Bajaj Steel is ISO-certified and specializes in cotton ginning technologies and seed processing equipment. Its products and services are exported to over 40 countries, including the US, Southeast Asia, Africa, and Europe.
Strong Financial Performance
In Q2 FY25, Bajaj Steel reported consolidated revenue of Rs 15,397 crore, a 7 per cent increase from the previous quarter. EBITDA stood at Rs 2,705 crore, growing by 11 per cent, while profit before tax (PBT) increased by 14 per cent to Rs 2,325 crore.
Robust Order Book
The company’s total order position currently stands at Rs 5,270 crore, reflecting strong demand across its business segments.
Impressive Stock Returns
Bajaj Steel’s stock has delivered a remarkable 168 per cent return over the past year. On a year-to-date basis, it has gained 147 per cent, showcasing strong investor confidence.
Bajaj Steel’s diverse product portfolio, operational expansion, and strong financials underline its growth momentum.