Bajaj Steel Industries Limited · NSE:BAJAJST
Bajaj Steel Industries — H1 FY2026 Earnings Presentation
39 slides from Bajaj Steel Industries's earnings presentation, Dec 1, 2025
Slide 1: Bajaj Steel Industries Q2 & H1FY26 Investor Presentation
BAJAJ STEEL INDUSTRIES LIMITED A Multi-Product Engineering Company Q2 & H1FY26 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 Q2 & H1FY26 Annual Highlights Financials www.bajajngp.com 3
Slide 4: Q2 & H1FY26 Highlights
4 Q2 & H1FY26 Highlights www.bajajngp.com 4
Slide 5: 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 (%) 15% 17% 13% 18% 11% 7% 12% 62% 175 152 32 108 25 21 14 17 7 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 • The Company reported strong revenue grow
Slide 6: Healthy Growth in Other Business Segments, Led by Strategic Diversification
Healthy Growth in Other Business Segments, Led by Strategic Diversification Cotton Processing M/c Infrastructure (PEBs) Electric Panels Heavy Engineering Other Product Net Revenue (Rs Cr) 12% 22% 100% 40% 33% 121 28 18 108 23 10 9 6 3 2 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY
Slide 7: Profit & Loss Highlights
Profit & Loss Highlights Consolidated (Rs Cr) Q2FY26 Q2FY25 YoY (%) Q1FY26 QoQ (%) H1FY26 H1FY25 YoY (%) Revenue From Operations 174.6 152.2 14.7% 107.5 62.4% 282.2 293.2 -3.8% Cost of Goods Sold 82.9 74.4 50.9 133.8 146.7 Employee Benefits Expense 22.5 19.5 20.4 42.9 39.1 Other Expenses 37.4 33.1 2
Slide 8: Healthy Balance Sheet and Strong Cash Flow
Healthy Balance Sheet and Strong Cash Flow.. Net Worth (Rs Cr) & TOL/TNW* (x) Net Debt to Equity (x) 1.64 1.15 0.91 0.3 0.63 0.70 0.56 0.52 -0.1 -0.1 -0.1 -0.2 414 -0.3 332 387 -0.4 274 171 207 102 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 Net Worth TOL/TNW Cash Flow
Slide 9: Fueling Future Growth: Planned Capex of Rs 300–350 Cr
..Fueling Future Growth: Planned Capex of Rs 300–350 Cr (Over 2–3 Years) Revenue Share – H1FY26 (%) Planned Capex* Utilization of Capex Leadership position, stable business; Cotton Processing Rs 10 Cr Developing high-speed, high-capacity ginning machines to Machinery 63% (only maintenance capex) enh
Slide 10: Company Overview
10 Company Overview www.bajajngp.com 10
Slide 11: 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 12: 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 13: 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 14: 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 15: Global Presence Across 60+ Countries enabling Wide Reach
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 16: Long Standing Relationships with Marquee Clients Across the Globe
Long Standing Relationships with Marquee Clients Across the Globe www.bajajngp.com 16
Slide 17: 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 Manipal Qualification: PhD from Nagpur University (2014) on I
Slide 18: Guided by a Strong Board of Directors
…Guided by a Strong Board of Directors Shri Deepak Batra Dr. Pankaj Agrawal Mayank Bhandari Non - Executive Director Independent Director Independent Director Qualification: Chartered Accountant with extensive Qualification: Chartered Accountant with decades of Qualification: M.Sc. in Engineering Bu
Slide 19: 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 20: Business Divisions
20 Business Divisions www.bajajngp.com 20
Slide 21: 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 22: 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 Solar Mounting Structures. 86 82 10 82 82 EPC Projects: 76 Executing turnkey projects for major clients like Indian Oil
Slide 23: 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 24: 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 19 New Segment
Slide 25: 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 16 15 13 Fire Alarm and Fire Fire Hydrant Single Leaf Two Leaf Fire Door Detection Systems Extinguishers Pumps Door Models Door Models Model
Slide 26: Annual Financials
26 Annual Financials www.bajajngp.com 26
Slide 27: Profit & Loss Highlights
Profit & Loss Highlights Consolidated (Rs Cr) FY22 FY23 FY24 FY25 H1FY26 Revenue From Operations 439 533 551 585 282 Cost of Goods Sold 235 259 282 283 134 Employee Benefits Expense 51 63 72 80 43 Other Expenses 99 120 117 129 60 EBITDA 54 91 79 92 45 EBITDA Margin 12.3% 17.1% 14.4% 15.8% 16.1% Depr
Slide 28: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Cr) Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Assets (Rs Cr) Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Share Capital 2.6 2.6 2.6 10.4 10.4 PPE & Intangible Assets 76.4 93.8 148.0 175.2 167.8 Reserves & Surplus 204.2 271.0 329.5 377.0 403.6 Capital WIP 13.8 23.9 9.8 19.2 41
Slide 29: Cashflow Highlights
Cashflow Highlights Particulars (Rs Cr) FY22 FY23 FY24 FY25 H1FY26 (A) Net Cash Flow from Operating Activities 55.1 26.5 55.3 52.4 51.9 (B) Net Cash Flow from Investing Activities -20.2 -52.1 -66.4 -38.1 -19.6 (C) Net Cash Flow from Financing Activities 4.1 -21.9 19.0 -26.2 -16.5 Net (Decrease)/ Inc
Slide 30: Annexure
30 Annexure www.bajajngp.com 30
Slide 31: 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 32: Executed Projects (Cotton Processing Machinery Division)
Executed Projects (Cotton Processing Machinery Division) Domestic Ginning Plants Exported Ginning Plants www.bajajngp.com 32
Slide 33: 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 34: 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 34
Slide 35: 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 35
Slide 36: Executed Projects (Heavy Engineering Division 2)
Executed Projects (Heavy Engineering Division 2) Passenger Boarding Bridge 6-Meter Stacker Wheel for Limestone Mines www.bajajngp.com 36
Slide 37: Executed Projects (Others)
Executed Projects (Others) Telescopic Conveyor for Godrej Consumer Metro Station, Nagpur – Fire Fighting System Products Limited, Sikkim www.bajajngp.com 37
Slide 38: Stock Information
Stock Information Shareholding Pattern (as on Sep-25) Script Related Information (as on 7th-Nov-2025) BSE/NSE Code 507944 | BAJAJST Promoters 48.27% CMP (Rs) 535.50 Public Market Cap (Rs Cr) 1,114 51.73% Shares O/s (Cr) 2.08 Face Value (Rs) 5 Promoters Public Average Trading Volume (‘000) 24.1 www.b
Slide 39: Contact Us
CONTACT US Bajaj Steel Industries Limited Manish Sharma | [email protected] Rachit Jain| [email protected] Phone: 07104238101 Stellar IR Advisors Pvt. Ltd. Akhilesh Gandhi, CFA | [email protected] Regd. Office: Plot No. C-108, MIDC Industrial Area, Hingna Nagpur - 440016 Omkar
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