Recent Price Movement and Market Context
On 1 Feb 2026, Bajaj Steel Industries Ltd’s share price touched an intraday low of Rs.422, representing a 3.1% drop during the trading session. This decline contributed to a day change of -2.81%, underperforming the Industrial Manufacturing sector by 1.42%. The stock has now recorded losses for three consecutive sessions, accumulating a 3.99% negative return over this period.
The stock’s current price is substantially below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. In contrast, the Sensex opened 119.19 points higher and is trading at 82,476.22, up 0.25%, and remains within 4.47% of its 52-week high of 86,159.02. Mega-cap stocks are leading the market gains, while Bajaj Steel Industries Ltd continues to lag.
Long-Term Performance and Valuation Metrics
Over the past year, Bajaj Steel Industries Ltd has delivered a total return of -47.03%, a stark contrast to the Sensex’s positive 7.47% return and the BSE500’s 8.06% gain. The stock’s 52-week high was Rs.870, indicating a significant depreciation of over 50% from that peak.
Financially, the company has exhibited modest growth with net sales increasing at an annualised rate of 7.36% over the last five years, while operating profit has grown at 14.22% annually. Despite this, the return on capital employed (ROCE) for the half-year ended September 2025 was at a low 18.31%, reflecting limited efficiency in capital utilisation relative to peers.
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Financial Health and Shareholder Structure
Bajaj Steel Industries Ltd maintains a low average debt-to-equity ratio of zero, indicating a debt-free capital structure. The company’s return on equity (ROE) stands at 14.6%, which, combined with a price-to-book value of 2.2, suggests an attractive valuation relative to its own historical metrics. However, the stock currently trades at a premium compared to the average historical valuations of its peers.
Profitability has seen a decline over the past year, with net profits falling by 7.5%, further contributing to the stock’s subdued performance. Despite these challenges, promoter confidence appears robust, with promoters increasing their stake by 8.35% over the previous quarter to hold 56.62% of the company’s equity.
Sector and Market Comparison
Within the Industrial Manufacturing sector, Bajaj Steel Industries Ltd’s performance has been notably weaker than the broader market indices. While the BSE500 index has generated returns of 8.06% over the last year, Bajaj Steel’s negative returns of 47.07% highlight a significant divergence. The Sensex itself, despite trading below its 50-day moving average, benefits from mega-cap leadership and remains on an upward trajectory, contrasting with Bajaj Steel’s downward trend.
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Mojo Score and Analyst Ratings
Bajaj Steel Industries Ltd currently holds a Mojo Score of 37.0, categorised as a Sell grade. This represents an upgrade from its previous Strong Sell rating, which was revised on 17 Oct 2025. The company’s market capitalisation grade is rated at 3, reflecting its mid-tier market cap status within the Industrial Manufacturing sector.
The downgrade in rating earlier reflected concerns over the company’s growth trajectory and profitability metrics, which have shown limited improvement. The recent upgrade to Sell from Strong Sell indicates some stabilisation but continues to signal caution given the stock’s recent price action and financial performance.
Summary of Key Metrics
To summarise, Bajaj Steel Industries Ltd’s stock has declined to Rs.422, its lowest level in 52 weeks, after a sustained period of underperformance relative to the broader market and sector peers. The stock’s valuation metrics, profitability ratios, and recent price trends highlight a challenging environment for the company, despite a debt-free balance sheet and rising promoter stake.
While the Sensex and mega-cap stocks have shown resilience and gains, Bajaj Steel Industries Ltd remains under pressure, trading well below all major moving averages and reflecting a cautious market stance on its near-term prospects.
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