Is Bajaj Steel Inds overvalued or undervalued?

Jun 09 2025 03:26 PM IST
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As of May 30, 2025, Bajaj Steel Industries is fairly valued with a PE ratio of 23.88 and a strong 1-year return of 97.12%, despite a recent stock price decline.
As of 30 May 2025, the valuation grade for Bajaj Steel Industries has moved from attractive to fair. The company is currently fairly valued. Key ratios include a PE ratio of 23.88, an EV to EBITDA of 16.46, and a ROCE of 21.22%. In comparison, peers such as Meera Industries, which is rated attractive, has a PE ratio of 18.26, while LMW, considered very expensive, has a PE ratio of 169.04.

Despite the recent decline in stock price, which fell by 2.65% over the past week while the Sensex rose by 1.40%, Bajaj Steel Industries has shown impressive long-term performance with a 1-year return of 97.12% compared to the Sensex's 7.58%. Overall, the company's valuation appears justified given its performance metrics and peer comparisons.
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