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NSE:SHBAJRG

SHRI BAJRANG ALLIANCE L

Capital Goods › Industrial Products
₹157.05
at close · 28 Oct 2026
▼ 1.89 (-1.19%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Board to approve September quarter and half-year results on November 3 · Results
  2. Reg 74(5) Demat Confirmation Certificate for Q2 FY27 · Compliance
  3. Trading window closed from Oct 1 till 48 hours after Q2 results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures thermo-mechanically treated (TMT) steel bars and runs a food/agro products business. The Steel division operates a plant at Urla Industrial Complex, Raipur, Chhattisgarh, which was temporarily shut from 18 November 2025 to 6 February 2026 for scheduled maintenance and capacity expansion. The Agro division sells food products across more than 35 cities in seven countries, with a recent push into West African markets and automation-led cost optimisation. The company has wound down its partnership interest in associate Shri Bajrang Chemical Distillery LLP, redirecting capital into its core Steel Rolling and Food businesses. Materials are the largest cost at 76% of revenue, with employee costs at 4.9% and other operating expenses at 13.9% in FY26. The Steel plant shutdown pulled FY26 standalone revenue down to Rs 270.98 crore, a year-on-year fall of about 32%, while net profit for the year stood at Rs 44.27 crore.

Operating scale
Steel plant location
Urla Industrial Complex, Raipur, Chhattisgarh
Steel plant shutdown
18 November 2025 to 6 February 2026FY26
Agro division footprint
35+ cities across 7 countries
Agro market expansion
New entry into West African markets
Promoter holding
63.97%FY26
Materials share of revenue
76%FY26
Who pays it
Domestic and export customers across the construction/steel and food retail chains.
Biggest cost
Raw materials at 76% of revenue (FY26).
Kind of business
Asset-heavy steel roller with a smaller, geographically diversified agro/food business.
Where it sits
Small-cap steel and agro company listed on NSE (since April 2026) and BSE; based in Raipur, Chhattisgarh; FY26 revenue of Rs 270.98 crore.
Market Cap
₹141 Cr
P / E (TTM)
3.2×
EV / EBITDA
28.6×
Div Yield
—
Growth
4.9%▲
Revenue 5y CAGR
PAT +7.5% · EBITDA -1.7%
Quality
1.9%·
ROCE (5y median)
ROE 13.2% (5y median) · margin 3.2%
Leverage
0.27·
Debt / Equity · low
Net debt ₹104 Cr
Revenue FY21→FY26
1.3×▲
Margin +1.9 pts
₹214 Cr → ₹271 Cr
Cash conversion
-0.07×▼
Operating cash ÷ profit · 5 yrs
₹-16 Cr on ₹224 Cr
Moves on a normal day
1.85%·
Median daily move
Last 130 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#10/105
P/B#9/101
ROCE#96/115
ROE#34/103
Debt / Equity#62/101
EBITDA margin#53/100
Revenue growth#87/97
Profit growth#36/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Slow revenue growth — 5% a year over 5 years
Returns on capital 1.9% (5-year median)
#96 of 115 in Iron & Steel Products on the latest reported figures · down from 4.2% in FY21
Over 5 years it reported ₹224 Cr of profit and an operating cash outflow of ₹16 Cr — -0.07×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

SHBAJRG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SHRI BAJRANG ALLIANCE L's filed financials and exchange disclosures

What does SHRI BAJRANG ALLIANCE L do?

SHRI BAJRANG ALLIANCE L is a Industrial Products company listed on NSE and BSE, trading under the symbol SHBAJRG.

Is SHRI BAJRANG ALLIANCE L profitable?

Yes. Over the trailing twelve months SHRI BAJRANG ALLIANCE L reported a net profit of ₹44 Cr on revenue of ₹271 Cr.

Does SHRI BAJRANG ALLIANCE L pay a dividend?

Not in the latest reported year — SHRI BAJRANG ALLIANCE L's dividend payout for FY26 was nil.

Is SHRI BAJRANG ALLIANCE L debt-free?

No. It reported borrowings of ₹104 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹104 Cr after cash. Debt stands at 0.27× equity. That is higher than 61% of its 101 Iron & Steel Products peers.

Is SHRI BAJRANG ALLIANCE L expensive compared with its peers?

On trailing P/E, SHRI BAJRANG ALLIANCE L ranks 10 of 105 in Iron & Steel Products — cheaper than 91% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the SHRI BAJRANG ALLIANCE L share price move in a day?

On a typical session SHRI BAJRANG ALLIANCE L moves 1.85% — that is the median absolute close-to-close move across its last 130 trading days. MarketPing measures each filing's price reaction against it.

When are SHRI BAJRANG ALLIANCE L's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track SHRI BAJRANG ALLIANCE L's announcements?

Every NSE and BSE filing by SHRI BAJRANG ALLIANCE L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.