Suraj Limited vs Scan Steels vs Bajaj Steel: Which Stock Should You Track
- October 13, 2026
- Posted by: Harsh Piplani
- Category: Market
Suraj Limited PE 40.40, mkt cap Rs 336 crore. Scan Steels PE 12.60, mkt cap Rs 312 crore. Bajaj Steel Industries PE 23.23, mkt cap Rs 679 crore.
Quick Answer
Suraj Limited vs Scan Steels vs Bajaj Steel Industries is a side-by-side comparison of three companies from the steel and metal products space. On this comparison, Suraj Limited carries a market capitalisation of about Rs 336 crore, against Rs 312 crore for Scan Steels and Rs 679 crore for Bajaj Steel Industries, with return on equity of 5.42%, 4.91% and 8.70% respectively. Each company’s numbers are presented here without a declared preference, since the right stock depends on an investor’s own criteria.
Suraj Limited vs Scan Steels vs Bajaj Steel Industries starts with the core numbers most investors compare within the steel and metal products segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.
All three names sit in the steel and metal products bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.
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Suraj Limited, Scan Steels and Bajaj Steel Industries: Company Overview
Suraj Limited is a listed Indian company in the steel and metal products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 336 crore, a return on equity of 5.42% and a book value of Rs 75.01 per share. Its quarterly revenue moved from Rs 51.71 crore in June 2025 to Rs 39.92 crore in June 2026, a change of -22.8%.
Scan Steels is a listed Indian company in the steel and metal products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 312 crore, a return on equity of 4.91% and a book value of Rs 73.89 per share. Its quarterly revenue moved from Rs 232.05 crore in June 2025 to Rs 258.05 crore in June 2026, a change of +11.2%.
Bajaj Steel Industries is a listed Indian company in the steel and metal products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 679 crore, a return on equity of 8.70% and a book value of Rs 203.83 per share. Its quarterly revenue moved from Rs 108.93 crore in June 2025 to Rs 121.80 crore in June 2026, a change of +11.8%.
Suraj Limited vs Scan Steels vs Bajaj Steel Industries: Valuation and Profitability Snapshot
| Metric | Suraj Limited | Scan Steels | Bajaj Steel Industries |
|---|---|---|---|
| Market Cap (approx.) | Rs 336 crore | Rs 312 crore | Rs 679 crore |
| PE Ratio (TTM) | 40.40 | 12.60 | 23.23 |
| PB Ratio | 2.44 | 0.70 | 1.60 |
| Return on Equity (ROE) | 5.42% | 4.91% | 8.70% |
| EPS (TTM, Rs) | 4.53 | 4.08 | 14.06 |
| Dividend Yield | 0.82% | 0.00% | 0.31% |
| Debt to Equity | 0.44 | 0.16 | 0.15 |
| Book Value per Share (Rs) | 75.01 | 73.89 | 203.83 |
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On valuation, Suraj Limited trades at a PE of 40.40 and a PB of 2.44, Scan Steels at a PE of 12.60 and a PB of 0.70, while Bajaj Steel Industries trades at a PE of 23.23 and a PB of 1.60. On return on equity, the three post 5.42%, 4.91% and 8.70% respectively, and on dividend yield they stand at 0.82%, 0.00% and 0.31%. Bajaj Steel Industries has the highest market capitalisation of the three at Rs 679 crore, while Scan Steels has the lowest at Rs 312 crore. Suraj Limited has the highest PE ratio of the three at 40.40, while Scan Steels has the lowest at 12.60. Bajaj Steel Industries has the highest return on equity of the three at 8.70%, while Scan Steels has the lowest at 4.91%. Suraj Limited has the highest debt to equity ratio of the three at 0.44, while Bajaj Steel Industries has the lowest at 0.15. Debt to equity is 0.44, 0.16 and 0.15 for the three respectively.
Suraj Limited vs Scan Steels vs Bajaj Steel Industries: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) | YoY Change (Net Profit) |
|---|---|---|---|---|---|
| Suraj Limited | Rs 39.92 crore | Rs 3.59 crore | -22.8% | -13.7% | +31.0% |
| Scan Steels | Rs 258.05 crore | Rs 12.96 crore | +11.2% | -8.9% | +23.4% |
| Bajaj Steel Industries | Rs 121.80 crore | -Rs 0.27 crore | +11.8% | -0.4% | -103.6% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.
Suraj Limited vs Scan Steels vs Bajaj Steel Industries: Five-Quarter Revenue and Net Profit Trend
The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Suraj Limited vs Scan Steels vs Bajaj Steel Industries, which helps separate a one-quarter move from a steadier pattern.
Quarterly revenue (Rs crore)
| Quarter | Suraj Limited | Scan Steels | Bajaj Steel Industries |
|---|---|---|---|
| June 2025 | Rs 51.71 crore | Rs 232.05 crore | Rs 108.93 crore |
| September 2025 | Rs 51.42 crore | Rs 133.02 crore | Rs 176.17 crore |
| December 2025 | Rs 62.52 crore | Rs 191.63 crore | Rs 129.09 crore |
| March 2026 | Rs 46.26 crore | Rs 283.18 crore | Rs 122.35 crore |
| June 2026 | Rs 39.92 crore | Rs 258.05 crore | Rs 121.80 crore |
Quarterly net profit (Rs crore)
| Quarter | Suraj Limited | Scan Steels | Bajaj Steel Industries |
|---|---|---|---|
| June 2025 | Rs 2.74 crore | Rs 10.50 crore | Rs 7.40 crore |
| September 2025 | Rs 0.83 crore | -Rs 0.25 crore | Rs 21.28 crore |
| December 2025 | Rs 1.38 crore | Rs 3.10 crore | Rs 5.91 crore |
| March 2026 | Rs 2.52 crore | Rs 6.91 crore | Rs 2.32 crore |
| June 2026 | Rs 3.59 crore | Rs 12.96 crore | -Rs 0.27 crore |
Suraj Limited reported revenue of Rs 51.71 crore in June 2025 and Rs 39.92 crore in June 2026, a change of -22.8% across the period. Its highest quarterly revenue in this window was Rs 62.52 crore in December 2025. Net profit stood at Rs 3.59 crore in June 2026, which is a net profit margin of 8.99%.
Scan Steels reported revenue of Rs 232.05 crore in June 2025 and Rs 258.05 crore in June 2026, a change of +11.2% across the period. Its highest quarterly revenue in this window was Rs 283.18 crore in March 2026. Net profit stood at Rs 12.96 crore in June 2026, which is a net profit margin of 5.02%. Scan Steels reported a net loss in September 2025.
Bajaj Steel Industries reported revenue of Rs 108.93 crore in June 2025 and Rs 121.80 crore in June 2026, a change of +11.8% across the period. Its highest quarterly revenue in this window was Rs 176.17 crore in September 2025. Net profit stood at -Rs 0.27 crore in June 2026, which is a net profit margin of -0.22% (a net loss for the quarter). Bajaj Steel Industries reported a net loss in June 2026.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three steel and metal products names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as steel and raw material prices, order books, capacity utilisation and demand from customer industries. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.
It also helps to read the latest quarterly filings and investor presentations of Suraj Limited, Scan Steels and Bajaj Steel Industries directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.
Conclusion
Suraj Limited vs Scan Steels vs Bajaj Steel Industries highlights how differently three companies in the same steel and metal products segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Suraj Limited vs Scan Steels vs Bajaj Steel Industries
What is the market cap difference between Suraj Limited, Scan Steels and Bajaj Steel Industries?
Ans. As of October 2026, Suraj Limited has a market cap of approximately Rs 336 crore, Scan Steels is at approximately Rs 312 crore, and Bajaj Steel Industries is at approximately Rs 679 crore.
What are the PE and PB ratios of Suraj Limited, Scan Steels and Bajaj Steel Industries?
Ans. As of October 2026, the PE ratios stand at 40.40, 12.60 and 23.23 respectively, and the price to book ratios stand at 2.44, 0.70 and 1.60 respectively.
Which of the three has the highest ROE?
Ans. Suraj Limited, Scan Steels and Bajaj Steel Industries post ROE of 5.42%, 4.91% and 8.70% respectively as of October 2026. Bajaj Steel Industries has the highest return on equity of the three at 8.70%, while Scan Steels has the lowest at 4.91%.
Which of these three stocks pays the highest dividend yield?
Ans. Suraj Limited, Scan Steels and Bajaj Steel Industries carry dividend yields of 0.82%, 0.00% and 0.31% respectively.
What is the debt to equity ratio for Suraj Limited, Scan Steels and Bajaj Steel Industries?
Ans. Suraj Limited carries a debt to equity of 0.44, Scan Steels of 0.16, and Bajaj Steel Industries of 0.15.
What were the latest quarterly revenue and net profit of Suraj Limited, Scan Steels and Bajaj Steel Industries?
Ans. For Q1 FY27 (quarter ended June 2026), Suraj Limited reported revenue of Rs 39.92 crore and net profit of Rs 3.59 crore, Scan Steels reported revenue of Rs 258.05 crore and net profit of Rs 12.96 crore, and Bajaj Steel Industries reported revenue of Rs 121.80 crore and net profit of -Rs 0.27 crore.
Does this comparison recommend one of Suraj Limited, Scan Steels and Bajaj Steel Industries?
Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
