1. Indonesia Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
PT Saranacentral Bajatama Tbk

PT Saranacentral Bajatama Tbk

IIDX:BAJA
212.00
IDR
+4.00
(+1.92%)
0.80EPS
194.26P/E
280.80BMarket Cap
PT Saranacentral Bajatama Tbk
IDX:BAJA
(Indonesia Stock Exchange)

Recent

price

212.00

P/E

ratio

194.26

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
1,820.03
1,160.73
1,380.53
584.52
683.25
695.11
543.8
676.84
711.01
595.9
669.42
763.6
589.89
528.03
437.92
457.9
620.63
Revenue per Share
13.25
21.42
24.34
-42.85
-0.91
-5.19
19.11
-12.77
-53.72
0.62
30.62
49.18
-57.41
-0.72
-31.49
-20.23
0.8
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
86.42
- -
- -
0.95
- -
- -
- -
2.21
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
69.69
130.57
142.8
96.8
94.98
89.79
109.17
95.56
42.51
41.22
71.98
120.25
61.22
61.67
31.76
11.82
23.71
Book Value per Share
69.69
130.57
142.8
96.8
94.98
89.79
109.17
95.56
42.51
41.22
71.98
120.25
61.22
61.67
31.76
11.82
23.71
Tangible Book Value per Share
388
776
776
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
Basic Weighted Avg Shares
706,828
900,355
1,070,846
1,052,131
1,229,845
1,251,194
978,841
1,218,318
1,279,810
1,072,626
1,204,955
1,374,487
1,061,799
950,454
788,262
824,217
1,117,134
Sales/Revenue/Turnover
-0.93
4.12
6.3
2.06
2.7
4.92
6.69
-0.04
-1.73
0.49
7.09
12.56
-6.85
0.68
-1.28
1.05
4.89
Operating Margin (%)
- -
- -
- -
- -
- -
740
917
1,007
1,216
960
913
900
894
804
623
856
1,181
Depreciation Expense
5,145
16,619
18,880
-77,123
-1,641
-9,350
34,393
-22,985
-96,696
1,113
55,119
88,524
-103,341
-1,297
-56,678
-36,417
1,446
Net Income, GAAP
25.86
24.51
20.9
- -
- -
- -
35.82
- -
- -
77.86
- -
32.22
- -
- -
- -
- -
57.94
Effective Tax Rate (%)
0.73
1.85
1.76
-7.33
-0.13
-0.75
3.51
-1.89
-7.56
0.1
4.57
6.44
-9.73
-0.14
-7.19
-4.42
0.13
Profit Margin (%)
-75,060
47,627
28,289
-118,494
-127,691
-110,726
-25,985
-32,917
-119,196
-111,887
-57,129
331,783
247,542
230,416
226,589
-116,235
-98,225
Working Capital
16,228
8,862
5,404
- -
- -
- -
- -
- -
- -
- -
270
287,557
318,370
313,477
- -
620
172
LT Debt
125,450
235,033
257,039
174,246
170,966
161,628
196,503
172,016
76,521
74,187
129,555
216,447
110,189
111,011
57,164
21,278
42,680
Total Equity
- -
4.03
4.37
- -
- -
- -
8.25
- -
- -
0.14
- -
29.62
- -
- -
- -
- -
4.99
Return on Invested Capital (%)
- -
5.15
7.5
- -
- -
- -
11.3
- -
- -
1.83
- -
24.58
- -
- -
- -
- -
1.87
Return on Capital (%)
- -
9.22
7.67
-35.76
-0.95
-5.62
19.21
-12.47
-77.81
1.48
54.11
51.17
-63.28
-1.17
-67.4
-92.85
3.46
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
411,238
425,898
419,791
LT Borrowings
620
397
172
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,800
1,800
1,800
Market Capitalization
293,400
268,200
280,800

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
538,827
521,755
620,167
Cash, Cash Equivalents & STI
11,353
13,815
24,206
Accounts Receivable, Net
173,897
176,786
233,885
Inventories
338,039
320,816
351,312
Total Current Liabilities
655,062
651,346
718,391
Payables & Accruals
- -
- -
- -
ST Debt
411,238
425,898
419,791
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.74%
-18.51%
-62.78%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
841.72%
796.01%
-35.75%
Sales/Revenue/Turnover
-2.78%
-6.33%
4.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
192,881
156,747
206,911
231,724
788,262
2025
180,394
161,232
230,782
251,808
824,217
2026
250,114
384,429
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-11.44
-16.12
13.92
-17.86
-31.49
2025
-10.97
1.79
-5.19
-5.86
-20.23
2026
-5.85
17.7
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Saranacentral Bajatama Tbk engages in the manufacturing and trading of coated steel products in Indonesia as a member of the Sarana Steel Group. Founded in 1996 and headquartered in Gedung Baja Tower B, 6th Floor, Jl. Pangeran Jayakarta No. 55, Central Jakarta, with production facilities in Mekarjaya village, East Karawang, the company operates primarily in the domestic market serving industries including building and construction, automotive, electrical and machinery, roofing and cladding, and office equipment. It produces hot-dip galvanized steel sheets and coils under the SARANA brand; aluminum-zinc alloy coated steel (55% Al-45% Zn), branded SARANALUME or BjLAS in grades such as G300, G550, AS50, AS70, AS100, and AS150; and pre-painted or color-coated galvanized steel under the SARANACOLOR brand, utilizing advanced Non-Oxidation Furnace (NOF) technology for superior quality and foldability up to 180 degrees without peeling. The company markets these products through four segments: Galvanized, Saranalume, Colouring, and Non-Production, with ISO 9001:2015 certification for quality management and SNI marks for domestic content levels. In recent developments, PT Saranacentral Bajatama Tbk held its 2025 Annual General Meeting of Shareholders and appointed new Audit Committee members; strategically shifted production emphasis in 2023 toward higher-margin Saranalume products, which contributed 87.34% of sales or Rp832.98 billion before returns and discounts, achieving gross profit of Rp11.94 billion after a prior year's loss; implemented cost efficiencies including preventive maintenance, aggressive reductions in production and administrative expenses (down 93.7% to Rp2.32 billion), and workforce optimization; and maintained focus on corporate project sales amid import competition while postponing capacity conversions pending market stability into 2024.