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Swing Capital

Beekay Steel Industries Ltd

NSE: BEEKAY BSE: 539018Metal

Beekay Steel was incorporated in India on 28th March 1981, is engaged in the manufacturing of thermomechanical treatment (TMT) bars, hot rolled sections, bright bars, structurals, and machined bars. It offers both standard and customized sections, such as including round bars, square bars, etc. [1]

₹389
52W: ₹320 — ₹573
PE 19.4 · Book ₹552 · -30% vs book
Market Cap₹742 Cr
Stock P/E19.4Price to Earnings
ROCE5.67%Return on Capital
ROE3.7%Return on Equity
Div. Yield0.27%Face Value ₹10

Strengths

  • +Stock is trading at 0.71 times its book value

Weaknesses

  • −The company has delivered a poor sales growth of 6.11% over past five years.
  • −Company has a low return on equity of 6.90% over last 3 years.
  • −Dividend payout has been low at 1.18% of profits over last 3 years

Shareholding Pattern

Promoters71.75%
FIIs0%
DIIs0%
Public28.26%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters71.49%71.49%71.49%71.49%71.75%▲0.371.75%71.75%71.75%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public28.5%28.5%28.51%▲0.028.5%▼0.028.24%▼0.328.24%28.25%▲0.028.26%▲0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales230253246229271330283266288339
Expenses195220214202237301265245256314
Operating Profit35343227343018213224
OPM %15%13%13%12%13%9%6%8%11%7%
Net Profit27373131226311113-18
EPS ₹14.3119.6216.2616.4711.792.8916.415.766.95-9.2

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,175Cr, up 9.2% YoY. OPM at 8%.

Debt Position

Borrowings at ₹330Cr. Debt-to-equity ratio: 0.32x. Healthy balance sheet.

Capex Cycle

CWIP at ₹68Cr (10% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 71.75%.

Margin & Efficiency

ROCE declining from 13% (Mar 2015) to 6% (Mar 2026). Working capital days: 79.

Valuation

PE 19.4x with 5.67% ROCE. Price is -30% above book value of ₹552. Dividend yield: 0.27%.

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