Beekay Steel Industries Ltd

Beekay Steel Ind Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Beekay Steel Industries Ltd

₹ 618 -0.15%
22 Nov - close price
beekaysteel.com BSE: 539018
About

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]

Key Points

Business Segment FY24[1]
Proprietary business (77%): Includes retail sales of TMT bars and automotive/ engineering steel. The Company also manufactures special steel products for the automobile and structural steel segments in addition to TMT manufacture.The company’s revenue from structural steel segment was 23% in FY24 (25% in FY23).[2]
Non-proprietary business (23%): This segment comprises job work-related manufacture for institutional customers

Website BSE
  • Market Cap ₹ 1,178 Cr.
  • Current Price ₹ 618
  • High / Low ₹ 845 / 549
  • Stock P/E 9.26
  • Book Value ₹ 526
  • Dividend Yield 0.16 %
  • ROCE 10.7 %
  • ROE 11.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.17 times its book value

Cons

  • The company has delivered a poor sales growth of 0.73% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.55.2 Cr.
  • Dividend payout has been low at 1.47% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

Part of BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
292 343 383 335 258 249 286 269 248 230 253 246 229
244 282 338 263 231 223 245 228 221 195 220 214 202
Operating Profit 48 60 45 72 27 26 41 41 28 35 34 32 27
OPM % 16% 18% 12% 21% 11% 11% 14% 15% 11% 15% 13% 13% 12%
2 0 10 3 4 6 1 15 15 9 10 16 21
Interest 3 3 3 2 2 3 2 3 3 3 3 4 3
Depreciation 4 5 7 5 5 6 7 5 5 5 9 6 6
Profit before tax 42 53 44 68 24 23 32 48 35 36 31 39 38
Tax % 28% 26% 17% 25% 29% 26% 25% 18% 19% 23% -22% 20% 17%
30 39 37 51 17 17 24 40 29 27 37 31 31
EPS in Rs 15.97 20.63 19.21 26.65 9.01 8.93 12.67 20.76 15.02 14.31 19.62 16.26 16.47
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
571 549 519 519 721 978 965 812 874 1,296 1,128 1,000 958
518 490 459 454 637 845 785 688 739 1,073 961 863 831
Operating Profit 52 59 60 65 84 134 180 124 134 223 167 137 128
OPM % 9% 11% 12% 13% 12% 14% 19% 15% 15% 17% 15% 14% 13%
2 2 2 2 3 10 2 2 5 17 13 49 55
Interest 17 20 21 21 19 18 16 10 10 12 10 12 13
Depreciation 9 13 16 16 15 15 16 23 22 22 23 24 27
Profit before tax 28 29 24 30 53 110 150 93 107 207 147 150 143
Tax % 33% 37% 36% 35% 35% 36% 35% 16% 25% 24% 26% 11%
19 18 16 19 34 71 98 78 80 157 109 133 127
EPS in Rs 9.97 9.56 8.18 10.12 18.08 37.12 51.52 40.97 42.19 82.17 57.25 69.72 66.66
Dividend Payout % 0% 0% 12% 10% 6% 3% 4% 2% 2% 1% 2% 1%
Compounded Sales Growth
10 Years: 6%
5 Years: 1%
3 Years: 5%
TTM: -9%
Compounded Profit Growth
10 Years: 18%
5 Years: 0%
3 Years: 8%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 22%
1 Year: -8%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 15%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 19 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 130 148 161 178 213 281 377 451 529 685 792 924 984
141 168 174 164 186 182 121 89 155 276 224 223 239
154 131 174 148 104 112 95 82 74 71 88 95 102
Total Liabilities 444 467 528 510 521 595 612 640 778 1,050 1,123 1,262 1,343
127 190 198 192 189 187 208 213 207 197 250 322 403
CWIP 61 27 21 24 23 25 23 21 22 23 213 273 259
Investments 0 0 0 0 0 0 0 35 76 105 211 186 215
256 249 309 294 309 382 381 372 473 724 448 480 466
Total Assets 444 467 528 510 521 595 612 640 778 1,050 1,123 1,262 1,343

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
63 38 37 45 37 48 56 80 95 -106 404 129
-50 -42 -18 -12 -11 -15 -36 -60 -58 -30 -370 -90
-14 4 -17 -34 -21 -39 -19 -18 -13 110 -37 -38
Net Cash Flow -1 -1 2 -1 5 -6 1 2 24 -25 -3 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 48 44 45 56 43 49 45 43 66 45 57 56
Inventory Days 94 95 139 136 117 96 133 167 164 126 121 137
Days Payable 73 45 86 56 25 20 22 20 23 16 18 32
Cash Conversion Cycle 68 94 98 135 135 125 155 191 207 156 159 161
Working Capital Days 77 92 110 117 113 109 118 136 156 120 117 122
ROCE % 16% 16% 13% 14% 19% 29% 33% 19% 18% 24% 15% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.15% 69.15% 69.15% 69.15% 69.15% 69.15% 71.49% 71.49% 71.49% 71.49% 71.49% 71.49%
30.85% 30.85% 30.85% 30.84% 30.86% 30.84% 28.49% 28.50% 28.50% 28.50% 28.50% 28.50%
No. of Shareholders 2,5152,9543,4903,7914,0414,1644,2015,6295,9106,7956,9337,574

Documents

Announcements

Annual reports

Credit ratings