539018
Beekay Steel Ind financials
- Market cap
- ₹812 Cr
- Sector
- Capital Goods
What Beekay Steel Ind does
Beekay Steel Industries manufactures and markets long steel products — bright bars, structural steel, sections and TMT bars (including the Beekay Turbo brand) — supplying industrial customers such as Tata Steel, Tata International, L&T, Hindalco, Amtek Group, Vedanta and BHEL. Production runs across multiple units combining owned manufacturing with job-work arrangements for large steel players, spanning Jamshedpur, Visakhapatnam/Parawada, Chengalpattu (Tamil Nadu) and Cuttack (Odisha). The company is building upstream integration — Direct Reduced Iron, a captive power plant, ferro alloys and a steel melting shop in Odisha — to feed its downstream rolling mills and TMT bar lines, alongside its existing bright-bar and structural-steel units in Visakhapatnam.
Segments
- Bright Bars
- Structural Steel & Sections
- TMT Bars
- Integrated primary steel (DRI/CPP/SMS)
- Manufacturing units
- 9
- Plant locations
- Jamshedpur, Visakhapatnam/Parawada, Chengalpattu (Tamil Nadu), Cuttack (Odisha)
- Direct Reduced Iron (DRI) capacity expansion
- 400 TPD scaling to 1,400 TPD under Phase 2
- Steel Melting Shop furnaces
- 6 furnaces of 20 tonnes each (phased commissioning)
- Workforce
- 850 full-time employees + approx. 1,650 contractual laborers (FY25)
- Product range
- Bright bars, structural steel, sections, TMT bars
Quarterly results
Q1 FY27: revenue up 32.5%, net profit up 22.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 229 | 271 | 330 | 283 | 266 +16% | 288 +6% | 339 +3% | 375 +33% |
| EBITDA | 27 | 34 | 30 | 18 | 21 −22% | 32 −6% | 24 −20% | 41 +128% |
| Net profit | 31 | 22 | 6 | 31 | 11 −65% | 13 −41% | -18 −400% | 38 +23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −13.1% 1Y
1Y: ₹491.5 on 10 Sept 2025 → ₹427. High ₹496.1 (12 Sept 2025), low ₹325.95 (30 Mar 2026).
Financials, as filed
Revenue grew 1.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.1k Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.2k Cr |
| Operating profit | ₹166 Cr | ₹138 Cr | ₹123 Cr | ₹95 Cr |
| Operating margin | 14.7% | 13.8% | 11.4% | 8.1% |
| Interest | ₹9 Cr | ₹12 Cr | ₹17 Cr | ₹24 Cr |
| Depreciation | ₹23 Cr | ₹24 Cr | ₹30 Cr | ₹40 Cr |
| Net profit | ₹109 Cr | ₹133 Cr | ₹90 Cr | ₹37 Cr |
| Net margin | 9.7% | 13.3% | 8.4% | 3.1% |
| Cash from operations | ₹404 Cr | ₹129 Cr | ₹147 Cr | ₹145 Cr |
| Free cash flow | ₹140 Cr | ₹-28 Cr | ₹38 Cr | ₹41 Cr |
| ROCE | 15.0% | 11.0% | 8.0% | 4.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr |
| Reserves | ₹529 Cr | ₹685 Cr | ₹792 Cr | ₹924 Cr | ₹1.0k Cr | ₹1.0k Cr |
| Borrowings | ₹155 Cr | ₹276 Cr | ₹224 Cr | ₹223 Cr | ₹298 Cr | ₹330 Cr |
| Other liabilities | ₹74 Cr | ₹71 Cr | ₹88 Cr | ₹95 Cr | ₹157 Cr | ₹168 Cr |
| Total liabilities | ₹778 Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.6k Cr |
| Fixed assets | ₹207 Cr | ₹197 Cr | ₹250 Cr | ₹322 Cr | ₹646 Cr | ₹666 Cr |
| Capital work in progress | ₹22 Cr | ₹23 Cr | ₹213 Cr | ₹273 Cr | ₹88 Cr | ₹68 Cr |
| Investments | ₹76 Cr | ₹105 Cr | ₹211 Cr | ₹186 Cr | ₹225 Cr | ₹211 Cr |
| Other assets | ₹473 Cr | ₹724 Cr | ₹448 Cr | ₹480 Cr | ₹549 Cr | ₹604 Cr |
| Total assets | ₹778 Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.17 pp while the public trimmed −0.15 pp. The shareholder count shrank 7% to 7,202.
- Promoters
- 71.9%
- Public
- 28.1%
Since Jun 2025
- Promoters +0.17 pp
- Public −0.15 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 71.5%, Public 28.5%.Dec '23: Promoters 71.5%, Public 28.5%.Mar '24: Promoters 71.5%, Public 28.5%.Jun '24: Promoters 71.5%, Public 28.5%.Sep '24: Promoters 71.5%, Public 28.5%.Dec '24: Promoters 71.5%, Public 28.5%.Mar '25: Promoters 71.5%, Public 28.5%.Jun '25: Promoters 71.8%, Public 28.2%.Sep '25: Promoters 71.8%, Public 28.2%.Dec '25: Promoters 71.8%, Public 28.3%.Mar '26: Promoters 71.8%, Public 28.3%.Jun '26: Promoters 71.9%, Public 28.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mukesh Chand Bansal newly disclosed 6.26% held
- Century Vision Private Limited +0.16 pp 19.37% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Beekay Steel Ind above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Century Vision Private Limited | 19.37% | +0.16 pp |
| Jyotirmay Trading Private Limited | 12.89% | unchanged |
| Suresh Chand Bansal | 10.81% | unchanged |
| Manav Bansal | 6.60% | unchanged |
| Mukesh Chand Bansal | 6.26% | newly disclosed |
| Vikas Bansal | 5.00% | unchanged |
| Gautam Bansal | 4.26% | unchanged |
| Manvik Estates Private Limited | 3.96% | unchanged |
| Tirumala Holdings Private Limited | 2.80% | unchanged |
| Indu Bansal | 2.41% | unchanged |
| Aruna Bansal | 2.34% | unchanged |
| Suresh Chand Bansal&Sons Huf | 2.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
Growth trapTo justify its price of ₹427, this stock must grow earnings at 14% every year for 7 years. Our analysis caps realistic growth at ~-48%. At that growth it is worth ₹18 — downside of 96%.
- Growth the price implies
- 14.0% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -48.4% a year
- net profit, FY23–FY26 · EPS -47.5%
- The gap
- 0.6 pp
- -96% downside if it only repeats history
Learn to analyse Beekay Steel Ind
Guides on how to read this kind of business and the numbers that matter.