Beekay Steel Industries Ltd

₹ 424 3.93%
05 Dec 4:01 p.m.
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
Proprietary business (88%): Includes retail sales of TMT bars and automotive/ engineering steel
Non-proprietary business (12%): This segment comprises a conversion arrangement for a large steel sector principal. [1]

Website BSE
  • Market Cap ₹ 809 Cr.
  • Current Price ₹ 424
  • High / Low ₹ 545 / 301
  • Stock P/E 5.59
  • Book Value ₹ 404
  • Dividend Yield 0.23 %
  • ROCE 24.5 %
  • ROE 23.5 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.09 times its book value

Cons

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
184 223 206 112 189 259 314 281 292 343 383 335 258
155 202 181 103 159 213 265 209 244 282 338 263 231
Operating Profit 29 21 25 10 30 46 49 72 48 60 45 72 27
OPM % 16% 9% 12% 9% 16% 18% 16% 26% 16% 18% 12% 21% 11%
1 0 1 4 1 0 0 3 2 0 10 3 4
Interest 3 2 2 2 2 2 4 3 3 3 3 2 2
Depreciation 3 9 6 5 5 5 8 5 4 5 7 5 5
Profit before tax 24 9 18 7 24 39 38 67 42 53 44 68 24
Tax % 8% -46% 12% 37% 30% 29% 15% 25% 28% 26% 17% 25% 29%
Net Profit 22 13 15 4 17 27 32 50 30 39 37 51 17
EPS in Rs 11.58 7.03 8.08 2.34 8.73 14.37 16.76 26.37 15.97 20.63 19.21 26.65 9.01
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
435 557 571 549 519 519 721 978 965 812 874 1,296 1,319
387 504 518 490 459 454 637 845 785 688 739 1,073 1,115
Operating Profit 48 53 52 59 60 65 84 134 180 124 134 223 204
OPM % 11% 9% 9% 11% 12% 13% 12% 14% 19% 15% 15% 17% 15%
2 2 2 2 2 2 3 10 2 2 5 17 18
Interest 14 18 17 20 21 21 19 18 16 10 10 12 10
Depreciation 8 9 9 13 16 16 15 15 16 23 22 22 22
Profit before tax 28 27 28 29 24 30 53 110 150 93 107 207 189
Tax % 33% 32% 33% 37% 36% 35% 35% 36% 35% 16% 25% 24%
Net Profit 19 18 19 18 16 19 34 71 98 78 80 157 144
EPS in Rs 11.05 9.53 9.97 9.56 8.18 10.12 18.08 37.12 51.52 40.97 42.19 82.17 75.50
Dividend Payout % 5% 0% 0% 0% 12% 10% 6% 3% 4% 2% 2% 1%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 10%
TTM: 15%
Compounded Profit Growth
10 Years: 23%
5 Years: 34%
3 Years: 14%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 1%
3 Years: 19%
1 Year: 25%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 19%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
17 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 74 111 130 148 161 178 213 281 377 451 529 685 751
131 137 141 168 174 164 186 182 121 89 155 276 270
134 156 154 131 174 148 104 112 95 82 74 71 58
Total Liabilities 356 423 444 467 528 510 521 595 612 640 778 1,050 1,098
109 110 127 190 198 192 189 187 208 213 207 197 249
CWIP 8 38 61 27 21 24 23 25 23 21 22 23 205
Investments 1 0 0 0 0 0 0 0 0 35 76 105 160
239 275 256 249 309 294 309 382 381 372 473 724 483
Total Assets 356 423 444 467 528 510 521 595 612 640 778 1,050 1,098

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
31 32 63 38 37 45 37 48 56 80 95 -106
-27 -38 -50 -42 -18 -12 -11 -15 -36 -60 -58 -30
-2 6 -14 4 -17 -34 -21 -39 -19 -18 -13 110
Net Cash Flow 2 0 -1 -1 2 -1 5 -6 1 2 24 -25

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 72 49 48 44 45 56 43 49 45 43 66 45
Inventory Days 108 100 94 95 139 136 117 96 133 167 164 126
Days Payable 83 69 73 45 86 56 25 20 22 20 23 16
Cash Conversion Cycle 97 79 68 94 98 135 135 125 155 191 207 156
Working Capital Days 103 93 77 92 110 117 113 109 118 136 156 120
ROCE % 20% 18% 16% 16% 13% 14% 19% 29% 33% 19% 18% 24%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
69.20 69.20 69.15 69.15 69.15 69.15 69.15 69.15 69.15 69.15 69.15 69.15
30.80 30.80 30.85 30.85 30.85 30.85 30.85 30.85 30.85 30.85 30.85 30.84

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