Beekay Steel Industries Ltd

About [ edit ]

Beekay Steel Industries is principally engaged in the business of manufacturing of Hot Rolled Steel Sections, Bright Bars, Structural Items and TMT Bars.

  • Market Cap 699 Cr.
  • Current Price 367
  • High / Low 399 / 145
  • Stock P/E 10.8
  • Book Value 258
  • Dividend Yield 0.27 %
  • ROCE 19.1 %
  • ROE 18.1 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 38.08% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 9.37% over past five years.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
267 257 243 194 199 184 223 206 112 189 259
220 206 206 157 156 155 202 181 103 159 213
Operating Profit 48 51 37 37 43 29 21 25 10 30 46
OPM % 18% 20% 15% 19% 22% 16% 9% 12% 9% 16% 18%
Other Income 5 3 2 1 6 1 0 1 4 1 0
Interest 4 4 4 4 3 3 2 2 2 2 2
Depreciation 4 4 4 5 4 3 9 6 5 5 5
Profit before tax 45 46 30 28 42 24 9 18 7 24 39
Tax % 32% 34% 35% 39% 35% 8% -46% 12% 37% 30% 29%
Net Profit 31 31 20 17 27 22 13 15 5 17 28
EPS in Rs 16.18 16.12 10.40 9.15 14.40 11.62 7.04 8.11 2.39 8.90 14.49

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
519 519 721 978 965 812 766
459 454 637 845 785 688 656
Operating Profit 60 65 84 134 180 124 110
OPM % 12% 13% 12% 14% 19% 15% 14%
Other Income 2 2 3 10 2 2 6
Interest 21 21 19 18 16 10 9
Depreciation 16 16 15 15 16 23 20
Profit before tax 24 30 53 110 150 93 87
Tax % 36% 35% 35% 36% 35% 16%
Net Profit 16 19 34 71 99 79 65
EPS in Rs 8.18 10.11 18.03 37.03 51.96 41.17 33.89
Dividend Payout % 12% 10% 6% 3% 4% 2%
Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:4%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:38%
3 Years:32%
TTM:-20%
Stock Price CAGR
10 Years:%
5 Years:36%
3 Years:1%
1 Year:127%
Return on Equity
10 Years:%
5 Years:21%
3 Years:24%
Last Year:18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
19 19 19 19 19 19 19
Reserves 161 178 213 282 379 452 474
Borrowings 174 164 186 182 121 89 97
174 148 104 112 95 82 79
Total Liabilities 528 510 522 595 614 642 669
198 192 189 187 208 213 211
CWIP 21 24 23 25 23 21 21
Investments 0 0 1 1 2 37 76
309 294 309 382 381 372 360
Total Assets 528 510 522 595 614 642 669

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 45 37 48 56 81
0 -12 -10 -15 -36 -61
0 -34 -21 -39 -19 -18
Net Cash Flow 0 -1 5 -6 1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 19% 29% 33% 19%
Debtor Days 45 56 43 49 45 43
Inventory Turnover 3.04 4.05 4.50 3.45 2.53

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
68.84 69.20 69.20 69.20 69.20 69.20 69.20 69.20 69.15 69.15 69.15 69.15
31.16 30.80 30.80 30.80 30.80 30.80 30.80 30.80 30.85 30.85 30.85 30.85

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