Beekay Steel Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:20 am

Market Cap	1,315 Cr.
Current Price	689
High / Low	845/549
Stock P/E	10.3
Book Value	526
Dividend Yield	0.15 %
ROCE	10.7 %
ROE	11.2 %
Face Value	10.0
PEG Ratio	1.13

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Incredible Industries Ltd	217 Cr.	46.3	63.6/31.0	28.0	29.1	0.00 %	9.09 %	4.61 %	10.0
Eastcoast Steel Ltd	13.0 Cr.	24.2	35.1/17.7		34.8	0.00 %	3.78 %	4.64 %	10.0
Bonlon Industries Ltd	49.3 Cr.	34.7	56.0/29.5	17.4	56.6	0.00 %	4.56 %	2.99 %	10.0
Beekay Steel Industries Ltd	1,315 Cr.	689	845/549	10.3	526	0.15 %	10.7 %	11.2 %	10.0
Ecofinity Atomix Ltd	21.4 Cr.	55.5	69.7/32.1	29.3	9.84	0.00 %	8.85 %	8.56 %	10.0
Industry Average	37,182.46 Cr	336.83		62.19	145.16	0.36%	8.73%	9.17%	7.50

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	281	292	343	383	335	258	249	286	269	248	230	253	246
Expenses	209	244	282	338	263	231	223	245	228	221	195	220	214
Operating Profit	72	48	60	45	72	27	26	41	41	28	35	34	32
OPM %	26%	16%	18%	12%	21%	11%	11%	14%	15%	11%	15%	13%	13%
Other Income	3	2	0	10	3	4	6	1	15	15	9	10	16
Interest	3	3	3	3	2	2	3	2	3	3	3	3	4
Depreciation	5	4	5	7	5	5	6	7	5	5	5	9	6
Profit before tax	67	42	53	44	68	24	23	32	48	35	36	31	39
Tax %	25%	28%	26%	17%	25%	29%	26%	25%	18%	19%	23%	-22%	20%
Net Profit	50	30	39	37	51	17	17	24	40	29	27	37	31
EPS in Rs	26.37	15.97	20.63	19.21	26.65	9.01	8.93	12.67	20.76	15.02	14.31	19.62	16.26

Last Updated: October 7, 2024, 8:31 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 3:00 pm

Month	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
Sales	571	549	519	519	721	978	965	812	874	1,296	1,128	1,000	978
Expenses	518	490	459	454	637	845	785	688	739	1,073	961	863	849
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%
Other Income	2	2	2	2	3	10	2	2	5	17	13	49	50
Interest	17	20	21	21	19	18	16	10	10	12	10	12	12
Depreciation	9	13	16	16	15	15	16	23	22	22	23	24	25
Profit before tax	28	29	24	30	53	110	150	93	107	207	147	150	141
Tax %	33%	37%	36%	35%	35%	36%	35%	16%	25%	24%	26%	11%
Net Profit	19	18	16	19	34	71	98	78	80	157	109	133	124
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	65.21
Dividend Payout %	0%	0%	12%	10%	6%	3%	4%	2%	2%	1%	2%	1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-5.26%	-11.11%	18.75%	78.95%	108.82%	38.03%	-20.41%	2.56%	96.25%	-30.57%	22.02%
Change in YoY Net Profit Growth (%)	0.00%	-5.85%	29.86%	60.20%	29.88%	-70.80%	-58.44%	22.97%	93.69%	-126.82%	52.59%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

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:	25%
3 Years:	23%
1 Year:	9%

Return on Equity
10 Years:	17%
5 Years:	16%
3 Years:	15%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:43 pm

Month	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
Borrowings	141	168	174	164	186	182	121	89	155	276	224	223	239
Other Liabilities	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
Fixed Assets	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
Other Assets	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

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	63	38	37	45	37	48	56	80	95	-106	404	129
Cash from Investing Activity +	-50	-42	-18	-12	-11	-15	-36	-60	-58	-30	-370	-90
Cash from Financing Activity +	-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

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-89.00	-109.00	-114.00	-99.00	-102.00	-48.00	59.00	35.00	-21.00	-53.00	-57.00	-86.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	69.15%	69.15%	69.15%	69.15%	69.15%	69.15%	69.15%	71.49%	71.49%	71.49%	71.49%	71.49%
Public	30.85%	30.85%	30.85%	30.85%	30.84%	30.86%	30.84%	28.49%	28.50%	28.50%	28.50%	28.50%
No. of Shareholders	2,529	2,515	2,954	3,490	3,791	4,041	4,164	4,201	5,629	5,910	6,795	6,933

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	68.36	55.01	82.88	42.77	41.17
Diluted EPS (Rs.)	68.36	55.01	82.88	42.77	41.17
Cash EPS (Rs.)	81.88	69.00	93.39	53.87	53.01
Book Value[Excl.RevalReserv]/Share (Rs.)	492.12	424.37	370.41	288.62	246.89
Book Value[Incl.RevalReserv]/Share (Rs.)	492.12	424.37	370.41	288.62	246.89
Revenue From Operations / Share (Rs.)	524.07	591.08	679.08	457.97	425.32
PBDIT / Share (Rs.)	97.00	94.30	125.88	73.10	65.97
PBIT / Share (Rs.)	82.93	79.96	114.57	61.38	53.89
PBT / Share (Rs.)	76.77	74.70	108.20	56.11	48.53
Net Profit / Share (Rs.)	67.81	54.66	82.08	42.15	40.93
NP After MI And SOA / Share (Rs.)	68.29	54.99	82.61	42.60	41.13
PBDIT Margin (%)	18.50	15.95	18.53	15.96	15.51
PBIT Margin (%)	15.82	13.52	16.87	13.40	12.67
PBT Margin (%)	14.64	12.63	15.93	12.25	11.41
Net Profit Margin (%)	12.93	9.24	12.08	9.20	9.62
NP After MI And SOA Margin (%)	13.03	9.30	12.16	9.30	9.67
Return on Networth / Equity (%)	13.87	12.95	22.30	14.75	16.65
Return on Capital Employeed (%)	15.03	15.89	24.85	19.52	19.23
Return On Assets (%)	10.33	9.32	14.97	10.42	12.22
Long Term Debt / Equity (X)	0.10	0.15	0.21	0.04	0.05
Total Debt / Equity (X)	0.23	0.27	0.38	0.28	0.18
Asset Turnover Ratio (%)	0.83	1.04	1.42	1.23	1.29
Current Ratio (X)	2.61	3.45	3.28	2.95	3.63
Quick Ratio (X)	1.56	2.07	1.67	1.57	1.58
Inventory Turnover Ratio (X)	2.63	2.57	2.82	2.23	2.23
Dividend Payout Ratio (NP) (%)	1.46	1.81	1.20	2.34	4.85
Dividend Payout Ratio (CP) (%)	1.21	1.44	1.06	1.83	3.75
Earning Retention Ratio (%)	98.54	98.19	98.80	97.66	95.15
Cash Earning Retention Ratio (%)	98.79	98.56	98.94	98.17	96.25
Interest Coverage Ratio (X)	15.73	17.93	19.76	13.87	12.32
Interest Coverage Ratio (Post Tax) (X)	12.00	11.39	13.89	8.87	8.64
Enterprise Value (Cr.)	1294.03	993.98	1058.30	666.58	396.06
EV / Net Operating Revenue (X)	1.29	0.88	0.81	0.76	0.48
EV / EBITDA (X)	6.99	5.52	4.40	4.78	3.14
MarketCap / Net Operating Revenue (X)	1.07	0.68	0.60	0.62	0.38
Retention Ratios (%)	98.53	98.18	98.79	97.65	95.14
Price / BV (X)	1.14	0.95	1.12	0.98	0.66
Price / Net Operating Revenue (X)	1.07	0.68	0.60	0.62	0.38
EarningsYield	0.12	0.13	0.19	0.14	0.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 607.70

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Overvalued by 11.80% compared to the current share price 689.00

Intrinsic Value of as of December 22, 2024 is: 662.99

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Overvalued by 3.78% compared to the current share price 689.00

Last 5 Year EPS CAGR: 9.10%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 18.92%, which is a positive sign. The company has higher reserves (450.23 cr) compared to borrowings (180.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (576.08 cr) and profit (97.62 cr) over the years.	The stock has a high average Working Capital Days of 115.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 140.33, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 12.93%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 15.03% (Industry Average ROCE: 8.73%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 13.87% (Industry Average ROE: 9.17%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 12
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.56
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 10.3 (Industry average Stock P/E: 62.19)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.23
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Beekay Steel Industries Ltd. is a Public Limited Listed company incorporated on 28/03/1981 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27106WB1981PLC033490 and registration number is 033490. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company’s Total Operating Revenue is Rs. 1296.43 Cr. and Equity Capital is Rs. 19.09 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Steel	Lansdowne Towers, Kolkata West Bengal 700020	secretarial@beekaysteel.com http://www.beekaysteel.com

Management
Name	Position Held
Mr. Suresh Chand Bansal	Executive Chairman
Mr. Mukesh Chand Bansal	Executive Director
Mr. Vikas Bansal	Executive Director
Mr. Manav Bansal	WholeTime Director & CFO
Mr. Gautam Bansal	Whole Time Director
Mrs. Shyanthi Dasgupta	Independent Director
Mr. Bharat Kumar Nadhani	Independent Director
Mr. Pranab Kumar Chakrabarty	Independent Director
Ms. Shalini Jain	Independent Director
Mr. Sandip Kumar Kejriwal	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹607.70, which is 11.80% lower than the current market price of ₹689.00. The stock has a market capitalization of 1,315 Cr. and recorded a high/low of 845/549 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹984 Cr and total liabilities of ₹1,343 Cr.

What is the Market Cap of ?

The Market Cap of is 1,315 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 689.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 845/549.

What is the Stock P/E of ?

The Stock P/E of is 10.3.

What is the Book Value of ?

The Book Value of is 526.

What is the Dividend Yield of ?

The Dividend Yield of is 0.15 %.

What is the ROCE of ?

The ROCE of is 10.7 %.

What is the ROE of ?

The ROE of is 11.2 %.

What is the Face Value of ?

The Face Value of is 10.0.