Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 539018 | NSE: BEEKAY

Beekay Steel Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 14, 2024, 3:28 pm

Market Cap 1,202 Cr.
Current Price 630
High / Low845/549
Stock P/E9.42
Book Value 526
Dividend Yield0.16 %
ROCE10.7 %
ROE11.2 %
Face Value 10.0
PEG Ratio1.04

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

View Share Price Target for Beekay Steel Industries Ltd

Competitors of Beekay Steel Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Eastcoast Steel Ltd 10.7 Cr. 19.835.1/17.721.0 35.90.00 %3.78 %4.64 % 10.0
Bonlon Industries Ltd 47.8 Cr. 33.756.0/29.516.9 56.60.00 %4.56 %2.99 % 10.0
Beekay Steel Industries Ltd 1,202 Cr. 630845/5499.42 5260.16 %10.7 %11.2 % 10.0
Ecofinity Atomix Ltd 22.4 Cr. 58.369.7/32.130.7 9.840.00 %8.85 %8.56 % 10.0
Aerpace Industries Ltd 683 Cr. 45.760.0/3.54 2.340.00 %12.7 %15.8 % 1.00
Industry Average42,483.58 Cr336.0360.07151.520.37%8.72%9.46%7.35

All Competitor Stocks of Beekay Steel Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales281292343383335258249286269248230253246
Expenses209244282338263231223245228221195220214
Operating Profit72486045722726414128353432
OPM %26%16%18%12%21%11%11%14%15%11%15%13%13%
Other Income320103461151591016
Interest3333223233334
Depreciation5457556755596
Profit before tax67425344682423324835363139
Tax %25%28%26%17%25%29%26%25%18%19%23%-22%20%
Net Profit50303937511717244029273731
EPS in Rs26.3715.9720.6319.2126.659.018.9312.6720.7615.0214.3119.6216.26

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

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales5715495195197219789658128741,2961,1281,000978
Expenses5184904594546378457856887391,073961863849
Operating Profit5259606584134180124134223167137128
OPM %9%11%12%13%12%14%19%15%15%17%15%14%13%
Other Income222231022517134950
Interest17202121191816101012101212
Depreciation9131616151516232222232425
Profit before tax282924305311015093107207147150141
Tax %33%37%36%35%35%36%35%16%25%24%26%11%
Net Profit191816193471987880157109133124
EPS in Rs9.979.568.1810.1218.0837.1251.5240.9742.1982.1757.2569.7265.21
Dividend Payout %0%0%12%10%6%3%4%2%2%1%2%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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%

Beekay Steel Industries Ltd 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:20%
3 Years:19%
1 Year:-7%
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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital19191919191919191919191919
Reserves130148161178213281377451529685792924984
Borrowings14116817416418618212189155276224223239
Other Liabilities154131174148104112958274718895102
Total Liabilities4444675285105215956126407781,0501,1231,2621,343
Fixed Assets127190198192189187208213207197250322403
CWIP61272124232523212223213273259
Investments00000003576105211186215
Other Assets256249309294309382381372473724448480466
Total Assets4444675285105215956126407781,0501,1231,2621,343

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +633837453748568095-106404129
Cash from Investing Activity +-50-42-18-12-11-15-36-60-58-30-370-90
Cash from Financing Activity +-144-17-34-21-39-19-18-13110-37-38
Net Cash Flow-1-12-15-61224-25-31

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-89.00-109.00-114.00-99.00-102.00-48.0059.0035.00-21.00-53.00-57.00-86.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days484445564349454366455756
Inventory Days949513913611796133167164126121137
Days Payable734586562520222023161832
Cash Conversion Cycle689498135135125155191207156159161
Working Capital Days7792110117113109118136156120117122
ROCE %16%16%13%14%19%29%33%19%18%24%15%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters69.15%69.15%69.15%69.15%69.15%69.15%69.15%71.49%71.49%71.49%71.49%71.49%
Public30.85%30.85%30.85%30.85%30.84%30.86%30.84%28.49%28.50%28.50%28.50%28.50%
No. of Shareholders2,5292,5152,9543,4903,7914,0414,1644,2015,6295,9106,7956,933

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)68.3655.0182.8842.7741.17
Diluted EPS (Rs.)68.3655.0182.8842.7741.17
Cash EPS (Rs.)81.8869.0093.3953.8753.01
Book Value[Excl.RevalReserv]/Share (Rs.)501.28424.37370.41288.62246.89
Book Value[Incl.RevalReserv]/Share (Rs.)501.28424.37370.41288.62246.89
Revenue From Operations / Share (Rs.)524.07591.08679.08457.97425.32
PBDIT / Share (Rs.)97.0094.30125.8873.1065.97
PBIT / Share (Rs.)82.9379.96114.5761.3853.89
PBT / Share (Rs.)76.7774.70108.2056.1148.53
Net Profit / Share (Rs.)67.8154.6682.0842.1540.93
NP After MI And SOA / Share (Rs.)68.2954.9982.6142.6041.13
PBDIT Margin (%)18.5015.9518.5315.9615.51
PBIT Margin (%)15.8213.5216.8713.4012.67
PBT Margin (%)14.6412.6315.9312.2511.41
Net Profit Margin (%)12.939.2412.089.209.62
NP After MI And SOA Margin (%)13.039.3012.169.309.67
Return on Networth / Equity (%)13.6212.9522.3014.7516.65
Return on Capital Employeed (%)14.7815.8924.8519.5219.23
Return On Assets (%)10.199.3214.9710.4212.22
Long Term Debt / Equity (X)0.100.150.210.040.05
Total Debt / Equity (X)0.230.270.380.280.18
Asset Turnover Ratio (%)0.831.041.421.231.29
Current Ratio (X)2.613.453.282.953.63
Quick Ratio (X)1.562.071.671.571.58
Inventory Turnover Ratio (X)2.632.572.822.232.23
Dividend Payout Ratio (NP) (%)0.001.811.202.344.85
Dividend Payout Ratio (CP) (%)0.001.441.061.833.75
Earning Retention Ratio (%)0.0098.1998.8097.6695.15
Cash Earning Retention Ratio (%)0.0098.5698.9498.1796.25
Interest Coverage Ratio (X)15.7317.9319.7613.8712.32
Interest Coverage Ratio (Post Tax) (X)12.0011.3913.898.878.64
Enterprise Value (Cr.)1294.03993.981058.30666.58396.06
EV / Net Operating Revenue (X)1.290.880.810.760.48
EV / EBITDA (X)6.995.524.404.783.14
MarketCap / Net Operating Revenue (X)1.070.680.600.620.38
Retention Ratios (%)0.0098.1898.7997.6595.14
Price / BV (X)1.120.951.120.980.66
Price / Net Operating Revenue (X)1.070.680.600.620.38
EarningsYield0.120.130.190.140.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Beekay Steel Industries Ltd as of November 14, 2024 is: 555.84

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 November 14, 2024, Beekay Steel Industries Ltd is Overvalued by 11.77% compared to the current share price 630.00

Intrinsic Value of Beekay Steel Industries Ltd as of November 14, 2024 is: 606.42

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 November 14, 2024, Beekay Steel Industries Ltd is Overvalued by 3.74% compared to the current share price 630.00

Last 5 Year EPS CAGR: 9.10%

*Investments are subject to market risks

Strength and Weakness

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

Stock Analysis

  • 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 Beekay Steel Industries Ltd:
    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: 14.78% (Industry Average ROCE: 8.72%)
      • 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%: 13.62% (Industry Average ROE: 8.9%)
      • 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: 9.42 (Industry average Stock P/E: 45.94)
      • 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.
INDUSTRYADDRESSCONTACT
SteelLansdowne Towers, 4th Floor, Kolkata West Bengal 700020secretarial@beekaysteel.com
http://www.beekaysteel.com
Management
NamePosition Held
Mr. Suresh Chand BansalExecutive Chairman
Mr. Mukesh Chand BansalExecutive Director
Mr. Vikas BansalExecutive Director
Mr. Manav BansalWholeTime Director & CFO
Mr. Gautam BansalWhole Time Director
Mr. Vijay Kumar BansalNon Executive Director
Mr. Bhal Chandra KhaitanIndependent Director
Mr. Ravishankar SridharanIndependent Director
Mr. Srikumar BanerjeeIndependent Director
Mrs. Shyanthi DasguptaIndependent Director
Mr. Bharat Kumar NadhaniIndependent Director
Mr. Pranab Kumar ChakrabartyIndependent Director

FAQ

What is the latest intrinsic value of Beekay Steel Industries Ltd?

The latest intrinsic value of Beekay Steel Industries Ltd as on 14 November 2024 is ₹555.84, which is 11.77% lower than the current market price of ₹630.00.

What is the Market Cap of Beekay Steel Industries Ltd?

The Market Cap of Beekay Steel Industries Ltd is 1,202 Cr..

What is the current Stock Price of Beekay Steel Industries Ltd as on 14 November 2024?

The current stock price of Beekay Steel Industries Ltd as on 14 November 2024 is ₹630.

What is the High / Low of Beekay Steel Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Beekay Steel Industries Ltd stocks is 845/549.

What is the Stock P/E of Beekay Steel Industries Ltd?

The Stock P/E of Beekay Steel Industries Ltd is 9.42.

What is the Book Value of Beekay Steel Industries Ltd?

The Book Value of Beekay Steel Industries Ltd is 526.

What is the Dividend Yield of Beekay Steel Industries Ltd?

The Dividend Yield of Beekay Steel Industries Ltd is 0.16 %.

What is the ROCE of Beekay Steel Industries Ltd?

The ROCE of Beekay Steel Industries Ltd is 10.7 %.

What is the ROE of Beekay Steel Industries Ltd?

The ROE of Beekay Steel Industries Ltd is 11.2 %.

What is the Face Value of Beekay Steel Industries Ltd?

The Face Value of Beekay Steel Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Beekay Steel Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE