Beekay Steel Industries Ltd (539018)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Beekay Steel's revenue was ₹375 Cr (+32.4% year on year, +10.5% on the previous quarter), and net profit ₹37.8 Cr (+22.1% year on year); the operating margin was 10.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹375 | +32.4% | +10.5% |
| Operating profit | ₹40.6 | +125.5% | +69.2% |
| Net profit | ₹37.8 | +22.1% | from loss |
| EPS (₹) | 19.96 | +22.2% | from loss |
| Operating margin | 10.8% | — | — |
📢 Recent Corporate Announcements
Beekay Steel Industries has revised the cut-off date, record date, and book closure dates for its upcoming Annual General Meeting and FY26 dividend payout. The revised cut-off date and record date are now fixed as September 22, 2026. The register of members and share transfer books will remain closed from September 23, 2026 to September 29, 2026. This administrative update establishes eligibility for dividend distribution and AGM participation.
- Revised Cut-off Date set to 22/09/2026
- Revised Record Date set to 22/09/2026 for FY 2025-26 dividend
- Book Closure period rescheduled to 23/09/2026 to 29/09/2026
- Applicable for member eligibility for AGM and FY26 dividend
Beekay Steel Industries Ltd has announced the closure of its Register of Members and Share Transfer Books from September 19, 2026, to September 29, 2026 (both days inclusive). The record date (cut-off) has been fixed for September 18, 2026. This corporate action is scheduled for the purpose of the Annual General Meeting (AGM) on September 29, 2026, and determining eligibility for dividend payment.
- Record date (cut-off) set for September 18, 2026
- Share transfer books closed from September 19, 2026 to September 29, 2026 (both days inclusive)
- Annual General Meeting scheduled for Tuesday, September 29, 2026 at 12:00 Noon
- Closure purpose: Annual General Meeting and payment of dividend
Beekay Steel Industries reported a strong Q1 FY27 performance with revenue from operations growing 32.5% YoY to ₹374.71 Cr. Net profit for the quarter increased 22.4% YoY to ₹38.30 Cr, resulting in a quarterly EPS of ₹20.06, which notably exceeds the TTM EPS of ₹19.16. The board also approved the re-appointment of Mr. Mukesh Chand Bansal as Executive Director for a five-year term starting January 2027, ensuring management continuity. A record date of September 18, 2026, has been fixed for dividend payments and AGM e-voting.
- Revenue from operations increased to ₹374.71 Cr in Q1 FY27 from ₹282.84 Cr in Q1 FY26.
- Net profit grew to ₹38.30 Cr for the quarter, a 22.4% increase over the previous year's ₹31.29 Cr.
- Quarterly EPS stood at ₹20.06, compared to ₹16.41 in the corresponding quarter of the previous year.
- Record date for dividend payment and AGM e-voting set for September 18, 2026.
- Re-appointment of Mukesh Chand Bansal as Executive Director for 5 years effective January 1, 2027.
Beekay Steel Industries reported a strong performance for Q1 FY27, with revenue from operations growing 32.5% YoY to Rs 374.71 Cr. Net profit increased 22.4% YoY to Rs 38.30 Cr, marking a significant recovery from the Rs 17.54 Cr loss recorded in the preceding March 2026 quarter. The company's EPS for the quarter stood at Rs 19.56, compared to Rs 16.34 in the year-ago period. Additionally, the board approved the re-appointment of Executive Director Mukesh Chand Bansal for a five-year term starting January 2027.
- Revenue from operations increased 32.5% YoY to Rs 374.71 Cr from Rs 282.84 Cr.
- Net profit for the quarter reached Rs 38.30 Cr, a sharp recovery from a loss of Rs 17.54 Cr in Q4 FY26.
- Total expenses rose to Rs 350.05 Cr, with cost of materials consumed accounting for Rs 232.31 Cr.
- The company set September 18, 2026, as the record date for dividend payments for FY 2025-26.
- Auditors noted that financial results include unreviewed branch revenue of Rs 41.04 Cr, approximately 11% of total revenue.
Beekay Steel Industries reported a strong performance for Q1 FY27, with revenue from operations growing 32.5% YoY to ₹374.71 Cr. Net profit increased 22.4% YoY to ₹38.30 Cr, marking a significant turnaround from the ₹17.54 Cr loss recorded in the immediate previous quarter (Mar 2026). The Board also confirmed the re-appointment of Executive Director Mukesh Chand Bansal for a 5-year term and set September 18, 2026, as the record date for the FY26 dividend. The quarterly profit of ₹38.3 Cr is notably higher than the entire TTM PAT of ₹37 Cr, indicating a sharp operational recovery.
- Revenue from operations increased to ₹374.71 Cr in Q1 FY27 from ₹282.84 Cr in Q1 FY26.
- Net Profit reached ₹38.30 Cr, reversing a substantial loss of ₹17.54 Cr in the preceding quarter.
- Earnings Per Share (EPS) rose to ₹20.06 from ₹16.41 in the year-ago period.
- Record date for dividend payment and AGM voting fixed for September 18, 2026.
- Executive Director Mukesh Chand Bansal re-appointed for a 5-year term effective January 1, 2027.
Beekay Steel Industries Ltd has informed the exchange about a change in the surname of Mrs. Shalini Jain, an Independent Director, to Mrs. Shalini Jain Singhania. The company confirmed that this is a purely administrative update with no changes to her identity, designation, category, or tenure. Statutory records including DIN, PAN, and Aadhaar have already been updated to reflect the change. This filing is a routine compliance requirement under SEBI (LODR) Regulations, 2015.
- Name updated from Mrs. Shalini Jain to Mrs. Shalini Jain Singhania as of August 3, 2026
- Zero change in the director's identity, designation, or tenure
- Statutory records including DIN and PAN have been verified and updated
- Company records updated based on supporting documents submitted by the director
Beekay Steel Industries has scheduled a board meeting for August 11, 2026, to approve the un-audited financial results for the quarter ended June 30, 2026. The board will also finalize the date for the Annual General Meeting (AGM) and set the record date for dividend eligibility. This meeting follows a weak March 2026 quarter where the company reported a net loss of ₹20 crore. Investors will be looking for a recovery in operating margins, which declined from 11% in FY25 to 8% in FY26.
- Board meeting scheduled for August 11, 2026, at 1:00 PM in Kolkata.
- Agenda includes approval of Standalone and Consolidated results for the quarter ended June 30, 2026.
- Board to fix the record date and cut-off date for dividend payments and e-voting for the AGM.
- Trading window for insiders remains closed from July 1, 2026, until August 13, 2026.
- Company reported a TTM revenue of ₹1176 crore and a TTM PAT of ₹37 crore as of the latest full year.
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew by 7.58% YoY to reach INR 1,076.35 Cr in FY 2024-25, compared to INR 1,000.50 Cr in FY 2023-24. The growth was supported by a volume increase in rolling mill production from 6,46,850 MT to 6,63,197 MT.
Geographic Revenue Split
The company operates across West Bengal, Tamil Nadu, Andhra Pradesh, Jharkhand, and Odisha. It has expanded its presence into new countries to mitigate competition risks, though specific percentage splits per region are not disclosed.
Profitability Margins
Net profit margin declined significantly to 8.38% in FY 2024-25 from 13.29% in FY 2023-24. Post-tax profit stood at INR 90.18 Cr, representing a 32.18% YoY decrease from INR 132.97 Cr.
EBITDA Margin
EBITDA margin stood at 14.97% (INR 161.14 Cr) in FY 2024-25, down from 18.54% (INR 185.54 Cr) in the previous year, marking a 13.15% decrease in core profitability.
Capital Expenditure
The company invested INR 2.07 Cr in Optionally Convertible Debentures of its Wholly Owned Subsidiary, Beekay Utkal Steel Pvt. Ltd., during the year. Total investment in the subsidiary reached INR 19.55 Cr to support a greenfield rolling mill project in Kalinga Nagar, Odisha.
Credit Rating & Borrowing
The company maintains a debt-equity ratio of 0.29 times as of March 31, 2025, slightly up from 0.26 times in 2024. Interest coverage ratio is healthy at 9.36. Finance costs increased by 49.5% to INR 17.21 Cr.
Operational Drivers
Raw Materials
Key raw materials include coal and iron ore. High input costs are identified as a primary operational weakness impacting margins.
Import Sources
Sourced primarily from domestic natural resource belts; the company notes extensive availability of coal and iron ore as a core strength.
Key Suppliers
Not specifically named in the documents, but the company relies on the extensive availability of minerals and natural resources.
Capacity Expansion
Rolling mill production reached 6,63,197 MT. New Sponge Iron production capacity of 65,606 MT was utilized in FY 2024-25. A new greenfield project is underway in Kalinga Nagar, Jajpur, Odisha, and expansion of the Cuttack unit was approved in May 2024.
Raw Material Costs
Input costs are described as 'high' in the SWOT analysis, contributing to the 13.15% decline in EBITDA despite a 7.58% increase in revenue.
Manufacturing Efficiency
Workforce efficiency is currently noted as low. However, the company utilizes a unique blend of cross-industry expertise and technological know-how to maintain a competitive edge.
Strategic Growth
Expected Growth Rate
7.6%
Growth Strategy
Growth will be driven by the expansion of the Cuttack unit to meet market demand and the commissioning of a greenfield rolling mill in Kalinga Nagar, Odisha. The company is also onboarding new customers and deepening engagements with existing clients to drive sustained growth.
Products & Services
Steel products from rolling mills, Sponge Iron, and captive Power generation (WHRB).
Brand Portfolio
Beekay Steel, Inspired by Steel.
New Products/Services
Sponge Iron (65,606 MT produced) and WHRB Power (1.28 Cr Kwh) are new operational contributors in FY 2024-25.
Market Expansion
Targeting expansion in Odisha through Beekay Utkal Steel Pvt. Ltd. and increasing export presence to address differential tariffs (e.g., US tariffs on China vs India).
Strategic Alliances
Associate company AKC Steel Industries Ltd reported revenue of INR 10.31 Cr and profit of INR 4.11 Cr.
External Factors
Industry Trends
The industry is seeing a shift toward rapid urbanization and increased demand for consumer durables. India has a competitive advantage in the US market due to lower tariffs (14%) compared to China (145%) on certain steel-related exports.
Competitive Landscape
Faces competition from new market entrants; countered by B2B operational variations and geographic diversification.
Competitive Moat
Moat is built on access to low-cost natural resources (coal/iron ore) and low per-unit labor costs. Sustainability is supported by a 75% retention rate of senior management and 50% of staff having over 5 years of tenure.
Macro Economic Sensitivity
Highly sensitive to infrastructure spending; the Union Budget 2025-26 allocation of INR 11.21 Lakh Cr for capital expenditure is a primary growth driver.
Consumer Behavior
Increasing demand for affordable housing and consumer durables is shifting demand toward specialized steel sections.
Geopolitical Risks
Global economic slowdown and slow growth in infrastructure development are identified as major threats.
Regulatory & Governance
Industry Regulations
Subject to the New Industrial Policy of the Govt. of Odisha for its Kalinga Nagar project; requires various statutory permissions for greenfield undertakings.
Environmental Compliance
CSR expenditure of INR 3.36 Cr was incurred, exceeding the obligatory requirement by INR 54,723.
Taxation Policy Impact
The company reported a profit before taxation but specific tax rate percentages are not detailed in the snippets.
Legal Contingencies
The Secretarial Audit Report for FY 2024-25 by Santosh Kumar Tibrewalla did not contain any qualifications, reservations, or adverse remarks.
Risk Analysis
Key Uncertainties
Funding risk for capital expenditures could hinder performance if the company cannot maintain cost competitiveness. Potential impact is linked to the 0.29 debt-equity ratio.
Geographic Concentration Risk
Operations are concentrated in 5 Indian states, with a significant new focus on the Odisha industrial belt.
Third Party Dependencies
Dependency on contract labor is noted within the 2,500 total employee count.
Technology Obsolescence Risk
The company is addressing technology needs through 'technological know-how' and domain knowledge to stay ahead in the steel industry.
Credit & Counterparty Risk
Receivables are hedged to manage currency risk; internal financial controls are deemed 'adequate and robust' by the Audit Committee.
