Beekay Steel Industries Ltd(BEEKAY)

NSE: BEEKAYBSE: 539018

₹ 384.1-3.97%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 733 crWebsite: www.beekaysteel.comUpdated: 24 Oct 2026

About

Beekay Steel Industries is a secondary steel producer making bright bars, structural steel, TMT bars and sections for the railway, infrastructure, housing, automobile and engineering sectors. It operates four facilities, at Cuttack, Jamshedpur, Vizag and Chennai. Revenue was Rs 1175.04 Cr in FY26.^[1][2]

Business segments

The company reports one operating segment: manufacturing, selling, processing and conversion of steel (FY25).^[3]

Products

Product range as of FY26: bright bars, structural steel, TMT bars and sections, sold to the railway, infrastructure, housing, automobile and engineering sectors.^[1]

Operations

Four facilities as of FY26: a fully integrated complex at Cuttack, a conversion facility at Jamshedpur, long products and job work at Vizag, and engineering and automotive conversion at Chennai.^[1]
Cuttack Phase I achieved complete backward integration for the first time in the company's operations (FY26).^[1]
Sponge iron production started in FY25 at 65,606 MT, and waste-heat power generation at 1,28,95,400 Kwh; both were nil in the prior year.^[3]
SAP Business One is in use at all manufacturing units except Chennai, where migration is underway (FY26).^[1]

Key operating numbers

Beekay Structural produced 56,000 Tonnes in FY26 and targets more than 90,000 Tonnes in FY27.^[1]
Employee strength was 2,450 in FY25.^[3]

Customers and distribution

Customers named in FY26 include Tata Steel, Tata International, BALCO, Amtek Group, L&T, Hindalco, Amalgamations Group, Vedanta and BHEL.^[1]
A value-added conversion partnership with Tata International contributes around 2,500 Tonnes per month (FY26).^[1]
Job work rests mainly on one leading steel company, and the company's rating agency monitors this customer concentration (FY26).^[1]
Dealer volumes rose from about 5,000 to 9,000 Tonnes per month after expansion in Southern India (FY26).^[1]
The southern region contributed more than 58% of revenues in FY26.^[1]
The Coimbatore, Bengaluru and Pune branches are being scaled up, and a new warehouse is under construction at Coimbatore (FY26).^[1]

Expansion and capex

Wholly owned subsidiary Beekay Utkal Steel is setting up a greenfield rolling mill at Kalinga Nagar, Jajpur, Odisha. Land has been acquired and permissions are being sought (FY26).^[1]
Total investment in the subsidiary through optionally convertible debentures was Rs. 21.05 Crores, including Rs. 1.50 Crores invested in FY26.^[1]

Group companies

Associate AKC Steel Industries reported revenue of Rs. 8.63 Crores in FY26 (Rs. 10.31 Crores in FY25) and profit of Rs. 257.37 Lakhs (Rs. 411.04 Lakhs in FY25).^[1]

Market Cap

₹733 Cr

High / Low

₹499 / 320

Stock P/E

16.9

Price / Book

0.7

Book Value

₹549

EPS

₹19.2

No. of Shares

1.91 Cr

ROCE

5.6%

ROE

3.5%

OPM

6.2%

Debt / Equity

0.32

Sales

₹1,175 Cr

Net Profit

₹37 Cr

Promoter holding

71.9%

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