Beekay Steel Industries Ltd (BEEKAY.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-124.8%

-₹101.26

vs ₹409.00 price

Levered DCF

-₹244.14

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	17.21×	10.47×	9.27×	7.28×	5.02×	6.77×	3.99×	6.27×
P/B	0.59×	0.9×	1.28×	0.95×	1.12×	0.98×	0.67×	1.56×
P/S	0.52×	0.85×	1.21×	0.74×	0.61×	0.62×	0.42×	0.69×
EV / EBITDA	9.94×	7.4×	7.84×	5.64×	4.42×	5.19×	3.39×	4.22×
Gross margin	19.8%	27.2%	41.2%	14.6%	18.2%	36.2%	16.6%	20.3%
Operating margin	4.4%	8.6%	36.4%	13.5%	15.5%	32.4%	13.1%	38.2%
Net margin	3.0%	8.3%	13.0%	10.0%	12.1%	9.2%	10.4%	10.9%
Current ratio	1.63×	2.01×	2.61×	3.45×	3.28×	2.95×	3.63×	2.63×
Debt / equity	0.32×	0.28×	0.26×	0.3×	0.39×	0.28×	0.19×	0.3×
Interest coverage	2.2×	5.31×	30.96×	13.63×	16.38×	28.13×	9.65×	21.94×
Dividend yield	0.3%	0.2%	0.2%	0.2%	0.2%	0.4%	1.5%	0.4%
Payout ratio	5.4%	2.1%	1.5%	1.8%	1.2%	2.4%	5.8%	2.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.4%	8.8%	13.9%	12.9%	22.2%	14.5%	16.7%	24.9%
Return on invested capital	2.6%	5.6%	26.9%	9.6%	15.1%	28.7%	13.9%	40.1%
Return on assets	2.3%	6.2%	10.3%	9.3%	14.9%	10.3%	12.2%	16.1%
Free cash flow yield	-11.4%	4.2%	-2.4%	15.6%	-14.7%	14.5%	17.6%	3.3%
Earnings yield	5.8%	9.8%	10.8%	13.5%	19.8%	14.8%	25.1%	16.0%
Enterprise value	₹9.4B	₹11.9B	₹14.5B	₹10.2B	₹10.6B	₹7B	₹4B	₹7.4B
Net debt / EBITDA	3.49×	1.73×	1.33×	1.36×	1.13×	1.15×	0.72×	0.67×
Cash conversion cycle (days)	144	148	174	134	139	197	163	147