Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹2011 Cr.
Stock P/E
31.1
P/B
4.8
Current Price
₹475.5
Book Value
₹ 98.9
Face Value
10
52W High
₹547.9
52W Low
₹ 415
Dividend Yield
—

Behari Lal Engineeri Overview

Business

Behari Lal Engineering Ltd. (BLEL) operates in the Steel & Iron Products sector in India. Its core business likely involves the manufacturing, processing, and/or trading of various steel and iron products. This could include structural steel, rebar, sheets, plates, pipes, tubes, or custom fabricated components. The company primarily serves other businesses (B2B model) in sectors such as construction, infrastructure, manufacturing, and general engineering. It makes money by selling these products at a margin over their production or procurement costs.

Revenue Mix

Without specific financial data, the exact revenue mix of Behari Lal Engineering Ltd. cannot be determined. Typical segments for a company in this industry could include:

Manufacturing of specific steel products (e.g., re-rolled products, structural steel).

Processing and fabrication of steel components as per customer specifications.

Trading of steel and iron materials.

Contributions from these segments would vary based on the company's operational focus and market demand.

Industry

The Indian steel and iron products industry is highly fragmented, characterized by a mix of large integrated steel producers (e.g., Tata Steel, JSW Steel, SAIL) and numerous smaller, regional players, re-rollers, and fabricators. The industry is cyclical and commodity-driven, heavily influenced by demand from infrastructure, construction, automotive, and manufacturing sectors. Behari Lal Engineering Ltd. is likely positioned as a regional or niche player, possibly focusing on specific product types, catering to smaller order sizes, or providing specialized fabrication services. Its competition would come from both other small to medium-sized enterprises (SMEs) and, indirectly, from the broader product offerings of larger players.

MOAT

Given its likely positioning as an SME in a commodity-driven industry, Behari Lal Engineering Ltd. may have a narrow or localized competitive advantage rather than a wide moat. Potential advantages could include:

Customer Relationships: Strong, long-standing relationships with local or regional clients built on trust and reliability.

Niche Specialization: Expertise in specific product categories or custom fabrication that larger players might not prioritize.

Cost Efficiency: Potentially lower overheads or optimized processes for its specific product range or regional operations.

Proximity: Being geographically close to key customers or raw material sources, leading to lower logistics costs and faster delivery times for local markets.

Operational Flexibility: Ability to quickly adapt to smaller, custom orders or fluctuating local demand that larger players might find uneconomical.

Growth Drivers

Indian Infrastructure Development: Government spending on roads, railways, ports, airports, and urban development will drive demand for steel products.

Construction Sector Growth: Rising urbanization, affordable housing initiatives, and commercial real estate development.

Manufacturing Revival: Growth in automotive, capital goods, and other manufacturing sectors will increase demand for steel inputs and components.

Government Policies: "Make in India" initiatives and production-linked incentive (PLI) schemes can boost domestic manufacturing and, consequently, steel demand.

Product Diversification: Expanding into higher-value-added or specialized steel products could open new markets.

Risks

Commodity Price Volatility: Fluctuations in the prices of raw materials (iron ore, coking coal) and finished steel products directly impact profitability.

Economic Downturns: A slowdown in India's GDP or key end-user sectors (construction, automotive) would significantly reduce demand.

Intense Competition: Pressure from larger integrated players with economies of scale and numerous smaller regional competitors, leading to price wars.

Input Cost Inflation: Rising costs of energy, labor, and transportation.

Regulatory & Environmental Compliance: Increasing scrutiny and evolving regulations on industrial emissions and waste management in the heavy industry sector.

Supply Chain Disruptions: Issues with raw material availability or logistics challenges.

Technological Obsolescence: Need for continuous investment in modern machinery and processes to remain competitive.

Management & Ownership

As is common with many Indian SMEs, Behari Lal Engineering Ltd. is likely a promoter-driven company. The ownership is probably concentrated with the founding family or a small group of individuals, who also play a significant role in its management. Management quality would depend on their experience, strategic vision, operational efficiency, and ability to navigate market cycles and competitive pressures. Specific details on individual promoters or the management team are not publicly available without detailed company reports.

Outlook

Behari Lal Engineering Ltd. operates in a sector poised to benefit from India's long-term economic growth and infrastructure push. The underlying demand drivers, particularly from construction and infrastructure, present substantial opportunities for growth. However, the company's performance will be heavily influenced by its ability to manage the inherent volatility of commodity prices, maintain operational efficiency, and effectively compete in a fragmented and price-sensitive market. Its success will likely hinge on leveraging any regional strengths, specialized capabilities, and strong customer relationships to navigate competitive pressures and capitalize on India's industrial development.

Behari Lal Engineeri Share Price

Live · BSE / NSE · Inception: 1995
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Behari Lal Engineeri Quarterly Results

#(Fig in Cr.) Jun 2025 Jun 2026
Net Sales 128 152
Other Income 1 2
Total Income 130 154
Total Expenditure 106 124
Operating Profit 24 30
Interest 0 0
Depreciation 3 4
Exceptional Income / Expenses 0 0
Profit Before Tax 21 26
Provision for Tax 6 7
Profit After Tax 15 19
Adjustments 0 0
Profit After Adjustments 15 19
Adjusted Earnings Per Share 4 4.9

Behari Lal Engineeri Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 463 446 508 534 280
Other Income 5 4 8 12 3
Total Income 467 450 516 547 284
Total Expenditure 418 389 435 445 230
Operating Profit 49 61 81 102 54
Interest 4 2 1 2 0
Depreciation 8 9 11 13 7
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 38 50 69 87 47
Provision for Tax 9 14 16 22 13
Profit After Tax 29 36 53 65 34
Adjustments 0 0 0 0 0
Profit After Adjustments 29 36 53 65 34
Adjusted Earnings Per Share 14.4 14.7 13.6 16.6 8.9

Behari Lal Engineeri Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 120 194 242 306
Minority's Interest 0 0 0 0
Borrowings 30 7 1 0
Other Non-Current Liabilities 1 3 2 3
Total Current Liabilities 52 58 52 59
Total Liabilities 203 262 296 368
Fixed Assets 60 67 83 96
Other Non-Current Assets 12 17 16 21
Total Current Assets 132 178 197 251
Total Assets 203 262 296 368

Behari Lal Engineeri Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 2 0 2
Cash Flow from Operating Activities 13 37 62 28
Cash Flow from Investing Activities -21 -52 -20 -38
Cash Flow from Financing Activities 9 14 -40 9
Net Cash Inflow / Outflow 1 -1 2 -1
Closing Cash & Cash Equivalent 2 0 2 1

Behari Lal Engineeri Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 14.4 14.73 13.56 16.56
CEPS(Rs) 18.27 18.34 16.28 19.95
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 58.32 78.61 61.89 78.41
Core EBITDA Margin(%) 9.71 12.83 14.38 16.7
EBIT Margin(%) 9.02 11.73 13.94 16.56
Pre Tax Margin(%) 8.26 11.19 13.66 16.21
PAT Margin (%) 6.22 8.02 10.43 12.1
Cash Profit Margin (%) 7.89 9.99 12.51 14.59
ROA(%) 14.17 15.38 18.98 19.47
ROE(%) 24.69 23.27 24.48 23.6
ROCE(%) 22.78 25.02 29.24 30.87
Receivable days 51.78 60.15 57.39 59.52
Inventory Days 47.24 50.03 51.55 63.39
Payable days 12.75 14.36 22.41 28.96
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.14 0.04 -0.03 0.03
EV/Core EBITDA(x) 1.32 0.28 -0.21 0.14
Net Sales Growth(%) 0 -3.64 13.86 5.14
EBIT Growth(%) 0 25.39 35.28 24.89
PAT Growth(%) 0 24.27 47.95 22.07
EPS Growth(%) 0 2.3 -7.93 22.07
Debt/Equity(x) 0.55 0.22 0.03 0.06
Current Ratio(x) 2.54 3.06 3.82 4.28
Quick Ratio(x) 1.4 1.99 2.56 2.94
Interest Cover(x) 11.85 21.57 48.77 47.58
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +5% +5% — —
Operating Profit CAGR +26% +28% — —
PAT CAGR +23% +31% — —
Share Price CAGR — — — —
ROE Average +24% +24% +24% +24%
ROCE Average +31% +28% +27% +27%

Behari Lal Engineeri Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 70.84 %
FII 1.63 %
DII (MF + Insurance) 11.18 %
Public (retail) 16.35 %
# Jun 2026 Aug 2026 Sep 2026
Promoter 070.8470.84
FII 01.811.63
DII 09.8811.18
Public 017.4616.35
Others 000
Total 100100100

Behari Lal Engineeri Peer Comparison

Steel & Iron Products Edit Columns

Behari Lal Engineeri Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Behari Lal Engineeri Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

    0
  • Debtor days have increased from 22.41 to 28.96days.
  • Stock is trading at 4.8 times its book value.
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