On 20 Nov 2025, Beekay Steel Industries recorded an intraday low of Rs.434, down 2.26% from the previous close. The stock also touched an intraday high of Rs.461, representing a 3.82% movement within the trading session. Despite this volatility, the closing price settled at the new low, underscoring the prevailing downward momentum. The stock's performance today underperformed its sector by 1.97%, indicating relative weakness within the Iron & Steel Products industry.
Technical indicators show that Beekay Steel Industries is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests sustained selling pressure and a lack of short- to long-term upward momentum. In contrast, the Sensex index has been trading above its 50-day and 200-day moving averages, with the 50 DMA positioned above the 200 DMA, signalling a bullish trend in the broader market.
Over the past year, Beekay Steel Industries has generated a return of -29.55%, significantly lagging behind the Sensex’s 10.45% gain during the same period. The stock’s 52-week high was recorded at Rs.742.5, highlighting the extent of the decline from its peak to the current low.
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Financially, Beekay Steel Industries has exhibited subdued growth over the last five years. Net sales have shown an annual growth rate of 9.51%, while operating profit has remained marginal at 0.95% annually. The company has reported negative quarterly results for six consecutive quarters, with the latest quarter’s Profit After Tax (PAT) at Rs.11.63 crore, reflecting a decline of 48.2% compared to the average of the previous four quarters.
The company’s operating profit to interest coverage ratio for the quarter stands at 3.47 times, which is the lowest recorded in recent periods. Return on Capital Employed (ROCE) for the half-year is at 7.57%, also marking a low point. These metrics indicate constrained profitability and efficiency in capital utilisation.
Despite its market size, domestic mutual funds hold no stake in Beekay Steel Industries. Given that domestic mutual funds typically conduct thorough research before investing, their absence may reflect a cautious stance towards the company’s current valuation or business outlook.
Beekay Steel Industries has underperformed not only in the last year but also relative to the BSE500 index over the last three years, one year, and three months. This consistent underperformance highlights challenges in both near-term and long-term growth trajectories.
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On a positive note, the company maintains a strong ability to service its debt, with a Debt to EBITDA ratio of 0.99 times. This relatively low leverage indicates manageable debt levels in relation to earnings before interest, taxes, depreciation, and amortisation. Additionally, the stock is trading at an attractive valuation with an Enterprise Value to Capital Employed ratio of 0.8, which is below the average historical valuations of its peers.
However, the profitability picture remains subdued, with profits falling by 45.8% over the past year. This decline in earnings, coupled with the stock’s price performance, reflects the challenges faced by Beekay Steel Industries in the current market environment.
Meanwhile, the broader market environment shows strength. The Sensex opened 284.45 points higher and reached a new 52-week high of 85,660.83 points on the same day. Mega-cap stocks are leading the gains, contributing to the Sensex’s 0.56% rise. This divergence between Beekay Steel Industries and the broader market underscores the stock’s relative weakness within the Iron & Steel Products sector.
In summary, Beekay Steel Industries’ fall to Rs.434 marks a significant low point in its recent trading history. The stock’s performance contrasts with the positive momentum in the wider market and reflects ongoing challenges in profitability and growth metrics. Investors analysing the stock will note the subdued financial indicators alongside the technical signals of weakness.
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