Is Beekay Steel Ind. overvalued or undervalued?

As of 5 June 2025, the valuation grade for Beekay Steel Ind. has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered undervalued, with a PE ratio of 11.26, a Price to Book Value of 0.99, and an EV to EBITDA of 9.61. These ratios suggest that Beekay Steel is trading at a lower valuation compared to its peers, particularly when compared to JSW Steel, which has a PE ratio of 64.98, and Tata Steel, with a PE of 51.92.
In the context of its industry, Beekay Steel's attractive valuation stands out against competitors like Jindal Steel (PE of 24.29) and SAIL (PE of 21.12), both of which are also rated attractive. While Beekay Steel has faced a year-to-date decline of 21.59%, its long-term performance remains strong, with a 5-year return of 199.77% compared to the Sensex's 143.00%. This performance, combined with its current valuation metrics, reinforces the view that Beekay Steel is undervalued in the market.