Behari Lal Engineering Limited
NSE: BLELIron & Steel Products
Share price
₹495.60
+1.78% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
54
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,060 Cr
P/E ratio
29.2
P/B ratio
—
ROCE
30.9%
ROE
23.7%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 5.8% a year against a sector median of 10.6% — 4.9 percentage points slower.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.9 times its growth rate, on earnings growth of 31%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Behari Lal Engineering Limited — this one | 31%/yr | 29.2× | ₹0.94 |
| Welspun Corp Limited | 119%/yr | 30.3× | — |
| APL Apollo Tubes Limited | 23%/yr | 46.5× | ₹2.0 |
| Shyam Metalics and Energy Limited | 9%/yr | 26.4× | ₹2.9 |
| Ratnamani Metals & Tubes Limited | -1%/yr | 39.9× | — |
| Jindal Saw Limited | 14%/yr | 26.5× | ₹1.9 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Iron & Steel Products), it ranks 5 of 70 on returns, 48 of 68 on growth, 14 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 30.9% on capital, ahead of 93% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the 4 years of cash statements on file it made ₹140 crore of cash from the business, spent ₹89 crore on plant and equipment, and returned ₹8 crore to lenders and shareholders.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 8 checks clear · 88%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 7 Sep 2026 · Standalone · Unaudited
Revenue
₹152 Cr
Net profit
₹19 Cr
Net margin
12.7%
EPS
₹4.92
Earnings call transcript · 8 Sep 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,060 Cr
- Prev close
- ₹495.60
- 52w High
- ₹548
- 52w Low
- ₹415
- Enterprise value
- ₹2,078 Cr
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 17.7%
- PEG ratio
- 1.0
- P/E ratio
- 29.2
- P/B ratio
- —
- EV / EBITDA
- 23.3
- Industry P/E
- 24.9
- ROCE
- 30.9%
- ROCE 5y average
- 28.3%
- ROE
- 23.7%
- Debt / Equity
- 0.1
- Interest coverage
- 44.5
- Dividend yield
- 0.0%
- ROE 3y average
- 24.0%
- ROE last year
- 24.0%
Annual P&L
- Annual revenue
- ₹533 Cr
- Annual profit
- ₹65 Cr
- Operating margin
- 17.0%
- Net profit margin
- 12.2%
- EBITDA margin
- 16.7%
- Sales growth 3y
- 4.9%
- Sales growth 5y
- —
- Profit growth 3y
- 31.0%
- Profit growth 5y
- —
- EPS
- ₹16.6
- Sales growth TTM
- 5.0%
- Profit growth TTM
- 24.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹152 Cr
- Profit latest quarter
- ₹19 Cr
- YoY quarterly sales growth
- 18.8%
- YoY quarterly profit growth
- 26.7%
- OPM latest quarter
- 18.0%
Balance Sheet
- Book Value
- ₹78.5
- Face Value
- ₹10.0
- Total debt
- ₹18 Cr
- Total cash
- —
- Borrowings
- ₹18 Cr
- Reserves / Equity
- 6.8
Cash Flow
- Operating cash flow
- ₹28 Cr
- Free cash flow
- ₹1 Cr
- FCF yield
- -0.0%
- Net cash flow
- -₹1 Cr
Shareholding
- Promoter holding
- 70.8%
- FII holding
- 1.8%
- DII holding
- 10.7%
- Public holding
- 16.6%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Welspun Corp | 2,670.00 | 30.5 | 70,432 | 0.19 | 1,047.9 | 198.6 | 4,081.1 | 14.9 | 22.9 |
| APL Apollo Tubes | 2,126.00 | 48.0 | 59,030 | 0.39 | 263.1 | 10.9 | 5,606.7 | 8.4 | 31.8 |
| Shyam Metalics | 1,051.05 | 26.1 | 29,338 | 0.43 | 350.7 | 18.1 | 5,455.1 | 23.4 | 13.0 |
| Ratnamani Metals | 2,597.05 | 41.5 | 18,203 | 0.38 | 107.0 | -37.7 | 971.6 | -15.6 | 17.9 |
| Jindal Saw | 280.70 | 27.5 | 17,951 | 0.71 | 90.8 | -75.4 | 4,452.3 | 9.0 | 10.4 |
| Usha Martin | 513.70 | 28.7 | 15,655 | 0.74 | 142.0 | 40.7 | 1,033.0 | 16.4 | 19.5 |
| Godawari Power | 214.75 | 17.7 | 14,458 | 0.46 | 222.4 | 2.7 | 1,750.5 | 32.3 | 20.5 |
| Behari Lal Engg. | 513.80 | 31.8 | 2,174 | 0.00 | 19.2 | 24.4 | 151.7 | 18.0 | 30.9 |
| Median | 174.40 | 23.9 | 1,053 | 0.00 | 14.6 | 29.3 | 213.4 | 16.4 | 13.3 |
Competes with: AIA Engineering Limited, APL Apollo Tubes Limited, Godawari Power And Ispat limited, IFGL Refractories Limited, Jayaswal Neco Industries Limited, Jindal Saw Limited, Kennametal India Limited, RHI MAGNESITA INDIA LIMITED, Ratnamani Metals & Tubes Limited, Shiprocket Limited, Shyam Metalics and Energy Limited, Steelcast Limited, Usha Martin Limited, Vardhman Special Steels Limited, Welspun Corp Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 128 | 131 | 152 |
| Expenses | 106 | 108 | 124 |
| Material Cost | 82 | ||
| Change in Inventories | -5.81 | ||
| Purchases of Stock-in-Trade | 1.61 | ||
| Employee Cost | 12 | ||
| Other Expenses | 34 | ||
| Operating Profit | 23 | 23 | 28 |
| OPM % | 18 | 18 | 18 |
| Other Income | 1 | 7 | 2 |
| Exceptional items (within Other Income) | 0 | ||
| Interest | 0 | 0 | 0 |
| Depreciation | 3 | 4 | 4 |
| Profit before tax | 21 | 26 | 26 |
| Tax % | 26 | 19 | 25 |
| Net Profit | 15 | 21 | 19 |
| EPS in Rs | 3.95 | 5.48 | 4.92 |
| Diluted EPS in Rs | 4.92 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 462 | 445 | 507 | 533 |
| Expenses | 417 | 388 | 434 | 443 |
| Operating Profit | 45 | 57 | 73 | 89 |
| OPM % | 10 | 13 | 14 | 17 |
| Other Income | 5 | 4 | 8 | 12 |
| Interest | 4 | 2 | 1 | 2 |
| Depreciation | 8 | 9 | 11 | 13 |
| Profit before tax | 38 | 50 | 69 | 87 |
| Tax % | 25 | 28 | 24 | 25 |
| Net Profit | 29 | 36 | 53 | 65 |
| EPS in Rs | 72 | 74 | 68 | 17 |
| Dividend Payout % | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- 5%
- TTM
- 5%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 31%
- TTM
- 24%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- 24%
- Last year
- 24%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 4 | 5 | 8 | 39 |
| Reserves | 116 | 189 | 234 | 267 |
| Borrowings | 64 | 41 | 8 | 18 |
| Other Liabilities | 20 | 27 | 47 | 44 |
| Total Liabilities | 203 | 262 | 296 | 368 |
| Fixed Assets | 60 | 67 | 83 | 96 |
| CWIP | 5 | 4 | 4 | 4 |
| Investments | 3 | 3 | 0 | 0 |
| Other Assets | 135 | 188 | 209 | 268 |
| Total Assets | 203 | 262 | 296 | 368 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from Operating Activity | 13 | 37 | 62 | 28 |
| Cash from Investing Activity | -21 | -52 | -20 | -38 |
| Cash from Financing Activity | 9 | 14 | -40 | 9 |
| Net Cash Flow | 1 | -1 | 2 | -1 |
| Free Cash Flow | -8 | 22 | 36 | 1 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 52 | 67 | 56 | 66 |
| Inventory Days | 67 | 80 | 103 | 136 |
| Days Payable | 13 | 14 | 31 | 26 |
| Cash Conversion Cycle | 106 | 133 | 128 | 175 |
| Working Capital Days | 61 | 72 | 81 | 103 |
| ROCE % | 25 | 29 | 31 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
company capacity utilisation %
90.50pct
2026-06-30
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
exports as % of revenue
5.70pct
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
total loans / revolving facilities outstanding at period end, the base of loan_default_cr
0.00cr
2026-06-30
order book, Rs crore
162inr_cr
2026-06-30
volume growth %
13.40pct
2026-06-30
News
News and filings about Behari Lal Engineering Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- AIA Engineering Limited
- APL Apollo Tubes Limited
- Godawari Power And Ispat limited
- IFGL Refractories Limited
- Jayaswal Neco Industries Limited
- Jindal Saw Limited
- Kennametal India Limited
- RHI MAGNESITA INDIA LIMITED
- Ratnamani Metals & Tubes Limited
- Shiprocket Limited
- Shyam Metalics and Energy Limited
- Steelcast Limited
- Usha Martin Limited
- Vardhman Special Steels Limited
- Welspun Corp Limited
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Iron & Steel Products
- Classification
- Capital Goods › Iron & Steel Products
- ISIN
- INE1EEM01017
News impact
Big market events that reach Behari Lal Engineering Limited, and how the effect spreads.
22 Sept, 21:43 IST · Market event · high impact
RHI Magnesita block deal: Dalmia Bharat refractories divests 11.11% stake for Rs 826 crore; SBI MF, Bandhan MF among buyers
Dalmia sold an 11% RHI Magnesita stake for Rs 826 crore to mutual funds, lifting RHI shares and clearing selling pressure, which helps RHI holders and gives Dalmia cash while rivals and steel buyers feel nothing.
Who it hits first
- RHI Magnesita India, which makes heat-proof linings for steel and cement furnaces, saw 11.11% of its shares (2.29 crore shares) change hands in one block trade (a large pre-agreed sale) at Rs 360 each for Rs 826 crore.
- The seller Dalmia Bharat Refractories cashed out that chunk while SBI Mutual Fund led the buying with Bandhan Mutual Fund, and RHI shares still rose 3.04% to Rs 379.20, showing strong demand for the stock.
Who may gain
- RHI Magnesita India shareholders, who see a higher price near Rs 379.20 with the large-seller overhang gone and bigger mutual-fund ownership
- Dalmia Bharat Refractories, which turns an 11.11% stake into Rs 826 crore of cash it can use elsewhere
Along the supply chain
Downstream
No downstream change — steel and cement customers such as Tata Steel, JSW Steel and UltraTech Cement still buy the same furnace linings on the same terms; only who owns RHI shares changed.
Upstream
No upstream change — the pack lists no raw-material suppliers for RHI Magnesita India, and a shareholder shuffle does not change what it buys or pays.
Where demand moves
Business
No new business demand — steel and cement makers order no extra furnace linings because of this trade; only existing shares moved from one owner to new owners.
Capital
Clear capital demand — SBI Mutual Fund and Bandhan Mutual Fund paid Rs 826 crore to absorb 2.29 crore shares at Rs 360, and the price rising to Rs 379.20 shows buyers wanted more stock than offered, leaving steadier institutional hands.
How it spreads across sectors
Capital Goods
Only mood, no orders — rival lining and electrode makers such as GRAPHITE, HEG and BLEL may feel a brief sentiment lift from big mutual-fund buying but no new sales.
Construction Materials
No impact — cement makers including Dalmia Bharat and UltraTech Cement face no change in demand or costs from this share trade.
Metals & Mining
No impact — steel makers that buy RHI linings, such as Tata Steel and JSW Steel, see no change in supply or price.
When it plays out
Immediate
1-7 days: RHI shares digest the block; with the 11.11% overhang gone and funds holding stock bought at Rs 360, the price near Rs 379.20 holds unless wider selling hits.
Medium term
1-6 months: RHI moves on furnace-lining earnings and steel demand, not on who bought this block; rivals and customers stay unaffected throughout.
Short term
1-4 weeks: focus shifts back to lining orders and margins as the trade itself fades as a price driver.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 30 Sep 2026 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 7,36,734 | ₹505.88 |
| 30 Sep 2026 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 7,36,734 | ₹506.23 |
| 30 Sep 2026 | QE SECURITIES LLP | BUY | 5,66,067 | ₹497.21 |
| 30 Sep 2026 | QE SECURITIES LLP | SELL | 5,64,713 | ₹499.29 |
| 30 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 4,99,789 | ₹503.51 |
| 30 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 4,99,374 | ₹503.96 |
| 30 Sep 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 4,65,173 | ₹504.67 |
| 30 Sep 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 4,65,173 | ₹504.86 |
| 30 Sep 2026 | HRTI PRIVATE LIMITED | BUY | 4,14,238 | ₹499.04 |
| 30 Sep 2026 | HRTI PRIVATE LIMITED | SELL | 3,76,474 | ₹499.75 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY278 Sep 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.