Behari Lal Engineering Ltd.

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beharilalengineering.comBSE: -NSE: BLEL

Market Cap₹ 1,914 Cr.

Current Price

High / Low₹ 548 / 431

Stock P/E29.6

Book Value₹ 94

Price to Book4.80

Dividend Yield0.00 %

ROCE30.9 %

ROE23.6 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 28.4%
Company has a good return on equity (ROE) track record: 3 Years ROE 23.8%
Operating margins have improved to 16.7% from 9.7%
Company comfortably covers its interest (47.6x coverage)
Attractively priced for its growth - PEG of 1.0

CONS

Receivables are growing faster than sales - a possible quality concern
Equity base is being diluted - shares outstanding up 876.0%
Total debt has risen sharply - up 134.6% year on year
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1325.00	13.07	324022.65	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	189.00	21.38	235937.32	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	197.10	19.06	81412.65	1.19	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2591.20	29.60	68353.43	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2250.00	50.83	62473.14	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	737.70	18.72	60817.43	0.54	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1066.05	26.49	29756.85	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	305.30	29.88	19524.19	0.66	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2732.25	44.24	19150.89	0.37	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	508.95	15.87	17934.44	0.39	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	240.90	20.11	16218.33	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	BLEL	452.35	29.61	1913.55	0.00	—	—	—	—	30.87	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	463	446	508	534
	418	389	435	445
Operating Profit	45	57	73	89
OPM %	9.71%	12.83%	14.38%	16.70%
	5	4	8	12
Interest	4	2	1	2
Depreciation	8	9	11	13
Profit before Tax	38	50	69	87
Tax %	24.65%	28.30%	23.66%	25.35%
Net Profit	29	36	53	65
EPS	72.00	73.66	67.82	16.56
Dividend Payout %	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 31%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 24%
Last Year:: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	5	8	39
	113	186	234	267
	64	41	13	26
Trade Payables	11	11	24	20
	12	19	16	16
Total Liabilities	203	262	296	368
	60	67	83	96
Capital Work in Progress	5	4	4	4
	3	3	0	0
	60	62	81	104
	66	81	78	96
Cash & Bank	2	29	33	43
	7	15	17	25
Total Assets	203	262	296	368

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13	37	62	28
Cash from Investing	-21	-52	-20	-38
Cash from Financing	9	14	-40	9
	1	-1	2	-1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	72.00	73.66	67.82	16.56
Book Value (₹)	291.61	393.07	309.45	78.41
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	18.27	18.34	16.28	19.95
PROFITABILITY
Operating Margin %	9.71%	12.83%	14.38%	16.70%
Net Margin %	6.22%	8.02%	10.43%	12.10%
ROE %	24.69%	23.27%	24.48%	23.60%
ROCE %	22.78%	25.02%	29.24%	30.87%
	14.17%	15.38%	18.98%	19.47%
EFFICIENCY
Debtor Days	52	60	57	60
Inventory Days	47	50	52	63
Payable Days	13	14	22	29
	86	96	87	94
FINANCIAL HEALTH
Debt to Equity (x)	0.55x	0.22x	0.03x	0.06x
Interest Coverage (x)	11.85x	21.57x	48.77x	47.58x
	2.54x	3.06x	3.82x	4.28x
GROWTH
Revenue Growth %	0.00%	-3.64%	13.86%	5.14%
Operating Profit Growth %	0.00%	23.48%	33.23%	24.93%
Net Profit Growth %	0.00%	24.27%	47.95%	22.07%
	0.00%	2.30%	-7.93%	-75.59%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	1.32x	0.28x	-0.21x	0.14x

Shareholding Pattern

Numbers in percentages

	Aug 2026
	70.84
	1.81
	9.88
Government	0.00
	17.46

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - Behari Lal Engineering Limited has informed the Exchange about Schedule of meet

2026-08-22

Trading Plan under PIT

2026-08-22 - Behari Lal Engineering Limited has informed the Exchange regarding Trading Plan pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-08-22

General Updates

2026-08-22 - Behari Lal Engineering Limited has informed the Exchange about General Updates

2026-08-19

Trading Window

2026-08-19 - Behari Lal Engineering Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

News

Recent coverage and analyst commentary for BLEL

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