Behari Lal Engineering Limited (BLEL)

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Behari Lal Engineering Limited (BLEL) · mywealthgrid

About

Behari Lal Engineering Limited operates in Iron & Steel Products within the Industrials sector.

Face value: ₹10

Market cap

₹1,979 Cr

P/E

30.6×

P/B

6.0×

Dividend yield

ROE

23.6%

ROCE

31.8%

Debt / equity

0.06

OPM

16.6%

EPS (TTM)

₹16.6

Book value

₹78.4

52-week high

—

52-week low

—

28 historical price candles were omitted because the exchange source has not been verified.

₹468.0+4.7%1Y

Quick read

rule-based

Pros

+Strong return on equity of 23.8% (3-yr avg)
+High return on capital employed of 30.9%
+Profit CAGR of 30.9% over the last 3 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 59.1×
+High promoter holding of 70.8% with no pledge

Cons

−Modest revenue growth of 4.9% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 80
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	463	446	508	534
COGS	327	285	288	281
Gross profit	136	161	220	253
	91	104	147	164
Operating profit (EBITDA)	45	57	73	89
OPM %	9.7%	12.8%	14.4%	16.6%
Depreciation	8	9	11	13
Interest	3	2	1	1
	5	4	8	12
Profit before tax	38	50	69	87
Tax	9	14	16	22
Tax %	24.6%	28.3%	23.7%	25.4%
	29	36	53	65
PAT margin %	6.2%	8%	10.4%	12.1%
EPS (₹)	41.5	50.3	67.8	16.6

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	5	8	39
Reserves	113	186	234	267
Minority interest	3	3	—	—
	64	41	8	18
	20	27	47	44
Total equity & liabilities	203	262	296	368
	60	67	83	96
CWIP	5	4	4	4
Investments	3	3	0	0
	135	188	209	268
Total assets	203	262	296	368

₹ Cr	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
Net cash flow	1	-1	2	-1
Free cash flow	—	—	—	—
CFO / Operating profit %	29.9%	65%	84.9%	31%

Compounded sales growth

7 years: —
5 years: —
3 years: 5%
1 year: 5%

Compounded profit growth

7 years: —
5 years: —
3 years: 31%
1 year: 22%

Return on equity

7 years: —
5 years: —
3 years: 21%
Last year: 21%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	29.3%	36.2%	43.2%	47.4%
EBITDA margin %	9.7%	12.8%	14.4%	16.6%
EBIT margin %	8%	10.8%	12.3%	14.2%
PAT margin %	6.2%	8%	10.4%	12.1%
Working capital
Receivable days	52	67	56	65
Inventory days	67	80	103	136
Payable days	—	—	—	—
NWC days	—	—	—	—
Leverage
Current ratio	2.54	3.06	3.82	4.28
Debt to EBITDA	1.42	0.72	0.1	0.2
Debt to equity	0.55	0.22	0.03	0.06
Interest coverage	12.3	22.6	52	59.1
Asset turnover	2.28	1.7	1.72	1.45
Return ratios
Return on assets %	14.2%	13.7%	17.9%	17.6%
Return on capital employed %	27.5%	29.4%	31.5%	31.8%
Return on equity %	24.7%	18.7%	21.9%	21.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2026
	70.84%
	1.81%
	10.69%
Government	0%
	16.66%
No. of shareholders	73,551

Promoter holding up 0 percentage points since Jun 2026.

84 deals · 19 Aug 2026 – 30 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	7,36,734	₹506.23	₹37.30 Cr
30 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	7,36,734	₹505.88	₹37.27 Cr
30 Sept 2026	QE SECURITIES LLP	Bulk	NSE	Buy	5,66,067	₹497.21	₹28.15 Cr
30 Sept 2026	QE SECURITIES LLP	Bulk	NSE	Sell	5,64,713	₹499.29	₹28.20 Cr
30 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	4,99,789	₹503.51	₹25.16 Cr
30 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	4,99,374	₹503.96	₹25.17 Cr
30 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	4,65,173	₹504.67	₹23.48 Cr
30 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	4,65,173	₹504.86	₹23.48 Cr
30 Sept 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	4,14,238	₹499.04	₹20.67 Cr
30 Sept 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	3,76,474	₹499.75	₹18.81 Cr

1–10 of 84

1 / 9

Mr. Parkash Chand GargDirector
Mr. Rajesh GargDirector
Mr. Dinesh GargDirector
Mr. Lovlish GargDirector
Mr. Manvinder Partap SinghDirector
Mr. Anil DhawanDirector
Mr. Anil Kumar BansalDirector
Mr. Ayussh MittaalDirector
Ms. Meena RohillaDirector
Mr. Rajesh Kumar SinhaDirector
Sanjeev Kumar SehgalCompany Secretary and Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Schemes holding

across 1 fund houses

Held by these funds

1.27%

of the company's equity

All mutual funds

2.94%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

no prior month

2 schemes

		Shares
Flexi Cap	360 ONE Mutual Fund	4.7 L	20.73	0.92%	1.112%	—
Balance Hybrid	360 ONE Mutual Fund	67,851	2.99	0.42%	0.16%	—

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Offer and rights documents

Investor Presentation and earnings call

Sept 2026Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results7 Sept 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

21 Sept 2026, 3:26 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

17 Sept 2026, 1:18 pmCompany Update

Intimation Under Regulation 7 (1) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements Regulations), 2015 ('Listing Regulations')

General PDF

11 Sept 2026, 1:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

8 Sept 2026, 6:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

8 Sept 2026, 2:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

8 Sept 2026, 12:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 7:07 pmCompany Update

Behari Lal Engineering Ltd - 544870 - Appointment Of M/S. Reecha Goel And Associates, Practicing Company Secretaries (Peer Review No. 7564/2025), As Secretarial Auditor Of The Company To Conduct Secretarial Audit For A Term Of 1 (One) Year I.E. For The Financial Year 2026-27, Subject To Approval Of Members Of The Company At The Ensuing Annual General Meeting.

General PDF

7 Sept 2026, 4:53 pmResult

Unaudited Financial Results

Financial Results PDF

Date	Category	Subject	Filing
21 Sept 2026, 3:26 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
17 Sept 2026, 1:18 pm	Company Update General	Intimation Under Regulation 7 (1) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements Regulations), 2015 ('Listing Regulations')

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	29.3%	36.2%	43.2%	47.4%
EBITDA margin %	9.7%	12.8%	14.4%	16.6%
EBIT margin %	8%	10.8%	12.3%	14.2%
PAT margin %	6.2%	8%	10.4%	12.1%
Working capital
Receivable days	52	67	56	65
Inventory days	67	80	103	136
Payable days	—	—	—	—
NWC days	—	—	—	—
Leverage
Current ratio	2.54	3.06	3.82	4.28
Debt to EBITDA	1.42	0.72	0.1	0.2
Debt to equity	0.55	0.22	0.03	0.06
Interest coverage	12.3	22.6	52	59.1
Asset turnover	2.28	1.7	1.72	1.45
Return ratios
Return on assets %	14.2%	13.7%	17.9%	17.6%
Return on capital employed %	27.5%	29.4%	31.5%	31.8%
Return on equity %	24.7%	18.7%	21.9%	21.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

Behari Lal Engineering Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Offer and rights documents

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Announcements

Offer and rights documents

Investor Presentation and earnings call

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1