IPO Chowk/Behari Lal Engineering/Review

Behari Lal Engineering IPO Review, Financial Analysis & Valuation

In-depth editorial analysis, statutory financial disclosures, and peer valuation metrics to help you evaluate if the Behari Lal Engineering IPO is good or bad.

Business Overview

Behari Lal Engineering, founded in 1995, is one of the leading iron and steel manufacturing companies with a focus on providing customised engineering solutions.

Financial Performance

Period EndedRevenueExpenseAssetsPAT
2024₹449.96₹400.04₹262.08₹35.79
2025₹516.30₹446.94₹295.98₹52.95
2026₹546.52₹459.94₹367.87₹64.64

Peer Comparison & Valuation

Compare the valuation of Behari Lal Engineering against its listed industry peers to determine if the issue price is justified.

EPSNAVCompanyIncomeRoNW %PE Ratio
4.7729.26Jayaswal Neco Industries Limited7131.82 Cr.16.39%18.48
136.11859.98AIA Engineering Limited4419.86 Cr.15.53%34.43
8.5839.03Steelcast Limited423.17 Cr.21.89%37.99
(18.54)172.42RHI Megnesita India Limited4019.95 Cr.(10.81)%–
13.15132.11Vardhman Special Steel Limited1754.43 Cr.9.59%23.19
4.81163.00IFGL Refractories Limited1894.25 Cr.7.93%43.46
46.82340.02Kennametal India Limited1170.30 Cr.13.70%62.02

Should you apply for the Behari Lal Engineering IPO?

Determining whether the Behari Lal Engineering IPO is good or bad requires evaluating the company's financial growth trajectory, the sector's macroeconomic tailwinds, and the premium demanded by the promoters in the price band.

  • Review the PAT (Profit After Tax) margins in the financials table above to ensure profitability is not artificially inflated just before the IPO.
  • Examine the P/E Ratio in the peer comparison section. A lower P/E relative to industry peers may indicate an undervalued issue.
  • Monitor the QIB subscription data on the final day, as heavy institutional buying is a strong indicator of smart-money confidence.