Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Behari Lal EngineeringNSE:BLEL -2.64%19 Debt-to-Equity is 0.06 as of Mar. 2026, which is 50% below its 10-year median of 0.12. GuruFocus rates NSE:BLEL with a GF Score™ of 19/100. Among 548 Steel companies, Behari Lal Engineering ranks better than 89.42% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Behari Lal Engineering's Debt-to-Equity or its related term are showing as below:
NSE:BLEL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.49
Current: 0.06
During the past 4 years, the highest Debt-to-Equity Ratio of Behari Lal Engineering was 0.49. The lowest was 0.03. And the median was 0.12.
NSE:BLEL's Debt-to-Equity is ranked better than 89.42% of 548
companies
in the Steel industry
Industry Median: 0.41
vs NSE:BLEL: 0.06
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Behari Lal Engineering Debt-to-Equity Related Terms
Behari Lal Engineering Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Behari Lal Engineering's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Behari Lal Engineering Debt-to-Equity Chart
Behari Lal Engineering Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Debt-to-Equity
0.49
0.18
0.03
0.06
Behari Lal Engineering Quarterly Data
Mar23
Mar24
Mar25
Mar26
Debt-to-Equity
0.49
0.18
0.03
0.06
NSE:BLEL vs NUE, STLD, RS: Debt-to-Equity Comparison
For the Steel subindustry, Behari Lal Engineering's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Behari Lal Engineering Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Behari Lal Engineering's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Behari Lal Engineering's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Behari Lal Engineering (NSE:BLEL) has a Debt-to-Equity of 0.06 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Behari Lal Engineering and its competitors. This is 50% below median its historical median of 0.12. Over the past decade, Behari Lal Engineering's Debt-to-Equity has ranged from 0.03 to 0.49. According to the industry distribution chart, Behari Lal Engineering ranks #58 out of 548 companies in the Steel industry, placing it in the top 10.6%.
Is Behari Lal Engineering's Debt-to-Equity too high?
Behari Lal Engineering's current Debt-to-Equity of 0.06 is 50% below median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.49. The Steel industry median Debt-to-Equity is 0.41. Behari Lal Engineering's value of 0.06 is 85.4% below this industry median. Based on the distribution chart, Behari Lal Engineering ranks #58 out of 548 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Behari Lal Engineering has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Behari Lal Engineering's Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Behari Lal Engineering ranks #58 out of 548 companies for Debt-to-Equity. This places Behari Lal Engineering in the top 11% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.41. Behari Lal Engineering's value of 0.06 is 85.4% below this benchmark. Historically, Behari Lal Engineering's own Debt-to-Equity has ranged from 0.03 to 0.49 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.41, Behari Lal Engineering has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Steel company?
The median Debt-to-Equity among Steel companies is 0.41, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Behari Lal Engineering's current Debt-to-Equity of 0.06 is 85.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Behari Lal Engineering and its competitors. For the Steel industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Behari Lal Engineering's current Debt-to-Equity is 0.06, which is 50% below median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Behari Lal Engineering stock overvalued right now?
Behari Lal Engineering (NSE:BLEL) has a current Debt-to-Equity of 0.06. The current Debt-to-Equity is 0.06, which is 50% below median its 10-year median of 0.12 and 85.4% below the Steel industry median of 0.41. Behari Lal Engineering's overall GF Score™ is 19/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Behari Lal Engineering (NSE:BLEL), the current Debt-to-Equity is 0.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Behari Lal Engineering Ltd is an integrated iron and steel manufacturing company specializing in customized engineering solutions. Its precision engineered components for critical industrial applications comprise: Metal Rolls, Engineering Castings, Alloy Steel Products, and Forging Ingots and Forged Shafts/ Blocks. The company's precision engineered products find application across diverse industries such as automobile, steel, mining, infrastructure and construction, power, aerospace and defence and cement.
19GF Score
Get the complete analysis for NSE:BLEL
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BLEL has been successfully added to your 
