DSE:BSRMSTEEL
BSRM Steels Limited research
Reports on BSRM Steels Limited
Peer comparisons and industry research covering BSRM Steels Limited
Company · DSE:GPHISPAT · Steel · Analysis · 29 Oct 2026
GPH Ispat: a modern melt-and-roll plant at half capacity, with finance cost taking 94% of operating profit
FY2026 revenue fell 30% to Tk 39.4bn as billet output dropped to 498,520 t. Gross margin rose to 17.9%, but Tk 5.5bn of finance cost left Tk 35m of profit. Borrowings are Tk 75.2bn; the rights issue is on hold.
What it is. GPH Ispat Limited melts steel scrap into MS billet and rolls billet into MS rod (rebar) and medium sections at Masjiddah, Kumira, Sitakunda, Chattogram. Its fiscal year ends on 30 June: FY2026 is 1 July 2025 to 30 June 2026, and DSE…
Company · DSE:BSRMLTD · Steel · Initiation · 29 Oct 2026
BSRM Ltd fair value range Tk 45-140: a billet and rod maker plus a 31% BSRM Steels stake, with the taka as the swing factor
Fair value range Tk 45-140 by sum of the parts; price Tk 95.4 is inside it. FY27F EPS falls to Tk 19.06 from Tk 23.54 as power, the taka and a weaker BSRM Steels bite; the US$ trade loans are the swing factor.
Bangladesh Steel Re-Rolling Mills Ltd (BSRM Ltd, DSE: BSRMLTD) is the parent of the BSRM steel group, Bangladesh's largest maker of MS deformed bar (rebar). It does two things. It melts imported scrap into billet at two plants in Chattogram with 1,300 kt of capacity,…
Fair value ৳45–140 · price ৳95.40 (2026-10-29)