Beco Steel Limited posted its highest ever net profit and net sales during the 2026 fiscal year. The company, which was previously known as Ravi Textile Mills, is a public limited company incorporated in Pakistan as an integrated steel producer.
Chaudhry Muhammad Shafique and Muhammad Ahmed Raza acquired management control and 51 percent of the company's shares in March 2020. These new shareholders transitioned the business from textiles to steel, leading to a reduction in the workforce from 17 employees in 2019 to 4 in 2020.
Beco Steel Limited began its steel operations on a toll manufacturing basis in July 2021. Net sales of Rs.230.77 million were recorded in 2021, before the company's topline multiplied by 2634.46 percent to reach Rs.6310.32 million in 2022.
The company recorded net losses in 2023 and 2024, with sales dwindling by 40.54 percent to Rs.3752.11 million in 2023 and plummeting by 17.43 percent to Rs.3098.02 million in 2024. Gross profit reached Rs.223.36 million in 2024, while liabilities worth Rs.110.079 million were written back during the same period.
Workforce numbers fluctuated as the company streamlined from 160 employees in 2022 to 34 in 2023, before expanding to 46 employees in 2024. As of 30 June 2026, 16,195 shareholders held 1249.625 million outstanding shares, with directors and sponsors holding 47.52 percent and the local general public holding 29.43 percent.
Chaudhry Steel Re-rolling Mills (Private) Limited maintains a 21.94 percent stake in the company. Beco Steel Limited reported no sales for four consecutive years following 2016, though it posted a net profit in 2020 from other income.
