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BEML

₹3143.5 35.2 | 1.1%

Market Cap ₹13091 Cr.

Stock P/E 46.5

P/B 4.8

Current Price ₹3143.5

Book Value ₹ 654

Face Value 10

52W High ₹5489.2

Dividend Yield 0.65%

52W Low ₹ 2346.4

BEML Research see more...

Overview Inc. Year: 1964Industry: Construction Vehicles

BEML Ltd is an India-based corporation, which operates beneath 3 essential enterprise verticals, inclusive of Defence and Aerospace, Mining and Construction, and Rail and Metro. Its Defence and Aerospace business manufactures and components defense ground support equipment, consisting of Tatra-based high mobility vehicles, aircraft towing tractors, medium and heavy recuperation vehicle, pontoon mainstream bridge systems and others. Its Mining and Construction commercial enterprise, manufactures and supplies device, which includes hydraulic excavators, bulldozers, wheel loaders, wheel dozers, dump trucks, motor graders, pipe layers, tire handlers, water sprinklers and backhoe loaders to numerous consumer segments. Its Rail and Metro commercial enterprise, manufactures and supplies rail coaches, metro vehicles, alternating current electric multiple units (ACEMUs), overhead device (OHE) vehicles, metal and aluminum wagons to the rail and metro zone. It has 4 manufacturing complexes located at Bengaluru, Kolar Gold Fields, Mysuru and Palakkad.

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BEML Share Price

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BEML Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 805 1037 1388 577 917 1047 1514 634 860 876
Other Income 1 5 19 1 7 34 5 1 15 5
Total Income 806 1042 1407 578 924 1081 1518 635 875 880
Total Expenditure 763 948 1101 627 855 991 1143 684 787 815
Operating Profit 43 94 306 -49 69 90 375 -50 88 65
Interest 11 12 12 10 11 8 11 9 16 17
Depreciation 16 16 16 16 16 16 17 17 17 19
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 16 66 278 -75 42 67 348 -75 55 30
Provision for Tax 0 0 120 0 -10 19 91 -5 4 5
Profit After Tax 16 66 158 -75 52 48 257 -70 51 24
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 16 66 158 -75 52 48 257 -70 51 24
Adjusted Earnings Per Share 3.9 15.9 37.9 -18 12.4 11.6 61.7 -16.9 12.3 5.9

BEML Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 2904 2802 2975 2494 3239 3474 3025 3597 4337 3899 4054 3884
Other Income 72 60 42 63 25 55 79 20 6 24 42 26
Total Income 2975 2862 3017 2557 3264 3529 3105 3617 4343 3923 4097 3908
Total Expenditure 2800 2728 2825 2341 2980 3261 2966 3410 4003 3524 3601 3429
Operating Profit 175 134 191 216 284 268 139 207 340 399 496 478
Interest 127 76 56 55 55 67 47 48 74 57 50 53
Depreciation 54 53 57 63 65 71 72 71 66 64 64 70
Exceptional Income / Expenses 16 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 10 5 79 98 164 130 19 87 200 278 382 358
Provision for Tax 4 -0 14 14 34 67 -44 18 71 120 100 95
Profit After Tax 6 6 64 85 130 63 64 69 129 158 282 262
Adjustments 0 0 -0 -0 -0 0 0 0 0 0 0 0
Profit After Adjustments 6 6 64 85 130 63 64 69 129 158 282 262
Adjusted Earnings Per Share 1.5 1.4 15.5 20.4 31.1 15.2 15.3 16.5 30.9 37.9 67.7 63

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 4% 3% 3%
Operating Profit CAGR 24% 34% 13% 11%
PAT CAGR 78% 60% 35% 47%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% 21% 40% 11%
ROE Average 11% 8% 6% 4%
ROCE Average 16% 12% 9% 7%

BEML Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 2081 2077 2129 2182 2201 2187 2253 2214 2357 2421 2668
Minority's Interest 0 0 0 0 0 0 0 -0 -0 -0 -0
Borrowings 465 414 363 311 304 303 201 100 0 0 0
Other Non-Current Liabilities 416 380 420 406 362 392 970 1133 1162 694 778
Total Current Liabilities 1708 1626 1356 1695 1712 2012 1437 2121 2037 1786 1887
Total Liabilities 4671 4497 4268 4594 4580 4895 4861 5568 5555 4902 5332
Fixed Assets 513 482 557 583 595 631 621 601 621 505 528
Other Non-Current Assets 471 424 333 192 154 89 80 83 87 99 114
Total Current Assets 3687 3591 3378 3819 3831 4175 4160 4883 4844 4254 4647
Total Assets 4671 4497 4268 4594 4580 4895 4861 5568 5555 4902 5332

BEML Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 78 18 -32 -89 -100 -133 -68 -11 -537 -521 -313
Cash Flow from Operating Activities 394 548 80 209 130 257 106 -301 51 560 458
Cash Flow from Investing Activities -28 -36 -33 -59 -62 -62 -51 -49 -25 -20 -68
Cash Flow from Financing Activities -427 -384 -105 -160 -101 -129 3 -177 -10 -331 -130
Net Cash Inflow / Outflow -61 128 -57 -11 -33 65 57 -527 16 208 260
Closing Cash & Cash Equivalent 18 146 -89 -100 -133 -68 -10 -537 -521 -313 -53

BEML Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 1.47 1.42 15.46 20.35 31.14 15.17 15.33 16.55 30.93 37.92 67.67
CEPS(Rs) 14.5 14.15 29.05 35.44 46.84 32.15 32.67 33.64 46.84 53.3 82.99
DPS(Rs) 1 1 4 8 8 7 6 6 10 10 20.5
Book NAV/Share(Rs) 499.68 498.65 511.3 524.02 528.52 525.22 540.92 531.71 565.88 581.43 640.62
Core EBITDA Margin(%) 3.32 2.48 4.55 5.41 7.85 6.15 1.97 5.19 7.7 9.62 11.19
EBIT Margin(%) 4.4 2.72 4.12 5.4 6.63 5.69 2.2 3.76 6.3 8.58 10.66
Pre Tax Margin(%) 0.32 0.18 2.4 3.47 4.97 3.75 0.64 2.42 4.6 7.12 9.41
PAT Margin (%) 0.2 0.2 1.96 3 3.93 1.82 2.1 1.91 2.96 4.05 6.95
Cash Profit Margin (%) 1.94 1.97 3.69 5.22 5.91 3.85 4.5 3.89 4.5 5.69 8.52
ROA(%) 0.12 0.13 1.47 1.91 2.83 1.33 1.31 1.32 2.31 3.02 5.51
ROE(%) 0.29 0.28 3.06 3.93 5.92 2.88 2.87 3.08 5.63 6.61 11.07
ROCE(%) 4.29 2.83 4.98 5.75 8.31 7.54 2.57 4.87 8.91 11.21 15.65
Receivable days 107.86 120.14 122.44 170.16 170.5 171.5 188.33 172.14 157.61 145.01 120.45
Inventory Days 271.51 249.51 202.18 237.47 209.49 184.73 224.23 202.1 170.32 193.51 194.34
Payable days 95.54 109.85 104.19 138.13 110.19 121.26 164.07 125.74 98.28 105.87 125.26
PER(x) 199.02 767.1 67.04 66.85 33.53 66.79 29.54 75.87 58.76 33.14 47.04
Price/Book(x) 0.58 2.19 2.03 2.6 1.98 1.93 0.84 2.36 3.21 2.16 4.97
Dividend Yield(%) 0.34 0.09 0.39 0.59 0.77 0.69 1.32 0.48 0.55 0.8 0.64
EV/Net Sales(x) 0.74 1.8 1.62 2.44 1.48 1.32 0.73 1.66 1.93 1.43 3.28
EV/Core EBITDA(x) 12.29 37.6 25.17 28.23 16.87 17.12 15.83 28.89 24.6 13.96 26.84
Net Sales Growth(%) 3.66 -3.5 6.16 -16.15 29.86 7.26 -12.92 18.89 20.59 -10.11 3.99
EBIT Growth(%) 273.72 -40.5 65.73 13.34 43.02 -9.69 -66.3 102.99 102.23 22.44 29.14
PAT Growth(%) 107.28 -2.4 987.3 31.66 52.96 -51.29 0.83 7.88 87.17 22.79 78.46
EPS Growth(%) 107.33 -2.81 985.63 31.66 52.98 -51.28 1.05 7.92 86.92 22.61 78.45
Debt/Equity(x) 0.46 0.31 0.27 0.2 0.2 0.18 0.15 0.34 0.35 0.15 0.02
Current Ratio(x) 2.16 2.21 2.49 2.25 2.24 2.07 2.9 2.3 2.38 2.38 2.46
Quick Ratio(x) 0.89 1.02 1.24 1.09 1.18 1.23 1.5 1.37 1.36 1.23 1.27
Interest Cover(x) 1.08 1.07 2.4 2.8 4 2.94 1.41 2.81 3.72 5.88 8.56
Total Debt/Mcap(x) 0.79 0.14 0.13 0.08 0.1 0.1 0.18 0.14 0.11 0.07 0

BEML Shareholding Pattern

# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03
FII 5.49 5.45 6.08 6.79 9.12 9.91 6.76 5.66 7.41 7.27
DII 19.87 19.72 19.51 19.03 18.97 17.78 20.14 18.52 18.1 18.69
Public 20.61 20.8 20.38 20.15 17.88 18.28 19.07 21.79 20.46 20.01
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 34% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 105.87 to 125.26days.
  • Stock is trading at 4.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

BEML News

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