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BEML Overview

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 exca...Read More

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BEML Key Financials

Market Cap ₹14762 Cr.

Stock P/E 50.5

P/B 5.3

Current Price ₹1772.4

Book Value ₹ 333.5

Face Value 5

52W High ₹2437.4

Dividend Yield 0.6%

52W Low ₹ 1361.1

BEML Share Price

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Volume
Price

BEML Quarterly Price

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BEML Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 917 1047 1514 634 860 876 1653 634 839 1083
Other Income 7 34 5 1 15 5 4 9 7 4
Total Income 924 1081 1518 635 875 880 1656 643 846 1087
Total Expenditure 855 991 1143 684 787 815 1230 683 766 1080
Operating Profit 69 90 375 -50 88 65 426 -41 80 7
Interest 11 8 11 9 16 17 13 10 10 12
Depreciation 16 16 17 17 17 19 19 20 20 21
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 42 67 348 -75 55 30 395 -70 50 -25
Provision for Tax -10 19 91 -5 4 5 107 -6 2 -3
Profit After Tax 52 48 257 -70 51 24 288 -64 48 -22
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 52 48 257 -70 51 24 288 -64 48 -22
Adjusted Earnings Per Share 6.2 5.8 30.8 -8.5 6.1 2.9 34.5 -7.7 5.8 -2.7

BEML Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2802 2975 2494 3239 3474 3025 3597 4337 3899 4054 4022 4209
Other Income 60 42 63 25 55 79 20 6 24 42 24 24
Total Income 2862 3017 2557 3264 3529 3105 3617 4343 3923 4097 4046 4232
Total Expenditure 2728 2825 2341 2980 3261 2966 3410 4003 3524 3601 3508 3759
Operating Profit 134 191 216 284 268 139 207 340 399 496 538 472
Interest 76 56 55 55 67 47 48 74 57 50 63 45
Depreciation 53 57 63 65 71 72 71 66 64 64 71 80
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 79 98 164 130 19 87 200 278 382 404 350
Provision for Tax -0 14 14 34 67 -44 18 71 120 100 111 100
Profit After Tax 6 64 85 130 63 64 69 129 158 282 293 250
Adjustments 0 -0 -0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 6 64 85 130 63 64 69 129 158 282 293 250
Adjusted Earnings Per Share 0.7 7.7 10.2 15.6 7.6 7.7 8.3 15.5 19 33.8 35.1 29.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -1% -2% 6% 4%
Operating Profit CAGR 8% 17% 31% 15%
PAT CAGR 4% 31% 36% 48%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 43% 25% 14%
ROE Average 11% 9% 7% 5%
ROCE Average 16% 14% 11% 8%

BEML Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2077 2129 2182 2201 2187 2253 2214 2357 2421 2668 2887
Minority's Interest 0 0 0 0 0 0 -0 -0 -0 -0 -0
Borrowings 414 363 311 304 303 201 100 0 0 0 0
Other Non-Current Liabilities 380 420 406 362 392 970 1133 1162 694 778 1016
Total Current Liabilities 1626 1356 1695 1712 2012 1437 2121 2037 1786 1887 1867
Total Liabilities 4497 4268 4594 4580 4895 4861 5568 5555 4902 5332 5771
Fixed Assets 482 557 583 595 631 621 601 621 505 528 580
Other Non-Current Assets 424 333 192 154 89 80 83 87 99 114 192
Total Current Assets 3591 3378 3819 3831 4175 4160 4883 4844 4254 4647 4947
Total Assets 4497 4268 4594 4580 4895 4861 5568 5555 4902 5332 5771

BEML Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 18 -32 -89 -100 -133 -68 -11 -537 -521 -313 -53
Cash Flow from Operating Activities 548 80 209 130 257 106 -301 51 560 458 183
Cash Flow from Investing Activities -36 -33 -59 -62 -62 -51 -49 -25 -20 -68 -205
Cash Flow from Financing Activities -384 -105 -160 -101 -129 3 -177 -10 -331 -130 -139
Net Cash Inflow / Outflow 128 -57 -11 -33 65 57 -527 16 208 260 -162
Closing Cash & Cash Equivalent 146 -89 -100 -133 -68 -10 -537 -521 -313 -53 -214

BEML Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.71 7.73 10.18 15.57 7.59 7.67 8.27 15.46 18.96 33.84 35.13
CEPS(Rs) 7.08 14.52 17.72 23.42 16.08 16.34 16.82 23.42 26.65 41.49 43.69
DPS(Rs) 0.5 2 4 4 3.5 3 3 5 5 10.25 10.6
Book NAV/Share(Rs) 249.33 255.65 262.01 264.26 262.61 270.46 265.86 282.94 290.72 320.31 346.65
Core EBITDA Margin(%) 2.48 4.55 5.41 7.85 6.15 1.97 5.19 7.7 9.62 11.19 12.79
EBIT Margin(%) 2.72 4.12 5.4 6.63 5.69 2.2 3.76 6.3 8.58 10.66 11.6
Pre Tax Margin(%) 0.18 2.4 3.47 4.97 3.75 0.64 2.42 4.6 7.12 9.41 10.04
PAT Margin (%) 0.2 1.96 3 3.93 1.82 2.11 1.91 2.96 4.05 6.95 7.27
Cash Profit Margin (%) 1.97 3.69 5.22 5.91 3.85 4.5 3.89 4.5 5.69 8.52 9.05
ROA(%) 0.13 1.47 1.91 2.83 1.33 1.31 1.32 2.31 3.02 5.51 5.27
ROE(%) 0.28 3.06 3.93 5.92 2.88 2.87 3.08 5.63 6.61 11.07 10.53
ROCE(%) 2.83 4.98 5.75 8.31 7.54 2.57 4.87 8.91 11.21 15.65 16
Receivable days 120.14 122.44 170.16 170.5 171.5 188.33 172.14 157.61 145.01 120.45 142.25
Inventory Days 249.51 202.18 237.47 209.49 184.73 224.23 202.1 170.32 193.51 194.34 210.32
Payable days 109.85 104.19 138.13 110.19 121.26 164.07 125.74 98.28 105.87 125.26 133.12
PER(x) 767.1 67.04 66.85 33.53 66.79 29.54 75.87 58.76 33.14 47.04 45.83
Price/Book(x) 2.19 2.03 2.6 1.98 1.93 0.84 2.36 3.21 2.16 4.97 4.64
Dividend Yield(%) 0.09 0.39 0.59 0.77 0.69 1.32 0.48 0.55 0.8 0.64 0.66
EV/Net Sales(x) 1.8 1.62 2.44 1.48 1.32 0.73 1.66 1.93 1.43 3.28 3.39
EV/Core EBITDA(x) 37.6 25.17 28.23 16.87 17.12 15.83 28.89 24.6 13.96 26.84 25.32
Net Sales Growth(%) -3.5 6.16 -16.15 29.86 7.26 -12.92 18.89 20.59 -10.11 3.99 -0.79
EBIT Growth(%) -40.5 65.73 13.34 43.02 -9.69 -66.3 102.99 102.23 22.44 29.14 8
PAT Growth(%) -2.4 987.3 31.66 52.96 -51.29 0.83 7.88 87.17 22.79 78.46 3.81
EPS Growth(%) -2.81 985.63 31.66 52.98 -51.28 1.05 7.92 86.92 22.61 78.45 3.82
Debt/Equity(x) 0.31 0.27 0.2 0.2 0.18 0.15 0.34 0.35 0.15 0.02 0.08
Current Ratio(x) 2.21 2.49 2.25 2.24 2.07 2.9 2.3 2.38 2.38 2.46 2.65
Quick Ratio(x) 1.02 1.24 1.09 1.18 1.23 1.5 1.37 1.36 1.23 1.27 1.37
Interest Cover(x) 1.07 2.4 2.8 4 2.94 1.41 2.81 3.72 5.88 8.56 7.42
Total Debt/Mcap(x) 0.14 0.13 0.08 0.1 0.1 0.18 0.14 0.11 0.07 0 0.02

BEML Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03
FII 9.12 9.91 6.76 5.66 7.41 7.27 5.67 5.82 5.51 5.59
DII 18.97 17.78 20.14 18.52 18.1 18.69 18.79 18.53 18.38 18.7
Public 17.88 18.28 19.07 21.79 20.46 20.01 21.52 21.62 22.09 21.68
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

BEML News

BEML Pros & Cons

Pros

  • Company has delivered good profit growth of 35% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 125.26 to 133.12days.
  • Stock is trading at 5.3 times its book value.
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