BEML Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2015 • Mining & Construction: 58.7% • Railway Customers: 35.4% • Defence Customers: 5.7%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.94x)
- Company has a consistent dividend-paying track record
CONS
- Recent results are weak - TTM profit is down 60.1% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of 8.8% over last 3 years
- Valuation is stretched - P/E of 94.5 is well above its own 5-year median (47.0)
- Company has delivered a poor sales growth of 3.9% over past five years
- Total debt has risen sharply - up 33.7% year on year
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BEML | 2024.05 | 94.46 | 16858.11 | 0.84 | -27.01 | 57.87 | 819.62 | 29.28 | 7.94 | 0.24 |
| ACE | 1129.40 | 30.79 | 13449.26 | 0.18 | 1194.90 | 1122.78 | 7856.80 | 1104.88 | 31.80 | 15.00 |
| SANGHVIMOV | 427.25 | 18.56 | 3698.96 | 0.47 | 65.25 | 29.84 | 379.67 | 38.89 | 16.24 | 33.05 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 577 | 917 | 1,047 | 1,514 | 634 | 860 | 876 | 1,653 | 634 | 839 | 1,083 | 1,794 | 820 | |
| 627 | 855 | 991 | 1,143 | 684 | 787 | 815 | 1,230 | 683 | 766 | 1,080 | 1,523 | 855 | |
| Operating Profit | -51 | 61 | 56 | 370 | -50 | 73 | 60 | 423 | -49 | 73 | 4 | 272 | -35 |
| OPM % | -8.76% | 6.70% | 5.34% | 24.47% | -7.91% | 8.48% | 6.89% | 25.57% | -7.77% | 8.72% | 0.33% | 15.13% | -4.31% |
| 1 | 7 | 34 | 5 | 1 | 15 | 5 | 4 | 9 | 7 | 4 | 10 | 2 | |
| Interest | 10 | 11 | 8 | 11 | 9 | 16 | 17 | 13 | 10 | 10 | 12 | 14 | 14 |
| Depreciation | 16 | 16 | 16 | 17 | 17 | 17 | 19 | 19 | 20 | 20 | 21 | 22 | 23 |
| Profit before Tax | -75 | 42 | 67 | 348 | -75 | 55 | 30 | 395 | -70 | 50 | -25 | 245 | -34 |
| Tax % | -0.00% | -22.76% | 27.90% | 26.12% | 6.51% | 6.78% | 17.48% | 27.17% | 8.78% | 4.51% | 11.92% | 26.59% | 19.90% |
| Net Profit | -75 | 52 | 0 | 0 | -70 | 51 | 24 | 288 | -64 | 48 | -22 | 180 | -27 |
| -18.01 | 12.43 | 11.57 | 61.66 | -16.92 | 12.25 | 2.93 | 69.05 | -15.40 | 11.53 | -2.69 | 21.59 | -3.24 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,494 | 3,239 | 3,474 | 3,025 | 3,597 | 4,337 | 3,899 | 4,054 | 4,022 | 4,351 | 4,536 | |
| 2,341 | 2,980 | 3,261 | 2,966 | 3,410 | 4,003 | 3,524 | 3,601 | 3,508 | 4,045 | 4,223 | |
| Operating Profit | 153 | 259 | 214 | 60 | 187 | 334 | 375 | 454 | 514 | 305 | 313 |
| OPM % | 6.14% | 8.00% | 6.15% | 1.97% | 5.19% | 7.70% | 9.62% | 11.19% | 12.79% | 7.02% | 6.90% |
| 63 | 25 | 55 | 79 | 20 | 6 | 24 | 42 | 24 | 29 | 22 | |
| Interest | 55 | 55 | 67 | 47 | 48 | 74 | 57 | 50 | 63 | 52 | 49 |
| Depreciation | 63 | 65 | 71 | 72 | 71 | 66 | 64 | 64 | 71 | 83 | 87 |
| Profit before Tax | 98 | 164 | 130 | 19 | 87 | 200 | 278 | 382 | 404 | 200 | 236 |
| Tax % | 13.74% | 20.96% | 51.58% | -228.87% | 21.14% | 35.62% | 43.15% | 26.16% | 27.55% | 29.16% | 24.42% |
| Net Profit | 85 | 130 | 63 | 64 | 69 | 129 | 158 | 282 | 293 | 141 | 178 |
| EPS | 20.36 | 31.14 | 15.17 | 15.29 | 16.50 | 30.88 | 37.91 | 67.67 | 70.26 | 17.00 | — |
| Dividend Payout % | 39.31% | 25.69% | 46.14% | 39.14% | 36.26% | 32.33% | 26.37% | 30.29% | 30.18% | 100.60% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 4%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 8%
- 5 Years:
- 15%
- 3 Years:
- -4%
STOCK PRICE CAGR
- 10 Years:
- 14%
- 5 Years:
- 25%
- 3 Years:
- 21%
- 1 Year:
- 0%
RETURN ON EQUITY
- 10 Years:
- 6%
- 5 Years:
- 8%
- 3 Years:
- 9%
- Last Year:
- 5%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
| Minority Interest | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -1 |
| 2,141 | 2,159 | 2,146 | 2,211 | 2,173 | 2,315 | 2,380 | 2,626 | 2,846 | 2,892 | |
| 768 | 774 | 736 | 1,332 | 1,864 | 1,904 | 927 | 715 | 1,068 | 1,222 | |
| Trade Payables | 501 | 540 | 767 | 663 | 742 | 561 | 678 | 760 | 710 | 1,024 |
| 1,143 | 1,065 | 1,204 | 614 | 748 | 734 | 875 | 1,190 | 1,106 | 1,660 | |
| Total Liabilities | 4,594 | 4,580 | 4,895 | 4,861 | 5,568 | 5,555 | 4,902 | 5,332 | 5,771 | 6,839 |
| 583 | 595 | 631 | 621 | 601 | 621 | 505 | 528 | 580 | 684 | |
| Capital Work in Progress | 79 | 68 | 25 | 15 | 9 | 6 | 9 | 37 | 107 | 276 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 8 | |
| 1,979 | 1,807 | 1,710 | 2,008 | 1,975 | 2,073 | 2,061 | 2,256 | 2,379 | 2,338 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,439 | 1,696 | 2,274 | |
| Cash & Bank | 15 | 2 | 31 | 28 | 5 | 34 | 39 | 9 | 5 | 37 |
| 1,937 | 2,108 | 2,497 | 2,189 | 2,977 | 2,821 | 2,287 | 1,063 | 998 | 1,222 | |
| Total Assets | 4,594 | 4,580 | 4,895 | 4,861 | 5,568 | 5,555 | 4,902 | 5,332 | 5,771 | 6,839 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 127 | 146 | 282 | 33 | -290 | 86 | 650 | 458 | 99 | 118 | |
| Cash from Investing | -59 | -62 | -62 | -51 | -49 | -25 | -20 | -68 | -210 | -354 |
| Cash from Financing | -160 | -101 | -129 | 3 | -177 | -10 | -331 | -130 | 107 | 238 |
| -11 | -33 | 65 | 57 | -527 | 16 | 208 | 260 | -4 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - BEML Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-03 - BEML Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 22-Sep-2026.
2026-09-03 - BEML Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-09-02 - BEML Limited has informed the Exchange about Bagging/Receiving of orders/contracts
2026-08-31 - BEML Limited has informed the Exchange regarding Cessation of Mr Shivakumar HG, ED(Offg.)- FPIIC of the company w.e.f. August 31, 2026.
2026-08-31 - BEML Limited has informed the Exchange regarding Cessation of Mr Shri Anil Jerath as Executive Director of the company w.e.f. August 31, 2026.
2026-08-21 - BEML Limited has informed the Exchange regarding Appointment of Independent Directors on the Board of M/s. BEML Limited.
2026-08-19 - BEML Limited has informed the Exchange about Transcript
2026-08-18 - BEML Limited has informed the Exchange that Pursuant to Article 95 and 97(1) & (2) of the Articles of Association of the Company, vide letter dated 18.08.2026, the President of India has appointed the following persons as Independent Directors (IDs) (Non-Official Directors) on the Board of Company:1. Smt. Promila Kundara 2. Shri Shankar Lal Agrawal 3. Shri Karunakaran Nambiar K Detail as required under schedule III, part A, para A (7) of SEBI (LODR) Regulation, 2015 including DIN will be communicate to Exchange upon receipt from the respective persons.This is a preliminary information.
News
Recent coverage and analyst commentary for BEML
Loading news…
AI Stock Analyst
BEML Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account