BEML Ltd
BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces and coaches for the metro and Indian Railways.[1]
- Market Cap ₹ 15,521 Cr.
- Current Price ₹ 3,727
- High / Low ₹ 5,489 / 2,346
- Stock P/E 52.7
- Book Value ₹ 686
- Dividend Yield 0.57 %
- ROCE 15.9 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 34.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.2%
Cons
- Stock is trading at 5.42 times its book value
- The company has delivered a poor sales growth of 5.84% over past five years.
- Company has a low return on equity of 9.56% over last 3 years.
- Company has high debtors of 154 days.
* 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.
Peer comparison
Sector: Aerospace & Defence Industry: Engineering
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Smallcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,912 | 2,809 | 2,981 | 2,499 | 3,246 | 3,481 | 3,029 | 3,597 | 4,337 | 3,899 | 4,054 | 4,022 | |
2,782 | 2,735 | 2,833 | 2,347 | 2,994 | 3,244 | 2,942 | 3,406 | 3,999 | 3,522 | 3,600 | 3,516 | |
Operating Profit | 129 | 74 | 148 | 152 | 251 | 237 | 87 | 191 | 339 | 377 | 454 | 506 |
OPM % | 4% | 3% | 5% | 6% | 8% | 7% | 3% | 5% | 8% | 10% | 11% | 13% |
60 | 60 | 42 | 62 | 25 | 23 | 49 | 20 | 7 | 22 | 43 | 25 | |
Interest | 127 | 76 | 56 | 54 | 48 | 59 | 40 | 48 | 74 | 57 | 50 | 54 |
Depreciation | 54 | 52 | 56 | 62 | 64 | 70 | 71 | 71 | 66 | 64 | 64 | 71 |
Profit before tax | 9 | 7 | 78 | 98 | 164 | 131 | 24 | 93 | 206 | 279 | 383 | 405 |
Tax % | 49% | 2% | 18% | 14% | 21% | 52% | -184% | 19% | 35% | 43% | 26% | 27% |
5 | 7 | 64 | 84 | 129 | 63 | 68 | 75 | 135 | 159 | 283 | 294 | |
EPS in Rs | 1.12 | 1.62 | 15.30 | 20.30 | 31.12 | 15.26 | 16.44 | 17.98 | 32.35 | 38.17 | 68.03 | 70.72 |
Dividend Payout % | 89% | 62% | 26% | 40% | 26% | 46% | 37% | 34% | 31% | 26% | 30% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 6% |
3 Years: | -2% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 47% |
5 Years: | 34% |
3 Years: | 30% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 51% |
3 Years: | 52% |
1 Year: | -19% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 10% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
Reserves | 2,038 | 2,035 | 2,087 | 2,140 | 2,158 | 2,145 | 2,215 | 2,183 | 2,265 | 2,353 | 2,601 | 2,812 |
956 | 643 | 568 | 436 | 445 | 402 | 339 | 752 | 832 | 381 | 71 | 229 | |
1,784 | 1,915 | 1,716 | 2,129 | 2,087 | 2,485 | 2,562 | 2,873 | 2,624 | 2,304 | 2,853 | 2,757 | |
Total Liabilities | 4,819 | 4,635 | 4,413 | 4,746 | 4,733 | 5,074 | 5,158 | 5,849 | 5,763 | 5,081 | 5,566 | 5,839 |
499 | 469 | 544 | 571 | 583 | 620 | 611 | 591 | 551 | 501 | 524 | 576 | |
CWIP | 173 | 192 | 104 | 79 | 68 | 25 | 15 | 14 | 14 | 23 | 37 | 107 |
Investments | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 8 |
4,144 | 3,971 | 3,761 | 4,093 | 4,079 | 4,426 | 4,530 | 5,241 | 5,195 | 4,555 | 5,003 | 5,148 | |
Total Assets | 4,819 | 4,635 | 4,413 | 4,746 | 4,733 | 5,074 | 5,158 | 5,849 | 5,763 | 5,081 | 5,566 | 5,839 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
394 | 548 | 80 | 208 | 128 | 257 | 104 | 1,769 | 49 | 565 | 457 | 172 | |
-28 | -36 | -33 | -59 | -62 | -61 | -50 | -2,122 | -39 | -42 | -67 | -194 | |
-427 | -384 | -104 | -160 | -100 | -129 | 3 | -176 | 0 | -309 | -130 | -140 | |
Net Cash Flow | -61 | 128 | -57 | -11 | -34 | 67 | 58 | -529 | 11 | 214 | 260 | -162 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 123 | 129 | 148 | 209 | 186 | 169 | 182 | 191 | 157 | 116 | 130 | 154 |
Inventory Days | 471 | 453 | 370 | 606 | 389 | 327 | 479 | 372 | 328 | 369 | 418 | 431 |
Days Payable | 82 | 125 | 87 | 149 | 112 | 140 | 150 | 133 | 85 | 116 | 132 | 129 |
Cash Conversion Cycle | 511 | 457 | 431 | 666 | 463 | 356 | 510 | 431 | 400 | 369 | 416 | 456 |
Working Capital Days | 309 | 266 | 265 | 333 | 260 | 242 | 341 | 357 | 313 | 272 | 268 | 300 |
ROCE % | 4% | 3% | 5% | 6% | 8% | 7% | 2% | 5% | 9% | 11% | 16% | 16% |
Documents
Announcements
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Information To Investors
2d - BEML Q4 highlights: Rs 15,139 Cr order book start, Rs 1,035 Cr new orders, Rs 2,379 Cr inventory, Rs 218 Cr borrowings.
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Financial Results For The Quarter And Year Ended 31.03.2025
2d - BEML reports FY 2024-25 audited financials; profit Rs 29,419 lakhs; final dividend deferred; audit unmodified.
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Board Meeting Outcome for Outcome Of The Board Meeting
2d - BEML reports FY 2024-25 audited financials; board defers final dividend; audit unmodified opinion.
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Board Meeting Intimation for Consider And Approve The Standalone And Consolidated Audited Financial Results For The Financial Year Ended 31.03.2025 And Recommend The Final Dividend For The FY 2024-25 On Equity Shares, If Any.
16 May - Board meeting on May 23 to approve FY25 audited results and recommend final dividend.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Newspaper Advertisement for Loss of Share Certificate(s).
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Dec 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Dec 2023Transcript PPT REC
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Jun 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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Dec 2016TranscriptNotesPPT
Industries Served[1]
Defence & Aerospace, Coal, Mining, Steel, Cement, Power, Irrigation, Construction, Infrastructure, Railways and Metro Transportation System.