BEML Ltd

BEML Ltd

₹ 3,190 0.02%
28 Mar 4:01 p.m.
About

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]

Key Points

Industries Served[1]
Defence & Aerospace, Coal, Mining, Steel, Cement, Power, Irrigation, Construction, Infrastructure, Railways and Metro Transportation System.

  • Market Cap 13,285 Cr.
  • Current Price 3,190
  • High / Low 4,144 / 1,184
  • Stock P/E 72.2
  • Book Value 563
  • Dividend Yield 0.31 %
  • ROCE 10.9 %
  • ROE 6.44 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 30.3%
  • Debtor days have improved from 155 to 116 days.

Cons

  • Stock is trading at 5.69 times its book value
  • The company has delivered a poor sales growth of 3.74% over past five years.
  • Company has a low return on equity of 5.25% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
728 1,805 451 1,000 1,174 1,684 669 805 1,037 1,388 577 917 1,047
684 1,597 532 971 1,059 1,453 725 763 947 1,101 627 858 991
Operating Profit 44 209 -81 29 116 230 -56 42 89 287 -50 59 56
OPM % 6% 12% -18% 3% 10% 14% -8% 5% 9% 21% -9% 6% 5%
10 0 20 13 0 2 1 1 5 19 1 10 34
Interest 8 12 14 12 20 10 11 11 12 12 10 11 8
Depreciation 16 19 17 17 17 16 16 16 16 16 16 16 16
Profit before tax 29 178 -93 14 79 206 -82 16 67 278 -75 42 67
Tax % 0% 10% 0% 0% 0% 35% 0% 0% 0% 43% 0% -23% 28%
29 160 -93 14 79 134 -82 16 67 158 -75 52 48
EPS in Rs 7.03 38.45 -22.31 3.32 19.02 32.33 -19.79 3.93 16.00 38.03 -17.94 12.53 11.64
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,726 2,809 2,912 2,809 2,981 2,499 3,246 3,481 3,029 3,597 4,337 3,899 3,929
2,610 2,835 2,782 2,735 2,833 2,347 2,994 3,244 2,942 3,406 3,999 3,522 3,577
Operating Profit 117 -26 129 74 148 152 251 237 87 191 339 377 352
OPM % 4% -1% 4% 3% 5% 6% 8% 7% 3% 5% 8% 10% 9%
104 115 60 60 42 62 25 23 49 20 7 22 65
Interest 111 162 127 76 56 54 48 59 40 48 74 57 41
Depreciation 44 50 54 52 56 62 64 70 71 71 66 64 63
Profit before tax 66 -122 9 7 78 98 164 131 24 93 206 279 313
Tax % 14% 35% 49% 2% 18% 14% 21% 52% -184% 19% 35% 43%
57 -80 5 7 64 84 129 63 68 75 135 159 184
EPS in Rs 13.76 -19.20 1.12 1.62 15.30 20.30 31.12 15.26 16.44 17.98 32.35 38.17 44.26
Dividend Payout % 36% -13% 89% 62% 26% 40% 26% 46% 37% 34% 31% 26%
Compounded Sales Growth
10 Years: 3%
5 Years: 4%
3 Years: 9%
TTM: -6%
Compounded Profit Growth
10 Years: 14%
5 Years: 3%
3 Years: 30%
TTM: 36%
Stock Price CAGR
10 Years: 30%
5 Years: 31%
3 Years: 46%
1 Year: 156%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 5%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 42 42 42 42 42 42 42 42 42 42 42 42 42
Reserves 2,130 2,038 2,038 2,035 2,087 2,140 2,158 2,145 2,215 2,183 2,265 2,353 2,300
959 1,261 956 643 568 436 445 402 339 752 832 381 391
1,813 1,874 1,784 1,915 1,716 2,129 2,087 2,485 2,562 2,873 2,624 2,304 2,143
Total Liabilities 4,944 5,215 4,819 4,635 4,413 4,746 4,733 5,074 5,158 5,849 5,763 5,081 4,876
529 531 499 469 544 571 583 620 611 591 551 501 503
CWIP 24 142 173 192 104 79 68 25 15 14 14 23 27
Investments 4 4 4 3 3 3 3 3 3 3 3 3 3
4,386 4,538 4,144 3,971 3,761 4,093 4,079 4,426 4,530 5,241 5,195 4,555 4,343
Total Assets 4,944 5,215 4,819 4,635 4,413 4,746 4,733 5,074 5,158 5,849 5,763 5,081 4,876

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
242 -138 394 548 80 208 128 257 104 1,769 49 568
-106 -132 -28 -36 -33 -59 -62 -61 -50 -2,122 -29 -42
9 155 -427 -384 -104 -160 -100 -129 3 -176 -10 -312
Net Cash Flow 144 -116 -61 128 -57 -11 -34 67 58 -529 11 214

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 106 112 123 129 148 209 186 169 182 191 157 116
Inventory Days 624 542 471 453 370 606 389 327 479 372 328 369
Days Payable 129 108 82 125 87 149 112 140 150 133 85 116
Cash Conversion Cycle 601 546 511 457 431 666 463 356 510 431 400 369
Working Capital Days 342 352 309 266 265 333 260 242 341 357 313 272
ROCE % 5% 1% 4% 3% 5% 6% 8% 7% 2% 5% 9% 11%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03%
1.36% 2.18% 2.80% 4.31% 6.15% 5.91% 5.13% 5.50% 5.44% 6.08% 6.79% 9.12%
21.29% 21.65% 21.78% 21.38% 19.08% 18.75% 20.39% 19.87% 19.72% 19.51% 19.03% 18.97%
23.32% 22.15% 21.39% 20.28% 20.75% 21.32% 20.44% 20.59% 20.79% 20.38% 20.16% 17.87%
No. of Shareholders 1,00,9921,03,18595,28091,32288,26792,71493,05093,52394,76795,0391,01,57699,586

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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