BEML Ltd

About [ edit ]

BEML is engaged in manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex.

  • Market Cap 5,013 Cr.
  • Current Price 1,204
  • High / Low 1,544 / 534
  • Stock P/E 49.5
  • Book Value 505
  • Dividend Yield 0.50 %
  • ROCE 2.48 %
  • ROE 3.07 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 36.17%

Cons

  • The company has delivered a poor sales growth of 1.52% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 3.95% for last 3 years.
  • Earnings include an other income of Rs.53.89 Cr.
  • Company has high debtors of 182.01 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,253 455 734 924 1,368 581 688 694 1,066 391 664 728
1,013 592 689 849 1,115 657 694 667 923 508 625 684
Operating Profit 239 -137 45 75 254 -76 -6 26 144 -117 39 44
OPM % 19% -30% 6% 8% 19% -13% -1% 4% 13% -30% 6% 6%
Other Income 12 5 4 5 9 9 8 6 26 12 6 10
Interest 13 11 14 18 16 12 9 10 10 10 9 8
Depreciation 17 17 18 17 17 18 18 18 18 18 18 16
Profit before tax 222 -160 17 45 230 -97 -26 5 142 -133 18 29
Tax % 15% 0% 0% 0% 29% 0% 0% 0% -31% 0% 0% 0%
Net Profit 188 -160 17 45 162 -97 -26 5 186 -133 18 29
EPS in Rs 45.07 -38.50 4.06 10.73 38.96 -23.26 -6.22 1.16 44.74 -31.88 4.41 7.02

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2,801 2,835 2,652 2,726 2,809 2,912 2,809 2,981 2,499 3,246 3,481 3,029 2,850
2,463 2,558 2,565 2,581 2,833 2,806 2,735 2,833 2,347 2,994 3,244 2,942 2,741
Operating Profit 338 276 88 145 -24 105 75 148 152 251 237 87 109
OPM % 12% 10% 3% 5% -1% 4% 3% 5% 6% 8% 7% 3% 4%
Other Income 116 131 203 76 114 84 60 42 62 25 23 49 54
Interest 39 56 70 111 162 127 76 56 54 48 59 40 36
Depreciation 27 32 34 44 50 54 52 56 62 64 70 71 70
Profit before tax 387 320 187 66 -122 9 7 78 98 164 131 24 57
Tax % 31% 30% 20% 14% 35% 49% 2% 18% 14% 21% 52% -184%
Net Profit 269 223 150 57 -80 5 7 64 84 129 63 68 101
EPS in Rs 64.56 53.51 35.96 13.75 -19.18 1.12 1.62 15.29 20.28 31.08 15.25 16.42 24.29
Dividend Payout % 19% 19% 28% 36% -13% 89% 62% 26% 40% 26% 46% 37%
Compounded Sales Growth
10 Years:1%
5 Years:2%
3 Years:7%
TTM:-14%
Compounded Profit Growth
10 Years:-11%
5 Years:60%
3 Years:-7%
TTM:128%
Stock Price CAGR
10 Years:5%
5 Years:5%
3 Years:2%
1 Year:81%
Return on Equity
10 Years:2%
5 Years:4%
3 Years:4%
Last Year:3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
42 42 42 42 42 42 42 42 42 42 42 42 42
Reserves 1,874 1,996 2,097 2,130 2,038 2,038 2,035 2,087 2,140 2,158 2,145 2,215 2,062
Borrowings 568 909 815 959 1,261 956 643 568 436 445 402 339 309
1,667 1,453 1,291 1,813 1,874 1,784 1,915 1,716 2,129 2,087 2,485 2,564 2,590
Total Liabilities 4,150 4,400 4,245 4,944 5,215 4,819 4,635 4,413 4,746 4,733 5,074 5,161 5,003
255 274 390 529 531 499 469 544 571 583 620 611 587
CWIP 24 32 79 24 142 173 192 104 79 68 25 15 17
Investments 8 8 8 4 4 4 3 3 3 3 3 3 3
3,863 4,085 3,768 4,386 4,538 4,144 3,971 3,761 4,093 4,079 4,426 4,532 4,396
Total Assets 4,150 4,400 4,245 4,944 5,215 4,819 4,635 4,413 4,746 4,733 5,074 5,161 5,003

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-412 98 -158 242 -138 394 548 80 208 128 257 104
-38 -28 -162 -106 -132 -28 -36 -33 -59 -62 -61 -50
193 234 -199 9 155 -427 -384 -104 -160 -100 -129 3
Net Cash Flow -258 304 -519 144 -116 -61 128 -57 -11 -34 67 58

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 14% 9% 5% 1% 4% 3% 5% 6% 8% 7% 2%
Debtor Days 201 175 161 106 112 123 129 148 209 186 169 182
Inventory Turnover 1.18 0.97 0.87 0.67 0.69 0.75 0.77 0.95 0.67 0.92 1.11 0.84

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03 54.03
4.04 3.62 3.09 3.71 4.02 3.65 3.99 2.41 1.44 1.96 1.47 1.36
22.85 22.97 25.35 25.31 25.46 26.02 25.62 26.35 23.99 19.26 22.83 21.29
19.08 19.38 17.53 16.95 16.49 16.31 16.37 17.21 20.54 24.76 21.67 23.32

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