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 ₹ 14,504 Cr.
- Current Price ₹ 1,741
- High / Low ₹ 2,437 / 1,355
- Stock P/E 103
- Book Value ₹ 352
- Dividend Yield 0.61 %
- ROCE 7.71 %
- ROE 4.86 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 30.2%
Cons
- Stock is trading at 4.94 times its book value
- The company has delivered a poor sales growth of 3.88% over past five years.
- Company has a low return on equity of 8.66% over last 3 years.
- Company has high debtors of 191 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,802 | 2,975 | 2,494 | 3,239 | 3,474 | 3,025 | 3,597 | 4,337 | 3,899 | 4,054 | 4,022 | 4,351 | |
| 2,728 | 2,825 | 2,341 | 2,986 | 3,237 | 2,942 | 3,419 | 4,012 | 3,530 | 3,609 | 3,516 | 4,052 | |
| Operating Profit | 74 | 149 | 153 | 253 | 238 | 84 | 178 | 325 | 369 | 445 | 506 | 299 |
| OPM % | 3% | 5% | 6% | 8% | 7% | 3% | 5% | 8% | 9% | 11% | 13% | 7% |
| 60 | 42 | 63 | 25 | 23 | 49 | 20 | 6 | 22 | 42 | 24 | 29 | |
| Interest | 76 | 56 | 55 | 48 | 60 | 41 | 39 | 65 | 49 | 42 | 54 | 45 |
| Depreciation | 53 | 57 | 63 | 65 | 71 | 72 | 71 | 66 | 64 | 64 | 71 | 83 |
| Profit before tax | 5 | 79 | 98 | 164 | 130 | 19 | 87 | 200 | 278 | 382 | 404 | 200 |
| Tax % | -9% | 18% | 14% | 21% | 52% | -229% | 21% | 36% | 43% | 26% | 28% | 29% |
| 6 | 64 | 85 | 130 | 63 | 64 | 69 | 129 | 158 | 282 | 293 | 141 | |
| EPS in Rs | 0.71 | 7.73 | 10.18 | 15.57 | 7.58 | 7.67 | 8.27 | 15.46 | 18.96 | 33.83 | 35.12 | 16.97 |
| Dividend Payout % | 70% | 26% | 39% | 26% | 46% | 39% | 36% | 32% | 26% | 30% | 29% | 32% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 16% |
| 3 Years: | -2% |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 27% |
| 3 Years: | 33% |
| 1 Year: | -20% |
| 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 2015 | Mar 2016 | 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 | 42 | 42 |
| Reserves | 2,035 | 2,088 | 2,141 | 2,159 | 2,146 | 2,211 | 2,173 | 2,315 | 2,380 | 2,626 | 2,846 | 2,892 |
| 645 | 569 | 438 | 446 | 404 | 341 | 752 | 832 | 381 | 71 | 229 | 309 | |
| 1,921 | 1,722 | 2,137 | 2,097 | 2,495 | 2,570 | 2,877 | 2,624 | 2,304 | 2,852 | 2,928 | 3,768 | |
| Total Liabilities | 4,643 | 4,420 | 4,757 | 4,744 | 5,086 | 5,163 | 5,843 | 5,813 | 5,107 | 5,591 | 6,044 | 7,011 |
| 482 | 557 | 583 | 595 | 631 | 621 | 601 | 621 | 505 | 528 | 580 | 705 | |
| CWIP | 192 | 104 | 79 | 68 | 25 | 15 | 14 | 14 | 23 | 37 | 107 | 276 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 8 |
| 3,969 | 3,759 | 4,094 | 4,081 | 4,430 | 4,527 | 5,228 | 5,178 | 4,579 | 5,026 | 5,351 | 6,022 | |
| Total Assets | 4,643 | 4,420 | 4,757 | 4,744 | 5,086 | 5,163 | 5,843 | 5,813 | 5,107 | 5,591 | 6,044 | 7,011 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 548 | 80 | 209 | 130 | 257 | 106 | -301 | 51 | 560 | 458 | 183 | 118 | |
| -36 | -33 | -59 | -62 | -62 | -51 | -49 | -25 | -20 | -68 | -205 | -354 | |
| -384 | -105 | -160 | -101 | -129 | 3 | -177 | -10 | -331 | -130 | -139 | 238 | |
| Net Cash Flow | 128 | -57 | -11 | -33 | 65 | 57 | -527 | 16 | 208 | 260 | -162 | 2 |
| Free Cash Flow | 502 | 53 | 144 | 64 | 192 | 54 | -351 | 30 | 551 | 358 | -8 | -208 |
| CFO/OP | 722% | 64% | 83% | 58% | 119% | 39% | -169% | 26% | 176% | 116% | 60% | 68% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 129 | 148 | 209 | 186 | 170 | 182 | 191 | 157 | 116 | 130 | 154 | 191 |
| Inventory Days | 460 | 375 | 615 | 395 | 331 | 482 | 373 | 328 | 369 | 418 | 462 | 375 |
| Days Payable | 127 | 89 | 152 | 114 | 142 | 152 | 133 | 85 | 116 | 132 | 129 | 164 |
| Cash Conversion Cycle | 462 | 434 | 673 | 467 | 358 | 512 | 432 | 400 | 369 | 416 | 487 | 401 |
| Working Capital Days | 243 | 246 | 316 | 245 | 232 | 337 | 291 | 242 | 236 | 261 | 295 | 241 |
| ROCE % | 3% | 5% | 6% | 8% | 7% | 2% | 5% | 9% | 10% | 15% | 16% | 8% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Manpower Strength Number ・Standalone data |
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| R&D Expenditure ₹ Crs. ・Standalone data |
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| Value of Production (VoP) ₹ Crs. ・Standalone data |
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| Order Book ₹ Crs. |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Appointment Of
5 Jun - BEML appoints M/s. Chandra Wadhwa and Co. as Cost Auditor for FY27-FY29.
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Announcement under Regulation 30 (LODR)-Change in Directorate
5 Jun - Shri Dinesh Mahur appointed Government Nominee Director on BEML board from 5 June 2026; Meera Mohanty ceased.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Jun - BEML Limited is participating in an Investor Meet to be hosted by M/s Elara Capital on Wednesday, 10.06.2026
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Announcement under Regulation 30 (LODR)-Change in Management
2 Jun - Executive Director (Accounts) Sasi Kumar K ceased on 31 May 2026 due to superannuation.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Extract of Financial Results for the Quarter and year ended 31.03.2026
Annual reports
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Financial Year 2025
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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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Concalls
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Feb 2026TranscriptPPT
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Dec 2025Transcript PPT
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Jun 2025Transcript PPT
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Dec 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Dec 2023Transcript PPT REC
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Jun 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Jun 2022TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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Jul 2019TranscriptAI SummaryPPT
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Jun 2018TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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Dec 2016TranscriptAI SummaryPPT
Industries Served[1]
Defence & Aerospace, Coal, Mining, Steel, Cement, Power, Irrigation, Construction, Infrastructure, Railways and Metro Transportation System.