About the Company - BEML Ltd
BEML Ltd. is a Public Limited Listed company incorporated on 11/05/1964 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L35202KA1964GOI001530 and registration number is 001530. Currently Company is involved in the business activities of Manufacture of railway or tramway rolling stock, not self-propelled (passenger coaches, goods vans tank wagons, self-discharging vans and wagons, workshop vans, crane vans, tenders etc.. Company’s Total Operating Revenue is Rs. 4337.49 Cr. and Equity Capital is Rs. 41.77 Cr. for the Year ended 31/03/2022.
Management |
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Name | Position Held |
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Mr. Amit Banerjee | Chairman & Managing Director |
Mr. M V Rajasekhar | Director |
Mr. Ajit Kumar Srivastav | Director |
Mrs. Balmuri Vanitha | Independent Director |
Mr. Anil Jerath | Director - Finance |
Mr. Surendra Prasad Yadav | Government Nominee Director |
Mr. Arun Daga | Independent Director |
Mr. Vikas Kakatkar | Independent Director |
Mr. Siva Makutam | Independent Director |
BEML Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹2,448.00 |
Previous Day | ₹2,437.00 |
Basic Stock Data of BEML Ltd
Market Cap | 10,095 Cr. |
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Current Price | 2,424 |
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High / Low | 2,720/1,128 |
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Stock P/E | 50.3 |
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Book Value | 569 |
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Dividend Yield | 0.40 % |
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ROCE | 10.5 % |
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ROE | 6.30 % |
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Face Value | 10.0 |
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BEML Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 664 | 728 | 1,806 | 451 | 1,000 | 1,174 | 1,684 | 669 | 805 | 1,037 | 1,388 | 577 | 917 |
Expenses | 626 | 685 | 1,599 | 533 | 974 | 1,059 | 1,454 | 725 | 763 | 945 | 1,101 | 627 | 855 |
Operating Profit | 38 | 43 | 207 | -82 | 27 | 116 | 230 | -56 | 42 | 92 | 287 | -51 | 61 |
OPM % | 6% | 6% | 11% | -18% | 3% | 10% | 14% | -8% | 5% | 9% | 21% | -9% | 7% |
Other Income | 6 | 10 | 0 | 19 | 13 | -0 | 1 | 1 | 1 | 3 | 19 | 1 | 7 |
Interest | 9 | 8 | 12 | 14 | 13 | 20 | 10 | 11 | 11 | 12 | 12 | 10 | 11 |
Depreciation | 18 | 17 | 19 | 17 | 17 | 17 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Profit before tax | 17 | 28 | 176 | -94 | 11 | 79 | 205 | -82 | 16 | 66 | 278 | -75 | 42 |
Tax % | 0% | 1% | 10% | 0% | 0% | 0% | 35% | 0% | 0% | 0% | 43% | 0% | -23% |
Net Profit | 17 | 28 | 158 | -94 | 11 | 79 | 133 | -82 | 16 | 66 | 158 | -75 | 52 |
EPS in Rs | 4.14 | 6.65 | 37.94 | -22.60 | 2.56 | 18.87 | 32.07 | -19.80 | 3.91 | 15.94 | 37.91 | -18.03 | 12.45 |
BEML Ltd Profit & Loss
Month | 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 |
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Sales | 2,715 | 2,801 | 2,904 | 2,802 | 2,975 | 2,494 | 3,239 | 3,474 | 3,025 | 3,597 | 4,337 | 3,899 | 3,919 |
Expenses | 2,598 | 2,829 | 2,773 | 2,728 | 2,825 | 2,341 | 2,986 | 3,237 | 2,942 | 3,419 | 4,012 | 3,530 | 3,529 |
Operating Profit | 117 | -28 | 131 | 74 | 149 | 153 | 253 | 238 | 84 | 178 | 325 | 369 | 389 |
OPM % | 4% | -1% | 5% | 3% | 5% | 6% | 8% | 7% | 3% | 5% | 8% | 9% | 10% |
Other Income | 105 | 116 | 60 | 60 | 42 | 63 | 25 | 23 | 49 | 20 | 6 | 22 | 30 |
Interest | 111 | 162 | 127 | 76 | 56 | 55 | 48 | 60 | 41 | 39 | 65 | 49 | 45 |
Depreciation | 45 | 51 | 54 | 53 | 57 | 63 | 65 | 71 | 72 | 71 | 66 | 64 | 63 |
Profit before tax | 66 | -125 | 10 | 5 | 79 | 98 | 164 | 130 | 19 | 87 | 200 | 278 | 311 |
Tax % | 14% | 34% | 39% | -9% | 18% | 14% | 21% | 52% | -229% | 21% | 36% | 43% | |
Net Profit | 57 | -83 | 6 | 6 | 64 | 85 | 130 | 63 | 64 | 69 | 129 | 158 | 201 |
EPS in Rs | 13.68 | -20.02 | 1.47 | 1.43 | 15.48 | 20.38 | 31.17 | 15.19 | 15.35 | 16.56 | 30.96 | 37.96 | 48.27 |
Dividend Payout % | 37% | -13% | 68% | 70% | 26% | 39% | 26% | 46% | 39% | 36% | 32% | 26% | |
BEML Ltd Profit & Loss Yearly Chart
BEML Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 3% |
5 Years:: | 4% |
3 Years:: | 9% |
TTM:: | -10% |
BEML Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 14% |
5 Years:: | 3% |
3 Years:: | 33% |
TTM:: | 38% |
BEML Ltd Growth
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Stock Price CAGR |
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10 Years:: | 30% |
5 Years:: | 34% |
3 Years:: | 60% |
1 Year:: | 57% |
BEML Ltd Growth
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Return on Equity |
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10 Years:: | 3% |
5 Years:: | 4% |
3 Years:: | 5% |
Last Year:: | 6% |
BEML Ltd Balance Sheet
Month | 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 |
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Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
Reserves | 2,134 | 2,038 | 2,039 | 2,035 | 2,088 | 2,141 | 2,159 | 2,146 | 2,211 | 2,173 | 2,315 | 2,380 | 2,325 |
Borrowings | 962 | 1,263 | 958 | 645 | 569 | 438 | 446 | 404 | 341 | 752 | 832 | 381 | 391 |
Other Liabilities | 1,819 | 1,879 | 1,790 | 1,921 | 1,722 | 2,137 | 2,097 | 2,495 | 2,570 | 2,877 | 2,624 | 2,304 | 2,143 |
Total Liabilities | 4,957 | 5,222 | 4,828 | 4,643 | 4,420 | 4,757 | 4,744 | 5,086 | 5,163 | 5,843 | 5,813 | 5,107 | 4,901 |
Fixed Assets | 540 | 546 | 513 | 482 | 557 | 583 | 595 | 631 | 621 | 601 | 621 | 548 | 507 |
CWIP | 24 | 142 | 173 | 192 | 104 | 79 | 68 | 25 | 15 | 14 | 14 | 23 | 27 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 4,393 | 4,534 | 4,142 | 3,969 | 3,759 | 4,094 | 4,081 | 4,430 | 4,527 | 5,228 | 5,178 | 4,536 | 4,367 |
Total Assets | 4,957 | 5,222 | 4,828 | 4,643 | 4,420 | 4,757 | 4,744 | 5,086 | 5,163 | 5,843 | 5,813 | 5,107 | 4,901 |
BEML Ltd Reserves and Borrowings Chart
BEML Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 245 | -136 | 394 | 548 | 80 | 209 | 130 | 257 | 106 | -301 | 51 | 563 |
Cash from Investing Activity | -105 | -132 | -28 | -36 | -33 | -59 | -62 | -62 | -51 | -49 | -25 | -20 |
Cash from Financing Activity | 6 | 152 | -427 | -384 | -105 | -160 | -101 | -129 | 3 | -177 | -10 | -335 |
Net Cash Flow | 146 | -116 | -61 | 128 | -57 | -11 | -33 | 65 | 57 | -527 | 16 | 208 |
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BEML Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 106 | 112 | 123 | 129 | 148 | 209 | 186 | 170 | 182 | 191 | 157 | 116 |
Inventory Days | 640 | 550 | 478 | 460 | 375 | 615 | 395 | 331 | 482 | 373 | 328 | 369 |
Days Payable | 132 | 110 | 84 | 127 | 89 | 152 | 114 | 142 | 152 | 133 | 85 | 116 |
Cash Conversion Cycle | 614 | 552 | 517 | 462 | 434 | 673 | 467 | 358 | 512 | 432 | 400 | 369 |
Working Capital Days | 343 | 352 | 309 | 266 | 265 | 333 | 260 | 242 | 341 | 356 | 312 | 271 |
ROCE % | 5% | 1% | 4% | 3% | 5% | 6% | 8% | 7% | 2% | 5% | 9% | 10% |
BEML Ltd Financial Efficiency Indicators Chart
BEML Ltd Share Holding Pattern
Month | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Promoters | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% |
FIIs | 1.47% | 1.36% | 2.18% | 2.80% | 4.31% | 6.15% | 5.91% | 5.13% | 5.50% | 5.44% | 6.08% | 6.79% |
DIIs | 22.83% | 21.29% | 21.65% | 21.78% | 21.38% | 19.08% | 18.75% | 20.39% | 19.87% | 19.72% | 19.51% | 19.03% |
Public | 21.67% | 23.32% | 22.15% | 21.39% | 20.28% | 20.75% | 21.32% | 20.44% | 20.59% | 20.79% | 20.38% | 20.16% |
No. of Shareholders | 89,249 | 1,00,992 | 1,03,185 | 95,280 | 91,322 | 88,267 | 92,714 | 93,050 | 93,523 | 94,767 | 95,039 | 1,01,576 |
BEML Ltd Shareholding Pattern Chart
No. of BEML Ltd Shareholders
BEML Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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HDFC Flexi Cap Fund - Regular Plan | 1250000 | 0.64 | 252.59 |
HDFC Balanced Advantage Fund - Regular Plan | 1113681 | 0.35 | 225.05 |
Kotak Flexicap Fund - Regular Plan | 950000 | 0.49 | 191.97 |
HDFC Small Cap Fund - Regular Plan | 800000 | 0.7 | 161.66 |
Kotak Small Cap Fund - Regular Plan | 729789 | 1.21 | 147.47 |
Kotak Equity Opportunities Fund - Regular Plan | 300000 | 0.4 | 60.62 |
Aditya Birla Sun Life Small Cap Fund | 247970 | 1.09 | 50.11 |
Quant Tax Plan | 217824 | 0.89 | 44.02 |
Quant Absolute Fund | 154000 | 2.3 | 31.12 |
Invesco India Smallcap Fund | 137683 | 0.97 | 27.82 |
BEML Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Basic EPS (Rs.) | 37.91 | 30.88 | 16.50 | 15.29 | 15.17 |
Diluted EPS (Rs.) | 37.91 | 30.88 | 16.50 | 15.29 | 15.17 |
Cash EPS (Rs.) | 53.14 | 46.69 | 33.53 | 32.57 | 32.05 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 579.59 | 564.09 | 530.08 | 539.31 | 523.69 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 579.59 | 564.09 | 530.08 | 539.31 | 523.69 |
Revenue From Operations / Share (Rs.) | 933.38 | 1038.37 | 851.44 | 724.27 | 831.71 |
PBDIT / Share (Rs.) | 92.89 | 75.53 | 47.38 | 31.71 | 62.43 |
PBIT / Share (Rs.) | 77.55 | 59.63 | 30.29 | 14.39 | 45.50 |
PBT / Share (Rs.) | 66.48 | 47.81 | 20.85 | 4.63 | 31.23 |
Net Profit / Share (Rs.) | 37.80 | 30.78 | 16.45 | 15.24 | 15.12 |
NP After MI And SOA / Share (Rs.) | 37.80 | 30.83 | 16.49 | 15.28 | 15.13 |
PBDIT Margin (%) | 9.95 | 7.27 | 5.56 | 4.37 | 7.50 |
PBIT Margin (%) | 8.30 | 5.74 | 3.55 | 1.98 | 5.47 |
PBT Margin (%) | 7.12 | 4.60 | 2.44 | 0.64 | 3.75 |
Net Profit Margin (%) | 4.04 | 2.96 | 1.93 | 2.10 | 1.81 |
NP After MI And SOA Margin (%) | 4.05 | 2.96 | 1.93 | 2.11 | 1.81 |
Return on Networth / Equity (%) | 6.52 | 5.46 | 3.11 | 2.83 | 2.88 |
Return on Capital Employeed (%) | 10.04 | 6.76 | 3.47 | 1.65 | 6.33 |
Return On Assets (%) | 3.15 | 2.25 | 1.20 | 1.25 | 1.26 |
Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.04 | 0.08 | 0.13 |
Total Debt / Equity (X) | 0.15 | 0.34 | 0.28 | 0.10 | 0.18 |
Asset Turnover Ratio (%) | 0.72 | 0.76 | 0.65 | 0.60 | 0.71 |
Current Ratio (X) | 2.38 | 2.38 | 2.32 | 2.88 | 2.07 |
Quick Ratio (X) | 1.23 | 1.36 | 1.38 | 1.49 | 1.23 |
Inventory Turnover Ratio (X) | 1.02 | 1.12 | 1.02 | 1.02 | 1.12 |
Dividend Payout Ratio (NP) (%) | 26.37 | 20.04 | 50.16 | 32.61 | 82.61 |
Dividend Payout Ratio (CP) (%) | 18.75 | 13.22 | 24.63 | 15.28 | 38.97 |
Earning Retention Ratio (%) | 73.63 | 79.96 | 49.84 | 67.39 | 17.39 |
Cash Earning Retention Ratio (%) | 81.25 | 86.78 | 75.37 | 84.72 | 61.03 |
Interest Coverage Ratio (%) | 8.39 | 6.40 | 5.02 | 3.25 | 4.38 |
Interest Coverage Ratio (Post Tax) (%) | 4.41 | 3.61 | 2.74 | 2.56 | 2.06 |
Enterprise Value (Cr.) | 5580.60 | 8378.89 | 5880.20 | 2103.86 | 4603.89 |
EV / Net Operating Revenue (X) | 1.43 | 1.93 | 1.65 | 0.69 | 1.33 |
EV / EBITDA (X) | 14.38 | 26.56 | 29.71 | 15.88 | 17.65 |
MarketCap / Net Operating Revenue (X) | 1.35 | 1.75 | 1.47 | 0.62 | 1.22 |
Retention Ratios (%) | 73.62 | 79.95 | 49.83 | 67.38 | 17.38 |
Price / BV (X) | 2.17 | 3.22 | 2.37 | 0.83 | 1.94 |
Price / Net Operating Revenue (X) | 1.35 | 1.75 | 1.47 | 0.62 | 1.22 |
EarningsYield | 0.03 | 0.01 | 0.01 | 0.03 | 0.01 |
BEML Ltd Profitability Ratios (%)
BEML Ltd Liquidity Ratios
BEML Ltd Liquidity Ratios (%)
BEML Ltd Interest Coverage Ratios (%)
BEML Ltd Valuation Ratios
Fair Value of BEML Ltd Stock
Fair Value: ₹1810.32
The stock is overvalued by 25.32% compared to the current price ₹2424
*Investments are subject to market risks
Strength and Weakness of BEML Ltd Stock
Strength | Weakness |
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The stock has a high average ROCE, which is a positive sign. The company has shown consistent growth in sales and profit over the years. | The stock has a high average Working Capital Days, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable. The company has higher borrowings compared to reserves, which may suggest financial risk. |