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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of BEML Ltd

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.
INDUSTRYADDRESSCONTACT
Auto - Construction VehiclesBEML SOUDHA, Bengaluru Karnataka 560027cs@beml.co.in
https://www.bemlindia.in
Management
NamePosition Held
Mr. Shantanu RoyChairman & Managing Director
Mr. Ajit Kumar SrivastavDirector
Mr. Anil JerathDirector - Finance
Mr. Arun DagaIndependent Director
Mr. Vikas KakatkarIndependent Director
Mr. Siva MakutamIndependent Director
Mr. Bipin Kumar GuptaIndependent Director
Mr. Surendra Prasad YadavGovernment Nominee Director

Basic Stock Data of BEML Ltd

Last Updated: July 20, 2024, 11:20 pm

Market Cap 19,308 Cr.
Current Price 4,637
High / Low5,489/1,690
Stock P/E68.5
Book Value 641
Dividend Yield0.22 %
ROCE15.2 %
ROE11.1 %
Face Value 10.0
PEG Ratio2.66

Data Source: screener.in

BEML Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7281,8064511,0001,1741,6846698051,0371,3885779171,047
Expenses6851,5995339741,0591,4547257639481,101627858991
Operating Profit43207-8227116230-564289287-515956
OPM %6%11%-18%3%10%14%-8%5%9%21%-9%6%5%
Other Income1001913-011151911034
Interest812141320101111121210118
Depreciation17191717171616161616161616
Profit before tax28176-941179205-821666278-754267
Tax %1%10%0%0%0%35%0%0%0%43%0%-23%28%
Net Profit28158-941179133-821666158-755248
EPS in Rs6.6537.94-22.602.5618.8732.07-19.803.9115.9437.91-18.0312.4511.59

Last Updated: July 12, 2024, 3:44 am

BEML Ltd Quarterly Chart

BEML Ltd Profit & Loss

Last Updated: July 10, 2024, 3:33 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,7152,8012,9042,8022,9752,4943,2393,4743,0253,5974,3373,8993,919
Expenses2,5982,8292,7732,7282,8252,3412,9863,2372,9423,4194,0123,5303,529
Operating Profit117-281317414915325323884178325369389
OPM %4%-1%5%3%5%6%8%7%3%5%8%9%10%
Other Income105116606042632523492062230
Interest11116212776565548604139654945
Depreciation45515453576365717271666463
Profit before tax66-12510579981641301987200278311
Tax %14%34%39%-9%18%14%21%52%-229%21%36%43%
Net Profit57-83666485130636469129158201
EPS in Rs13.68-20.021.471.4315.4820.3831.1715.1915.3516.5630.9637.9648.27
Dividend Payout %37%-13%68%70%26%39%26%46%39%36%32%26%

BEML Ltd Profit & Loss Yearly Chart

BEML Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:3%
3 Years:4%
TTM:4%
Compounded Profit Growth
10 Years:43%
5 Years:35%
3 Years:60%
TTM:87%
Stock Price CAGR
10 Years:24%
5 Years:46%
3 Years:68%
1 Year:208%
Return on Equity
10 Years:5%
5 Years:6%
3 Years:8%
Last Year:11%

Last Updated: July 17, 2024, 5:54 pm

BEML Ltd Balance Sheet

Last Updated: July 10, 2024, 3:33 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital42424242424242424242424242
Reserves2,1342,0382,0392,0352,0882,1412,1592,1462,2112,1732,3152,3802,325
Borrowings9621,263958645569438446404341752832381391
Other Liabilities1,8191,8791,7901,9211,7222,1372,0972,4952,5702,8772,6242,3042,143
Total Liabilities4,9575,2224,8284,6434,4204,7574,7445,0865,1635,8435,8135,1074,901
Fixed Assets540546513482557583595631621601621548507
CWIP241421731921047968251514142327
Investments0000000000000
Other Assets4,3934,5344,1423,9693,7594,0944,0814,4304,5275,2285,1784,5364,367
Total Assets4,9575,2224,8284,6434,4204,7574,7445,0865,1635,8435,8135,1074,901

BEML Ltd Reserves and Borrowings Chart

BEML Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -13639454880209130257106-30151563458
Cash from Investing Activity -132-28-36-33-59-62-62-51-49-25-20-68
Cash from Financing Activity 152-427-384-105-160-101-1293-177-10-335-130
Net Cash Flow-116-61128-57-11-336557-52716208260

BEML Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days106112123129148209186170182191157116
Inventory Days640550478460375615395331482373328369
Days Payable132110841278915211414215213385116
Cash Conversion Cycle614552517462434673467358512432400369
Working Capital Days343352309266265333260242341356312271
ROCE %5%1%4%3%5%6%8%7%2%5%9%10%

BEML Ltd Financial Efficiency Indicators Chart

BEML Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%
FIIs2.18%2.80%4.31%6.15%5.91%5.13%5.50%5.44%6.08%6.79%9.12%9.91%
DIIs21.65%21.78%21.38%19.08%18.75%20.39%19.87%19.72%19.51%19.03%18.97%17.79%
Public22.15%21.39%20.28%20.75%21.32%20.44%20.59%20.79%20.38%20.16%17.87%18.28%
No. of Shareholders1,03,18595,28091,32288,26792,71493,05093,52394,76795,0391,01,57699,5861,21,001

BEML Ltd Shareholding Pattern Chart

No. of BEML Ltd Shareholders

BEML Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Flexi Cap Fund - Regular Plan1,250,0000.64252.59950,0002024-07-1931.58%
HDFC Balanced Advantage Fund - Regular Plan1,113,6810.35225.05950,0002024-07-1917.23%
Kotak Flexicap Fund - Regular Plan950,0000.49191.97950,0002024-07-190%
HDFC Small Cap Fund - Regular Plan800,0000.7161.66950,0002024-07-19-15.79%
Kotak Small Cap Fund - Regular Plan729,7891.21147.47950,0002024-07-19-23.18%
Kotak Equity Opportunities Fund - Regular Plan300,0000.460.62950,0002024-07-19-68.42%
Aditya Birla Sun Life Small Cap Fund247,9701.0950.11950,0002024-07-19-73.9%
Quant Tax Plan217,8240.8944.02950,0002024-07-19-77.07%
Quant Absolute Fund154,0002.331.12950,0002024-07-19-83.79%
Invesco India Smallcap Fund137,6830.9727.82950,0002024-07-19-85.51%

BEML Ltd ROCE Trend

BEML Ltd EPS Trend

BEML Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)67.6637.9130.8816.5015.29
Diluted EPS (Rs.)67.6637.9130.8816.5015.29
Cash EPS (Rs.)82.7353.1446.6933.5332.57
Book Value[Excl.RevalReserv]/Share (Rs.)638.59579.59564.09530.08539.31
Book Value[Incl.RevalReserv]/Share (Rs.)638.59579.59564.09530.08539.31
Revenue From Operations / Share (Rs.)970.58933.381038.37851.44724.27
PBDIT / Share (Rs.)115.9892.8975.5347.3831.71
PBIT / Share (Rs.)100.7077.5559.6330.2914.39
PBT / Share (Rs.)91.3666.4847.8120.854.63
Net Profit / Share (Rs.)67.4537.8030.7816.4515.24
NP After MI And SOA / Share (Rs.)67.4537.8030.8316.4915.28
PBDIT Margin (%)11.949.957.275.564.37
PBIT Margin (%)10.378.305.743.551.98
PBT Margin (%)9.417.124.602.440.64
Net Profit Margin (%)6.944.042.961.932.10
NP After MI And SOA Margin (%)6.944.052.961.932.11
Return on Networth / Equity (%)10.566.525.463.112.83
Return on Capital Employeed (%)11.8210.046.763.471.65
Return On Assets (%)5.173.152.251.201.25
Long Term Debt / Equity (X)0.000.000.000.040.08
Total Debt / Equity (X)0.020.150.340.280.10
Asset Turnover Ratio (%)0.770.720.760.650.60
Current Ratio (X)2.462.382.382.322.88
Quick Ratio (X)1.271.231.361.381.49
Inventory Turnover Ratio (X)0.991.021.121.021.02
Dividend Payout Ratio (NP) (%)0.0026.3720.0450.1632.61
Dividend Payout Ratio (CP) (%)0.0018.7513.2224.6315.28
Earning Retention Ratio (%)0.0073.6379.9649.8467.39
Cash Earning Retention Ratio (%)0.0081.2586.7875.3784.72
Interest Coverage Ratio (X)12.428.396.405.023.25
Interest Coverage Ratio (Post Tax) (X)8.224.413.612.742.56
Enterprise Value (Cr.)13349.445580.608378.895880.202103.86
EV / Net Operating Revenue (X)3.291.431.931.650.69
EV / EBITDA (X)27.5514.3826.5629.7115.88
MarketCap / Net Operating Revenue (X)3.281.351.751.470.62
Retention Ratios (%)0.0073.6279.9549.8367.38
Price / BV (X)4.982.173.222.370.83
Price / Net Operating Revenue (X)3.281.351.751.470.62
EarningsYield0.020.030.010.010.03

BEML Ltd Profitability Ratios (%)

BEML Ltd Liquidity Ratios

BEML Ltd Liquidity Ratios (%)

BEML Ltd Interest Coverage Ratios (%)

BEML Ltd Valuation Ratios

Fair Value

Fair Value: 4,884.57

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.34% compared to the current price 4637

Intrinsic Value: 6,142.42

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 32.47% compared to the current price 4637

Last 5 Year EPS CAGR: 25.75%

*Investments are subject to market risks

Strength and Weakness of BEML Ltd Stock

StrengthWeakness
  1. The company has higher reserves (2,195.92 cr) compared to borrowings (591.67 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.62 cr) and profit (101.69 cr) over the years.
  1. The stock has a low average ROCE of 5.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 304.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 482.50, which may not be favorable.

FAQ

What is the latest fair value of BEML Ltd?

The latest fair value of BEML Ltd is ₹4884.57.

What is the Market Cap of BEML Ltd?

The Market Cap of BEML Ltd is 19,308 Cr..

What is the current Stock Price of BEML Ltd as on 20 July 2024?

The current stock price of BEML Ltd as on 20 July 2024 is 4,637.

What is the High / Low of BEML Ltd stocks in FY 2024?

In FY 2024, the High / Low of BEML Ltd stocks is 5,489/1,690.

What is the Stock P/E of BEML Ltd?

The Stock P/E of BEML Ltd is 68.5.

What is the Book Value of BEML Ltd?

The Book Value of BEML Ltd is 641.

What is the Dividend Yield of BEML Ltd?

The Dividend Yield of BEML Ltd is 0.22 %.

What is the ROCE of BEML Ltd?

The ROCE of BEML Ltd is 15.2 %.

What is the ROE of BEML Ltd?

The ROE of BEML Ltd is 11.1 %.

What is the Face Value of BEML Ltd?

The Face Value of BEML Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in BEML Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE