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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
Engineering - HeavyBEML SOUDHA, No. 23/1, 4th Main Road, Bengaluru Karnataka 560027cs@beml.co.in
http://www.bemlindia.in
Management
NamePosition Held
Mr. Amit BanerjeeChairman & Managing Director
Mr. M V RajasekharDirector
Mr. Ajit Kumar SrivastavDirector
Mrs. Balmuri VanithaIndependent Director
Mr. Anil JerathDirector - Finance
Mr. Surendra Prasad YadavGovernment Nominee Director
Mr. Arun DagaIndependent Director
Mr. Vikas KakatkarIndependent Director
Mr. Siva MakutamIndependent Director

BEML Ltd. Share Price Update

Share PriceValue
Today₹2,448.00
Previous Day₹2,437.00

Basic Stock Data of BEML Ltd

Market Cap 10,095 Cr.
Current Price 2,424
High / Low2,720/1,128
Stock P/E50.3
Book Value 569
Dividend Yield0.40 %
ROCE10.5 %
ROE6.30 %
Face Value 10.0

BEML Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6647281,8064511,0001,1741,6846698051,0371,388577917
Expenses6266851,5995339741,0591,4547257639451,101627855
Operating Profit3843207-8227116230-564292287-5161
OPM %6%6%11%-18%3%10%14%-8%5%9%21%-9%7%
Other Income61001913-011131917
Interest981214132010111112121011
Depreciation18171917171716161616161616
Profit before tax1728176-941179205-821666278-7542
Tax %0%1%10%0%0%0%35%0%0%0%43%0%-23%
Net Profit1728158-941179133-821666158-7552
EPS in Rs4.146.6537.94-22.602.5618.8732.07-19.803.9115.9437.91-18.0312.45

BEML Ltd Quarterly Chart

BEML Ltd Profit & Loss

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::4%
3 Years::9%
TTM::-10%

BEML Ltd Growth

Compounded Profit Growth
10 Years::14%
5 Years::3%
3 Years::33%
TTM::38%

BEML Ltd Growth

Stock Price CAGR
10 Years::30%
5 Years::34%
3 Years::60%
1 Year::57%

BEML Ltd Growth

Return on Equity
10 Years::3%
5 Years::4%
3 Years::5%
Last Year::6%

BEML Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 245-13639454880209130257106-30151563
Cash from Investing Activity -105-132-28-36-33-59-62-62-51-49-25-20
Cash from Financing Activity 6152-427-384-105-160-101-1293-177-10-335
Net Cash Flow146-116-61128-57-11-336557-52716208

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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%54.03%
FIIs1.47%1.36%2.18%2.80%4.31%6.15%5.91%5.13%5.50%5.44%6.08%6.79%
DIIs22.83%21.29%21.65%21.78%21.38%19.08%18.75%20.39%19.87%19.72%19.51%19.03%
Public21.67%23.32%22.15%21.39%20.28%20.75%21.32%20.44%20.59%20.79%20.38%20.16%
No. of Shareholders89,2491,00,9921,03,18595,28091,32288,26792,71493,05093,52394,76795,0391,01,576

BEML Ltd Shareholding Pattern Chart

No. of BEML Ltd Shareholders

BEML Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Flexi Cap Fund - Regular Plan12500000.64252.59
HDFC Balanced Advantage Fund - Regular Plan11136810.35225.05
Kotak Flexicap Fund - Regular Plan9500000.49191.97
HDFC Small Cap Fund - Regular Plan8000000.7161.66
Kotak Small Cap Fund - Regular Plan7297891.21147.47
Kotak Equity Opportunities Fund - Regular Plan3000000.460.62
Aditya Birla Sun Life Small Cap Fund2479701.0950.11
Quant Tax Plan2178240.8944.02
Quant Absolute Fund1540002.331.12
Invesco India Smallcap Fund1376830.9727.82

BEML Ltd ROCE Trend

BEML Ltd EPS Trend

BEML Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)37.9130.8816.5015.2915.17
Diluted EPS (Rs.)37.9130.8816.5015.2915.17
Cash EPS (Rs.)53.1446.6933.5332.5732.05
Book Value[Excl.RevalReserv]/Share (Rs.)579.59564.09530.08539.31523.69
Book Value[Incl.RevalReserv]/Share (Rs.)579.59564.09530.08539.31523.69
Revenue From Operations / Share (Rs.)933.381038.37851.44724.27831.71
PBDIT / Share (Rs.)92.8975.5347.3831.7162.43
PBIT / Share (Rs.)77.5559.6330.2914.3945.50
PBT / Share (Rs.)66.4847.8120.854.6331.23
Net Profit / Share (Rs.)37.8030.7816.4515.2415.12
NP After MI And SOA / Share (Rs.)37.8030.8316.4915.2815.13
PBDIT Margin (%)9.957.275.564.377.50
PBIT Margin (%)8.305.743.551.985.47
PBT Margin (%)7.124.602.440.643.75
Net Profit Margin (%)4.042.961.932.101.81
NP After MI And SOA Margin (%)4.052.961.932.111.81
Return on Networth / Equity (%)6.525.463.112.832.88
Return on Capital Employeed (%)10.046.763.471.656.33
Return On Assets (%)3.152.251.201.251.26
Long Term Debt / Equity (X)0.000.000.040.080.13
Total Debt / Equity (X)0.150.340.280.100.18
Asset Turnover Ratio (%)0.720.760.650.600.71
Current Ratio (X)2.382.382.322.882.07
Quick Ratio (X)1.231.361.381.491.23
Inventory Turnover Ratio (X)1.021.121.021.021.12
Dividend Payout Ratio (NP) (%)26.3720.0450.1632.6182.61
Dividend Payout Ratio (CP) (%)18.7513.2224.6315.2838.97
Earning Retention Ratio (%)73.6379.9649.8467.3917.39
Cash Earning Retention Ratio (%)81.2586.7875.3784.7261.03
Interest Coverage Ratio (%)8.396.405.023.254.38
Interest Coverage Ratio (Post Tax) (%)4.413.612.742.562.06
Enterprise Value (Cr.)5580.608378.895880.202103.864603.89
EV / Net Operating Revenue (X)1.431.931.650.691.33
EV / EBITDA (X)14.3826.5629.7115.8817.65
MarketCap / Net Operating Revenue (X)1.351.751.470.621.22
Retention Ratios (%)73.6279.9549.8367.3817.38
Price / BV (X)2.173.222.370.831.94
Price / Net Operating Revenue (X)1.351.751.470.621.22
EarningsYield0.030.010.010.030.01

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

StrengthWeakness

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.