BEML Limited (BEML) AI Stock Analysis

• Market Cap: ₹175.24B
• Dividend Yield: 0.5%
• Average Volume (3M): 24.34K
• Price to Earnings (P/E): 58.6
• Beta (1Y): 2.07
• Revenue Growth: -2.17%
• EPS Growth: 4.39%
• Country: IN
• Employees: 4,729
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): -15.35
• Shares Outstanding: 41,644,500
• 10 Day Avg. Volume: 25,779
• 30 Day Avg. Volume: 24,343
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹4,891.00
• Price Target Upside: 16.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ₹4,891.00 ▲(16.23% Upside)

BEML Limited's strong financial performance and bullish technical indicators are the primary drivers of its stock score. However, the high P/E ratio suggests overvaluation, which could limit upside potential. Investors should be cautious of the stock's approach to overbought levels, as indicated by the RSI and Stochastic.

BEML Limited Business Overview & Revenue Model

Company Description

BEML Limited provides products and services to the mining and construction, rail and metro, and defense and aerospace sectors in India. The company offers mining equipment for opencast and underground mines; hydraulic excavators, bulldozers, wheel loaders and dozers, dump trucks, motor graders, pipe layers, tyre handlers, water sprinklers, and backhoe loaders; and hydraulics, powerline systems, engines, and structures. It also provides mobility trucks, recovery vehicles, bridge systems, vehicles for missile projects, tank transportation trailers, milrail wagons, mine ploughs, crash fire tenders, snow cutters, aircraft towing tractors, and aircraft weapon loading trolleys. In addition, the company offers integral rail coaches, metro cars, AC EMUs, OHE cars, steel and aluminum wagons, track laying equipment, utility vehicles, treasury vans, spoil disposal units, and broad gauge rail buses for. It also exports its products to approximately 68 countries worldwide. The company was formerly known as Bharat Earth Movers Limited. BEML Limited was incorporated in 1964 and is based in Bengaluru, India.

How the Company Makes Money

BEML Limited generates revenue primarily through the sale of its diversified product portfolio, which includes mining and construction equipment, rail and metro products, and defense equipment. The company serves a wide array of clients, including government agencies, public sector undertakings, and private sector companies. BEML's key revenue streams come from the sale of heavy earthmoving machinery used in mining and construction, manufacturing rail coaches and metro cars for urban transportation systems, and providing defense equipment to the Indian armed forces. Additionally, BEML engages in after-sales services, maintenance, and spare parts provisioning, which contribute to its revenue. Strategic partnerships with global companies for technology transfer and joint ventures further enhance its business prospects and revenue potential.

BEML Limited Financial Statement Overview

Summary

BEML Limited exhibits strong financial performance with consistent revenue growth, efficient operations, and a stable balance sheet. The company maintains strong profit margins and a low debt-to-equity ratio, indicating limited financial risk. However, occasional fluctuations in free cash flow growth warrant attention.

Income Statement

BEML Limited has demonstrated consistent revenue growth over the past years, with a notable increase from 2024 to 2025. The company maintains strong gross profit and net profit margins, indicating efficient cost management. The EBIT and EBITDA margins have also improved, reflecting better operational efficiency.

Balance Sheet

The company's balance sheet shows a healthy equity ratio, suggesting a stable financial structure. The debt-to-equity ratio is low, indicating limited leverage, which reduces financial risk. Return on Equity has been positive and improving, showcasing effective use of equity capital.

Cash Flow

BEML Limited's cash flow statement reveals a positive free cash flow over the years, with occasional fluctuations. The operating cash flow to net income ratio suggests efficient cash generation relative to earnings. However, the free cash flow growth rate has been inconsistent, indicating potential volatility in cash reserves.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.26B	40.46B	39.65B	38.99B	41.14B	30.14B
Gross Profit	17.81B	20.31B	18.64B	17.62B	16.87B	14.19B
EBITDA	5.29B	5.29B	4.93B	3.96B	3.24B	1.38B
Net Income	2.93B	2.93B	2.82B	1.58B	1.29B	638.45M
Balance Sheet
Total Assets	58.72B	58.72B	54.45B	50.10B	57.09B	50.72B
Cash, Cash Equivalents and Short-Term Investments	49.60M	49.60M	80.28M	446.70M	237.76M	273.43M
Total Debt	2.29B	2.29B	709.02M	3.81B	8.32B	3.41B
Total Liabilities	29.86B	29.86B	27.78B	25.89B	33.53B	28.19B
Stockholders Equity	28.87B	28.87B	26.68B	24.21B	23.57B	22.53B
Cash Flow
Free Cash Flow	0.00	20.70M	3.57B	5.21B	127.99M	486.87M
Operating Cash Flow	0.00	1.83B	4.58B	5.63B	514.15M	1.06B
Investing Cash Flow	0.00	-2.05B	-676.83M	-200.88M	-253.37M	-512.82M
Financing Cash Flow	0.00	-1.39B	-1.30B	-3.35B	-99.48M	29.29M

BEML Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4208.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BEML, the sentiment is Positive. The current price of 4208.1 is above the 20-day moving average (MA) of 4206.44, above the 50-day MA of 4119.19, and above the 200-day MA of 3718.02, indicating a bullish trend. The MACD of 67.04 indicates Negative momentum. The RSI at 50.13 is Neutral, neither overbought nor oversold. The STOCH value of 32.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BEML.

BEML Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEML	71 Outperform	₹175.24B	58.63	―	0.50%	-2.17%	4.39%
MSTCLTD	71 Outperform	₹34.07B	8.01	55.13%	9.40%	-58.05%	97.11%
BALMLAWRIE	64 Neutral	₹34.84B	12.85	13.51%	4.17%	7.25%	1.12%
JPASSOCIAT	46 Neutral	₹7.61B	-0.52	51.52%	―	-31.36%	32.31%
MMTC	44 Neutral	₹98.27B	100.06	5.09%	―	―	-53.29%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%