BEML Limited (BEML) AI Stock Analysis

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BEML Limited

(NSE:BEML)

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Rating:64Neutral

Price Target:INR 2,122.00▲(1.13% Upside)

Action:reiterated

Date:08/30/26

BEML Limited's overall score of 64 is primarily bolstered by exceptionally strong technical momentum and a rock-solid balance sheet with minimal debt. However, these strengths are heavily weighed down by significant fundamental risks, including a highly stretched valuation (P/E over 92), plummeting cash flows, and recent margin compression that has severely impacted profitability.

Positive Factors

Recent Revenue GrowthPositive top-line momentum indicates continued demand across BEML’s mining, construction, rail, metro and defense markets. Sustained growth would support factory utilization and provide a foundation for recovery in profitability.

Negative Factors

FY2026 Profit DeclineFalling earnings while sales increase signals pressure from costs, execution, mix or one-off items. Unless margins recover, stronger demand may not translate into proportional profit or provide dependable earnings visibility.

BEML Limited (BEML) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 176.74B
Dividend Yield: 0.80%
Average Volume (3M): 34.13K
Price to Earnings (P/E): 108.1
Beta (1Y): 1.46
Revenue Growth: 22.17%
EPS Growth: -44.65%
Country: India
Employees: 4,778
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

BEML Limited Business Overview & Revenue Model

Company Description

BEML Ltd. engages in the design, development, manufacture, and marketing of rail coaches, spare parts, and mining equipment. It operates through the following segments: Mining and Construction, Rail and Metro and Defence and Aerospace. The Mining and...

How the Company Makes Money

BEML makes money primarily by manufacturing and selling capital equipment and systems to institutional and industrial customers, supplemented by recurring aftermarket income. Key revenue streams typically include: (1) Sale of heavy equipment for mini...

BEML Limited Financial Statement Overview

Summary

BEML Limited presents a divided financial profile. A highly robust balance sheet with extremely low leverage and consistently growing equity is offset by deteriorating operational metrics. Notably, the company is experiencing deeply negative free cash flow and severe margin compression that halved net income in the latest year despite top-line revenue growth.

Income Statement

60Neutral

Balance Sheet

85Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	43.51B	43.51B	40.46B	39.65B	38.99B	43.37B
Gross Profit	16.05B	20.72B	20.31B	18.64B	17.62B	16.87B
EBITDA	3.28B	3.28B	5.29B	4.87B	3.88B	3.31B
Net Income	1.41B	1.41B	2.93B	2.82B	1.58B	1.29B
Balance Sheet
Total Assets	70.11B	70.11B	58.72B	54.45B	50.10B	57.09B
Cash, Cash Equivalents and Short-Term Investments	370.90M	458.60M	104.30M	80.28M	386.79M	237.76M
Total Debt	3.09B	3.09B	2.29B	709.02M	3.81B	8.32B
Total Liabilities	40.77B	40.77B	29.86B	27.78B	25.89B	33.53B
Stockholders Equity	29.34B	29.34B	28.87B	26.68B	24.21B	23.57B
Cash Flow
Free Cash Flow	-3.62B	-2.63B	20.70M	3.57B	5.21B	127.99M
Operating Cash Flow	-2.43B	1.18B	1.83B	4.58B	5.63B	514.15M
Investing Cash Flow	-727.70M	-3.54B	-2.05B	-676.83M	-200.88M	-253.37M
Financing Cash Flow	703.00M	2.38B	-1.39B	-1.30B	-3.35B	-99.48M

BEML Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price2098.20

Price Trends

50DMA1999.70Positive

100DMA1906.41Positive

200DMA1802.26Positive

Market Momentum

MACD27.28Negative

RSI59.85Neutral

STOCH52.54Neutral

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 2098.20 is above the 20-day moving average (MA) of 1981.45, above the 50-day MA of 1999.70, and above the 200-day MA of 1802.26, indicating a bullish trend. The MACD of 27.28 indicates Negative momentum. The RSI at 59.85 is Neutral, neither overbought nor oversold. The STOCH value of 52.54 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BEML against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHEL	70Outperform	INR 1.50T	52.14	―	0.44%	29.08%	415.38%
IN:SIEMENS	65Neutral	INR 1.31T	39.67	―	0.49%	-4.47%	26.92%
IN:BEML	64Neutral	INR 175.95B	108.11	―	0.80%	22.17%	-44.65%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KIRLOSENG	51Neutral	INR 237.64B	46.24	―	0.55%	19.56%	1.55%
IN:TEXRAIL	45Neutral	INR 46.71B	17.54	―	0.66%	-20.83%	22.12%
IN:TRF	43Neutral	INR 2.28B	4.62	―	―	5.17%	340.38%

* General Sector Average

Performance Comparison

IN:BEML and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BEML	BEML Limited	2098.20	106.03	5.32%
IN:BHEL	Bharat Heavy Electricals Limited	435.30	150.62	52.91%
IN:KIRLOSENG	Kirloskar Oil Engines Limited	1693.30	588.24	53.23%
IN:SIEMENS	Siemens Limited	3658.90	440.11	13.67%
IN:TEXRAIL	Texmaco Rail & Engineering Limited	111.16	-23.43	-17.41%
IN:TRF	TRF Limited.	213.75	-108.95	-33.76%

BEML Limited Corporate Events

BEML Publishes Q1 FY2026 Unaudited Results in Newspapers

Aug 10, 2026

BEML Limited has notified the stock exchanges that it has published newspaper advertisements detailing its unaudited financial results for the quarter ended June 30, 2026. The results notice appeared on August 8, 2026 in the all-India English edition...

BEML files SEBI Regulation 74(5) compliance certificate for June quarter

Jul 6, 2026

BEML Limited has submitted to NSE and BSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by its registrar and share transfer a...

BEML Closes Insider Trading Window Ahead of Q1 FY27 Results

Jun 25, 2026

BEML Limited has notified the stock exchanges that its trading window for insiders will be closed from 1 July 2026 until 48 hours after the announcement of its financial results for the quarter ended 30 June 2026, in line with SEBI’s Prohibition of I...

BEML to Join Elara Capital Investor Meet in Mumbai on 10 June 2026

Jun 4, 2026

BEML Limited has notified stock exchanges that it will participate in an investor meet hosted by Elara Capital in Mumbai on 10 June 2026. The engagement underscores the company’s ongoing investor relations efforts and provides a platform to communica...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 30, 2026

BEML Limited AI Stock Analysis