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BEML Limited
(BEML)
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Rating:59Neutral
Price Target:
₹2,073.00
▲(21.01% Upside)
Action:Reiterated
Date:08/30/26
The score is held back primarily by weak and volatile recent fundamentals (FY2026 profit step-down and negative free cash flow) and an expensive valuation (very high P/E with a low dividend yield). Offsetting these risks, technical trends are constructive with the stock trading above major moving averages and positive momentum indicators.
Positive Factors
Recent Revenue Growth
Positive 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 Decline
Falling 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Revenue Growth
Positive 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.
Read all positive factors
BEML Limited (BEML) vs. iShares MSCI India ETF (INDA)
Market Cap
₹174.72B
Dividend Yield0.26%
Average Volume (3M)35.93K
Price to Earnings (P/E)98.3
Beta (1Y)1.68
Revenue Growth12.78%
EPS Growth-40.29%
CountryIN
Employees4,778
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.27
Shares Outstanding83,289,000
10 Day Avg. Volume36,440
30 Day Avg. Volume35,933
Financial Highlights & Ratios
PEG Ratio-1.15
Price to Book (P/B)4.19
Price to Sales (P/S)2.83
P/FCF Ratio-46.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,011.00Price Target Upside17.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)52.77
Revenue Forecast (FY)₹51.92B
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 ...
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 m...
BEML Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.51B | 40.46B | 39.65B | 38.99B | 43.37B |
| Gross Profit | 20.72B | 20.31B | 18.64B | 17.62B | 16.87B |
| EBITDA | 3.28B | 5.29B | 4.87B | 3.88B | 3.31B |
| Net Income | 1.41B | 2.93B | 2.82B | 1.58B | 1.29B |
Balance Sheet | |||||
| Total Assets | 70.11B | 58.72B | 54.45B | 50.10B | 57.09B |
| Cash, Cash Equivalents and Short-Term Investments | 458.60M | 104.30M | 80.28M | 386.79M | 237.76M |
| Total Debt | 3.09B | 2.29B | 709.02M | 3.81B | 8.32B |
| Total Liabilities | 40.77B | 29.86B | 27.78B | 25.89B | 33.53B |
| Stockholders Equity | 29.34B | 28.87B | 26.68B | 24.21B | 23.57B |
Cash Flow | |||||
| Free Cash Flow | -2.63B | 20.70M | 3.57B | 5.21B | 127.99M |
| Operating Cash Flow | 1.18B | 1.83B | 4.58B | 5.63B | 514.15M |
| Investing Cash Flow | -3.54B | -2.05B | -676.83M | -200.88M | -253.37M |
| Financing Cash Flow | 2.38B | -1.39B | -1.30B | -3.35B | -99.48M |
BEML Limited Technical Analysis
Negative
1713.10
Price Trends
1656.58
Negative
Market Momentum
-72.81
Positive
32.84
Neutral
25.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BEML, the sentiment is Negative. The current price of 1713.1 is above the 20-day moving average (MA) of 1543.89, above the 50-day MA of 1656.58, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -72.81 indicates Positive momentum. The RSI at 32.84 is Neutral, neither overbought nor oversold. The STOCH value of 25.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BEML.
BEML Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹1.40T | 42.95 | ― | 0.46% | -12.45% | 12.44% | |
68 Neutral | ₹1.47T | 60.39 | ― | 0.45% | 27.00% | 739.32% | |
59 Neutral | ₹174.72B | 98.25 | ― | 0.26% | 12.78% | -40.29% | |
59 Neutral | ₹48.66B | 22.15 | ― | 0.63% | -14.32% | -2.83% | |
57 Neutral | ₹316.30B | 60.50 | ― | 0.40% | 22.66% | 15.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹2.59B | -41.69 | ― | 1.26% | -17.81% | -125.09% |
* General Sector Average
IN:BEML
BEML Limited
2,105.90
89.19
4.42%
IN:BHEL
Bharat Heavy Electricals Limited
422.45
208.59
97.54%
IN:KIRLOSENG
Kirloskar Oil Engines Limited
2,273.10
1,413.64
164.48%
IN:SIEMENS
Siemens Limited
3,950.00
775.64
24.43%
IN:TEXRAIL
Texmaco Rail & Engineering Limited
118.30
-21.48
-15.37%
IN:TRF
TRF Limited.
232.00
-77.95
-25.15%
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 edit...
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 transfe...
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 Prohibi...
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 ...
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.