BEML Ltd

BEML Ltd

₹ 3,815 2.52%
22 Nov - close price
About

BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces and coaches for the metro and Indian Railways.[1]

Key Points

Industries Served[1]
Defence & Aerospace, Coal, Mining, Steel, Cement, Power, Irrigation, Construction, Infrastructure, Railways and Metro Transportation System.

  • Market Cap 15,886 Cr.
  • Current Price 3,815
  • High / Low 5,489 / 2,382
  • Stock P/E 55.4
  • Book Value 614
  • Dividend Yield 0.54 %
  • ROCE 15.8 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 34.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.2%

Cons

  • Stock is trading at 6.21 times its book value
  • The company has delivered a poor sales growth of 3.10% over past five years.
  • Company has a low return on equity of 7.96% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,000 1,174 1,684 669 805 1,037 1,388 577 917 1,047 1,514 634 860
971 1,059 1,453 725 763 947 1,101 627 858 991 1,143 684 787
Operating Profit 29 116 230 -56 42 89 287 -50 59 56 370 -50 73
OPM % 3% 10% 14% -8% 5% 9% 21% -9% 6% 5% 24% -8% 8%
13 0 2 1 1 5 19 1 10 34 5 1 15
Interest 12 20 10 11 11 12 12 10 11 8 11 9 16
Depreciation 17 17 16 16 16 16 16 16 16 16 17 17 17
Profit before tax 14 79 206 -82 16 67 278 -75 42 67 348 -75 55
Tax % 0% 0% 35% 0% 0% 0% 43% 0% -23% 28% 26% -7% 7%
14 79 134 -82 16 67 158 -75 52 48 257 -70 51
EPS in Rs 3.32 19.02 32.33 -19.79 3.93 16.00 38.03 -17.94 12.53 11.64 61.81 -16.83 12.36
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,809 2,912 2,809 2,981 2,499 3,246 3,481 3,029 3,597 4,337 3,899 4,054 4,055
2,835 2,782 2,735 2,833 2,347 2,994 3,244 2,942 3,406 3,999 3,522 3,600 3,605
Operating Profit -26 129 74 148 152 251 237 87 191 339 377 454 449
OPM % -1% 4% 3% 5% 6% 8% 7% 3% 5% 8% 10% 11% 11%
115 60 60 42 62 25 23 49 20 7 22 43 55
Interest 162 127 76 56 54 48 59 40 48 74 57 50 43
Depreciation 50 54 52 56 62 64 70 71 71 66 64 64 66
Profit before tax -122 9 7 78 98 164 131 24 93 206 279 383 395
Tax % -35% 49% 2% 18% 14% 21% 52% -184% 19% 35% 43% 26%
-80 5 7 64 84 129 63 68 75 135 159 283 287
EPS in Rs -19.20 1.12 1.62 15.30 20.30 31.12 15.26 16.44 17.98 32.35 38.17 68.03 68.98
Dividend Payout % -13% 89% 62% 26% 40% 26% 46% 37% 34% 31% 26% 30%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 4%
TTM: 3%
Compounded Profit Growth
10 Years: 47%
5 Years: 35%
3 Years: 56%
TTM: 42%
Stock Price CAGR
10 Years: 21%
5 Years: 36%
3 Years: 45%
1 Year: 59%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 8%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 42 42 42 42 42 42 42 42 42 42 42 42 42
Reserves 2,038 2,038 2,035 2,087 2,140 2,158 2,145 2,215 2,183 2,265 2,353 2,601 2,513
1,261 956 643 568 436 445 402 339 752 832 381 71 649
1,874 1,784 1,915 1,716 2,129 2,087 2,485 2,562 2,873 2,624 2,304 2,853 2,634
Total Liabilities 5,215 4,819 4,635 4,413 4,746 4,733 5,074 5,158 5,849 5,763 5,081 5,566 5,838
531 499 469 544 571 583 620 611 591 551 501 524 533
CWIP 142 173 192 104 79 68 25 15 14 14 23 37 45
Investments 4 4 3 3 3 3 3 3 3 3 3 3 8
4,538 4,144 3,971 3,761 4,093 4,079 4,426 4,530 5,241 5,195 4,555 5,003 5,251
Total Assets 5,215 4,819 4,635 4,413 4,746 4,733 5,074 5,158 5,849 5,763 5,081 5,566 5,838

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-138 394 548 80 208 128 257 104 1,769 49 565 457
-132 -28 -36 -33 -59 -62 -61 -50 -2,122 -29 -42 -67
155 -427 -384 -104 -160 -100 -129 3 -176 -10 -309 -130
Net Cash Flow -116 -61 128 -57 -11 -34 67 58 -529 11 214 260

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 112 123 129 148 209 186 169 182 191 157 116 130
Inventory Days 542 471 453 370 606 389 327 479 372 328 369 418
Days Payable 108 82 125 87 149 112 140 150 133 85 116 132
Cash Conversion Cycle 546 511 457 431 666 463 356 510 431 400 369 416
Working Capital Days 352 309 266 265 333 260 242 341 357 313 272 268
ROCE % 1% 4% 3% 5% 6% 8% 7% 2% 5% 9% 11% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03% 54.03%
4.31% 6.15% 5.91% 5.13% 5.50% 5.44% 6.08% 6.79% 9.12% 9.91% 6.76% 5.66%
21.38% 19.08% 18.75% 20.39% 19.87% 19.72% 19.51% 19.03% 18.97% 17.79% 20.14% 18.51%
20.28% 20.75% 21.32% 20.44% 20.59% 20.79% 20.38% 20.16% 17.87% 18.28% 19.08% 21.79%
No. of Shareholders 91,32288,26792,71493,05093,52394,76795,0391,01,57699,5861,21,0011,52,6981,91,604

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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