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 55.6
  • Book Value 649
  • Dividend Yield 0.54 %
  • ROCE 15.2 %
  • ROE 11.0 %
  • 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 29.8%

Cons

  • Stock is trading at 5.88 times its book value
  • The company has delivered a poor sales growth of 3.14% over past five years.
  • Company has a low return on equity of 7.76% 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

Consolidated Figures in Rs. Crores / View Standalone

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
974 1,059 1,454 725 763 948 1,101 627 858 991 1,143 684 787
Operating Profit 27 116 230 -56 42 89 287 -51 59 56 370 -50 73
OPM % 3% 10% 14% -8% 5% 9% 21% -9% 6% 5% 24% -8% 8%
13 -0 1 1 1 5 19 1 10 34 5 1 15
Interest 13 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 11 79 205 -82 16 66 278 -75 42 67 348 -75 55
Tax % 0% 0% 35% 0% 0% 0% 43% 0% -23% 28% 26% -7% 7%
11 79 133 -82 16 66 158 -75 52 48 257 -70 51
EPS in Rs 2.56 18.87 32.07 -19.80 3.91 15.94 37.91 -18.03 12.45 11.59 61.73 -16.94 12.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,801 2,904 2,802 2,975 2,494 3,239 3,474 3,025 3,597 4,337 3,899 4,054 4,055
2,829 2,773 2,728 2,825 2,341 2,986 3,237 2,942 3,419 4,012 3,530 3,609 3,605
Operating Profit -28 131 74 149 153 253 238 84 178 325 369 445 449
OPM % -1% 5% 3% 5% 6% 8% 7% 3% 5% 8% 9% 11% 11%
116 60 60 42 63 25 23 49 20 6 22 42 54
Interest 162 127 76 56 55 48 60 41 39 65 49 42 43
Depreciation 51 54 53 57 63 65 71 72 71 66 64 64 67
Profit before tax -125 10 5 79 98 164 130 19 87 200 278 382 394
Tax % -34% 39% -9% 18% 14% 21% 52% -229% 21% 36% 43% 26%
-83 6 6 64 85 130 63 64 69 129 158 282 286
EPS in Rs -20.02 1.47 1.43 15.48 20.38 31.17 15.19 15.35 16.56 30.96 37.96 67.74 68.65
Dividend Payout % -13% 68% 70% 26% 39% 26% 46% 39% 36% 32% 26% 30%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 4%
TTM: 3%
Compounded Profit Growth
10 Years: 43%
5 Years: 35%
3 Years: 60%
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

Consolidated Figures in Rs. Crores / View Standalone

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 2,039 2,035 2,088 2,141 2,159 2,146 2,211 2,173 2,315 2,380 2,626 2,658
1,263 958 645 569 438 446 404 341 752 832 381 71 649
1,879 1,790 1,921 1,722 2,137 2,097 2,495 2,570 2,877 2,624 2,304 2,852 2,634
Total Liabilities 5,222 4,828 4,643 4,420 4,757 4,744 5,086 5,163 5,843 5,813 5,107 5,591 5,982
546 513 482 557 583 595 631 621 601 621 505 528 537
CWIP 142 173 192 104 79 68 25 15 14 14 23 37 45
Investments 0 0 0 0 0 0 0 0 0 0 0 0 6
4,534 4,142 3,969 3,759 4,094 4,081 4,430 4,527 5,228 5,178 4,579 5,026 5,394
Total Assets 5,222 4,828 4,643 4,420 4,757 4,744 5,086 5,163 5,843 5,813 5,107 5,591 5,982

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-136 394 548 80 209 130 257 106 -301 51 560 458
-132 -28 -36 -33 -59 -62 -62 -51 -49 -25 -20 -68
152 -427 -384 -105 -160 -101 -129 3 -177 -10 -331 -130
Net Cash Flow -116 -61 128 -57 -11 -33 65 57 -527 16 208 260

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 112 123 129 148 209 186 170 182 191 157 116 130
Inventory Days 550 478 460 375 615 395 331 482 373 328 369 418
Days Payable 110 84 127 89 152 114 142 152 133 85 116 132
Cash Conversion Cycle 552 517 462 434 673 467 358 512 432 400 369 416
Working Capital Days 352 309 266 265 333 260 242 341 356 312 271 266
ROCE % 1% 4% 3% 5% 6% 8% 7% 2% 5% 9% 10% 15%

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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