BEML Limited (IN:BEML)
:BEML
Want to see IN:BEML full AI Analyst Report?
Top Page
BEML Limited
(BEML)
Select Model
Select Model
Rating:55Neutral
Price Target:
₹1,761.00
▼(-6.81% Downside)
Action:Reiterated
Date:05/30/26
The score is held back primarily by FY2026 earnings and free-cash-flow deterioration despite modest revenue growth, partially offset by a relatively resilient balance sheet. Technical signals are mixed/neutral, and the high P/E with low yield further limits the overall rating.
Positive Factors
Balance-sheet resilience
Material improvement in leverage and steady equity growth provide durable financial flexibility. Lower debt-to-equity through FY2025 supports the company’s ability to fund large capital orders, absorb cyclical downcycles, and pursue tender-backed projects without immediately stressing liquidity or covenant capacity.
Negative Factors
Volatile cash generation
Operating and free cash flow have swung widely: strong in FY2023–FY2024, weakened in FY2025 and meaningfully negative in FY2026. Such volatility strains funding flexibility, raises reliance on external financing for capex or working capital, and limits sustainable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
Material improvement in leverage and steady equity growth provide durable financial flexibility. Lower debt-to-equity through FY2025 supports the company’s ability to fund large capital orders, absorb cyclical downcycles, and pursue tender-backed projects without immediately stressing liquidity or covenant capacity.
Read all positive factors
BEML Limited (BEML) vs. iShares MSCI India ETF (INDA)
Market Cap
₹152.62B
Dividend Yield0.29%
Average Volume (3M)27.68K
Price to Earnings (P/E)57.6
Beta (1Y)1.60
Revenue Growth8.38%
EPS Growth-4.84%
CountryIN
Employees4,729
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)65.28
Shares Outstanding83,289,000
10 Day Avg. Volume14,988
30 Day Avg. Volume27,683
Financial Highlights & Ratios
PEG Ratio-0.66
Price to Book (P/B)6.21
Price to Sales (P/S)20.71
P/FCF Ratio-48.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)58.45
Revenue Forecast (FY)₹53.92B
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...
How the Company Makes Money
BEML primarily makes money by manufacturing and selling engineered products and by providing lifecycle support for those products across its main business segments: (1) Mining & Construction: revenue is generated from the sale of heavy equipment u...
BEML Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.05B | 43.51B | 40.46B | 39.65B | 38.99B | 43.37B |
| Gross Profit | 17.77B | 20.72B | 20.31B | 18.64B | 17.62B | 16.87B |
| EBITDA | 5.30B | 3.28B | 5.29B | 4.87B | 3.88B | 3.31B |
| Net Income | 2.96B | 1.41B | 2.93B | 2.82B | 1.58B | 1.29B |
Balance Sheet | ||||||
| Total Assets | 59.35B | 70.11B | 58.72B | 54.45B | 50.10B | 57.09B |
| Cash, Cash Equivalents and Short-Term Investments | 369.80M | 458.60M | 104.30M | 80.28M | 386.79M | 237.76M |
| Total Debt | 6.80B | 3.09B | 2.29B | 709.02M | 3.81B | 8.32B |
| Total Liabilities | 31.36B | 40.77B | 29.86B | 27.78B | 25.89B | 33.53B |
| Stockholders Equity | 28.00B | 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
Negative
1889.60
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 1889.6 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹31.55B | 11.33 | ― | 4.74% | 8.00% | 4.05% | |
64 Neutral | ₹30.91B | 14.18 | ― | 9.28% | -37.28% | -48.10% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹139.56B | 99.65 | ― | ― | -27.63% | -25.11% | |
55 Neutral | ₹152.62B | 57.59 | ― | 0.29% | 8.38% | -4.84% | |
40 Underperform | ₹99.00B | 36.74 | ― | ― | -2.26% | 70.94% | |
39 Underperform | ₹5.92B | -0.51 | ― | ― | -48.69% | 53.34% |
* Industrials Sector Average
IN:BEML
BEML Limited
1,718.45
-462.26
-21.20%
IN:BALMLAWRIE
Balmer Lawrie & Co. Ltd.
183.50
-15.07
-7.59%
IN:JPASSOCIAT
Jaiprakash Associates Limited
2.41
-0.49
-16.90%
IN:JSWHL
JSW Holdings Limited
13,115.85
-9,412.75
-41.78%
IN:MMTC
MMTC Limited
64.94
-13.07
-16.75%
IN:MSTCLTD
MSTC Ltd.
440.75
-103.56
-19.03%
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.