BEML Limited (IN:BEML)
:BEML
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BEML Limited
(BEML)
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Rating:62Neutral
Price Target:
₹1,682.00
▼(-10.99% Downside)
Action:ReiteratedDate:02/10/26
The score is primarily supported by strong financial performance (growth, improving margins, and low leverage). This is offset by an expensive valuation (high P/E and low dividend yield) and only neutral-to-weak technicals, with negative MACD and the price still below longer-term moving averages.
Positive Factors
Revenue & Margin Improvement
Consistent top-line growth combined with rising EBIT/EBITDA margins indicates durable demand and improving operating efficiency across BEML's product lines. Sustained margin expansion supports internal reinvestment and resilience to cost pressures, strengthening medium-term earnings quality.
Negative Factors
Inconsistent Free Cash Flow
While operating cash generation is positive, uneven free cash flow growth limits predictable internal funding for capex, R&D or shareholder distributions. Episodic FCF increases reliance on working-capital management or external financing around lumpy contract timings, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
Consistent top-line growth combined with rising EBIT/EBITDA margins indicates durable demand and improving operating efficiency across BEML's product lines. Sustained margin expansion supports internal reinvestment and resilience to cost pressures, strengthening medium-term earnings quality.
Read all positive factors
BEML Limited (BEML) vs. iShares MSCI India ETF (INDA)
Market Cap
₹134.94B
Dividend Yield0.29%
Average Volume (3M)27.68K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth-1.31%
EPS Growth3.61%
CountryIN
Employees4,729
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)6.40
Shares Outstanding83,289,000
10 Day Avg. Volume14,988
30 Day Avg. Volume27,683
Financial Highlights & Ratios
PEG Ratio5.94
Price to Book (P/B)2.29
Price to Sales (P/S)1.63
P/FCF Ratio3.19K
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)58.75
Revenue Forecast (FY)₹54.13B
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 selling engineered products and providing lifecycle support across its main business verticals. (1) Defence: Revenue is generated from supplying defence-related ground systems, vehicles, and equipment to government de...
BEML Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.05B | 40.46B | 39.65B | 38.99B | 43.37B | 35.97B |
| Gross Profit | 17.77B | 20.31B | 18.64B | 17.62B | 16.87B | 14.99B |
| EBITDA | 5.30B | 5.29B | 4.87B | 3.88B | 3.31B | 1.98B |
| Net Income | 2.96B | 2.93B | 2.82B | 1.58B | 1.29B | 689.03M |
Balance Sheet | ||||||
| Total Assets | 59.35B | 58.72B | 54.45B | 50.10B | 57.09B | 57.34B |
| Cash, Cash Equivalents and Short-Term Investments | 369.80M | 104.30M | 80.28M | 386.79M | 237.76M | 44.77M |
| Total Debt | 6.80B | 2.29B | 709.02M | 3.81B | 8.32B | 7.52B |
| Total Liabilities | 31.36B | 29.86B | 27.78B | 25.89B | 33.53B | 35.20B |
| Stockholders Equity | 28.00B | 28.87B | 26.68B | 24.21B | 23.57B | 22.14B |
Cash Flow | ||||||
| Free Cash Flow | -3.62B | 20.70M | 3.57B | 5.21B | 127.99M | -3.53B |
| Operating Cash Flow | -2.43B | 1.83B | 4.58B | 5.63B | 514.15M | -3.01B |
| Investing Cash Flow | -727.70M | -2.05B | -676.83M | -200.88M | -253.37M | -490.35M |
| Financing Cash Flow | 703.00M | -1.39B | -1.30B | -3.35B | -99.48M | -1.76B |
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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹29.04B | 11.78 | ― | 4.74% | 4.77% | -0.62% | |
64 Neutral | ₹29.78B | 17.92 | ― | 9.28% | -48.50% | 92.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹134.94B | -173.04 | ― | 0.29% | -1.31% | 3.61% | |
60 Neutral | ₹150.74B | 175.19 | ― | ― | ― | ― | |
40 Underperform | ₹88.75B | 54.22 | ― | ― | -17.88% | 7.14% | |
39 Underperform | ₹5.92B | -0.32 | ― | ― | -36.62% | 43.81% |
* Industrials Sector Average
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BEML Limited Corporate Events
BEML Publishes Q3 FY2025 Unaudited Results in National Dailies
Feb 7, 2026
BEML Limited has notified the stock exchanges that it has published newspaper advertisements of its unaudited financial results for the third quarter ended 31 December 2025, in compliance with Regulation 47 of SEBI’s Listing Obligations and ...
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.