Is BEML a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that BEML Ltd is a average quality company .

Is BEML undervalued or overvalued?

The key valuation ratios of BEML Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is BEML share price return in the past 10 years?

BEML Ltd share price has appreciated 18.1% annually (CAGR) over the past ten years.

Is BEML a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of BEML Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

BEML Ltd - Stock Valuation and Financial Performance

Name: BEML
Brand: BEML

BSE: 500048 | NSE: BEML | Construction Vehicles | Small Cap

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BEML Share Price

₹3,741.60 -51.15 -1.35%
as on 18-Nov'24 15:31

10 Year X-Ray of BEML:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	2.9%	5%	5.8%	8.3%	7.6%	2.7%	5.1%	9.2%	11.4%	15.9%	-
Value Creation Index ⓘ	-0.8	-0.7	-0.6	-0.4	-0.5	-0.8	-0.6	-0.3	-0.2	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,809	2,981	2,499	3,246	3,481	3,029	3,597	4,337	3,899	4,054	4,055
Sales YoY Gr.	-	6.1%	-16.2%	29.9%	7.3%	-13%	18.8%	20.6%	-10.1%	4%	-
Adj EPS ⓘ	2.5	16.2	18.9	30.2	15.8	14.4	18.5	33	35	66.7	68.9
YoY Gr.	-	543.3%	16.3%	60%	-47.6%	-8.6%	27.9%	78.7%	5.9%	90.8%	-
BVPS (₹) ⓘ	498.7	511.2	523.8	528.3	525.2	542	534.1	553.9	575.1	634.6	613.4
Adj Net Profit ⓘ	10.5	67.5	78.5	126	65.8	60.2	76.9	137	146	278	287
Cash Flow from Ops. ⓘ	548	80	208	128	257	104	1,769	49.2	565	457	-
Debt/CF from Ops. ⓘ	1.2	7.1	2.1	3.5	1.6	3.3	0.4	16.7	0.7	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.2%	3.1%	4.1%	4%
Adj EPS ⓘ	43.9%	33.4%	53.4%	90.8%
BVPSⓘ	2.7%	3.9%	5.9%	10.3%
Share Price	18.1%	31.8%	32.1%	62.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	0.5	3.2	3.6	5.7	3	2.7	3.4	6.1	6.2	11	11
Op. Profit Mgn % ⓘ	2.9	5.1	6.1	7.9	6.2	2.1	5.4	7.9	9.7	11.2	11.1
Net Profit Mgn % ⓘ	0.4	2.3	3.1	3.9	1.9	2	2.1	3.2	3.7	6.9	7.1
Debt to Equity ⓘ	0.3	0.3	0.2	0.2	0.2	0.2	0.3	0.4	0.2	0	0
Working Cap Days ⓘ	466	401	480	432	426	506	465	415	431	407	201
Cash Conv. Cycle ⓘ	297	256	334	309	279	323	295	262	271	239	116

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.00%

Net Profit is growing at healthy rate in last 3 years 53.42%

Sales growth has been subdued in last 3 years 4.07%

Sales growth is not so good in last 4 quarters at 3.43%

Latest Financials - BEML Ltd.

	Standalone	Consolidated
TTM EPS (₹)	68.9	68.6
TTM Sales (₹ Cr.)	4,055	4,055
BVPS (₹.) ⓘ	613.4	648.2
Reserves (₹ Cr.) ⓘ	2,513	2,658
P/BV ⓘ	6.18	5.85
PE ⓘ	55.05	55.31

From the Market
52 Week Low / High (₹)	2215.10 / 5489.15
All Time Low / High (₹)	12.30 / 5489.15
Market Cap (₹ Cr.)	15,795
Equity (₹ Cr.)	41.6
Face Value (₹)	10
Industry PE ⓘ	32.5

Management X-Ray of BEML:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of BEML

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of BEML

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,809	2,981	2,499	3,246	3,481	3,029	3,597	4,337	3,899	4,054
Operating Expenses ⓘ	2,735	2,833	2,347	2,988	3,268	2,966	3,406	3,999	3,523	3,600
Manufacturing Costs	154	158	150	194	199	208	196	252	223	380
Material Costs	1,571	1,701	1,226	1,744	1,985	1,599	2,039	2,420	2,137	2,095
Employee Cost	769	755	781	808	802	844	849	858	840	822
Other Costs ⓘ	240	220	190	242	282	315	322	470	324	303
Operating Profit ⓘ	75	148	152	258	213	63	191	339	376	454
Operating Profit Margin (%)	2.7%	5.0%	6.1%	7.9%	6.1%	2.1%	5.3%	7.8%	9.6%	11.2%
Other Income ⓘ	60	42	62	25	54	79	20	7	24	43
Interest ⓘ	76	56	54	54	67	47	48	74	57	50
Depreciation ⓘ	52	56	62	64	70	71	71	66	64	64
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	7	78	98	164	131	24	93	206	279	383
Tax ⓘ	0	14	14	34	67	-44	18	71	120	100
Profit After Tax	7	64	84	129	63	68	75	135	159	283
PAT Margin (%)	0.2%	2.1%	3.4%	4.0%	1.8%	2.3%	2.1%	3.1%	4.1%	7.0%
Adjusted EPS (₹)	1.6	15.3	20.3	31.1	15.2	16.4	18.0	32.3	38.1	68.0
Dividend Payout Ratio (%)	62%	26%	39%	26%	46%	37%	33%	31%	26%	30%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,077	2,129	2,182	2,200	2,187	2,257	2,224	2,307	2,395	2,643
Share Capital ⓘ	42	42	42	42	42	42	42	42	42	42
Reserves ⓘ	2,035	2,087	2,140	2,158	2,145	2,215	2,183	2,265	2,353	2,601
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	592	516	423	439	400	238	642	723	371	61
Long Term Debt	414	363	311	304	303	201	100	0	0	0
Short Term Debt	178	154	113	135	98	36	542	723	371	61
Trade Payables	543	411	497	535	762	659	741	561	678	760
Others Liabilities ⓘ	1,277	1,204	1,481	1,395	1,533	1,703	1,966	1,915	1,431	1,844
Total Liabilities ⓘ	4,490	4,260	4,583	4,569	4,883	4,856	5,573	5,505	4,875	5,307
Fixed Assets
Gross Block	1,226	598	683	756	859	920	969	988	989	1,073
Accumulated Depreciation	758	53	112	173	239	309	377	436	488	550
Net Fixed Assetsⓘ	469	544	571	583	620	611	591	551	501	524
CWIP ⓘ	192	104	79	68	25	15	14	14	23	37
Investmentsⓘ	3	3	3	3	3	3	3	3	3	3
Inventories	1,921	1,696	1,974	1,800	1,702	2,003	1,971	2,073	2,061	2,256
Trade Receivables	992	1,207	1,430	1,651	1,613	1,508	1,885	1,861	1,237	1,439
Cash Equivalents	145	66	14	2	31	28	5	28	39	9
Others Assetsⓘ	768	640	511	463	889	689	1,105	974	1,012	1,040
Total Assets ⓘ	4,490	4,260	4,583	4,569	4,883	4,856	5,573	5,505	4,875	5,307

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	548	80	208	128	257	104	1,769	49	565	457
PBT ⓘ	7	78	98	164	131	24	93	206	279	383
Adjustment ⓘ	145	139	116	200	86	-38	52	163	83	138
Changes in Working Capital ⓘ	384	-122	-88	-220	65	45	1636	-285	293	-3
Tax Paid ⓘ	13	-15	82	-16	-25	73	-11	-35	-91	-60
Cash Flow From Investing Activity ⓘ	-36	-33	-59	-62	-61	-50	-42	-29	-42	-67
Capex	-46	-40	-64	-65	-64	-52	-50	-25	-23	-101
Net Investments	0	0	0	0	0	0	0	-2	-28	29
Others ⓘ	9	7	5	3	2	2	8	-1	8	4
Cash Flow From Financing Activityⓘ	-384	-104	-160	-100	-129	3	-2,256	-10	-309	-130
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-51	-51	-91	0	-6	-1	-1	0	0	0
Interest Paid ⓘ	-66	-48	-49	-48	-59	-41	-43	-53	-46	-39
Dividend Paid ⓘ	-4	-4	-17	-33	-52	-21	-35	-35	-32	-42
Others ⓘ	-262	-1	-3	-19	-11	66	-2,178	78	-230	-49
Net Cash Flow ⓘ	128	-57	-11	-34	67	58	-529	11	214	260

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.33	3.03	3.92	5.91	2.89	3.08	3.34	5.94	6.75	11.24
ROCE (%)	2.87	4.95	5.75	8.29	7.56	2.74	5.05	9.16	11.38	15.85
Asset Turnover Ratio	0.66	0.75	0.64	0.72	0.74	0.62	0.69	0.78	0.75	0.8
PAT to CFO Conversion(x)	78.29	1.25	2.48	0.99	4.08	1.53	23.59	0.36	3.55	1.61
Working Capital Days
Receivable Days	120	122	170	170	171	188	172	158	145	120
Inventory Days	248	201	236	208	184	223	202	170	194	194
Payable Days	108	102	135	108	119	162	125	98	106	125

BEML Ltd Stock News

BEML Ltd FAQs

What is the share price of BEML?

Company share prices are keep on changing according to the market conditions. The closing price of BEML on 18-Nov-2024 15:31 is ₹3,741.6.

What is the market cap of BEML?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 15:31 the market cap of BEML stood at ₹15,794.7.

What is the P/E ratio of BEML?

The latest P/E ratio of BEML as of 18-Nov-2024 15:31 is 55.05.

What is the P/B ratio of BEML?

The latest P/B ratio of BEML as of 18-Nov-2024 15:31 is 6.18.

What is the 52-week high and low of BEML?

The 52-week high of BEML is ₹5,489.2 and the 52-week low is ₹2,215.1.

What is the TTM revenue of BEML?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BEML is ₹4,055 ( Cr.) .

About BEML Ltd

BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The Company has partially disinvested and presently Government of India owns 54 percent of total equity and rest 46 percent is held by Public, Financial Institutions, Foreign Institutional Investors, Banks and Employees. BEML Limited, a ‘Schedule-A’ Company, plays a pivotal role and serves India’s core sectors like Defence, Rail, Power, Mining and Infrastructure.

Business area of the company

The Company operates under three major Business verticals viz., Mining & Construction, Defence and Rail & Metro. The three verticals are serviced by nine manufacturing units located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad and Subsidiary - Vignyan Industries Ltd, in Chikmagalur District. Each Business vertical is headed by a Director who reports to the Chairman & Managing Director of the company.

Products manufactured under three Business Verticals

DEFENCE & AEROSPACE

Tatra based High Mobility Trucks
Recovery Vehicles
Bridge Systems
Vehicles for Missile Projects
Tank Transportation Trailers
Milrail Wagons
Mine Ploughs
Crash Fire Tenders
Snow Cutters
Aircraft Towing tractors
Aircraft Weapon Loading Trolley

MINING & CONSTRUCTION

Bull Dozers
Excavators
Loaders
Pipe Layers
Wheeled Dozers
Tyre Handlers
Shovels
Dumpers
Water Sprinklers
Motor Graders
Under Mining Equipment

RAIL & METRO

Integral Rail Coaches
Metro Cars
AC EMUs
OHE Cars
Steel and Aluminium Wagons
Track Laying Equipment
Utility Vehicles
Treasury Vans
Spoil Disposal Units
Broad gauge Rail bus

Awards and recognition

2016-17

Company was bestowed with Rajbhasha Award in Big PSU category for Corporate Office by the Town Official Language Implementation Committee for PSUs for commendable performance in implementation of Hindi during 2015-16.
Company received two awards- (i) Excellence in Training, Learning and Development Programmes, and (ii) Outstanding Contribution in CSR. These awards were presented in recognition of Talent Management,
Talent Development and Talent Innovation, instituted by Employer Branding Institute, Mumbai.
Company won the prestigious QCI - DL Shah National Quality Award-2016 at the 11th National Quality Conclave held at New Delhi for metro quality assurance with a case study on ‘Optimization of painting process parameters’ for metro car interior panels.
Company was awarded the prestigious ‘International Gold Award’ for its Quality initiatives in the manufacture of Metro Cars at the International Convention of Quality Circle Competition held at Bangkok.
Company was bestowed with the prestigious award ‘Buildcon India’s Top Challenger 2015-16’ instituted by ASAPP Info Global Group during the 14th Construction World Annual Awards-2016 at Mumbai.
Company was bestowed with Rajbhasha Award in Small PSU category for RO-Sambalpur by the Town Official Language Implementation Committee for PSUs for commendable performance in implementation of Hindi during 2015-16.
Company had won prestigious ‘Star Performer Award’ in the Export category for the year 2014-15.
Company had bagged various awards for best maintenance of gardens at Complexes, Headquarters and Township Parks in the garden competitions held during Republic Day Horticultural Show-2017.
Company bestowed with Hindustan PSU Award under the category ‘Fastest Growing Organisation - Miniratna.’
Company bestowed with Equipment India Awards under two categories viz., Best Seller in Rigid Dump Trucks and Best seller in Crawler Dozers for the year 2017.
Company bestowed with Raksha Mantri award in the category “Design Effort: Own initiative projects” for the design and development of 180T Class Electric Hydraulic Excavator BE1800E.

2017-18

Company has bagged many prizes during the Independence Day Horticulture Show 2017 conducted by Mysore Horticultural Society, Bengaluru, which is a matter of pride to the Company.
“Metro Team” of the company won the prestigious QCI - DL Shah National Quality Award -2017. The team made a presentation on ‘Metro Quality Assurance’ with a case study on “Ensuing Zero Defect in Metro Coach Bogie Manufacturing by Business Process Reengineering” based on six sigma using Taguchi
Method.
Company received Certificate of Yellow Dot Award for 50 plus years of invaluable contribution in the field of infrastructure and construction sector to build strong Nation.
Company has bagged the SKOCH ORDER-OF-MERIT Award for qualifying amongst “Top 80 Technology Projects in India” for Design and Development of “180T Electric Excavator BE1800E”.
Company bagged best seller award for Crawler Dozers at the “5th Annual Equipment India Awards 2018” held in New Delhi.
The Company has bagged “Top Public Sector Exporter in Southern Region (GOLD)” award for the year 2015-16 organized by Federation of Indian Export Organisations (FIEO), under Ministry of Commerce. The award was presented to BEML after considering various parameters including export turnover, presence in emerging markets, product diversification and growth.
Company has bagged many prizes under Industrial category at the Republic Day Horticultural Flower Show, which is a matter of pride to the Company.

2018-19

Bagged 'PSE Excellence Award 2017' from Indian Chamber of Commerce (ICC) for outstanding contribution in steering the Company to greater heights.
Metro Team won “International Quality Gold Award - 2018” for case study on 'Minimizing Weld distortion in Metro Bogie Frame Manufacturing'.
Received 'Top Challengers Award 2018' for excellent performance during FY 2017-18 and “Best Mining Equipment Seller Award” in Crawler Equipment - Dozers and Rigid Dump Truck segment for mining sectors.
Bagged “CII Design Excellence Award 2018” for 'Design and Development of BD65 Torque Converter'.
Received 'Governance Now' 6th PSU Award under Resilient Growth (Miniratna-1) category for its achievement and commitment to raise the standard in the public sectors.

2019-20

Received “SKOCH Award” under 'Corporate Excellence Gold Category' and “SKOCH Order of Merit” Award for design & development of Armoured Repair & Recovery Vehicle and Metro Cars for KMRCL.
Bestowed with Equipment India Awards under two categories, best seller in rigid Dump Truck and best seller in Crawler Dozer for the year 2018 at a function held at New Delhi.
BEML Palakkad Complex has won the 'Kerala State Energy Conservation Award 2019' at a function held at, Thiruvananthapuram.
Bagged Governance Now 6th PSU Award for its achievement and commitment to Raise the Standard in the Public Sectors.
Honoured with 'Research & Innovation and Digital PSU Award' by 'Governance Now' for outstanding contribution.