BEML · BEML Ltd · Constr. & Agric. Machinery
BEML · BEML Ltd · Constr. & Agric. Machinery
As of 05 Nov close
52-week range
12.2% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹820 Cr
Revenue YoY
PAT YoY
+57.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
5.9
P/S (TTM)
3.7
Sector P/E
28.6
Dividend yield
+0.8%
No peer comparison data on file for BEML.
Promoter
stable
FII
falling 1q
MF
17.92% (+0.37pp)
rising 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- mediumsector policyeconomictimes.indiatimes.com· 29 Oct 2026, 04:21 pm10 defence stocks rally up to 500% in FY27 so far; 5 turn multibaggers - Market Outperformers
- highsector policyeconomictimes.indiatimes.com· 27 Oct 2026, 09:17 amHAL, BEL, Paras Defence, other stocks rise up to 4% after DAC clears proposals worth Rs 2.12 lakh crore
- lowbusiness-standard.com· 09 Oct 2026, 11:51 pmDatanomics: BSE took a decade to enter the Nifty 50; any lessons for NSE?
- mediumcorporate actionlivemint.com· 02 Oct 2026, 08:44 pmFrom cars to mining trucks — BEML’s 60-ton electric mining truck marks India’s EV shift into heavy industry
- loweconomictimes.indiatimes.com· 21 Sept 2026, 03:31 pmSunil Singhania-backed Abakkus Flexi Cap Fund increases stake in Dixon Technologies, OFSS, 30 others in August
- lowcorporate actioneconomictimes.indiatimes.com· 20 Sept 2026, 09:50 amDividends and stock splits: IRCTC, BEML among 150+ stocks with record dates this week. Check full list
- unknowneconomictimes.indiatimes.com· 01 Sept 2026, 08:33 pmWe must resolve to transform all defence PSUs into global giants: Rajnath Singh
- unknownbusiness-standard.com· 31 Aug 2026, 07:44 amChart check: Angel One turns bullish on BEML, BSE in short term
- lowthehindubusinessline.com· 29 Aug 2026, 09:43 pmFour small-cap stock picks for the long term
- lowbusiness-standard.com· 11 Aug 2026, 10:37 amWhy India keeps selling stakes in PSUs instead of privatising them
Concalls & investor presentations
AI-generatedKey takeaway: The document provides a transcript link for an investor earnings call hosted by Elara Capital on August 13, 2026, as required by SEBI regulations. The call's content is not included in this filing; only the transcript's availability is confirmed. The document includes standard corporate contact information, legal details, and compliance references. No financial results, operational updates, or management commentary from the call are summarized here, as the filing only serves as a notice of the transcript's publication.
The tone is neutral as the document merely provides a transcript link without any evaluative language or directional statements.
Sourced from an exchange-filed transcript, dated 19 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Management reported on the earnings call that BEML achieved a record order book of ₹15,900 crores, including a significant export order of $107 million. The company highlighted its recent innovations, such as the Vande Bharat sleeper train and various electric vehicles, which are part of its sustainability efforts. Management noted a mixed financial performance for FY 2025-26, with revenue growth but margin pressure due to one-time legacy adjustments. The revenue contribution from different business verticals was reported as Defense & Aerospace (35%), Mining & Construction (41%), and Rail & Metro (24%). Management emphasized ongoing capacity expansions and new product developments, particularly in the defense sector. They also discussed the challenges of working capital and the impact of raw material prices on margins. Overall, management expressed optimism about future growth opportunities, particularly in the rail and metro segments.
The document presented both achievements and challenges in financial performance.
Sourced from an exchange-filed transcript, dated 16 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by BEML Limited, dated June 10, 2026, outlined the company's achievements and operational highlights. Management reported a record order book of Rs. 15,896 crores, including the highest export order book of $107 million. The presentation highlighted significant product developments, including the Vande Bharat Sleeper Train and various mining and construction equipment. BEML's revenue from operations for FY26 was reported at Rs. 4,351 crores, with a gross margin of 7.54%. The company emphasized its strategic business units and ongoing projects, including new facilities for high-speed rail and armored vehicles. Management noted awards received for outstanding export performance and innovation. The shareholding pattern indicated a stable government ownership of 54.03%. Overall, the presentation showcased BEML's commitment to innovation and growth across its diverse business verticals.
Management emphasized achievements and growth in various business segments.
Sourced from an exchange-filed presentation, dated 10 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call for Q3 FY '26, management reported a 24% year-on-year growth in revenue from sales, alongside a reduction in employee remuneration and working capital days. However, there was a noted decline in profit before tax (PBT), profit after tax (PAT), and EBITDA. The current order book stands at INR 16,300 crores, with significant contributions from Rail and Metro (68%) and Defense (25%). Management announced a plan to invest INR 1,500 crores in a new rolling stock plant in Bhopal, aiming to enhance production capacity. Additionally, they highlighted diversification efforts into Tunnel Boring Machines and maritime cranes, projecting substantial future revenue potential. Management also addressed supply chain challenges and outlined strategies to ensure sustainable supplies for upcoming projects. They indicated a goal to reduce inventory by 20% and expressed confidence in meeting their revenue guidance for the financial year.
The document presented both positive growth metrics and challenges in profitability.
Sourced from an exchange-filed transcript, dated 23 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedBEML Limited's FY2025-26 annual report highlights a strategic focus on innovation, global partnerships, and sustainability. The company achieved record revenue and a significant closing order book, driven by strong performance in its Defence and Rail & Metro segments. Key initiatives include expanding into high-value sectors, investing in R&D, and enhancing manufacturing capabilities. The report emphasizes resilience amid global challenges and a commitment to national growth and global competitiveness.
- Strategic priorities include innovation and R&D investment, global partnerships, and sustainability through green manufacturing.
- Defence and Rail & Metro segments are key growth drivers with strong government support and long-term projects.
- Expansion into high-value sectors like indigenous defence systems and advanced rail technologies.
- Investments in R&D and modern production facilities to enhance competitiveness and operational efficiency.
- Global market expansion, including export orders for metro rolling stock and participation in international projects.
Key takeaway: Management expects BEML to strategically position itself for long-term growth through innovation, global expansion, and a focus on high-value sectors, despite challenges from global volatility and competitive pressures.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (5 items); Regulatory Action (5 items); Default / Covenant Breach (3 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
5 occurrencesRecent (last 12 months)
The consolidated financial statements are disclosed with a modified opinion in the audit report.
Earlier (1-3 years ago)
The consolidated financial statements are disclosed with modified opinion in the audit report.
Older (3+ years ago)
The auditor issued a qualified opinion on BEML LIMITED's consolidated Ind AS financial statements for the year ended March 31, 2023.
The auditor has drawn attention to the Statement of Changes in Equity regarding the Debenture Redemption Reserve (DRR) amounting to ₹2,500.00 Lakhs, noting that the company did not create a DRR during the current year but transferred to Retained Earnings based on debenture redemption.
The independent auditors issued an adverse opinion on the company's financial results due to concerns about the preparation on a 'going concern' basis, related to the subsidiary Vignyan Industries Limited (VIL) which has received an 'In-Principle' approval for closure and stopped production activities.
Regulatory Action
5 occurrencesRecent (last 12 months)
The company was non-compliant with SEBI Listing Regulations regarding the composition of the Board of Directors, Audit Committee, Nomination & Remuneration committee, and Risk Management committee from 01.04.2025 to 17.04.2025 due to the cessation of tenure of three Independent Directors. The company is still non-compliant with Regulation 17 following the conclusion of Shri Bipin Kumar Gupta's three-year tenure on 09.02.2026.
Earlier (1-3 years ago)
The company was fined Rs. 10.74 lakhs during FY 2023-24 by stock exchanges for non-compliance with Regulation 17 of the SEBI Listing Regulations regarding the composition of its Board of Directors.
Older (3+ years ago)
The company was imposed a penalty of Rs.12.03 Lakhs (including GST) by the stock exchange for non-compliance with regulation 17(1) of SEBI(LODR), 2015 during FY 2022-23 for the quarters ended December 2022 and March 2023.
The company faced a fine of ₹150.10 lakhs (₹5,000 per day plus 18% GST) from BSE and NSE due to non-compliance with SEBI Listing Regulations from quarter ended 30.09.2018 up to 23.12.2021. BSE waived ₹37.76 lakhs up to March 2020, but NSE requires compliance before considering a waiver.
The company has received penalty notices from Stock Exchanges (BSE and NSE) for not having appointed the requisite Independent Directors (IDs) as per Listing Regulations. The company is requesting waiver of fines for the quarter ended 31.03.2021.
Default / Covenant Breach
3 occurrencesRecent (last 12 months)
The company faced a default or covenant issue leading to initiation of Corporate Insolvency Resolution Process (CIRP) by NCLT on 26.09.2022.
Earlier (1-3 years ago)
BEML Midwest Ltd underwent liquidation as ordered by the NCLT on 20.10.2023 due to the inability to resolve the company, indicating a default or covenant breach.
Older (3+ years ago)
The company settled a corporate guarantee liability of ₹2151.90 lakhs with SBI through a One Time Settlement of ₹182.91 Lakhs on 23.11.2020, discharging the guarantee and closing the case pending before the Debt Recovery Tribunal.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has contingent liabilities including disputed statutory demands (Customs Duty, Central Excise, Service Tax, Sales Tax/VAT etc.) amounting to ₹ 22,459.77 Lakhs as of 31st March 2026, and other claims such as legal cases amounting to ₹ 24,213.19 Lakhs.
Earlier (1-3 years ago)
The company has disputed statutory demands totaling ₹20,176.22 Lakhs as of 31 March 2024, including customs duty, central excise, service tax, sales tax/VAT, and other legal claims amounting to ₹15,784.82 Lakhs.
Older (3+ years ago)
The company is subject to multiple legal, regulatory, and tax cases with uncertain outcomes that could result in significant liabilities.
The company is subject to multiple legal, regulatory, and tax cases with uncertain outcomes that could result in significant liabilities. The auditor notes that the assessment of risks from these litigations involves complex assumptions and management judgment, increasing the risk of inadequate provisioning or disclosure in the financial statements.
The company has contingent liabilities related to unresolved arbitration/appellate proceedings, with an estimated amount of ₹560.60 Lakhs as of the current year.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has disclosed transactions with related parties including BEML Land Assets Limited, Communication (Defence) Testing Foundation, Systems Testing and Research for Advanced Materials Foundation, and UAS Testing Foundation, among others, as required under Ind AS 24.
Older (3+ years ago)
The company has related party transactions with its subsidiaries Vignyan Industries Limited, MAMC Industries Limited, and BEML Land Assets Limited, including equity investments, advances recoverable, and salaries charged for deputed personnel.
The company has related party transactions with Vignyan Industries Limited, including sales, purchases, salaries for BEML personnel, and an equity investment, with some recoverable amounts converted into a secured loan.
Statutory dues in dispute
2 occurrencesOlder (3+ years ago)
The company has disputed statutory dues of 21,901.55 lakhs under the Central Excise Act 1944, with the dispute pending in an unspecified forum as of March 31, 2023.
The company has outstanding disputed statutory dues including excise duty, service tax, customs duty, and sales tax/vat, with amounts ranging from ₹34.54 lakhs to ₹7,433.37 lakhs, pending before various authorities such as CESTAT and city municipalities.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
4.08% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).