BEMLCapital Goods

BEML Limited

Construction Vehicles · ISIN INE258A01024 · BSE 500048 · NSE EQ · FV ₹5
Last price
₹2,013
+1.07%today
What this company does

BEML Limited operates in Construction Vehicles, part of the Capital Goods sector. It booked ₹820 cr of revenue in its latest quarter (Q1 FY27) and kept -3.3% of sales as profit. It is the largest of 5 Construction Vehicles companies we track, by market value.

In the report:
39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
55

At close. Not part of the score.

Profitability & returns2

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality53

Whether reported profit actually arrives as cash

Growth & consistency32

Whether sales and profit have grown, and how steadily

Valuation57

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 29% vs last year
Promoters hold 54%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -3.3% net margin
! Low -3.7% return on equity
! Operating cash flow is negative

What if I invest in BEML?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,013 +1.07%
latest close · 2026-09-17
52-wk low ₹1,66842 sessions so far52-wk high ₹2,205
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio5.72High
Below bookModerateHigh
EV / EBITDA1,205.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-3.7%Loss
WeakFairStrong ▸15%
Return on capital-1.9%Loss
WeakFairStrong
Net margin-3.3%Loss
ThinDecentStrong
EBITDA margin0.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.10Comfortable
LowModerateHigh ▸1
Interest cover-1.4×Risky
RiskyOkayStrong ▸5×
Current ratio2.01Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹16,769 cr
Book value
₹352
EPS
₹-3.24
latest quarter
Net debt
₹300 cr
owes more than its cash
Enterprise value
₹17,069 cr
EBITDA
₹14 cr
annualised
EBIT
₹-79 cr
annualised
Operating margin
-2.4%
Return on assets
-1.5%
Earnings yield
P/S
5.11
Sales / share
₹393.6
Tax rate
Face value
₹5
Shares
8.3 cr
Working capital
₹2,905 cr
Current assets
₹5,771 cr
Current liabilities
₹2,866 cr
Delivery %
36.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹198₹495, midpoint ₹347

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹820 cr
Other Income₹2 cr
Total Income₹821 cr
Cost of Materials₹429 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹28 cr
Employee Benefit Expense₹203 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹23 cr
Other Expenses₹158 cr
Total Expenses₹855 cr
Profit before Tax₹-34 cr
Tax Expense₹-7 cr
Net Profit₹-27 cr
Net margin on total income-3.3%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹457 cr53.4%
Employee benefit expense₹203 cr23.7%
Finance costs₹14 cr1.6%
Depreciation & amortisation₹23 cr2.7%
Other expenses₹158 cr18.5%
Total income ₹821 cr

The company made a net loss of ₹27 cr this quarter — income covered only 96 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,083 cr1,794 cr820 cr
Total income1,087 cr1,804 cr821 cr
Expenses1,113 cr1,559 cr855 cr
Profit before tax-25 cr245 cr-34 cr
Tax-3 cr65 cr-7 cr
Net profit (owners' share)-22 cr180 cr-27 cr
Net margin (owners' share, on revenue)-2.1%10.0%-3.3%
EPS (₹)-2.6921.59-3.24
YoY (latest quarter): total income +27.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹7,011 cr
Shareholder equity
₹2,934 cr
parent shareholders
Total debt
₹307 cr
Cash
₹7 cr
Cash flow · H1 FY26
Operating
₹-243 cr
Investing
₹-73 cr
Financing
₹70 cr
Peer comparison
Construction Vehicles · by market value
CompanyPriceMarket capP/E
BEML Limitedthis company₹2,013₹16,769 cr
Action Construction Equipment Limited₹1,206₹14,359 cr30.0
Ajax Engineering Limited₹567₹6,482 cr29.1
TIL Limited₹250₹1,985 cr
Indo Farm Equipment Limited₹135₹649 cr28.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.30%
trailing 12 months
Dividend / share (TTM)
₹6
Last dividend
₹2.3
ex 5 Jun 2026
ActionDetailEx-date
Dividend₹2.3 / share5 Jun 2026
Dividend₹2.5 / share13 Feb 2026
Stock splitStock Split From Rs.10/- to Rs.5/-3 Nov 2025
Dividend₹1.2 / share22 Sep 2025
Dividend₹15 / share15 May 2025
Dividend₹5 / share14 Feb 2025
Who owns it · 2026-06-30
No pledge
Promoter
54.0%
FII / Foreign
5.5%
DII / Domestic
19.4%
Retail / others
21.1%
Smart-money activity
Bulk / block deals
short · NSE526 Aug 26
short · NSE218 Aug 26
short · NSE112 Jun 26
Stake changes
BoughtHDFC Mutual Fund→ 7.27% · 8.49 L24 Feb 25
SoldHDFC Mutual Fund→ 5.23% · 8.36 L5 Jul 24
SoldHDFC Mutual Fund→ 7.24% · 8.39 L25 Apr 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
Adoption of Financial Statements for the year ended 31st March, 2025 – Standalone as well as Consolidated.
Backed by 100% of shareholders other than promotersneeded 50%
97.02 L votes for, 1,874 against · 0% of mutual funds and other big investors said no
2
To confirm the payment of Interim Dividend and 2nd Interim Dividend on Equity Shares and declare a Final Dividend on Equity Shares for the Year ended 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
97.05 L votes for, 82 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Anil Jerath (DIN: 09543904), Director (Finance), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 77% of shareholders other than promotersneeded 50%
74.86 L votes for, 22.19 L against · 23% of mutual funds and other big investors said no
4
To appoint a Director in place of Shri Debi Prasad Satpathy, (DIN: 10679597), Director (Human Resource), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 75% of shareholders other than promotersneeded 50%
72.85 L votes for, 24.20 L against · 25% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 54.0% between them · as of 2026-06-30
PRESIDENT OF INDIA54.03%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.