BEML Limited
NSE: BEML · Construction Vehicles · sector
₹1,844.60NSE close 2026-10-26
Key numbers
Market cap₹15,363 cr
Price₹1,844.60
52w high / low₹2,276 / ₹1,355
P/E86.1xSector median 26.6x
P/B5.2xSector median 4.8x
Book value₹352.2
Dividend yield0.58%Sector median 0.39%
ROE2.8%Sector median 7.1%
ROCE8.8%Sector median 10.6%
OPM7.7%Sector median 10.0%
Debt / equity0.10xSector median 0.10x
EV/EBITDA44.6xSector median 21.7x
Interest cover5.8x
Current ratio2.01x
Sales growth 3y+3.7%Sector median +10.8%
Profit growth 3y-3.6%Sector median +3.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 6 companies in Construction Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹37 cr vs borrowings ₹307 cr (FY26): borrowings are higher by ₹270 cr.
- Operating profit covered interest 5.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 27% of net profit in the last 12 months.
- Debtor days went from 130 (FY24) to 191 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,844.60 on 2026-10-26: -18.9% from the 52-week high, +36.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,187.00 · low ₹1,399.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 860 | 876 | 1,653 | 634 | 839 | 1,083 | 1,794 | 820 |
| EBITDA | 73 | 60 | 423 | -49 | 73 | 4 | 272 | 2 |
| OPM % | 8.5% | 6.9% | 25.6% | -7.8% | 8.7% | 0.3% | 15.1% | 0.2% |
| Other income | 15 | 5 | 4 | 9 | 7 | 4 | 10 | 2 |
| Net profit | 51 | 24 | 288 | -64 | -48 | -22 | 180 | -27 |
| EPS (₹) | 6.13 | 2.93 | 34.52 | -7.70 | 5.76 | -2.69 | 21.59 | -3.24 |
| Revenue YoY | -2.4% | +23.7% | +8.6% | +29.3% | ||||
| Profit YoY | -194.5% | -191.7% | -37.5% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,337 | 3,899 | 4,054 | 4,022 | 4,351 | 4,536 |
| EBITDA | 310 | 364 | 442 | 506 | 299 | 350 |
| Net profit | 129 | 158 | 282 | 293 | 142 | 82 |
| EPS (₹) | 15.44 | 18.95 | 33.83 | 35.12 | 16.97 | 21.43 |
| Revenue growth | -10.1% | +4.0% | -0.8% | +8.2% | +12.8% | |
| Profit growth | +22.6% | +78.4% | +3.8% | -51.6% | -72.5% | |
| Dividend / share (₹) | 6.20 | 10.00 | 10.00 | 20.50 | 18.70 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.7% | +4.1% | +12.8% |
| Net profit | -3.6% | +15.6% | -72.5% |
| EPS | -3.6% | +15.5% | – |
| Share price | – | -3.7% (2y) | -14.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,421 | 2,668 | 2,887 | 2,934 |
| Borrowings | – | 381 | 61 | 229 | 307 |
| Cash & equivalents | – | 39 | 9 | 5 | 37 |
| Total assets | – | 5,010 | 5,445 | 5,872 | 7,011 |
| Fixed assets | – | 522 | 493 | 543 | 645 |
| Capital work in progress | – | 9 | 37 | 107 | 276 |
| Investments | – | 0 | 0 | 6 | 8 |
| Receivables | – | 1,237 | 1,439 | 1,696 | 2,274 |
| Inventory | – | 2,061 | 2,256 | 2,379 | 2,338 |
| Payables | – | 678 | 760 | 710 | 1,024 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 51 | 563 | 458 | 183 | 118 |
| Cash from investing | -25 | -20 | -68 | -205 | -354 |
| Cash from financing | -10 | -335 | -130 | -139 | 238 |
| Capex | 42 | 49 | 101 | 193 | 381 |
| Free cash flow | 9 | 515 | 357 | -10 | -263 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.5% | 10.6% | 10.1% | 4.8% |
| ROCE % | – | 11.6% | 15.4% | 14.7% | 7.6% |
| Debtor days | – | 116 | 130 | 154 | 191 |
| Inventory days | – | 352 | 393 | 431 | 375 |
| Payable days | – | 116 | 132 | 129 | 164 |
| Cash conversion cycle (days) | – | 352 | 391 | 456 | 402 |
| Working capital days | – | 231 | 248 | 279 | 244 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 54.03% |
| FIIs | 5.26% |
| DIIs | 21.52% |
| of which Mutual funds | 18.19% |
| of which Insurance | 1.14% |
| Public (non-institutions) | 19.19% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% | 54.03% |
| Promoter group | % |
|---|---|
| President of India | 54.03% |
| Public holders above 1% | % |
|---|---|
| HDFC Mutual Fund - HDFC Dividend Yield Fund | 7.60% |
| Kotak Small CAP Fund | 4.76% |
| Invesco India Focused Fund | 2.00% |
| Abakkus Flexi CAP Fund | 1.08% |
1,87,136 shareholders. Pledged: 0.00% of promoter shares.
Peers in Construction Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BEML | ₹15,363 cr | 86.1x | 5.2x | 2.8% | 8.8% | 7.7% | +3.7% | 0.58% |
| ACE | ₹12,045 cr | 27.6x | 6.0x | 24.1% | 30.1% | 15.5% | +14.9% | 0.20% |
| AJAXENGG | ₹6,052 cr | 26.6x | 4.3x | 17.9% | 21.9% | 12.3% | – | – |
| TIL | ₹1,559 cr | – | 14.0x | -31.8% | 2.2% | 3.2% | +94.7% | – |
| INDOFARM | ₹557 cr | 22.3x | 1.0x | 4.6% | 7.4% | 13.1% | – | – |
| BRADYM | ₹119 cr | 24.6x | 2.2x | 9.6% | 12.3% | 7.5% | +6.6% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-22 | Dividend | Dividend - Rs 12.28 Per Share |
| 2026-06-05 | Dividend | Interim Dividend - Rs 2.30 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2025-11-03 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2025-09-22 | Dividend | Dividend - Rs 1.20 Per Share |
| 2025-05-15 | Dividend | Interim Dividend - Rs 15 Per Share |
| 2025-02-14 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2024-09-13 | Dividend | Annual General Meeting/Dividend - Rs 15.50 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2023-09-20 | Dividend | Dividend - Rs 5 Per Share |
| 2023-09-20 | Other | Annual General Meeting |
| 2023-02-24 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2022-09-15 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2022-09-08 | Restructuring | Demerger |
| 2022-03-29 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2022-02-17 | Other | Extra Ordinary General Meeting |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 4.80 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share |
| 2020-03-19 | Dividend | Interim Dividend - Rs 2.5 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Mining & Construction Products: Manufacturing, Supplying & after sales- service of Mining & Construction Products for Open Cast Mines, Construction segment and for exports requirements
- Manufacturing of Rail & Metro Products: Manufacturing & Supplying Metro cars to Mumbai Metropolitan Regional Development Authority and Delhi Metro Rail Corporation and Maintenance Vehicles to Indian Railways
- Manufacturing of Defence Products: Manufacturing, Supplying & after sales- service of High Mobility Vehicle for various applications, Recovery Vehicles, Aerospace components and Tank aggerates to Defence Services and other DPSUs/ Private players.
| Sector | Industrials |
| Industry | Construction Vehicles |
| Sub-industry | Construction Vehicles |
| Symbol | BEML |
| BSE code | 500048 |
| ISIN | INE258A01024 |
| Face value | ₹5.0 |
| Incorporated | 1964-05-11 |
| Website | www.bemlindia.in |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.