B

BEML Limited

BEMLNSE
Market snapshot · 2026-08-11 11:22 UTC

1,902.30

+₹17.90 (+0.95%)

MARKET CAP

₹15.84K Cr

STOCK P/E

84.1x

52W HIGH

₹2,275.75

52W LOW

₹1,355.00

BOOK VALUE

₹352.25

EPS

₹22.61

ROE

4.86%

SECTOR

Industrials

DEBT/EQUITY

10.57

VOLUME

6.28L

P/B RATIO

5.40x

PEG RATIO

1.06

Sector

Industrials

Themes

RailPsuMiniratnaPresident of India Portfolio
D
Dividend
S
Split
₹2,212.93₹2,018.45₹1,823.97₹1,629.48₹1,435.00VolumeDSDDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BEML.

3.00 analysts

Price Forecast

Current
₹1,902
High Target
₹2,246
▲ +18.1%
Median Target
₹1,960
▲ +3.0%
Low Target
₹1,940
▲ +2.0%
Now₹1,902High ₹2,246Median ₹1,960Low ₹1,940Aug '25Now12M Target
Price history (1Y)
Analyst target range
3 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,468 - ₹2,41580%
6M₹1,311 - ₹2,65080%
12M₹1,110 - ₹3,00480%
Realized vol: +38.8% · Drift: +3.5%

Revenue Forecast

₹ Cr
Jun '26Current₹820.0
Sep 2026 ETrend estimate range
High₹1,091.9Base₹1,011.0Low₹930.1
Sep '25: ₹839.0 · Dec '25: ₹1,083.0 · Mar '26: ₹1,794.0 · Jun '26: ₹820.0 · Sep '26: ₹1,011.0 · Dec '26: ₹1,305.0
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E839.01,083.01,794.0820.01,011.01,305.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹-3.27
Sep 2026 ETrend estimate range
High₹5.16Base₹4.61Low₹4.05
Sep '25: ₹6.58 · Dec '25: ₹-2.73 · Mar '26: ₹21.53 · Jun '26: ₹-3.27 · Sep '26: ₹4.61 · Dec '26: ₹-1.91
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E6.58-2.7321.53-3.274.61-1.91
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
49%
Analyst Consensus
Unavailable

From 3 analysts

Mean upside+7.7%

Fundamentals

Moderate

Fundamentals institutional score is 46 using EVA spread proxy -7.1%; growth durability 98.0.

Valuation

Fairly valued

Valuation institutional score is 56 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 61 using mean target upside 7.7%; dispersion penalty 6.0; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 20 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. market sentiment provide support, while fundamentals and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Fairly valuedAnalyst Consensus NeutralTechnical Structure Weak StructureMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price2,048.7 target
Mean Upside+7.7%
Technical Score20%
Fundamental Score46%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 6.4% above historical median. Valuation is stable — currently in the fair zone (z-score: +0.44). Confidence: 80%.

Live forward EPS implies next-12-month EPS of ₹71.00. Applying the stock's normalized valuation corridor produces a fair range of ₹4,851.43 to ₹6,291.31, with base value near ₹5,613.26 (+195.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹71.00

Forward P/E

26.8x

Base Fair Value

₹5,613.26

Fair Range

₹4,851.43 - ₹6,291.31

Upside To Base

+195.1%

Estimate Source

Live forward EPS

Growth Estimate

-37.5%

P/E
Fair

5Y Average

59.78

Current

84.14

Overvalued

88.61

Undervalued

68.33

EV/EBITDA
Strongly Overvalued

5Y Average

36.03

Current

50.71

Overvalued

49.57

Undervalued

19.73

P/B
Fair

5Y Average

5.32

Current

5.40

Overvalued

6.12

Undervalued

4.52

Peers & Comparison

Sector: Industrials · Theme: Rail

Rail Peers8 peers
Avg P/E: 68.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
-12.9%3.9%
93.6x
Premium
+36% vs avg
+9.2%
-25.3%5.9%
65.8x
Fair
-4% vs avg
-21.9%
+19.8%2.4%
129.3x
Premium
+88% vs avg
+24.3%
BHARAT DYNAMICS LIMITED
BDLAerospace & Defense Equipments
-73.0%17.2%
112.0x
Premium
+63% vs avg
-13.5%
COCHIN SHIPYARD LIMITED
COCHINSHIPShipbuilding
-15.6%14.3%
55.5x
Undervalued
-19% vs avg
-9.5%
+38.5%10.7%
36.9x
Undervalued
-46% vs avg
+1.7%
MMTC LIMITED
MMTCCommodities Trading
+165.2%11360.1%
24.8x
Undervalued
-64% vs avg
+3.2%
+0.3%13.7%
31.3x
Undervalued
-54% vs avg
-6.7%
WHY THESE PEERS

BEML LIMITED trades at a premium (84.1x vs peer avg 68.6x), implying higher growth or quality expectations from the Rail cohort. Peers include TITAGARH RAIL SYSTEMS LTD, JUPITER WAGONS LIMITED, RAMKRISHNA FORGINGS LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹820 CrJun 2026

Latest net profit

₹-27 CrJun 2026

Latest EPS

₹-3.27Jun 2026

Net margin

0.3%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27-8.0%0.0%8.0%16.0%24.0%-600 Cr0.00 Cr600 Cr1.20K Cr1.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr₹-8₹0₹8₹16₹24
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherOtheradjustmentsNet Profit-300 Cr0.00 Cr300 Cr600 Cr900 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.50K Cr0.00 Cr2.50K Cr5.00K Cr7.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +5779171,0471,5146348608761,6536348391,0831,794820
Expenses +6278589911,1436847878151,2306827661,0801,522817
Operating Profit-505956370-507360423-487342722
OPM %-9%6%5%24%-8%8%7%26%-8%9%0.3%15%0.3%
Other Income +11034511554774101
Interest101181191617131010121414
Depreciation16161617171719192020212223
Profit before tax-754267348-755530395-7050-26245-34
Tax %0%-23%28%26%-7%7%17%27%-9%-9%-12%27%-20%
Net Profit +-755248257-705125288-6455-23179-27
EPS in Rs-8.966.265.8130.87-8.416.172.9734.58-7.676.58-2.7321.53-3.27
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +54.03%54.03%54.03%54.03%54.03%
FIIs +5.67%5.82%5.51%5.59%5.48%
DIIs +18.80%18.54%18.39%18.71%19.40%
Public +21.51%21.62%22.08%21.68%21.10%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 10, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Information For Investors.

Aug 07, 2026PDFCompany Reports Open

Appointment Of Secretarial Auditors.

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Dividend Updates

Aug 07, 2026PDFCompany Reports Open