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HomeINVESTMENTSelling Advice In This Defence PSU Stock, Price Fall 22% So Far...

Selling Advice In This Defence PSU Stock, Price Fall 22% So Far In February

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BEML Ltd (NSE: BEML): Defence PSU The stock: A single-sided increase was witnessed in the shares of public companies over the past few months. 

According to experts, December quarter results aren’t forthcoming, which is why profit-booking is dominant in these shares during February. 

This week on February 8 the defense company multibagger PSU BEML released its December quarter results. 

Because of the poor results, the stock has dropped 12 percent over two days. Brokerage has also rated the stock a “SELL” rating. stock.

BEML The Share Price Target

A renowned brokerage house has reduced the rating of BEML Share, a government firm that is working to support Defense and Railways, from REDUCE to SELL. 

Previously The brokerage has raised its target for BEML Share from Rs 2355 to Rs 2563. The stock ended the week at 3247 rupees. This means that the price target is 21 percent lower. 

The stock has fallen by 22 percent since February. On the 2nd of February, the stock hit a record high of Rs 4144. 

The brokerage claimed that order execution was weak and margins were low.

The Company Has Huge Hopes For Q4’s Performance

The brokerage noted that the construction and mining industries, which account for 42 percent of total revenue, could have decreased. 

In the same way, the revenues of Rail, Metro, and Defense and Aerospace will increase in double-digits and account for 29 percent of total revenue. 

Management is confident that the performance in the 4th quarter is expected to be very strong and contribute 45 percent of total revenues for FY24. 

The target of the full fiscal year year has been set at 4600 crore. This is a bit difficult.

BEML Q3 Results

The order book of the company as of December 31, is at 12,379 crore, and management has set an overall order goal of 140 billion rupees for FY24. 

The operating profit in Q3 fell by 38 percent to 56 crore. Margin fell from 8.6 percent to 5.3 percent. 

Profits have decreased by 27 percent to 48.2 crore. Revenue stood at 1047 crore which is an increase of 1 percent.

BEML Share Price Histories

BEML operates under its Ministry of Defence. It operates in various key sectors like defense power, railways, mining, power, and construction. 

It operates in three major business segments. In February of 2024, the share hit an all-time high of 4144 rupees. 

Following that, it has been adjusted by 20 percent, now at a level of 3247. 

On January 2nd, 2023 it was trading at just Rs 2703 and by March 16, 2023, it was at Rs 1128. 

In this scenario, the stock has earned returns of more than four times during one year. 

Based on the current market price it has yielded gains of 55 percent during the past three months, and 135 percent for the entire year.

About BEML Ltd Company 

BEML Limited is an India-based company based in India. The company manufactures a broad assortment of heavy earthmoving equipment. 

The company is split into three major segments Mining and Construction, Defence and Aerospace as well as Rail and Metro. 

The Mining and Construction segment manufactures and distributes equipment such as bulldozers and hydraulic excavators, wheel loaders, wheel dozers, motor graders and pipe layers, dump trucks, water sprinklers, backhoes loaders, and tire handlers. 

The Defence and Aerospace segment manufactures and provides the defense equipment for ground protection. 

It includes pontoon bridge systems for mainstream bridges, Tatra-based high mobility trucks as well as heavy and medium recovery vehicles, aircraft towing tractors, and many others. 

The Rail and Metro segment manufactures and sells overhead machinery (OHE) cars, rail coaches as well as AC electrical multi-units (ACEMUs), metro cars, as well as aluminum and steel wagons for the metro and rail sector. 

The company’s total operating revenues are 3898.95 crores and equity capital of Rs 41.77 crores.

Fundamental Analysis of BEML Ltd

Market Cap₹ 13,521 Cr.
Current Price₹ 3,245
52-wk High₹ 4,144.25
52-wk Low₹ 1,128
Stock P/E73.41
Book Value₹ 569
Dividend0.31 %
ROCE10.5 %
ROE6.30 %
Face Value₹ 10.0
P/B Value5.71
OPM8.94 %
EPS₹ 43.9
Debt₹ 391 Cr.
Debt to Equity0.16

BEML Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹3300₹3415
2025₹3500₹3641
2026₹3700₹3845
2027₹4000₹4125
2028₹4200₹4315
2029₹4451₹4515
2030₹4625₹4765
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BEML Ltd Shareholding Pattern

Promoters Holding
Dec 202254.03%
Mar 202354.03%
June 202354.03%
Sept 202354.03%
Dec 202354.03%
FII Holding
Dec 20225.50%
Mar 20235.44%
June 20236.08%
Sept 20236.79%
Dec 20239.12%
DII Holding
Dec 202219.87%
Mar 202319.72%
June 202319.51%
Sept 202319.03%
Dec 202318.97%
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Public Holding
Dec 202220.59%
Mar 202320.79%
June 202320.38%
Sept 202320.16%
Dec 202317.87%

BEML Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,474 Cr
2020₹ 3,025 Cr
2021₹ 3,597 Cr
2022₹ 4,337 Cr
2023₹ 3,929 Cr

Last 5 Years’ Net Profit:

2019₹ 63 Cr
2020₹ 64 Cr
2021₹ 69 Cr
2022₹ 129 Cr
2023₹ 183 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.18
20200.11
20210.29
20220.35
20230.15

Last 10 Years’ Profit Growth:

10 Years:14%
5 Years:3%
3 Years:33%
Current Year:37%

Last 10 years’ Return on Equity (ROE):

10 Years:3%
5 Years:4%
3 Years:5%
Last Year:6%

Sales Growth Over 10 Years:

10 Years:3%
5 Years:4%
3 Years:9%
Current Year:-6%

Conclusion

This article is a complete guide about BEML Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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