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

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/E | 73.41 |
Book Value | ₹ 569 |
Dividend | 0.31 % |
ROCE | 10.5 % |
ROE | 6.30 % |
Face Value | ₹ 10.0 |
P/B Value | 5.71 |
OPM | 8.94 % |
EPS | ₹ 43.9 |
Debt | ₹ 391 Cr. |
Debt to Equity | 0.16 |
BEML Ltd Share Price Target 2024 To 2030
Year | 1st Target | 2nd Target |
2024 | ₹3300 | ₹3415 |
2025 | ₹3500 | ₹3641 |
2026 | ₹3700 | ₹3845 |
2027 | ₹4000 | ₹4125 |
2028 | ₹4200 | ₹4315 |
2029 | ₹4451 | ₹4515 |
2030 | ₹4625 | ₹4765 |
BEML Ltd Shareholding Pattern
Promoters Holding | |
Dec 2022 | 54.03% |
Mar 2023 | 54.03% |
June 2023 | 54.03% |
Sept 2023 | 54.03% |
Dec 2023 | 54.03% |
FII Holding | |
Dec 2022 | 5.50% |
Mar 2023 | 5.44% |
June 2023 | 6.08% |
Sept 2023 | 6.79% |
Dec 2023 | 9.12% |
DII Holding | |
Dec 2022 | 19.87% |
Mar 2023 | 19.72% |
June 2023 | 19.51% |
Sept 2023 | 19.03% |
Dec 2023 | 18.97% |
Public Holding | |
Dec 2022 | 20.59% |
Mar 2023 | 20.79% |
June 2023 | 20.38% |
Sept 2023 | 20.16% |
Dec 2023 | 17.87% |
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 |
Last 5 Years’ Debt-To-Equity Ratio:
2019 | 0.18 |
2020 | 0.11 |
2021 | 0.29 |
2022 | 0.35 |
2023 | 0.15 |
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.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.