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Earnings Call

BEML Earnings Call: Key Takeaways

BEML's FY26 Investor Presentation highlights record order book of ₹15,896 Cr and revenue growth of 8% YoY to ₹4,351 Cr, driven by major rail and defense projects.

Why this was an Alfa AlertNot a filter event. PAT and EBITDA margins saw significant year-on-year declines rather than beats.
Highlights
Revenue growth8% YoY growth in FY26.
MarginsEBITDA margin contracted to 7.54% from 13.20% YoY.
Order book₹15,896 Cr as of 31.03.2026.
Demand visibilityStrong pipeline in Metro (Tel Aviv, Dublin) and defense exports.
Management confidenceStrong visibility from highest-ever order book.

Growth

FY26 Revenue grew 8% to ₹4,351 Cr; PAT declined 50% to ₹148 Cr due to margin compression.

Outlook

Strong $107M export order book; pursuing $250M Tel Aviv Metro and $90M Dublin MetroLink opportunities; new Bhopal plant expansion.

Risks

EBITDA margins dropped significantly from 13.20% to 7.54% YoY; PAT halved during the period.

Last quarter's promises, checked

Delivered

  • Order Book >₹16,000 Cr → delivered ₹16,300 Cr (= BEAT)
  • Bhopal plant approval → delivered ₹1,500 Cr investment (= BEAT)
  • Inventory reduction → delivered reduction in days (= BEAT)

Partly delivered

  • Order book target ₹20,000 Cr → delivered ₹15,896 Cr (= PARTIAL)

Missed

  • Revenue growth 20% guidance → delivered 8% (= MISS)
  • Profitability improvement → delivered 50% PAT decline (= MISS)
  • EBITDA margin stability → delivered 7.54% vs 13.2% YoY (= MISS)
Source

Earnings Call filed with NSE, NSE: BEML. Summary written with AI assistance from the document.

Read the document ↗

BEML Ltd: key numbers

Share price
₹2,120.00
Market cap
₹17,657 Cr
Revenue (annual)
₹4,351 Cr
Net profit (annual)
₹141.6 Cr
P/E (TTM)
107.8×Sector 32.5×
Promoter holding
54.03%+0.00% QoQ
FII holding
5.27%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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14:04 IST NSE
New Order Win

BEML Bags ₹6,229 Cr Order

BEML Limited secured new orders worth ₹6,229 Crore during Q2 FY2026-27. The company's total order book position reached ₹21,388 Crore as of September 30, 2026.

Value
₹6,229 Cr
Order book
₹21,388 Cr