| Revenue growth | 9% VOP growth; Q4 revenue hit record ₹1800cr. |
|---|---|
| Margins | EBITDA margin 328cr (down 38%); target 16% sustainable EBITDA. |
| Order book | ₹15,900cr at FY26 end; current status ₹16,700cr. |
| Demand visibility | Strong pipeline of ₹40,000cr; 70% from Rail/Metro segment. |
| Management confidence | High on Rail/Metro/Defense; visibility of ₹950cr HMV at year start. |
Growth
VOP grew 9% YoY; PBT ₹200cr (down 51%); PAT ₹148cr (down 50%) due to legacy adjustments.
Outlook
Targets ₹18,000cr order book; 16% sustainable EBITDA; Bhopal facility for rolling stock coming next year.
Risks
Skewed Q4 sales impact working capital; commodity price inflation; international payment risks; FX volatility.
Last quarter's promises, checked
Delivered
- Guided ₹16,300cr order book → delivered ₹15,900cr-₹16,700cr (= BEAT)
- Guided 24% YoY revenue growth in Q3 → delivered record ₹1800cr Q4 (= BEAT)
- Guided 10-15% CAGR → delivered 9% VOP growth despite adjustments (= BEAT)
Partly delivered
- Guided inventory reduction by 20% → delivered working capital reduction but skewed Q4 (= PARTIAL)
- Guided Bhopal plant Phase 1 (300 cars) → facility underway but not yet operational (= PARTIAL)
Missed
- Guided 20% revenue growth for FY26 → delivered 9% VOP growth (= MISS)
- Guided ₹20,000cr order book by year-end → delivered ₹15,900cr (= MISS)
Earnings Call filed with BSE, NSE: BEML. Summary written with AI assistance from the document.
BEML Ltd: key numbers
- Share price
- ₹2,036.50
- Market cap
- ₹16,962 Cr
- Revenue (annual)
- ₹4,351 Cr
- Net profit (annual)
- ₹141.4 Cr
- P/E (TTM)
- 95.0×Sector 33.6×
- Promoter holding
- 54.03%+0.00% QoQ
- FII holding
- 5.48%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from BEML Ltd
All →BEML Other Announcement
BEML informed exchanges that CAG appointed M/s. Vaithisvaran & Co LLP as Statutory Auditor for FY 2026-27. This routine auditor change carries no financial impact.
BEML Bags ₹5,400 Cr Order from National High Speed Rail Corporation Limited
BEML secured a ₹5,400 Crore order from NHSRCL for high-speed rolling stock supply and maintenance on the MAHSR corridor. The order strengthens BEML's rail engineering backlog significantly.
- Value
- ₹5,400 Cr
- From
- National High Speed Rail Corporation Limited (NHSRCL)
BEML Annual Report
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BEML Annual General Meeting
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BEML Bags ₹180.6 Cr Order from Integral Coach Factory
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- Value
- ₹180.6 Cr
- From
- Integral Coach Factory
BEML Earnings Call Transcript: Key Takeaways
BEML reported its best first quarter in a decade with 29% revenue growth, driven by a massive 178% surge in Rail & Metro. Management remains bullish on a ₹40,000 crore bidding pipeline.
- Call
- Guides 29% growth