Time period given by analyst is six months when BEML Ltd. price can reach defined target.
BEML Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 5973.07 Crore) operating in Engineering sector.
BEML Ltd. key Products/Revenue Segments include Railway Items, Earth Moving Equipments, Spare Parts & Others, Sale of services, Defence Items, Scrap, Wind Energy for the year ending 31-Mar-2019.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 470.31 Crore, down -73.96 % from last quarter Total Income of Rs 1806.17 Crore and up 16.77 % from last year same quarter Total Income of Rs 402.78 Crore. Company reported net profit after tax of Rs -94.01 Crore in latest quarter.
Investment Rationale
The brokerage believes BEML is well-placed to capitalize on the opportunities in mining, defence and Railways & Metro space. The mining sector, which is now open for private sector participation, is likely to get a boost. Further, initiatives i.e.“Atmanirbhar Bharat”, “Make in India”, import ban on 101 items and hike in FDI limit in defence to 74%, along with strong ordering activities in railways and metro rail, augur well for BEML. Draft DPEPP policy, which has set ambitious revenue targets with intent to become self-reliant, provides good visibility of order book for BEML going forward.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
