Rs 11,800 crore order book: This railway and defence company bags order worth Rs 250 crore, stock gains over 180 per cent!

The company's shares have delivered an impressive return of over 470 per cent to their shareholders in the past five years.

BEML Limited manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industries, vehicles for defence forces, and coaches for the metro and Indian Railways. The company has announced the significant order received by the company.

BEML Bags Order from Northern Coalfields Limited:

BEML Limited has secured an order from Northern Coalfields Limited for a dump truck contract worth Rs 250 crores.

Also read Stock under Rs 25: Company bags a new export order worth USD 1,97,793 from the United States of America!

Shareholding Pattern of BEML Limited:

In March 2024, the promoters' stake stood at 54.03 per cent while FIIs held 9.91 per cent which increased from 9.12 per cent. The DIIs stake stood at around 17.79 per cent as per the recent update.

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Share Performance and Financial Performance of BEML Limited

On Friday, the company's stock closed at around Rs 4012.60 per share, with a market capitalisation of Rs 16,710 crore. Additionally, the stock has delivered a multibagger return of around 182 per cent in the past 1 year.

As per the Quarterly Results in Q4 FY24 BEML Limited reported revenue of Rs 1514 crore, representing a year-on-year growth of 9 per cent from Rs 1388 crore last year. The company posted an operating profit of Rs 370 crore, compared to a profit of Rs 287 crore in the same quarter last year. The company’s net profit stood at Rs 257 crore in the Q4 FY24.

BEML (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for the manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. Currently, the company operates under three major Business verticals viz., Mining & Construction, Defence, and Rail & Metro.

Investors must keep this Small-Cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.