Rs 9,378.11 crore order book: This small-cap company receives order worth Rs 385 crore from Bharat Dynamics Ltd & Bharat Electronics Ltd!
The stock gave 53 per cent returns in just 1 year and achieved multibagger returns of over 200 per cent within 3 years.
Bharat Earth Movers Limited informed that the company has bagged order from Bharat Dynamics Ltd (BDL) and Bharat Electronics Ltd (BEL) for the supply of High Mobility vehicles (HMV). The total Contract value is Rs 385 crore. Previously, the company has bagged order from the Ministry of Defence (MOD) for the supply of High Mobility vehicles. The total Contract value is Rs 423.11 crore.
As of March 31, 2023, BEML's total order book stood at Rs 8,570 crore. Including the above orders, the company’s current order book stands at Rs 9,378.11 crore.
BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defence forces and coaches for the metro and Indian Railways.
On Wednesday, shares of BEML Ltd surged 2.60 per cent to Rs 1,612.55 per share from its previous closing of Rs 1,571.65 with an intraday high of Rs 1,638 and an intraday low of Rs 1,581.70.
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BEML has a market cap of Rs 6,715 crore with 3 years CAGR of 45 per cent. The company reported amazing numbers in its Quarterly Results (Q4) and annual results (FY23) with a healthy order book.
The stock gave 53 per cent returns in just 1 year and achieved multibagger returns of over 200 per cent within 3 years. Investors should keep an eye on this Small-Cap PSU stock.