Defence Engineering Company Secures Rs 136 Crore Ministry of Defence Contract for 8x8 High Mobility Vehicles
The company’s shares have delivered an impressive return around 80 per cent in the past year.
This Small-Cap company, a leading Defence Public Sector Undertaking under the Ministry of Defence, has secured a noteworthy Rs 136 crore contract to supply indigenously designed High Mobility Vehicles (HMV) 8x8. These advanced vehicles are integral to the Battlefield Surveillance System (BFSS) Project, bolstering India’s defence capabilities and supporting the Government’s Atmanirbhar Bharat initiative.
Produced at BEML Ltd’s cutting-edge facilities, the HMV 8x8 is engineered for superior performance and adaptability in challenging environments. Key features include an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system, and a backbone tube chassis design, ensuring exceptional mobility, stability, and operational safety.
These vehicles are designed to withstand extreme conditions, operating efficiently in temperatures ranging from -20°C to +55°C and at up to 5,000 meters. Their modular architecture enables seamless integration of various superstructures without requiring special modifications, reducing costs and ensuring compatibility across BEML’s military vehicle range, which spans configurations from 4x4 to 12x12.
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Share and Financial Performance
Currently, tBEML Ltd’s shares are at around Rs 4,453.70 each and the current market capitalization stands at Rs 18,522 crore. Additionally, the shares have delivered an impressive return of over 80 per cent in the past 1 year.
As per the Quarterly Results, in the Q2 FY25, BEML Ltd recorded a revenue of Rs 860 crore compared to Rs 917 crore. It reported an operating profit of Rs 73 crore. The net profit stood at Rs 51 crore compared to a loss of Rs 70 crore. Looking at the annual performance, the company generated a revenue of Rs 4054 crore in FY24 compared to Rs 3899 crore. The operating profit for FY24 was Rs 445 crore with a net profit of Rs 282 crore compared to a profit of Rs 158 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.