Rs 11,872 Crore Order Book: Defence Engineering Company Secures Rs 3,658 Crore Order from Chennai Metro Rail
The company’s shares have delivered an impressive return around 75 per cent in the past year.
This Small-Cap company 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.
As per the press release, BEML Ltd has been awarded a contract by Chennai Metro Rail Ltd for the design, manufacture, supply, testing, commissioning, and personnel training, along with a 15-year comprehensive maintenance contract for standard gauge metro rolling stock (Electrical Multiple Units) and depot machinery & plant. The contract is valued at approximately Rs 3,658 crore.
Past Order
BEML Ltd recently received a significant order worth Rs 246.78 crore from Central Coalfields Limited (CCL). The order includes the supply of 48 advanced BH60M Rear Dump Trucks, along with spares and consumables for a period of 1+4 years, accompanied by comprehensive after-sales service support.
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The BH60M Rear Dump Truck is a high-performance vehicle equipped with a powerful Cummins engine that delivers 480 kW (644 FHP) at 2000 rpm, combined with an advanced Allison transmission. Designed to handle the tough demands of mining operations, it boasts a payload capacity of 54,500 kg. The truck features an ergonomically designed cabin for enhanced operator comfort and control, along with Orbitrol full-time power steering and a compact turning radius for exceptional maneuverability.
Share and Financial Performance
Currently, the shares of this small-cap defence engineering company are at around at Rs 4,257 each and the current market capitalization stands at Rs 17,728 crore. Additionally, the shares have delivered an impressive return of over 185 per cent in the past 2 years.
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.