Rs 12,743 crore order book: This multibagger construction vehicles manufacturing company bags new orders worth Rs 329.87 crore from Ministry of Defence!

The stock gave multibagger returns of over 100 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent.

Bharat Earth Movers Limited (BEML Ltd) informed that the company bagged new orders from the Ministry of Defence for the supply of mechanical minefield marking equipment mark-II valued at approximately Rs 329.87 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. The company has a market cap of Rs 13,155 crore and as of December 31, 2023, the company’s order book stands at Rs 12,743 crore.

Today, shares of BEML Ltd plunged 0.42 per cent to Rs 3,158.95 per share from its previous closing of Rs 3,172.35 with an intraday high of Rs 3,269.95 and an intraday low of Rs 3,133.70. The stock’s 52-week high is Rs 3,315.75 and its 52-week low is Rs 1,129.10.

The company reported amazing numbers in its Quarterly Results (Q2FY24) and annual results (FY23). The net sales increased by 14 per cent to Rs 917 crore and net profit increased by 225 per cent to Rs 52 crore in Q2FY24 compared to Q2FY23.

For the fiscal year 2023 as a whole, BEML's total revenue amounted to Rs 3,898.95 crore, marking a decrease from the previous fiscal year's figure of Rs 4,337.49 crore. The Profit After Tax (PAT) also witnessed a positive rise of 17.9 per cent compared to FY22, resulting in a figure of Rs 158.78 crore.

The stock gave multibagger returns of over 100 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent. Investors should keep an eye on this Small-Cap PSU stock.

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