Rs 3177 crore order received by this company from Bangalore Metro Rail Corporation

The shares of the company have generated a multibagger return of 274 per cent in the last three years.

BEML in its latest exchange filing announced that the company has secured an order worth approximately Rs 3177 crore from Bangalore Metro Rail Corporation (BMRC).

This order entails BEML supplying Rolling Stock Contract 5RS-DM to Bangalore Metro Rail Corporation.

Additionally, the company secured an order from BDL and BEL last month in July for the supply of High Mobility Vehicles (HMV), with a total contract value of Rs 385 crore.

Today, the shares of BEML experienced a sharp rise. The stock opened at Rs 2108.88, marking a 5.3 per cent increase from the previous day's closing price of Rs 2002.40. Throughout the intraday session, the stock surged by 6.5 per cent. Ultimately, the company's shares concluded the session at Rs 2049.90, up by Rs 47.50 on the BSE.

The stock's 52-week highs and lows are recorded at Rs 2132 and Rs 1129.10, respectively. With a market capitalization of Rs 8537 Crore, the stock has exhibited remarkable performance recently, delivering a 46 per cent return in the last three months and an impressive 274 per cent return over the past three years.

When examining the company's financials, it is evident that the company's revenue declined by 10 per cent in FY23, going from Rs 4337 crore to Rs 3899 crore. The operating profit stood at Rs 364 crore, with a profit margin of 9 per cent. The net profit of the company in FY23 amounted to Rs 158 crore.

BEML Ltd produces an extensive variety of heavy earthmoving equipment that caters to the needs of the mining and construction sector. Additionally, the company crafts vehicles for defence forces and designs coaches for metro systems and the Indian Railways.