Rs 8,570 crore order book: Small-cap PSU stock reports an 18 per cent jump in net profit; declares stellar dividend!

The stock yielded a 40 per cent return within 1 year and achieved multibagger returns of over 200 per cent within 3 years.

BEML Ltd (NSE: BEML, BSE: 500048), one of the leading mining and construction equipment manufacturers in India, announced its quarterly (Q4) and annual results (FY23) for the year ended March 31, 2023. Details are provided below:

Financial Highlights for Q4FY23: 

• The total revenue stood at Rs 1387.94 crore in Q4FY23, compared to the total revenue of Rs 1,683.59 crore in Q4FY22.
• PBT stood at Rs 278.04 crore, up 35.20 per cent over Q4FY22.  
• Profit After Tax stood at Rs 158.22 crore, up 17.63 per cent over Q4FY22.  
• The EPS for Q4FY23 is Rs 37.91.  

Financial Highlights for FY23:  

• The total revenue stood at Rs 3,898.95 crore in FY23, compared to the total revenue of Rs 4,337.49 crore in FY22.
• PBT stood at Rs 278.60 crore, up 35.41 per cent over FY22.  
• Profit After Tax stood at Rs 158.78 crore, up 17.97 per cent over FY22.  
• The EPS for Q4FY23 is Rs 37.95.  
• The total order book as of March 31, 2023 stood at Rs 8,570 crore.

Additionally, the company have declared a final dividend of Rs 5 per equity share (i.e., 50 per cent of paid-up share capital) for the year ended March 31, 2023, aggregating to Rs 10 per equity share (100 per cent of paid-up share capital).

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On Friday, shares of BEML Ltd surged 3.55 per cent to an intraday high of Rs 1,460.85 per share from its previous closing of Rs 1,410.75. At 03:30 pm, shares of the company ended the day in green, up 0.94 per cent to Rs 1,423.95 per share.

Bharat Earth Movers Limited manufactures heavy earthmoving equipment for the mining and construction industries, as well as vehicles for the defence forces and coaches for the metro and Indian Railways.

BEML has a market cap of Rs 5,900 crore with 3 years CAGR of 46 per cent. The stock yielded a 40 per cent return within 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.