BEML logo

BEML share price

NSE: BEMLBSE: 500048Agricultural, Commercial & Construction VehiclesSmall Cap

BEML Limited · Formerly Bharat Earth Movers · Face value ₹5 · Listed Nov 2003
Last close ₹1,988.60up ₹12.70 (0.64%)BSE ₹1,987.40

Share price at the NSE close on 30 Oct 2026. Previous close ₹1,975.90.

30 Oct: open ₹1,970.00, high ₹2,004.60, low ₹1,952.80

52-week range of traded prices to 30 Oct 2026
₹1,355.00Low, 30 Mar 2026₹2,268.00High, 30 Oct 2025
Market cap
₹16,563 Cr444th largest listed
P/E
92.95
P/B
5.65
Dividend yield
0.86%
ROE
6.1%
ROCE
8.1%
Debt to equity
0.10
Volume, NSE
1,61,68339.0% delivered

BEML share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses, with the demerger of Sep 2022 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

−10.3%over a year · Nifty 500 −8.2%

ResultsDividendSplit, bonus, rights or demerger20-session average 2,00,185 shares a day, 35.3% delivered

About BEML

BEML Limited is a Bengaluru-based public sector company that designs and makes equipment for defence and aerospace, rail and metro, and mining and construction.12 Its customers include the Ministry of Defence, the Ministry of Railways, Coal India, the Indian Space Research Organisation and metro rail corporations in India, and governments and large private firms abroad.3

Its products include high mobility vehicles, armoured recovery vehicles, aerospace components and parts for tanks; dozers, dump trucks, excavators and loaders; and metro cars and rail maintenance equipment.4 It built what the company calls India's first indigenous Vande Bharat Sleeper Train, which the Prime Minister flagged off in January 2026.5 It runs manufacturing complexes at Bengaluru, Kolar Gold Fields (KGF), Mysuru and Palakkad, and is organised into 14 strategic business units.2 It had 4,870 employees on 31 Mar 2026.2 Its brand identity is Infinix.6

It was incorporated in 1964.7 The company is under the administrative control of the Department of Defence Production, Ministry of Defence.1 In December 2016, the Ministry of Defence said the Cabinet Committee on Economic Affairs had approved in principle the sale of 26% of the company's equity, out of the Government of India's 54.03% stake at the time, with management control; the annual report states no completed sale.8 Surplus and non-core assets were moved by demerger into a separate company, BEML Land Assets Limited, effective August 2022.8 At the end of March 2026, its subsidiary Vignyan Industries was in voluntary liquidation and MAMC Industries had yet to start operations.9

BEML key points

Results

  • Revenue from operations was ₹4,351 crore in the year to Mar 2026, which the company calls a record, while profit before tax fell from the year before.10
  • In the year to Mar 2026 it booked one-time provisions of more than ₹257 crore for metro supplier price rises and exchange-rate effects, expected losses on long contracts and a revision of the gratuity (lump sum paid to departing staff) ceiling.11
  • On its earnings call of 13 Aug 2026, the company said its top line (revenue) grew 29% in the quarter to Jun 2026 and its overall loss was down by almost 50%; it gave no rupee figures.12

Business segments

  • Defence and aerospace made up 35% of sales in the year to Mar 2026, when its turnover grew 38%; in the quarter to Jun 2026 defence grew 25%.1314
  • Rail and metro made up 24% of sales in the year to Mar 2026; in the quarter to Jun 2026 rail and metro grew 178%.1514
  • Mining and construction sales fell 14% in the quarter to Jun 2026; about 80% of the company's mining equipment goes to Coal India and its subsidiaries.1416

Where revenue comes from

  • Exports were ₹176.50 crore in the year to Mar 2026, including ₹75.53 crore of physical exports and ₹100.98 crore of deemed exports (supplies in India that the rules treat as exports), against ₹298.82 crore a year earlier.17
  • Its main export markets are the Middle East, Africa and Southeast Asia; in the year to Mar 2026 it exported to Uzbekistan, Russia, Oman, Tunisia, Thailand, Dubai and Indonesia.18

Order book

  • The order book (orders received but not yet delivered) was ₹16,285 crore on 1 Jul 2026.19
  • The order book was ₹15,896 crore at the end of March 2026, against ₹14,610 crore a year earlier, after more than ₹4,154 crore of orders were executed.2021
  • Share of the order book by business, Aug 202622
    ItemAug 2026
    Rail65%
    Defence25%
    Exports6%
    Mining4%

Research and development

  • The company spent ₹251.35 crore on research and development in the year to Mar 2026.23
  • It was granted 24 intellectual property rights, including 7 patents, in the year to Mar 2026.24
  • It is designing the B28 high-speed train, a chair-car (seated, not sleeper) train set for 249 km per hour in service and 280 km per hour in testing; on its earnings call the company said the train is 100% Indian, including its intellectual property.252627

Expansion and capital spending

  • Capital spending was ₹379 crore in the year to Mar 2026, which the annual report calls a record level.28
  • On its earnings call of 13 Aug 2026, the company said it had planned around ₹600 crore or more of capital spending this year and, once Brahma starts, another around ₹900 crore or so, spread over the next year and maybe the year after.29
  • On its earnings call of 13 Aug 2026, the company said construction of Brahma, its rail manufacturing complex near Bhopal, Madhya Pradesh, had yet to start, and that it expects the first equipment 18 months after construction begins.3031
  • The company said on 13 Aug 2026 that the Chhattisgarh cabinet had approved around 80 acres for it near Bilaspur, in Mungeli, for a plant for wheeled mining equipment.16

What the company expects

  • The company said on 13 Aug 2026 that, if all goes well, it expects revenue growth in the high 20s per cent in the year to Mar 2027 and an EBITDA margin (operating profit before depreciation, as a share of revenue) of at least 13%.32
  • The company said it expects order inflow of about ₹20,000 crore in the year to Mar 2027, putting the probability at around 30% to 40%.33
  • The company said it expects to end the year to Mar 2027 with an export order book of around $200 million.12
  • On its earnings call of 13 Aug 2026, the company said that in about 5 years it expects rail, metro and defence together to be around 65% to 70% of revenue, and mining and construction (heavy earth moving equipment) about 30%.34

Recent events

  • BEML won an order worth about ₹75.58 crore for the export and maintenance of HMV 12x12 and HMV 8x8 high mobility vehicles to the Southeast Asian region.35
  • BEML won an order worth more than ₹5,400 crore from National High Speed Rail Corporation Limited to supply and maintain high-speed trains for the Mumbai Ahmedabad High Speed Rail Corridor.36
  • BEML won a ₹184.25 crore order from Hindustan Aeronautics Limited to make fuselage structures for the Light Combat Helicopter.37
  • BEML received its first overseas order for metro trains, a letter of intent worth about $60 million for standard gauge metro rolling stock for the African region.38

Last updated

All 38 sources, each with its page

Results

Consolidated; ₹ crore.BEML quarterly results

Revenue growth, 12 months
+12.8%
Net profit growth, 12 months
−40.4%

Quarter to Jun 2026, against the quarter before

Revenue
₹820 Crdown 54.32%
Net profit
−₹27 CrQuarter to Mar 2026: ₹180 Cr
Net margin
−3.3%

Revenue by quarter

₹860 CrSep 24₹876 CrDec 24₹1,653 CrMar 25₹634 CrJun 25₹839 CrSep 25₹1,083 CrDec 25₹1,794 CrMar 26₹820 CrJun 26
Peak revenue ₹1,794 Cr, quarter to Mar 2026; lowest ₹634 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹51 CrSep 24₹24 CrDec 24₹288 CrMar 25−₹64 CrJun 25₹48 CrSep 25−₹22 CrDec 25₹180 CrMar 26−₹27 CrJun 26
A loss in the quarter to Jun 2026, −₹27 CrA loss in 3 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue8608761,6536348391,0831,794820
Net profit5124288−6448−22180−27
Net margin5.9%2.8%17.4%−10.1%5.7%−2.1%10.0%−3.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the quarter to Dec 2018 the company reports one business segment, EXMPT, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2022: days before it are of the company before the change.BEML PE ratio and valuation

Price to earnings

At or below today's level on 89% of 2,186 trading days over the last 10 years.

LowestHighest
Its median56.24Industry median24.17
Price to book

At or below today's level on 82% of 1,938 trading days since Nov 2018.

LowestHighest
Its median2.92Industry median3.72
Dividend yield

At or below today's level on 82% of 2,472 trading days over the last 10 years.

LowestHighest
Its median0.61%Industry median0.74%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearWith the demerger reinvestedEarnings growthChange in P/EDividend yield
1 year−13.7%–−51.7%+76.1%1.2%
3 years+30.5%–−3.6%+34.5%0.8%
5 years+17.7%+23.1%+15.5%+1.2%0.8%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Return a year is the share as it traded across the demerger; the next column is the same return with the demerger reinvested, empty for a window with no demerger in it.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.BEML shareholding pattern

Shareholding by group

  • Promoters54.03%
  • Foreign institutions5.26%
  • Indian institutions21.52%
  • Individuals and others19.19%
Holder
PRESIDENT OF INDIAPromoter54.03%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.22 pts, Indian institutions +2.13 pts, mutual funds +0.27 pts.

Mutual fund holdings

88 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 56 of the 63 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 88 funds holding BEML

Bought for the first time
3
Added
24
Cut
39
Held unchanged
21
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 31 Oct 2025.BEML insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

BEML competitors and peers

Agricultural, Commercial & Construction Vehicles, 16 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to BEML in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Tata Motors logoTata MotorsTMCV1,45,96723.119.55––49.4%47.5%1.01%
Ashok Leyland logoAshok LeylandASHOKLEY85,06524.475.97+16.5%+8.3%26.3%11.9%2.42%
Escorts Kubota logoEscorts KubotaESCORTS28,82420.842.33+18.0%−41.4%12.2%10.2%1.98%
Action Construction Equipment logoAction Construction EquipmentACE11,84527.115.89+5.2%+3.3%24.1%24.5%0.20%
SML Mahindra logoSML MahindraSMLMAH6,83746.4912.21+22.4%+3.9%29.3%35.0%0.50%
Ajax Engineering logoAjax EngineeringAJAXENGG6,12726.894.40––17.9%18.2%0.00%
V.S.T Tillers Tractors logoV.S.T Tillers TractorsVSTTILLERS3,33030.573.04+17.0%−5.0%10.4%13.2%0.65%
TIL logoTILTIL1,665––+21.3%–−31.8%2.1%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.BEML dividend history

Dividend per share, ₹, restated for later splits and bonuses

4Mar 174Mar 183.5Mar 193Mar 203Mar 215Mar 225Mar 2310Mar 2411Mar 2517Mar 26
Highest ₹17.08 a share, year to Mar 2026.
Ex-dateTypePer share
22 Sep 2026Final₹12.28
5 Jun 2026Interim₹2.30
13 Feb 2026Interim₹2.50
22 Sep 2025Final₹1.20
15 May 2025Interim₹15.00
14 Feb 2025Interim₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.BEML announcements

BEML share price by year

Each calendar year to 2025.BEML share price history

YearClose at year endChangeHighest closeLowest close
20251,859.90−8.6%2,394.351,207.20
20242,034.38+43.8%2,601.151,367.80
20231,414.60+92.7%1,439.93579.20
2022Demerger734.15−10.6%950.25573.30
2021821.55+69.6%1,022.08450.03
2020484.48−1.5%517.23194.85
2019492.00+8.7%529.33355.68
2018452.60−44.1%799.35264.33
2017809.13+61.7%967.05496.78
2016500.30−21.9%650.35392.53
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 8 Sep 2022 reinvested, the change in 2022 is +12.2%.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20261,946.201,982.301,946.201,975.901,963.5480,97928.1%
28 Oct 20261,990.001,997.301,960.001,964.601,972.221,02,34723.8%
27 Oct 20261,869.702,009.801,859.001,998.601,968.696,72,02429.2%
26 Oct 20261,840.501,849.901,809.001,844.601,834.231,14,50836.0%
23 Oct 20261,905.001,905.301,806.001,851.301,842.562,09,40630.2%
22 Oct 20261,866.301,917.901,834.201,907.701,882.882,32,76131.7%
21 Oct 20261,952.101,964.401,846.201,888.301,885.392,39,84637.6%
19 Oct 20261,987.002,004.901,930.001,938.401,966.561,76,29626.8%
16 Oct 20261,940.201,982.001,923.901,968.501,968.861,53,84735.8%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
3 Nov 2025Split0.5000Each share became 2.
8 Sep 2022Demerger0.7961Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director and CEO
SHANTANU ROY
At the end of the quarter to Sep 2026
NSE symbol
BEML
BSE code
500048
ISIN
INE258A01024
Industry
Agricultural, Commercial & Construction Vehicles
CIN
L35202KA1964GOI001530
Corporate identity number, the registrar of companies' code for it
Incorporated
1964
Registered office
BEML Soudha, No. 23 / 1, 4th Main Road, S R Nagar, Bengaluru 560027, Karnataka
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments