BEML share price
NSE: BEMLBSE: 500048Agricultural, Commercial & Construction VehiclesSmall Cap
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
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹16,563 Cr444th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 92.95
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.65
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.86%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 6.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 8.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.10
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,61,68339.0% 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
Item Aug 2026 Rail 65% Defence 25% Exports 6% Mining 4%
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
- 1. Annual report, 3 Sep 2026, page 188
- 2. Annual report, 3 Sep 2026, page 117
- 3. Annual report, 3 Sep 2026, page 133
- 4. Annual report, 3 Sep 2026, page 132
- 5. Annual report, 3 Sep 2026, page 5
- 6. Annual report, 3 Sep 2026, page 21
- 7. Annual report, 3 Sep 2026, page 105
- 8. Annual report, 3 Sep 2026, page 48
- 9. Annual report, 3 Sep 2026, page 343
- 10. Annual report, 3 Sep 2026, page 37
- 11. Annual report, 3 Sep 2026, page 37
- 12. Earnings call, 13 Aug 2026, page 2
- 13. Annual report, 3 Sep 2026, page 5
- 14. Earnings call, 13 Aug 2026, page 7
- 15. Annual report, 3 Sep 2026, page 5
- 16. Earnings call, 13 Aug 2026, page 3
- 17. Annual report, 3 Sep 2026, page 46
- 18. Annual report, 3 Sep 2026, page 118
- 19. Annual report, 3 Sep 2026, page 6
- 20. Annual report, 3 Sep 2026, page 38
- 21. Annual report, 3 Sep 2026, page 46
- 22. Earnings call, 13 Aug 2026, page 11
- 23. Annual report, 3 Sep 2026, page 85
- 24. Annual report, 3 Sep 2026, page 8
- 25. Annual report, 3 Sep 2026, page 83
- 26. Earnings call, 13 Aug 2026, page 5
- 27. Earnings call, 13 Aug 2026, page 10
- 28. Annual report, 3 Sep 2026, page 40
- 29. Earnings call, 13 Aug 2026, page 11
- 30. Annual report, 3 Sep 2026, page 5
- 31. Earnings call, 13 Aug 2026, page 7
- 32. Earnings call, 13 Aug 2026, page 6
- 33. Earnings call, 13 Aug 2026, page 11
- 34. Earnings call, 13 Aug 2026, page 8
- 35. Exchange filing, 9 Oct 2026, page 1
- 36. Exchange filing, 18 Sep 2026, page 1
- 37. Exchange filing, 11 Aug 2026, page 1
- 38. Exchange filing, 18 Mar 2026, page 1
Results
Consolidated; ₹ crore.BEML quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +12.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −40.4%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹820 Crdown 54.32%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- −₹27 CrQuarter to Mar 2026: ₹180 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- −3.3%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 860 | 876 | 1,653 | 634 | 839 | 1,083 | 1,794 | 820 |
| Net profit | 51 | 24 | 288 | −64 | 48 | −22 | 180 | −27 |
| Net margin | 5.9% | 2.8% | 17.4% | −10.1% | 5.7% | −2.1% | 10.0% | −3.3% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,351 Crup 8.16%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹141 Crdown 51.67%
- Net margin
- 3.2%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2022, the company's revenue for that year, ₹4,337 Cr, differs from its quarters added, ₹4,268 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,829 | 3,299 | 3,474 | 3,025 | 3,557 | 4,337 | 3,899 | 4,054 | 4,022 | 4,351 |
| Net profit | 85 | 130 | 63 | 64 | 69 | 129 | 158 | 282 | 293 | 141 |
| Net margin | 3.0% | 3.9% | 1.8% | 2.1% | 1.9% | 3.0% | 4.0% | 6.9% | 7.3% | 3.2% |
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
At or below today's level on 89% of 2,186 trading days over the last 10 years.
At or below today's level on 82% of 1,938 trading days since Nov 2018.
At or below today's level on 82% of 2,472 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | With the demerger reinvestedReturn with the demerger reinvested. The yearly price growth with the price before the demerger multiplied by the demerger's price factor (its opening price on the ex-date over the close before it), plus the average dividend yield: the return of a holder who put the value of the shares of the company that was split off back into this share on the ex-date. | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 24
- CutCut. Funds that held fewer shares than at the end of the month before.
- 39
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 21
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 29,50,617 | 5.11% | ₹587.9 Cr | |
| 21,43,066 | 0.42% | ₹427.0 Cr | |
| 19,00,000 | 0.71% | ₹378.6 Cr | |
| 14,59,578 | 1.52% | ₹290.8 Cr | |
| 7,70,280 | 2.46% | ₹153.5 Cr | |
| 6,28,700 | 1.60% | ₹125.3 Cr | |
| 6,09,984 | 0.75% | ₹121.5 Cr | |
| 6,00,000 | 0.39% | ₹119.5 Cr | |
| 5,15,626 | 1.89% | ₹102.7 Cr | |
| 4,50,000 | 0.87% | ₹89.7 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,45,967 | 23.11 | 9.55 | – | – | 49.4% | 47.5% | 1.01% | |
| 85,065 | 24.47 | 5.97 | +16.5% | +8.3% | 26.3% | 11.9% | 2.42% | |
| 28,824 | 20.84 | 2.33 | +18.0% | −41.4% | 12.2% | 10.2% | 1.98% | |
| 11,845 | 27.11 | 5.89 | +5.2% | +3.3% | 24.1% | 24.5% | 0.20% | |
| 6,837 | 46.49 | 12.21 | +22.4% | +3.9% | 29.3% | 35.0% | 0.50% | |
| 6,127 | 26.89 | 4.40 | – | – | 17.9% | 18.2% | 0.00% | |
| 3,330 | 30.57 | 3.04 | +17.0% | −5.0% | 10.4% | 13.2% | 0.65% | |
| 1,665 | – | – | +21.3% | – | −31.8% | 2.1% | 0.00% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 22 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹12.28 |
| 5 Jun 2026 | Interim | ₹2.30 |
| 13 Feb 2026 | Interim | ₹2.50 |
| 22 Sep 2025 | Final | ₹1.20 |
| 15 May 2025 | Interim | ₹15.00 |
| 14 Feb 2025 | Interim | ₹5.00 |
Latest announcements
Routine notices left out.BEML announcements
Oct 2026
28 Oct · Board meeting
9 Oct · Business
Sep 2026
BEML share price by year
Each calendar year to 2025.BEML share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,859.90 | −8.6% | 2,394.35 | 1,207.20 |
| 2024 | 2,034.38 | +43.8% | 2,601.15 | 1,367.80 |
| 2023 | 1,414.60 | +92.7% | 1,439.93 | 579.20 |
| 2022Demerger | 734.15 | −10.6% | 950.25 | 573.30 |
| 2021 | 821.55 | +69.6% | 1,022.08 | 450.03 |
| 2020 | 484.48 | −1.5% | 517.23 | 194.85 |
| 2019 | 492.00 | +8.7% | 529.33 | 355.68 |
| 2018 | 452.60 | −44.1% | 799.35 | 264.33 |
| 2017 | 809.13 | +61.7% | 967.05 | 496.78 |
| 2016 | 500.30 | −21.9% | 650.35 | 392.53 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 1,946.20 | 1,982.30 | 1,946.20 | 1,975.90 | 1,963.54 | 80,979 | 28.1% |
| 28 Oct 2026 | 1,990.00 | 1,997.30 | 1,960.00 | 1,964.60 | 1,972.22 | 1,02,347 | 23.8% |
| 27 Oct 2026 | 1,869.70 | 2,009.80 | 1,859.00 | 1,998.60 | 1,968.69 | 6,72,024 | 29.2% |
| 26 Oct 2026 | 1,840.50 | 1,849.90 | 1,809.00 | 1,844.60 | 1,834.23 | 1,14,508 | 36.0% |
| 23 Oct 2026 | 1,905.00 | 1,905.30 | 1,806.00 | 1,851.30 | 1,842.56 | 2,09,406 | 30.2% |
| 22 Oct 2026 | 1,866.30 | 1,917.90 | 1,834.20 | 1,907.70 | 1,882.88 | 2,32,761 | 31.7% |
| 21 Oct 2026 | 1,952.10 | 1,964.40 | 1,846.20 | 1,888.30 | 1,885.39 | 2,39,846 | 37.6% |
| 19 Oct 2026 | 1,987.00 | 2,004.90 | 1,930.00 | 1,938.40 | 1,966.56 | 1,76,296 | 26.8% |
| 16 Oct 2026 | 1,940.20 | 1,982.00 | 1,923.90 | 1,968.50 | 1,968.86 | 1,53,847 | 35.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 3 Nov 2025 | Split | 0.5000 | Each share became 2. |
| 8 Sep 2022 | Demerger | 0.7961 | Part 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. |
Company details
- NSE symbol
- BEML
- BSE code
- 500048
- ISIN
- INE258A01024
- Industry
- Agricultural, Commercial & Construction Vehicles
- Website
- www.bemlindia.in
- 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