This Defence stock is engaged in defence, rail, and heavy equipment manufacturing, producing battle tank engines, metro trains, mining machinery, and military vehicles, is in focus after partnering with STX Engine for Advanced Defence and Marine Engine Solutions.
Stock Price Movement:
With a market capitalization of Rs. 12,006.73 crores, the shares of BEML Limited were trading at Rs. 2,883 per equity share, down nearly around 1.98 percent from its previous day’s close price of Rs. 2,941.25. Over the last five years, the company gave a return of 208.39 percent.
What Happened:
BEML Limited, a leading defence company in India, has partnered with STX Engine, a well-known South Korean firm, to develop and manufacture advanced battle tank and marine engines, with an additional focus on engine servicing, maintenance, and exports to friendly nations.
BEML, known for its work in defence, rail, mining, and construction, aims to expand into engine technologies with STX Engine’s expertise. This collaboration supports India’s Aatmanirbhar Bharat initiative by reducing import dependency and strengthening local manufacturing.
Order Book:
BEML Limited’s order book stood at Rs. 11,423 crore in Sep 2024, down 10.4 percent YOY from Rs. 12,743 crore in Sep 2023. For FY24, the order book stands at Rs. 11,872 crore.
Product Portfolio:
The company provides advanced defence and industrial manufacturing with a diverse portfolio of in-house developed products. In defence, they produce battle tank engines, bulletproof vehicles, mine equipment, and mobility solutions.
In rail and heavy machinery, the company manufactures Vande Bharat Sleeper Trains, metro cars, bulldozers, dump trucks, and motor graders, highlighting their expertise in transportation, construction, and mining equipment.
Recent quarter results:
BEML Limited’s revenue has decreased from Rs. 1,047 crore in Q3 FY24 to Rs. 876 crore in Q3 FY25, which is down by 19.52 percent. The net profit of BEML Limited has dropped by 50 percent from Rs. 48 crore in Q3 FY24 to Rs. 24 crore in Q3 FY25.
Written By – Nikhil Naik
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