Miniratna Central Public Sector Enterprise engaged in the business of manufacturing and supplying a wide range of heavy earthmoving equipment in focus, upon receiving an order worth Rs. 72.71 Crores.
With a market capitalization of Rs. 12,956 Crores, the shares of BEML Limited closed at Rs. 3,107.40, down 3.65 percent from its previous day’s close price of Rs. 3,225.05.
Bharat Earth Movers Limited (BEML) has bagged a work order in the normal course of business worth Rs. 72.71 Crores from Eastern Coalfields Limited for the supply of BH100 Rear Dumper.
Bharat Earth Movers Limited Limited (BEML) is engaged in the business of manufacturing and supplying a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces, and aluminum wagons, coaches for the metro, and many more for the Railways.
Bharat Earth Movers Limited Limited (BEML) generates 50 percent of its sales from Mining & Construction Business, Rail & Metro 27 percent, and Defence & Aerospace 23 percent. As of Q3FY24, Bharat Earth Movers Limited has a Strong order book of Rs. 12,230 Crores.
Its revenue from operations declined by 10.11 percent from Rs. 4,337 Crores in FY22 to Rs. 3,899 Crores in FY23, accompanied by increasing profits of Rs. 129 Crores to Rs. 158 Crores.
It has reported a return on equity (ROE) of 6.30 percent and a return on capital employed (ROCE) of 10.5 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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