Following the announcement of securing an order worth Rs. 250 crore, the share price of this small-cap PSU stock surged by 9% on BSE to hit an intraday high at Rs. 4,036 during the morning trading session of Friday.
At 11:45 a.m., the shares of BEML Limited were trading in the green at Rs. 3,999.85, up by 8.11 percent, with a market capitalisation of Rs. 16,657.2 crore.
According to the latest regulatory filings with the stock exchanges, BEML Limited bagged an order from Northern Coal Fields Limited for dump trucks contract worth Rs. 250 crore.
Earlier on 29th February, the company secured an order from Eastern Coalfields Limited for BH100 Rear dumper contract value worth Rs. 72.71 crores.
BEML witnessed a rise in revenue from operations by 9.05 percent YoY from Rs. 1,388 crore in Q4 FY22-23 to Rs. 1,513.65 crore in Q4 FY23-24 and grew by 44.6 percent QoQ from Rs. 1,047 crore in Q3 FY23-24 to Rs. 1,513.65 crore in Q4 FY23-24.
The net profit of the company stood at Rs. 256.8 crore in Q4 FY23-24, increasing by 433 percent QoQ from Rs. 48.2 crore in Q3 FY23-24 and by 63 percent YoY from Rs. 157.7 crore in Q4 FY22-23.
As on 31st March 2024, the order book stood at Rs. 1,126 crore during Q4 FY23-24, while the company executed orders worth Rs 1,484 during the quarter.
As of March 2024, FIIs hold 9.91 percent of the shares, whereas DIIs hold 17.79 percent of the shares in the company, aggregating to 27.7 percent of the institutional holdings.
The stock has delivered about 180 percent of multibagger returns in the last one year and nearly 72 percent in the last six months. So far in 2024, it has given around 39.7 percent of positive returns.
Established in 1964, BEML Limited is a Schedule-A Public Sector Enterprise under the administrative control of the Department of Defence Production, Ministry of Defence, operating in three different business verticals: Mining & Construction, Defence & Aerospace and Rail & Metro.
Written by Shivani Singh
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