BEML Ltd.

13 Nov 2015

1284.40

1.70%

BEML Ltd- Research Report

Hold: BEML Ltd.

Angel Broking

BEML reported standalone sales of Rs621cr for 2QFY2016, up 37.7% yoy (ahead of our expectation of Rs599cr). At the EBITDA level, the company reported losses of Rs13cr, in-line with our expectation. The impact of losses at EBITDA level was seen at the PAT level too, as the company reported a net loss of Rs30cr, against our loss expectation of Rs12cr. Notably, the quantum of loss has narrowed down on a yoy basis. BEMLs order book as of 2QFY2016 stands at ~Rs6,376cr, which gives revenue visibility for over the next few quarters. Valuation: During the quarter, BEML impressed us by reporting strong execution, mainly seen across the Construction & Mining Equipments segment. Also, BEML has reported a Rs1,771cr of order inflows, across all the 3 business segments. Reported order inflows, emerging bid pipeline, indicate us that BEML should end FY2016E with strong order inflows of Rs2,900cr. A strong awarding environment should lead to improvement in the execution. Accordingly, we expect BEML to report a 19.4% top-line CAGR during FY2015-17E. At the back-drop of improved execution and better absorption of fixed costs, we expect BEML to report a strong 529.2% PAT CAGR during FY2015-17E. On the whole, we are optimistic that the...

Comment

BEML Ltd.'s price crossed above SMA30 today

BEML Ltd.

03 Aug 2015

1284.40

1.70%

BEML Ltd: Massive Growth Opportunity on Capex Cycle Revival (Aug 03, 2015)

Buy: BEML Ltd.

Karvy

We expect the revenue to grow at a CAGR of 22% during FY15-FY17E and EBITDAto increase at a CAGR of 128% during FY15-FY17E. Accordingly, we also expectRoCE to expand to 13% and 15% during FY16E and FY17E from 4% in FY15 onthe back of higher execution of orders in hand.

Comment

BEML Ltd. has lost -27.64% in the last 3 Months

BEML Ltd.

02 Mar 2015

1284.40

1.70%

Bharat Earth Movers Ltd. (BEML)

Buy: BEML Ltd.

Ashika Research

BEML, is a Miniratna PSU, having business interest in Construction and Mining (C&M;) Equipment, Defence and Railways. Under C&M; equipment, it manufactures a wide range of heavy earthmoving...

Comment

BEML Ltd. is trading below all available SMAs

Name	Companies Held
Hitesh Ramji Javeri and As...	50
Mahendra Girdharilal	50
Mukul Agrawal	50
Sangeetha S	50
Sharad Kanayalal Shah and ...	50

Name	Companies Held
Hdfc Trustee Company Limited	63
Birla Sun Life Trustee Com...	50
Government Pension Fund Gl...	50
Hdfc Standard Life Insuran...	50
Icici Prudential Life Insu...	50

Name	Returns(%)
Name	Week	Month	Year
Sundaram Select Focus - Reg - G	-0.01%	-2.60%	24.49%
HDFC Balance Advantage Fund - Reg - G	0.84%	-1.86%	8.91%
Reliance Large Cap Fund - Reg - G	1.35%	-2.20%	7.25%
JM Multicap Fund - Reg - G	1.40%	-1.47%	5.23%
ICICI Prudential Bluechip Fund - Reg - G	0.53%	-3.22%	4.96%

Name	Returns(%)
Name	Week	Month	Year
Motilal Oswal Midcap 30 Fund (MOF30) - Reg - G	0.83%	-3.02%	18.77%
SUNDARAM SELECT MICRO CAP SERIES X - Reg - G	0.00%	0.00%	9.63%
L&T Emerging Businesses Fund - Reg - G	0.19%	-3.29%	8.52%
Templeton India Equity Income Fund - Reg - G	0.19%	-3.85%	8.41%
SUNDARAM SELECT MICRO CAP SERIES VIII - Reg - G	0.00%	0.00%	7.98%

Name	Returns(%)
Name	Week	Month	Year
SBI EQUITY OPPORTUNITIES FUND - SERIES IV - Reg - G	0.04%	4.61%	66.00%
Principal Emerging Bluechip Fund - Reg - G	2.55%	2.89%	38.89%
Sundaram Value Fund Series III - Reg - G	0.00%	0.00%	38.76%
Baroda Mid-cap Fund - Reg - G	2.67%	-3.84%	26.13%
DSP 3 Years Close Ended Equity Fund (Maturity Date 4-Jan-2021) - Reg - G	0.00%	0.00%	26.02%