BEML Ltd
About
BEML Limited, previously known as Bharat Earth Movers Limited is an Indian public sector undertaking that operates under the Ministry of Defence. The company works across multiple business verticals to serve the key sectors of defence, rail, power, mining and infrastructure. The defence and aerospace vertical produces high-mobility vehicles, weapon systems and aircraft towing tractors. The mining and construction vertical manufactures bulldozers, excavators and dump trucks. The rail and metro vertical manufactures rail coaches, electric multiple units and metro cars. BEML has manufacturing units in Bengaluru, Mysuru, Palakkad and Kolar Gold Fields, which are supported by 6000+ employees. In October 2024, BEML was awarded a contract worth ₹866.87 crore by the Integral Coach Factory to manufacture two high-speed train sets - the first to be produced in India that will be capable of reaching speeds up to 280 km/h.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4149 6.8% | 3885 -7.3% | 4192 16.0% | 3616 7.4% | 3365 -3.3% | 3481 7.2% | 3247 21.1% | 2681 -3.3% | 2772 4.5% | 2654 -8.1% | 2888 -3.2% | 2984 -7.5% | 3226 7.7% | 2997 -3.9% | 3119 -2.0% | 3184 - |
| Net Operating Income (INR Cr) | 4054 3.98% | 3899 -10.11% | 4337 20.59% | 3597 18.89% | 3025 -12.92% | 3474 7.26% | 3239 29.86% | 2494 -16.15% | 2975 6.16% | 2802 -3.50% | 2904 3.66% | 2801 3.18% | 2715 2.70% | 2644 -6.73% | 2835 1.43% | 2794 10.61% |
| Profit (INR Cr) | 282 78.5% | 158 22.6% | 129 86.9% | 69 7.9% | 64 1.1% | 63 -51.3% | 130 53.0% | 85 31.7% | 64 985.7% | 6 -2.8% | 6 - | -83 - | 57 -61.3% | 147 -34.6% | 224 -16.9% | 270 - |
| Assets (INR Cr) | 3620 0.7% | 3595 -20.2% | 4505 5.0% | 4288 13.7% | 3773 21.7% | 3101 -1.5% | 3147 0.3% | 3137 -2.7% | 3223 0.6% | 3204 -9.9% | 3554 -8.8% | 3898 6.0% | 3676 17.8% | 3121 5.5% | 2959 18.9% | 2489 - |
| Net Worth (INR Cr) | 2668 10.2% | 2421 2.8% | 2357 6.4% | 2214 -1.7% | 2253 3.0% | 2187 -0.6% | 2201 0.9% | 2182 2.5% | 2129 2.5% | 2077 -0.2% | 2081 0.1% | 2080 -4.4% | 2175 1.5% | 2142 4.9% | 2043 6.4% | 1920 12.3% |
| Employee Cost (INR Cr) | 822 -2.1% | 840 -2.5% | 861 1.1% | 852 0.5% | 848 5.3% | 806 -0.9% | 813 3.6% | 785 3.4% | 760 -2.0% | 775 7.2% | 723 -3.0% | 745 1.9% | 732 6.2% | 689 22.8% | 561 -2.8% | 577 - |
| Interest Cost (INR Cr) | 42 | 49 | 65 | 39 | 41 | 60 | 48 | 55 | 56 | 76 | 127 | 162 | 111 | 71 | 56 | 39 |
| Cash & Bank Balance (INR Cr) | 9 | 39 | 34 | 5 | 28 | 31 | 2 | 15 | 66 | 146 | 18 | 79 | 194 | 48 | 567 | 264 |
| Total Debt (INR Cr) | 71 | 381 | 832 | 752 | 341 | 404 | 446 | 438 | 569 | 645 | 958 | 1263 | 962 | 821 | 916 | 569 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.8% | 4.1% | 3.1% | 1.9% | 1.9% | 1.8% | 4.0% | 3.2% | 2.3% | 0.2% | 0.2% | - | 1.8% | 4.9% | 7.2% | 8.5% |
| Profit As % Of Assets | 7.8% | 4.4% | 2.9% | 1.6% | 1.7% | 2.0% | 4.1% | 2.7% | 2.0% | 0.2% | 0.2% | - | 1.6% | 4.7% | 7.6% | 10.9% |
| Profit As % Of Networth | 10.6% | 6.5% | 5.5% | 3.1% | 2.8% | 2.9% | 5.9% | 3.9% | 3.0% | 0.3% | 0.3% | - | 2.6% | 6.9% | 11.0% | 14.1% |
| Interest Cost to EBITDA % | 9.4% | 13.4% | 19.9% | 22.1% | 48.6% | 25.1% | 19.1% | 35.7% | 37.8% | 102.0% | 122.6% | - | 76.1% | 82.0% | 20.2% | 11.3% |
| Debt to Equity Ratio | 0.03 | 0.16 | 0.35 | 0.34 | 0.15 | 0.18 | 0.20 | 0.20 | 0.27 | 0.31 | 0.46 | 0.61 | 0.44 | 0.38 | 0.45 | 0.30 |
| RONW | 11.1% | 6.6% | 5.6% | 3.1% | 2.9% | 2.9% | 5.9% | 3.9% | 3.1% | 0.3% | 0.4% | - | 1.8% | 7.0% | 11.3% | 14.9% |
| ROCE | 11.7% | 8.1% | 6.0% | 3.1% | 1.8% | 6.1% | 6.8% | 4.8% | 4.2% | 2.4% | 3.8% | -0.1% | 4.4% | 8.4% | 13.9% | 19.1% |