BEML Ltd share Price Today

Bharat Earth Movers Limited or BEML is an Indian company that operates in three segments – Mining and Construction, Defence and Aerospace, and Rail and Metro. The company manufactures and distributes defense and mining equipment, such as high-mobility trucks, aircraft towing tractors, recovery vehicles, pontoon bridge systems, bulldozers, excavators, dump trucks, water sprinklers, steel wagons, etc. The company was incorporated in 1964 and its corporate office in India is located in Bengaluru, Karnataka. As of 14 October 2022, the market capitalisation of the company stood at Rs 6,327 crore.

The company floated its IPO in July 2007 to raise Rs 526.75 crore through the sale of 49 lakh equity shares. The company is listed on both the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE) under the codes “BEML” and “500048”.

The company is a Schedule “A” company under the Ministry of Defence for supplying defence equipment to the Government. It also supplies rail coaches, metro coaches, overhead equipment cars, and EMUs to various state governments. It has four manufacturing units in India at Bengaluru, Kolar Gold Fields, Mysuru, and Palakkad. For the quarter that ended June 2022, the company reported consolidated sales of Rs 669.18 crore but suffered a net loss of Rs 82.36 crore.

The shareholding pattern of BEML Limited, as of June 2022, reflected a 54.03% stake in the company is held by promoters, a 21.31% stake is held by retail investors and others, a 16.64% stake is invested in mutual funds, a 5.91% stake belonged to Foreign institutional investors, and the remaining 2.11% stake belonged to other domestic institutions. Top mutual funds in which the company has invested include Sundaram Focussed Fund Direct Growth, Kotak Small Cap Fund Direct Growth, Quant Small Cap Fund Direct Growth, and L&T Infrastructure Fund Direct Growth.

The company’s management team comprises Mr S V Ravisekhar Rao (Company Secretary and Compliance Officer), Mr M V Rajasekhar (Director (Mining)), Mr Balmuri Vanitha (Non-Executive and Independent Director), Mr Ajit Kr Srivastava (Director (Defence Business)), and Mr Amit Banerjee (Chairman and MD), among others.

On 14 October 2022, BEML Limited’s share price was Rs 1,517.75 at the NSE and Rs 1,516.75 at the BSE. BEML Limited shares have provided a one-year return of 25.08% and their 52-week high and 52-week low prices are Rs 1,659.89 and Rs 881.29 respectively.

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

BEML share price as on 19 Apr 2024 is Rs. 3449.8. Over the past 6 months, the BEML share price has increased by 49.42% and in the last one year, it has increased by 177.03%. The 52-week low for BEML share price was Rs. 1184.1 and 52-week high was Rs. 4144.25.