BEML Land Assets Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

BEML Land Assets Ltd trades at ₹173, in a downtrend and 38 weeks into that stage. That is −9.6% against its own 200-day average. It sits at 18% of a 52-week range of ₹161 to ₹228. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (8 weeks and counting).

Today the stock is in a downtrend — week 38 of stage 4, confirmed. At ₹173 it trades −9.6% versus its 200-day average and sits at 18% of its 52-week range (₹161–₹228).

Against the market, two honest reads. Cumulative: over the last 3.3 years the stock moved −30% while the NIFTY 500 moved +56% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (8 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

BEML Land Assets Ltd trades at 314.0× P/E, against too little history to rank. Its long-run median P/E is 314.1×. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 314.0× is against too little history to rank, against a long-run median of 314.1×. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read.

BEML Land Assets Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

43.9/100 — rank 7 of 12 in Construction & Contracting · 58% evidence confidence

BEML Land Assets Ltd scores 43.9 out of 100 against the 12 companies it is compared with in Construction & Contracting, ranking 7. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 19.8 + 7 + 8.5 + 8.6 = 43.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

BEML Land Assets Ltd reported ₹1.0 Cr of revenue in the Jun 26 quarter. The last full year, FY26, came in at ₹1.0 Cr. The last four reported quarters add to ₹2.0 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY26 revenue came in at ₹1.0 Cr (null on the year). The latest quarter (Jun 26) printed ₹1.0 Cr, null year on year.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

BEML Land Assets Ltd's operating margin is 67.3% in the Jun 26 quarter.

The latest quarter's operating margin is 67.3%, null pp against the same quarter a year ago. Across 1 fiscal years the operating margin has ranged −210.2%–−210.2%.

Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

BEML Land Assets Ltd posted a net loss of ₹0.5 Cr in the Jun 26 quarter. Full-year FY26 profit was ₹0.0 Cr. That loss is 48.0% of the quarter's revenue. The same quarter a year earlier lost ₹2.7 Cr. 11 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹−0.5 Cr, null year on year. On the full year, FY26 printed ₹0.0 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

BEML Land Assets Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹1.3 Cr of operating cash against ₹0.0 Cr of profit. After ₹0.0 Cr of capital spending, ₹1.0 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹1.3 Cr against reported profit of ₹0.0 Cr, leaving free cash of ₹1.0 Cr after ₹0.0 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: the visible cash user is investment — the next section checks what the spending is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

BEML Land Assets Ltd does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran ₹0.0 Cr over the last 3 years. Averaged over those years that is 0.0% of FY26 revenue a year.

Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.

On the investment side: capital spending of ₹0.0 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

BEML Land Assets Ltd earns a ROCE of −193% in FY26. Return on invested capital clears the cost of that capital by −23.7 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 1.0% net margin on 0.07× asset turns.

FY26 ROCE is −193%.

🚨 Why the return is what it is — the wiring (FY26): 1.0% net margin × 0.07× asset turns × 11.70× balance-sheet leverage ≈ 0.8% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: −11.7% − 12.0% = a −23.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

BEML Land Assets Ltd carries total debt of ₹12.0 Cr against shareholder equity of ₹1.0 Cr as of Mar 26, a debt-to-equity of 12.00. On the annual view that ratio went from 0.11 in FY23 to 12.00 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹12.0 Cr against shareholder equity of ₹1.0 Cr — a debt-to-equity of 12.00. On the annual view, debt-to-equity went from 0.11 (FY23) to 12.00 (FY26). Read the returns on this page with that leverage in mind.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of BEML Land Assets Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved −0.1 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −0.2 points over 8 quarters to 8.2%; Foreign institutions: −0.1 points over 8 quarters to 0.0%; Promoters: +0.0 points over 8 quarters to 54.0%.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

BEML Land Assets Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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