# BEML share price today (BEML Ltd, NSE: BEML)

> BEML share price today: ₹2,051.70 at the NSE close on 3 November 2026, down 6.7% in a year. BEML (NSE: BEML) is worth ₹17,085 crore, trades at a P/E of 95.7 and has closed between ₹1,436.90 and ₹2,134.25 over the past 52 weeks. > BEML Ltd's share price has risen faster than its earnings: −6.7% in a year, against −51.6% for earnings per share. BEML · Aerospace & Defence - Equipments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/beml-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹2,051.70 (−6.7% in a year)
- P/E: 95.7× (higher than 97% of the last 10 years)
- Revenue (Jun 2026): ₹820 Cr (+29.3% on a year ago)
- Profit (Jun 2026): −₹27.0 Cr
- Operating margin: 0.2% (+8.2 points on a year ago)
- ROCE: 8%, FY26
- ROIC: 5.8%, against a 12.0% cost of capital: −6.2 points

The main question: the share price moved −6.7% in a year while yearly earnings per share moved −51.6%. The difference came from the market paying a higher multiple. ## What is the BEML share price today? BEML Ltd's share price was ₹2,051.70 at the close on 3 November 2026. It has been rising for 10 weeks. That is 9.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,437 and ₹2,134, and at that close it sat 88% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 11 years the share price moved +389% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at BEML this quarter? 2 points on a year earlier. 1. Profit grew again in the June 2026 quarter Profit was ₹-27 crore, +57.8% on a year earlier (₹-64 crore), after 3 quarters of decline. Why: The loss shrank because rail and metro sales jumped, driving the quarter's revenue recovery. Next results: check whether Bengaluru Metro starts commercial service and LHB/Vande Sleeper finishes production. From the earnings call on 13 Aug 2026. 2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row From 18.4% to 21.5% of the company by the September 2026 quarter. 3. Operating margin up 8.2 points on a year earlier 0.2% in the June 2026 quarter, from -8%. Why: Operating margin turned positive because rail and metro sales jumped and the factory ran more work, spreading fixed costs. From the earnings call on 13 Aug 2026. ## What dividend does BEML pay? BEML paid ₹17.08 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 0.83% at the ₹2,051.70 close on 3 November 2026. The last was a dividend of ₹12.28 a share, ex-date 22 September 2026. ### BEML dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 22 Sep 2026 | ₹12.28 | Dividend | same day |
| 5 Jun 2026 | ₹2.30 | Interim | same day |
| 13 Feb 2026 | ₹2.50 | Interim | same day |
| 22 Sep 2025 | ₹1.20 | Dividend | same day |
| 15 May 2025 | ₹15 | Interim | same day |
| 14 Feb 2025 | ₹5 | Interim | same day |
| 13 Sep 2024 | ₹15.50 | Dividend | n/a |
| 16 Feb 2024 | ₹5 | Interim | same day |
| 20 Sep 2023 | ₹5 | Dividend | same day |
| 24 Feb 2023 | ₹5 | Interim | same day |
| 15 Sep 2022 | ₹5 | Dividend | n/a |
| 29 Mar 2022 | ₹5 | Interim | 30 Mar 2022 |
| 16 Sep 2021 | ₹1.20 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. BEML Ltd paid out 101% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are BEML's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), BEML reported revenue of ₹820 crore, up 29.3% from ₹634 crore a year earlier, and a loss of ₹27.0 crore. ### BEML results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹820 crore | ₹634 crore | +29.3% |
| Profit | loss of ₹27.0 crore | loss of ₹64.0 crore | n/a |
| Earnings per share | ₹−3.24 | ₹−7.70 | n/a |
| Operating margin | 0.2% | −8.0% | +8.2 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). BEML's management discussed these results on a call held on 13 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the BEML share price history? BEML closed at ₹2,051.70 on 3 November 2026, down 6.7% from ₹2,199.90 a year earlier (31 October 2025) and up 216.6% over five years. Its highest weekly close since March 2016 was ₹2,529.98 on 5 July 2024. ### BEML share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,849.55 | +10.9% |
| 1 month ago · 1 Oct 2026 | ₹1,960.80 | +4.6% |
| 6 months ago · 30 Apr 2026 | ₹1,806.10 | +13.6% |
| 1 year ago · 31 Oct 2025 | ₹2,199.90 | −6.7% |
| 3 years ago · 3 Nov 2023 | ₹1,030.40 | +99.1% |
| 5 years ago · 4 Nov 2021 | ₹647.97 | +216.6% |
| 10 years ago · 4 Nov 2016 | ₹355.38 | +477.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹419.38 | +389.2% |
| Highest weekly close since March 2016 · 5 Jul 2024 | ₹2,529.98 | −18.9% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹177.94 | +1,053.0% |
| 52-week high (weekly close) · 18 Sep 2026 | ₹2,134.25 | −3.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹1,436.90 | +42.8% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on BEML? 3 Nov 2026: BEML closed at ₹2,051.70, up 10.9% on the week and up 4.6% on the month. 22 Sep 2026: ex-date for a dividend of ₹12.28 a share. ### Earlier

- 13 Aug 2026: BEML held its results call for April to June 2026. Management guided: FY27 revenue yearly growth in the high 20s if all goes well; cumulative phasing of 35% by Q2 and around 70% by Q3. - Results for April to June 2026: Revenue up 29.3% on a year earlier. - 5 Jun 2026: ex-date for an interim dividend of ₹2.30 a share. - 13 Feb 2026: ex-date for an interim dividend of ₹2.50 a share. - 3 Nov 2025: Share split: face value cut from ₹10 to ₹5 a share (ex-date). ## What did BEML management say on the latest results call? On the call for April to June 2026, held on 13 August 2026, BEML's management guided: FY27 revenue yearly growth in the high 20s if all goes well; cumulative phasing of 35% by Q2 and around 70% by Q3. > “As far as EBITDA is concerned, in FY24-25, we achieved around 13-13.3%. Last year, because of a one-off correction, it went down, but this year my expectation is that we will again get back to at least 13% EBITDA.”
> Shantanu Roy, Chairman & Managing Director, on the call for April to June 2026

### What management guided

- FY27 operating margin at least 13%; longer-term aspiration 17-18%; foreign-currency losses already booked to be mitigated by at least 20-25% this year. - Export order book around $200 million by year-end. - Opportunity size around ₹35,000-40,000 crore across Rail and Metro, Defence and Mining. - FY27 order inflow goal ₹20,000 crore with around 40% probability; future mix expected to favor Rail and Metro. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/37-13-Aug-2026.pdf). (From the call for April to June 2026, 13 August 2026.)

## What to watch in BEML's next results? When BEML reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Rail and Metro deliveries to sustain the recovery. - What to check (from the call)
- Rail and Metro deliveries to sustain the recovery. - HSR prototype to move into testing; check first-train delivery readiness and certification progress. - Earlier production to reduce debtor and inventory pressure; check second-quarter revenue phasing and working-capital trajectory. - Operating profit conversion to improve with bulk production; check whether reported margins begin tracking the stated full-year framework. ## Which stock lists is BEML on? BEML is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and Defence stocks. - [Momentum stocks Market cap cr: 16915.315649200445](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 395](https://www.sectoralpha.in/small-cap-stocks-india)
- [Defence stocks Group on the list: Defence equipment and electronics](https://www.sectoralpha.in/sectors/aerospace-defence-equipments)

## Is BEML profitable? BEML Ltd posted a net loss of ₹27.0 Cr in the Jun 2026 quarter. Full-year FY26 profit was ₹141 Cr. Over 10 years profit has grown 8.2% a year on average. That loss is 3.3% of the quarter's revenue. The same quarter a year earlier lost ₹64.0 Cr. 4 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹141 Cr (−51.9% on the year before). On average over the last four quarters, profit changed −78.4% and revenue +14.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does BEML make, and is it growing? BEML Ltd reported ₹820 Cr of revenue in the Jun 2026 quarter, +29.3% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 3.9% a year on average. The last full year, FY26, came in at ₹4,351 Cr. The last four reported quarters add to ₹4,536 Cr. FY26 revenue was ₹4,351 Cr, +8.2% on the year before. Recent pace: the last four quarters grew +14.8% on average, against 3.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.8%, against +5.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −40.1%, against −21.0% a year (rolling over). ## How much of every ₹100 of sales does BEML keep? BEML Ltd's operating margin was 0.2% in the Jun 2026 quarter, 8.2 percentage points higher than the same quarter a year ago. Across 13 years it has been between 2.6% and 13.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed +8.0 percentage points on the year while gross margin changed −4.6 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is BEML's profit turning into cash? Over the last 3 years, 94% of BEML Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹118 Cr of operating cash against ₹141 Cr of profit. After ₹378 Cr of spending on assets, free cash was −₹260 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 94% of profit came in as cash: the cash cycle got 13 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building. ## Where does BEML's cash go? BEML Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 421 days in FY26, down from 434 days in FY21. It spent ₹672 Cr on assets over the last 3 years. Customers take 191 days to pay, and stock sits for 394 days on average. At FY26 sales of ₹4,351 Cr, each day of that cycle ties up about ₹11.9 Cr, so roughly ₹5,019 Cr is tied up in the business at any time. FY26: customers took 191 days to pay and stock sat for 394 days, about 13.0 months of sales sitting as stock, for a full cycle of 421 days, shorter than FY21's 434. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 394 days. Customers pay about 191 days after that. Suppliers are paid at 164 days. Together that makes the 421-day cycle. Spending on assets: ₹672 Cr over the last 3 years, against ₹218 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹298 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is BEML's P/E ratio, and how does it compare with its own history? BEML Ltd's P/E is 95.7×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 50.1×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −51.6% while the price moved −6.7%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +25.9% a year; about +10.4% a year came from earnings growth and about +15.5 percentage points from the multiple (the market paying more); over 10 years the price moved +19.2% a year; about +10.7% a year came from earnings growth and about +8.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the BEML business getting better or worse? BEML Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −40.1% in the latest quarter, against +78.5% at its best in 12 quarters, with ROCE falling at 7.0%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does BEML earn on its capital? BEML Ltd earned a ROCE of 8% in FY26. That is up from a low of 2% in FY20. Its return on capital used (ROIC) is 6.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.2% net margin and 0.61× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.2% net margin × 0.61× asset turnover × 2.43× leverage (assets divided by equity) ≈ 4.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 5.8% − 12.0% = −6.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 5.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 4.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does BEML have too much debt? BEML Ltd has total debt of ₹309 Cr against shareholder equity of ₹2,933 Cr as of Jun 2026, so its debt is 0.11× its equity, which is very little. Year by year, that ratio went from 0.35 in FY22 to 0.24 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the BEML shareholding pattern? Domestic institutions raised their stake in BEML Ltd by 3.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 21.5% of the company. Foreign institutions moved −0.4 points over the same period, to 5.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.0 points over 8 quarters, to 21.5%; Foreign institutions: −0.4 points over 8 quarters, to 5.3%; Promoters: +0.0 points over 8 quarters, to 54.0%. Why the owners changed: domestic institutions drove it (+3.0 points). They raised their stake step by step. ## How far is BEML from balance-sheet trouble? For BEML Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does BEML rank in its industry? 40.9 out of 100, rank 18 of 25 in Aerospace & Defence - Equipments, with 88% of the evidence available. BEML Ltd scores 40.9 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 18. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 15.7 + 3.4 + 9.8 + 12 = 40.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is BEML compared with? BEML ranks 18 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 40.9 out of 100. 1. [Apollo Micro Systems Ltd](https://www.sectoralpha.in/stocks/apollo-micro-systems-ltd) APOLLO · turning · Most evidence points up · 100% evidence 70.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 77% · Profit 63.8% · Operating margin change 3 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.5% · Operating margin 29% · 100% evidence Valuation 9.2/20 · P/E 107× · PEG 1.7 · 100% evidence Relative strength 16.4/20 · Lead over its industry 10% · Lead over NIFTY 500 31% · 1 year 44.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.9 + 15.8 + 9.2 + 16.4 = 70.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) MTARTECH · breaking out · Most evidence points up · 90% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.3/35 · Revenue 53.5% · Profit 100% · Operating margin change 10.2 points · 100% evidence Capital efficiency 15.6/25 · ROCE 15.1% · Operating margin 23.2% · 100% evidence Valuation 7.4/20 · P/E 155× · PEG n/a · 50% evidence Relative strength 14.9/20 · Lead over its industry 18.6% · Lead over NIFTY 500 37.1% · 1 year 168.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 32.3 + 15.6 + 7.4 + 14.9 = 70.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rossell Techsys Ltd](https://www.sectoralpha.in/stocks/rossell-techsys-ltd) ROSSTECH · leader · Evidence leans up · 79% evidence 64.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 82.9% · Profit 68.8% · Operating margin change 1.8 points · 88% evidence Capital efficiency 8.2/25 · ROCE 11.5% · Operating margin 14.4% · 100% evidence Valuation 8.8/20 · P/E 194× · PEG n/a · 15% evidence Relative strength 19.5/20 · Lead over its industry 28.7% · Lead over NIFTY 500 52.7% · 1 year 107.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.5 + 8.2 + 8.8 + 19.5 = 64 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Paras Defence and Space Technologies Ltd](https://www.sectoralpha.in/stocks/paras-defence-and-space-technologies-ltd) PARAS · breaking out · Evidence leans up · 82% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 41.5% · Profit 58.8% · Operating margin change 1 points · 95% evidence Capital efficiency 17.5/25 · ROCE 17.2% · Operating margin 29% · 76% evidence Valuation 8.7/20 · P/E 98.6× · PEG n/a · 50% evidence Relative strength 13.3/20 · Lead over its industry 17.1% · Lead over NIFTY 500 37.9% · 1 year 76.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.4 + 17.5 + 8.7 + 13.3 = 63.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) SIGMAADV · leader · Evidence leans up · 78% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 100% · Profit 20.3% · Operating margin change 307 points · 83% evidence Capital efficiency 9.8/25 · ROCE 11.7% · Operating margin 16% · 76% evidence Valuation 6.9/20 · P/E 102× · PEG n/a · 50% evidence Relative strength 15.0/20 · Lead over its industry 96.2% · Lead over NIFTY 500 116.7% · 1 year 318.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.4 + 9.8 + 6.9 + 15 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) AZAD · leader · Evidence leans up · 89% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 29% · Profit 41.4% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 11.9% · Operating margin 37% · 100% evidence Valuation 9.0/20 · P/E 114× · PEG 1.94 · 65% evidence Relative strength 14.9/20 · Lead over its industry 4.2% · Lead over NIFTY 500 24.6% · 1 year 44.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 12.6 + 9 + 14.9 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) JAYKAY · breaking out · Too little evidence to rank firmly · 51% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.3/43.75 · Revenue 100% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 9.2/31.25 · ROCE 4.8% · Operating margin 14.2% · 76% evidence Valuation 12.9/25 · P/E 72.3× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.3 + 9.2 + 12.9 = 56.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Sika Interplant Systems Ltd](https://www.sectoralpha.in/stocks/sika-interplant-systems-ltd) SIKA · quiet · Evidence leans up · 81% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 9.8% · Operating margin change 1.1 points · 88% evidence Capital efficiency 21.7/25 · ROCE 34.6% · Operating margin 19.5% · 100% evidence Valuation 12.9/20 · P/E 51.9× · PEG 1.01 · 100% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -27.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 13.1 + 21.7 + 12.9 + 7.8 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) DATAPATTNS · quiet · Evidence leans up · 96% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 33.9% · Profit 24.2% · Operating margin change -5 points · 88% evidence Capital efficiency 21.3/25 · ROCE 21.9% · Operating margin 27% · 100% evidence Valuation 7.4/20 · P/E 78.7× · PEG 3.94 · 100% evidence Relative strength 5.5/20 · Lead over its industry -9.4% · Lead over NIFTY 500 8.8% · 1 year 38.5% · 100% evidence · 5 of 12 weeks ahead Exact sum: 20.8 + 21.3 + 7.4 + 5.5 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [High Energy Batteries (India) Ltd](https://www.sectoralpha.in/stocks/high-energy-batteries-indialtd) losing its lead · Evidence leans up · 72% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 1.5% · Profit -3.5% · Operating margin change 32.4 points · 95% evidence Capital efficiency 19.5/25 · ROCE 20.4% · Operating margin 28.1% · 95% evidence Valuation 11.8/20 · P/E 27.3× · PEG n/a · 50% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -2% · 1 year n/a · 25% evidence · 7 of 11 weeks ahead Exact sum: 12.9 + 19.5 + 11.8 + 8.9 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) HAL · breaking out · Evidence leans up · 96% evidence 52.4 out of 100 Growth Capital Valuation Relative
12. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) DYNAMATECH · breaking out · Evidence leans up · 79% evidence 50.9 out of 100 Growth Capital Valuation Relative
13. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) BEL · turning · Evidence leans up · 100% evidence 50.8 out of 100 Growth Capital Valuation Relative
14. [Astra Microwave Products Ltd](https://www.sectoralpha.in/stocks/astra-microwave-products-ltd) ASTRAMICRO · quiet · Evidence leans down · 96% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Zen Technologies Ltd](https://www.sectoralpha.in/stocks/zen-technologies-ltd) ZENTEC · turning · Evidence leans down · 60% evidence 47.6 out of 100 Growth Capital Valuation Relative
16. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) MIDHANI · losing its lead · Evidence leans down · 96% evidence 42.5 out of 100 Growth Capital Valuation Relative
17. [AXISCADES Technologies Ltd](https://www.sectoralpha.in/stocks/axiscades-technologies-ltd) AXISCADES · breaking out · Evidence leans down · 89% evidence 41.6 out of 100 Growth Capital Valuation Relative
18. BEML Ltd this page BEML · breaking out · Evidence leans down · 88% evidence 40.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 12.8% · Profit -40.1% · Operating margin change 8.2 points · 65% evidence Capital efficiency 3.4/25 · ROCE 7.7% · Operating margin 0.2% · 100% evidence Valuation 9.8/20 · P/E 92.8× · PEG 1.18 · 100% evidence Relative strength 12.0/20 · Lead over its industry -6.5% · Lead over NIFTY 500 15.7% · 1 year -9.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 15.7 + 3.4 + 9.8 + 12 = 40.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 19. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) IDEAFORGE · quiet · Evidence leans down · 71% evidence 39.8 out of 100 Growth Capital Valuation Relative
20. [Bharat Dynamics Ltd](https://www.sectoralpha.in/stocks/bharat-dynamics-ltd) BDL · basing · Evidence leans down · 96% evidence 35.6 out of 100 Growth Capital Valuation Relative
21. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) AVANTEL · basing · Most evidence points down · 83% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Aequs Ltd](https://www.sectoralpha.in/stocks/aequs-ltd) AEQUS · losing its lead · Too little evidence to rank firmly · 51% evidence 28.8 out of 100 Growth Capital Valuation Relative
23. [NIBE Ltd](https://www.sectoralpha.in/stocks/nibe-ltd) NIBE · quiet · Too little evidence to rank firmly · 53% evidence 27.8 out of 100 Growth Capital Valuation Relative
24. [DCX Systems Ltd](https://www.sectoralpha.in/stocks/dcx-systems-ltd) DCXINDIA · quiet · Most evidence points down · 61% evidence 23.8 out of 100 Growth Capital Valuation Relative
25. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) VINYAS · turning · Too little evidence to rank firmly · 44% evidence 62.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Aerospace & Defence - Equipments](https://www.sectoralpha.in/sectors/aerospace-defence-equipments), all 25 compared on one page. ## Which companies are close to BEML in size? BEML is the 7th largest of 25 Aerospace & Defence - Equipments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Data Patterns (India), MTAR Technologies and Sigma Advanced System. Just below it: Azad Engineering, Apollo Micro Systems and Astra Microwave Products. ### Aerospace & Defence - Equipments companies close in size

1. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) ₹21,274 crore
2. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) ₹21,033 crore
3. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) ₹16,915 crore
4. BEML Ltd ₹16,563 crore
5. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) ₹15,792 crore
6. [Apollo Micro Systems Ltd](https://www.sectoralpha.in/stocks/apollo-micro-systems-ltd) ₹14,818 crore
7. [Astra Microwave Products Ltd](https://www.sectoralpha.in/stocks/astra-microwave-products-ltd) ₹14,381 crore

[All 25 Aerospace & Defence - Equipments companies, largest first](https://www.sectoralpha.in/sectors/aerospace-defence-equipments#all-companies)

### Companies close in size in other industries

1. [TBO Tek Ltd](https://www.sectoralpha.in/stocks/tbo-tek-ltd) ₹16,638 crore · E-Commerce - Platform - Utility
2. [Ola Electric Mobility Ltd](https://www.sectoralpha.in/stocks/ola-electric-mobility-ltd) ₹16,586 crore · Auto - 2 & 3 Wheelers
3. BEML Ltd ₹16,563 crore
4. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) ₹16,521 crore · Power - Generation/Distribution
5. [Happy Forgings Ltd](https://www.sectoralpha.in/stocks/happy-forgings-ltd) ₹16,503 crore · Castings, Forgings & Fastners

## What else do people ask about BEML? ### What is BEML's share price today? BEML Ltd's share price is ₹2,051.70, −6.7% over the past year. The whole company is worth ₹17,085 Cr on the market. In the last 52 weeks it traded between ₹1,437 to ₹2,134; today it is 88% of the way up from the low, 9.6% above its 200-day average (as of 3 November 2026). ### What were BEML's latest quarterly results? BEML Ltd reported revenue of ₹820 Cr and a net loss of ₹27.0 Cr for the Jun 2026 quarter. Earnings per share were −₹3.24. The operating margin was 0.2%, 8.2 percentage points higher than a year earlier (as of 3 November 2026). ### What is BEML's market cap? BEML Ltd's market capitalisation is ₹17,085 Cr at a share price of ₹2,051.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is BEML performing? BEML Ltd's share price has been rising for 10 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will BEML's share price go up? This page does not forecast BEML Ltd's share price. What it shows instead: the share price is ₹2,051.70, and it has been rising for 10 weeks. Its P/E of 95.7× is higher than 97% of its own last 10 years (as of 3 November 2026). ### Does BEML have too much debt? No, BEML Ltd has little debt: its debt is 0.11× its equity, and its operating profit is 7 times its interest bill. FY26 borrowings were ₹309 Cr against equity of ₹2,934 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is BEML in its business cycle? BEML Ltd's FY26 operating margin was 7.0%, against a 13-year range of 2.6% to 13.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 0.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the BEML story? The main question: the share price moved −6.7% in a year while yearly earnings per share moved −51.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is BEML a stock worth studying right now? What the numbers show: BEML Ltd's share price has risen faster than its earnings: −6.7% in a year, against −51.6% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a BEML share price forecast for 2026? What management itself guided: FY27 revenue yearly growth in the high 20s if all goes well; cumulative phasing of 35% by Q2 and around 70% by Q3. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Defence stocks: https://www.sectoralpha.in/sectors/aerospace-defence-equipments

This is research, not advice. We’re not SEBI-registered.