BEML Shares skyrocket over 12% on Monday May 13, after rise in net profit of Rs 256.8 crore in Q4 results

BEML Shares: BEML Shares Price on NSE/BSE

BEML shares have skyrocket today in Monday morning session. BEML shares have surged by more than 12% today and this has happened after the Q4 results. BEML shares has closed at Rs 7,675.00. BEML stock have performed well in Q4 results. Net profit has increased to Rs 256.8 crore for the quarter ended March 2024, which is 62% Year-on-Year (YoY) increase from last year’s net profit of Rs 157.7 crore.

BEML Shares Q4 Results of FY24 highlights

• BEML has increased its net profit by 62% year-on-year (YoY) to Rs 256.8 crore for the quarter ending March 2024.
• The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) has increased by 29% to Rs 370.4 which was 20% last year.
• The board of directors of BEML company has announced a final dividend of Rs 15.50 per equity share for the shareholders.
• The net income of the company has increased by 9% to Rs 1,513.7 crore in the last year.

BEML shares started the day at Rs 3,349.40 or touched an intraday high of Rs 3,636 or touched an intraday low of Rs 3,250.90 in its intraday session. The market capitalization of BEML stock is 14.99KCr or its 52-week high is 4,144.25 or 52-week low is 1,363.70. Currently BEML is providing a dividend of 0.21% but in its Q4 results the company has announced a final dividend of Rs 15.50 per equity share.

The company’s PE ratio is at 79.33 and sector PE ratio is at 54.36 and on the other hand PB ratio is 5.99 and sector PB ratio is 7.47. BEML (Bharat Earth Movers Limited) It is a public sector company which manufactures heavy equipment for transport and mining and BEML stock is showing good signs of profitability & efficiency and this stock is overpriced but is not in the overbought zone.

Peer comparison of BEML (Bharat Earth Movers Limited) Stock

This peer comparison is between BEML (Bharat Earth Movers Limited) Stock and its other competitive machinery manufacturing sectors and stocks. In this we can see the performance of BEML (Bharat Earth Movers Limited) and other stocks based on its last year performance, its PE ratio and experts’ opinions. Before making any financial investment consult with your financial expert.

Financial History of BEML (Bharat Earth Movers Limited) Stock

BEML (Bharat Earth Movers Limited) shares listed on both National Stock Exchange (NSE) and BSE (Bombay stock Exchange). If we see financial growth history of BEML (Bharat Earth Movers Limited) stock, it has grown with the return rate of 337.86% in the last 5 years and it has grown with the return rate of 159.94% in the last 1 year. In the last 6 months, BEML (Bharat Earth Movers Limited) Ltd stock has shown return rate of 61.90% to its shareholders and now if we check its performance in this Financial Year 24, it has performed well in the last 1 month and has given negative return rate of 7.26%.

BEML (Bharat Earth Movers Limited) shares have not shown any special performance in the last 5 years, its revenue growth rate was quite weak. In the last 5 years, BEML (Bharat Earth Movers Limited) revenue growth has been weaker than industry growth. The industry revenue growth rate was 14.91% and BEML (Bharat Earth Movers Limited) revenue growth rate was 3.74% and BEML (Bharat Earth Movers Limited) market share has also decline from 42.91% to 26.2% and net income has grown at a yearly rate of 4.02% as compared to the average rate of 58.61%.

About BEML (Bharat Earth Movers Limited)

BEML is known as Bharat Earth Movers Limited or it is an Indian public sector undertaking (PSU) manufacturing company which manufactures various types of heavy equipment. Or it involves railway, transport and mining. BEML is one of the second largest earth moving companies in Asia. The stocks of this company are traded on both NSE and BSE. BEML was established on 11th May 1964 and its headquarters is in Bangalore, India.

BEML has manufactured a wide range of products that cater to the needs of underground mining, construction, power, cement, irrigation, steel, fertilizer and rail sectors.

BEML Share Price Target for 2024

BEML has made a bullish record in the last year 2023 or has started the year with the same bullish sentiment or now after the declaration of Q4 results, BEML shares are like skyrocketing. So according to the technical data share price target for 2024 could be predicted as Rs 4,898.

BEML Share Price Target for 2025

There are high expectations in 2025 for BEML that the shares will reach at Rs 5,897 by the end of this year.

BEML Share Price Target for 2026

Share price target for 2026 could be predicted as Rs 6,785.

BEML Share Price Target for 2030

Share price target for 2030 could be predicted as Rs 11,877.

This share price target of BEML Stock is just a prediction which has been arrived at after checking several factors. But this is not a fixed price, it keeps changing according to the market trend. Therefore, before making any financial investment, always consult a financial expert.

Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.

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