An important public sector project in India, BEML Limited, has attracted a lot of interest from traders and investors. Interest in its share price on the National Stock Exchange (NSE) has been high. We will examine the variables affecting BEML Share Price NSE in this article.
About BEML Share Price NSE
Three main business verticals, including mining and construction, rail and metro, and defense and aerospace, are operated by BEML Limited, an Indian company. Defense ground support equipment, including Tatra-based high mobility trucks, aircraft towing tractors, medium and heavy recovery vehicles, pontoon mainstream bridge systems, and others, are manufactured and supplied by the company’s Defence and Aerospace business. Its Mining and Construction division produces and distributes equipment for a range of user segments, including backhoe loaders, tire handlers, pipe layers, motor graders, dump trucks, hydraulic excavators, and wheel loaders and wheel dozers.
For the rail and metro industry, it produces and supplies overhead equipment (OHE) cars, metro cars, rail coaches, metro cars, alternating current electric multiple units (ACEMUs), and steel and aluminum wagons. Its four manufacturing complexes are situated in Mysuru, Palakkad, Kolar Gold Fields, and Bengaluru.
Business Segments Of BEML Share Price NSE
Mining and Construction: In India, BEML’s Mining and Construction division is a well-known producer of mining and construction machinery. Their gear is highly regarded for its outstanding durability and quality. Mining companies, construction companies, and government agencies in India and over 60 other countries find use for these products.
Defence and Aerospace: One of India’s leading producers of defense and aerospace equipment is BEML’s Defence and Aerospace division. BEML’s equipment is recognized for its exceptional quality and cutting-edge features. The Indian Armed Forces and other international military establishments favor it.
Rail and Metro: India’s top manufacturer of rail and metro equipment is BEML’s Rail and Metro segment. Their equipment is well known for being extremely reliable and high-quality. The Indian Railways and other metro operators both in India and abroad make extensive use of it.
Subsidiaries of BEML
MAMC Industries Ltd.: India’s MAMC Industries Ltd is a producer of material handling equipment and cranes. Together with forklifts, stackers, and reach trucks, they also manufacture a variety of cranes, such as overhead, gantry, and jib cranes. With its headquarters located in Bangalore, Karnataka, India, BEML Ltd and Mitsubishi Heavy Industries Ltd collaborated to establish the company in 1965. Their clientele includes the Indian Army, Indian Railways, and the construction, manufacturing, and logistics industries.
Vignyan Industries Ltd.: Vignyan Industries Ltd. produces fabricated goods and steel castings. Pressure vessels, heat exchangers, columns, and castings made of carbon, alloy, and stainless steel are among their products. It was established in 1963 as a BEML Ltd. subsidiary, and its main office is in Bangalore, Karnataka, India. Vignyan Industries supplies the Indian Army and Indian Railways, among other government agencies, in the manufacturing, engineering, and construction sectors.
Management Outlook
With an anticipated rise in revenue from defense and aerospace projects, estimated at roughly ₹500 crores over the next fiscal year, BEML is aiming for increased revenue streams from a variety of sectors. Furthermore, they project a potential ₹250 crore revenue spike in the mining and construction industries as a result of rising demand for heavy mining equipment that is “Made in India.”
BEML has explored opportunities for defense and aerospace procurement by entering into Memorandums of Understanding and agreements with strategic partners. It is estimated that these alliances generate approximately ₹300 crores in revenue by working together to supply High Mobility Vehicles and aggregates for Missile Programs.
With an emphasis on export orders, the company is aiming for international markets. They have fulfilled a significant order for construction equipment from Cameroon, estimated to be worth ₹150 crores. Furthermore, it is projected that export earnings will total about ₹200 crores in the upcoming year thanks to orders from Indonesia and Russia.
BEML is hopeful that orders for future Metro Car projects will be secured with the extension of Metro Rail to Tier-II cities, which is expected to generate revenue of about ₹150 crores. It’s anticipated that the company’s topline will increase by about ₹100 crores due to the increased demand for electric multiple units and suburban trains.
FAQ of BEML Share Price NSE
Q1. How Are BEML Shares Purchased?
Ans. With Groww, purchasing BEML shares is simple if you create a Demat account and have your KYC documents verified online.
Q2. What is BEML’s market capitalization?
Ans. The market value of an outstanding share of a publicly traded company is known as its market capitalization, or market cap. As of 29 Feb ’24, BEML’s market cap is ₹13,000 Cr.
Q3. What is BEML’s primary business?
Ans. BEML’s primary business is producing mining equipment and rail coach spare parts for the rail, infrastructure, defense, mining, and power industries. It falls under the Ministry of Defense’s “Schedule A” PSU.