| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 820 | 634 | +29.3% |
| EBITDA | 2.0 | −49.3 | — |
| EBITDA margin | 0.2% | −7.8% | +8.0 pts |
| Profit before tax | −33.7 | −70.3 | — |
| Net profit | −27.0 | −64.1 | — |
| EPS | −₹3.24 | −₹15.40 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 16,363 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 6.8 | 6.8 | 4.4 | 8.0 | 9.1 | ||
| −0.7 | −0.7 | −0.5 | −0.4 | −0.4 | ||
| 307 | 307 | 229 | 60.6 | 381 | ||
| 16,662 | — | — | — | — | ||
| 4,536 | 4,351 | 4,022 | 4,054 | 3,899 | ||
| — | +8.2% | −0.8% | +4.0% | — | ||
| 350 | 299 | 506 | 442 | 364 | ||
| 7.7% | 6.9% | 12.6% | 10.9% | 9.4% | ||
| 263 | 216 | 434 | 378 | 300 | ||
| 178 | 141 | 293 | 282 | 158 | ||
| 3.9% | 3.3% | 7.3% | 7.0% | 4.1% | ||
| ₹21.39 | ₹17.00 | ₹35.13 | ₹33.83 | ₹18.96 | ||
| — | −51.6% | +3.8% | +78.4% | — | ||
| — | 118 | 183 | 458 | 563 | ||
| — | −381 | −193 | −101 | −48.7 | ||
| −263 | −263 | −10.2 | 357 | 515 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 16,363.0 | |
| - Cash, Equiv & ST Investments | 9.1 | 8.0 | 4.4 | 6.8 | 6.8 | |
| + Minority Interest | -0.4 | -0.4 | -0.5 | -0.7 | -0.7 | |
| + Total Debt | 381.5 | 60.6 | 228.6 | 307.0 | 307.0 | |
| Enterprise Value | — | — | — | — | 16,662.5 | |
| Revenue | 3,898.9 | 4,054.3 | 4,022.2 | 4,350.5 | 4,536.2 | |
| Growth %, YoY | — | +4.0 | -0.8 | +8.2 | — | |
| EBITDA | 364.4 | 442.2 | 505.7 | 299.0 | 350.2 | |
| Margin % | 9.35 | 10.91 | 12.57 | 6.87 | 7.72 | |
| EBIT | 300.4 | 378.4 | 434.3 | 215.5 | 263.1 | |
| Net Income | 157.9 | 281.8 | 292.5 | 141.4 | 178.5 | |
| Margin % | 4.05 | 6.95 | 7.27 | 3.25 | 3.93 | |
| EPS, Adj (current shares) | 18.96 | 33.83 | 35.13 | 17.00 | 21.39 | |
| Growth %, YoY | — | +78.4 | +3.8 | -51.6 | — | |
| Cash from Operations | 563.4 | 457.7 | 183.1 | 118.2 | — | |
| Capital Expenditures | -48.7 | -101.2 | -193.4 | -381.0 | — | |
| Free Cash Flow | 514.7 | 356.5 | -10.2 | -262.8 | -262.8 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
BEML (NSE: BEML) had a market capitalisation of ₹16,457 crore at the 29 October 2026 close (₹1,975.90 a share), a PE ratio of 92.4 on the last four quarters' profit and a price-to-book ratio of 5.61. In FY26 its consolidated net profit was ₹142 crore on revenue of ₹4,351 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹27 crore. Its debt-to-equity ratio was 0.10 on 31 March 2026. Promoters held 54.03% of the shares on 30 September 2026.
BEML's PE ratio is 92.4 at the 29 October 2026 close (₹1,975.90 a share): a market capitalisation of ₹16,457 crore divided by consolidated net profit of ₹178 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹142 crore) it is 116.2.
BEML's price-to-book (PB) ratio is 5.61 at the 29 October 2026 close: a market capitalisation of ₹16,457 crore divided by shareholders' equity (book value) of ₹2,934 crore on 31 March 2026. That is a book value of ₹352.24 per share against a share price of ₹1,975.90.
BEML's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,934 crore on 31 March 2026, up 1.6% from ₹2,887 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹16,457 crore at the 29 October 2026 close.
BEML's market capitalisation was ₹16,457 crore at the 29 October 2026 close: 8.33 crore shares at ₹1,975.90 each.
No. BEML had borrowings of ₹307 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.10. Its cash and current investments were ₹37.1 crore, so its net debt was ₹270 crore.
BEML's debt-to-equity ratio was 0.10 on 31 March 2026: borrowings of ₹307 crore against total equity of ₹2,933 crore. A year earlier, on 31 March 2025, it was 0.08.
In FY26, BEML's return on equity (ROE) was 4.9% and its return on capital employed (ROCE) was 5.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 10.5% and ROCE 11.5%.
In 2026, BEML has declared three dividends totalling ₹17.08 a share: ₹2.50 (interim) with record date 13 February 2026, ₹2.30 (interim) with record date 5 June 2026 and ₹12.28 with record date 22 September 2026.
On 30 September 2026, BEML's shares were held by promoters 54.03%, foreign portfolio investors (FII/FPI) 5.26%, domestic institutions (DII) 21.52% (including mutual funds at 18.19%) and retail and other non-institutional investors 19.19%. Over the year, FII holding was down 0.56 percentage points from 5.82% and DII holding was up 2.99 percentage points from 18.53%.
BEML's book value per share was ₹352.24 on 31 March 2026: shareholders' equity of ₹2,934 crore divided by the 8.33 crore shares in issue. The share price at the 29 October 2026 close was ₹1,975.90.
Promoters held 54.03% of BEML on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, BEML generated ₹118 crore of cash from operations and spent ₹381 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹263 crore. In FY25 it was −₹10.2 crore.
BEML's basic earnings per share (EPS) were ₹16.97 in FY26.
BEML's latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net loss ₹27 crore, narrower than the loss of ₹64.1 crore in Q1 FY26; revenue from operations ₹820 crore, up 29.3% year on year.
BEML will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
In FY26 (April 2025–March 2026), BEML's consolidated net profit was ₹142 crore, down 51.6% from ₹293 crore in FY25, on revenue from operations of ₹4,351 crore (up 8.2%). Over three years, from FY23, net profit was down 10.4%.
At the 29 October 2026 closing prices, on FY26 net profit, BEML's PE ratio is 116.2, the highest of the four: BEL 44.6, Titagarh Rail Systems 72.9 and Action Construction Equipment 29.5, a peer average of 49.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, BEML earned net profit of ₹142 crore on revenue of ₹4,351 crore, against ₹6,062 crore on ₹27,610 crore for BEL. BEML's operating margin was 5.0% (BEL 27.1%) and its return on equity 4.9% (BEL 27.6%). At the 29 October 2026 close, BEML's market capitalisation was ₹16,457 crore against ₹2,70,463 crore for BEL, and its PE ratio on FY26 profit 116.2 against 44.6.
On FY26 consolidated figures, against BEL, Titagarh Rail Systems and Action Construction Equipment: BEML's operating margin of 5.0% is the lowest of the four (BEL 27.1%, Titagarh Rail Systems 9.3%, Action Construction Equipment 14.3%; peer average 16.9%); its return on equity of 4.9% is the lowest of the four (BEL 27.6%, Titagarh Rail Systems 5.0%, Action Construction Equipment 22.9%; peer average 18.5%); its revenue growth over three years of 3.7% a year is the lowest of the four (BEL 15.9% a year, Titagarh Rail Systems 4.7% a year, Action Construction Equipment 15.0% a year; peer average 11.8% a year).
From BEML's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.