Buy BEML, target Rs 829: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on BEML Ltd. with a target price of Rs 829. The current market price of BEML Ltd. is Rs 817.65. Time period given by the analyst is Intra Day when BEML Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 807. BEML Ltd., incorporated in 1964, is a midcap company with a market cap of Rs 3405.06 crore.

BEML Ltd. key Products/Revenue Segments include Earth Moving Equipments which contributed Rs 1019.54 Crore to Sales Value (30.84 % of Total Sales), Railway Items which contributed Rs 1017.75 Crore to Sales Value (30.79 % of Total Sales), Spare Parts & Others which contributed Rs 687.02 Crore to Sales Value (20.78 % of Total Sales), Defence Items which contributed Rs 357.27 Crore to Sales Value (10.80 % of Total Sales), Sale of services which contributed Rs 191.55 Crore to Sales Value (5.79 % of Total Sales), Scrap which contributed Rs 24.06 Crore to Sales Value (0.72 % of Total Sales), Wind Energy which contributed Rs 8.22 Crore to Sales Value (0.24 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 923.85 Crore, up 25.86 % from last quarter Sales of Rs 734.05 Crore and up 26.29 % from last year same quarter Sales of Rs 731.51 Crore Company has reported net profit after tax of Rs 44.70 Crore in latest quarter. The company’s top management includes Mr.B P Rao, Mr.B R Viswanatha, Mr.D K Hota, Mr.Gurmohinder Singh, Mr.M G Raghuveer, Mr.R H Muralidhara, Mr.Rajib Kumar Sen, Mr.Sudhir Kumar Beri, Mr.Suraj Prakash, Mr.Suresh S Vastrad. Company has S R R K Sharma Associates as its auditoRs As on 31-12-2018, the company has a total of 41,644,500 shares outstanding.