Buy BEML; target Rs 885 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on BEML with a target price of Rs 885. The current market price of BEML is Rs 846.15. Time period given by analyst is Intra Day when BEML price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 824.

BEML, incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 3523.75 Crore) operating in Engineering sector.

BEML key Products/Revenue Segments include Earth Moving Equipments which contributed Rs 902.28 Crore to Sales Value (31.83 per cent of Total Sales), Spare Parts & Others which contributed Rs 726.11 Crore to Sales Value (25.61 per cent of Total Sales), Railway Items which contributed Rs 545.66 Crore to Sales Value (19.24 per cent of Total Sales), Defence Items which contributed Rs 434.83 Crore to Sales Value (15.33 per cent of Total Sales), Sale of services which contributed Rs 195.55 Crore to Sales Value (6.89 per cent of Total Sales), Scrap which contributed Rs 20.60 Crore to Sales Value (0.72 per cent of Total Sales), Wind Energy which contributed Rs 9.63 Crore to Sales Value (0.33 per cent of Total Sales)for the year ending 31-Mar-2017.


For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 734.05 Crore, up 61.44 per cent from last quarter Sales of Rs 454.68 Crore and up 6.44 per cent from last year same quarter Sales of Rs 689.65 Crore Company has reported net profit after tax of Rs 16.89 Crore in latest quarter. The company’s top management includes Mr.Aniruddh Kumar, 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.