EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

BEML Limited (BEML) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of BEML Limited ₹242, price ₹2,037, upside -88.1%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Industrials · IN · ISIN INE258A01016

BL Thin data Sep 27, 2026

BEML Limited

BEML · NSE

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹242.34 · Strongly overvalued (−88.1%)
!Quality 29/100
!Expensive Growth (revenue 5y +3.9 %/yr)
!Thin margins · 3.3% net margin (TTM)
!Low debt · negative free cash flow
!0.5% dividend yield · Token dividend
!Mixed vs. peers (6/14)
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain
!Weak on past: 19 out of 100
!Weak on dividend: 10 out of 100
Watch BEML Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹996,967 ₹471.46 Fair Value ₹242.34 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ₹471.46 – ₹996,967 · fair‑value band ₹206.15 – ₹313.96 · the ₹2,037 price screens above the ₹242.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

Follow BEML in your weekly email

Every Wednesday you see whether BEML is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

BEML Limited provides products and services to the mining and construction, rail and metro, power, and defense and aerospace sectors in India.

Show more

BEML Limited provides products and services to the mining and construction, rail and metro, power, and defense and aerospace sectors in India. The company offers high mobility vehicles, combat mobility vehicles, 1500 horsepower engines, aggregates for combat vehicles, aircraft towing tractors, aircraft weapon loaders, ground support and handling equipment, tank transportation trailers, milrail wagons, rocket motor casings for missiles, airborne structures and assemblies, and construction equipment for the defense and aerospace industries. It also provides bulldozers, dump trucks, excavators, shovels/walking dragline, water sprinklers, motor graders, loaders, pipe layers, wheeled dozers, and tyre handlers to the mining and construction industries. In addition, the company offers metro cars, electrical multiple units, maintenance vehicles, passenger trains, steel and aluminum wagons, and treasury vans to the rail and metro industries. It also exports its products. The company was formerly known as Bharat Earth Movers Limited. BEML Limited was incorporated in 1964 and is based in Bengaluru, India.

Stock analysis

BEML Limited (BEML) currently trades at ₹2,037, while our model-based Fair Value estimate is ₹242.34, implying the stock looks roughly 740.3% overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of ₹288.53 per share, and 0 of the 7 models we run sit above the ₹2,037 price.

Bear case: the Dividend Discount group reads lowest at ₹118.05, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹206.15 (bear) to ₹313.96 (bull), the price of ₹2,037 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

BEML Limited reported revenue of ₹43.5B in FY2026 versus ₹43.4B in FY2022, a compound +0.1%/yr. Reported net income was ₹1.4B in FY2026, compounding +2.4%/yr from FY2022.

Key figures

Market cap ₹170B (≈ $1.8B) · P/E ratio 120.0 · P/S ratio 3.90 · EPS (TTM) ₹16.97 · Dividend yield 0.5% · Net margin 3.2% · Return on equity 4.9% · Return on assets (EBIT) 8.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 9% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at −88%, BEML screens richer than that median.

Fair Value models

Bear ₹206.15 Fair Value ₹242.34 Bull ₹313.96
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹3.14 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income ₹254.97 ₹253.96 ₹263.24 76
Gordon GGM ₹83.03 ₹136.65 ₹192.73 68
DDM Multi-Stage ₹83.03 ₹118.05 ₹151.14 67
All 7 models by family
Earnings-Based
Graham-Dodd ₹115.41 ₹285.10 ₹369.36 65
Dividend Discount
Gordon GGM ₹83.03 ₹136.65 ₹192.73 68
DDM Multi-Stage ₹83.03 ₹118.05 ₹151.14 67
Multiples
P/E Multiple ₹267.31 ₹356.42 ₹445.52 63
P/B Multiple ₹216.40 ₹288.53 ₹360.66 55
Asset-Based
NCAV (Graham) ₹176.12 ₹236.00 ₹352.24 54
Economic Profit
Residual Income ₹254.97 ₹253.96 ₹263.24 76

Open the full fair value analysis →

Notify me when BEML reaches fair value

Put BEML on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 29/100

Of which business quality 30 · Market factors (momentum, volatility) 61

Profitability 35
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
Start year 2021 (pandemic). Over 10 years: +3.9% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.5%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.5% vs 2.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 5%
Start year 2021 (pandemic)

BEML screens 740% overvalued. Compare with ITOCHU Corporation →

Compare BEML Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 356 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −88.1% · Bottom 25%
Profitability
Return on equity (TTM) 4.9% · Above median
Return on assets 2.1% · Above median
Net margin (TTM) 3.3% · Below median
Operating margin (TTM) 13.9% · Top 25%
Growth and dividend
Revenue growth 8.6% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (TTM) 120.0× · Priciest 25%
P/B 5.78× · Priciest 25%
P/S (TTM) 3.90× · Priciest 25%
EV/EBITDA 56.7× · Priciest 25%
PEG 1.06× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 33
FUTURE (revenue growth)43 · sector 19
PAST (return on equity)19 · sector 18
HEALTH (low debt)100 · sector 90
DIVIDEND (yield)10 · sector 41

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ITOCHU Corporation ITOCHU19 7.85 THB 5.81 THB −26%
3M Company MMM $169.55 $72.78 −57%
Honeywell International Inc HON $212.55 $244.82 +15%
CITIC Limited 0267 HK$12.94 HK$25.88 +100%
Swire Pacific Limited 0019 HK$102.00 HK$28.34 −72%
SK Inc 034730 611,000 KRW 348,688 KRW −43%
Jardine Matheson Holdings J36 $55.86 $78.34 +40%
Keppel Ltd BN4 11.30 SGD 3.88 SGD −66%
Kingdom Holding 4280 13.08 SAR 13.40 SAR +2%
Koç Holding KCHOL 216.50 TRY 182.26 TRY −16%

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

BEML Limited · Fair Value
₹242.34 −740%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "BEML Limited Fair Value". https://www.fairvalue-calculator.com/stock/BEML

Frequently asked questions

Is BEML Limited (BEML) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹242.34 versus a price of ₹2,037, about −88% upside (overvalued).
What is the fair value of BEML?
Our model-based fair value for BEML Limited is ₹242.34 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹2,037.
What is the quality score of BEML?
BEML Limited has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BEML Limited (BEML)?
Our model-based price target is the fair value of ₹242.34 (as of Sep 27, 2026) from 7 valuation models. Cautious scenario ₹206.15, optimistic scenario ₹313.96. It is a calculation from audited fundamentals, not an analyst target.
What is the BEML Limited stock forecast for 2026?
Our models put fair value at ₹242.34, about −88% upside versus a price of ₹2,037 (overvalued). Cautious scenario ₹206.15, optimistic scenario ₹313.96. The calculation is refreshed regularly with new filings.
What is the revenue of BEML Limited (BEML)?
BEML Limited reported trailing-twelve-month revenue of about ₹43.5B (latest available figure, as of Sep 27, 2026).
Does BEML Limited pay a dividend?
BEML Limited currently shows a dividend yield of about 0.52% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of BEML Limited (BEML)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BEML Limited it is ₹242.34 per share (as of Sep 27, 2026), against a price of ₹2,037. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is BEML Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BEML trades above its calculated fair value: price ₹2,037, fair value ₹242.34, a gap of about −88% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BEML?
No. The price is what the market pays today (₹2,037); the fair value is what the company's own numbers justify (₹242.34). For BEML Limited the two are ₹1,794 per share apart. That gap is exactly why we show both numbers side by side.
How much is BEML Limited worth?
The market values BEML Limited at about ₹170B (market capitalisation, as of Sep 27, 2026). Per share that is ₹2,037; our models calculate a fair value of ₹242.34 per share.
What do the bullish and bearish scenarios say about BEML?
Our models span a range for BEML Limited: cautious scenario ₹206.15, base ₹242.34, optimistic ₹313.96 per share (as of Sep 27, 2026, price ₹2,037). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BEML?
BEML Limited trades at a price-to-earnings ratio of 120.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹242.34 is built from several models across several years. Other multiples: PEG 1.1, P/B 5.8, P/S 3.9, EV/EBITDA 56.7.
What is the PEG ratio of BEML?
The PEG ratio of BEML Limited is 1.06 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of BEML Limited (BEML)?
Balance-sheet figures for BEML Limited (as of Sep 27, 2026): return on equity 4.9%. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is BEML from its 52-week high?
BEML Limited trades at ₹2,037, about 9% below its 52-week high of ₹2,229 and 49% above the low of ₹1,368 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹242.34 is for.
Which stocks are comparable to BEML Limited?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BEML Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹2,037, calculated fair value ₹242.34 (−88%), Quality Score 29/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BEML calculated?
We run BEML Limited through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹242.34, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. BEML Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BEML Limited (BEML)?
The closing price on Sep 25, 2026 was ₹2,037. Our model-based fair value is ₹242.34, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BEML Limited right now?
The price sits above even our optimistic bull case (₹313.96). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of BEML Limited (BEML) come from?
Earnings per share at BEML Limited grew +15.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +1.3 %, EBIT margin +18.0 %, tax rate −1.8 %, residual (interest, one-offs) −1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of BEML Limited

How large is the market capitalisation of BEML Limited (BEML)?
The market capitalisation of BEML Limited is ₹170B (≈ $1.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BEML Limited (BEML)?
The price-to-sales ratio of BEML Limited is 3.90 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BEML Limited (BEML)?
Earnings per share at BEML Limited are ₹16.97 (price ÷ EPS = P/E 120.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BEML Limited (BEML)?
The dividend yield of BEML Limited is 0.5% (payout 62.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BEML Limited (BEML)?
The net margin of BEML Limited is 3.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BEML Limited (BEML)?
The return on equity (ROE) of BEML Limited is 4.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BEML Limited (BEML)?
On an EBIT basis the return on assets of BEML Limited is 8.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BEML Limited (BEML)?
The operating margin of BEML Limited is 13.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BEML Limited (BEML)?
Revenue at BEML Limited is growing +8.6% versus a year earlier (3y avg +3.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BEML Limited (BEML)?
Earnings per share at BEML Limited are growing −37.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BEML Limited (BEML) generate?
The free cash flow of BEML Limited is −₹2.6B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does BEML Limited (BEML) carry?
The net debt of BEML Limited is ₹3.0B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch BEML Limited in the live analysis

One click puts BEML Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.