BEML shares in spotlight on bagging metro rolling stock supply order worth about $60 million

In a regulatory filing dated March 18, the Miniratna PSU stated that it received a Letter of Intent (LoI) for designing, manufacturing, supplying, testing, and commissioning standard-gauge metro rolling stock for the African region.

It noted that the order includes stainless-steel standard gauge metro rolling stock valued at approximately $60 million.

BEML further added that this is the first-ever overseas order it has secured for the supply of metro rolling stock.

Recent development

In a separate regulatory filing dated February 7, the company announced that its board of directors had approved an estimated investment of approximately ₹1,500 crore for the Greenfield Rail Manufacturing facility, BRAHMA, at Umariya, near Bhopal, Madhya Pradesh.

BEML stated that it would finance the investment through long-term debts, adding that the project is expected to be completed in a phased manner in five years.

It said that the rationale of the investment was to enhance its manufacturing capabilities.

BEML stock performance

Shares of BEML closed 3.19% higher at ₹1,560.20 apiece on the National Stock Exchange (NSE) on Wednesday.

The scrip has lost 3% in the last week and more than 11% over the month. On a year-to-date basis, it has declined by 15%.

While the stock hit a 52-week high of ₹2,437.40 on June 23, 2025, it has touched a year’s low of ₹1,225.65 per equity share on April 7, 2025.

Q3 results

The company posted a consolidated net loss of ₹22.38 crore for the third quarter of FY26, compared to the net profit of ₹24.41 crore it had logged in the year-ago period.

Its revenue from operations surged 23.7% year-on-year (YoY) to ₹1,083.27 crore during the quarter under review, as against ₹875.77 crore in the October-December quarter of FY25.

BEML has a total market capitalisation of ₹13,026.40 crore, as of March 18, 2026, according to data on the NSE.