Established in: 1964
Managing director: Shantanu Roy
BEML Limited, formerly Bharat Earthmovers Limited, is a public sector company, incorporated on May 11, 1964, in Bengaluru. It is a public sector undertaking of the Defence Ministry that is primarily engaged in the manufacture of rail coaches and spare parts, and mining equipment.
BEML is pioneering the Make in India initiative of the central government, catering to the needs of customers across industries. The company plays a significant role in manufacturing different products and offering technology solutions for defence, rail, power, coal, steel, irrigation, construction and mining sectors.
BEML has achieved major strides in Indian defence systems and Metro Rail locomotives. The defence PSU has 4 manufacturing units in Bengaluru, Mysore, Kolar Gold Fields and Palakkad. Besides manufacturing, the company provides test facilities to private entities, particularly promoting the start-up ecosystem.
Between 1970 and 1980, BEML expanded its product range by adding dump trucks, motor graders and rail coaches to its portfolio. The Kolar Gold Fields (KGF) became the backbone of its earth-moving operations, while the Bengaluru facility began to manufacture rail coaches.
In 1992, the Indian Government decided to divest a 25% stake in BEML and offered the public the opportunity to become its shareholders.
In 2007, BEML Limited executed a Follow-on-Public offer (FPO) and raised ₹526.75 crore. In the same year, the company shed its full name and officially rebranded as BEML Limited.
Today, BEML stands as Asia’s second-largest manufacturer of earthmoving equipment. Its market capitalisation is around ₹13,730 crore as on 4 March 2026.
BEML’s business is divided into four main segments. The details of the business segment are as follows.
The rail business is expected to witness massive growth because India keeps its Vande Bharat fleet expansion target of 4,500 trainsets by 2047.
In this segment, the company manufactures a range of earth-moving and mining equipment, like hydraulic excavators, bulldozers, wheel loaders, dump trucks, motor graders, pipe layers, etc.
The company is slowly moving into complex systems integration, building Manefield Marking vehicles and Command Post Vehicles rather than just standalone platforms. It entered into a partnership with Bharat Forge for Advance Medium Combat Aircraft programme, giving support in building India’s next-generation fighter aircraft ecosystem.
BEML partnered with HD Korea Shipbuilding and HD Hyundai Samho for maritime cranes. The company is targeting ₹4,000 crore revenue from its maritime and port business over the next 5 years.
As of late 2025, the BEML order book stands at a record high of ₹16,500 crore. This represents a book-to-bill ratio of nearly 3.4x its annual revenue. It means BEML has about 3.4 years of revenue already locked in.
Revenue: BEML Limited reported consolidated revenue of ₹4,045.95 crore in FY25 vs ₹4,096.56 crore in FY24. It showed a decrease of -1.23% on a yearly basis.
Operating Profit: The company reported an operating profit of ₹403.76 crore in FY25 vs ₹381.62 crore in FY24. It showed a decline of -5.80% on a year-on-year basis, indicating that the company's operating profit remained under pressure.
Net Profit: It reported a net profit of ₹292.52 crore in FY25 compared to ₹281.77 crore in FY24. It showed an increase of 3.81% on a yearly basis, indicating a steady performance.
As of 25 May 2026, BEML share price is ₹1,823.80. The stock opened at ₹1,848.50, compared to its previous close of ₹1,830.30. During today's trading session, BEML share price moved in the range of ₹1,814.60 to ₹1,879.90, with an average price of ₹1,847.25 for the day. Looking at its last 52-week, the stock has touched a low of ₹1,814.60 and a high of ₹1,879.90. On the performance front, BEML share price has declined by 0.95% over the last six months and is down 1.89% on a year-on-year basis.
The market capitalization of BEML is ₹15,241 Crs, with a P/E ratio of 61.2 and a dividend yield of 0.55%.