Railway stock jumps after receiving order worth ₹867 Cr for high speed trainsets - Trade Brains

by Trade Brains | Oct 15, 2024 | 1:30 pm | News, Trending News | 0 comments

Railway stock engaged in manufacturing and supplying a wide range of heavy earthmoving equipments, railway coaches, and many more for Defence, Railways, Mining, and others in focus upon receiving work order worth Rs. 867 Crores for providing two high-speed trainsets.

With a market capitalization of Rs. 15,672 Crores, the shares of BEML Limited were trading at Rs. 3,730 per equity share, up 1 percent from its previous day’s close price of Rs. 3,730.30

BEML Limited has received a new work order from Integral Coach Factory for the design, manufacturing, and commissioning of two high-speed trainsets, each comprising 8 cars with each car priced at Rs. 27.86 Crs, and the total contract value is Rs. 866.87 Crores.

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It includes design cost, one-time development cost, non-recurring charges, and one-time cost towards Jigs, fixtures, tooling, and testing facilities, which will be utilized for all future High-Speed projects in India

The trainsets will be built at BEML’s Bengaluru rail coach complex and are scheduled for delivery by the end of 2026. It will be Featuring a fully air-conditioned, Chair Car configuration, the trains will offer modern passenger amenities such as reclining and rotatable seats, special provisions for passengers with restricted mobility, and onboard infotainment systems.

Also Read: Infra stock jumps 6% after receiving order worth ₹39 Cr from NALCO

This project marks a significant milestone in India’s high-speed rail journey and will see the first indigenously designed and manufactured trainsets with a test speed of 280 mph.

Bharat Earth Movers Limited Limited (BEML) is engaged in the business of manufacturing and supplying a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defence forces, and aluminum wagons, coaches for the metro, railways, and many other operations.

As of Q1FY25, Bharat Earth Movers Limited Limited (BEML) has a strong order book of Rs. 11,818 Crores, which includes Rs. 3,436 Crores worth of orders being executable in the current year and the rest of Rs. 8,382 Crores worth orders are to executable in the subsequent years.

Coming to the revenue breakup as of FY24 Bharat Earth Movers Limited Limited (BEML) generated 43 percent of its revenue from the Mining and Construction segment, Rail & Metro 38 percent, and the rest from Defence & Aerospace 19 percent.

Its Revenue from operations grew by 10 percent from Rs. 576.91 Crores in Q1FY24 to Rs. 634.08 Crores in Q1FY25, accompanied by losses of Rs. 75 Crores to Rs. 70.47 Crores.

In terms of Return ratios, it has reported a return on equity (ROE) of 10.56 percent, and a return on capital employed (ROCE) of 12.43 percent. It has reported a debt-to-equity ratio of 0.03.

Also Read: Water management stock jumps 4% after receiving ₹1,000 Cr order from Indosol Solar

Written by: Bharath K.S

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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