BEML slipped 0.69% to Rs 651 at 10:09 IST on BSE despite reporting 26.72% rise in net profit to Rs 118.5 crore on 14.71% increase in total income to Rs 1099.43 crore in Q4 March 2008 over Q4 March 2007.
The company announced the results on Saturday, 19 July 2008.
The stock hit a high of Rs 671 and a low of Rs 650 so far during the day. The stock had a 52-week high of Rs 1849.95 on 5 December 2007 and a 52-week low of Rs 600 on 16 July 2008.
The company has an equity capital of Rs 41.64 crore. Face value per share is Rs 10.
The current price of Rs 651 discounts its Q4 March 2008 annualised EPS of Rs 113.83, by a PE multiple of 5.72.
BEML reported a 10.11% rise in net profit to Rs 225.65 crore on 6.26% increase in total income to Rs 2634.43 crore in the year ended March 2008 over the year ended March 2007.
On 15 July 2008, BEML bagged export orders aggregating to Rs 34.50 crore from African countries for supply of equipments.
BEML earlier known as Bharat Earth Movers is engaged in manufacturing mining and construction equipments, railway rolling stocks, metro and defense equipments and aggregates. The products include bulldozers, shovels, excavators, dumpers, railway and transway passenger coaches.
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