BEML declined 2.75% to Rs 650 at 11:21 IST on BSE even as the company said it has bagged export orders aggregating to Rs 34.50 crore from African countries for the supply of equipments.
The company made this announcement before trading hours today, 15 July 2008.
The stock hit a high of Rs 660 and a low of Rs 641 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 633.05 on 2 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 650 discounts its Q3 December 2007 annualised EPS of Rs 56.91, by a PE multiple of 11.42.
Recently, BEML had bagged mining equipment orders worth Rs 207 crore from Indonesia.
In May 2008, BEML entered into a memorandum of understanding with Steel Authority of India for supply of earth moving equipments and spares.
BEML’s net profit rose 11.8% to Rs 59.24 crore on 14.2% increase in net sales to Rs 622.14 crore in Q3 December 2007 over Q3 December 2006.
The company 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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