Buy BEML, target Rs 880: Kunal Bothra
Buy BEML Ltd. at a price target of Rs 880.0 and a stoploss at Rs 820 from entry point.
BEML Ltd. key Products/Revenue Segments include Earth Moving Equipments which contributed Rs 1019.54 Crore to Sales Value (30.84 % of Total Sales), Railway Items which contributed Rs 1017.75 Crore to Sales Value (30.79 % of Total Sales), Spare Parts & Others which contributed Rs 687.02 Crore to Sales Value (20.78 % of Total Sales), Defence Items which contributed Rs 357.27 Crore to Sales Value (10.80 % of Total Sales), Sale of services which contributed Rs 191.55 Crore to Sales Value (5.79 % of Total Sales), Scrap which contributed Rs 24.06 Crore to Sales Value (0.72 % of Total Sales), Wind Energy which contributed Rs 8.22 Crore to Sales Value (0.24 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 923.85 Crore, up 25.86 % from last quarter Sales of Rs 734.05 Crore and up 26.29 % from last year same quarter Sales of Rs 731.51 Crore Company has reported net profit after tax of Rs 44.70 Crore in latest quarter. The company’s top management includes Dr.Md. Nazmuddin, Mr.B P Rao, Mr.B R Viswanatha, Mr.D K Hota, Mr.Gurmohinder Singh, Mr.M G Raghuveer, Mr.R H Muralidhara, Mr.Sudhir Kumar Beri, Mr.Suraj Prakash, Mr.Suresh S Vastrad. Company has S R R K Sharma Associates as its auditoRs As on 31-03-2019, the company has a total of 41,644,500 shares outstanding.