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BEML share price falls after hitting 52-week high- ICICI Direct sees 39% upside in the defence PSU stock- Should you buy

By · Published by Everything Blog

In short

The company saw its shares retreat to ₹2,098.20 following a recent 52-week peak, though it closed the trading week with an overall gain of 7.64%. Financial results for the second quarter of FY27 reflected mixed performance, as operational revenue expanded to ₹1,191.61 crore while rising expenses trimmed net profit to ₹33.34 crore. Moving forward, the company is counting on an order book of ₹21,388 crore to drive future expansion across its primary industrial divisions.

Key points

  • The company holds an order book of ₹21,388 crore with ₹17,967 crore scheduled for executi…: The company holds an order book of ₹21,388 crore with ₹17,967 crore scheduled for execution after FY27.
  • Management aims to secure ₹20,000 crore in total order inflows throughout FY27.: Management aims to secure ₹20,000 crore in total order inflows throughout FY27.
  • Rail and metro projects are anticipated to account for roughly half of the targeted FY27…: Rail and metro projects are anticipated to account for roughly half of the targeted FY27 order inflows.

Sources checked by our analysis pipeline: 1

BEML share price: Shares of BEML Limited, ended 1.23% lower on Friday, after seeing sharp surge over the past five trading sessions. The defence PSU reported a 30.5% annual surge in its consolidated net profit during the first quarter of financial year 2026-27.

Despite Friday’s decline, BEML share price ended the week with 7.64% gain. The PSU’s surge in revenue and profit was supported by improved execution, however, higher cost of revenues weighed on profitability, according to ICICI Securities report, which sees up to 39% upside potential in BEML share price.

BEML share price outlook

BEML is transitioning towards a rail and metro-led growth profile. Hence its growth is likely to be supported by a strong order pipeline across metro rolling stock, commuter rail and other railway programmes.

“BEML reported H1FY27 order inflows of ~ ₹7,500 crore and an order book of ₹21,388 crore as of September 2026, providing multi-year revenue visibility, with ₹17,967 crore executable beyond FY27. Management is targeting FY27 order inflows of ₹20,000 crore, with Rail & Metro expected to contribute around 50%,” read the brokerage report.

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