BEML Limited — Investor Meet, 16-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

BEML's Investor Call highlighted mixed FY26 financials: strong revenue growth but PAT down 50% to 148 Cr & EBITDA down 38% to 328 Cr due to one-time legacy corrections (Rs 250 Cr) and gratuity provisions. Underlying operations remain positive. Order book hit an all-time high of 15,900 Cr, with the current book at 16,700 Cr. FY27 starts with 5,500 Cr executable orders. Management targets Rs 40,000 Cr in new opportunities, led by Rail & Metro (70%), Defense (20%), and exports. New products like Vande Bharat Sleeper and indigenous HMV 12x12 are key, with capacity expanding. Mgmt is confident on future growth, aiming for 16% sustainable EBITDA and a 20% working capital reduction.