Aerospace & Defence · BEML
Aerospace & Defence - Equipments
from 1,911 today
We revise our FY28E EPS estimate +3.8%, factoring in sustained order inflows across key segments supported by strong order prospects. We maintain our 'Accumulate' rating with a revised TP of Rs2,011 at PE multiple of 27x Mar'28E.
BEML delivered strong revenue growth and sharp operating leverage in 1QFY27, narrowing its losses. We maintain BUY rating and revise our TP to INR 2,332, valuing the company at 30x 1HFY29E EPS.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
