Miniratna Defence Stock Declares Dividend – Here’s How Much You Will Get By The PSU

In May 1964, BEML Limited (previously Bharat Earth Movers Limited) was founded as a Public Sector Undertaking listed on the BSE and NSE exchanges. A "Schedule 'A' Company under the Ministry of Defence, Government of India, BEML Limited conducts business under India's main industries, including mining, infrastructure, power, rail, and defence. The company works in three main business sectors: rail and metro, defence, and mining and construction. Nine production facilities serving the three verticals are situated in Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad, and Vignyan Industries Ltd., a subsidiary in the Chikmagalur District.

BEML Dividend

"We wish to inform that the Board of Directors of the Company in its 408th meeting held on 06.02.2025, inter-alia, has declared interim dividend of Rs. 5/- per equity share of Rs.10/- each (i.e. 50% of paid up share capital) for the financial year 2024-25. In this connection, the Company had fixed the Record date as 14.02.2025 for payment of said interim dividend to the eligible equity shareholders as on the record date," said BEML in a stock exchange filing.

BEML Q3 Financials

In the quarter under review, BEML's net profit fell 49.37% YoY to Rs 24.4 crore. In the same quarter last year, it posted a profit of Rs 48.2 crore. In addition, revenue for the quarter decreased by 16.3% to Rs 876 crore in Q3FY25, compared to Rs 1,047 crore in Q3FY24. BEML's EBITDA (earnings before interest, tax, depreciation, and amortisation) climbed 8% to Rs 60.6 crore for the third quarter of the current fiscal year, while margins grew to 7%, up 160 basis points from 5.4% in Q3FY24.

BEML Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "BEML is currently trading at ₹3,132.40, maintaining a downtrend by forming lower highs and lower lows on the daily chart. After experiencing a decline from higher levels, the stock consolidated within a range but has recently broken below this consolidation, reinforcing the bearish sentiment. The ongoing six-session losing streak highlights continued selling pressure, suggesting weakness in the stock's structure."

"If BEML breaches below the ₹3,100 mark, it could trigger further selling, potentially dragging the price towards the ₹2,700 level. Additionally, the Relative Strength Index (RSI) is at 32.53, trending downward, which signals increasing bearish momentum. The stock is also trading below all key moving averages-short-term, medium-term, and long-term exponential moving averages (EMAs)-further confirming the weakness in its trend," the analyst commented.

"At current levels, buying is not advisable, as the stock lacks any sign of reversal. Traders should wait for a clear trend reversal and confirmation before considering any long positions. A strong support formation or bullish price action would be essential to validate a shift in momentum. On the upside, BEML needs to surpass the ₹3,500-₹3,700 zone to confirm a potential reversal and gain further upward momentum. Until then, the stock remains vulnerable to further declines, and traders should exercise caution while navigating the trend," Hardik Matalia further recommended.

Disclaimer

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