External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Prabhudas Lilladher's research report onBEML BEML is in a sweet spot to capitalise on “Make-inIndia” and the country’s flourishing metro, railway &amp; defence capex story led by 1) defence order pipeline of ~Rs400bn</li><li>2) near-term order potential of Rs100bn+ in metro projects, 3) ~Rs365bn+ opportunity in rolling stock for Vande Bharat trains, and 4) healthy order book (~Rs124bn) with ~Rs8bn capex planned to ramp up execution.</li><li>We estimate Revenue/Adj. PAT CAGR of 16.4%/50.3% over FY23-26E, with significant margin expansion of 420bps owing to revenue scale-up and falling manpower.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Prabhudas Lilladher's research report onBEML BEML is in a sweet spot to capitalise on “Make-inIndia” and the country’s flourishing metro, railway &amp; defence capex story led by 1) defence order pipeline of ~Rs400bn2) near-term order potential of Rs100bn+ in metro projects, 3) ~Rs365bn+ opportunity in rolling stock for Vande Bharat trains, and 4) healthy order book (~Rs124bn) with ~Rs8bn capex planned to ramp up execution.We estimate Revenue/Adj. PAT CAGR of 16.4%/50.3% over FY23-26E, with significant margin expansion of 420bps owing to revenue scale-up and falling manpower.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BEML (BEML IN) - Riding High on India’s Metro, Rail & Defence Story

Beml Ltd

BEML (BEML IN) - Riding High on India’s Metro, Rail & Defence Story