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 reported mixed quarterly performance with a big miss on revenue (+9.1% YoY to Rs15.1bn) and EBITDA margin expansion of 381bps YoY.</li><li>Although FY24 order inflows were softer than expectations, the company has a significant opportunity pipeline in Rail &amp; Metro worth ~Rs580bn in FY25 (Rail ~Rs440bn and Metro ~Rs140bn) and ~Rs320bn in FY26 which can boost the order book.</li><li>Prospects include metro cars in Mumbai, Chennai, Patna, among others, as well as Vande Bharat rolling stock.</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 reported mixed quarterly performance with a big miss on revenue (+9.1% YoY to Rs15.1bn) and EBITDA margin expansion of 381bps YoY.Although FY24 order inflows were softer than expectations, the company has a significant opportunity pipeline in Rail &amp; Metro worth ~Rs580bn in FY25 (Rail ~Rs440bn and Metro ~Rs140bn) and ~Rs320bn in FY26 which can boost the order book.Prospects include metro cars in Mumbai, Chennai, Patna, among others, as well as Vande Bharat rolling stock.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) - Strong Margin Expansion; Revenue Disappoints

Beml Ltd

Beml (Beml In) - Strong Margin Expansion; Revenue Disappoints