BEML Targets 20% CAGR with Strong Metro, Defense & Mining Order Pipeline

Bengaluru – BEML Limited, a Schedule ‘A’ company under the Ministry of Defence, has published the transcript of its investor and analyst meet hosted by Elara Capital on June 16, 2025, in Mumbai. The session, now available on the company’s website, laid out BEML’s strategic direction and financial outlook.

Key Highlights from CMD Shantanu Roy’s Remarks:

• BEML targets 20% CAGR growth, underpinned by strong visibility across defense, mining, and rail & metro verticals.

• Anticipates order book doubling in FY26, driven by tenders under finalization, especially in Metro and Defense.

• Aims to deliver 20 metro trainsets to Bangalore Metro, along with new Vande Bharat and LHB coaches in FY25.

• Defense orders exceeding RS 1,500 crore will be executed this year, alongside emergency procurement opportunities.

• Focus on systems integration, such as mechanical minefield marking systems and command post vehicles, to improve margins.

• Committed to reducing material costs, optimizing sustenance business (spares & services), and improving EBITDA by 150 basis points.

The company also discussed key capex plans including expansion of manufacturing capacity at Bhopal and Bangalore facilities. An investment outlay of RS 1,800 crore is planned over five phases, enabling capacity to scale up to 750–800 railcars annually.

Notably, the CMD emphasized deep indigenization efforts in defense manufacturing, particularly in rolling out the fully indigenous 12x12 high-mobility vehicles, and expressed confidence in expanding aerospace and maritime systems integration.