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This PSU is on track for faster growth

September 19, 2019 / 02:20 PM IST
This PSU is on track for faster growth

Highlights: - Operating in the growing railways engineering space - Strong order book and a pipeline of projects - Expected to deliver higher revenue growth - Good earnings visibility led by better operating margin - Attractive valuation Once a laggard, BEML is making a comeback as a result of robust order inflows from the railways and metro rail projects, which together account for about half its total order book. With traction in new orders and other initiatives, the company is eyeing 20-22 percent growth over the next...

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