Beezaasan Explotech Ltd
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories.[1]
- Market Cap ₹ 311 Cr.
- Current Price ₹ 205
- High / Low ₹ 289 / 153
- Stock P/E 24.9
- Book Value ₹ 80.4
- Dividend Yield 0.00 %
- ROCE 21.1 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 308% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 36 | 58 | 142 | 229 | 187 | 215 | 218 | |
| 34 | 55 | 135 | 220 | 175 | 194 | 199 | |
| Operating Profit | 2 | 3 | 7 | 9 | 12 | 21 | 20 |
| OPM % | 5% | 5% | 5% | 4% | 6% | 10% | 9% |
| 0 | 0 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 1 | 1 | 2 | 3 | 3 | 3 | 2 |
| Depreciation | 0 | 1 | 1 | 2 | 2 | 2 | 3 |
| Profit before tax | 0 | 2 | 4 | 4 | 7 | 16 | 17 |
| Tax % | 94% | 34% | 24% | 26% | 24% | 25% | |
| 0 | 1 | 3 | 3 | 5 | 12 | 12 | |
| EPS in Rs | 0.02 | 1.75 | 4.36 | 4.20 | 5.36 | 9.52 | 9.67 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 15% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 308% |
| 3 Years: | 57% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 21% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 6 | 7 | 7 | 10 | 13 | 13 |
| Reserves | -0 | 1 | 5 | 7 | 14 | 83 | 91 |
| 13 | 18 | 24 | 44 | 34 | 22 | 23 | |
| 4 | 3 | 7 | 4 | 9 | 9 | 10 | |
| Total Liabilities | 21 | 28 | 43 | 63 | 67 | 127 | 137 |
| 8 | 16 | 19 | 24 | 30 | 34 | 36 | |
| CWIP | 5 | -0 | -0 | 3 | 2 | 12 | 13 |
| Investments | -0 | -0 | -0 | -0 | 0 | 0 | 1 |
| 8 | 13 | 24 | 35 | 36 | 82 | 88 | |
| Total Assets | 21 | 28 | 43 | 63 | 67 | 127 | 137 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2 | -0 | -0 | 17 | 7 | 4 | |
| -5 | -3 | -5 | -12 | -6 | -35 | |
| 4 | 3 | 6 | 1 | -6 | 49 | |
| Net Cash Flow | -0 | 0 | 0 | 7 | -4 | 18 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 51 | 36 | 28 | 17 | 13 | 11 |
| Inventory Days | 31 | 49 | 34 | 25 | 47 | 52 |
| Days Payable | 43 | 19 | 13 | 3 | 3 | 0 |
| Cash Conversion Cycle | 39 | 66 | 49 | 40 | 57 | 63 |
| Working Capital Days | -24 | -2 | 12 | -12 | -3 | 40 |
| ROCE % | 11% | 18% | 16% | 18% | 21% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Sale of Slurry Explosives MT |
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| Sale of Emulsion Explosives MT |
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| Licensed Capacity - Slurry Explosives MT |
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| Sale of Detonating Fuse Lakh Mtr |
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| Installation Capacity (Annual) - Slurry Explosives MT |
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| Licensed Capacity - Emulsion Explosives MT |
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| Number of Clients Number |
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| Order Book INR Crores |
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| Total Employees Number |
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| Total Manufacturing Area Lakh Sq. Ft. |
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Documents
Announcements
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Board Meeting Outcome for Outcome-Allotment Of 22,30,641 (Twenty Two Lakh Thirty Thousand Six Hundred And Fourty One) Fully Paid Up Equity Shares Of Face Value Of Rs. 10/-Each To Be Issued On Preferential Basis
2 Mar - Beezaasan allotted 22,30,641 shares at Rs.236 on March 2, 2026; Rs52.64Cr swap for 34.84% Asawara.
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Board Meeting Intimation for Allotment Of 22,30,641 Equity Shares
25 Feb - Preferential allotment of 2,230,641 shares at Rs.236 (₹526.43m) to promoter group; Board meeting March 2, 2026.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
17 Feb - Postal ballot passed: Sanjay Shrivastava appointed Whole-time Director; 8,661,827 votes (100%) on 13-02-2026.
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Announcement under Regulation 30 (LODR)-Preferential Issue
12 Feb - Preferential allotment of 836,220 promoter shares approved; shares reclassified as frequently traded; approvals Nov 25 and Dec 18, 2025.
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
29 Jan - Registered office shifted within Gandhinagar to Swagat Twin City, effective January 29, 2026.
Concalls
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Jun 2025TranscriptAI SummaryPPT
Business Profile[1]
The company manufactures and supplies explosives and accessories like Slurry and Emulsion Explosives and Detonating Fuse, serving cement, mining, defense, Border Roads Organization, and PSUs.