Beezaasan Explotech Ltd
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories.[1]
- Market Cap ₹ 294 Cr.
- Current Price ₹ 227
- High / Low ₹ 272 / 146
- Stock P/E 23.9
- Book Value ₹ 74.3
- Dividend Yield 0.00 %
- ROCE 22.4 %
- ROE 20.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 315% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -25.4%
* 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 | |
|---|---|---|---|---|---|---|
| 36 | 58 | 142 | 229 | 187 | 215 | |
| 34 | 55 | 135 | 220 | 175 | 194 | |
| Operating Profit | 2 | 3 | 7 | 9 | 12 | 21 |
| OPM % | 5% | 5% | 5% | 4% | 6% | 10% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 2 | 3 | 3 | 3 |
| Depreciation | 0 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | 2 | 4 | 4 | 7 | 16 |
| Tax % | 94% | 34% | 24% | 26% | 24% | 25% |
| 0 | 1 | 3 | 3 | 5 | 12 | |
| EPS in Rs | 0.02 | 1.75 | 4.36 | 4.20 | 5.36 | 9.52 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 15% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 315% |
| 3 Years: | 61% |
| TTM: | 142% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 22% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 6 | 7 | 7 | 10 | 13 |
| Reserves | -0 | 1 | 5 | 7 | 14 | 83 |
| 13 | 18 | 24 | 44 | 34 | 22 | |
| 4 | 3 | 7 | 4 | 9 | 9 | |
| Total Liabilities | 21 | 28 | 43 | 63 | 67 | 127 |
| 8 | 16 | 19 | 24 | 30 | 34 | |
| CWIP | 5 | 0 | 0 | 3 | 2 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 | 13 | 24 | 35 | 36 | 82 | |
| Total Assets | 21 | 28 | 43 | 63 | 67 | 127 |
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 | 1 | 4 | |
| -5 | -3 | -5 | -12 | -6 | -35 | |
| 4 | 3 | 6 | 1 | 0 | 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% | 17% | 22% |
Documents
Announcements
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
12 Sep - Purchase orders worth INR 4.8 Crore for explosives and detonating fuse, to be executed over six months.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Sep - The management of the Company will be participating in a meeting with Investors on Saturday, September 13th, 2025.
-
Newspaper Advertisement In Connection With 12Th Annual General Meeting (AGM) Of The Company
5 Sep - Relaxo’s Flite names Sanya Malhotra brand ambassador; launches festive wedding footwear range.
-
Board Meeting Outcome for Outcome Of Meeting Of The Board Of The Company
4 Sep - Board approved Beezaasan Safetycord Limited as 100% subsidiary; shares face value Rs.10; completion within six months.
- Reg. 34 (1) Annual Report. 4 Sep
Concalls
-
Jun 2025TranscriptNotesPPT
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.