Beezaasan Explotech Ltd
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories.[1]
- Market Cap ₹ 976 Cr.
- Current Price ₹ 644
- High / Low ₹ 644 / 177
- Stock P/E 82.8
- Book Value ₹ 101
- Dividend Yield 0.00 %
- ROCE 11.1 %
- ROE 9.47 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 63.8% CAGR over last 5 years
- Promoter holding has increased by 4.32% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.6% over last 3 years.
* 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.
Peer comparison
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 36 | 58 | 142 | 229 | 187 | 215 | 212 | |
| 34 | 55 | 135 | 220 | 175 | 194 | 193 | |
| Operating Profit | 2 | 3 | 7 | 9 | 12 | 21 | 18 |
| OPM % | 5% | 5% | 4.8% | 3.9% | 6% | 10% | 9% |
| 0 | 0 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 1 | 1 | 2 | 3 | 3 | 3 | 1 |
| Depreciation | 0 | 1 | 1 | 2 | 2 | 2 | 3 |
| Profit before tax | 0 | 2 | 4 | 4 | 7 | 16 | 16 |
| Tax % | 94% | 34% | 24% | 26% | 24% | 25% | 24% |
| 0 | 1 | 3 | 3 | 5 | 12 | 12 | |
| EPS in Rs | 0.02 | 1.75 | 4.36 | 4.20 | 5.36 | 9.52 | 7.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | -3% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 64% |
| 3 Years: | 56% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 183% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 6 | 7 | 7 | 10 | 13 | 15 |
| Reserves | -0 | 1 | 5 | 7 | 14 | 83 | 138 |
| 13 | 18 | 24 | 44 | 34 | 22 | 35 | |
| 4 | 3 | 7 | 4 | 9 | 6 | 12 | |
| Total Liabilities | 21 | 28 | 43 | 63 | 67 | 124 | 200 |
| 8 | 16 | 19 | 24 | 30 | 34 | 47 | |
| CWIP | 5 | 0 | 0 | 3 | 2 | 12 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 53 |
| 8 | 13 | 24 | 35 | 36 | 79 | 97 | |
| Total Assets | 21 | 28 | 43 | 63 | 67 | 124 | 200 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2 | -0 | -0 | 17 | 7 | 6 | 1 | |
| -5 | -3 | -5 | -12 | -6 | -54 | -12 | |
| 4 | 3 | 6 | 1 | -6 | 46 | 11 | |
| Net Cash Flow | -0 | 0 | 0 | 7 | -4 | -2 | 0 |
| Free Cash Flow | -3 | -10 | -5 | 11 | 2 | -10 | -11 |
| CFO/OP | 97% | -4% | -2% | 203% | 67% | 33% | 29% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 36 | 28 | 17 | 13 | 11 | 22 |
| Inventory Days | 31 | 49 | 34 | 25 | 47 | 52 | 80 |
| Days Payable | 43 | 19 | 13 | 3 | 3 | 0 | 7 |
| Cash Conversion Cycle | 39 | 66 | 49 | 40 | 57 | 63 | 95 |
| Working Capital Days | -24 | -2 | 12 | -12 | -3 | 40 | 47 |
| ROCE % | 11% | 18% | 16% | 18% | 21% | 11% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Top 10 Customer Revenue Concentration % |
|
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| Emulsion Explosive Capacity Utilization % |
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| Slurry Explosive Capacity Utilization % |
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| Detonating Fuse Sales Volume Lakh Meters |
||||
| Emulsion Explosive Sales Volume MT |
||||
| Slurry Explosive Sales Volume MT |
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| Detonating Fuse Capacity Utilization % |
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| Order Book INR Crores |
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Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting-13.10.2026
- Beezaasan withdraws EGM item to raise authorised capital from Rs.16 crore to Rs.46 crore on September 23, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- We are enclosing herewith copies of newspaper advertisement published in the newspaper namely Free Press Gujarat (English) and Lokmitra(Gujarati).
-
13 October 2026
- EGM on 13 Oct 2026 to raise authorised capital to ₹46 crore and issue 5,13,772 shares for ₹29.28 crore.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Beezaasan Explotech's 13th AGM on September 17, 2026 approved all 8 resolutions, including director reappointments and IPO proceeds variation.
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
- Board approved authorised capital increase and preferential issue of 5,13,772 shares at ₹570, raising ₹29.28 crore; EGM on Oct 13.
Concalls
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Jun 2025PPT
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.