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 23.4
- Book Value ₹ 81.6
- Dividend Yield 0.00 %
- ROCE 22.8 %
- ROE 20.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 141 | 228 | 188 | 215 | 214 | |
| 135 | 220 | 176 | 192 | 192 | |
| Operating Profit | 6 | 8 | 12 | 23 | 22 |
| OPM % | 4% | 3% | 7% | 11% | 10% |
| 1 | 1 | 0 | 1 | 2 | |
| Interest | 2 | 3 | 3 | 4 | 2 |
| Depreciation | 1 | 2 | 2 | 3 | 3 |
| Profit before tax | 4 | 4 | 7 | 18 | 19 |
| Tax % | 27% | 30% | 23% | 24% | |
| 3 | 3 | 5 | 14 | 14 | |
| EPS in Rs | 4.06 | 3.98 | 5.38 | 10.15 | 10.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 10 | 13 | 13 |
| Reserves | 5 | 7 | 14 | 84 | 92 |
| 24 | 43 | 37 | 25 | 25 | |
| 7 | 4 | 10 | 10 | 10 | |
| Total Liabilities | 42 | 62 | 71 | 131 | 141 |
| 19 | 24 | 32 | 37 | 39 | |
| CWIP | 0 | 3 | 2 | 12 | 13 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 23 | 34 | 37 | 82 | 89 | |
| Total Assets | 42 | 62 | 71 | 131 | 141 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -1 | 2 | 7 | 5 | |
| -5 | -10 | -9 | -35 | |
| 6 | 14 | -2 | 48 | |
| Net Cash Flow | 0 | 7 | -4 | 18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 28 | 17 | 13 | 11 |
| Inventory Days | 33 | 25 | 48 | 54 |
| Days Payable | 13 | 3 | 4 | 1 |
| Cash Conversion Cycle | 49 | 39 | 58 | 64 |
| Working Capital Days | 12 | -13 | -2 | 40 |
| ROCE % | 16% | 17% | 23% |
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 |
|
||||||||
| Sale of Emulsion Explosives MT |
|||||||||
| Licensed Capacity - Slurry Explosives MT ・Standalone data |
|||||||||
| Sale of Detonating Fuse Lakh Mtr |
|||||||||
| Installation Capacity (Annual) - Slurry Explosives MT ・Standalone data |
|||||||||
| Licensed Capacity - Emulsion Explosives MT ・Standalone data |
|||||||||
| Number of Clients Number |
|||||||||
| Order Book INR Crores |
|||||||||
| Total Employees Number |
|||||||||
| Total Manufacturing Area Lakh Sq. Ft. |
|||||||||
Documents
Announcements
-
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.
-
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.
-
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.
-
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.
-
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
-
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.