Bhavik Enterprises Ltd
Incorporated in 2008, Bhavik Enterprises Limited is engaged in the trading of polymers primarily in Polyethylene (PE) and Polypropylene (PP).[1]
- Market Cap ₹ 309 Cr.
- Current Price ₹ 152
- High / Low ₹ 155 / 121
- Stock P/E 91.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 8.33 %
- ROE 5.97 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Company has a low return on equity of 11.1% over last 3 years.
- Earnings include an other income of Rs.4.19 Cr.
- Debtor days have increased from 31.3 to 41.6 days.
* 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
Commodities Chemicals Chemicals & Petrochemicals Trading - Chemicals
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 283 | 292 | 325 | 561 | 494 | 527 | |
| 278 | 280 | 319 | 544 | 489 | 523 | |
| Operating Profit | 5 | 12 | 6 | 17 | 5 | 4 |
| OPM % | 2% | 4% | 2% | 3% | 1% | 1% |
| 2 | 5 | 4 | 4 | 6 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 17 | 9 | 21 | 11 | 8 |
| Tax % | 28% | 27% | 26% | 26% | 26% | 26% |
| 5 | 12 | 7 | 15 | 8 | 6 | |
| EPS in Rs | 9.00 | 23.25 | 12.66 | 29.10 | 14.93 | 3.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 18% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -5% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 11% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 16 | 16 |
| Reserves | 45 | 57 | 64 | 79 | 87 | 82 | 86 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 35 | 52 | 57 | 77 | 44 | 75 | 79 | |
| Total Liabilities | 85 | 114 | 126 | 161 | 137 | 173 | 181 |
| 1 | 1 | 1 | 2 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 3 | 0 | 0 | 8 |
| 84 | 112 | 125 | 156 | 135 | 172 | 172 | |
| Total Assets | 85 | 114 | 126 | 161 | 137 | 173 | 181 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 5 | 26 | 1 | 14 | -3 | -33 | |
| 1 | 1 | 2 | -1 | 3 | -2 | |
| -0 | -0 | 0 | -0 | -0 | 0 | |
| Net Cash Flow | 6 | 28 | 2 | 12 | -0 | -34 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 43 | 36 | 41 | 27 | 26 | 42 |
| Inventory Days | 31 | 39 | 31 | 31 | 22 | 49 |
| Days Payable | 43 | 61 | 57 | 49 | 32 | 54 |
| Cash Conversion Cycle | 31 | 14 | 15 | 9 | 16 | 36 |
| Working Capital Days | 28 | 7 | 5 | 6 | 17 | 41 |
| ROCE % | 30% | 14% | 28% | 12% | 8% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Selling Price per MT INR |
|
||
| Employee Attrition Rate % |
|||
| Top 10 Customers Revenue Contribution % |
|||
| Total Permanent Employees Count |
|||
| Traded Volume Metric Tons (MT) |
|||
| Number of Depots Count |
|||
| Number of Warehouses Count |
|||
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 05.03.2026
5 Mar - Board (05-Mar-2026) recorded POSH and monitoring agency reports; considered FY26-27 exhibitions; noted compliances and day-to-day review.
-
Board Meeting Intimation for The Meeting Of The Board Of The Company Will Be Held On Thursday, March 5Th, 2026 At 5:00 P.M
26 Feb - Board meeting on 5 Mar 2026 to record POSH, monitoring agency report, compliances, and exhibition participation.
-
Statement Of Deviation And Variation For Quarter Ended 31.12.2025
14 Feb - No deviation in utilisation of Rs.5,460.18 lakh IPO proceeds; Rs.2,794.57 lakh used by Dec 31, 2025.
-
Intimation Under Regulation 262(6) Of SEBI (Issue Of Capital And Disclosure Requirements Regulations, 2018
13 Feb - Auditor certifies Rs 5,460.18 lakh IPO; Rs 2,794.57 lakh utilised as of 31-Dec-2025.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Feb - Monitoring agency: Rs63.00cr IPO; Rs27.95cr utilized by Dec 31, 2025; no deviations.
Business Profile[1]
Bhavik Enterprises Limited is engaged in B2B trading of polymers, focusing mainly on Polyethylene (PE) and Polypropylene (PP), which find applications in packaging, agriculture, infrastructure, automotive, and consumer goods. It operates under a “Stock & Sale” model, importing polymers, storing them in warehouses/depots, and supplying them to plastic product manufacturers.