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 ₹ 284 Cr.
- Current Price ₹ 139
- High / Low ₹ 150 / 121
- Stock P/E 83.7
- 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% |
Documents
Announcements
-
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.
-
Statement Of Deviation And Variation For Quarter Ended 31.12.2025
13 Feb - IPO proceeds ₹5,460.18 lakh; ₹2,794.57 lakh utilised for working capital as of Dec 31, 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Compliance Certificate received from Bigshare Services Pvt. Ltd. and Share Transfer Agent (RTA) for the Quarter ended 31.12.2025 pursuant to Regulation 74(5) of the SEBI …
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.