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 ₹ 285 Cr.
- Current Price ₹ 140
- High / Low ₹ 150 / 135
- Stock P/E 84.1
- 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
-
Submission Of Revised Unaudited Financial Results For The Half Year Ended September 30Th, 2025
12 Nov - Revised unaudited H1 Sep 30, 2025 results: revenue Rs29,427.97L, profit Rs426.43L; IPO proceeds Rs6,300L, listed Oct 6, 2025.
-
Financial Results For Half Year Ended 30.09.2025
10 Nov - Unaudited H1 results: Revenue Rs29,427.97L, PAT Rs426.43L; IPO 4.5M shares, proceeds Rs6,300L, listed Oct 6, 2025.,
-
Announcement under Regulation 30 (LODR)-Change in Management
10 Nov - CFO Anish Shah resigned effective 7 Nov 2025; K.P. Ravichandran appointed interim CFO effective 10 Nov 2025.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 10Th November, 2025
10 Nov - CFO resigned (Nov 7); interim CFO appointed Nov 10; H1 revenue Rs29,427.97L; profit Rs426.43L.
-
Board Meeting Intimation for Meeting Of The Board Of The Company To Be Held On Monday, November 10Th, 2025 At 4:00 P.M., Inter Alia, To Transact The Agenda Items.
4 Nov - Board meeting Nov 10, 2025 to approve standalone and consolidated H1 results for Sep 30, 2025.
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.