Bhavik Enterprises Ltd
₹ 146
-3.62%
08 Nov
- close price
About
Incorporated in 2008, Bhavik Enterprises Limited is engaged in the trading of polymers primarily in Polyethylene (PE) and Polypropylene (PP).[1]
Key Points
- Market Cap ₹ 298 Cr.
- Current Price ₹ 146
- High / Low ₹ 175 / 121
- Stock P/E 7.15
- Book Value ₹ 97.3
- Dividend Yield 0.00 %
- ROCE 14.3 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.61% 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
Commodities Chemicals Chemicals & Petrochemicals Trading - Chemicals
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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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 283 | 292 | 325 | 561 | 494 | 527 | 628 | 637 | |
| Sales growth | +3% | +11% | +73% | -12% | +7% | +19% | +12% | |
| 278 | 280 | 319 | 544 | 489 | 523 | 611 | 588 | |
| Operating Profit | 5 | 12 | 6 | 17 | 5 | 4 | 17 | 49 |
| OPM % | 1.9% | 4.1% | 1.7% | 3.1% | 1.0% | 0.8% | 2.7% | 8% |
| 2 | 5 | 4 | 4 | 6 | 4 | 2 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 17 | 9 | 21 | 11 | 8 | 18 | 56 |
| Tax % | 28% | 27% | 26% | 26% | 26% | 26% | 26% | |
| 5 | 12 | 7 | 15 | 8 | 6 | 14 | 42 | |
| EPS in Rs | 2.99 | 7.73 | 4.21 | 9.67 | 4.96 | 3.58 | 6.66 | 20.49 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 4% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -4% |
| TTM: | 1127% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 9% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 16 | 20 | 20 |
| Reserves | 45 | 57 | 64 | 79 | 87 | 82 | 145 | 178 |
| -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |
| 35 | 52 | 57 | 77 | 44 | 75 | 68 | 120 | |
| Total Liabilities | 85 | 114 | 126 | 161 | 137 | 173 | 234 | 318 |
| 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 0 | 0 | 0 | 3 | 0 | -0 | 8 | 8 |
| 84 | 112 | 125 | 156 | 135 | 172 | 225 | 309 | |
| Total Assets | 85 | 114 | 126 | 161 | 137 | 173 | 234 | 318 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 5 | 26 | 1 | 14 | -3 | -33 | 15 | |
| 1 | 1 | 2 | -1 | 3 | -2 | 1 | |
| -0 | -0 | -0 | -0 | -0 | -0 | 54 | |
| Net Cash Flow | 6 | 28 | 2 | 12 | -0 | -34 | 71 |
| Free Cash Flow | 5 | 26 | 0 | 10 | -3 | -33 | 7 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 154% | 257% | 52% | 111% | -20% | -792% | 130% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 36 | 41 | 27 | 26 | 42 | 31 |
| Inventory Days | 31 | 39 | 31 | 31 | 22 | 49 | 38 |
| Days Payable | 43 | 61 | 57 | 49 | 32 | 54 | 40 |
| Cash Conversion Cycle | 31 | 14 | 15 | 9 | 16 | 36 | 29 |
| Working Capital Days | 28 | 7 | 5 | 6 | 17 | 41 | 32 |
| ROCE % | 30% | 14% | 28% | 12% | 8% | 14% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Gujarat Revenue Share % of revenue from operations |
|
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| Packaging Industry Revenue Share % of revenue from operations |
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| Polyethylene Revenue Share % of revenue from operations |
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| Sales Volume (Polymers Supplied) metric tons |
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| Top 1 Supplier (Borouge) Purchase Share % of total purchases |
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| Top 10 Customer Revenue Share % of revenue from operations |
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| Average Selling Price per Metric Ton INR per metric ton |
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| Warehouses and Depots count |
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Documents
Announcements
-
Intimation Regarding Rectification Of Inadvertent Error In Note No. 3.3 And 3.4 Of The Audited Financial Statements For The Financial Year Ended 31.03.2026.
- Bhavik Enterprises corrects FY26 audited statements for promoter shareholding after 10,00,000-share OFS.
- Unaudited Financial Results For The Half Year Ended 30.09.2026
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 30.10.2026
- Bhavik Enterprises approved H1 FY26 results and corrected promoter shareholding after 10 lakh OFS shares.
-
Board Meeting Intimation for The Meeting Of The Board Of The Company Will Be Held On Friday, October 30Th, 2026 At 5:00 P.M. At Registered Office Of The Company.
- Board meeting on October 30, 2026 to approve unaudited results for half year ended September 30, 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- We submit herewith the Compliance Certificate received from Bigshare Services Pvt. Ltd., RTA for the Quarter ended 30.09.2026 pursuant to the Regulation 74(5) of 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.