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 ₹ 314 Cr.
- Current Price ₹ 154
- High / Low ₹ 175 / 121
- Stock P/E 23.2
- Book Value ₹ 81.4
- 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 8.60% 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 283 | 292 | 325 | 561 | 494 | 527 | 628 | |
| 278 | 280 | 319 | 544 | 489 | 523 | 611 | |
| Operating Profit | 5 | 12 | 6 | 17 | 5 | 4 | 17 |
| OPM % | 1.9% | 4.1% | 1.7% | 3.1% | 1.0% | 0.8% | 2.7% |
| 2 | 5 | 4 | 4 | 6 | 4 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 17 | 9 | 21 | 11 | 8 | 18 |
| Tax % | 28% | 27% | 26% | 26% | 26% | 26% | 26% |
| 5 | 12 | 7 | 15 | 8 | 6 | 14 | |
| EPS in Rs | 9.00 | 23.25 | 12.66 | 29.10 | 14.93 | 3.58 | 6.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 4% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -4% |
| TTM: | 139% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 16 | 20 |
| Reserves | 45 | 57 | 64 | 79 | 87 | 82 | 145 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 35 | 52 | 57 | 77 | 44 | 75 | 68 | |
| Total Liabilities | 85 | 114 | 126 | 161 | 137 | 173 | 234 |
| 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 | 225 | |
| Total Assets | 85 | 114 | 126 | 161 | 137 | 173 | 234 |
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 | -37 | 15 |
| CFO/OP | 154% | 257% | 52% | 111% | -20% | -786% | 130% |
Ratios
Figures in Rs. Crores
| 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 |
|
||
| Packaging Industry Revenue Share % of revenue from operations |
|||
| Polyethylene Revenue Share % of revenue from operations |
|||
| Sales Volume (Polymers Supplied) metric tons |
|||
| Top 1 Supplier (Borouge) Purchase Share % of total purchases |
|||
| Top 10 Customer Revenue Share % of revenue from operations |
|||
| Average Selling Price per Metric Ton INR per metric ton |
|||
| Warehouses and Depots count |
|||
Extracted by Screener AI
Documents
Announcements
-
Board Meeting Intimation for Meeting Of The Board Of The Company To Be Held On 4Th August, 2026.
29 Jul - Board meeting on 4 August 2026 to revise directors’ remuneration and approve AGM matters.
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
23 Jul - Board recommended JPS & Associates as Secretarial Auditors for FY27-FY31, subject to AGM approval.
-
Board Meeting Outcome for Outcome Of Board Meeting
23 Jul - Board approved FY26 secretarial audit and board report; recommended JPS & Associates as secretarial auditors for FY27-FY31.
-
Board Meeting Intimation for Meeting Of The Board Of The Company To Be Held On Thursday, 23.07.2026
17 Jul - Board meeting on July 23, 2026 to approve Board’s Report, AGM notice, and appoint secretarial auditors.
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
16 Jul - Bhavik Enterprises won Corporate Excellence Award at APEA-2026 on July 15, 2026, in Kuala Lumpur.
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.