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 ₹ 334 Cr.
- Current Price ₹ 164
- High / Low ₹ 175 / 121
- Stock P/E 24.6
- 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 % | 2% | 4% | 2% | 3% | 1% | 1% | 3% |
| 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 | |
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| Average Selling Price per MT INR |
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| Employee Attrition Rate % |
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| Total Permanent Employees Count |
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| Traded Volume Metric Tons (MT) |
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| Number of Depots Count |
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| Number of Warehouses Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
26 May - Board approved internal auditor appointment for FY2026-27 and recommended Jeny Gowadia’s five-year independent director reappointment.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 26.05.2026
26 May - Bhavik Enterprises reports no deviation in IPO proceeds use for quarter ended 31 March 2026; Rs. 5,460.18 lakh utilised.
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Board Meeting Intimation for Prior Intimation Of The Board Meeting Pursuant To Regulation 29 Of SEBI (LODR) Regulation, 2015
20 May - Board to meet on 26 May 2026 to approve audited results, internal auditor, director reappointment and RPTs.
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Certificate Of The Statutory Auditor Of The Company For Use Of Proceeds Of IPO As Working Capital Pursuant To Regulation 262(6) Of The SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018
13 May - Auditor certifies ₹5,460.18 lakh IPO funds fully utilised by March 31, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 May - Monitoring Agency Report for quarter ended 31 March 2026 shows no deviation in IPO proceeds utilisation.
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.