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 ₹ 322 Cr.
- Current Price ₹ 158
- High / Low ₹ 175 / 121
- Stock P/E 94.9
- 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 |
| Free Cash Flow | 5 | 26 | 0 | 10 | -3 | -37 |
| CFO/OP | 154% | 257% | 52% | 111% | -20% | -786% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Selling Price per MT INR |
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| Employee Attrition Rate % |
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| Top 10 Customers Revenue Contribution % |
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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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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
1h - 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
1h - Monitoring Agency Report for quarter ended 31 March 2026 shows no deviation in IPO proceeds utilisation.
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Statement Of Deviation And Variation For Proceeds Of Public Issue For The Quarter Ended March 31St, 2026
1h - No deviation in IPO proceeds usage; Rs. 5,460.18 lakh fully utilised by 31 March 2026.
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Non-Applicability Of Annual Secretarial Compliance Report Under Regulation 24A Of SEBI (LODR) Regulations, 2015 For The Year Ended 31-03-2026.
29 Apr - Bhavik Enterprises says Annual Secretarial Compliance Report is not applicable for FY ended March 31, 2026.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Bhavik Enterprises says it is not a large corporate; outstanding borrowing was nil on 31 March 2026.
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.