Bhansali Engineering Polymers Ltd
Bhansali Engineering Polymers Ltd is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market.
Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.[1]
- Market Cap ₹ 2,460 Cr.
- Current Price ₹ 98.9
- High / Low ₹ 158 / 90.0
- Stock P/E 14.2
- Book Value ₹ 40.2
- Dividend Yield 4.05 %
- ROCE 25.4 %
- ROE 18.7 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 16.6%
- Company has been maintaining a healthy dividend payout of 106%
Cons
- The company has delivered a poor sales growth of 4.83% over past five 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 Specialty Chemicals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 507 | 601 | 531 | 626 | 1,032 | 1,225 | 1,104 | 1,292 | 1,394 | 1,363 | 1,222 | 1,398 | 1,366 | |
| 491 | 575 | 493 | 562 | 877 | 1,146 | 1,018 | 845 | 931 | 1,186 | 1,010 | 1,183 | 1,160 | |
| Operating Profit | 16 | 25 | 37 | 64 | 154 | 79 | 86 | 447 | 463 | 177 | 212 | 215 | 205 |
| OPM % | 3% | 4% | 7% | 10% | 15% | 6% | 8% | 35% | 33% | 13% | 17% | 15% | 15% |
| 1 | 2 | 3 | 8 | 14 | 7 | 6 | 10 | 19 | 29 | 41 | 38 | 39 | |
| Interest | 10 | 14 | 11 | 10 | 8 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 4 | 5 | 6 | 5 | 6 | 7 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Profit before tax | 3 | 9 | 23 | 57 | 154 | 77 | 83 | 446 | 472 | 195 | 243 | 244 | 235 |
| Tax % | 47% | 38% | 29% | 37% | 35% | 40% | 19% | 25% | 26% | 30% | 26% | 26% | |
| 1 | 5 | 17 | 36 | 100 | 47 | 67 | 333 | 349 | 136 | 180 | 180 | 173 | |
| EPS in Rs | 0.06 | 0.22 | 0.67 | 1.43 | 4.00 | 1.87 | 2.68 | 13.40 | 14.04 | 5.46 | 7.22 | 7.23 | 6.98 |
| Dividend Payout % | 112% | 31% | 10% | 9% | 5% | 18% | 12% | 5% | 14% | 207% | 55% | 55% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 5% |
| 3 Years: | 0% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 22% |
| 3 Years: | -20% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 13% |
| 3 Years: | 11% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 27% |
| 3 Years: | 17% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 25 | 25 |
| Reserves | 174 | 169 | 111 | 146 | 242 | 282 | 340 | 664 | 964 | 1,050 | 896 | 976 |
| 59 | 42 | 32 | 137 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |
| 129 | 169 | 191 | 121 | 166 | 230 | 297 | 96 | 127 | 99 | 133 | 102 | |
| Total Liabilities | 379 | 396 | 350 | 421 | 424 | 529 | 653 | 777 | 1,107 | 1,165 | 1,054 | 1,102 |
| 133 | 122 | 82 | 93 | 107 | 144 | 150 | 141 | 145 | 140 | 133 | 137 | |
| CWIP | -0 | -0 | -0 | -0 | 6 | -0 | 2 | -0 | -0 | 0 | 19 | 11 |
| Investments | -0 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| 246 | 273 | 267 | 326 | 309 | 384 | 500 | 634 | 962 | 1,024 | 902 | 953 | |
| Total Assets | 379 | 396 | 350 | 421 | 424 | 529 | 653 | 777 | 1,107 | 1,165 | 1,054 | 1,102 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -11 | 36 | 56 | 78 | 192 | 53 | 88 | 103 | 298 | 140 | 230 | 108 | |
| -5 | -6 | -35 | -12 | -16 | -55 | -43 | -21 | -300 | -15 | 45 | 236 | |
| 17 | -33 | -23 | -65 | -149 | -7 | -10 | -9 | -50 | -50 | -324 | -100 | |
| Net Cash Flow | 1 | -3 | -2 | 2 | 27 | -8 | 35 | 74 | -52 | 75 | -49 | 244 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 89 | 91 | 80 | 66 | 67 | 51 | 82 | 74 | 64 | 69 | 67 |
| Inventory Days | 77 | 54 | 74 | 94 | 39 | 36 | 85 | 60 | 96 | 63 | 60 | 44 |
| Days Payable | 103 | 116 | 158 | 67 | 62 | 70 | 111 | 19 | 34 | 23 | 40 | 21 |
| Cash Conversion Cycle | 52 | 27 | 6 | 107 | 43 | 33 | 25 | 123 | 136 | 104 | 89 | 89 |
| Working Capital Days | 34 | 32 | 22 | 34 | 44 | 45 | 44 | 107 | 157 | 136 | 148 | 117 |
| ROCE % | 5% | 9% | 18% | 29% | 58% | 28% | 25% | 86% | 57% | 19% | 24% | 25% |
Documents
Announcements
- Corporate Action-Board to consider Dividend 14 Oct
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Board Meeting Intimation for Thursday, 30Th October, 2025.
14 Oct - Board meeting on 30 Oct 2025 to approve Q2/H1 results ended 30 Sep 2025; possible 2nd interim dividend.
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Closure of Trading Window
30 Sep - Trading window closed Oct 15, 2025 until 48 hours after unaudited Q2/H1 Sept 30, 2025 results.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
23 Sep - All AGM resolutions passed; final dividend Re.1/share; Jayesh Bhansali reappointed JMD‑CFO Apr 1, 2026–Mar 31, 2031.
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Insights Shared By The Chairman And Managing Director During The Q&A Sessions At The 41St AGM Of The Company.
23 Sep - Capacity boost 75,000→100,000 TPA; previously 200,000 plan entailed Rs1,700 crore; benefits from FY2027-28.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Business Overview
Company manufactures ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) resins. ABS is used to make light, rigid, molded products such as pipe, automotive body parts, wheel covers, enclosures, and protective headgear. SAN is a plastic copolymer with thermal resistant and chemical resistant nature and its uses including housewares and consumer goods, various compounded products, packaging, appliances (electrical and electronic). [1]