Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Ltd

₹ 99.0 0.15%
23 Feb - close price
About

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]

Key Points

Revenue Breakup
The company deals with single business segment viz. ABS and SAN polymers with trading in styrene.[1]

Acrylonitrile Butadiene Styrene (ABS) - 71%
Other than plastic granules (ABS/SAN) - 29%[2]

  • Market Cap 2,464 Cr.
  • Current Price 99.0
  • High / Low 118 / 58.0
  • Stock P/E 16.2
  • Book Value 35.8
  • Dividend Yield 3.03 %
  • ROCE 19.1 %
  • ROE 13.3 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.03%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.5%
  • Company has been maintaining a healthy dividend payout of 75.6%

Cons

  • The company has delivered a poor sales growth of 5.72% 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

Sector: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
411 473 232 375 342 446 337 358 339 328 294 314 292
227 254 131 211 244 345 277 305 298 306 238 257 245
Operating Profit 184 219 101 164 98 101 60 53 41 22 57 58 47
OPM % 45% 46% 43% 44% 29% 23% 18% 15% 12% 7% 19% 18% 16%
2 2 5 3 6 4 7 7 7 8 13 9 10
Interest 0 0 0 0 0 0 0 1 0 0 0 0 0
Depreciation 3 2 2 3 2 2 2 3 3 2 2 2 2
Profit before tax 183 219 103 165 101 103 65 57 46 27 67 64 54
Tax % 26% 25% 25% 25% 25% 29% 26% 28% 27% 49% 24% 26% 26%
136 163 77 124 76 73 48 41 33 14 50 48 40
EPS in Rs 5.47 6.56 3.10 4.96 3.04 2.94 1.91 1.65 1.34 0.57 2.02 1.93 1.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
414 419 507 601 531 626 1,032 1,225 1,104 1,292 1,394 1,363 1,228
394 404 491 575 493 562 877 1,146 1,018 845 931 1,186 1,045
Operating Profit 20 15 16 25 37 64 154 79 86 447 463 177 183
OPM % 5% 4% 3% 4% 7% 10% 15% 6% 8% 35% 33% 13% 15%
1 1 1 2 3 8 14 7 6 10 19 29 39
Interest 13 11 10 14 11 10 8 1 0 1 0 1 0
Depreciation 6 4 4 5 6 5 6 7 10 10 10 10 10
Profit before tax 2 0 3 9 23 57 154 77 83 446 472 195 212
Tax % 39% -441% 47% 38% 29% 37% 35% 40% 19% 25% 26% 30%
1 1 1 5 17 36 100 47 67 333 349 136 152
EPS in Rs 0.04 0.05 0.06 0.22 0.67 1.43 4.00 1.87 2.68 13.40 14.04 5.46 6.13
Dividend Payout % 152% 139% 112% 31% 10% 9% 5% 18% 12% 5% 14% 207%
Compounded Sales Growth
10 Years: 13%
5 Years: 6%
3 Years: 7%
TTM: -17%
Compounded Profit Growth
10 Years: 61%
5 Years: 6%
3 Years: 27%
TTM: -22%
Stock Price CAGR
10 Years: 29%
5 Years: 20%
3 Years: 1%
1 Year: 41%
Return on Equity
10 Years: 28%
5 Years: 31%
3 Years: 35%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17 25
Reserves 194 184 174 169 111 146 242 282 340 664 964 1,050 866
56 30 59 42 32 137 0 0 0 0 0 0 0
123 143 129 169 191 121 166 230 297 96 127 99 183
Total Liabilities 390 374 379 396 350 421 424 529 653 777 1,107 1,165 1,073
156 143 133 122 82 93 107 144 150 141 145 140 136
CWIP 0 0 0 0 0 0 6 0 2 0 0 0 0
Investments 0 0 0 1 2 2 2 2 2 2 1 1 1
234 231 246 273 267 326 309 384 500 634 962 1,024 937
Total Assets 390 374 379 396 350 421 424 529 653 777 1,107 1,165 1,073

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 42 -11 36 56 78 192 53 88 103 298 140
-3 -1 -5 -6 -35 -12 -16 -55 -43 -21 -300 -15
-15 -39 17 -33 -23 -65 -149 -7 -10 -9 -50 -50
Net Cash Flow -4 2 1 -3 -2 2 27 -8 35 74 -52 75

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 138 112 78 89 91 80 66 67 51 82 74 64
Inventory Days 42 64 77 54 74 94 39 36 85 60 96 63
Days Payable 122 141 103 116 158 67 62 70 111 19 34 23
Cash Conversion Cycle 58 35 52 27 6 107 43 33 25 123 136 104
Working Capital Days 92 67 73 54 43 114 44 45 44 107 157 136
ROCE % 6% 5% 5% 9% 18% 29% 58% 28% 25% 86% 57% 19%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.45% 56.45% 56.45% 56.45% 56.64% 56.64% 56.65% 56.65% 56.71% 57.48% 57.48% 57.48%
0.95% 2.55% 1.88% 1.54% 1.01% 0.89% 0.82% 0.85% 0.93% 1.03% 0.95% 1.13%
0.02% 0.02% 0.02% 0.02% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.04% 0.05%
42.58% 40.98% 41.65% 41.99% 42.33% 42.44% 42.54% 42.50% 42.38% 41.51% 41.54% 41.35%
No. of Shareholders 55,77381,12690,8801,02,3851,09,4841,11,9081,10,1621,07,7361,05,9381,07,5251,13,6411,15,630

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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