Bhansali Engineering Polymers Ltd

About [ edit ]

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.#

Key Points [ edit ]
  • Market Cap 2,963 Cr.
  • Current Price 179
  • High / Low 197 / 36.2
  • Stock P/E 8.89
  • Book Value 41.0
  • Dividend Yield 0.56 %
  • ROCE 86.1 %
  • ROE 64.3 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 82.02% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.64%

Cons

  • Debtor days have increased from 66.55 to 82.14 days.

Peer comparison

Sector: Petrochemicals Industry: Petrochemicals

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
202 350 323 350 313 280 260 251 99 308 411 473
174 322 306 343 284 260 236 239 103 262 227 254
Operating Profit 28 28 17 7 29 20 25 13 -3 46 184 219
OPM % 14% 8% 5% 2% 9% 7% 9% 5% -3% 15% 45% 46%
Other Income 0 0 1 6 5 -0 1 0 5 2 2 2
Interest 0 0 1 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 3 3 3 3 3 2
Profit before tax 26 26 15 11 32 17 23 10 -1 45 183 219
Tax % 35% 35% 34% 73% 32% -17% 26% 25% -8% 22% 26% 25%
Net Profit 17 17 10 3 22 20 17 8 -1 35 136 163
EPS in Rs 1.01 1.02 0.60 0.17 1.32 1.22 1.02 0.47 -0.08 2.13 8.20 9.84

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
313 463 414 419 507 601 531 626 1,032 1,225 1,104 1,292
275 407 394 404 491 575 493 563 877 1,146 1,018 845
Operating Profit 37 56 20 15 16 25 37 64 154 79 86 447
OPM % 12% 12% 5% 4% 3% 4% 7% 10% 15% 6% 8% 35%
Other Income 2 4 1 1 1 2 3 8 14 7 6 10
Interest 15 14 13 11 10 14 11 10 8 1 0 1
Depreciation 6 6 6 4 4 5 6 5 6 7 10 10
Profit before tax 19 39 2 0 3 9 23 57 154 77 83 446
Tax % 45% 15% 39% -441% 47% 38% 29% 37% 35% 40% 19% 25%
Net Profit 11 33 1 1 1 5 17 36 100 47 67 333
EPS in Rs 0.63 2.01 0.07 0.07 0.09 0.33 1.01 2.15 6.01 2.80 4.03 20.10
Dividend Payout % 0% 5% 152% 139% 112% 31% 10% 9% 5% 18% 12% 5%
Compounded Sales Growth
10 Years:11%
5 Years:19%
3 Years:8%
TTM:17%
Compounded Profit Growth
10 Years:26%
5 Years:82%
3 Years:50%
TTM:405%
Stock Price CAGR
10 Years:20%
5 Years:56%
3 Years:5%
1 Year:311%
Return on Equity
10 Years:25%
5 Years:39%
3 Years:40%
Last Year:64%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
17 17 17 17 17 17 17 17 17 17 17 17
Reserves 183 205 194 184 174 169 111 146 242 282 340 664
Borrowings 60 56 56 30 59 42 32 137 0 0 0 0
145 148 123 143 129 169 191 121 166 230 297 96
Total Liabilities 405 425 390 374 379 396 350 421 424 529 653 777
168 166 156 143 133 122 82 93 107 144 150 141
CWIP 11 0 0 0 0 0 0 0 6 0 2 0
Investments 0 0 0 0 0 1 2 2 2 2 2 2
226 260 234 231 246 273 267 326 309 384 500 634
Total Assets 405 425 390 374 379 396 350 421 424 529 653 777

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
51 26 14 42 -11 36 56 78 192 53 88 88
-3 -2 -3 -1 -5 -6 -35 -12 -16 -55 -43 -5
-46 -18 -15 -39 17 -33 -23 -65 -149 -7 -10 -9
Net Cash Flow 2 5 -4 2 1 -3 -2 2 27 -8 35 74

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 12% 20% 6% 5% 5% 9% 18% 29% 58% 28% 25% 86%
Debtor Days 186 147 138 112 78 89 91 80 66 67 51 82
Inventory Turnover 9.60 9.29 8.83 7.34 5.94 6.37 5.48 5.11 7.09 11.62 6.01 4.44

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
55.00 55.00 55.00 55.00 55.00 55.00 55.00 56.45 56.45 56.45 56.45 56.45
2.68 2.49 2.92 2.75 2.70 2.41 1.76 1.10 0.71 0.43 0.90 0.95
1.57 1.71 1.68 1.69 0.58 0.29 0.44 0.17 0.17 0.02 0.16 0.02
40.75 40.80 40.40 40.56 41.72 42.30 42.80 42.28 42.67 43.10 42.48 42.58

Documents