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 ₹ 2,638 Cr.
- Current Price ₹ 106
- High / Low ₹ 177 / 90.0
- Stock P/E 15.3
- Book Value ₹ 40.3
- Dividend Yield 3.77 %
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
601 | 531 | 626 | 1,032 | 1,225 | 1,104 | 1,292 | 1,394 | 1,363 | 1,222 | 1,398 | 1,366 | |
576 | 494 | 563 | 877 | 1,146 | 1,018 | 845 | 931 | 1,186 | 1,010 | 1,183 | 1,160 | |
Operating Profit | 25 | 37 | 63 | 154 | 79 | 86 | 447 | 463 | 177 | 212 | 214 | 205 |
OPM % | 4% | 7% | 10% | 15% | 6% | 8% | 35% | 33% | 13% | 17% | 15% | 15% |
2 | 3 | 8 | 14 | 8 | 6 | 11 | 20 | 30 | 40 | 38 | 38 | |
Interest | 14 | 11 | 10 | 8 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
Depreciation | 5 | 6 | 5 | 6 | 7 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
Profit before tax | 8 | 23 | 57 | 155 | 78 | 83 | 446 | 473 | 196 | 242 | 244 | 235 |
Tax % | 40% | 29% | 37% | 35% | 40% | 19% | 25% | 26% | 30% | 26% | 26% | |
5 | 16 | 35 | 100 | 47 | 67 | 334 | 350 | 137 | 179 | 180 | 173 | |
EPS in Rs | 0.20 | 0.65 | 1.42 | 4.02 | 1.90 | 2.69 | 13.42 | 14.06 | 5.49 | 7.21 | 7.23 | 6.93 |
Dividend Payout % | 34% | 10% | 9% | 5% | 18% | 12% | 5% | 14% | 206% | 56% | 55% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 5% |
3 Years: | 0% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 43% |
5 Years: | 22% |
3 Years: | -20% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 28% |
3 Years: | 12% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | 27% |
5 Years: | 27% |
3 Years: | 17% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 25 | 25 |
Reserves | 168 | 110 | 145 | 241 | 282 | 340 | 665 | 965 | 1,051 | 898 | 977 |
42 | 32 | 137 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
169 | 191 | 121 | 166 | 230 | 297 | 96 | 127 | 99 | 133 | 102 | |
Total Liabilities | 396 | 349 | 420 | 423 | 529 | 653 | 777 | 1,108 | 1,167 | 1,056 | 1,104 |
122 | 82 | 93 | 107 | 144 | 150 | 141 | 145 | 140 | 133 | 137 | |
CWIP | 0 | 0 | 0 | 6 | 0 | 2 | 0 | 0 | 0 | 19 | 11 |
Investments | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 |
274 | 267 | 326 | 309 | 384 | 500 | 634 | 962 | 1,024 | 902 | 953 | |
Total Assets | 396 | 349 | 420 | 423 | 529 | 653 | 777 | 1,108 | 1,167 | 1,056 | 1,104 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
36 | 56 | 78 | 192 | 53 | 88 | 103 | 298 | 140 | 230 | 109 | |
-6 | -35 | -12 | -16 | -55 | -43 | -21 | -300 | -15 | 45 | 235 | |
-33 | -23 | -65 | -149 | -7 | -10 | -9 | -50 | -50 | -324 | -100 | |
Net Cash Flow | -3 | -2 | 2 | 27 | -8 | 35 | 74 | -52 | 75 | -49 | 244 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 89 | 91 | 80 | 66 | 67 | 51 | 82 | 74 | 64 | 69 | 67 |
Inventory Days | 54 | 74 | 94 | 39 | 36 | 85 | 60 | 96 | 63 | 60 | 44 |
Days Payable | 116 | 158 | 67 | 62 | 70 | 111 | 19 | 34 | 23 | 40 | 21 |
Cash Conversion Cycle | 27 | 6 | 107 | 43 | 33 | 25 | 123 | 136 | 104 | 89 | 89 |
Working Capital Days | 32 | 22 | 34 | 44 | 45 | 44 | 107 | 157 | 136 | 148 | 117 |
ROCE % | 18% | 29% | 58% | 28% | 25% | 86% | 57% | 19% | 24% | 25% |
Documents
Announcements
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41St Annual General Meeting Is Scheduled On Saturday 20Th September, 2025 At 11:00 Am At Walchand Hirachand Hall, 4Th Floor, Indian Merchant Chambers, Veer Nariman Road, Churchgate, Mumbai-400020.
2d - Q1 results approved; interim dividend Re.1/share; Rs.200 Cr capex to boost ABS capacity by 33%.
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Announcement under Regulation 30 (LODR)-Date of payment of Dividend
2d - Q1 results approved; interim dividend Re.1/share; Rs.200 Cr capex to boost ABS capacity to 100,000 TPA by Sept 2026.
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Record Date For Final Dividend 2024-25 Is 12Th September, 2025
2d - Q1 FY26 results approved; interim dividend Re.1/share; Rs.200 Cr ABS capacity expansion approved.
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Closure Of Register Of Members And Share Transfer Books Of The Company From 13Th September, 2025 To 20Th September, 2025 (Both Days Inclusive)
2d - Q1 FY26 results approved; interim dividend Re.1/share; Rs.200 Cr ABS capacity expansion approved.
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Announcement under Regulation 30 (LODR)-Dividend Updates
2d - Q1 FY26 results approved; Rs.200 Cr ABS capacity expansion; Interim dividend Re.1/share declared.
Annual reports
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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
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Financial Year 2011
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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]