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 ₹ 2,230 Cr.
- Current Price ₹ 89.4
- High / Low ₹ 118 / 63.7
- Stock P/E 14.6
- Book Value ₹ 35.9
- Dividend Yield 3.36 %
- ROCE 19.2 %
- ROE 13.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.36%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
- Company has been maintaining a healthy dividend payout of 75.1%
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
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
601 | 531 | 626 | 1,032 | 1,225 | 1,104 | 1,292 | 1,394 | 1,363 | 1,228 | |
576 | 494 | 563 | 877 | 1,146 | 1,018 | 845 | 931 | 1,186 | 1,045 | |
Operating Profit | 25 | 37 | 63 | 154 | 79 | 86 | 447 | 463 | 177 | 183 |
OPM % | 4% | 7% | 10% | 15% | 6% | 8% | 35% | 33% | 13% | 15% |
2 | 3 | 8 | 14 | 8 | 6 | 11 | 20 | 30 | 40 | |
Interest | 14 | 11 | 10 | 8 | 1 | 0 | 1 | 0 | 1 | 0 |
Depreciation | 5 | 6 | 5 | 6 | 7 | 10 | 10 | 10 | 10 | 10 |
Profit before tax | 8 | 23 | 57 | 155 | 78 | 83 | 446 | 473 | 196 | 213 |
Tax % | 40% | 29% | 37% | 35% | 40% | 19% | 25% | 26% | 30% | |
5 | 16 | 35 | 100 | 47 | 67 | 334 | 350 | 137 | 153 | |
EPS in Rs | 0.20 | 0.65 | 1.42 | 4.02 | 1.90 | 2.69 | 13.42 | 14.06 | 5.49 | 6.16 |
Dividend Payout % | 34% | 10% | 9% | 5% | 18% | 12% | 5% | 14% | 206% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 7% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 27% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 13% |
3 Years: | -2% |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 35% |
Last Year: | 13% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 25 |
Reserves | 168 | 110 | 145 | 241 | 282 | 340 | 665 | 965 | 1,051 | 868 |
42 | 32 | 137 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
169 | 191 | 121 | 166 | 230 | 297 | 96 | 127 | 99 | 183 | |
Total Liabilities | 396 | 349 | 420 | 423 | 529 | 653 | 777 | 1,108 | 1,167 | 1,076 |
122 | 82 | 93 | 107 | 144 | 150 | 141 | 145 | 140 | 136 | |
CWIP | 0 | 0 | 0 | 6 | 0 | 2 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 3 | 3 |
274 | 267 | 326 | 309 | 384 | 500 | 634 | 962 | 1,024 | 937 | |
Total Assets | 396 | 349 | 420 | 423 | 529 | 653 | 777 | 1,108 | 1,167 | 1,076 |
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 | |
---|---|---|---|---|---|---|---|---|---|
36 | 56 | 78 | 192 | 53 | 88 | 103 | 298 | 140 | |
-6 | -35 | -12 | -16 | -55 | -43 | -21 | -300 | -15 | |
-33 | -23 | -65 | -149 | -7 | -10 | -9 | -50 | -50 | |
Net Cash Flow | -3 | -2 | 2 | 27 | -8 | 35 | 74 | -52 | 75 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 89 | 91 | 80 | 66 | 67 | 51 | 82 | 74 | 64 |
Inventory Days | 54 | 74 | 94 | 39 | 36 | 85 | 60 | 96 | 63 |
Days Payable | 116 | 158 | 67 | 62 | 70 | 111 | 19 | 34 | 23 |
Cash Conversion Cycle | 27 | 6 | 107 | 43 | 33 | 25 | 123 | 136 | 104 |
Working Capital Days | 54 | 43 | 114 | 44 | 45 | 44 | 107 | 157 | 136 |
ROCE % | 18% | 29% | 58% | 28% | 25% | 86% | 57% | 19% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Feb
- Appointment Of Mr. Kenji Asakawa As The Additional Director (Designated As Executive Director - Projects) W.E.F 27Th January, 2024. 27 Jan
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Announcement under Regulation 30 (LODR)-Change in Management
27 Jan - Held today approved the appointment of : a. Mr. Kenji Asakawa as the Additional Director (designated as Executive Director - Projects) w.e.f 27th January, 2024. …
- Record Date For 3Rd Interim Dividend For 2023-24 Is 7Th February, 2024. 27 Jan
Annual reports
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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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Financial Year 2010
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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]