Bhansali Engineering Polymers Ltd

₹ 111 -5.61%

21 Oct - 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

Company Overview:^[1]
The company is a manufacturer of Acrylonitrile Butadiene Styrene (ABS) resins and has a diversified portfolio of high-performance engineering polymers. It supplies 80+ variants of ABS and specialty polymers.

Website BSE NSE

Market Cap ₹ 2,757 Cr.
Current Price ₹ 111
High / Low ₹ 138 / 74.2
Stock P/E 12.4
Book Value ₹ 46.7
Dividend Yield 3.61 %
ROCE 23.8 %
ROE 17.3 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 55.4%

Cons

The company has delivered a poor sales growth of -0.25% 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 Petrochemicals

Part of BSE Commodities BSE 1000

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	314	292	321	340	367	346	345	308	325	301	342	472	403
	257	245	270	278	314	294	297	255	276	251	278	390	324
Operating Profit	58	47	51	62	53	52	48	53	49	51	64	83	79
OPM %	18%	16%	16%	18%	14%	15%	14%	17%	15%	17%	19%	17%	20%
	10	10	8	12	11	7	8	12	8	10	10	10	10
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Profit before tax	65	54	57	71	62	57	54	62	55	58	72	91	87
Tax %	25%	26%	29%	25%	25%	28%	27%	26%	26%	28%	29%	28%	28%
	48	40	40	53	46	41	40	46	40	42	52	66	62
EPS in Rs	1.94	1.62	1.62	2.14	1.86	1.64	1.59	1.84	1.63	1.70	2.07	2.64	2.51
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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	Mar 2026	TTM
	601	531	626	1,032	1,225	1,104	1,292	1,394	1,363	1,222	1,398	1,276	1,519
	576	494	563	877	1,146	1,018	845	931	1,186	1,010	1,183	1,060	1,243
Operating Profit	25	37	63	154	79	86	447	463	177	212	215	216	276
OPM %	4.1%	7%	10%	15%	6%	8%	35%	33%	13%	17%	15%	17%	18%
	2	3	8	14	8	6	11	20	30	40	38	40	40
Interest	14	11	10	8	1	0	1	0	1	0	0	0	0
Depreciation	5	6	5	6	7	10	10	10	10	10	9	8	8
Profit before tax	8	23	57	155	78	83	446	473	196	242	244	247	308
Tax %	40%	29%	37%	35%	40%	19%	25%	26%	30%	26%	26%	27%
	5	16	35	100	47	67	334	350	137	179	180	180	222
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	7.24	8.92
Dividend Payout %	34%	10%	9%	5%	18%	12%	5%	14%	206%	56%	55%	55%

Compounded Sales Growth
10 Years:	9%
5 Years:	0%
3 Years:	-2%
TTM:	15%

Compounded Profit Growth
10 Years:	27%
5 Years:	-12%
3 Years:	10%
TTM:	33%

Stock Price CAGR
10 Years:	21%
5 Years:	-2%
3 Years:	6%
1 Year:	11%

Return on Equity
10 Years:	25%
5 Years:	21%
3 Years:	18%
Last Year:	17%

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	Mar 2026	Sep 2026
Equity Capital	17	17	17	17	17	17	17	17	17	25	25	25	25
Reserves	168	110	145	241	282	340	665	965	1,051	898	977	1,058	1,136
	42	32	137	0	0	0	0	0	0	0	0	0	0
	169	191	121	166	230	297	96	127	99	133	102	202	124
Total Liabilities	396	349	420	423	529	653	777	1,108	1,167	1,056	1,104	1,285	1,285
	122	82	93	107	144	150	141	145	140	133	137	133	135
CWIP	0	0	0	6	0	2	0	0	0	19	11	31	45
Investments	0	0	0	1	1	2	2	2	3	3	3	2	2
	274	267	326	309	384	500	634	962	1,024	902	953	1,119	1,103
Total Assets	396	349	420	423	529	653	777	1,108	1,167	1,056	1,104	1,285	1,285

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	Mar 2026
	36	56	78	192	53	88	103	298	140	231	109	168
	-6	-35	-12	-16	-55	-43	-21	-300	-15	44	235	-30
	-33	-23	-65	-149	-7	-10	-9	-50	-50	-324	-100	-100
Net Cash Flow	-3	-2	2	27	-8	35	74	-52	75	-49	244	39
Free Cash Flow	33	21	64	164	17	72	103	284	135	210	103	133
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	150%	161%	143%	152%	109%	127%	48%	91%	112%	138%	81%	109%

Ratios

Consolidated / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	89	91	80	66	67	51	82	74	64	69	67	73
Inventory Days	54	74	94	39	36	85	60	96	63	60	44	79
Days Payable	116	158	67	62	70	111	19	34	23	40	21	65
Cash Conversion Cycle	27	6	107	43	33	25	123	136	104	89	89	86
Working Capital Days	32	22	34	44	45	44	107	157	136	148	117	129
ROCE %		18%	29%	58%	28%	25%	86%	57%	19%	24%	25%	24%

Insights

In beta

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Mar 2022

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Installed Capacity
TPA ・Standalone data

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Permanent Employees
count ・Standalone data

Sales Volume
MT ・Standalone data

New Color Grades Commercialized
count ・Standalone data

New Product Grades Commercialized
count ・Standalone data

Production Volume
MT ・Standalone data

ABS Share of Revenue
% ・Standalone data

Capacity Utilization
% ・Standalone data

R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	57.48%	57.48%	57.48%	57.48%	57.48%	57.48%	57.48%	57.48%	57.48%	57.48%	57.48%	57.48%
	1.13%	1.12%	2.09%	1.66%	1.50%	1.53%	1.44%	1.42%	1.13%	1.36%	1.39%	1.71%
	0.05%	0.06%	0.07%	0.13%	0.10%	0.11%	0.13%	0.00%	0.00%	0.00%	0.00%	0.01%
	41.35%	41.35%	40.36%	40.75%	40.92%	40.90%	40.97%	41.10%	41.36%	41.16%	41.11%	40.78%
No. of Shareholders	1,15,630	1,22,680	1,08,352	1,26,905	1,23,006	1,21,805	1,19,830	1,17,420	1,16,273	1,13,545	1,11,850	1,15,544

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	55.69%	55.00%	55.00%	56.45%	56.45%	56.64%	56.71%	57.48%	57.48%	57.48%	57.48%
	0.00%	2.25%	2.75%	1.10%	0.95%	1.01%	0.93%	1.12%	1.53%	1.36%	1.71%
	0.75%	0.80%	1.69%	0.17%	0.02%	0.01%	0.00%	0.06%	0.11%	0.00%	0.01%
	43.56%	41.95%	40.56%	42.28%	42.58%	42.33%	42.38%	41.35%	40.90%	41.16%	40.78%
No. of Shareholders	27,195	55,607	59,704	53,494	55,773	1,09,484	1,05,938	1,22,680	1,21,805	1,13,545	1,15,544

* 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.

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Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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