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 ₹ 2,392 Cr.
- Current Price ₹ 96.1
- High / Low ₹ 124 / 74.2
- Stock P/E 13.3
- Book Value ₹ 43.5
- Dividend Yield 4.16 %
- ROCE 23.8 %
- ROE 17.3 %
- Face Value ₹ 1.00
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 Specialty Chemicals
Part of BSE Commodities BSE 1000
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 601 | 531 | 626 | 1,032 | 1,225 | 1,104 | 1,292 | 1,394 | 1,363 | 1,222 | 1,398 | 1,276 | |
| 576 | 494 | 563 | 877 | 1,146 | 1,018 | 845 | 931 | 1,186 | 1,010 | 1,183 | 1,060 | |
| Operating Profit | 25 | 37 | 63 | 154 | 79 | 86 | 447 | 463 | 177 | 212 | 215 | 216 |
| OPM % | 4% | 7% | 10% | 15% | 6% | 8% | 35% | 33% | 13% | 17% | 15% | 17% |
| 2 | 3 | 8 | 14 | 8 | 6 | 11 | 20 | 30 | 40 | 38 | 40 | |
| 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 | 8 |
| Profit before tax | 8 | 23 | 57 | 155 | 78 | 83 | 446 | 473 | 196 | 242 | 244 | 247 |
| 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 | |
| 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 |
| 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: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | -12% |
| 3 Years: | 10% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | -2% |
| 3 Years: | 12% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 25 | 25 | 25 |
| Reserves | 168 | 110 | 145 | 241 | 282 | 340 | 665 | 965 | 1,051 | 898 | 977 | 1,058 |
| 42 | 32 | 137 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 169 | 191 | 121 | 166 | 230 | 297 | 96 | 127 | 99 | 133 | 102 | 202 | |
| Total Liabilities | 396 | 349 | 420 | 423 | 529 | 653 | 777 | 1,108 | 1,167 | 1,056 | 1,104 | 1,285 |
| 122 | 82 | 93 | 107 | 144 | 150 | 141 | 145 | 140 | 133 | 137 | 133 | |
| CWIP | 0 | 0 | 0 | 6 | 0 | 2 | 0 | 0 | 0 | 19 | 11 | 31 |
| Investments | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 2 |
| 274 | 267 | 326 | 309 | 384 | 500 | 634 | 962 | 1,024 | 902 | 953 | 1,119 | |
| Total Assets | 396 | 349 | 420 | 423 | 529 | 653 | 777 | 1,108 | 1,167 | 1,056 | 1,104 | 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/OP | 150% | 161% | 143% | 152% | 109% | 127% | 48% | 91% | 112% | 138% | 81% | 109% |
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 | 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| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Installed Production Capacity (ABS & SAN) TPA ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Record Date For Final Dividend 2025-26 Is 13Th July, 2026
28 Apr - Board fixed 13 July 2026 as record date for final dividend 2025-26.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - BEPL says it is not a Large Corporate; outstanding borrowing was NIL on 31 March 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Apr - Newspaper publication for the Quarter and year ended 31st March 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 25 Apr
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42Nd Annual General Meeting Is Scheduled On Tuesday, 21St July, 2026 At 11:30 AM Walchand Hirachand Hall, 4Th Floor, Indian Merchant Chambers, Veer Nariman Road, Churchgate, Mumbai - 400020
24 Apr - Board approved FY26 audited results, Re.1 final dividend, reappointed WTD, and targets 100,000 TPA capacity by September 2026.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Apr 2026TranscriptAI SummaryPPT
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]