BEW Engineering Ltd
Incorporated in 2011, BEW Engineering Ltd designs and manufactures special range of filtration mixing and drying equipments[1]
- Market Cap ₹ 160 Cr.
- Current Price ₹ 122
- High / Low ₹ 295 / 110
- Stock P/E 12.9
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 11.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.11 times its book value
- Company has delivered good profit growth of 79.3% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 64.1 to 110 days.
- Promoter holding has decreased over last 3 years: -12.7%
- Working capital days have increased from 170 days to 270 days
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 52 | 51 | 59 | 59 | 99 | 106 | 121 | 134 | 170 | |
| 48 | 46 | 55 | 51 | 88 | 91 | 97 | 114 | 149 | |
| Operating Profit | 4 | 5 | 4 | 8 | 11 | 15 | 24 | 20 | 21 |
| OPM % | 7% | 9% | 7% | 14% | 11% | 14% | 20% | 15% | 13% |
| 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | |
| Interest | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 4 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 4 | 8 | 10 | 18 | 16 | 16 |
| Tax % | 27% | 18% | 27% | 40% | 28% | 25% | 25% | 24% | |
| 1 | 1 | 1 | 2 | 6 | 7 | 14 | 12 | 12 | |
| EPS in Rs | 1.28 | 1.20 | 1.12 | 3.09 | 5.48 | 7.11 | 11.69 | 9.30 | 9.46 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 11% |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 79% |
| 3 Years: | 29% |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -11% |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 19% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 13 | 13 |
| Reserves | 3 | 4 | 4 | 8 | 17 | 24 | 68 | 125 | 131 |
| 14 | 22 | 24 | 29 | 27 | 42 | 66 | 58 | 63 | |
| 17 | 24 | 31 | 34 | 47 | 60 | 29 | 24 | 44 | |
| Total Liabilities | 35 | 51 | 61 | 73 | 94 | 129 | 166 | 220 | 251 |
| 12 | 12 | 12 | 11 | 10 | 11 | 11 | 12 | 44 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 30 | 0 |
| Investments | 0 | 0 | 0 | 2 | 3 | 3 | 8 | 8 | 5 |
| 23 | 39 | 49 | 59 | 80 | 115 | 134 | 170 | 202 | |
| Total Assets | 35 | 51 | 61 | 73 | 94 | 129 | 166 | 220 | 251 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 2 | -4 | 2 | 8 | 2 | -0 | -8 | -31 | |
| 0 | -1 | -0 | -0 | -1 | -1 | -19 | -19 | |
| -1 | 5 | -0 | -9 | -1 | 2 | 27 | 50 | |
| Net Cash Flow | 1 | 1 | 1 | -1 | -0 | 0 | 1 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 33 | 17 | 23 | 17 | 44 | 39 | 110 |
| Inventory Days | 136 | 238 | 276 | 389 | 304 | 394 | 459 | 436 |
| Days Payable | 122 | 137 | 159 | 163 | 165 | 196 | 80 | 42 |
| Cash Conversion Cycle | 43 | 133 | 135 | 248 | 157 | 241 | 417 | 504 |
| Working Capital Days | 14 | 53 | 33 | 23 | 42 | 84 | 156 | 270 |
| ROCE % | 17% | 14% | 22% | 26% | 25% | 23% | 12% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
9 December 2025 - Investor meet on 11 Dec 2025 03:30 PM with Sequent Investments, Shefa Family Office, Bamboo Capital cancelled.
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Analysts/Institutional Investor Meet/Con. Call Updates
5 December 2025 - Investor/analyst meeting and plant visit on 10 Dec 2025 with Moneywisers and MS Investments.
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Analysts/Institutional Investor Meet/Con. Call Updates
5 December 2025 - Virtual investor/analyst group meeting on 11 Dec 2025 at 03:30 PM with Sequent, Shefa, Bamboo.
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Copy of Newspaper Publication
21 November 2025 - BEW Engineering published EGM notice and remote e-voting information, advertisement dated Nov 21, 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
20 November 2025 - H1 FY26 transcript: H1 revenue Rs.87.1cr, EBITDA Rs.11.7cr; orderbook ~Rs.80cr; guidance Rs.175cr FY26, Rs.300cr FY27.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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May 2024Transcript PPT REC
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May 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Jul 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
Business Overview:[1]
BEW designs and manufactures a special range of filtration, mixing, and drying equipment specifically used in Pharmaceuticals, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Agro Chemicals, Pesticides, Insecticides, Dyes, and Food Products