BEW Engineering Ltd
Incorporated in 2011, BEW Engineering Ltd designs and manufactures special range of filtration mixing and drying equipments[1]
- Market Cap ₹ 257 Cr.
- Current Price ₹ 197
- High / Low ₹ 450 / 134
- Stock P/E 16.7
- Book Value ₹ 101
- Dividend Yield 0.00 %
- ROCE 22.8 %
- ROE 27.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 80.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -12.7%
- Working capital days have increased from 210 days to 316 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
Sector: Engineering Industry: Engineering
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 52 | 51 | 59 | 59 | 99 | 106 | 121 | 106 | |
| 48 | 46 | 55 | 51 | 88 | 91 | 97 | 80 | |
| Operating Profit | 4 | 5 | 4 | 8 | 11 | 15 | 24 | 26 |
| OPM % | 7% | 9% | 7% | 14% | 11% | 14% | 20% | 25% |
| 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | |
| Interest | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 4 | 8 | 10 | 18 | 21 |
| Tax % | 27% | 18% | 27% | 40% | 28% | 25% | 25% | |
| 1 | 1 | 1 | 2 | 6 | 7 | 14 | 15 | |
| EPS in Rs | 1.28 | 1.20 | 1.12 | 3.09 | 5.48 | 7.11 | 11.69 | 12.69 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 27% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 79% |
| TTM: | 96% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 31% |
| Last Year: | 28% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 |
| Reserves | 3 | 4 | 4 | 8 | 17 | 24 | 68 | 129 |
| 14 | 22 | 24 | 29 | 27 | 42 | 66 | 48 | |
| 17 | 24 | 31 | 34 | 47 | 60 | 29 | 16 | |
| Total Liabilities | 35 | 51 | 61 | 73 | 94 | 129 | 166 | 196 |
| 12 | 12 | 12 | 11 | 10 | 11 | 11 | 30 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | 13 | -0 |
| Investments | 0 | 0 | 0 | 2 | 3 | 3 | 8 | 8 |
| 23 | 39 | 49 | 59 | 80 | 115 | 134 | 158 | |
| Total Assets | 35 | 51 | 61 | 73 | 94 | 129 | 166 | 196 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 2 | -4 | 2 | 8 | 2 | -0 | -8 | |
| 0 | -1 | -0 | -0 | -1 | -1 | -19 | |
| -1 | 5 | -0 | -9 | -1 | 2 | 27 | |
| Net Cash Flow | 1 | 1 | 1 | -1 | -0 | -0 | 1 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 33 | 17 | 23 | 17 | 44 | 39 |
| Inventory Days | 136 | 238 | 276 | 389 | 304 | 394 | 459 |
| Days Payable | 122 | 137 | 159 | 163 | 165 | 196 | 80 |
| Cash Conversion Cycle | 43 | 133 | 135 | 248 | 157 | 241 | 417 |
| Working Capital Days | 36 | 96 | 97 | 157 | 123 | 192 | 316 |
| ROCE % | 17% | 14% | 22% | 26% | 25% | 23% |
Documents
Announcements
-
Structural Digital Database
22 April 2025 - Submission of SDD Compliance Certificate for FY ended March 31, 2025 confirming insider trading database maintenance.
-
General Updates
17 April 2025 - Launch of 3 KL Rotocone Vacuum Dryer for pharma sector
-
General Updates
9 April 2025 - BEW delivered 5L lab-scale ANFD, RVPD and APD equipment to client to support R&D
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
8 April 2025 - BEW Engineering: Reg 27(2) corporate governance compliance non‑applicable for quarter ended March 31, 2025
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 April 2025 - Certificate under SEBI Reg 74(5): all shares in demat form, no rematerialisation requests for Q4 FY25.
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