BEW Engineering Ltd
Incorporated in 2011, BEW Engineering Ltd designs and manufactures special range of filtration mixing and drying equipments[1]
- Market Cap ₹ 117 Cr.
- Current Price ₹ 89.4
- High / Low ₹ 240 / 65.0
- Stock P/E 9.46
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 11.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.79 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
Part of Nifty SME Emerge
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: | -24% |
| 1 Year: | -54% |
| 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 |
| Free Cash Flow | 2 | -5 | 1 | 8 | 2 | -2 | -22 | -50 |
| CFO/OP | 79% | -75% | 44% | 112% | 38% | 14% | -13% | -133% |
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% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Number of Machine Units Sold Units |
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| Order Book Value INR Crore |
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| Export Revenue Contribution % |
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| Revenue Contribution from Dryers (Product-wise) % |
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| Revenue Contribution from Filters (Product-wise) % |
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| Revenue Contribution from Pharma & API Industry % |
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| Revenue Contribution from Specialty Chemicals Industry % |
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| Export Revenue Contribution INR Crore |
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| Market Share in Agitated Nutsche Filter Dryer (ANFD) Segment % |
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| Production Cycle / Lead Time Months |
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Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; shares remained fully in demat form.
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Updates
4 April 2026 - BEW Engineering reconstituted its Audit Committee effective April 4, 2026.
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Outcome of Board Meeting
4 April 2026 - Mr. Rohan Prakash Lade reappointed Managing Director for five years from March 31, 2026, pending shareholder approval.
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Updates
3 April 2026 - Board reconstituted nomination, stakeholder and CSR committees effective April 3, 2026.
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Agreements
2 April 2026 - BEW Engineering entered 01/04/2026 SIDBI term loan of Rs. 307.65 lakh for plant and machinery.
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