Bhavik Enterprises Ltd
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About
Incorporated in 2008, Bhavik Enterprises Limited is engaged in the trading of polymers primarily in Polyethylene (PE) and Polypropylene (PP).[1]
Key Points
- Market Cap ₹ 285 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 50.2
- Book Value ₹
- Dividend Yield %
- ROCE 8.33 %
- ROE 5.97 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Company has a low return on equity of 11.1% over last 3 years.
- Earnings include an other income of Rs.4.19 Cr.
- Debtor days have increased from 31.3 to 41.6 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
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 283 | 292 | 325 | 561 | 494 | 527 | |
| 278 | 280 | 319 | 544 | 489 | 523 | |
| Operating Profit | 5 | 12 | 6 | 17 | 5 | 4 |
| OPM % | 2% | 4% | 2% | 3% | 1% | 1% |
| 2 | 5 | 4 | 4 | 6 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 17 | 9 | 21 | 11 | 8 |
| Tax % | 28% | 27% | 26% | 26% | 26% | 26% |
| 5 | 12 | 7 | 15 | 8 | 6 | |
| EPS in Rs | 9.00 | 23.25 | 12.66 | 29.10 | 14.93 | 3.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 18% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -5% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 11% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 16 |
| Reserves | 45 | 57 | 64 | 79 | 87 | 82 |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| 35 | 52 | 57 | 77 | 44 | 75 | |
| Total Liabilities | 85 | 114 | 126 | 161 | 137 | 173 |
| 1 | 1 | 1 | 2 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 3 | 0 | 0 |
| 84 | 112 | 125 | 156 | 135 | 172 | |
| Total Assets | 85 | 114 | 126 | 161 | 137 | 173 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 5 | 26 | 1 | 14 | -3 | -33 | |
| 1 | 1 | 2 | -1 | 3 | -2 | |
| -0 | -0 | 0 | -0 | -0 | 0 | |
| Net Cash Flow | 6 | 28 | 2 | 12 | -0 | -34 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 43 | 36 | 41 | 27 | 26 | 42 |
| Inventory Days | 31 | 39 | 31 | 31 | 22 | 49 |
| Days Payable | 43 | 61 | 57 | 49 | 32 | 54 |
| Cash Conversion Cycle | 31 | 14 | 15 | 9 | 16 | 36 |
| Working Capital Days | 28 | 7 | 5 | 6 | 17 | 41 |
| ROCE % | 30% | 14% | 28% | 12% | 8% |
Business Profile[1]
Bhavik Enterprises Limited is engaged in B2B trading of polymers, focusing mainly on Polyethylene (PE) and Polypropylene (PP), which find applications in packaging, agriculture, infrastructure, automotive, and consumer goods. It operates under a “Stock & Sale” model, importing polymers, storing them in warehouses/depots, and supplying them to plastic product manufacturers.