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Beezaasan Explotech Ltd (544369)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544369 NSE: Chemicals | Small Cap | Beezaasan Explotech Share Price
₹631.40 12.35 (1.99%)
As on 22-Sep'26 16:59
Beezaasan Explotech Ltd (544369)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544369 NSE: Chemicals | Small Cap | Beezaasan Explotech Share Price
₹631.40 12.35 (1.99%)
As on 22-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹957 Cr.
Current Price
₹631.4
52-Week Low / High
₹177 / 631
TTM EPS
₹8.8
TTM Sales
₹212 Cr.
Book Value per Share
₹102.6
P/E Ratio
72.07
Higher than its 5-year historical median
Industry PE
48.3
Price to Book (P/B)
6.16
Higher than its 5-year historical median
Price to Sales (P/S)
4.52
Higher than its 5-year historical median
EV/EBITDA
43.55
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.76%
Outperforms industry median
Return on Capital Employed (ROCE)
12.34%
In line with industry median
Return on Assets (ROA)
8.11%
Operating Profit Margin
9.8%
Net Profit Margin
6.35%
Gross Profit Margin
9.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-1.59%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.29%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.45%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹140 Cr.
Equity
₹15.2 Cr.
Face Value
₹10
All Time Low / High
₹145.65 / 619.05
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Beezaasan Explotech Ltd a good quality company?
Beezaasan Explotech Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Beezaasan Explotech Ltd performance compare with that of its Peers?
Revenue growth of Beezaasan Explotech Ltd vs industry peers?
Beezaasan Explotech Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Beezaasan Explotech Ltd?
Promoters hold 75.00% of the Beezaasan Explotech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Beezaasan Explotech Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 176.32% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Beezaasan Explotech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.5% | 16% | 17.5% | 22.8% | 11.2% | - |
| Value Creation Index ⓘ | 0.1 | 0.1 | 0.3 | 0.6 | -0.2 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 142 | 229 | 187 | 215 | 212 | 212 |
| Sales YoY Gr. | - | 61.5% | -18.2% | 14.7% | -1.6% | - |
| Adj EPS ⓘ | 4.4 | 4.2 | 5.4 | 8.8 | 7.8 | 7.8 |
| YoY Gr. | - | -3.9% | 27.9% | 64.7% | -11.8% | - |
| BVPS (₹) ⓘ | 15.7 | 19.9 | 25.1 | 72.4 | 100.9 | 100.9 |
| Adj Net Profit ⓘ | 2.9 | 3.1 | 5.1 | 11.4 | 11.8 | 12 |
| Cash Flow from Ops. ⓘ | -0.4 | 17.5 | 7.4 | 5.6 | 1.5 | - |
| Debt/CF from Ops. ⓘ | -58 | 2.5 | 4.5 | 4 | 23.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -2.6% | -1.6% | ||||
| Adj EPS ⓘ | NA | NA | 23% | -11.8% | ||||
| BVPSⓘ | NA | NA | 71.8% | 39.4% | ||||
| Share Price | - | - | - | 173.5% | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 25.4 | 23.6 | 26.5 | 19.1 | 9.5 | 7.7 |
| Op. Profit Mgn % ⓘ | 4.8 | 3.9 | 6.5 | 9.7 | 8.6 | NAN |
| Net Profit Mgn % ⓘ | 2.1 | 1.4 | 2.7 | 5.3 | 5.6 | 5.6 |
| Debt to Equity ⓘ | 2.3 | 3 | 1.4 | 0.2 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 41 | 60 | 75 | 113 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 33 | 47 | 48 | 66 | 0 |
Valuation of Beezaasan Explotech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 141 | 228 | 188 | 215 | 212 |
| Operating Expenses ⓘ + | 135 | 220 | 176 | 192 | 191 |
| Operating Profit ⓘ | 6 | 8 | 12 | 23 | 21 |
| Operating Profit Margin (%) | 4.1% | 3.4% | 6.5% | 10.8% | 9.8% |
| Other Income ⓘ + | 1 | 1 | 0 | 1 | 2 |
| Interest ⓘ | 2 | 3 | 3 | 4 | 2 |
| Depreciation ⓘ | 1 | 2 | 2 | 3 | 3 |
| Profit Before Tax ⓘ | 4 | 4 | 7 | 18 | 18 |
| Tax ⓘ | 1 | 1 | 2 | 4 | 4 |
| Profit After Tax | 3 | 3 | 5 | 14 | 13 |
| PAT Margin (%) | 2.0% | 1.3% | 2.7% | 6.5% | 6.4% |
| Adjusted EPS (₹) | 4.1 | 4.0 | 5.4 | 10.2 | 8.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 10 | 14 | 24 | 97 | 155 | ||||||
| Debt + | 20 | 39 | 34 | 22 | 34 | ||||||
| Minority Interest | 0 | 0 | 0 | 1 | 0 | ||||||
| Trade Payables | 4 | 2 | 1 | 0 | 2 | ||||||
| Others Liabilities ⓘ | 7 | 6 | 12 | 8 | 13 | ||||||
| Total Liabilities ⓘ | 42 | 62 | 71 | 128 | 203 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 19 | 24 | 32 | 37 | 50 | ||||||
| CWIP ⓘ | 0 | 3 | 2 | 12 | 3 | ||||||
| Investments ⓘ | 0 | 0 | 0 | 0 | 53 | ||||||
| Inventories | 11 | 14 | 20 | 26 | 38 | ||||||
| Trade Receivables | 11 | 11 | 7 | 6 | 13 | ||||||
| Cash Equivalents | 0 | 7 | 3 | 20 | 22 | ||||||
| Others Assets ⓘ | 1 | 2 | 7 | 27 | 25 | ||||||
| Total Assets ⓘ | 42 | 62 | 71 | 128 | 203 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -1 | 2 | 7 | 6 | 2 |
| Cash Flow From Investing Activity ⓘ + | -5 | -10 | -9 | -56 | -12 |
| Cash Flow From Financing Activity ⓘ + | 6 | 14 | -2 | 47 | 10 |
| Net Cash Flow ⓘ | 0 | 7 | -4 | -2 | 0 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 26.24 | 23.68 | 27.07 | 23.6 | 10.76 | |||||
| ROCE (%) | 15.34 | 16.32 | 17.21 | 24.56 | 12.34 | |||||
| Asset Turnover Ratio | 3.33 | 4.39 | 2.84 | 2.16 | 1.28 | |||||
| PAT to CFO Conversion(x) | -0.33 | 0.67 | 1.4 | 0.43 | 0.15 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 28.30 | 17.30 | 17 | 11.10 | 16.30 | |||||
| Inventory Days | 29.40 | 20.40 | 33.10 | 38.70 | 54.50 | |||||
| Payable Days | 12.70 | 5.20 | 3.60 | 1.90 | 2.10 | |||||
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Beezaasan Explotech Ltd FAQs
The current trading price of Beezaasan Explotech on 22-Sep-2026 16:59 is ₹631.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Sep-2026 the market cap of Beezaasan Explotech stood at ₹956.7 Cr
The latest P/E ratio of Beezaasan Explotech as of 21-Sep-2026 is 81.03.
The latest P/B ratio of Beezaasan Explotech as of 21-Sep-2026 is 6.26.
The 52-week high of Beezaasan Explotech is ₹631.4 and the 52-week low is ₹177.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Beezaasan Explotech is ₹212 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Beezaasan Explotech Ltd is a below average quality company.
The key valuation ratios of Beezaasan Explotech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Beezaasan Explotech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Beezaasan Explotech Ltd
Beezaasan Explotech Limited was originally formed as Private Limited Company under the name ‘Beezaasan Explotech Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 21, 2013 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the status of the company was changed to Public Limited and the name of the company was changed to ‘Beezaasan Explotech Limited’ vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the company held on May 15, 2024. The fresh certificate of incorporation consequent to conversion was issued on July 30, 2024 by the Registrar of Companies, Central Processing Centre.
Beezaasan Explotech deals in manufacturing and supplying a wide array of Explosives and Explosive accessories covering mainly cartridge explosives which includes Slurry Explosives, Emulsion Explosives and Detonating Fuse. Its products are manufactured using mixture of nitrate, catering to diverse requirements. Through the expertise of its promoters in diversified field application knowledge, it has designed products that meet the stringent requirements of varied Industries which include cement industry, mining industry and defence industry. It also supplies to Border Roads Organization and Public Sector Undertakings as well. It has its manufacturing units with the technologically equipped Quality Assurance Systems which ensures high standard of inputs and outgoing products.
Business area of the company
The company is engaged in manufacturing and supplying a wide array of Explosives and Explosives covering cartridge explovises which includes Slurry Explosives, Emulsion Explosives and Detonating Fuse.
Products of the company
Slurry Explosives
- Dynaex Prime
- Dynaex Boost
- Dynaex Shakti
- Dynaex Column
- Dynaex Base
Emulsion Explosives
- Dynaex Power-90
- Dynaex Prime-E
- Dynaex Boost-E
- Dynaex Gel - 90
- Dynaex Seismic E
- Dynaex Boost-E
- Dynaex Column -E
Detonating Fuse
- MSDS - Detonating Fuse
History and milestones
- 2013: Incorporation of the company as private limited company.
- 2018: Obtained license from Petroleum & Explosives Safety Organization (PESO) for manufacturing of Slurry Explosives.
- 2019: Obtained Factory license for setting up of Factory.
- 2021: Obtained license from Petroleum & Explosives Safety Organization (PESO) for manufacturing of Emulsion Explosives.
- 2022: ISO 9001:2015 in accordance with the requirements of Quality Management System.
- 2023: ISO 14001:2015 in accordance with the requirements of Environmental Management System.
- 2023: ISO 45001:2018 in accordance with the requirements of Occupational Health and Safety Management System.
- 2023: Obtained license from Petroleum & Explosives Safety Organization (PESO) for manufacturing of Detonating Fuse.
- 2023: Awarded ZED Bronze Certificate under MSME Sustainable (ZED) Certification Scheme.
- 2024: Obtained license under Consolidated Consent and Authorization (CC&A) under Section-25 of The Water (Prevention and Control of Pollution) Act-1974, under Section - 21 of The Air (Prevention and Control of Pollution) Act, 1981 and Authorization under Rule 6(2) of the Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016.
- 2024: Conversion of The company from Private Limited to Public Limited Company.
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