Bhansali Engineering Polymers Ltd (BEPL) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500052 | NSE: BEPL | Chemicals | Small Cap

Bhansali Engg. Poly. Share Price

90.49 -0.59 -0.65%
as on 05-Dec'25 15:26

Bhansali Engineering Polymers Ltd (BEPL) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500052 | NSE: BEPL | Chemicals | Small Cap

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2. Valuation


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3. Price Trend


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Bhansali Engineering Polymers stock performance -

Key Ratios
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P/E Ratio (SA):
13.61
Market Cap:
2,266.6 Cr.
52-wk low:
90.2
52-wk high:
157.5

Is Bhansali Engineering Polymers Ltd an attractive stock to invest in?


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10 Year X-Ray of Bhansali Engg. Poly.: Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Bhansali Engineering Polymers Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 22%29%58.1%28.2%25.3%86.1%56.9%19.2%24.5%25.4%-
Value Creation
Index
0.61.13.21.00.85.23.10.40.80.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5316261,0321,2251,1041,2921,3941,3631,2221,3981,324
Sales YoY Gr.-18%64.8%18.7%-9.8%17%7.9%-2.3%-10.3%14.4%-
Adj EPS 0.91.34.22.12.713.4145.57.17.26.7
YoY Gr.-42.7%230.7%-50%28.6%396.3%4.2%-60.9%30.4%1.4%-
BVPS (₹) 5.16.510.41214.327.439.442.93740.241.7
Adj Net
Profit
22.231.510452.267.1333347136177180167
Cash Flow from Ops. 56.578.119253.588.1103298140230108-
Debt/CF from Ops. 0.61.800000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.4%4.8%0.1%14.4%
Adj EPS 26.2%21.7%-19.7%1.4%
BVPS25.7%23%0.7%8.6%
Share Price 18.2% 1.2% 5.4% -33.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.221.749.618.720.564.341.813.317.818.716.3
Op. Profit
Mgn %
8.510.115.67.1834.633.21317.415.415.2
Net Profit
Mgn %
4.2510.14.36.125.824.91014.512.912.6
Debt to
Equity
0.30.8000000000
Working Cap
Days
1561468980112110137170182138129
Cash Conv.
Cycle
5383323132378797059116

Recent Performance Summary

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Latest Financials - Bhansali Engineering Polymers Ltd.

Standalone Consolidated
TTM EPS (₹) 6.7 6.7
TTM Sales (₹ Cr.) 1,324 1,324
BVPS (₹.) 41.7 41.7
Reserves (₹ Cr.) 1,013 1,014
P/BV 2.18 2.18
PE 13.61 13.60
From the Market
52 Week Low / High (₹) 90.20 / 157.50
All Time Low / High (₹) 0.30 / 177.00
Market Cap (₹ Cr.) 2,267
Equity (₹ Cr.) 24.9
Face Value (₹) 1
Industry PE 48.1

Management X-Ray of Bhansali Engg. Poly.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Bhansali Engg. Poly. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Bhansali Engg. Poly.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5316261,0321,2251,1041,2921,3941,3631,2221,398
Operating Expenses 4935638771,1461,0188459311,1861,0101,183
Manufacturing Costs32384444494653616566
Material Costs4114737441,016893685749985832988
Employee Cost 23253732296873475559
Other Costs 28275253474657925870
Operating Profit 37641547986447463177212214
Operating Profit Margin (%) 7.1%10.1%15.0%6.5%7.8%34.6%33.2%13.0%17.4%15.3%
Other Income 3814761019294138
Interest 111081010100
Depreciation 656710101010109
Exceptional Items 0000000000
Profit Before Tax 23571547783446472195243244
Tax 721553116113123596364
Profit After Tax 17361004767333349136180180
PAT Margin (%) 3.1%5.7%9.7%3.8%6.1%25.8%25.1%10.0%14.7%12.9%
Adjusted EPS (₹)0.71.44.01.92.713.414.05.57.27.2
Dividend Payout Ratio (%)10%9%5%18%12%5%14%207%55%55%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 1281632582993566819801,0669211,000
Share Capital 17171717171717172525
Reserves 1111462422823406649641,050896976
Minority Interest0000000000
Debt3213700000000
Long Term Debt1000000000
Short Term Debt3113700000000
Trade Payables178991261942723670629057
Others Liabilities 13224035256057374345
Total Liabilities 3504214245296537771,1071,1651,0541,102

Fixed Assets

Gross Block18298113151276277291296298311
Accumulated Depreciation101557127137147156165174
Net Fixed Assets 8293107143150141145140133137
CWIP 006020001911
Investments 2222221111
Inventories8313980100208113197171136118
Trade Receivables132137185224154291282238230255
Cash Equivalents flag 1517322463153209279207404
Others Assets 373311367578273336329175
Total Assets 3504214245296537771,1071,1651,0541,102

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 56781925388103298140230108
PBT 23571547783446472195243244
Adjustment 21152166-5-17-27-29
Changes in Working Capital 161978820-236-482177-43
Tax Paid -3-13-42-33-21-112-122-59-62-64
Cash Flow From Investing Activity -35-12-16-55-43-21-300-1545236
Capex -35-14-28-36-160-13-5-21-6
Net Investments -20000-16-10752548
Others 2212-18-26-5-180-1541194
Cash Flow From Financing Activity -23-65-149-7-10-9-50-50-324-100
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -5000000000
Interest Paid -11-10-8-1-0-10000
Dividend Paid -2-2-3-5-8-8-50-50-324-100
Others -5-53-138-1-200000
Net Cash Flow -2127-83574-5275-49244

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)13.8724.5447.3516.7120.464.342.0713.2818.0918.71
ROCE (%)21.9528.9758.0928.2125.2686.1356.8619.1524.4525.37
Asset Turnover Ratio1.591.832.853.032.192.131.741.411.31.53
PAT to CFO Conversion(x)3.292.171.921.131.310.310.851.031.280.6
Working Capital Days
Receivable Days86704952535364595954
Inventory Days49583323433835423928
Payable Days1501075558958226243327

Bhansali Engineering Polymers Ltd Stock News

Bhansali Engineering Polymers Ltd FAQs

The current trading price of Bhansali Engg. Poly. on 05-Dec-2025 15:26 is ₹90.49.
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 04-Dec-2025 the market cap of Bhansali Engg. Poly. stood at ₹2,266.6.
The latest P/E ratio of Bhansali Engg. Poly. as of 04-Dec-2025 is 13.61.
The latest P/B ratio of Bhansali Engg. Poly. as of 04-Dec-2025 is 2.18.
The 52-week high of Bhansali Engg. Poly. is ₹157.5 and the 52-week low is ₹90.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhansali Engg. Poly. is ₹1,324 ( Cr.) .

About Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers (BEPL) is a leading name in the petrochemical sector in India. BEPL is a vertically integrated petrochemical company that is into manufacturing of ABS (Acrylonitrile Butadiene Styrene) -- a raw material used extensively across industries like automobiles, home appliances, telecommunications, luggage and other sectors.

The company manufactures and produces variety of specialty grades and 1200 different colour shades meeting customers requirements in different applications. The company has dedicated R & D team that helps to develop its application in shortest possible time.

For more than a decade, BEPL has been a trusted partner for the makers of automobiles, home appliances, telephones, electrical and electronics appliances, business machines, luggage, stationery, novelties and various other products.

Major clients of BEPL include large Indian brands namely Bajaj, Exide, Fiat, Aquaguard, Beetel, VIP, Samsonite, BPL, Onida, Sanyo, Videocon, Voltas, Whirpool, Electrolux, Crompton, IFB, LG, Kenstar, Tata, Toyota, Yahama and may more.

Products

  • Abstron
  • Santron
  • High Rubber Graft

History

Bhansali Engineering Polymers (BEPL) was incorporated in the year 1986. The company was promoted by Shri B M Bhansali. BEPL was the first company in India to start manufacturing quality ABS resins using foreign technology. Its plant is located at Satnoor, which was set up in technical collaboration with Sumitomo Chemical Engineering Co / Sumitomo Nagautuck, Japan at a capital cost of Rs 3,670 lakh. This plant became operational in January 1990 and started manufacturing general purpose injection moulding, extrusion and specialty grades of ABS and its alloys.

The company enhanced its capacity from 7500 TPA in 1990 to 15,000 TPA in the year 1996. In 2000, company acquired Vadodara-based Polychem and also added facility for manufacturing merchant SAN. With further expansion and addition of balancing equipment at both units at Satnoor and Vadodara, its installed capacity exceeded 30000 TPA in 2002. Continuing on the path of expansion, BEPL acquired Rajasthan Polymers Resins (RPRL) in the year 2004 to further enhance the production capacity to 48,000 TPA. BEPL has taken a step for a big expansion leap towards 200 KTPA in near future. Moreover, basic layout for 400 KTPA and 600 KTPA expansion has been finalized.

Milestones

  • 1984- The company was incorporated as public limited company in April of that year.
  • 1986- The company signed agreement with Sumitomo of Japan for 7.5 KTPA capacity ABS Plant.
  • 1990- In January, the company started 7.5 KTPA capacity ABS Plant at Satnoor (Madhya Pradesh).
  • 1996- BEPL expanded capacity at the Satnoor plant: 15 KTPA capacity of ABS in March.
  • 1999- In September, the company took over under licence and subsequently purchased Polychem’s 5 KTPA capacity ABS/SAN Plant at Vadodara. 
  • 2002- In September, company ABS/SAN plant at Vadodara Plant 12 KTPA (combined capacity of both the units – 27 KTPA).
  • 2003-2004- The company took over Greaves’ RPRL unit having manufacturing capacity of  20 KTPA.
  • 2005- BEPL implemented ERP package (mySAP) across the organization.
  • 2007- BEPL obtained ISO 9001-2000 certification

Future Plans

BEPL’s ambitious mid-to-long term strategy concentrates on strengthening its vertically integrated business structure. For its petrochemical business, BEPL has plans to further strengthen its foothold and position itself as a major player in main growing markets across the globe. This will be realized by raising the product quality and cost competitiveness through enhanced R&D and marketing abilities.

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