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Swing Capital

Bhansali Engineering Polymers Ltd

NSE: BEPL BSE: 500052Auto

Bhansali Engineering Polymers Ltd is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market. Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.[1]

₹93.5
52W: ₹74.2 — ₹124
PE 12.9 · Book ₹43.5 · +115% vs book
Market Cap₹2,328 Cr
Stock P/E12.9Price to Earnings
ROCE23.8%Return on Capital
ROE17.3%Return on Equity
Div. Yield4.28%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 55.3%

Weaknesses

  • −The company has delivered a poor sales growth of -0.25% over past five years.

Shareholding Pattern

Promoters57.48%
FIIs1.36%
DIIs0%
Public41.16%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters57.48%57.48%57.48%57.48%57.48%57.48%57.48%57.48%
FIIs2.09%1.66%▼0.41.5%▼0.21.53%▲0.01.44%▼0.11.42%▼0.01.13%▼0.31.36%▲0.2
DIIs0.07%0.13%▲0.10.1%▼0.00.11%▲0.00.13%▲0.00%▼0.10%0%
Public40.36%40.75%▲0.440.92%▲0.240.9%▼0.040.97%▲0.141.1%▲0.141.36%▲0.341.16%▼0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales292321340367346345308325301342
Expenses245270278314294297255276251278
Operating Profit47516253524853495164
OPM %16%16%18%14%15%14%17%15%17%19%
Net Profit40415347413947404252
EPS ₹1.611.662.131.891.631.581.881.611.692.08

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,276Cr, down 8.7% YoY. OPM at 17%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹31Cr (23% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 1.36% (+0.33pp change). Promoters hold 57.48%.

Margin & Efficiency

ROCE improving from 9% (Mar 2015) to 24% (Mar 2026). Working capital days: 129.

Valuation

PE 12.9x with 23.8% ROCE. Price is 115% above book value of ₹43.5. Dividend yield: 4.28%.

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