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Bhansali Engineering Polymers Limited (BEPL) · mywealthgrid

About

Bhansali Engineering Polymers manufactures engineered polymers for the petrochemicals sector, operating at mid-scale (market cap ₹3,078 Cr). Recent quarterly revenues reach ₹472 Cr (Jun 2026), with operating margins in the 15–19% range. The company has paid dividends six times over the past 12 months, indicating cash generation.

Face value: ₹1

Market cap

₹3,080 Cr

P/E

15.4×

P/B

2.8×

Dividend yield

4.8%

ROE

17.3%

ROCE

23.3%

Debt / equity

OPM

17%

EPS (TTM)

₹8.0

Book value

₹43.5

52-week high

₹133.8

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Quarterly revenue swings between ₹301 and ₹472 Cr in recent periods; verify whether this reflects demand cyclicality, project timing, or seasonality.
Operating margins of 15–19% offer limited cushion; exposure to feedstock and raw-material costs is sector-typical—verify hedging and price-pass-through practices.
Institutional participation minimal (FII 1.4%, DII 0.01%); verify free-float liquidity and analyst coverage depth.
Valuation (PE 15.4) assumes Jun 2026 revenue acceleration sustains; monitor whether revenue trend continues or reverts.

Generated analysis · source review pending

Growth drivers

Jun 2026 revenue ₹472 Cr is 56.6% higher than Dec 2025 (₹301 Cr); verify what drove this acceleration and whether it persists.
Operating margins expanded from 15.1% (Sep 2025) to 18.76% (Mar 2026), holding at 17.49% (Jun 2026)—verify what sustained this improvement.
Zero debt (D/E 0) and ROE of 17.28% provide financial flexibility; check management guidance on capex and growth plans.
Six dividend events over 12 months indicate cash generation; verify cash flow trends and whether payout ratio is sustainable.

Generated analysis · source review pending

₹123.8+20.9%1Y

Beta

1.14

Moves with the index

Volatility (1y)

35.3%

Annualised, daily returns

RSI (14)

38.6

Neither overbought nor oversold

Rel. strength (1y)

11.6%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Strong return on equity of 18% (3-yr avg)
+High return on capital employed of 23.9%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 1175.5×
+Dividend yield of 4.8%
+Dividend payout of 74.7% of profit

Cons

−Profit declined 11.6% a year over the last 5 years
−Revenue shrank over the last 5 years (-0.2% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

71/100

Business quality: 70
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Petrochem LimitedSPLPETROSPLPETRO	₹14,672 Cr	₹14,680 Cr	₹5,719 Cr	₹737 Cr	9.6%	₹485 Cr	6.1%	18.5%	13.9%	21
Swan Corp LimitedSWANCORPSWANCORP	₹8,552 Cr	₹10,656 Cr	₹4,172 Cr	₹-234 Cr	-4.7%	₹224 Cr	6.2%	4.1%	3.7%	185
Rain Industries LimitedRAINRAIN	₹7,013 Cr	₹16,837 Cr	₹18,464 Cr	₹2,788 Cr	12.6%	₹537 Cr	0.8%	8.6%	0.6%	134
Bhansali Engineering Polymers LimitedBEPLBEPL	₹3,080 Cr	₹3,080 Cr	₹1,440 Cr	₹246 Cr	17%	₹200 Cr	14.1%	23.3%	17.3%	86
Manali Petrochemicals LimitedMANALIPETCMANALIPETC	₹1,344 Cr	₹1,403 Cr	₹1,062 Cr	₹142 Cr	8%	₹180 Cr	12.7%	7.4%	10.9%	82
Dcw LimitedDCWDCW	₹1,317 Cr	₹1,627 Cr	₹2,210 Cr	₹204 Cr	10.3%	₹71 Cr	2.3%	9.7%	4.6%	-1
Tamilnadu Petroproducts LimitedTNPETROTNPETRO	₹1,109 Cr	₹1,558 Cr	₹1,783 Cr	₹204 Cr	8.9%	₹142 Cr	6.7%	11.7%	10.1%	116
Pasupati Acrylon LimitedPASUPTACPASUPTAC	₹620 Cr	₹728 Cr	₹1,032 Cr	₹144 Cr	11%	₹96 Cr	6.9%	20.7%	17.5%	52
Agarwal Industrial Corporation LimitedAGARINDAGARIND	₹579 Cr	₹915 Cr	₹1,492 Cr	₹111 Cr	7.1%	₹41 Cr	2.6%	10.1%	6.6%	24
Amtech Esters LtdAMTECHAMTECH	₹106 Cr	—	—	—	—	—	—	—	—	—
Indian Acrylics LtdINDIANACRYINDIANACRY	₹76 Cr	₹307 Cr	₹352 Cr	₹-1 Cr	-0.4%	₹-24 Cr	-6.9%	-3.5%	—	32
Polylink Polymers India LtdPOLYLINKPOLYLINK	₹48 Cr	₹53 Cr	₹91 Cr	₹4 Cr	3.3%	₹2 Cr	1.4%	5.6%	4%	60

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,104	1,292	1,394	1,363	1,222	1,398	1,276
COGS	893	685	749	986	832	988	848
Gross profit	211	607	645	377	390	410	428
	124	160	182	199	177	194	211
	87	447	464	178	213	216	217
OPM %	7.8%	34.6%	33.3%	13.1%	17.4%	15.4%	17%
Depreciation	10	10	10	10	10	9	8
Interest	0	1	0	1	0	0	0
	6	10	19	29	40	37	39
Profit before tax	83	446	473	196	242	244	247
Tax	16	113	123	59	63	64	67
Tax %	19.1%	25.2%	25.9%	30.1%	26%	26.2%	27.2%
	67	334	350	137	179	180	180
PAT margin %	6.1%	25.8%	25.1%	10%	14.7%	12.9%	14.1%
EPS (₹)	4	20.1	21.1	8.2	7.2	7.2	7.2
EPS adjusted (₹)	2.7	13.4	14.1	5.5	7.2	7.2	7.2
	12.4%	5%	14.2%	206.3%	55.5%	55.3%	55.2%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	17	17	17	25	25	25
Reserves	—	665	965	1,051	898	977	1,058
	—	0	0	0	0	0	0
	—	96	127	99	133	102	202
Total equity & liabilities	—	777	1,108	1,167	1,056	1,104	1,285
	150	141	145	140	133	137	133
CWIP	—	0	0	0	19	11	31
Investments	—	2	2	3	3	3	2
	—	634	962	1,024	902	953	1,119
Total assets	—	777	1,108	1,167	1,056	1,104	1,285

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	19.1%	47%	46.3%	27.7%	31.9%	29.3%	33.5%
EBITDA margin %	7.8%	34.6%	33.2%	13%	17.4%	15.4%	17%
EBIT margin %	7%	33.8%	32.5%	12.3%	16.6%	14.7%	16.3%
PAT margin %	6.1%	25.8%	25.1%	10%	14.7%	12.9%	14.1%
Working capital
Receivable days	—	82	74	64	69	67	73
Inventory days	—	60	96	63	60	44	79
Payable days	—	19	34	23	40	21	65
NWC days	—	123	136	104	89	89	86
Leverage
Current ratio	—	8.11	8.48	10.88	7.3	11.25	5.88
Debt to EBITDA	—	0	0	0	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	752	708.9	2,778	167.5	1,209.2	1,278.3	1,175.5
Asset turnover	—	1.66	1.26	1.17	1.16	1.27	0.99
Return ratios
Return on assets %	—	43%	31.6%	11.7%	17%	16.3%	14%
Return on capital employed %	—	63.6%	55.5%	18.8%	23.8%	24.7%	23.3%
Return on equity %	—	49%	35.7%	12.8%	19.4%	18%	16.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.47%	57.47%	57.47%	57.47%	57.47%	57.47%	57.47%	57.47%	57.47%	57.47%	57.47%	57.47%
	0.95%	1.12%	1.12%	2.09%	1.66%	1.51%	1.53%	1.43%	1.42%	1.13%	1.35%	1.4%
DII	0.04%	0.05%	0.06%	0.07%	0.13%	0.1%	0.11%	0.13%	0.01%	0.01%	0.01%	0.01%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	41.54%	41.36%	41.35%	40.37%	40.74%	40.92%	40.89%	40.97%	41.1%	41.39%	41.17%	41.12%
No. of shareholders	—	—	—	—	—	—	—	—	1,17,420	1,16,273	1,13,545	1,11,850

Promoter holding up 0 percentage points since Sep 2023.

44 deals · 13 Dec 2023 – 22 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	12,95,700	₹121.47	₹15.74 Cr
22 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	12,88,503	₹121.45	₹15.65 Cr
21 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	45,52,116	₹132.83	₹60.47 Cr
21 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	45,26,989	₹132.79	₹60.11 Cr
21 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Sell	33,69,470	₹132.98	₹44.81 Cr
21 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Buy	33,31,556	₹132.11	₹44.01 Cr
21 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	25,74,710	₹132.38	₹34.08 Cr
21 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	25,74,708	₹132.46	₹34.10 Cr
21 Jul 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	15,90,191	₹133.14	₹21.17 Cr
21 Jul 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	15,90,191	₹133.20	₹21.18 Cr

1–10 of 44

1 / 5

Mr. Babulal Mishrimal BhansaliExecutive Director-Chairperson related to Promoter-MD
Mr. Jayesh Babulal BhansaliExecutive Director-MD
Mr. Dilip Krushnarao ShendreExecutive Director
Mr. Rohinton Bomanshaw AnklesariaNon-Executive - Independent Director
Mr. Firdaus Nariman PavriNon-Executive - Independent Director
Mrs. Taruna Niraj KumbharNon-Executive - Independent Director
Mr. Ashwin M PatelCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	281	0	0.01%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

33

Interim dividend23 Jul 2026 · ex-date₹1
Final dividend13 Jul 2026 · ex-date₹1
Interim dividend18 Feb 2026 · ex-date₹1
Interim dividend4 Nov 2025 · ex-date₹1
Final dividend12 Sept 2025 · ex-date₹1
Interim dividend20 Aug 2025 · ex-date₹1
Interim dividend22 Jan 2025 · ex-date₹1
Interim dividend31 Oct 2024 · ex-date₹1
Interim dividend25 Jul 2024 · ex-date₹1
Final dividend21 Jun 2024 · ex-date₹1
Interim dividend7 Feb 2024 · ex-date₹1
Interim dividend2 Nov 2023 · ex-date₹1
Interim dividend25 Jul 2023 · ex-date₹1
Special dividend9 Jun 2023 · ex-date₹14
Final dividend9 Jun 2023 · ex-date₹1
Interim dividend27 Oct 2022 · ex-date₹1
Interim dividend27 Jul 2022 · ex-date₹1
Final dividend21 Jun 2022 · ex-date₹1
Interim dividend27 Jan 2022 · ex-date₹1
Interim dividend21 Oct 2021 · ex-date₹1
Dividend dividend22 Jun 2021 · ex-date₹1
Final dividend17 Sept 2020 · ex-date₹0.5
Dividend dividend19 Sept 2019 · ex-date₹0.5
Final dividend19 Sept 2018 · ex-date₹0.3
Dividend dividend6 Jul 2017 · ex-date₹0.2
Final dividend15 Sept 2016 · ex-date₹0.1
Final dividend15 Sept 2015 · ex-date₹0.1
Final dividend18 Sept 2014 · ex-date₹0.1
Final dividend12 Sept 2013 · ex-date₹0.1
Final dividend13 Sept 2012 · ex-date₹0.1
Dividend dividend21 Sept 2011 · ex-date₹0.1
Dividend dividend11 Sept 2008 · ex-date₹0.1
Dividend dividend13 Sept 2007 · ex-date₹0.1

1

Board meeting to consider results18 Jul 2026

1

Bonus 1:25 Jul 2023 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

2 announcementsExport CSV

30 Sept 2026, 4:26 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

17 Sept 2026, 5:12 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

Date	Category	Subject	Filing
30 Sept 2026, 4:26 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
17 Sept 2026, 5:12 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	192	53	88	88	298	153	230	109	168
	-16	-55	-43	-5	-300	-15	45	235	-30
	-149	-7	-10	-9	-50	-50	-324	-100	-100
Net cash flow	27	-8	35	74	-52	88	-49	244	39
Free cash flow	164	17	72	87	284	148	209	103	133
CFO / Operating profit %	—	—	102.1%	19.6%	64.3%	86.5%	108.4%	50.7%	77.8%

Bhansali Engineering Polymers Limited

Bhansali Engineering Polymers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

33

1

1

Announcements

33

1

1

Not in the F&O segment

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Bhansali Engineering Polymers Limited

Bhansali Engineering Polymers Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

Dividends33

Board meetings1

Bonus issues1

Announcements

Dividends33

Board meetings1

Bonus issues1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

33

1

1

33

1

1