On 6 Nov 2026, Bhansali Engineering Polymers was priced at ₹109.83, or 12.3× trailing earnings, against an industry P/E of 18.2×, and the shares are 21% below their 52-week high. Sales fell 2.2% a year over 3 years while net profit grew 9.6%, with ROCE of 22% and ROE of 20%. Its dividend yield is 3.6%. It is a small-cap company with a market cap of ₹2,733 Cr, ranked 15th of 76 Chemicals companies by market cap; the shares rose 14% over the past year.
- ₹110.10
- ₹110.31
- ₹108.45
- ₹111.15
- 3 L
Health check
- ReturnsAhead
+13.6% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 12.3 vs industry 18.2.
- GrowthSteady
Sales −2.2%, profit +9.6% a year over 3 years.
- ProfitabilityStrong
ROCE 22.5% vs peer median 10.6%.
- Balance sheetFair
Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,733 Cr
- Small cap
- P/E
- 12.3
- Industry 18.2
- Price to book
- 2.35
- Peers 2.62
- Dividend yield
- 3.64%
- ROE
- 20.2%
- Peers 11.7%
- ROCE
- 22.5%
- Peers 10.6%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹8.92
- Face value ₹1
- OPM (TTM)
- 18.2%
- Net margin 14.6%
- Sales growth
- +24.1%
- Latest quarter vs a year ago
- Profit growth
- +54.0%
- Latest quarter vs a year ago
- Price to sales
- 1.80
- EV/EBITDA 9.0
Strengths and risks
Strengths
- Return on equity of 20.2%.
- Return on capital employed of 22.5%.
- Dividend yield of 3.64%.
- Quarterly profit up 54.0% on a year ago.
- Quarterly sales up 24.1% on a year ago.
About Bhansali Engineering Polymers
Bhansali Engineering Polymers Limited operates a petrochemical company in India and internationally. The company manufactures and sells thermoplastic resins that include acrylonitrile butadiene styrene (ABS) and styrene acrylate (SAN) resins. Its products include general purpose, heat resistant, flame retardant, and extrusion ABS resins for automobiles, home appliances, television, electronics, healthcare, kitchen appliances, and stationery items and…
- Headquarters
- Mumbai
- Employees
- 509
- Sector
- Basic Materials
- ISIN
- INE922A01025
- Website
- bhansaliabs.com
Price range
- Avg volume (3M)
- 15.2 L
- 1-year return
- plus 13.6%
- From 52-week high
- minus 20.7%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| BEPLBhansali Engineering Polymers | 109.83 | minus 1.19% | 2,733 | 12.3 | 11.6 | 22.5% | 18.2% | – | −2.2% | plus 13.6% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 308 | 301 | 342 | 472 | 403 | |
| 255 | 251 | 278 | 390 | 324 | |
| 52.6 | 50.5 | 64.1 | 82.6 | 78.9 | |
| 17.1% | 16.8% | 18.8% | 17.5% | 19.6% | |
| 11.6 | 10 | 10.2 | 10.2 | 10 | |
| 0 | 0 | 0.1 | 0.1 | 0 | |
| 2.2 | 2.1 | 2 | 2 | 2 | |
| 62 | 58.4 | 72.2 | 90.7 | 86.9 | |
| 25.9% | 27.7% | 28.5% | 27.7% | 28.1% | |
| 45.9 | 42.2 | 51.6 | 65.6 | 62.5 | |
| 1.84 | 1.70 | 2.07 | 2.64 | 2.51 |
Profit & loss
- Sales CAGR 3Y
- −2.2%
- Profit CAGR 3Y
- +9.6%
- EPS CAGR 3Y
- +25.4%
- ROE
- 20.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,363 | 1,222 | 1,398 | 1,276 | |
| – | minus 10.3% | +14.4% | minus 8.7% | |
| 1,186 | 1,010 | 1,179 | 1,059 | |
| 177 | 212 | 219 | 217 | |
| 13.0% | 17.4% | 15.7% | 17.0% | |
| 29.2 | 40 | 37.8 | 37.6 | |
| 0.7 | – | 0 | 0 | |
| 9.9 | 9.7 | 9 | 8.4 | |
| 0.1 | 0.1 | −3.8 | 1.1 | |
| 196 | 242 | 244 | 247 | |
| 30.1% | 26.0% | 26.2% | 27.2% | |
| 137 | 179 | 180 | 180 | |
| – | +31.2% | +0.4% | +0.1% | |
| 3.67 | 7.21 | 7.23 | 7.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.6 | 24.9 | 24.9 | 24.9 | |
| 1,051 | 898 | 977 | 1,058 | |
| 99.1 | 133 | 102 | 202 | |
| 1,167 | 1,056 | 1,104 | 1,285 | |
| 140 | 152 | 148 | 163 | |
| 0.4 | 18.9 | 11.4 | 30.7 | |
| – | – | – | 25.8 | |
| 278 | 159 | 364 | 397 | |
| 749 | 726 | 580 | 668 | |
| 1,167 | 1,056 | 1,104 | 1,285 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 140 | 231 | 109 | 168 | |
| −15.3 | 44 | 235 | −29.9 | |
| −49.8 | −324 | −99.5 | −99.5 | |
| 75 | −48.5 | 244 | 38.7 | |
| −5.2 | −21.4 | −6.1 | −35.2 | |
| 135 | 210 | 103 | 133 | |
| −49.8 | −324 | −99.5 | −99.5 |
Shareholding pattern
- Promoters57.47%
- Public42.53%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 57.47% | 42.53% | 0.00 | |
| 30 Jun 2026 | 57.47% | 42.53% | 0.00 | |
| 31 Mar 2026 | 57.47% | 42.53% | 0.00 | |
| 31 Dec 2025 | 57.47% | 42.53% | 0.00 | |
| 30 Sep 2025 | 57.47% | 42.53% | – |
Major shareholders
Filings & events
News
No recent news coverage found.