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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bhansali Engineering Polymers Ltd

About the Company - Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Ltd. is a Public Limited Listed company incorporated on 09/04/1984 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27100MH1984PLC032637 and registration number is 032637. Currently company belongs to the Industry of Petrochem - Polymers. Company’s Total Operating Revenue is Rs. 1393.95 Cr. and Equity Capital is Rs. 16.59 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Petrochemicals - Polymers301 & 302, 3rd Floor, Peninsula Heights, Mumbai Maharashtra 400058investors@bhansaliabs.com
http://www.bhansaliabs.com
Management
NamePosition Held
Mr. M C GuptaChairman(NonExe.&Ind.Director)
Mr. B M BhansaliManaging Director
Mr. Kiran Hiralal BhansaliWhole Time Director
Mr. Jayesh B BhansaliExecutive Director & CFO
Dr. B S BhesaniaInd. Non-Executive Director
Mr. Dilip KumarInd. Non-Executive Director
Ms. Jasmine F BatliwallaInd. Non-Executive Director

Basic Stock Data of Bhansali Engineering Polymers Ltd

Last Updated: April 10, 2024, 3:29 am

Market Cap 2,542 Cr.
Current Price 102
High / Low118/66.4
Stock P/E16.7
Book Value 35.8
Dividend Yield2.89 %
ROCE19.1 %
ROE13.3 %
Face Value 1.00
PEG Ratio0.99

Competitors of Bhansali Engineering Polymers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Kothari Petrochemicals Ltd 785 Cr. 133170/62.412.2 41.90.94 %41.9 %29.2 % 10.0
Signet Industries Ltd 259 Cr. 88.093.9/37.115.7 71.80.57 %12.4 %6.48 % 10.0
Supreme Petrochem Ltd 12,640 Cr. 668783/35536.5 1071.35 %23.8 %17.9 % 2.00
Sheela Foam Ltd 9,847 Cr. 9061,370/88959.6 2690.00 %9.07 %7.31 % 5.00
Manali Petrochemicals Ltd 1,349 Cr. 78.487.2/55.960.2 61.70.96 %4.38 %2.13 % 5.00
Industry Average4,976.00 Cr374.6836.84110.280.76%18.31%12.60%6.40

Bhansali Engineering Polymers Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales411473232375342446337358339328294314292
Expenses227254131211244345277305298306238257245
Operating Profit1842191011649810160534122575847
OPM %45%46%43%44%29%23%18%15%12%7%19%18%16%
Other Income225364777813910
Interest0000000100000
Depreciation3223222332222
Profit before tax18321910316510110365574627676454
Tax %26%25%25%25%25%29%26%28%27%49%24%26%26%
Net Profit13616377124767348413314504840
EPS in Rs5.476.563.104.963.042.941.911.651.340.572.021.931.61

Last Updated: May 11, 2024, 11:35 am

Bhansali Engineering Polymers Ltd Quarterly Chart

Bhansali Engineering Polymers Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4144195076015316261,0321,2251,1041,2921,3941,3631,276
Expenses3944044915754935628771,1461,0188459311,1861,098
Operating Profit2015162537641547986447463177178
OPM %5%4%3%4%7%10%15%6%8%35%33%13%14%
Other Income111238147610192937
Interest1311101411108101010
Depreciation644565671010101010
Profit before tax203923571547783446472195204
Tax %39%-441%47%38%29%37%35%40%19%25%26%30%
Net Profit111517361004767333349136146
EPS in Rs0.040.050.060.220.671.434.001.872.6813.4014.045.465.86
Dividend Payout %152%139%112%31%10%9%5%18%12%5%14%207%

Bhansali Engineering Polymers Ltd Profit & Loss Yearly Chart

Bhansali Engineering Polymers Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:0%
3 Years:-2%
TTM:-10%
Compounded Profit Growth
10 Years:62%
5 Years:31%
3 Years:-19%
TTM:32%
Stock Price CAGR
10 Years:23%
5 Years:14%
3 Years:-3%
1 Year:0%
Return on Equity
10 Years:27%
5 Years:29%
3 Years:23%
Last Year:18%

Last Updated: April 10, 2024, 3:29 am

Bhansali Engineering Polymers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17171717171717171717171725
Reserves1941841741691111462422823406649641,050866
Borrowings56305942321370000000
Other Liabilities1231431291691911211662302979612799183
Total Liabilities3903743793963504214245296537771,1071,1651,073
Fixed Assets1561431331228293107144150141145140136
CWIP0000006020000
Investments0001222222111
Other Assets2342312462732673263093845006349621,024937
Total Assets3903743793963504214245296537771,1071,1651,073

Bhansali Engineering Polymers Ltd Reserves and Borrowings Chart

Bhansali Engineering Polymers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1442-113656781925388103298140
Cash from Investing Activity -3-1-5-6-35-12-16-55-43-21-300-15
Cash from Financing Activity -15-3917-33-23-65-149-7-10-9-50-50
Net Cash Flow-421-3-2227-83574-5275

Bhansali Engineering Polymers Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days13811278899180666751827464
Inventory Days426477547494393685609663
Days Payable122141103116158676270111193423
Cash Conversion Cycle583552276107433325123136104
Working Capital Days9267735443114444544107157136
ROCE %6%5%5%9%18%29%58%28%25%86%57%19%

Bhansali Engineering Polymers Ltd Financial Efficiency Indicators Chart

Bhansali Engineering Polymers Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.45%56.45%56.45%56.45%56.64%56.64%56.65%56.65%56.71%57.48%57.48%57.48%
FIIs0.95%2.55%1.88%1.54%1.01%0.89%0.82%0.85%0.93%1.03%0.95%1.13%
DIIs0.02%0.02%0.02%0.02%0.01%0.02%0.00%0.00%0.00%0.00%0.04%0.05%
Public42.58%40.98%41.65%41.99%42.33%42.44%42.54%42.50%42.38%41.51%41.54%41.35%
No. of Shareholders55,77381,12690,8801,02,3851,09,4841,11,9081,10,1621,07,7361,05,9381,07,5251,13,6411,15,630

Bhansali Engineering Polymers Ltd Shareholding Pattern Chart

No. of Bhansali Engineering Polymers Ltd Shareholders

Bhansali Engineering Polymers Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund1046720.170.96
Groww Nifty Total Market Index Fund2780.010

Bhansali Engineering Polymers Ltd ROCE Trend

Bhansali Engineering Polymers Ltd EPS Trend

Bhansali Engineering Polymers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)8.2421.1020.134.042.85
Diluted EPS (Rs.)8.2421.1020.134.042.85
Cash EPS (Rs.)8.7921.6620.714.603.25
Book Value[Excl.RevalReserv]/Share (Rs.)64.3759.1541.0721.4718.01
Book Value[Incl.RevalReserv]/Share (Rs.)64.3759.1541.0721.4718.01
Revenue From Operations / Share (Rs.)82.1384.0277.8766.5673.82
PBDIT / Share (Rs.)12.4129.0727.535.565.18
PBIT / Share (Rs.)11.8128.4726.924.994.74
PBT / Share (Rs.)11.7428.4526.884.984.66
Net Profit / Share (Rs.)8.1921.0620.104.032.80
NP After MI And SOA / Share (Rs.)8.2421.1020.134.042.85
PBDIT Margin (%)15.1034.5935.358.357.01
PBIT Margin (%)14.3833.8734.567.496.41
PBT Margin (%)14.2933.8634.517.486.31
Net Profit Margin (%)9.9725.0625.806.053.79
NP After MI And SOA Margin (%)10.0325.1125.846.063.85
Return on Networth / Equity (%)12.8035.6649.0018.8115.80
Return on Capital Employeed (%)18.0247.2163.5621.9524.11
Return On Assets (%)11.7131.5842.9610.268.89
Asset Turnover Ratio (%)1.201.481.811.872.56
Current Ratio (X)10.888.488.111.721.86
Quick Ratio (X)8.736.656.600.961.37
Inventory Turnover Ratio (X)4.754.423.003.847.76
Dividend Payout Ratio (NP) (%)36.394.732.4812.3710.54
Dividend Payout Ratio (CP) (%)33.934.602.4110.839.12
Earning Retention Ratio (%)63.6195.2797.5287.6389.46
Cash Earning Retention Ratio (%)66.0795.4097.5989.1790.88
Interest Coverage Ratio (X)175.642878.91724.95821.3870.83
Interest Coverage Ratio (Post Tax) (X)116.962087.29530.14596.0539.36
Enterprise Value (Cr.)1343.891896.692169.58415.361190.45
EV / Net Operating Revenue (X)0.981.361.680.370.97
EV / EBITDA (X)6.533.934.754.5013.86
MarketCap / Net Operating Revenue (X)1.191.511.800.430.99
Retention Ratios (%)63.6095.2697.5187.6289.45
Price / BV (X)1.522.153.411.344.07
Price / Net Operating Revenue (X)1.191.511.800.430.99
EarningsYield0.080.160.140.140.03

Bhansali Engineering Polymers Ltd Profitability Ratios (%)

Bhansali Engineering Polymers Ltd Liquidity Ratios

Bhansali Engineering Polymers Ltd Liquidity Ratios (%)

Bhansali Engineering Polymers Ltd Interest Coverage Ratios (%)

Bhansali Engineering Polymers Ltd Valuation Ratios

Fair Value

Fair Value: ₹81.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 19.79% compared to the current price ₹102

Intrinsic Value: ₹95.67

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 6.21% compared to the current price ₹102

Last 5 Year EPS CAGR: 16.94%

*Investments are subject to market risks

Strength and Weakness of Bhansali Engineering Polymers Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 28.75%, which is a positive sign.
  2. The company has higher reserves (414.31 cr) compared to borrowings (27.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (238.85 cr) and profit (132.69 cr) over the years.
  1. The stock has a high average Working Capital Days of 81.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 62.42, which may not be favorable.

FAQ

What is the latest fair value of Bhansali Engineering Polymers Ltd?

The latest fair value of Bhansali Engineering Polymers Ltd is 81.81.

What is the Market Cap of Bhansali Engineering Polymers Ltd?

The Market Cap of Bhansali Engineering Polymers Ltd is 2,542 Cr..

What is the current Stock Price of Bhansali Engineering Polymers Ltd as on 13 April 2024?

The current stock price of Bhansali Engineering Polymers Ltd as on 13 April 2024 is 102.

What is the High / Low of Bhansali Engineering Polymers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bhansali Engineering Polymers Ltd stocks is ₹118/66.4.

What is the Stock P/E of Bhansali Engineering Polymers Ltd?

The Stock P/E of Bhansali Engineering Polymers Ltd is 16.7.

What is the Book Value of Bhansali Engineering Polymers Ltd?

The Book Value of Bhansali Engineering Polymers Ltd is 35.8.

What is the Dividend Yield of Bhansali Engineering Polymers Ltd?

The Dividend Yield of Bhansali Engineering Polymers Ltd is 2.89 %.

What is the ROCE of Bhansali Engineering Polymers Ltd?

The ROCE of Bhansali Engineering Polymers Ltd is 19.1 %.

What is the ROE of Bhansali Engineering Polymers Ltd?

The ROE of Bhansali Engineering Polymers Ltd is 13.3 %.

What is the Face Value of Bhansali Engineering Polymers Ltd?

The Face Value of Bhansali Engineering Polymers Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bhansali Engineering Polymers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE