544369
Beezaasan Exp. financials
- Market cap
- ₹850 Cr
- Sector
- Chemicals
What Beezaasan Exp. does
Beezaasan Explotech manufactures packaged industrial explosives — slurry explosives, emulsion explosives, detonating fuse/cord and cast boosters — sold under its Dynaex brand family. Manufacturing is based at Bhanthala (Balasinor), Himatnagar, Gujarat, sited close to the Rajasthan mining belt so raw materials are sourced within 100–200 km and finished goods reach mining customers cheaply. Products are sold mainly through a retail dealer network, with additional sales to PSU clients, other limited companies, and exports to a small number of international markets.
Segments
- Slurry Explosives
- Emulsion Explosives
- Detonating Fuse
- Chemicals
- Manufacturing plants
- Slurry (2 plants), Emulsion, Detonating Fuse, Cast Booster — all at Bhanthala, Balasinor, Himatnagar (Gujarat)
- Initial licensed production capacity
- 22,500 MT/annum (first slurry plant)
- Manufacturing facility area
- 40.68 lakh sq. ft.
- Geographic footprint
- 11 states + 2 Union Territories in India; exports to 3+ countries
- Clients
- 357+
- Total employees
- 500+
Quarterly results
Q4 FY26: revenue up 9.9%, net profit up 66.7% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 101 | 101 | 114 | 100 | 111 +10% |
| EBITDA | 7 | 14 | 9 | 13 | 8 +14% |
| Net profit | 3 | 8 | 5 | 8 | 5 +67% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +150.2% 1Y
1Y: ₹224.1 on 10 Sept 2025 → ₹560.8. High ₹585 (31 Aug 2026), low ₹186.45 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹7 Cr | ₹7 Cr | ₹10 Cr | ₹13 Cr | ₹15 Cr |
| Reserves | ₹1 Cr | ₹5 Cr | ₹7 Cr | ₹14 Cr | ₹91 Cr | ₹140 Cr |
| Borrowings | ₹18 Cr | ₹24 Cr | ₹43 Cr | ₹37 Cr | ₹23 Cr | ₹37 Cr |
| Other liabilities | ₹3 Cr | ₹7 Cr | ₹4 Cr | ₹10 Cr | ₹10 Cr | ₹11 Cr |
| Total liabilities | ₹28 Cr | ₹42 Cr | ₹62 Cr | ₹71 Cr | ₹137 Cr | ₹203 Cr |
| Fixed assets | ₹16 Cr | ₹19 Cr | ₹24 Cr | ₹32 Cr | ₹36 Cr | ₹50 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹2 Cr | ₹13 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹53 Cr |
| Other assets | ₹13 Cr | ₹23 Cr | ₹34 Cr | ₹37 Cr | ₹88 Cr | ₹97 Cr |
| Total assets | ₹28 Cr | ₹42 Cr | ₹62 Cr | ₹71 Cr | ₹137 Cr | ₹203 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, FIIs trimmed −4.39 pp while promoters added +4.34 pp. The shareholder count shrank 16% to 937.
- Promoters
- 75.0%
- FIIs
- 1.6%
- DIIs
- 3.8%
- Public
- 19.6%
Since Mar 2025
- FIIs −4.39 pp
- Promoters +4.34 pp
- DIIs +0.47 pp
How it drifted, 3 quarters
Over this window FIIs fell from 6.0% to 1.6% — −4.4 pp.
Ownership split by quarter, oldest first. Mar '25: Promoters 70.7%, FIIs 6.0%, DIIs 3.3%, Public 20.1%.Sep '25: Promoters 70.7%, FIIs 2.9%, DIIs 3.9%, Public 22.5%.Mar '26: Promoters 75.0%, FIIs 1.6%, DIIs 3.8%, Public 19.6%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shah Radheshyam Madanlal HUF newly disclosed 1.84% held
- Sunil R. Somani . +1.64 pp 1.64% held
- Rajesh Kumar Singla newly disclosed 1.40% held
- Pushpaben Radheshyam Shah +0.76 pp 5.92% held
- Aarth AIF Growth Fund AIF +0.69 pp 2.20% held
- Navneetkumar Radheshyam Somani +0.28 pp 25.76% held
- Manishaben Navneetkumar Somani +0.23 pp 5.97% held
- Komalben Sunilkumar Somani +0.21 pp 6.08% held
The same filing shows 3 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Beezaasan Exp. above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Navneetkumar Radheshyam Somani | 25.76% | +0.28 pp |
| Sunilkumar Radheshyam Somani . . | 25.26% | −0.21 pp |
| Komalben Sunilkumar Somani | 6.08% | +0.21 pp |
| Manishaben Navneetkumar Somani | 5.97% | +0.23 pp |
| Pushpaben Radheshyam Shah | 5.92% | +0.76 pp |
| Rajan Sunilkumar Somani | 2.53% | −0.44 pp |
| Aarth AIF Growth Fund AIF | 2.20% | +0.69 pp |
| Shah Radheshyam Madanlal HUF | 1.84% | newly disclosed |
| Sunil R. Somani . | 1.64% | +1.64 pp |
| Abundantia Capital Vcc- Abundantia Capital Iii VC / PE | 1.62% | unchanged |
| Rajesh Kumar Singla | 1.40% | newly disclosed |
| Ranu Maniyar | 1.21% | −0.25 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 22.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Beezaasan Exp.
Guides on how to read this kind of business and the numbers that matter.