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    Bhansali Engineering Polymers Limited

    India's ABS/SAN engineering-plastics maker, running two plants (Abu Road, Satnoor) at 75,000 TPA capacity.

    Chemicals
    Commodities
    ₹113.1
    +14.30% from avg

    Overview

    Price

    ₹113.1

    Market Cap

    ₹3.0k Cr

    Sector

    Chemicals

    Commodities

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1717171725252525
    Reserves3406659651.1k8989771.0k1.1k
    Borrowings00000000
    Other Liabilities2979612799133102133202
    Total Liabilities6537771.1k1.2k1.1k1.1k1.2k1.3k
    AssetsFixed Assets150141145140133137133133
    CWIP200019113231
    Investments22233322
    Other Assets5006349621.0k9029531.0k1.1k
    Total Assets6537771.1k1.2k1.1k1.1k1.2k1.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating5388103298140231109168
    Cash from Investing-55-43-21-300-1544235-30
    Cash from Financing-7-10-9-50-50-324-100-100
    SummaryCapital Expenditure
    Free Cash Flow1772103284135210103133
    FCF Margin

    Valuation

    Assumptions

    Current — BEPL
    Price
    ₹113
    EPS (TTM)
    ₹8.04
    PE (TTM)
    14.1
    Profit growth
    9.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (15.1×) and current (14.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹113
    vs
    Fair value · 15% return
    ₹76
    33%Overvalued

    At 9.5% growth and a 14× exit, ₹113 only delivers your return if you pay ₹76. The price is currently baking in 18% growth.

    EPS grows 9.5%/yr for 5 years, then fades to 6% over 2, exits at 14×.

    YearGrowthEPS (₹)
    FY279.5%8.80
    FY289.5%9.64
    FY299.5%10.56
    FY309.5%11.56
    FY319.5%12.66
    FY327.8% ·fade13.64
    FY336.0% ·fade14.46

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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