Bhansali Engineering Polymers share price & results
- Sept 2026
- Sept 2026
India's ABS/SAN engineering-plastics maker, running two plants (Abu Road, Satnoor) at 75,000 TPA capacity.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 403 | +24.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 20.0 | +5.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 62.0 | +55.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 19.12 | −1.4 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 10.44 | +3.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 14.65 | −23.1 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance +11.8% 1Y
1Y: ₹98.87 on 24 Oct 2025 → ₹110.52. High ₹133.84 (8 Sept 2026), low ₹77.3 (9 Mar 2026).
- Previous close
- ₹106.9
- Market cap
- ₹2.7k Cr
- 52-week range
- ₹77.3 – ₹133.84
- One year
- +9.83%
- Price to earnings (TTM to Sept 2026)
- 11.98×
- Return on equity (TTM to Sept 2026)
- 19.12%
Overview
- Symbol
- NSE:BEPL
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Bhansali Engineering Polymers Limited does
Based on the company's own presentations, annual report and earnings calls.
Bhansali Engineering Polymers Limited manufactures ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) engineering thermoplastic resins used as raw material by downstream plastics processors. It runs two manufacturing plants, at Abu Road (Rajasthan) and Satnoor (Madhya Pradesh), and sells through a network of marketing offices across India. Product development is supported by an in-house, government-recognised R&D centre and a 50:50 joint venture with Japan's Nippon A&L Inc. for grade and application development.
- Manufacturing plants
- 2 (Abu Road, Rajasthan and Satnoor, Madhya Pradesh)
- Installed ABS production capacity
- 75,000 TPA
- Marketing/sales offices
- 6 (Ahmedabad, Gandhidham, Bengaluru, Gurugram, Chennai, Pune)
- R&D Centre
- DSIR (Govt. of India)-recognised in-house R&D Centre at Abu Road, Rajasthan
- Joint venture
- Bhansali Nippon A&L Private Limited, a 50:50 JV with Nippon A&L Inc. (Japan) for new-grade/application development
- New product grades developed (FY25)
- 17 new and 12 improved ABS/SAN grades, plus 112 new colour grades
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +55% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 346 | 345 | 308 | 325 | 301 | 342 | 472 | 403 |
| Expenses | 294 | 297 | 255 | 276 | 251 | 278 | 390 | 324 |
| Operating profit | 52 | 48 | 53 | 49 | 51 | 64 | 83 | 79 |
| Operating margin | 15.0% | 14.0% | 17.0% | 15.0% | 17.0% | 19.0% | 17.0% | 20.0% |
| Other income | 7 | 8 | 12 | 8 | 10 | 10 | 10 | 10 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 57 | 54 | 62 | 55 | 58 | 72 | 91 | 87 |
| Tax rate | 28.0% | 27.0% | 26.0% | 26.0% | 28.0% | 29.0% | 28.0% | 28.0% |
| Net profit | 41 | 40 | 46 | 40 | 42 | 52 | 66 | 62 |
| EPS (₹ per share) | 1.64 | 1.59 | 1.84 | 1.63 | 1.70 | 2.07 | 2.64 | 2.51 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,362 | 1,221 | 1,398 | 1,276 |
| Expenses | 1,186 | 1,010 | 1,183 | 1,060 |
| Operating profit | 176 | 213 | 215 | 217 |
| Other income | 29 | 41 | 38 | 40 |
| Interest | 1 | 0 | 0 | 0 |
| Depreciation | 10 | 8 | 8 | 8 |
| Profit before tax | 196 | 243 | 244 | 247 |
| Net profit | 137 | 179 | 180 | 180 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 17 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 1,051 | 898 | 977 | 1,014 | 1,058 | 1,136 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 99 | 133 | 102 | 133 | 202 | 124 |
| Total liabilities | 1,167 | 1,056 | 1,104 | 1,171 | 1,285 | 1,285 |
| Fixed assets | 140 | 133 | 137 | 133 | 133 | 135 |
| Capital work in progress | 0 | 19 | 11 | 32 | 31 | 45 |
| Investments | 3 | 3 | 3 | 2 | 2 | 2 |
| Other assets | 1,024 | 902 | 953 | 1,004 | 1,119 | 1,103 |
| Total assets | 1,167 | 1,056 | 1,104 | 1,171 | 1,285 | 1,285 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 103 | 298 | 140 | 231 | 109 | 168 |
| Cash from investing | -21 | -300 | -15 | 44 | 235 | -30 |
| Cash from financing | -9 | -50 | -50 | -324 | -100 | -100 |
| Net cash flow | 74 | -52 | 75 | -49 | 244 | 39 |
| Free cash flow | 103 | 284 | 135 | 210 | 103 | 133 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 82 | 74 | 64 | 69 | 67 | 73 |
| Inventory days | 60 | 96 | 63 | 60 | 44 | 79 |
| Days payable | 19 | 34 | 23 | 40 | 21 | 65 |
| Cash conversion cycle | 123 | 136 | 104 | 89 | 89 | 86 |
| Working capital days | 107 | 157 | 136 | 148 | 117 | 129 |
| Return on capital employed | 86.0% | 57.0% | 19.0% | 24.0% | 25.0% | 24.0% |
| Dividend payout | 5.0% | 14.0% | 206.0% | 56.0% | 55.0% | 55.0% |
What the price assumes
AttractiveTo justify its price of ₹111, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~10%. At that growth it is worth ₹142 — upside of 29%.
- Growth the price implies
- 4.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 9.5% a year
- net profit, FY23–FY26 · EPS 9.6%
- The gap
- -0.0 pp
- 29% downside if it only repeats history
Ownership
Who owns it
Promoters hold 57.48% as of Sept 2026; institutions added 0.33 pts since Jun 2026.
- Promoters 57.48%
- Foreign institutions 1.71%
- Domestic institutions 0.01%
- Public 40.78%
Who is on the register
Named in the Sep 2026 filing
Every holder of Bhansali Engineering Polymers Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 9.88% | unchanged | |
| 9.74% | unchanged | |
| 7.36% | unchanged | |
| 7.03% | unchanged | |
| 5.59% | unchanged | |
| 5.28% | unchanged | |
| 2.69% | unchanged | |
| 2.53% | unchanged | |
| 2.49% | unchanged | |
| 2.24% | unchanged | |
| 1.96% | unchanged | |
| 1.45% | unchanged |
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.
Your own record
Start an Inve Case for Bhansali Engineering Polymers Limited
Free account: one company. Everything above stays public.
Write why you follow Bhansali Engineering Polymers Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Chemicals companies
- KI
KIRIINDUSKiri Industries Limited - CH
CHEMPLASTSChemplast Sanmar Limited - NF
NFLNational Fertilizers Limited - JU
JUBLCPLJubilant Agri and Consumer Products Limited - NA
NACLINDNACL Industries Limited - BH
BHAGCHEMBhagiradha Chemicals & Industries Limited - DD
DDEVPLSTIKDdev Plastiks Industries Limited - NO
NOCILNOCIL Limited
Learn to analyse Bhansali Engineering Polymers Limited
Guides on how to read this kind of business and the numbers that matter.