Bhansali Engineering Polymers (BEPL)₹110.62−0.85%Petrochemicals
In the Sep 2026 quarter (consolidated), Bhansali Engineering Polymers reported sales of ₹403 Cr, up 23.9% from Sep 2025, and net profit of ₹62.01 Cr, up 55.2% year on year. For the year to Mar 2026, sales were ₹1,278 Cr and net profit ₹180 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 292 | 321 | 340 | 367 | 346 | 345 | 308 | 325 | 301 | 342 | 472 | 403 |
| Expenses | 245 | 270 | 278 | 314 | 294 | 297 | 255 | 276 | 251 | 278 | 390 | 324 |
| Operating Profit | 47.12 | 51.18 | 62.15 | 53.15 | 52.17 | 48.13 | 53.20 | 49.17 | 51.18 | 64.19 | 83.21 | 79.22 |
| OPM % | 15.9% | 16.0% | 18.0% | 13.9% | 14.9% | 14.0% | 16.9% | 15.0% | 17.0% | 19.0% | 17.0% | 19.9% |
| Other Income | 10.01 | 8.01 | 12.02 | 11.01 | 7.01 | 8.01 | 12.01 | 8.01 | 10.01 | 10.02 | 10.02 | 10.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 |
| Profit before tax | 54.07 | 57.12 | 71.07 | 62.06 | 57.07 | 54.05 | 62.10 | 55.04 | 58.11 | 72.07 | 91.16 | 87.09 |
| Tax % | 26.0% | 29.1% | 25.0% | 25.0% | 28.0% | 27.0% | 26.0% | 26.0% | 28.0% | 29.0% | 28.0% | 28.0% |
| Net Profit | 40.01 | 39.98 | 52.94 | 45.96 | 40.96 | 39.96 | 46.01 | 39.96 | 41.95 | 51.93 | 65.93 | 62.01 |
| EPS (Rs) | 1.63 | 1.63 | 2.15 | 1.87 | 1.65 | 1.60 | 1.85 | 1.64 | 1.71 | 2.08 | 2.65 | 2.52 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 531 | 626 | 1,033 | 1,225 | 1,105 | 1,294 | 1,396 | 1,365 | 1,222 | 1,400 | 1,278 | 1,519 |
| Expenses | 494 | 563 | 878 | 1,146 | 1,019 | 845 | 932 | 1,187 | 1,011 | 1,183 | 1,060 | 1,244 |
| Operating Profit | 37.10 | 63.20 | 154 | 79.23 | 86.21 | 448 | 465 | 178 | 213 | 216 | 217 | 278 |
| OPM % | 7.0% | 10.0% | 15.0% | 6.0% | 8.0% | 35.0% | 33.0% | 13.0% | 17.0% | 15.0% | 17.0% | 18.3% |
| Other Income | 3.01 | 8.01 | 14.01 | 8.01 | 6.01 | 11.01 | 20.02 | 30.05 | 40.03 | 38.05 | 40.07 | 40.06 |
| Interest | 11.04 | 10.03 | 8.02 | 1.01 | 0.00 | 1.01 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 6.02 | 5.02 | 6.03 | 7.03 | 10.05 | 10.03 | 10.04 | 10.05 | 10.04 | 9.04 | 8.03 | 8.04 |
| Profit before tax | 23.04 | 57.09 | 155 | 78.16 | 83.16 | 447 | 474 | 196 | 243 | 244 | 247 | 308 |
| Tax % | 29.0% | 37.0% | 35.0% | 40.0% | 19.0% | 25.0% | 26.0% | 30.0% | 26.1% | 26.0% | 27.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 15.99 | 35.01 | 99.94 | 46.95 | 66.97 | 334 | 350 | 137 | 179 | 180 | 180 | 222 |
| EPS (Rs) | 0.66 | 1.43 | 4.03 | 1.91 | 2.70 | 13.43 | 14.07 | 5.48 | 7.22 | 7.24 | 7.25 | 8.96 |
| Dividend payout % | 10.0% | 9.0% | 5.0% | 18.1% | 12.1% | 5.0% | 14.1% | 206.0% | 56.0% | 55.1% | 55.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16.93 | 16.93 | 16.93 | 16.93 | 16.93 | 16.93 | 16.92 | 16.93 | 16.93 | 24.89 | 24.88 | 24.88 |
| Reserves | 167 | 110 | 144 | 240 | 281 | 339 | 662 | 962 | 1,048 | 895 | 973 | 1,054 |
| Borrowings | 41.90 | 31.92 | 137 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 168 | 190 | 120 | 165 | 229 | 296 | 95.54 | 126 | 98.53 | 132 | 102 | 201 |
| Total Liabilities | 394 | 348 | 419 | 421 | 527 | 650 | 774 | 1,104 | 1,163 | 1,052 | 1,099 | 1,279 |
| Fixed Assets | 121 | 81.68 | 92.59 | 107 | 143 | 149 | 140 | 145 | 139 | 132 | 137 | 132 |
| CWIP | 0.00 | 0.00 | 0.00 | 5.99 | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 18.99 | 10.99 | 30.96 |
| Investments | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 2.01 | 2.01 | 2.01 | 3.01 | 3.01 | 3.01 | 2.01 |
| Other Assets | 273 | 266 | 325 | 308 | 382 | 498 | 631 | 959 | 1,021 | 899 | 949 | 1,114 |
| Inventories | 74.69 | 82.72 | 139 | 79.74 | 99.62 | 207 | 113 | 196 | 170 | 135 | 118 | 183 |
| Trade receivables | 147 | 132 | 137 | 185 | 225 | 154 | 292 | 282 | 239 | 230 | 255 | 255 |
| Cash & equivalents | 15.01 | 15.01 | 17.02 | 32.03 | 24.03 | 63.05 | 153 | 209 | 280 | 207 | 404 | 443 |
| Total Assets | 394 | 348 | 419 | 421 | 527 | 650 | 774 | 1,104 | 1,163 | 1,052 | 1,099 | 1,279 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 36.02 | 55.99 | 78.05 | 192 | 53.04 | 87.94 | 103 | 298 | 140 | 231 | 109 | 168 |
| Cash from investing activity | −6.01 | −35.11 | −12.03 | −16.04 | −55.19 | −43.12 | −21.05 | −301 | −15.05 | 44.11 | 236 | −30.09 |
| Cash from financing activity | −32.99 | −23.01 | −64.91 | −149 | −7.01 | −9.99 | −9.01 | −49.94 | −49.96 | −324 | −99.92 | −99.93 |
| Net cash flow | −3.01 | −2.01 | 2.01 | 27.08 | −8.01 | 35.07 | 74.19 | −52.09 | 75.19 | −49.09 | 244 | 39.12 |
| Capex | 3.00 | 34.75 | 13.62 | 28.22 | 36.45 | 16.45 | 0.00 | 13.44 | 5.22 | 21.31 | 6.05 | 35.04 |
| Free cash flow | 32.92 | 20.97 | 63.90 | 164 | 16.97 | 71.84 | 103 | 284 | 135 | 209 | 103 | 133 |
| CFO / OP % | 150.0% | 160.9% | 143.0% | 152.0% | 109.0% | 126.9% | 47.9% | 91.0% | 112.0% | 138.0% | 80.9% | 109.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 90 | 92 | 81 | 67 | 68 | 52 | 83 | 75 | 65 | 70 | 68 | 74 |
| Inventory days | 55 | 75 | 95 | 40 | 37 | 86 | 61 | 97 | 64 | 61 | 45 | 80 |
| Days payable | 116 | 158 | 67 | 62 | 70 | 111 | 19 | 34 | 23 | 40 | 21 | 65 |
| Cash conversion cycle | 28 | 7 | 108 | 44 | 34 | 26 | 124 | 137 | 105 | 90 | 90 | 87 |
| Working capital days | 32 | 22 | 34 | 44 | 45 | 44 | 107 | 157 | 136 | 148 | 117 | 129 |
| ROCE % | — | 18.1% | 29.1% | 58.1% | 28.1% | 25.1% | 86.1% | 57.1% | 19.1% | 24.1% | 25.1% | 24.1% |
For the Sep 2026 quarter, Bhansali Engineering Polymers reported sales of ₹403 Cr, up 23.9% year on year and net profit of ₹62.01 Cr, up 55.2% year on year. The operating margin was 19.9%.
Bhansali Engineering Polymers' sales for the year to Mar 2026 were ₹1,278 Cr; over the last twelve months they were ₹1,519 Cr.
Net profit for the year to Mar 2026 was ₹180 Cr, and ₹222 Cr over the last twelve months. Earnings per share over the same trailing period were ₹8.96.
Bhansali Engineering Polymers reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹443 Cr.
Cash from operations was ₹168 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹133 Cr.