NSEI:BEPL

Stock Analysis Report

Bhansali Engineering Polymers

Executive Summary

Bhansali Engineering Polymers Limited operates as an integrated petrochemical company in India and internationally.

Snowflake

Fundamentals

Flawless balance sheet unattractive dividend payer.


Similar Companies

Share Price & News

How has Bhansali Engineering Polymers's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.6%

BEPL

1.2%

IN Chemicals

1.4%

IN Market


1 Year Return

-62.9%

BEPL

14.4%

IN Chemicals

2.3%

IN Market

Return vs Industry: BEPL underperformed the Indian Chemicals industry which returned 14.4% over the past year.

Return vs Market: BEPL underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

BEPLIndustryMarket
7 Day-4.6%1.2%1.4%
30 Day-25.9%6.0%2.7%
90 Day-26.3%8.0%-1.4%
1 Year-62.6%-62.9%15.7%14.4%4.3%2.3%
3 Year103.9%101.2%34.0%29.8%20.9%14.9%
5 Year243.3%234.9%125.1%112.3%41.2%28.2%

Price Volatility Vs. Market

How volatile is Bhansali Engineering Polymers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bhansali Engineering Polymers undervalued compared to its fair value and its price relative to the market?

17.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BEPL (₹49.9) is trading above our estimate of fair value (₹8.67)

Significantly Undervalued: BEPL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BEPL is poor value based on its PE Ratio (17.3x) compared to the Chemicals industry average (10.5x).

PE vs Market: BEPL is poor value based on its PE Ratio (17.3x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate BEPL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BEPL is overvalued based on its PB Ratio (2.7x) compared to the IN Chemicals industry average (1.1x).


Next Steps

Future Growth

How is Bhansali Engineering Polymers forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEPL's forecast earnings growth (6.9% per year) is below the savings rate (7.6%).

Earnings vs Market: BEPL's earnings (6.9% per year) are forecast to grow slower than the Indian market (18.1% per year).

High Growth Earnings: BEPL's earnings are forecast to grow, but not significantly.

Revenue vs Market: BEPL's revenue (13.5% per year) is forecast to grow faster than the Indian market (11.4% per year).

High Growth Revenue: BEPL's revenue (13.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BEPL's Return on Equity is forecast to be low in 3 years time (17%).


Next Steps

Past Performance

How has Bhansali Engineering Polymers performed over the past 5 years?

72.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BEPL's earnings have grown significantly by 72.2% per year over the past 5 years.

Accelerating Growth: BEPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BEPL had negative earnings growth (-52.8%) over the past year, making it difficult to compare to the Chemicals industry average (9.9%).


Return on Equity

High ROE: BEPL's Return on Equity (15.8%) is considered low.


Return on Assets

ROA vs Industry: BEPL's Return on Assets is below or equal to the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: BEPL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bhansali Engineering Polymers's financial position?


Financial Position Analysis

Short Term Liabilities: BEPL's short term assets (₹3.8B) exceeds its short term liabilities (₹2.0B)

Long Term Liabilities: BEPL's short term assets (3.8B) exceeds its long term liabilities (271.1M)


Debt to Equity History and Analysis

Debt Level: BEPL is debt free.

Reducing Debt: BEPL has no debt compared to 5 years ago when its debt to equity ratio was 30.7%.

Debt Coverage: BEPL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BEPL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: BEPL has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BEPL's debt is covered by short term assets.


Next Steps

Dividend

What is Bhansali Engineering Polymers's current dividend yield, its reliability and sustainability?

1.02%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%0.6%markettop25%2.5%industryaverage0.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BEPL's dividend (1.02%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: BEPL's dividend (1.02%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).

Stable Dividend: Whilst dividend payments have been stable, BEPL has been paying a dividend for less than 10 years.

Growing Dividend: BEPL's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.6%), BEPL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Bhansali Engineering Polymers's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Babulal Bhansali (65yo)

0yrs

Tenure

₹38,649,000

Compensation

Mr. Babulal Mishrimal Bhansali serves as the Promoter and Managing Director of Bhansali Engineering Polymers Limited and has been its Executive Director since August 9, 1984. Mr. Bhansali has been a Direct ...


CEO Compensation Analysis

Compensation vs. Market: Babulal's total compensation ($USD540.66K) is about average for companies of similar size in the Indian market ($USD27.28K).

Compensation vs Earnings: Babulal's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: BEPL's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

13.1yrs

Average Tenure

65.5yo

Average Age

Experienced Board: BEPL's board of directors are seasoned and experienced ( 13.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Babulal Bhansali (65yo)

    MD, Executive Director & Promoter

    • Tenure: 0yrs
    • Compensation: ₹38.65m
  • Kiran Bhansali (43yo)

    President of Operations

    • Tenure: 15.8yrs
    • Compensation: ₹1.95m
  • Jayesh Bhansali (36yo)

    CFO, Executive Director & Promoter

    • Tenure: 13.1yrs
    • Compensation: ₹38.65m
  • Kenji Asakawa (73yo)

    Executive Director of Technical

    • Tenure: 15.9yrs
  • Satendra Pal (60yo)

    Senior Vice President of Marketing

    • Tenure: 0yrs
  • Jung Cho (42yo)

    Vice President of Marketing

    • Tenure: 2.1yrs
  • Ashwin Patel

    Company Secretary

    • Tenure: 0.9yrs
    • Compensation: ₹4.50m

Board Members

  • Bakhtiar Bhesania (86yo)

    Independent Director

    • Tenure: 16.4yrs
    • Compensation: ₹280.00k
  • Munish Gupta (81yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹330.00k
  • Babulal Bhansali (65yo)

    MD, Executive Director & Promoter

    • Tenure: 0yrs
    • Compensation: ₹38.65m
  • Jayesh Bhansali (36yo)

    CFO, Executive Director & Promoter

    • Tenure: 13.1yrs
    • Compensation: ₹38.65m
  • Dilip Kumar (66yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: ₹230.00k
  • Jasmine Batliwalla (65yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: ₹110.00k

Company Information

Bhansali Engineering Polymers Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bhansali Engineering Polymers Limited
  • Ticker: BEPL
  • Exchange: NSEI
  • Founded: 1984
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹8.279b
  • Shares outstanding: 165.91m
  • Website: https://www.bhansaliabs.com

Number of Employees


Location

  • Bhansali Engineering Polymers Limited
  • Peninsula Heights
  • 401, 4th Floor
  • Mumbai
  • Maharashtra
  • 400058
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500052BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2004
BEPLNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2004

Biography

Bhansali Engineering Polymers Limited operates as an integrated petrochemical company in India and internationally. It manufactures and sells acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:53
End of Day Share Price2019/10/15 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.