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Bhansali Engineering Polymers Ltd

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Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Ltd
Specialty Chemicals
FV – Rs 1; 52wks H/L –26.39/12.6 ; TTQ – 1.48 Lacs; CMP – Rs 25.35(As On October 28th 2015; 11:00) ;                                
Market Cap – Rs 420.57 Crs

Standalone Financials and Valuations for FY15 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
Long Term Debt
Total  
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
16.6 186 5 602 5.4 11 0.33 76 26.53 2.3 51.59 0.73

 

Standalone Financials and Valuations for H1 FY16


Equity Capital

Net worth

Total  
Sales
PAT
BV
(Rs)

TTM EPS (Rs)

TTM P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
16.6 195 122 5.2 11  

0.98

 

26

 

26.53

 

2.3

 

51.59

0.73

 

Valuation Parameters:

  1. Market Cap/Sales – 0.7
  2. Long Term Debt to Equity- 0.03
  3. ROE% – 2.9
  4. EV/Net Sales – 0.74

 

Overwiew:

 Bhansali Engineering Polymers Limited (BEPL) is an Indian petrochemical company. BEPL is engaged in the manufacturing of acrylonitrile butadiene styrene (ABS), which acts as a raw material for companies dealing in automobiles, home appliances, telecommunications, luggage, bus body and various other applications. BEPL manufactures and produces variety of special grades and 1,200 different colour shades meeting customer’s requirement and different applications. Its products include general ABS, super heat resistant, flame retardant ABS, PC/ABS alloys, transparent abs, extrusion ABS, styrene acrylonitrile (SAN) resins and PVC modifiers. The Company has two plants, including Abu Road Plant in Rajasthan and Satnoor Plant in Madhya Pradesh.

 

Management:

  • M. C. Gupta – Chairman
  • B. M. Bhansali – MD
  • Jayesh Bhansali – CFO

 

The Equity Capital is @ Rs 16.6  Crs consisting of 165905640 equity Shares of FV Rs 1 currently held as under

 

30.14% Of the Promoter’s Holding is Pledged.

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 MKJ Enterprises Ltd 8883152 5.35
2 Jagruti Resins Pvt Ltd 8291909 5
3 Mantu Housing Projects Ltd 8158858 4.92
4 Sarvesh Housing Projects Pvt Ltd 6626217 3.99
5 Twenty First Century Securities Ltd 5217748 3.15
6 Madanlal Ltd 5006516 3.02
7 The Right Address Ltd 3684701 2.22
8 MKJ Developers Ltd 2007400 1.21
Total 47876501 28.86

 

Standalone Financial Trends (In Rs. Crs) :

Particulars FY15 FY14 FY13 FY12 FY11
Equity Paid Up 16.6 16.6 16.6 16.6 16.6
Networth 186 191 200 211 222
Total Debt 41 57 29 55 56
Net Sales 602 508 419 415 468
Other Income 1.8 1.1 0.9 0.7 3.7
PAT 5.4 1.5 1.2 1.1 33.4
Book Value (Rs) 11 12 12 13 13
EPS (Rs) 0.33 0.09 0.07 0.07 2.01

 

 

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