Mehabe score: 6 G Factor: 6 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 6 and Piotski score of 8.
Description
Bhansali Engineering Polymers Ltd is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market.
Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.Site:BEPLMain Symbol:BEPL
Stock trades at 205.0, above its 50dma 182.24. It also trades above its 200dma 158.45. The stock remains bullish on techicals
The 52 week high is at 209.50 and the 52week low is at 77.15
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 83.18% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 39.77%
Weakness
– Debtor days have increased from 66.55 to 82.14 days.
Competition
– The industry trades at a mean P/E of 8.9x. DCW trades at the industry’s max P/E of 77.57x. BEPL trades at a P/E of 8.22x
– Industry’s mean G-Factor is 6.1 while the mean Piotski score is 9.0. BEPL has a G-Factor of 6 and Piotski scoreof 8.
– Average 1 month return for industry is 17.0%. The max 1- month return was given by DCW: a return of 48.34 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 375.0 cr compared to Rs 308.0 cr for period ended Sep 2020, a rise of 21.8%
Operating Profits reported at Rs 164.0 cr for period ended Sep 2021 vis-vis 46.0 for period ended Sep 2020 .
Operating Margins expanded 2879.8 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 7.45 compared to Rs 4.66 for previous quarter ended Jun 2021 and Rs 2.14 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 1491.0 cr for period ended TTM vis-vis sales of Rs 1292.0 cr for the period ended Mar 2021, a healthy growth of 13.3%. The 3 year sales cagr stood at 6.8%.
Operating margins expanded to 45.0% for period ended TTM vis-vis 35.0% for period ended Mar 2021, expansion of 1000.0 bps.
Net Profit reported at Rs 501.0 cr for period ended TTM vis-vis sales of Rs 334.0 cr for the period ended Mar 2021, rising 33.3%.
Company recorded a healthy Net Profit CAGR of 120.1% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 64.0% compared to 40.0% over the last 3 Years. – The stock has given a return of 131% on a 1 Year basis vis-vis a return of 16% over the last 3 Years. – The compounded sales growth on a TTM bassis is 60% vis-vis a compounded sales growth of 8% over the last 3 Years. – The compounded profit growth on a TTM basis is 845% vis-vis a compounded profit growth of 49% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Sep 2021 fii holding stood at 1.88% vis-vis 2.55% for Jun 2021 – Public shareholding has remained largely constant. The Sep 2021 public holding stood at 41.65% vis-vis 40.98% for Jun 2021
Conclusion
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 83.18% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 39.77% – Debtor days have increased from 66.55 to 82.14 days.
