Bhansali Engineering Polymers Ltd: Specialty chemical firm Bhansali Engineering Polymers has released its first-quarter earnings.
The profits of the business have increased by 6 percent compared to the year before. However, there’s been an increase of over 15 percent in revenue.
EBITDA has grown by approximately 9 percent. But margins have shown an increase compared to last year. In addition, the company also declared the first interim dividend to its shareholders.
How Were The Company’s Results?
The profit of the company has grown to 5.6 percent to Rs 53.4 crore, compared to the previous year. The previous year it was the amount of Rs 50.5 crore.
In the same period, the profit has grown by 15.4 percent to reach Rs 340 crore as compared to the previous year. In the year before the company’s revenues from the business was the sum of Rs 294.5 crore.
EBITDA has grown by 8.7 percent to Rs 61.4 crore. But, the margins have dipped to 18.1 percent, down from 19.2 percent last year.
Announcement Of Dividend
In addition to results, the company has also announced its inaugural interim dividend. The company will offer shareholders a dividend of 1 rupee per share.
The company says that the official date to pay the dividend has been set at 25 July. This dividend is due on August 2nd.
The stock experienced an abrupt decline in the last session. The closing price was 143.6 with a drop in the range of 4.5 percent. The stock has posted an increase of 49 percent during a month.
The stock on July 5 surpassed the 157 mark, but before June 15, the stock was stagnant for the whole year. Annual returns of the stock are only 54 percent.
Bhansali Engg Polymers Stock Performance
| Current Price | ₹ 144 |
| 52-wk High | ₹ 164 |
| 52-wk Low | ₹ 81.6 |
| 5 Days Return | -10.59% |
| 1 Month Return | 39.41% |
Key Fundamentals Parameters
| Market Cap | ₹ 3,580 Cr. |
| Stock P/E | 19.9 |
| Book Value | ₹ 37.0 |
| Dividend | 2.78 % |
| ROCE | 24.4 % |
| ROE | 18.1 % |
| Face Value | ₹ 1.00 |
| P/B Value | 3.89 |
| OPM | 17.4 % |
| EPS | ₹ 7.22 |
| Debt | ₹ 0.00 Cr. |
| Debt to Equity | 0.00 |
Bhansali Engg Polymers Shareholding Pattern
| Promoters Holding | |
| June 2023 | 57.48% |
| Sept 2023 | 57.48% |
| Dec 2023 | 57.48% |
| Mar 2024 | 57.48% |
| June 2024 | 57.48% |
| FII Holding | |
| June 2023 | 1.03% |
| Sept 2023 | 0.95% |
| Dec 2023 | 1.13% |
| Mar 2024 | 1.12% |
| June 2024 | 2.09% |
| DII Holding | |
| June 2023 | 0.00% |
| Sept 2023 | 0.04% |
| Dec 2023 | 0.05% |
| Mar 2024 | 0.06% |
| June 2024 | 0.07% |
| Public Holding | |
| June 2023 | 41.51% |
| Sept 2023 | 41.54% |
| Dec 2023 | 41.35% |
| Mar 2024 | 41.35% |
| June 2024 | 40.36% |
Bhansali Engg Polymers Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 1,104 Cr |
| 2021 | ₹ 1,292 Cr |
| 2022 | ₹ 1,394 Cr |
| 2023 | ₹ 1,363 Cr |
| 2024 | ₹ 1,222 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 67 Cr |
| 2021 | ₹ 333 Cr |
| 2022 | ₹ 349 Cr |
| 2023 | ₹ 136 Cr |
| 2024 | ₹ 180 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).
If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
