Bhansali Engineering Polymers Ltd (BEPL) is engaged in the 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. The company was incorporated on April 9, 1984, under the name Bhansali Steels, commenced business on May 16, 1984, and changed its name to Bhansali Engineering Polymers on January 4, 1986, by setting up a project for the manufacture of acrylonitrile butadiene styrene (ABS) resins.
The company operates as a specialized engineering thermoplastics manufacturer, focusing on producing high-quality polymer resins that serve as essential raw materials for various industries. BEPL manufactures and sells acrylonitrile butadiene styrene (ABS) and styrene acrylate (SAN) resins. It is presently having manufacturing facilities at Abu Road, Rajasthan, and Satnoor, Madhya Pradesh.
The company manufactures ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) resins. ABS is used to make light, rigid, molded products such as pipe, automotive body parts, wheel covers, enclosures, and protective headgear. SAN is a plastic copolymer with thermal and chemical resistant properties, with uses including housewares and consumer goods, various compounded products, packaging, and appliances (electrical and electronic).
Its products include general-purpose, heat-resistant, flame-retardant, and extrusion ABS resins for automotive, home appliances, stationery and toys, kitchenware, packaging, electronics, healthcare, and electrical, as well as construction applications. The company's diverse product range caters to multiple end-use industries, making it a crucial supplier in the polymer value chain.
Based on the latest financial results, the Net profit of Bhansali Engineering Polymers declined 2.28% to ₹39.50 crore in the quarter ended March 2025, as against ₹40.42 crore during the previous quarter ended March 2024. Sales rose 7.40% to ₹344.94 crore in the quarter ended March 2025, as against ₹321.18 crore during the previous quarter ended March 2024. For the full year, net profit rose 0.36% to ₹180.02 crore in the year ended March 2025, as against ₹179.37 crore during the previous year ended March 2024.
In the third quarter of fiscal year 2025 (Q3FY25), Bhansali Engineering Polymers Ltd reported a total income of ₹352.57 crores. This marks a decrease of 6.8% from the previous quarter (Q2FY25), where the total income was ₹378.11 crores. However, when compared to the same quarter in the previous year (Q3FY24), there is a 17.0% increase in total income, which was ₹301.34 crores.
• Revenue for Q4 FY25: ₹344.94 crores
• Net profit for Q4 FY25: ₹39.50 crores
• Full year FY25 net profit: ₹180.02 crores
• Full year FY25 revenue: ₹1,374 crores
• Market Capitalization: ₹2,879 Crore (as of July 2025)
• PE Ratio (May 29, 2025): 15.58
• PB Ratio (May 29, 2025): 0.36
• Current Dividend Yield: 3.55%
• 3 Years ROE: 16.6%
• Promoter Holding: 57.5%
The company is almost debt-free and has a good return on equity (ROE) track record: 3 Years ROE 16.6%. The company has been maintaining a healthy dividend payout of 106%. The company's stock is listed on both NSE and BSE.
The company has consistently rewarded shareholders through regular dividend payments. Bhansali Engineering Polymers announced that the Board of Directors of the Company at its meeting held on April 26, 2025, inter alia, recommended a final dividend of ₹1 per equity Share (i.e. 100%), subject to the approval of the shareholders. Additionally, the Board of Directors at its meeting held on October 21, 2024, inter alia, recommended an interim dividend of ₹1 per equity Share (i.e. 100%), subject to the approval of the shareholders.
The company is actively pursuing expansion to strengthen its market position. India's Bhansali Engineering Polymers Ltd (BEPL) plans to nearly double acrylonitrile butadiene styrene (ABS) capacity in the Rajasthan state to 145,000 tonnes/year in about two years. The company signed an agreement with Toyo Engineering on the expansion from the current production capacity of 75,000 tonnes/year at Abu Road. The expanded capacity is expected to come on stream by March 2026.
While BEPL has received government clearance for expanding its ABS capacity to 200,000 tonnes/year, it will initially expand capacity to 145,000 tonnes/year. The company has also got clearance to increase its styrene acrylonitrile (SAN) capacity at its Abu Road complex to 25,000 tonnes/year, more than triple its current annual capacity of 7,000 tonnes/year.
BEPL has been promoted by B. M. Bhansali and P. R. Bhansali in association with the Madhya Pradesh Audyogik Vikas Nigam (MPAVN), an industrial development corporation of the state government of Madhya Pradesh. Anand Swarup Gupta is the Chairman and B. M. Bhansali is the Managing Director of the company.
The company maintains a debt-free status and continues to focus on operational excellence while expanding its production capabilities to meet growing demand in the engineering polymers sector. With strong fundamentals, consistent dividend payouts, and strategic expansion plans, Bhansali Engineering Polymers remains well-positioned in India's specialty chemicals and polymers market.
