Bhansali Engineering Polymers Ltd. (BEPL) AI Stock Analysis

Bhansali Engineering Polymers Ltd.

(NSE:BEPL)

Select Model

Rating:67Neutral

Price Target:INR 128.00▲(20.47% Upside)

Action:downgraded

Date:10/21/26

The company's fortress-like, debt-free balance sheet and consistent cash flow generation are the primary strengths supporting the score. However, the score is constrained by declining revenues, compressed operating margins, and weak short-term technical momentum. The reasonable valuation and high dividend yield provide a cushion, but a catalyst is needed to reignite growth.

Positive Factors

Debt-free balance sheetA debt-free balance sheet reduces financial risk, interest-rate sensitivity, and refinancing pressure. Strong equity support also gives BEPL greater resilience through industry cycles and preserves flexibility to fund operations, dividends, or future growth without relying heavily on external borrowing.

Negative Factors

Profitability normalizationThe decline from earlier gross and operating profit peaks shows that BEPL's earnings power has not remained at its strongest historical level. Continued normalization could limit margin expansion, reduce the pace of retained-earnings growth, and make future profitability more dependent on operating conditions.

Bhansali Engineering Polymers Ltd. (BEPL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 26.41B
Dividend Yield: 3.77%
Average Volume (3M): 114.16K
Price to Earnings (P/E): 11.9
Beta (1Y): 1.02
Revenue Growth: 14.71%
EPS Growth: 33.12%
Country: India
Employees: 509
Sector: General
Sector Strength: 55
Industry: Chemicals

Bhansali Engineering Polymers Ltd. Business Overview & Revenue Model

Company Description

Bhansali Engineering Polymers Limited (BEPL.NS) is an Indian-based petrochemical firm with operations spanning both domestic and global markets. Its core business involves the production and distribution of various polymer resins, including acrylonit...

Bhansali Engineering Polymers Ltd. Financial Statement Overview

Summary

The balance sheet is exceptional with zero debt and high equity-to-assets ratio (84.3%), earning a 96. Cash flows are solid with positive FCF and high earnings quality (78). The income statement is profitable but shows revenue decline and margin compression (62). Weighted towards the strong balance sheet and cash flows, the overall financial health is sound but growth is stagnant.

Income Statement

62Positive

Balance Sheet

96Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	15.19B	12.76B	13.98B	12.22B	13.63B	13.94B
Gross Profit	4.77B	4.28B	4.04B	3.87B	3.72B	6.39B
EBITDA	2.96B	2.56B	2.53B	2.52B	2.05B	4.82B
Net Income	2.22B	1.80B	1.80B	1.79B	1.37B	3.50B
Balance Sheet
Total Assets	12.85B	12.85B	11.04B	10.56B	11.67B	11.08B
Cash, Cash Equivalents and Short-Term Investments	2.33B	4.49B	4.04B	1.59B	2.78B	1.89B
Total Debt	0	0	0	0	0	0
Total Liabilities	1.24B	2.02B	1.02B	1.33B	990.64M	1.27B
Stockholders Equity	11.61B	10.83B	10.02B	9.23B	10.68B	9.81B
Cash Flow
Free Cash Flow	0	1.33B	1.03B	2.09B	1.35B	2.84B
Operating Cash Flow	0	1.68B	1.09B	2.30B	1.40B	2.98B
Investing Cash Flow	0	-299.15M	2.35B	451.15M	-153.20M	-3.00B
Financing Cash Flow	0	-995.43M	-995.43M	-3.24B	-497.72M	-497.72M

Bhansali Engineering Polymers Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price106.25

Price Trends

50DMA122.71Negative

100DMA115.39Negative

200DMA100.83Positive

Market Momentum

MACD-4.58Positive

RSI32.50Neutral

STOCH13.04Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BEPL, the sentiment is Negative. The current price of 106.25 is below the 20-day moving average (MA) of 118.43, below the 50-day MA of 122.71, and above the 200-day MA of 100.83, indicating a neutral trend. The MACD of -4.58 indicates Positive momentum. The RSI at 32.50 is Neutral, neither overbought nor oversold. The STOCH value of 13.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BEPL.

Bhansali Engineering Polymers Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BEPL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GULPOLY	74Outperform	INR 8.89B	6.00	―	1.05%	9.30%	425.35%
IN:BEPL	67Neutral	INR 26.44B	11.89	―	3.77%	14.71%	33.12%
IN:SPLPETRO	67Neutral	INR 127.22B	23.93	―	1.55%	20.51%	72.73%
IN:DEEPAKNTR	65Neutral	INR 207.25B	19.51	―	0.49%	25.13%	99.89%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:STYRENIX	54Neutral	INR 30.75B	12.34	―	2.63%	9.70%	25.33%
IN:CHEMPLASTS	49Neutral	INR 30.00B	-4.81	―	―	-1.22%	-97.08%

* General Sector Average

Performance Comparison

IN:BEPL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BEPL	Bhansali Engineering Polymers Ltd.	106.25	12.25	13.04%
IN:CHEMPLASTS	Chemplast Sanmar Limited	189.75	-217.55	-53.41%
IN:DEEPAKNTR	Deepak Nitrite Limited	1519.50	-208.95	-12.09%
IN:GULPOLY	Gulshan Polyols Limited	142.50	-12.49	-8.06%
IN:SPLPETRO	Supreme Petrochem Limited	676.55	-34.09	-4.80%
IN:STYRENIX	Styrenix Performance Materials Ltd	1748.85	-602.75	-25.63%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 21, 2026

Bhansali Engineering Polymers Ltd. AI Stock Analysis