Bhansali Engineering Polymers Ltd. (BEPL) AI Stock Analysis

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Bhansali Engineering Polymers Ltd.

(NSE:BEPL)

Select Model

Rating:71Outperform

Price Target:INR 130.00▲(14.74% Upside)

Action:reiterated

Date:10/21/26

The score is driven primarily by strong financial quality (debt-free balance sheet, stable profitability, and solid free cash flow). This is partially offset by weak near-term technical momentum (price below key short-term moving averages and low RSI) despite a still-supportive longer-term trend. Valuation is a secondary positive, with a moderate P/E and a strong dividend yield.

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 28.22B
Dividend Yield: 3.53%
Average Volume (3M): 101.67K
Price to Earnings (P/E): 12.7
Beta (1Y): 0.89
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

Strong overall financial quality supported by a debt-free balance sheet (low financial risk), solid ongoing profitability with net income holding near ~1.8B over the last three annual periods, and generally robust free cash flow with strong conversion to net income. Key offsets are post-peak margin normalization since FY2022, uneven revenue/cash-flow trajectory, and a modest revenue decline in the latest year (FY2026: -3.6%).

Income Statement

68Positive

Balance Sheet

90Very Positive

Cash Flow

76Positive

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 SentimentPositive

Last Price113.30

Price Trends

50DMA120.75Negative

100DMA116.41Negative

200DMA101.76Positive

Market Momentum

MACD-3.21Negative

RSI47.86Neutral

STOCH76.05Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BEPL, the sentiment is Positive. The current price of 113.30 is above the 20-day moving average (MA) of 113.28, below the 50-day MA of 120.75, and above the 200-day MA of 101.76, indicating a neutral trend. The MACD of -3.21 indicates Negative momentum. The RSI at 47.86 is Neutral, neither overbought nor oversold. The STOCH value of 76.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 10.27B	7.16	―	0.88%	9.30%	425.35%
IN:BEPL	71Outperform	INR 27.54B	12.71	―	3.53%	14.71%	33.12%
IN:SPLPETRO	67Neutral	INR 126.84B	24.88	―	1.48%	20.51%	72.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DEEPAKNTR	54Neutral	INR 210.17B	20.40	―	0.47%	25.13%	99.89%
IN:STYRENIX	54Neutral	INR 32.76B	13.03	―	2.47%	9.70%	25.33%
IN:CHEMPLASTS	48Neutral	INR 37.80B	-6.44	―	―	4.54%	-58.33%

* 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.	113.30	21.28	23.12%
IN:CHEMPLASTS	Chemplast Sanmar Limited	235.95	-109.45	-31.69%
IN:DEEPAKNTR	Deepak Nitrite Limited	1589.05	-124.92	-7.29%
IN:GULPOLY	Gulshan Polyols Limited	169.45	19.77	13.21%
IN:SPLPETRO	Supreme Petrochem Limited	705.50	59.52	9.21%
IN:STYRENIX	Styrenix Performance Materials Ltd	1856.80	-422.77	-18.55%

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