Bhansali Engineering Polymers share price today

Bhansali Engineering Polymers Ltd's share price was ₹110.26 at the close on 4 November 2026. It has been rising for 20 weeks. That is 0.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹78 and ₹129, and at that close it sat 63% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Bhansali Engineering Polymers Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +766% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 16 quarters, foreign funds (FIIs) raised their stake for 3 quarters in a row and profit up on a year earlier for 4 quarters in a row.

1. Best operating margin in 16 quarters

   Operating margin was 20% in the September 2026 quarter, against 15% a year earlier.

2. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 1.1% to 1.7% of the company by the September 2026 quarter.

3. Profit up on a year earlier for 4 quarters in a row

   In the September 2026 quarter profit was ₹62 crore, +55% on a year earlier.

Bhansali Engineering Polymers paid ₹4 a share in regular dividends in the 12 months to 5 November 2026 (4 payments), a yield of 3.63% at the ₹110.26 close on 4 November 2026. The last was an interim dividend of ₹1 a share, ex-date 23 October 2026.

Bhansali Engineering Polymers dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Bhansali Engineering Polymers Ltd paid out 55% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), Bhansali Engineering Polymers reported revenue of ₹403 crore, up 24.0% from ₹325 crore a year earlier, and a profit of ₹62.0 crore, up 55.0% from ₹40.0 crore.

Bhansali Engineering Polymers results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Bhansali Engineering Polymers closed at ₹110.26 on 4 November 2026, up 14.9% from ₹96.00 a year earlier (7 November 2025) and down 8.5% over five years. Its highest weekly close since March 2016 was ₹169.25 on 23 August 2024.

Bhansali Engineering Polymers share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Bhansali Engineering Polymers closed at ₹110.26, up 3.8% on the week and down 11.0% on the month. 23 Oct 2026: ex-date for an interim dividend of ₹1 a share, record date 24 Oct 2026.

Earlier

• Our read, 10 Oct 2026: Bronze data depth limits confidence in both execution and forward earnings.
• Results for July to September 2026: Revenue up 24.0% and profit up 55.0% on a year earlier.
• 23 Jul 2026: ex-date for an interim dividend of ₹1 a share.
• 13 Jul 2026: ex-date for a dividend of ₹1 a share.
• 18 Feb 2026: ex-date for an interim dividend of ₹1 a share, record date 19 Feb 2026.

Our read of the business

Bronze data depth limits confidence in both execution and forward earnings.

Latest quarter: Sales accelerate while rounded operating margin lasts.

Our read after the latest results, written 10 October 2026.

Bhansali Engineering Polymers' management made 0 promises we could check against what it later reported.

Our read after the latest results, written 10 October 2026.

What is changing at Bhansali Engineering Polymers, from the latest results and calls: abs capacity expansion and internal funding capacity.

• ABS capacity expansion. Debottlenecking can increase saleable output once commissioning and demand are demonstrated. ⚠ estimate
• Internal funding capacity. Historical cash conversion supports the planned internal funding route. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 10 October 2026.

After expanded capacity is confirmed as commissioned, reported revenue growth accompanied by a sustained fall in operating margin below the modelled mid-cycle level would break the thesis that added capacity can produce profitable growth.

Each change stops working if

• ABS capacity expansion: Commissioning slips or customer demand fails to absorb incremental saleable output.
• Internal funding capacity: Project spending and working-capital absorption require financing beyond retained operating cash.

The main risks

• Commissioning disclosure gap: The completion deadline has passed without a completion receipt established in the reviewed sources. ⚠ estimate
• Utilisation and demand: Installed capacity may precede profitable customer demand. ⚠ estimate
• Recurring other-income dependence: The latest composition of recurring non-operating income remains unresolved. ⚠ estimate
• Inventory and supplier-credit offset: Supplier credit partly offsets a recent inventory build. ⚠ estimate

Our read after the latest results, written 10 October 2026.

When Bhansali Engineering Polymers reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: Commissioning announcement and expanded installed ABS capacity.

Bhansali Engineering Polymers is on 2 of our India lists: Multibagger study list and Dividend stocks.

Bhansali Engineering Polymers Ltd earned ₹62.0 Cr of net profit in the Sep 2026 quarter, +55.0% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹180 Cr. Over 10 years profit has grown 27.4% a year on average. That is 15.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹40.0 Cr.

For the full year, FY26 profit was ₹180 Cr (+0.0% on the year before).

Why profit moved: revenue changed +24.0% on a year earlier and the margin moved +5.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +32.7% and revenue +15.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. Sales accelerate while rounded operating margin lasts

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Bhansali Engineering Polymers Ltd reported ₹403 Cr of revenue in the Sep 2026 quarter, +24.0% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 9.2% a year on average. The last full year, FY26, came in at ₹1,276 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The Capex Inflection Point applies conditionally. Management has named the capacity increase and commissioning horizon, but the deadline passing does not establish delivery. The extra capacity is one dependent growth mechanism, not separate profits from capacity, utilisation and volume.

The last four reported quarters add to ₹1,518 Cr.

FY26 revenue was ₹1,276 Cr, −8.7% on the year before.

Recent pace: the last four quarters grew +15.8% on average, against 9.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.7%, against +7.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +32.9%, against +11.4% a year (accelerating).

FY27-Q1. Sales accelerate while rounded operating margin lasts

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Bhansali Engineering Polymers Ltd's operating margin was 20.0% in the Sep 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 4.1% and 35.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +4.5 percentage points on the year while gross margin changed +3.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY27-Q1. Sales accelerate while rounded operating margin lasts

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Over the last 3 years, 94% of Bhansali Engineering Polymers Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹168 Cr of operating cash against ₹180 Cr of profit. After ₹24.0 Cr of spending on assets, ₹144 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 94% of profit came in as cash: the cash cycle got 37 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building.

Bhansali Engineering Polymers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 86 days in FY26, down from 123 days in FY21. It spent ₹51.0 Cr on assets over the last 3 years. Customers take 73 days to pay, and stock sits for 79 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,276 Cr, each day of that cycle ties up about ₹3.5 Cr, so roughly ₹301 Cr is tied up in the business at any time.

FY26: customers took 73 days to pay and stock sat for 79 days, about 2.6 months of sales sitting as stock, for a full cycle of 86 days, shorter than FY21's 123.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 79 days. Customers pay about 73 days after that. Suppliers are paid at 65 days. Together that makes the 86-day cycle.

Spending on assets: ₹51.0 Cr over the last 3 years, against ₹27.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹31.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Bhansali Engineering Polymers Ltd's P/E is 12.4×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 14.8×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.