# Bhansali Engineering Polymers share price today (Bhansali Engineering Polymers Ltd, NSE: BEPL)

> Bhansali Engineering Polymers share price today: ₹110.26 at the NSE close on 4 November 2026, up 14.9% in a year. Bhansali Engineering Polymers (NSE: BEPL) is worth ₹2,747 crore, trades at a P/E of 12.4 and has closed between ₹78.27 and ₹129.10 over the past 52 weeks. > Bhansali Engineering Polymers Ltd's results are improving, while its P/E is near the low end of its own history over 10 years, higher than only 31% of past readings. BEPL · Petrochem - Polymers · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/bhansali-engineering-polymers-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹110.26 (+14.9% in a year)
- P/E: 12.4× (lower than 69% of the last 10 years)
- Revenue (Sep 2026): ₹403 Cr (+24.0% on a year ago)
- Profit (Sep 2026): ₹62.0 Cr (+55.0% on a year ago)
- Operating margin: 20.0% (+5.0 points on a year ago)
- ROCE: 24%, FY26
- ROIC: 23.9%, against a 12.0% cost of capital: +11.9 points

Biggest thing to watch: the price has already been rising for 20 weeks, so timing is the risk more than the business. ## What is the 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. 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. ## What changed at Bhansali Engineering Polymers this quarter? 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. ## What dividend does Bhansali Engineering Polymers pay? 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 23 Oct 2026 | ₹1 | Interim | 24 Oct 2026 |
| 23 Jul 2026 | ₹1 | Interim | same day |
| 13 Jul 2026 | ₹1 | Dividend | same day |
| 18 Feb 2026 | ₹1 | Interim | 19 Feb 2026 |
| 4 Nov 2025 | ₹1 | Interim | 5 Nov 2025 |
| 12 Sep 2025 | ₹1 | Dividend | same day |
| 20 Aug 2025 | ₹1 | Interim | same day |
| 22 Jan 2025 | ₹1 | Interim | same day |
| 31 Oct 2024 | ₹1 | Interim | same day |
| 25 Jul 2024 | ₹1 | Interim | same day |
| 21 Jun 2024 | ₹1 | Dividend | n/a |
| 7 Feb 2024 | ₹1 | Interim | same day |
| 2 Nov 2023 | ₹1 | Interim | same day |
| 25 Jul 2023 | ₹1 | Dividend | n/a |
| 9 Jun 2023 | ₹15 | Dividend + Special | n/a |
| 27 Oct 2022 | ₹1 | Interim | 28 Oct 2022 |
| 27 Jul 2022 | ₹1 | Interim | 28 Jul 2022 |
| 21 Jun 2022 | ₹1 | Dividend | 22 Jun 2022 |
| 27 Jan 2022 | ₹1 | Interim | 28 Jan 2022 |
| 21 Oct 2021 | ₹1 | Interim | 23 Oct 2021 |
| 22 Jun 2021 | ₹1 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What are Bhansali Engineering Polymers' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹403 crore | ₹325 crore | +24.0% |
| Profit | ₹62.0 crore | ₹40.0 crore | +55.0% |
| Earnings per share | ₹2.51 | ₹1.63 | +54.0% |
| Operating margin | 20.0% | 15.0% | +5.0 points |

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.)

## What is the Bhansali Engineering Polymers share price history? 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹106.25 | +3.8% |
| 1 month ago · 1 Oct 2026 | ₹123.85 | −11.0% |
| 6 months ago · 8 May 2026 | ₹97.35 | +13.3% |
| 1 year ago · 7 Nov 2025 | ₹96.00 | +14.9% |
| 3 years ago · 3 Nov 2023 | ₹87.80 | +25.6% |
| 5 years ago · 4 Nov 2021 | ₹120.47 | −8.5% |
| 10 years ago · 4 Nov 2016 | ₹16.03 | +587.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹12.73 | +766.1% |
| Highest weekly close since March 2016 · 23 Aug 2024 | ₹169.25 | −34.9% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹12.00 | +818.8% |
| 52-week high (weekly close) · 18 Sep 2026 | ₹129.10 | −14.6% |
| 52-week low (weekly close) · 6 Mar 2026 | ₹78.27 | +40.9% |

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.)

## What is the latest news on Bhansali Engineering Polymers? 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.)

## What did Bhansali Engineering Polymers management say on the latest results call? 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 the future of Bhansali Engineering Polymers? What is changing in the business? 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.)

## What could change the Bhansali Engineering Polymers story? What are the risks? 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.)

## What to watch in Bhansali Engineering Polymers' next results? 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. | What to check | Why |
| --- | --- |
| Commissioning announcement and expanded installed ABS capacity. | Commissioning disclosure gap |
| Operating margin below the mid-cycle benchmark while capacity or sales rises. | Margin normalization |
| Expanded capacity without corresponding saleable output and operating-profit growth. | Utilisation and demand |
| Other income declining before expanded capacity produces operating earnings. | Recurring other-income dependence |
| Inventory remaining elevated while supplier-credit days normalize. | Inventory and supplier-credit offset |

## Which stock lists is Bhansali Engineering Polymers on? Bhansali Engineering Polymers is on 2 of our India lists: Multibagger study list and Dividend stocks. - [Multibagger study list Study stage: middle](https://www.sectoralpha.in/multibagger-stocks-india)
- [Dividend stocks Regular dividend yield (%): 3.63](https://www.sectoralpha.in/dividend-stocks-india)

## Is Bhansali Engineering Polymers profitable? 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. 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. ## How much revenue does Bhansali Engineering Polymers make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Bhansali Engineering Polymers keep? 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. 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. ## Is Bhansali Engineering Polymers' profit turning into cash? 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. 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. ## Where does Bhansali Engineering Polymers' cash go? 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. 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. ## What is Bhansali Engineering Polymers' P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved +0.1% while the price moved +14.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −1.8% a year; about −14.9% a year came from earnings growth and about +13.1 percentage points from the multiple (the market paying more); over 10 years the price moved +21.3% a year; about +30.0% a year came from earnings growth and about −8.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Bhansali Engineering Polymers share price assume? Worked out from its price on 11 October 2026, Bhansali Engineering Polymers Ltd's share price assumed profit growth of about 6.7% a year. Over the past 10 years its profit actually grew 27.4% a year. Today its P/E is 12.4×, lower than 69% of its own last 10 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Bhansali Engineering Polymers business getting better or worse? Bhansali Engineering Polymers Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 27.5%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Bhansali Engineering Polymers story, and has it been checked? Bhansali Engineering Polymers Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Our read, 10 October 2026. From the numbers. The separate pe cycle current object is null, so the matrix label is taken from the supplied current weekly pe pb cycle snapshot. From the price. Price stage 2, week 20, below its 200-day line, relative strength falling. From the research. Where they disagree. The separate pe cycle current object is null, so the matrix label is taken from the supplied current weekly pe pb cycle snapshot. The weekly matrix's opportunity label is a screening classification, not evidence that expanded capacity is commissioned or that earnings are durable. The price curve is at stage 2. What is proven. What is not proven yet. 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. What would change our mind. 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. The test written in advance. 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. Measured by: the thesis as written as stated by the next result. The test written in advance. Commissioning disclosure gap. Measured by: Commissioning disclosure gap Commissioning announcement and expanded installed ABS capacity. by the next result. The test written in advance. Margin normalization. Measured by: Margin normalization Operating margin below the mid-cycle benchmark while capacity or sales rises. by the next result. What the company does. The latest quarter shows revenue growth with an unchanged rounded operating margin, rather than a margin-led earnings spike. The expansion promise now needs a commissioning receipt; the later utilisation goal makes the earnings contribution gradual. Bronze data depth limits confidence in both execution and forward earnings. What the surface reading misses. The surface reading is: The latest quarter appears to establish accelerating earnings. The research reads it further: Revenue growth and higher operating profit accompany an unchanged rounded operating margin. Profit growth is slower than sales growth, so the print is not explained by margin expansion. Manufacturing-volume and trading contributions remain unverified. What the surface reading misses. The surface reading is: Profit growth suggests business acceleration. The research reads it further: Sales declined slightly while operating profit increased; the dominant operating leg was margin recovery rather than sales growth. Lever 6 · Order-book wins: building. Debottlenecking can increase saleable output once commissioning and demand are demonstrated. What proves it keeps working: ABS capacity expansion. It stops working if Commissioning slips or customer demand fails to absorb incremental saleable output. Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes. ## How much does Bhansali Engineering Polymers earn on its capital? Bhansali Engineering Polymers Ltd earned a ROCE of 24% in FY26. That is up from a low of 18% in FY16. Its return on capital used (ROIC) is 11.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.1% net margin and 0.99× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.1% net margin × 0.99× asset turnover × 1.19× leverage (assets divided by equity) ≈ 16.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 23.9% − 12.0% = +11.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 23.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 22.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Bhansali Engineering Polymers have too much debt? Bhansali Engineering Polymers Ltd had ₹0.0 Cr of borrowings against ₹1,083 Cr of equity in FY26, so its debt is 0.00× its equity. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr. Over the last 3 of those years it spent ₹51.0 Cr on assets. Why this happened. The Self-Funded Growth Engine applies to the funding mechanism. Historical operating cash broadly tracked profit, and management plans internal funding. Cash consumed by construction and incremental inventories must still be measured before the project can be called self-financed in delivery. The spending on assets is being paid for from cash, not new debt. ## What is the Bhansali Engineering Polymers shareholding pattern? No group of Bhansali Engineering Polymers Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.1 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.1 points over 8 quarters, to 1.7%; Domestic institutions: −0.1 points over 8 quarters, to 0.0%; Promoters: +0.0 points over 8 quarters, to 57.5%. ## How far is Bhansali Engineering Polymers from balance-sheet trouble? For Bhansali Engineering Polymers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Bhansali Engineering Polymers rank in its industry? 72.7 out of 100, rank 1 of 7 in Petrochem - Polymers, with 93% of the evidence available. Bhansali Engineering Polymers Ltd scores 72.7 out of 100 against the 7 companies it is compared with in Petrochem - Polymers, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 27.1 + 20.6 + 11.2 + 13.8 = 72.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Bhansali Engineering Polymers compared with? Bhansali Engineering Polymers ranks 1 of 7 Petrochem - Polymers companies on the 4-Factor Sector Score, with 72.7 out of 100. 1. Bhansali Engineering Polymers Ltd this page BEPL · losing its lead · Most evidence points up · 93% evidence 72.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 14.7% · Profit 32.9% · Operating margin change 5 points · 100% evidence Capital efficiency 20.6/25 · ROCE 23.8% · Operating margin 20% · 100% evidence Valuation 11.2/20 · P/E 11.9× · PEG 0.99 · 65% evidence Relative strength 13.8/20 · Lead over its industry 11.9% · Lead over NIFTY 500 10.6% · 1 year 7.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.1 + 20.6 + 11.2 + 13.8 = 72.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Supreme Petrochem Ltd](https://www.sectoralpha.in/stocks/supreme-petrochem-ltd) SPLPETRO · losing its lead · Most evidence points up · 100% evidence 72.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 19.7% · Profit 72.3% · Operating margin change 1 points · 100% evidence Capital efficiency 17.6/25 · ROCE 18.8% · Operating margin 8% · 100% evidence Valuation 12.1/20 · P/E 23.8× · PEG 0.82 · 100% evidence Relative strength 13.6/20 · Lead over its industry 2.5% · Lead over NIFTY 500 1.6% · 1 year -9.6% · 100% evidence · 7 of 12 weeks ahead Exact sum: 28.9 + 17.6 + 12.1 + 13.6 = 72.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Manali Petrochemicals Ltd](https://www.sectoralpha.in/stocks/manali-petrochemicals-ltd) MANALIPETC · breaking out · Most evidence points up · 89% evidence 67.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 19.3% · Profit 100% · Operating margin change 20 points · 88% evidence Capital efficiency 11.3/25 · ROCE 7.3% · Operating margin 30% · 100% evidence Valuation 6.7/20 · P/E 9.9× · PEG 2.6 · 65% evidence Relative strength 19.2/20 · Lead over its industry 14.6% · Lead over NIFTY 500 13% · 1 year -7.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.4 + 11.3 + 6.7 + 19.2 = 67.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Styrenix Performance Materials Ltd](https://www.sectoralpha.in/stocks/styrenix-performance-materials-ltd) STYRENIX · quiet · Evidence leans up · 85% evidence 54.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 9.7% · Profit 25% · Operating margin change -4 points · 100% evidence Capital efficiency 12.6/25 · ROCE 13.8% · Operating margin 7% · 100% evidence Valuation 18.2/20 · P/E 12.2× · PEG 0.6 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -12.3% · 1 year -25.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.1 + 12.6 + 18.2 + 8 = 54.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Kothari Petrochemicals Ltd](https://www.sectoralpha.in/stocks/kothari-petrochemicals-ltd) KOTHARIPET · quiet · Evidence leans down · 96% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.8/35 · Revenue -3% · Profit 12.5% · Operating margin change 1 points · 88% evidence Capital efficiency 19.6/25 · ROCE 28.6% · Operating margin 15% · 100% evidence Valuation 16.5/20 · P/E 8.9× · PEG 0.96 · 100% evidence Relative strength 4.0/20 · Lead over its industry -8.8% · Lead over NIFTY 500 -9.3% · 1 year -23.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 9.8 + 19.6 + 16.5 + 4 = 49.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [NOCIL Ltd](https://www.sectoralpha.in/stocks/nocil-ltd) NOCIL · quiet · Most evidence points down · 100% evidence 34.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.3/35 · Revenue 12.2% · Profit 23.8% · Operating margin change 1 points · 100% evidence Capital efficiency 6.4/25 · ROCE 3.9% · Operating margin 8% · 100% evidence Valuation 7.6/20 · P/E 28.1× · PEG 0.97 · 100% evidence Relative strength 3.0/20 · Lead over its industry -10.8% · Lead over NIFTY 500 -11.5% · 1 year -25.9% · 100% evidence · 4 of 12 weeks ahead Exact sum: 17.3 + 6.4 + 7.6 + 3 = 34.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Chemplast Sanmar Ltd](https://www.sectoralpha.in/stocks/chemplast-sanmar-ltd) CHEMPLASTS · turning · Most evidence points down · 68% evidence 23.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.8/35 · Revenue -1.2% · Profit -80% · Operating margin change -11.6 points · 65% evidence Capital efficiency 0.6/25 · ROCE 0.3% · Operating margin -10% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 6.0/20 · Lead over its industry -15.1% · Lead over NIFTY 500 -14.8% · 1 year -52.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 6.8 + 0.6 + 10 + 6 = 23.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Petrochem - Polymers](https://www.sectoralpha.in/sectors/petrochem-polymers), all 7 compared on one page. ## Which companies are close to Bhansali Engineering Polymers in size? Bhansali Engineering Polymers is the 4th largest of 7 Petrochem - Polymers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Supreme Petrochem, Styrenix Performance Materials and Chemplast Sanmar. Just below it: NOCIL, Manali Petrochemicals and Kothari Petrochemicals. ### Petrochem - Polymers companies close in size

1. [Supreme Petrochem Ltd](https://www.sectoralpha.in/stocks/supreme-petrochem-ltd) ₹12,755 crore
2. [Styrenix Performance Materials Ltd](https://www.sectoralpha.in/stocks/styrenix-performance-materials-ltd) ₹3,087 crore
3. [Chemplast Sanmar Ltd](https://www.sectoralpha.in/stocks/chemplast-sanmar-ltd) ₹3,000 crore
4. Bhansali Engineering Polymers Ltd ₹2,641 crore
5. [NOCIL Ltd](https://www.sectoralpha.in/stocks/nocil-ltd) ₹2,290 crore
6. [Manali Petrochemicals Ltd](https://www.sectoralpha.in/stocks/manali-petrochemicals-ltd) ₹1,176 crore
7. [Kothari Petrochemicals Ltd](https://www.sectoralpha.in/stocks/kothari-petrochemicals-ltd) ₹642 crore

[All 7 Petrochem - Polymers companies, largest first](https://www.sectoralpha.in/sectors/petrochem-polymers#all-companies)

### Companies close in size in other industries

1. [Balmer Lawrie & Company Ltd](https://www.sectoralpha.in/stocks/balmer-lawrie-company-ltd) ₹2,657 crore · Diversified
2. [Lumino Industries Ltd](https://www.sectoralpha.in/stocks/lumino-industries-ltd) ₹2,644 crore
3. Bhansali Engineering Polymers Ltd ₹2,641 crore
4. [Kewal Kiran Clothing Ltd](https://www.sectoralpha.in/stocks/kewal-kiran-clothing-ltd) ₹2,639 crore · Textiles - Readymade Apparel
5. [Satin Creditcare Network Ltd](https://www.sectoralpha.in/stocks/satin-creditcare-network-ltd) ₹2,639 crore · Finance & Investments - Microfinance

## What else do people ask about Bhansali Engineering Polymers? ### What is Bhansali Engineering Polymers's share price today? Bhansali Engineering Polymers Ltd's share price is ₹110.26, +14.9% over the past year. The whole company is worth ₹2,747 Cr on the market. In the last 52 weeks it traded between ₹78 to ₹129; today it is 63% of the way up from the low, 0.2% above its 200-day average (as of 4 November 2026). ### What were Bhansali Engineering Polymers's latest quarterly results? Bhansali Engineering Polymers Ltd reported revenue of ₹403 Cr and net profit of ₹62.0 Cr for the Sep 2026 quarter. Revenue rose 24.0% and profit rose 55.0% compared with a year earlier. Earnings per share were ₹2.51. The operating margin was 20.0%, 5.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Bhansali Engineering Polymers's market cap? Bhansali Engineering Polymers Ltd's market capitalisation is ₹2,747 Cr at a share price of ₹110.26. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Bhansali Engineering Polymers performing? Bhansali Engineering Polymers Ltd's share price has been rising for 20 weeks. In its latest quarter, revenue rose 24.0% and profit rose 55.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 4 November 2026). ### Will Bhansali Engineering Polymers's share price go up? This page does not forecast Bhansali Engineering Polymers Ltd's share price. What it shows instead: the share price is ₹110.26, and it has been rising for 20 weeks. Its P/E of 12.4× is higher than 31% of its own last 10 years (as of 4 November 2026). ### Who owns Bhansali Engineering Polymers? Promoters own 57.5% of Bhansali Engineering Polymers Ltd, foreign institutions 1.7%, domestic institutions 0.0% and the public 40.8% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 4 November 2026). ### Where is Bhansali Engineering Polymers in its business cycle? Bhansali Engineering Polymers Ltd's FY26 operating margin was 17.0%, against a 12-year range of 4.1% to 35.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 20.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Bhansali Engineering Polymers story? Biggest thing to watch: the price has already been rising for 20 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Bhansali Engineering Polymers a stock worth studying right now? What the numbers show: Bhansali Engineering Polymers Ltd's results are improving, while its P/E is near the low end of its own history over 10 years, higher than only 31% of past readings. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Bhansali Engineering Polymers share price forecast for 2026? What is changing at Bhansali Engineering Polymers, from the latest results and calls: abs capacity expansion and internal funding capacity. What would change the story: 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. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india
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