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Bhansali Engineering Polymers Limited (BEPL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹24.5B

BE Bhansali Engineering Polymers Limited BEPL · NSE
Price₹120.54
Fair Value₹101.53
Upside-15.8%
Quality74/100
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Weak Growth
Solidly profitable · 14.1% net margin
Low debt · generates free cash flow
3.93% dividend yield
Ranks above peers (11/14)
Wide moat 66/100
Evidence: High Range ₹71.13 – ₹143.14 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹119.12 to ₹101.53 (−14.8%) since Jun 29, 2026. Share price +11.5% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (₹71.13 to ₹143.14) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹163.15 ₹47.78 Fair Value ₹101.53 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹47.78 – ₹163.15 · fair‑value band ₹71.13 – ₹143.14 · the ₹120.54 price screens above the ₹101.53 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Bhansali Engineering Polymers Limited (BEPL) currently trades at ₹120.54, while our model-based Fair Value estimate is ₹101.53, implying the stock looks roughly 15.8% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Bhansali Engineering Polymers Limited generated revenue of ₹12.8B at a net margin of 14.1%. Revenue declined 1.0% year over year. It earns a return on equity of 17.3%. The balance sheet holds a net cash position of ₹3.9B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹71.13 (bear case) to ₹143.14 (bull case); at ₹120.54, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -16%, BEPL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹79.13 ₹118.00 ₹179.55 80
Residual Income ₹47.35 ₹59.84 ₹150.62 76
Rev-Margin DCF ₹71.18 ₹105.72 ₹146.96 74
All 26 models by family
DCF Models
FCF DCF ₹78.50 ₹118.00 ₹180.70 38
Owner Earnings ₹88.16 ₹133.73 ₹206.06 31
5Y Revenue Exit ₹71.18 ₹105.84 ₹150.68 39
5Y EBITDA Exit ₹75.62 ₹114.40 ₹160.36 41
5Y P/E Exit ₹91.72 ₹145.41 ₹203.31 38
10Y Revenue Exit ₹71.49 ₹104.23 ₹149.64 36
10Y EBITDA Exit ₹76.05 ₹110.26 ₹157.23 37
10Y P/E Exit ₹86.44 ₹132.14 ₹190.92 35
Earnings-Based
Graham-Dodd ₹49.23 ₹175.27 ₹236.02 54
Lynch FV ₹41.20 ₹58.86 ₹76.51 50
PEG = 1.0 ₹41.20 ₹58.86 ₹76.51 46
EPV ₹69.34 ₹78.30 ₹86.15 59
Dividend Discount
Gordon GGM ₹36.73 ₹76.36 ₹121.14 70
DDM Multi-Stage ₹36.73 ₹64.39 ₹80.15 61
Multiples
P/E Multiple ₹92.30 ₹123.07 ₹153.84 63
P/S Multiple ₹57.68 ₹76.91 ₹96.14 58
P/B Multiple ₹92.30 ₹123.07 ₹153.84 55
EV/EBIT ₹103.25 ₹132.48 ₹161.72 53
EV/EBITDA ₹80.71 ₹102.43 ₹124.15 54
EV/Revenue ₹69.38 ₹92.45 ₹115.53 43
Asset-Based
NCAV (Graham) ₹21.76 ₹29.16 ₹43.53 50
Growth DCF
Growth DCF ₹79.13 ₹118.00 ₹179.55 80
Rev-Margin DCF ₹71.18 ₹105.72 ₹146.96 74
Economic Profit
Residual Income ₹47.35 ₹59.84 ₹150.62 76
ROIC Compounder ₹74.43 ₹91.96 ₹113.62 72
Growth Earnings
Growth-Adj P/E ₹69.73 ₹99.61 ₹129.49 68

Widest divergence: DCF Models (₹114.40) versus Asset-Based (₹29.16). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹12.8B
Revenue growth (YoY) -1.0%
Net margin 14.1%
Return on equity 17.3%
Free cash flow ₹1.3B FY2026
P/E ratio 13.6
More key figures
Operating margin 18.2%
EPS (TTM) ₹7.24
Dividend yield 3.9%
EPS growth (YoY) +30.5%
Net cash ₹3.9B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 72 · Market factors (momentum, volatility) 72

Profitability 68
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bhansali Engineering Polymers Limited operates a petrochemical company in India and internationally. The company manufactures and sells acrylonitrile butadiene styrene (ABS) and styrene acrylate (SAN) resins.

Full company description

Bhansali Engineering Polymers Limited operates a petrochemical company in India and internationally. The company manufactures and sells acrylonitrile butadiene styrene (ABS) and styrene acrylate (SAN) resins. 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 also provides general purpose, heat resistant, weather resistant, and direct metalizing acrylonitrile styrene acrylate (ASA) resins for automotive, pillar garnish, mirror housing, and construction applications; and heat resistant, extrusion, and paintable polycarbonate-ABS resins for automotive, electronics, household, healthcare, packaging, and construction applications. In addition, it offers specialized grade tailor made products for metallic specialty, pearl specialty, low and high gloss specialty, ASA/PMMA, and ABS/PMMA applications. Further, the company engages in trading activities. Bhansali Engineering Polymers Limited was incorporated in 1984 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Bhansali Engineering Polymers Limited reported revenue of ₹12.8B in FY2026 versus ₹13.9B in FY2022, a compound −2.2%/yr. Reported net income was ₹1.8B in FY2026, compounding −15.3%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹12.8B
Latest YoY
−8.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.2%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.2%
Revenue −2.2%/yr
FY22 ₹13.9B
FY23 ₹13.6B
FY24 ₹12.2B
FY25 ₹14.0B
FY26 ₹12.8B
Net income −15.3%/yr
FY22 ₹3.5B
FY23 ₹1.4B
FY24 ₹1.8B
FY25 ₹1.8B
FY26 ₹1.8B
Character of growth · EPS growth decomposed (2015-2026) +28.5 % p.a.
Revenue per share +9.2 pp

of which total revenue +9.2 pp · buybacks/dilution +0.0 pp

EBIT margin +13.7 pp
Tax rate +1.5 pp
Residual (interest, one-offs) +4.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BEPL screens 16% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Bhansali Engineering Polymers Limited Fair Value". https://www.fairvalue-calculator.com/stock/BEPL

Peer Group

Chemicals · 341 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 74 · Top 25%
Fair Value upside −16% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 3.9% · Top 25%

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 13.6× · Cheaper than 75% of peers
P/B 2.26× · Pricier than median
P/S (TTM) 1.92× · Pricier than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 9.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 12 · sector 0
FUTURE 0 · sector 21
PAST 69 · sector 19
HEALTH 100 · sector 94
DIVIDEND 79 · sector 27

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Bhansali Engineering Polymers Limited (BEPL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹101.53 versus a price of ₹120.54, about −16% (overvalued).
What is the fair value of BEPL?
Our model-based fair value for Bhansali Engineering Polymers Limited is ₹101.53 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹120.54.
What is the quality score of BEPL?
Bhansali Engineering Polymers Limited has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bhansali Engineering Polymers Limited (BEPL)?
Bhansali Engineering Polymers Limited reported trailing-twelve-month revenue of about ₹12.8B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of BEPL?
The net profit margin of Bhansali Engineering Polymers Limited is about 14.1%, meaning it keeps roughly 14.1% of revenue as net income. Based on the latest reported figures.
Does Bhansali Engineering Polymers Limited pay a dividend?
Bhansali Engineering Polymers Limited currently shows a dividend yield of about 3.93% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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