Bhansali Engineering Polymers Ltd. · NSE:BEPL
Bhansali Engineering Polymers — Investor Presentation (April 2026)
33 slides from Bhansali Engineering Polymers's investor presentation, Apr 25, 2026
Slide 1: ASHWIN MANILAL PATEL
ASHWIN Digitally signed by ASHWIN MANILAL MANILAL PATEL Date: 2026.04.25 PATEL 17:53:32 +05'30'
Slide 2: Bhansali Engineering Polymers Limited Investor Presentation: FY26
Bhansali Engineering Polymers Limited Investor Presentation: FY26
Slide 3: Contents
CONTENTS 01 Company Overview 02 Performance Update 03 Moats 04 Investment Rationale 05 Industry Overview 06 Select Financial Information
Slide 4: About Us
About Us 2 75,000 • Bhansali Engineering Polymers Limited is India’s leading manufacturer of Acrylonitrile Butadiene Styrene (ABS) and Styrenic Resins, with a strong legacy since 1984. MTPA • Established as a pioneer in international-quality ABS, with a consistent focus on State of the Art Manufactu
Slide 5: Journey So Far
Journey So Far Incorporated and listed on stock exchanges, enabling early Acquired a Achieved Expanded Ongoing ₹200 capital access manufacturing recognition for capacity to 75 crore capex for Initiated facility in Abu quality excellence KMTPA debottlenecking collaborations Road at the existing and l
Slide 6: Contents
CONTENTS 01 Company Overview 02 Performance Update 03 Moats 04 Investment Rationale 05 Industry Overview 06 Select Financial Information
Slide 7: Performance Update & Management Commentary - FY26
Performance Update & Management Commentary - FY26 Capacity (Metric Ton Per Annum) Financial Highlights • Revenue decreased by -1.0% YoY in Q4 FY26 to INR 341.6 crores, and by -8.7% in FY26 to INR 1,00,000 1,276.0 crores. • EBITDA increased by 33.1% YoY in Q4 FY26 to INR 74.3 crores, with margins at
Slide 8: Performance Snapshot – Q4 FY26 & FY26
Performance Snapshot – Q4 FY26 & FY26 Revenue from Operations INR 341.6 crores Cashflow from Operations INR 168.1 crores (-1.0% y-o-y) (+54.6% y-o-y) EBITDA1 INR 74.3 crores EBITDA Margin1 21.8% margin (+33.1% y-o-y) (+557.0 bps) Profit After Tax (PAT) INR 51.6 crores PAT Margin 15.1% margin (+30.6%
Slide 9: Contents
CONTENTS 01 Company Overview 02 Performance Update 03 Moats 04 Investment Rationale 05 Industry Overview 06 Select Financial Information
Slide 10: Product Portfolio
Product Portfolio ABS - Acrylonitrile Butadiene Styrene ASA - Acrylonitrile Styrene Acrylate • ABS is a terpolymer engineering thermoplastic produced by the polymerization of • ASA (Acrylonitrile Styrene Acrylate) is a weather-resistant engineering thermoplastic, three monomers: Acrylonitrile, Butad
Slide 11: Product Portfolio
Product Portfolio PC-ABS – Polycarbonate-Acrylonitrile Butadiene Styrene Specialties • PC-ABS is a polymer blend (thermoplastic alloy) formed by combining • Specialties consist of tailor-made polymer compounds and blends that are Polycarbonate (PC) and ABS, thereby integrating the strengths of both
Slide 12: Backward Integration Of ABS
Backward Integration Of ABS Key raw material manufactured In-house title SAN (Styrene Acrylonitrile) Copolymer thermoplastic produced by the polymerization of two primary monomers: Styrene and Acrylonitrile. Styrene (S) provides transparency, rigidity, and good processability, making SAN suitable fo
Slide 13: Production Process Flow Of ABS
Production Process Flow Of ABS 12
Slide 14: Applications - Appliances
Applications - Appliances Major Appliances Consumer Electronics Kitchen Appliances Electrical & Electronics Miscellaneous • Provides high-performance • In the fast-evolving consumer • Designed for high-use • Safety and performance define • Versatility extends to polymers like ABStron for the electro
Slide 15: Applications - Automotives
Applications - Automotives Four-Wheeler Two-Wheeler • Premium Interior Aesthetics: High-gloss and heat-resistant grades for dashboards, • Durable Body Fairings: Impact-modified grades for front cowls, side covers, and instrument clusters, center consoles, and decorative trims that demand a superior
Slide 16: Manufacturing Units
Manufacturing Units Unit 1 - Satnoor Plant Unit 2 - Abu Road Plant Setup : Setup : 1990 2003 Product : Product : High Rubber Graft (HRG) Styrene Acrylonitrile (SAN) & Acrylonitrile Butadiene Styrene (ABS) • Setup: Established in 1990 in technical collaboration with Sumitomo Chemical Ltd., • Setup: A
Slide 17: Board Of Directors
Board Of Directors Mr. B. M. Bhansali Mr. Jayesh B. Bhansali Managing Director Joint Managing Director cum CFO Four decades of experience in the ABS and SAN manufacturing Post Graduate in Commerce and oversees key functions of the industry. He entered the business in 1986 by setting up Bhansali Comp
Slide 18: Key Managerial Personnel
Key Managerial Personnel Mr. Rajendra Pratap Singh Raghav Mr. Ashwin M. Patel Vice President - Operations Company Secretary & General Manager - Legal B.E. in Mechanical Engineering from MNIT Jaipur and has 35+ years Member of the Institute of Company Secretaries of India and a Law of industry experi
Slide 19: Contents
CONTENTS 01 Company Overview 02 Performance Update 03 Moats 04 Investment Rationale 05 Industry Overview 06 Select Financial Information
Slide 20: Investment Rationale
Investment Rationale Strategic Moat - JV with Nippon A&L & Technical Operational Moat - Integrated Manufacturing & High Superiority Utilization • Long-standing JV (since 2013) with Nippon A&L Inc., Japan, a global leader in • Backward-integrated operations with in-house SAN and HRG production, key a
Slide 21: Driving Future Growth Through Innovation
Driving Future Growth Through Innovation Innovation Highlights Product Development: Developed 17 new Color Portfolio: Created 112 new color grades and enhanced the properties of 12 grades to meet specific client aesthetic existing grades. requirements. Commercialization: Successfully transitioned Va
Slide 22: Contents
CONTENTS 01 Company Overview 02 Performance Update 03 Moats 04 Investment Rationale 05 Industry Overview 06 Select Financial Information
Slide 23: Global Demand Contribution
Global Demand Contribution Global Demand of ABS Resins (In Million Tonnes) Appliances and Automotive continue to dominate global demand for ABS resins due to their high impact resistance and aesthetic versatility. EV (Electric Vehicle) adoption is accelerating consumption as manufacturers prioritize
Slide 24: Contents
CONTENTS 01 Company Overview 02 Performance Update 03 Moats 04 Investment Rationale 05 Industry Overview 06 Select Financial Information
Slide 25: Financial Snapshot (1/3)
Financial Snapshot (1/3) Revenue From Operations (In ₹ Cr.) EBITDA1 (In ₹ Cr.) Profit After Tax (In ₹ Cr.) 1,397.7 255.2 1,276.0 251.5 251.9 1,221.7 180.2 180.0 179.4 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Gross Profit (In ₹ Cr.) EBITDA Margin1(In %) PAT Margin (In %) 20.6% 428.0 14.7% 20.0% 4
Slide 26: Financial Snapshot (2/3)
Financial Snapshot (2/3) RoE1 (In %) RoCE2 (In %) Net D/E (In Times) 19.4% 39.4% 37.4% 18.0% 32.9% 16.6% -0.2 -0.4 -0.4 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Debtor Days (In Days) Creditor Days (In Days) Inventory Days (In Days) 73 65 79 60 69 40 44 67 21 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY
Slide 27: Financial Snapshot (3/3)
Financial Snapshot (3/3) Cash Conversion Cycle (In Days) Working Capital Days (In Days) Fixed Asset Turnover (In Times) 89 89 10.2 255 222 210 86 9.6 9.2 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Dividend Payout (In ₹ Cr.) CFO1 (In ₹ Cr.) CFO1 to EBITDA (In %) 3242 92% 231 168 66% 109 43% 100 100
Slide 28: Income Statement
Income Statement ₹ crores unless otherwise mentioned Particulars Q4 FY26 Q4 FY25 YoY change (%) Revenue from operations 341.6 344.9 -1.0% Cost of materials and services consumed, including finished goods and WIP 215.5 242.6 -11.2% Employee benefits expense 17.0 13.2 28.7% Other expenses 44.9 40.9 9.
Slide 29: Historic Income Statement
Historic Income Statement ₹ crores unless otherwise mentioned Particulars FY22 FY23 FY24 FY25 FY26 3-year CAGR (%) Revenue from operations 1,394.0 1,362.6 1,221.7 1,397.7 1,276.0 -2.2% Cost of materials and services consumed, including finished goods and WIP 748.6 985.5 831.9 988.0 848.1 Employee be
Slide 30: Historic Balance Sheet
Historic Balance Sheet ₹ crores unless otherwise mentioned Assets FY22 FY23 FY24 FY25 FY26 Property, Plant and Equipment 144.5 140.0 151.5 148.5 163.4 Non-current financial assets 42.0 147.8 76.2 8.7 23.4 Other non-current assets 6.0 12.6 12.0 12.0 23.0 Inventories 197.4 170.8 135.8 117.9 183.9 Cash
Slide 31: Historic Cashflow Statement
Historic Cashflow Statement ₹ crores unless otherwise mentioned Particulars FY22 FY23 FY24 FY25 FY26 Net profit before tax 472.1 194.8 243.5 244.7 248.6 Adjustments for: Non-cash items and other investment/financial items -4.6 -16.6 -27.0 -29.0 -30.7 Operating profit before working capital changes 4
Slide 32: Safe Harbor Statement
Safe Harbor Statement This presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase any securities ("Securities") of Bhansali Engineering Polymers Limited ("BEPL" or the "Company") in India or any o
Slide 33: For Any Further Information/Queries, Please Contact:
For Any Further Information/Queries, Please Contact: BHANSALI ENGINEERING POLYMERS LIMITED Ashwin Patel Raj Shah, CFA Company Secretary investors@bhansalilabs.com ashwinpatel@bhansalilabs.com +91 99259 11296
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