Sunday, February 18, 2018

BHANSALI ENGINEERING POLYMERS LTD - CONSOLIDATED RESULTS FOR Q3 FY 2017-18 - Q E DEC 2017





BHANSALI ENGINEERING POLYMERS LTD

CONSOLIDATED RESULTS 
FOR Q3 FY 2017-18
Q/E DEC 2017

The third quarter results for Q/E December 2017 for SREELEATHERS Ltd are presented below.Net Sales have gone up 110 % YoY. Net Profit has gone up  850%. PE ratio stands at 24. Volume of transactions stands AT 196,079 on NSE.
 
BHANSALI ENGG
Dec '17
Sep '17
Dec '16
YOY
QOQ
Net Sales
257.93
247.94
122.95
109.78
4.03
Total Income
257.93
247.94
122.95
109.78
4.03
EXPENDITURE




Consumption of Raw Materials
147.31
142.53
113.44
29.86
3.35
Purchase of Traded Goods
35.99
13.68
--

163.08
Increase/Decrease in Stocks
-0.11
22.08
-22.98
-99.52
-100.5
Employees Cost
10.83
8.91
6.2
74.68
21.55
Depreciation
1.55
1.54
1.37
13.14
0.65
Other Expenses
20.61
22.93
17.18
19.97
-10.12
P.B.Other Inc. , Int., Excpt. Items & Tax
41.76
36.27
7.74
439.53
15.14
Other Income
5.56
2.04
0.44
1163.64
172.55
P.B. Int., Excpt. Items & Tax
47.32
38.32
8.18
478.48
23.49
Interest
2.25
2.48
2.29
-1.75
-9.27
P B T
45.08
35.83
5.9
664.07
25.82
Tax
16.02
10.73
2.84
464.08
49.3
Net Profit
29.06
25.1
3.06
849.67
15.78
Equity Share Capital
16.59
16.59
16.59
0
0
Basic EPS
1.75
1.51
0.18
872.22
15.89
Diluted EPS
1.75
1.51
0.18
872.22
15.89
MP
170




PE
24.29





Bhansali Engineering Polymers Limited (BEPL) is one of the two leading Petrochemical Companies in India involved in the manufacturing of ABS & SAN. BEPL is a vertically integrated petrochemical company that Manufactures ABS which acts as a raw material for leading companies in Automobiles, Home Appliances, Telecom, Luggage, Bus Body and various other multifaceted applications. The Company, with a view to expand its footprint in ABS Market, acquired two units of competitors viz. Polychem, Baroda & Rajasthan Polymers Resins Ltd (RPRL), Abu Road in the year 1999 & 2003 respectively and consolidated its entire ABS Production activities in Abu Road, Rajasthan and HRG at Satnoor, MP.

The company has now undertaken impressive expansion programs for ABS Compounding from 80 KTPA to 137 KTPA, and is setting up an R & D centre at Abu Road and so on. 

The company deems it prudent to augment ABS capacity at Abu Road to 137 KTPA by 31.12.2008. Upto 100 KTPA is likely to be finished by 31st March 2018 itself. There are other expansions in store. It will be interesting to watch the fast completion of these expansions by the company.

We can expect impressive increases in sales and Net profits periodically in view of these periodical expansions. 

Note : This does not constitute a Buy/Sell/Hold Recommendation

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