Bhansali Engineering Polymers FY26: Margins Hold as Capacity Expansion Nears
Frequently Asked Questions
The company manufactures ABS and styrenic resins, and also highlights ASA, PC-ABS blends, and specialty polymer compounds. It produces key ABS intermediates SAN and HRG in-house.
The presentation states installed capacity of 75,000 MTPA and an expansion plan to 100,000 MTPA, targeted for commissioning by September 2026, with optimal utilisation expected by end of FY28.
FY26 revenue from operations was INR 1,276.0 crore, EBITDA was INR 255.2 crore with 20.0% margin, and PAT was INR 180.2 crore with 14.1% margin.
Q4 FY26 revenue from operations was INR 341.6 crore (-1.0% YoY). EBITDA was INR 74.3 crore (+33.1% YoY) and PAT was INR 51.6 crore (+30.6% YoY).
The company states a capex of INR 200 crore for expansion, fully funded through internal accruals.
The balance sheet table shows borrowings as nil across FY22 to FY26, and the Q4 FY26 snapshot shows gross debt to equity of 0.0x.
The presentation lists automobiles, home appliances, electronics, healthcare, and kitchenware as diversified end-user sectors.
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