Bhansali Engineering Polymers Limited Earnings Summary — Q4 FY2026

• Net Profit surged 31.8% YoY to ₹5,167.45 lakhs for Q4, driven by improved operational efficiencies and lower relative material costs.
• The Board recommended a Final Dividend of ₹1 per share, bringing the total dividend for FY26 to ₹4 per share (400% of face value).
• Capacity expansion at Abu Road from 75,000 TPA to 100,000 TPA is on schedule, with commissioning expected by end of September 2026.
• Quarterly revenue remained essentially flat YoY at ₹34,161 lakhs, though it showed a healthy 13.3% sequential recovery from Q3.
• The company maintains a pristine, debt-free balance sheet with cash and cash equivalents rising to ₹38,680 lakhs.
• Inventory levels saw a significant increase ending the year at ₹18,391 lakhs compared to ₹11,187 lakhs in the prior year.
• The company re-appointed Mr. Dilip Krushnarao Shendre as Whole-Time Director for a 3-year term starting April 2027.

Management confirmed that orders for critical long-delivery equipment for the capacity expansion project have been placed, and the project remains on track for a September 2026 completion.

Improving

While revenue growth has been sideways, the significant expansion in margins and clear timeline for capacity increases signal a positive shift in earnings potential.

The outlook is bolstered by the upcoming 33% capacity increase in ABS production, which is intended to address the long-term stagnation in top-line growth. The company remains highly sensitive to Styrene and Butadiene price cycles.