BEPL Breakout

15 mar 2021

BEPL

Fundamentals:-

Bhansali Engineering Polymers is engaged in manufacturing of ABS and SAN resins which is classified under the category of Highly Specialized Engineering Thermoplastics.

5 year sales and profit CAGR at 13% and 69% respectively.
ROE for last 3, 5 and 10 years greater than 20%.
Debt to equity at 0.0, Interest coverage at 1035 and Current ratio at 2.86.

Dividend yield at 0.33% and consistent dividend payer since 2015.

Company has enough cash for future growth plans. FCF (free cash flow) to CFO (cash from operations) at 62%.

The stock has given a volume breakout today. Buy with a stop below Rs.145.