Bhansali Engineering Polymers revises expansion plan, focuses on specialty grades

Bhansali Engineering Polymers Limited (BEPL) announced a revised production capacity expansion from 75,000 TPA to 100,000 TPA, a reduction from its previously stated 200,000 TPA target. This strategic shift, with an estimated capex of ₹1700 crores, aims to fund expansion through internal accruals and focus on specialty grade development for improved margins. The company expects to generate twice the profit year-over-year starting in FY 2027-28. Future expansions beyond 100,000 TPA will be considered only after five years, ensuring adequate surplus funds and avoiding borrowing.

The company's business operations have grown from a 6,000 TPA capacity to 75,000 TPA through strategic acquisitions and plant improvements. BEPL concentrates on developing specialty grades for enhanced profit margins in the domestic market. It manufactures over 300 grades with 1,200+ colors, operating at optimum capacity with minimal impact from global crises due to its formula-based business.

BEPL has been consistently profitable in the last decade, declaring a dividend of ₹1 per share for 16 consecutive quarters and a one-time special dividend of ₹14 per share in FY 23-24. The company maintains a "Debt Free" status and had 120,396 shareholders as of September 12, 2025. Additionally, the joint venture with Nippon A & L Inc., Japan, established in 2013, continues to support new grade development and contributes to BEPL's profits.