CHART PATTERN:
ASCENDING TRIANGLE
MOVING AVERAGE:
GO THROUGH MOVING AVERAGE SECTION FOR MORE DETAILS
SUPER TREND: BUYING SIGNAL
Developed itself as a pioneer in manufacturing of ACRYLONITRILE BUTADIENE STYRENE (ABS).
Established in the year 1984.
Collaboration with Nippon A&L Inc. (NAL), Japan in the year 2013 for gaining a wider reach in the business of Styrenics Resins.
Supports in the sales of ABS Resins, AES Resins, ASA Resins and their alloys in the Indian market.
Established a plant in VADODRA in the year 1999.
With the collaboration with NAL, Bhansali Engineering has become an indigenous company in this segment.
The manufacturing plants are located at Abu Road, Rajasthan and Satnoor, Madhya Pradesh.
Has a manufacturing capacity of 137 Kilo-Tonnes Per Annum.
The company also established a R&D center at ABU ROAD in the year 2018.
AUTOMOBILES
HOME APPLIANCES
ELECTRONICS
HEALTH CARE
KITCHENWARE
ABS (Acrylonitrile Butadiene Styrene)
ASA (Acrylonitrile styrene acrylate)
PC-ABS (Polycarbonate/acrylonitrile butadiene styrene)
SPECIALITY
SAN (Styrene acrylonitrile resin)
Hello everyone and welcome back to one more exciting stock where we will analyze Bhansali Engineering share price in the best possible way through Business, Fundamental and Technical analysis.
So, today let’s have a complete understanding of Bhansali Engineering.
Table of Contents
BUSINESS ANALYSIS
Bhansali Engineering has developed itself as a pioneer in manufacturing of ACRYLONITRILE BUTADIENE STYRENE (ABS).
The company was established in the year 1984.
Bhansali Engineering is very proud of their achievement related to reduction in cost of producing ABS in India and has become the company with lowest cost of this substance.
It has collaborated with Nippon A&L Inc. (NAL), Japan in the year 2013 for gaining a wider reach in the business of Styrenics Resins.
It also supports in the sales of ABS Resins, AES Resins, ASA Resins and their alloys in the Indian market.
A plant was established in VADODRA in the year 1999.
With the collaboration with NAL, Bhansali Engineering has become an indigenous company in this segment.
Bhansali Engineering has a manufacturing capacity of 137 Kilo-Tonnes Per Annum.
The company also established a R&D center at ABU ROAD in the year 2018.
KEY CUSTOMER SECTOR
AUTOMOBILES
HOME APPLIANCES
ELECTRONICS
HEALTH CARE
KITCHENWARE
KEY PRODUCTS
ABS (Acrylonitrile Butadiene Styrene)
ASA (Acrylonitrile styrene acrylate)
PC-ABS (Polycarbonate/acrylonitrile butadiene styrene)
SPECIALITY
SAN (Styrene acrylonitrile resin)
Now, coming to the financials of the Bhansali Engineering.
FINANCIAL KEY METRICS
The Market Capitalization of Bhansali Engineering is ₹ 3,058 Cr.
IIFL has a price to earnings ratio of 7.41 which is a lesser than the industry price to earnings ratio of 8.53 indicating that Bhansali Engineering share price is lower as compared to the earnings it is generating.
The return on capital employed of the Bhansali Engineering is 86.2% which is quite commendable and shows that the company is providing awesome returns on the capital invested in it.
The return on equity of Bhansali Engineering is 64.4% showcasing the company’s great return on the investment done by their investors.
The debt to equity ratio of Bhansali Engineering is 0 which is almost negligible.
The company has provided a good profit growth of 83.18% CAGR in the last 5 years.
The return on equity track record is also awesome with 39.77% in the last 3 years.
FINANCIAL ANALYSIS
For the quarter ended 30-06-2021, Bhansali Engineering share price reported a sales of Rs 232 Cr.
The net profit of Bhansali Engineering share price was Rs 103 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 4.66 which is as per the quarter ended 30-06-21.
Bhansali Engineering stands tall at 2nd position in the Petrochemicals sector.
There are no borrowings with the company and it also has Rs 74 Cr net cash flow which it can utilize for its development.
SHARE HOLDING SYNOPSIS
PROMOTERS – 56.45%.
DIIs – 0.02%.
FIIs – 2.55%.
PUBLIC – 40.98%
This is a brief overview of the financials of the Bhansali Engineering.
Now, let’s deep dive into the technicality of Bhansali Engineering share price.
CHART PATTERN ANALYSIS
If we take a closer look at the chart in a daily time frame, an Ascending triangle pattern is formed.
Bhansali Engineering share price is constantly making lower highs which is a great sign of uptrend.
Breakout is not achieved but analyzing the consolidating phase of Bhansali Engineering share price it is evident that it definitely overcomes the resistance and achieves the smallest target.
For Bhansali Engineering share price there is 1 target as stated in the above image.
The Bhansali Engineering share price on 29th September 2021 is Rs 184.
MOVING AVERAGE
For Bhansali Engineering share price analysis, we are taking 9 days and 21 days moving average.
In the history of the stock, whenever the 9 days moving average had crossed the 21 days moving average, a great rally was seen in downwards or upwards direction.
In Bhansali Engineering share price, the 9 days moving average has crossed the 21 days moving average which is a great sign.
The 9 days moving average is indicated in red while the 21 days moving average is blue.
SUPER TREND
The super trend for Bhansali Engineering share price is suggesting a buying signal in the 4 hours time frame.
In the daily timeframe there is a selling signal but that would change once the share price tends to move upward in the upcoming future.
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