Bhansali Engineering Polymers (BEPL) saw Q4 FY26 revenue dip 1.0% YoY to ₹341.6 Cr, and full-year revenue fell 8.7% to ₹1,276.0 Cr.

However, profitability surged in Q4 with EBITDA up 33.1% to ₹74.3 Cr (21.8% margin) and PAT up 30.6% to ₹51.6 Cr (15.1% margin), showing strong operational efficiency.

Full-year EBITDA grew 1.3% to ₹255.2 Cr and PAT was stable at ₹180.2 Cr.

BEPL is aggressively expanding capacity from 75,000 MTPA to 100,000 MTPA with a ₹200 Cr capex, fully self-funded from robust cash flows, targeting commissioning by September 2026 and full utilization by FY28. Their strategic JV with Nippon A&L, backward integration, and a strong R&D pipeline focused on high-value specialty and color grades are key growth drivers.

With a debt-free balance sheet, BEPL is well-positioned to capitalize on India's strong demand in automotive and consumer durables, and benefit from the industry's shift towards specialized polymers and import substitution.