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Bhansali Engineering Q3: Global shortages may spell better margins in short term

In the medium term, Bhansali's traction towards high-grade applications and greenfield expansion is crucial for superior and sustainable margin profile

January 13, 2021 / 09:34 AM IST
Bhansali Engineering Q3: Global shortages may spell better margins in short term

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Strong set of results backed by better product prices - Benefits from global supply chain disruptions & ABS shortage - Operating margins likely to moderate in the medium term - Traction in greenfield capex plan crucial for re-rating Bhansali Engineering Polymers Ltd (BEPL, Market Cap: Rs 2,774 crore, CMP: Rs 167), a key player in the duopolistic market of ABS (acrylonitrile butadiene styrene) in India, has posted impressive quarterly results. The performance has been aided by superior product prices as well as improved outlook for auto/appliances...

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