Low-priced small-cap trading at Rs 115: This company boosts production capacity from 75,000 TPA to 145,000 TPA, increased FII's stake this quarter!

The stock has recorded a percent change of 3.82 per cent, reflecting a bullish trend.

Bhansali Engineering Polymers Ltd has officially signed a contract today with Toyo Engineering India Private Limited for the Front-End Engineering Design (FEED) and CAPEX Cost Estimation associated with the Brown Field ABS Expansion project. This initiative aims to boost the overall Acrylonitrile Butadiene Styrene (ABS) production capacity from 75,000 TPA to 145,000 TPA, encompassing the existing plants situated in Abu Road (Rajasthan) and Satnoor (Madhya Pradesh).

Bhansali Engineering Polymers Ltd is engaged in the manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market.

Bhansali Engineering Polymers Ltd witnessed positive momentum as the stock opened at Rs 114.1 and reached a high of Rs 117.4. The day's low was at Rs 113.75, while the current market price (CMP) stands at Rs 115.45, exhibiting a notable increase from the previous close of Rs 111.2. The stock has recorded a percent change of 3.82 per cent, reflecting a bullish trend.

Talking about the financials, this chemicals sector company has a market cap of Rs 2,851 crore and has delivered good profit growth of 27 per cent CAGR over the last 3 years.

The stock has a PE of 19.6x and an ROE of 13.13 per cent. The stock gave impressive returns of 47.01 per cent in just 1 years. Company has been maintaining a healthy dividend payout of 75.6 per cent. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.