Bhavik Enterprises Ltd
Incorporated on September 15, 2008, we are engaged in trading of polymers primarily in Polyethylene (PE) and Polypropylene (PP) which has a wider usage and application in various industries such as packaging, infrastructure, agriculture and many more. We provide a broad range of products to our customers which increases the scope of our customers and our ability to cater to a diversified clientele base. Our comprehensive product portfolio under Polyethylene (PE) includes LLDPE, LDPE, HDPE and MLLDPE. Under Polypropylene (PP), our product portfolio consists of Homo polymer, Impact Co-polymer and Random Co-polymer. Our company's business model emphasizes "Stock & Sale" catering to small, medium and large customers as per their requirement. We are presently engaged in the domestic B2B trading of polymer, wherein we import the material and store the same at our warehouses and depots and sell them thereafter to manufacturer of plastic product. These end use customers include manufacturers of pressure pipes, non-pressure pipes, drip pipe, shrink film, lamination film, mulch film, greenhouse films, CPP films, liners, EPE foam, woven sack bags, spun bond nonwoven fabric, paint pails, crates, houseware products, suitcases, thin wall containers.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Offer for Sale
Shareholding
Objects of the Issue
- Funding working capital requirements of the company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 325 | 562 | 574 | 527 | 628 |
| Operating ProfitCr | 6 | 17 | 3 | 4 | 17 |
| OPM% | 1.7 | 3.1 | 0.6 | 0.8 | 2.7 |
| PBTCr | 9 | 21 | 11 | 8 | 18 |
| PATCr | 7 | 15 | 8 | 6 | 14 |
| EPS | 13 | 29 | 15 | 4 | 7 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 5 | 5 | 5 | 16 | 20 |
| ReservesCr | 64 | 79 | 87 | 82 | 145 |
| BorrowingsCr | 0 | 0 | 0 | 0 | 0 |
| Total AssetsCr | 126 | 161 | 138 | 173 | 234 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 14 | -3 | -33 | 15 |
| Investing Cash FlowCr | 2 | -1 | 3 | -2 | 1 |
| Financing Cash FlowCr | 0 | 0 | 0 | 0 | 54 |
| Net Cash FlowCr | 2 | 12 | 0 | -35 | 71 |
Strengths & Risks
- Wide product portfolio having applications across various industries verticals.
- Long term relationship with clients.
- Well established relationship with suppliers.
- Leveraging the experience of our Promoters.
- Strategic location of our warehouses and depots.
- Debt Free Structure.
- Expand our geographical footprint.
- Reduction in operational costs to achieve optimum operational efficiency.
- Strengthen relationships with our existing customers and expand customer base.
- Sales Volume Growth.
- The company derives the company's revenue from trading of polymers for which we are dependent on certain suppliers for its operations and an increase in the cost of, or a shortfall in the availability or quality of such products could have an adverse effect on the company's business, financial condition and results of operations.
- Termination or non-renewal of the distribution agreements by Borouge Pte Ltd. or any material modification to the existing terms under such agreements adverse to the company's interest will materially and adversely affect its ability to continue the company's business and operations and the company's future financial performance.
- The company derives the company's revenue from the domestic market and substantial portion of revenue from the western region of India and the Union Territory of Dadra and Nagar Haveli and Daman and Diu i.e. Daman & Silvassa. Any adverse developments affecting its operations in western region could have an adverse impact on the company's revenue and results of operations.
- The company has certain outstanding litigation against the company, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- There is an increased awareness towards controlling plastic pollution and many economies including India have joined in the efforts to ban certain types of plastic products. In case any key plastic material traded by the company or end-use consumer product that is packaged using raw material of the company's supplier is banned in India, it could have a material and adverse effect on the company's business, financial condition, cash flows and results of operations.
- Prices fluctuate every day in line with market changes. However, during periods of sharp price increases, there may be a lag before these adjustments take effect, which could negatively impact the company's profitability in the interim duration. This exposure to price volatility may result in reduced margins and affect its short-term financial performance.