Beardsell Ltd (BEARDSELL)
🎯 Key Takeaways
- Beardsell Ltd operates in the plastic products and insulation segment with stable profitability metrics (ROE 13.3%, ROCE 16.
- Revenue grew 0.6% QoQ to ₹72 in Q1FY27.
- ⚠️ 1) Limited growth visibility — no new capacity, orders, or geographic expansion disclosed despite stable profitability. 2) Over-reliance on insulation
- ROE
- 11.7%
- ROCE
- 15.3%
- Debt/Equity
- 0.24
- Promoter
- 52.7%
📖 The Story
Beardsell Ltd operates in the plastic products and insulation segment with stable profitability metrics (ROE 13.3%, ROCE 16.3%, D/E 0.32), indicating a mature, capital-efficient business model. The company demonstrates consistent financial discipline and modest leverage, but growth appears constrained by its narrow operational footprint and lack of visible expansion initiatives.
📰 What's Happening
In the latest quarter (Q1 FY26), Beardsell reported consolidated revenue of ₹7,272 lakhs and net profit of ₹226 lakhs, up from ₹290 lakhs in Q1 FY25, driven by improved insulation segment performance (₹6,781 lakhs revenue). The board approved a final dividend of Re.0.10 per share (face value Rs.2), with a record date set for 21 September 2026, contingent on AGM approval. The company reappointed B Thulasiam & Co. as cost auditors for 2026-27. No new orders, capacity expansions, or strategic initiatives were disclosed in recent filings.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 71 | 67 | 72 | 72 |
| Operating Profit | 4 | 4 | 5 | 2 |
| OPM % | 5.8% | 6.4% | 6.4% | 3.3% |
| Net Profit | 2 | 2 | 4 | 2 |
| EPS | ₹0.52 | ₹0.53 | ₹1.11 | ₹0.57 |
Revenue has remained relatively stable over the past four quarters (₹71–72 lakhs), with operating margins fluctuating between 5.8% and 6.4%. Net profit trends show modest improvement in Q1 FY26 (₹226 lakhs) compared to the prior year quarter (₹290 lakhs), though absolute profitability remains low. The company maintains stable margins but lacks revenue acceleration, suggesting limited organic growth or market expansion. The consistency in financial scale indicates a plateaued business cycle rather than a turnaround or growth phase.
🔮 Management Outlook & What's Next
Management has not provided forward-looking guidance on revenue, margins, or capital allocation in the recent filings. The only forward-looking statement pertains to dividend payment timing — to be made within 30 days of the AGM, which is yet to be scheduled. No strategic roadmap, growth targets, or capital expenditure plans were communicated in the board meeting disclosures or credit rating announcement.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 |
| Reserves | 73 | 68 | 84 | 78 |
| Borrowings | 26 | 33 | 22 | 31 |
| Total Liabilities | 175 | 170 | 177 | 183 |
| Fixed Assets | 67 | 64 | 67 | 66 |
| Investments | 1 | 1 | 1 | 1 |
| Total Assets | 175 | 170 | 177 | 183 |
The balance sheet shows stable equity (₹8 lakhs) and reserves growing from ₹73 to ₹84 lakhs over two fiscal years, while borrowings remain low and stable around ₹26–31 lakhs. Total assets have slightly increased, indicating minimal reinvestment or expansion. The capital structure remains conservative with low leverage (D/E 0.32), suggesting a focus on financial stability over aggressive growth or shareholder returns beyond the modest dividend.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | +19 | +26 |
| Investing | -10 | -10 |
| Financing | -7 | -7 |
| Net Cash Flow | +3 | +9 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 52.7% | 52.7% | 52.7% | 52.7% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 38.3% | 38.3% | 38.4% | 38.2% |
| # Shareholders | 15,819 | 15,289 | 14,820 | 14,601 |
Promoter holding remains steady at 52.68% across all recent quarters, indicating no dilution or stake sale. Institutional (FII) ownership is negligible (0%), while DII holding is minimal (0.04%) and has not changed recently. The number of public shareholders has gradually declined from 15,819 to 14,601, suggesting slight retail attrition but no major institutional movement. No significant buying or selling signals from non-promoter investors are evident.
⚖️ Peer Comparison — Plastic products
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| SUPREMEIND | 44,216 | 42.8 | 22.1% | — | 0.00 |
| ASTRAL | 36,750 | 63.8 | 20.0% | — | 0.04 |
| SHAILY | 13,935 | 78.8 | 33.8% | — | 0.34 |
| FINPIPE | 9,403 | 15.2 | 12.7% | — | 0.07 |
| TIMETECHNO | 9,068 | 17.8 | 20.9% | — | 0.22 |
| KINGFA | 8,640 | 38.3 | 39.9% | — | 0.05 |
| SAFARI | 7,112 | 43.1 | 19.8% | — | 0.00 |
| RESPONIND | 4,318 | 42.6 | 7.5% | — | 0.12 |
| VIPIND | 4,206 | — | -43.7% | — | 1.42 |
| NILKAMAL | 2,862 | 23.0 | 11.4% | — | 0.16 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Limited growth visibility — no new capacity, orders, or geographic expansion disclosed despite stable profitability. 2) Over-reliance on insulation segment (₹6,781 lakhs of ₹7,272 lakhs revenue) exposes the company to cyclical construction demand. 3) Low absolute profitability (₹226 lakhs net profit on ₹7,272 lakhs revenue) suggests thin margins and potential pricing pressure. 4) No analyst coverage or institutional interest may limit valuation depth and liquidity.
📋 Recent Filings
- 🔴 Announcement2026-08-20Beardsell Limited announced that CARE Ratings reaffirmed its credit ratings for bank facilities and fixed deposits, maintaining BBB (Stable) for long-…
- 🔴 Corporate Action2026-08-08Beardsell Limited announced the record date of 21 September 2026 for its final dividend of Re.0.10 per share (face value Rs.2) for FY2025-26, pending …
- 🟡 Board Meeting2026-08-08Beardsell Limited announced the outcome of its August 8, 2026 board meeting, approving unaudited financial results for the quarter ended June 30, 2026…
- 🔴 Announcement2026-08-08Beardsell Limited announced the outcome of its board meeting held on 8 August 2026, approving unaudited financial results for the quarter ended 30 Jun…
- Announcement2026-06-06Beardsell Limited announced a favorable court ruling that upholds its trademark injunction against Beardsell Polymers Private Limited, confirming prot…
- secretarial compliance2026-05-29Beardsell Limited filed its Secretarial Compliance Report for FY2025-26 with the NSE on May 29, 2026, confirming adherence to SEBI LODR and related re…
- 🔴 Announcement2026-04-09Beardsell Limited disclosed compliance with SEBI Takeover Regulations on April 9, 2026. The announcement constitutes a mandatory regulatory filing und…
- Announcement2026-03-30Beardsell Limited filed a general corporate filing on the NSE on March 30, 2026. The filing details remain sparse without access to specific document …
🧠 Analyst's Read
Beardsell operates as a stable, low-leverage chemical and plastic products manufacturer with consistent but stagnant financials and no clear catalyst for growth. The company functions as a cash-generating entity with modest shareholder returns, but lacks strategic momentum. Investors should monitor for any future announcements on capacity expansion, new product lines, or market diversification that could signal a shift from operational maintenance to growth.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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