---
title: "Beezaasan Explotech Ltd (544369) — Share Price, Financials & Analysis"
symbol: "544369"
company: "Beezaasan Explotech Ltd"
canonical: "https://tapetide.com/stocks/544369"
isin: "INE13VU01016"
nse_symbol: "BEEZAASANEXPLOTECHLTD"
bse_code: "544369"
sector: "Chemicals"
industry: "Explosives"
market_cap_cr: 833.1
generated_at: "2026-09-13T18:58:54.523Z"
---

# Beezaasan Explotech Ltd (544369)

Canonical page: https://tapetide.com/stocks/544369

## Company

- **NSE Symbol:** BEEZAASANEXPLOTECHLTD
- **BSE Code:** 544369
- **ISIN:** INE13VU01016
- **Sector:** Chemicals
- **Industry:** Explosives
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-03-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** beezaasan.com

## About

Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:18.123126Z.

- **Market Cap:** ₹833.1 Cr
- **Classification:** SME
- **P/E (reported):** 62
- **Book Value:** ₹102.58
- **Price to Book:** 5.36
- **Dividend Yield:** 0%
- **ROE:** 8.64%
- **ROCE:** 11.07%
- **Debt to Equity:** 0.24
- **Revenue (yearly):** ₹213.2 Cr
- **Net Income:** ₹13.4 Cr
- **EBITDA:** ₹22.3 Cr
- **52-Week High:** ₹585
- **52-Week Low:** ₹177.05
- **RSI (14):** 66.59

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 65.55 | 9% |
| growth | 22.9 | 9% |
| momentum | 98.9 | 12% |
| ownership | 33.7 | 24% |
| quality | 43.99 | 22% |
| valuation | 13.78 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Promoter holding has increased by 4.32% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -70% | -74.5% | 248.74% |
| ebitda margin growth | 12.12% | -8.24% | 60.09% | 120.89% |
| net income growth | 23.68% | -3.6% | 65% | 396.3% |
| revenue growth | -46.36% | -1.48% | -2% | 8.48% |
| roce | — | -43.2% | -58.82% | 21.22% |
| roe | — | -39.37% | 14.8% | -64.07% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 101 | 101 | 114 | 100 | 111 |
| Expenses | 95 | 87 | 104 | 88 | 103 |
| Operating Profit | 7 | 14 | 9 | 13 | 8 |
| OPM % | 6 | 14 | 8 | 13 | 7 |
| Other Income | 0 | 0 | 1 | 1 | 1 |
| Interest | 2 | 2 | 2 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 4 | 11 | 7 | 11 | 6 |
| Tax % | 25 | 23 | 27 | 25 | 20 |
| Net Profit | 3 | 8 | 5 | 8 | 5 |
| EPS in Rs | 2.73 | 8.52 | 3.89 | 6.39 | 3.31 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 141 | 228 | 188 | 215 | 212 |
| Expenses | 135 | 220 | 176 | 192 | 191 |
| Operating Profit | 6 | 8 | 12 | 23 | 21 |
| OPM % | 4.1 | 3.4 | 7 | 11 | 10 |
| Other Income | 1 | 1 | 0 | 1 | 2 |
| Interest | 2 | 3 | 3 | 4 | 2 |
| Depreciation | 1 | 2 | 2 | 3 | 3 |
| Profit before tax | 4 | 4 | 7 | 18 | 18 |
| Tax % | 27 | 30 | 23 | 24 | 23 |
| Net Profit | 3 | 3 | 5 | 14 | 13 |
| EPS in Rs | 4.06 | 3.98 | 5.38 | 10.15 | 8.76 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 7 | 7 | 10 | 13 | 15 |
| Reserves | 5 | 7 | 14 | 84 | 140 |
| Borrowings | 24 | 43 | 37 | 25 | 37 |
| Other Liabilities | 7 | 4 | 10 | 7 | 11 |
| Total Liabilities | 42 | 62 | 71 | 128 | 203 |
| Fixed Assets | 19 | 24 | 32 | 37 | 50 |
| CWIP | 0 | 3 | 2 | 12 | 3 |
| Investments | 0 | 0 | 0 | 0 | 53 |
| Other Assets | 23 | 34 | 37 | 79 | 97 |
| Total Assets | 42 | 62 | 71 | 128 | 203 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | 2 | 7 | 6 | 2 |
| Cash from Investing Activity | -5 | -10 | -9 | -56 | -12 |
| Cash from Financing Activity | 6 | 14 | -2 | 47 | 10 |
| Net Cash Flow | 0 | 7 | -4 | -2 | 0 |
| Free Cash Flow | -6 | -8 | -2 | -12 | -11 |
| CFO/OP | -14 | 43 | 62 | 31 | 27 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 28 | 17 | 13 | 11 | 22 |
| Inventory Days | 33 | 25 | 48 | 54 | 83 |
| Days Payable | 13 | 3 | 4 | 1 | 3 |
| Cash Conversion Cycle | 49 | 39 | 58 | 64 | 101 |
| Working Capital Days | 12 | -13 | -2 | 40 | 49 |
| ROCE % | — | 16 | 17 | 23 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 70.66% | 70.68% | 75% |
| FIIs | 6.01% | 2.85% | 1.62% |
| DIIs | 3.29% | 3.94% | 3.76% |
| Government | 0% | 0% | 0% |
| Public | 18.38% | 18.69% | 17.12% |
| Others | 1.65% | 3.84% | 2.5% |
| No. of Shareholders | 1656 | 1002 | 937 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 6 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 556.3 | Buy |
| EMA (10) | 546.91 | Buy |
| SMA (20) | 535.96 | Buy |
| EMA (20) | 526.18 | Buy |
| SMA (50) | 445.51 | Buy |
| EMA (50) | 460.13 | Buy |
| SMA (100) | 357.71 | Buy |
| EMA (100) | 390.5 | Buy |
| SMA (200) | 288.25 | Buy |
| EMA (200) | 326.07 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 69.11 | Neutral |
| MACD (12,26,9) | 32.18 | Sell |
| Stochastic (14,3,3) | 47.29 | Neutral |
| ADX (14) | 49.52 | Buy |
| Williams %R (14) | -43.14 | Neutral |
| ATR (14) | 12.31 | Neutral |
| ROC (12) | 3.69 | Buy |
| Stoch RSI (14) | 25.7 | Neutral |
| UO (7,14,28) | 53.51 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-25 | [Newspaper Advertisement In Connection With 13Th Annual General Meeting (AGM) Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=790f0f00-c66b-4d4c-b3a9-2cfcfde13029.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8dc53713-b45d-4c06-9b7c-042ee4f92258.pdf) |
| 2026-08-24 | [Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Of The Company Held On 24Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cea7cc9c-62f8-454e-8d00-b60f94c6ca85.pdf) |
| 2026-08-24 | [13Th Annual General Meeting Of The Company Scheduled To Be Held On Thursday September 17 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3929097-9484-487f-bd9d-4bbdb4539f91.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d5ecc44-3d54-4038-8592-f6ca2749ace4.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86edbeb6-4ce5-4449-8d1f-e42da05bb620.pdf) |
| 2026-05-29 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On May 29 2026 Pursuant To Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=842c3776-6790-4295-8d4b-5a41eb7f4fca.pdf) |
| 2026-05-29 | [Statement Of Deviation(S) Or Variation(S) Pursuant To Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d259822-5840-4f47-bf1e-77ff74c0b52c.pdf) |
| 2026-05-25 | [Board Meeting Intimation for Intimation Under Regulation 29 Of The Notice Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 Regarding Meeting Of The Board Of Directors Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ea5baf4-b1a4-42ab-a3bd-e011452291df.pdf) |
| 2026-04-24 | [Announcement Under Regulation 30-General Updaes](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3998873f-594b-4b1d-ad61-2d43d32b855a.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Results-Audited Consolidated And Standalone Financial Results Of The Company For The Period Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6f506a3-e7c4-4245-b663-ef606189a762.pdf) |
| 2025-11-13 | [Results- Financial Results For Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cee33de-5c19-459e-bebd-ba10e4103faa.pdf) |
| 2025-05-29 | [Results- Financial Results For The Period Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6223b2b5-0d7a-4df9-aea2-33dd7e9ab736.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Detonating Fuse trial with PSU copper miner completed successfully from Jan 23 to Apr 22, 2026. | [Announcements Under Regulation 30-General Updates 8h - Detonating Fuse trial with PSU copper miner completed successfully from Jan 23 to Apr 22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/379c6134-84e0-4cff-8904-51844ac5739b.pdf) |
| 8h - Detonating Fuse production commenced at Bhantala, Gujarat plant on 24.04.2026. | [Announcement Under Regulation 30-General Updaes 8h - Detonating Fuse production commenced at Bhantala, Gujarat plant on 24.04.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3998873f-594b-4b1d-ad61-2d43d32b855a.pdf) |
| 29 Jan - Registered office shifted within Gandhinagar to Swagat Twin City, effective January 29, 2026. | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address 29 Jan - Registered office shifted within Gandhinagar to Swagat Twin City, effective January 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef0b54b9-03e7-40fe-a1bb-c7a9abb6ae42.pdf) |
| 25 Feb - Preferential allotment of 2,230,641 shares at Rs.236 (₹526.43m) to promoter group; Board meeting March 2, 2026. | [Board Meeting Intimation for Allotment Of 22,30,641 Equity Shares 25 Feb - Preferential allotment of 2,230,641 shares at Rs.236 (₹526.43m) to promoter group; Board meeting March 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/053f5fdd-1689-4b2e-9ab6-b4888a54f4a3.pdf) |
| 24 Apr - Detonating Fuse trial with PSU copper miner completed successfully from Jan 23 to Apr 22, 2026. | [Announcements Under Regulation 30-General Updates 24 Apr - Detonating Fuse trial with PSU copper miner completed successfully from Jan 23 to Apr 22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/379c6134-84e0-4cff-8904-51844ac5739b.pdf) |
| 24 Apr - Detonating Fuse production commenced at Bhantala, Gujarat plant on 24.04.2026. | [Announcement Under Regulation 30-General Updaes 24 Apr - Detonating Fuse production commenced at Bhantala, Gujarat plant on 24.04.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3998873f-594b-4b1d-ad61-2d43d32b855a.pdf) |
| 2 Mar - Beezaasan allotted 22,30,641 shares at Rs.236 on March 2, 2026; Rs52.64Cr swap for 34.84% Asawara. | [Board Meeting Outcome for Outcome-Allotment Of 22,30,641 (Twenty Two Lakh Thirty Thousand Six Hundred And Fourty One) Fully Paid Up Equity Shares Of Face Value Of Rs. 10/-Each To Be Issued On Preferential Basis 2 Mar - Beezaasan allotted 22,30,641 shares at Rs.236 on March 2, 2026; Rs52.64Cr swap for 34.84% Asawara.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44c0de0f-7bab-40d2-9bb8-1d5f7ccd4fa7.pdf) |
| 17 Feb - Postal ballot passed: Sanjay Shrivastava appointed Whole-time Director; 8,661,827 votes (100%) on 13-02-2026. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 17 Feb - Postal ballot passed: Sanjay Shrivastava appointed Whole-time Director; 8,661,827 votes (100%) on 13-02-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ebb85892-c593-4e87-af40-e6fba16b5210.pdf) |
| 17 Apr - Submitted Regulation 74(5) certificate for half-year ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Apr - Submitted Regulation 74(5) certificate for half-year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29190ec4-6cbf-4614-a88b-d136cfd58235.pdf) |
| 12 Feb - Preferential allotment of 836,220 promoter shares approved; shares reclassified as frequently traded; approvals Nov 25 and Dec 18, 2025. | [Announcement under Regulation 30 (LODR)-Preferential Issue 12 Feb - Preferential allotment of 836,220 promoter shares approved; shares reclassified as frequently traded; approvals Nov 25 and Dec 18, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96505c0a-9789-4374-9c12-1b7b1b1667d2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D30CE35A_11E6_4AA1_A5EA_C0659F3DA699_101530.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35ed68d8-dc0e-4b6c-8a92-21348ab11592.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35ed68d8-dc0e-4b6c-8a92-21348ab11592.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1732_SANGHVIFOR_2012_2013_13092013133556.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_SANGHVIFOR_2011_2012_17092012124901.zip) |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SANGHVIFOR_2010_2011_21092011102222.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6be74a8-bd2b-4666-9537-ad526b0622da.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533411/67834533411_16_12_20.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533411/5334110319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533411/5334110318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533411/5334110317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/533411/5334110316.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/533411/5334110315.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:54.523Z.