Bhansali Engineering Polymers vs. Supreme Petrochem vs. Styrenix Performance Materials vs. Savita Oil vs. DCW

Overview & Business Model Comparison:

Parameter Bhansali Engineering Polymers Ltd Supreme Petrochem Ltd Styrenix Performance Materials Ltd Savita Oil Technologies Ltd DCW Ltd
Founded 1984 1989 1973 (as INEOS Styrolution India, now Styrenix since 2023) 1961 1939
Primary Business Activity Manufacturing & Sale of Acrylonitrile Butadiene Styrene (ABS) polymers & SAN (Styrene Acrylonitrile Resins). Polystyrene, Expandable Polystyrene (EPS), Masterbatches, Compounds, and Styrene Monomer production. Polystyrene (General Purpose & High Impact), ABS specialties, Styrenic polymers & compounds. Specialty Petroleum Products: Transformer Oils, Lubricants, White Oils, Renewable Energy Generation (Wind Power). Multi-product chemical company manufacturing PVC, Caustic Soda, Soda Ash, Synthetic Iron Oxide Pigments, CPVC resin.
Segments ABS and SAN Polymer segment Petrochemical products (Polystyrene, EPS, Compounds & Masterbatches, Styrene Monomer) Styrenic plastics & performance materials Lubricants & Petroleum Specialties, Renewable Energy Chemicals, Specialty Chemicals
Market Position One of India’s leading producers of ABS polymers. Largest producer of polystyrene in India. Leading producer of styrenics-based products & innovative solutions in India. Leader in transformer oils, petroleum specialties, and lubricants in India. Well-established multi-segment chemical player in India.

Financial Metrics & Market Capitalization (As of July 2025):

Parameter Bhansali Engineering Polymers Ltd Supreme Petrochem Ltd Styrenix Performance Materials Ltd Savita Oil Technologies Ltd DCW Ltd
Market Cap (₹ Crore) ~1,715 ~10,882 ~1,738 ~2,309 ~1,448
Revenue (FY 2024; ₹ Cr) 1,477 5,729 2,144 3,376 3,084
Net Profit Margin (FY24) ~6.2% ~9.6% ~9.2% ~7.3% ~3.5%
Debt to Equity Ratio (FY24) Negligible (~0) Negligible (~0.03) Negligible (<0.05) Negligible (~0.05) Moderate (~0.45)
Return on Equity (ROE) FY24 ~15% ~27% ~17% ~17% ~12%

Note: These metrics are indicative; precise numbers may vary.


Profit Formulas & Revenue Streams:

Bhansali Engineering Polymers Ltd:

  • Revenue primarily from manufacturing and selling ABS and SAN Polymers used widely in automotive, consumer electronics, and home appliances.

Supreme Petrochem Ltd:

  • Revenue largely from polystyrene, expandable polystyrene, masterbatches, and compounds supplied to industries such as packaging, refrigeration, electronics, and automotive.

Styrenix Performance Materials Ltd:

  • Sales predominantly from Polystyrene (general purpose and high-impact), ABS specialties, and innovative styrenic solutions for industries like automotive, electronics, packaging, healthcare, and household goods.

Savita Oil Technologies Ltd:

  • Main revenue streams include transformer oils, industrial lubricants, automotive lubricants, petroleum specialties, white oils, and renewable energy generation.

DCW Ltd:

  • Multi-product revenues from chemicals (PVC, caustic soda, soda ash), synthetic iron oxide pigments, specialty chemicals, and CPVC resin.

Key Investors & Shareholding Patterns:

Parameter Bhansali Engineering Polymers Ltd Supreme Petrochem Ltd Styrenix Performance Materials Ltd Savita Oil Technologies Ltd DCW Ltd
Promoter Stake (%) (as of June 2025) 56.4% 62.2% 62.7% 71.8% 45.4%
Institutional Holdings Moderate institutional interest (~5%) High institutional holding (~10-12%) Moderate to High institutional holding (~7-10%) Moderate institutional interest (~5%) Moderate institutional holding (~5-7%)

Strengths & Weaknesses:

Company Strengths Weaknesses
Bhansali Engineering Polymers Strong market presence in ABS polymers, debt-free financial profile, cost-efficient operations, focused product portfolio. Limited diversification; high exposure to ABS market volatility and raw material (styrene) pricing risks.
Supreme Petrochem Ltd Market leadership, diverse customer base, scale economies, strong promoter group (Supreme Industries), strong financial metrics. Exposure to volatile petrochemical prices, dependence on imported feedstock, limited geographical diversification.
Styrenix Performance Materials Innovative product portfolio, strong parentage (formerly INEOS Styrolution), diversified industry applications, efficient R&D capabilities. Sensitivity to styrene monomer prices, significant dependence on automotive and electronics industry cycles.
Savita Oil Technologies Strong brand reputation in specialty lubricants, wide customer base, vertically integrated manufacturing, renewable energy presence. Competition from larger global lubricant players, susceptibility to crude oil price fluctuations, limited export market penetration.
DCW Ltd Diversified product portfolio, established distribution network, significant scale in caustic soda & PVC segments. Moderate leverage (higher debt compared to peers), operational volatility, regulatory risks related to chemicals manufacturing.

Future Strategies & Expansion Plans:

  • Bhansali Engineering Polymers Ltd aims at enhancing capacity utilization, efficiency in operations, and exploring export opportunities to expand internationally.

  • Supreme Petrochem Ltd plans significant capacity expansion in polystyrene and EPS segments; continuous innovation through new value-added products.

  • Styrenix Performance Materials Ltd intends to accelerate specialty polymer innovation, sustainability-focused products, and higher penetration in automotive & healthcare sectors.

  • Savita Oil Technologies Ltd continues to expand its specialty lubricant and transformer oil portfolio, growing renewable energy (wind power) footprint, and increasing global market reach.

  • DCW Ltd aims at capacity debottlenecking in caustic soda, PVC expansions, enhancing specialty chemical segments, and emphasizing operational efficiencies to reduce debt.

Key Customer Segments:

Company Major Customers/Industries
Bhansali Engineering Polymers Automotive, Consumer Electronics, Appliances, Consumer Goods
Supreme Petrochem Ltd Packaging, Refrigeration, Automotive, Consumer Electronics, Construction
Styrenix Performance Materials Ltd Automotive, Electronics, Healthcare, Consumer Durables, Packaging
Savita Oil Technologies Ltd Power utilities (transformer oils), Automotive, Industrial Machinery, Lubricant distributors, Renewable energy
DCW Ltd Construction, Water treatment, PVC processors, Glass & detergent manufacturers, Paints & coatings

Date Updated:

August 1, 2025

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