Beezaasan Explotech Ltd – Company Report
1. Company Overview
Beezaasan Explotech Ltd, incorporated in August 2013 and headquartered in Gujarat, is a leading Indian manufacturer and supplier of high-quality industrial explosives and explosive accessories. The company’s expertise spans over six decades with origins in explosives trading dating back to 1966, before entering the manufacturing sector in 2018 as the first explosives unit in Gujarat. Beezaasan specializes in products critical to mining, cement, construction, and defense industries—including major contracts with government bodies like Coal India, Uranium Corporation of India, and the Border Roads Organisation.
With state-of-the-art manufacturing facilities and robust safety practices, Beezaasan operates across 11 Indian states and two Union Territories. The company’s licensed capacities are notable: 45,000 MT/year for slurry explosives, 11,400 MT/year for emulsion explosives, and 51 million meters/year for detonating fuse. It is ISO certified for quality, environmental, and occupational safety management. Their operations span over 40 lakh sq. ft. in Bhanthala, Gujarat, with an additional 20 lakh sq. ft. for storage under PESO regulation.
- Incorporated: August 2013
- Headquarters: Gujarat, India
- Manufacturing Capacity: 45,000 MT slurry explosives, 11,400 MT emulsion explosives, 51 million meters detonating fuse
- Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- Employees: 188 (as of September 2024) at plant and offices
- Legal Status: Public Limited Company, BSE SME listed
- Product Portfolio: Slurry explosives, emulsion explosives, detonating fuse, cast boosters
2. Products and Services
Beezaasan Explotech Ltd delivers a one-stop solution for explosives and accessories, offering:
- Slurry Explosives: Mixtures designed for precise, efficient blasting in mining, construction, and seismic operations.
- Emulsion Explosives: Water-resistant, high-energy explosives for challenging field conditions.
- Detonating Fuse: Safe, reliable detonation systems for controlled explosions.
- Cast Boosters: High-energy initiating devices to ensure complete detonation of explosive columns.
The product range is supported by comprehensive safety standards and rigorous testing, including field and lab trials and PESO approvals.
3. Recent News and Developments
- Completed a ₹59.93 crore IPO in February 2025 for manufacturing expansion, debt repayment, and technology upgrades.
- Increased stake in Asawara Industries Ltd from 51% to 100%, making it a wholly-owned subsidiary.
- Invested in advanced production equipment and expanded emulsion and detonating fuse facilities.
- Built strong, long-standing relationships with PSU clients and expanded coverage in both government and private sectors.
4. Financial Performance
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue | ₹215 Cr | ₹187 Cr |
| Operating Profit | ₹23 Cr | ₹11 Cr |
| Net Profit | ₹13.9 Cr | ₹5 Cr |
| Operating Profit Margin | 11% | – |
| Net Profit Margin | 6% | – |
| Earnings Per Share (EPS) | ₹10.15 | – |
| Return on Equity (ROE) | 21% | – |
| Dividend | None | – |