Ganesh Benzoplast Ltd
The company is an independent Liquid Storage Tank (LST) provider with 83 storage tanks since 1993 and is a Manufacturer & exporter of food preservatives, lubricant additives & specialty chemicals since 1986.[1]
- Market Cap ₹ 985 Cr.
- Current Price ₹ 151
- High / Low ₹ 180 / 105
- Stock P/E 19.2
- Book Value ₹ 54.4
- Dividend Yield 0.00 %
- ROCE 20.8 %
- ROE 16.5 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 42.3 to 32.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 2.67% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
101 | 118 | 115 | 121 | 119 | 118 | 169 | 211 | 247 | 259 | 291 | 193 | |
69 | 80 | 79 | 98 | 81 | 80 | 117 | 155 | 183 | 184 | 233 | 115 | |
Operating Profit | 33 | 39 | 36 | 23 | 37 | 38 | 52 | 56 | 63 | 76 | 58 | 78 |
OPM % | 32% | 33% | 31% | 19% | 32% | 32% | 31% | 27% | 26% | 29% | 20% | 40% |
2 | 2 | -4 | 11 | 37 | 1 | 52 | -2 | -7 | -5 | 2 | 11 | |
Interest | 15 | 14 | 14 | 15 | 16 | 15 | 11 | 10 | 9 | 6 | 3 | 5 |
Depreciation | 17 | 18 | 19 | 19 | 11 | 11 | 12 | 12 | 13 | 14 | 13 | 15 |
Profit before tax | 1 | 9 | 0 | 0 | 48 | 13 | 81 | 31 | 34 | 51 | 44 | 68 |
Tax % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 53% | 27% | 25% |
Net Profit | 1 | 9 | 0 | 0 | 48 | 13 | 81 | 31 | 34 | 24 | 32 | 51 |
EPS in Rs | 0.23 | 1.69 | 0.03 | 0.02 | 9.30 | 2.46 | 15.58 | 6.04 | 6.50 | 3.78 | 5.14 | 7.81 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 3% |
3 Years: | -8% |
TTM: | -34% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 11% |
3 Years: | 8% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 12% |
3 Years: | 71% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | |
Reserves | -99 | -90 | -90 | -90 | -42 | -29 | 75 | 106 | 140 | 228 | 261 | 348 |
287 | 281 | 273 | 254 | 194 | 177 | 86 | 66 | 62 | 48 | 24 | 62 | |
30 | 44 | 49 | 57 | 54 | 71 | 72 | 73 | 63 | 76 | 82 | 70 | |
Total Liabilities | 224 | 240 | 238 | 226 | 212 | 225 | 239 | 251 | 271 | 359 | 373 | 487 |
165 | 158 | 152 | 140 | 137 | 150 | 152 | 164 | 165 | 162 | 164 | 209 | |
CWIP | 0 | 6 | 2 | 2 | 15 | 3 | 8 | 12 | 11 | 12 | 20 | 44 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 68 | 68 | 69 |
58 | 77 | 84 | 84 | 60 | 72 | 77 | 74 | 94 | 118 | 121 | 165 | |
Total Assets | 224 | 240 | 238 | 226 | 212 | 225 | 239 | 251 | 271 | 359 | 373 | 487 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | 37 | 26 | 27 | 42 | 36 | 39 | 60 | 27 | 57 | 83 | 71 | |
-13 | -16 | -8 | -8 | -15 | -10 | -19 | -27 | -13 | -31 | -66 | -94 | |
-14 | -22 | -18 | -19 | -24 | -28 | -21 | -30 | -14 | -20 | -16 | 16 | |
Net Cash Flow | 0 | -1 | -1 | -0 | 2 | -1 | -1 | 3 | 0 | 7 | 1 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 37 | 58 | 51 | 52 | 56 | 66 | 70 | 54 | 52 | 56 | 39 | 32 |
Inventory Days | 30 | 58 | 63 | 38 | 27 | 60 | 28 | 21 | 25 | 61 | -0 | |
Days Payable | 182 | 270 | 302 | 306 | 440 | 550 | 343 | 228 | 180 | 233 | ||
Cash Conversion Cycle | -115 | -154 | -189 | -216 | -357 | -424 | -244 | -153 | -104 | -116 | 39 | 32 |
Working Capital Days | -31 | -31 | -18 | -54 | -80 | -47 | -49 | -50 | 0 | 29 | 3 | -4 |
ROCE % | 9% | 12% | 11% | 2% | 17% | 19% | 26% | 26% | 26% | 26% | 17% | 21% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Financial Statement (Standalone and Consolidated) for the quarter and year ended March 31, 2023 was duly published in the following Newspapers: The Business Standard, Mumbai …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - The Company will be holding Post Results investor/analyst conference call on Tuesday, May 30, 2023 at 04.00 p.m. IST to discuss the financial performance of …
- Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2023 2d
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Annual Secretarial Compliance Report of M/s Ganesh Benzoplast Limited (the "Company") for the Financial Year ended March 31, 2023, issued by VKM & Associates., Practicing …
- Statement Of NIL Deviation(S) Or Variation(S) Of Preferential Issue Of Convertible Warrants Utilization Proceeds 2d
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
Jul 2022TranscriptNotesPPT
-
Jul 2022TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
Products & Facilities
1. Liquid Storage Terminal (LST) Division: Specialized in storage and handling of liquid chemicals and oil products. Storage tanks are located at JNPT (Navi Mumbai), Cochin & Goa Terminals. They have a total capacity of 3,03,000 KL Under the LST division they provide services like storage, blending, drumming, Bunkering and barging.
2. Chemical: They deal in food preservatives, lubricant additives & specialty chemicals. They have 2 Facilities at MIDC Tarapur. They have a Capacity of 24,000 MTPA. It enjoys a virtual monopoly of pure Benzoic Acid & its derivatives in India. [1][2]