Ganesh Benzoplast Ltd

Ganesh Benzoplast Ltd

₹ 138 -0.85%
13 Dec - close price
About

Incorporated in 1986, Ganesh Benzoplast Ltd provides conditioned storage facilities for bulk liquids and chemicals at various ports in India and also manufactures & exports premium range of specialty chemicals, food preservatives and Industrial lubricants and rail logistics[1]

Key Points

Business Overview:[1]
GBL is an independent Liquid Storage Tank (LST) provider, specializing in the storage and handling of liquid chemicals and oil products and has storage terminals at Jawaharlal Nehru Port Trust - JNPT (Navi Mumbai), Cochin Port Trust - Cochin and Mormugao Port Trust - Goa. GBL is also in the business of manufacturing of speciality chemicals, food preservatives and oil additives

  • Market Cap 993 Cr.
  • Current Price 138
  • High / Low 217 / 127
  • Stock P/E 15.9
  • Book Value 73.6
  • Dividend Yield 0.00 %
  • ROCE 18.0 %
  • ROE 14.1 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.45% over past five years.
  • Debtor days have increased from 44.0 to 61.0 days.
  • Promoter holding has decreased over last 3 years: -4.12%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
77 90 51 46 46 49 52 51 56 59 60 48 54
64 76 36 28 28 27 32 30 34 35 39 25 33
Operating Profit 13 14 15 18 18 22 20 22 22 24 22 23 22
OPM % 17% 15% 30% 39% 40% 45% 38% 42% 39% 42% 36% 48% 40%
0 1 1 2 4 2 3 3 4 2 7 4 4
Interest 1 1 1 1 1 1 2 2 1 2 1 1 2
Depreciation 2 3 4 4 3 4 4 4 4 4 5 5 5
Profit before tax 10 11 11 15 17 19 16 19 20 21 22 21 20
Tax % 27% 28% 29% 28% 22% 26% 25% 26% 26% 24% 27% 25% 25%
7 8 8 11 14 14 12 14 15 16 16 16 15
EPS in Rs 1.12 1.26 1.28 1.79 2.17 2.14 1.88 2.12 2.18 2.32 2.25 2.19 2.04
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
118 115 121 119 118 169 211 247 259 291 193 227 222
80 79 98 81 80 117 155 183 184 233 115 137 131
Operating Profit 39 36 23 37 38 52 56 63 76 58 78 89 91
OPM % 33% 31% 19% 32% 32% 31% 27% 26% 29% 20% 40% 39% 41%
2 -4 11 37 1 52 -2 -7 -5 2 11 16 17
Interest 14 14 15 16 15 11 10 9 6 3 5 6 6
Depreciation 18 19 19 11 11 12 12 13 14 13 15 17 19
Profit before tax 9 0 0 48 13 81 31 34 51 44 68 82 83
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 53% 27% 25% 26%
9 0 0 48 13 81 31 34 24 32 51 61 62
EPS in Rs 1.69 0.03 0.02 9.30 2.46 15.58 6.04 6.50 3.78 5.14 7.81 8.42 8.80
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 1%
3 Years: -4%
TTM: 7%
Compounded Profit Growth
10 Years: 24%
5 Years: 12%
3 Years: 32%
TTM: 13%
Stock Price CAGR
10 Years: 39%
5 Years: 29%
3 Years: 8%
1 Year: -10%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 7 7 7
Reserves -90 -90 -90 -42 -29 75 106 140 228 276 348 492 523
281 273 254 194 177 86 66 62 48 24 62 55 59
44 49 57 54 71 72 73 63 76 67 70 75 71
Total Liabilities 240 238 226 212 225 239 251 271 359 373 487 630 660
158 152 140 137 150 152 164 165 162 164 209 265 291
CWIP 6 2 2 15 3 8 12 11 12 20 44 46 27
Investments 0 0 0 0 0 1 1 1 68 68 69 69 70
77 84 84 60 72 77 74 94 118 121 165 249 272
Total Assets 240 238 226 212 225 239 251 271 359 373 487 630 660

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
37 26 27 42 36 39 60 27 57 83 68 51
-16 -8 -8 -15 -10 -19 -27 -13 -31 -66 -94 -120
-22 -18 -19 -24 -28 -21 -30 -14 -20 -16 19 76
Net Cash Flow -1 -1 -0 2 -1 -1 3 0 7 1 -7 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 51 52 56 66 70 54 52 56 39 32 61
Inventory Days 58 63 38 27 60 28 21 25 61 0
Days Payable 270 302 306 440 550 343 228 180 233
Cash Conversion Cycle -154 -189 -216 -357 -424 -244 -153 -104 -116 39 32 61
Working Capital Days -31 -18 -54 -80 -47 -49 -50 0 29 3 -5 3
ROCE % 12% 11% 2% 17% 19% 26% 26% 26% 26% 16% 20% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.41% 44.41% 44.51% 44.68% 42.80% 42.80% 42.80% 40.97% 40.97% 39.01% 39.01% 39.01%
0.21% 0.21% 0.64% 0.66% 1.01% 3.37% 2.92% 2.94% 2.97% 5.20% 5.24% 5.08%
0.15% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.10% 0.01% 0.00%
55.24% 55.24% 54.85% 54.65% 56.20% 53.83% 54.29% 56.08% 56.07% 55.69% 55.75% 55.91%
No. of Shareholders 40,81039,99441,81540,63040,45240,53041,17343,41744,16050,62051,81054,356

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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