Ganesh Benzoplast Ltd

Ganesh Benzoplast Ltd

₹ 151 1.34%
26 May - close price
About

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]

Key Points

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]

  • 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
67 52 54 63 90 74 77 90 51 46 46 49 52
48 31 34 44 75 57 64 76 36 28 28 27 32
Operating Profit 19 21 21 19 15 16 13 14 15 18 18 22 20
OPM % 29% 40% 38% 30% 17% 22% 17% 15% 30% 39% 40% 45% 38%
-4 -2 -1 -1 -0 0 0 1 1 2 4 2 3
Interest 3 1 3 1 1 1 1 1 1 1 1 1 2
Depreciation 3 3 3 3 4 4 2 3 4 4 3 4 4
Profit before tax 9 14 13 14 10 12 10 11 11 15 17 19 16
Tax % -0% -0% 25% 24% 205% 25% 27% 28% 29% 28% 22% 26% 25%
Net Profit 9 14 10 10 -11 9 7 8 8 11 14 14 12
EPS in Rs 1.79 2.76 1.85 1.66 -1.70 1.47 1.12 1.26 1.28 1.79 2.17 2.14 1.88
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
43.33 43.33 43.33 43.14 43.14 43.14 44.41 44.41 44.51 44.68 42.80 42.80
0.34 0.28 0.00 0.21 0.21 0.21 0.21 0.21 0.64 0.66 1.01 3.37
0.21 0.17 0.17 0.15 0.15 0.15 0.15 0.15 0.00 0.00 0.00 0.00
56.12 56.22 56.50 56.50 56.50 56.50 55.24 55.24 54.85 54.65 56.20 53.83

* 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.

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Documents

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