Ganesh Benzoplast Ltd

Ganesh Benzoplast Ltd

₹ 107 -1.33%
22 May - 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 preservative,s and oil additives.

  • Market Cap 774 Cr.
  • Current Price 107
  • High / Low 180 / 101
  • Stock P/E 10.9
  • Book Value 74.8
  • Dividend Yield 0.00 %
  • ROCE 17.7 %
  • ROE 13.6 %
  • 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 8.71% over past five years.
  • Debtor days have increased from 41.4 to 57.0 days.
  • Promoter holding has decreased over last 3 years: -5.39%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
96 92 96 99 134 122 103 106 146 88 98 89 100
79 72 76 75 111 97 77 82 125 62 73 62 68
Operating Profit 16 20 20 24 23 25 25 24 21 25 25 27 32
OPM % 17% 22% 21% 24% 17% 21% 25% 23% 14% 29% 25% 30% 32%
1 1 3 2 1 3 2 2 7 4 5 4 -40
Interest 1 1 1 2 0 3 1 -0 1 1 2 1 2
Depreciation 4 4 4 4 5 5 5 5 6 6 6 6 6
Profit before tax 12 17 18 20 20 21 21 21 21 22 22 24 -16
Tax % 30% 27% 24% 27% 25% 26% 27% 23% 32% 25% 25% 24% -18%
9 12 14 15 15 15 16 16 14 16 16 18 -13
EPS in Rs 1.36 1.97 2.17 2.23 2.26 2.38 2.29 2.36 1.99 2.28 2.29 2.55 -1.83
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
169 211 247 270 357 421 477 374
117 155 183 191 296 333 381 266
Operating Profit 52 56 63 79 61 88 96 108
OPM % 31% 27% 26% 29% 17% 21% 20% 29%
52 -2 -7 -4 2 8 13 -27
Interest 11 10 9 7 4 4 5 7
Depreciation 12 12 13 15 15 17 20 22
Profit before tax 81 31 34 53 45 74 84 52
Tax % 0% 0% 0% 59% 28% 26% 27% 27%
81 31 34 22 33 55 61 38
EPS in Rs 15.58 6.04 6.50 3.51 5.24 8.45 8.53 5.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 2%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 29%
TTM: 16%
Stock Price CAGR
10 Years: 25%
5 Years: 31%
3 Years: -4%
1 Year: -30%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 15%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 6 6 6 6 6 7 7 7
Reserves 75 106 140 226 274 350 494 531
86 66 62 59 26 62 57 64
72 73 63 87 91 115 118 121
Total Liabilities 239 251 271 378 398 533 677 724
152 164 165 232 233 277 335 391
CWIP 8 12 11 12 20 44 46 6
Investments 1 1 1 2 16 18 20 19
77 74 94 132 129 194 276 308
Total Assets 239 251 271 378 398 533 677 724

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
39 60 27 57 86 41 83 55
-19 -27 -13 -40 -59 -62 -147 -60
-21 -30 -14 -9 -25 15 73 -1
Net Cash Flow -1 3 0 7 2 -7 10 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 70 54 52 55 34 22 45 57
Inventory Days 28 21 25 61 20 99 34 90
Days Payable 343 228 180 238 127 101 89 139
Cash Conversion Cycle -244 -153 -104 -122 -72 20 -10 8
Working Capital Days -49 -50 0 34 6 30 14 47
ROCE % 26% 26% 26% 16% 21% 18% 18%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
44.51% 44.68% 42.80% 42.80% 42.80% 40.97% 40.97% 39.01% 39.01% 39.01% 39.01% 39.01%
0.64% 0.66% 1.01% 3.37% 2.92% 2.94% 2.97% 5.20% 5.24% 5.08% 5.09% 5.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.10% 0.01% 0.00% 0.00% 0.00%
54.85% 54.65% 56.20% 53.83% 54.29% 56.08% 56.07% 55.69% 55.75% 55.91% 55.90% 55.91%
No. of Shareholders 41,81540,63040,45240,53041,17343,41744,16050,62051,81054,35654,44352,976

* 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.

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