MarketFriction

Ganesh Benzoplast Ltd

NSE GANESHBE · BSE 500153 · Oil Storage & Transportation
₹124.40 -4.99%
NSE close2026-10-01
52 week range68.40 - 143.00
Market cap₹994 Cr.
P/E15.2
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1031061468898891009699105111118
Expenses7782125627362686777839190
Operating Profit252421252527322922222127
OPM %25%23%14%29%25%30%32%30%22%21%18%23%
Other Income227454-40417855
Interest1-01121221112
Depreciation556666666666
Profit before tax212121222224-162532221924
Tax %27%23%32%25%25%24%-18%28%25%27%18%27%
Net Profit161614161618-131824161518
EPS in Rs2.292.361.992.282.292.55-1.832.523.302.242.122.44
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales169211247270357421477374411433
Expenses117155183191296333381266318342
Operating Profit525663796188961089491
OPM %31%27%26%29%17%21%20%29%23%21%
Other Income52-2-7-42813-273435
Interest111097445765
Depreciation12121315151720222424
Profit before tax81313453457484529897
Tax %0%0%0%59%28%26%27%27%25%
Net Profit81313422335561387373
EPS in Rs15.586.046.503.515.248.458.535.2010.0910.10
Dividend Payout %0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%9%-1%13%
Compounded Profit Growth%20%4%-22%
Stock Price CAGR14%10%-3%57%
Return on Equity%13%13%11%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666667777
Reserves75106140226274350494531604
Borrowings866662592662576476
Other Liabilities7273638791115118121163
Total Liabilities239251271378398533677724850
Fixed Assets152164165232233277335391421
CWIP8121112204446621
Investments11121618201924
Other Assets777494132129194276308384
Total Assets239251271378398533677724850
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity396027578641836063
Cash from Investing Activity-19-27-13-40-59-62-147-65-62
Cash from Financing Activity-21-30-14-9-251573-1-2
Net Cash Flow-13072-710-6-1
Free Cash Flow2032134366-3121-1
CFO/OP76%108%42%60%120%38%110%71%94%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days705452553422455749
Inventory Days2821256120993490129
Days Payable34322818023812710189139142
Cash Conversion Cycle-244-153-104-122-7220-10836
Working Capital Days-49-5001-6133188
ROCE %26%26%26%16%21%18%18%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters40.97%40.97%39.01%39.01%39.01%39.01%39.01%39.01%39.01%39.01%39.01%39.01%
FIIs2.94%2.97%5.20%5.24%5.08%5.09%5.07%5.62%3.96%3.45%0.73%1.12%
DIIs0.02%0.00%0.10%0.01%0.00%0.00%0.00%0.33%0.52%0.76%0.76%0.98%
Public56.08%56.07%55.69%55.75%55.91%55.90%55.91%55.05%56.50%56.78%59.51%58.88%
No. of Shareholders43,41744,16050,62051,81054,35654,44352,97653,54653,41652,31551,14551,013

Fundamentals

Market Cap₹ 994 Cr.
Current Price₹ 138
Stock P/E15.2
Book Value₹ 84.9
ROCE14.5 %
ROE10.7 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)-22%
Consolidated figures.
Valuation
Market capRs 896 Cr
Enterprise valueRs 861 Cr
P/E (TTM)12.30x
Price to book1.66x
Price to sales2.07x
EV / EBITDA6.80x
EV / EBIT8.42x
EV / sales1.99x
Price to cash flow15.02x
Earnings yield8.13%
P/E, 3-year average20.28x
P/B, 3-year average2.33x
P/E, 5-year average19.62x
P/B, 5-year average2.19x
Profitability
Operating margin (excl. other income)28.93%
Operating margin (incl. other income)21.71%
EBITDA margin29.21%
Pre-tax margin22.33%
Net profit margin16.80%
Net margin, latest quarter14.96%
ROE7.19%
ROCE10.15%
ROA5.34%
ROE, 3-year average12.93%
ROCE, 3-year average16.64%
ROA, 3-year average9.11%
ROE, 5-year average12.62%
ROCE, 5-year average18.07%
ROA, 5-year average8.50%
ROIC (approx.)14.90%
Tax rate26.64%
Other income / net worth-5.02%
Growth
Sales growth (latest year)-21.52%
Profit growth (latest year)-39.13%
Sales CAGR, 3 years1.55%
Sales CAGR, 5 years8.71%
Profit CAGR, 3 years4.59%
Profit CAGR, 5 years2.13%
Sales growth QoQ5.41%
Profit growth QoQ14.98%
Sales growth YoY (latest quarter)22.88%
Profit growth YoY (latest quarter)-3.03%
Per share
EPS (TTM)Rs 10.11
EPS (latest year)Rs 5.20
EPS (latest quarter)Rs 2.44
EPS, 3-year averageRs 7.39
EPS, 5-year averageRs 6.19
Book value per shareRs 74.78
Sales per shareRs 60.19
Cash flow per shareRs 8.28
Free cash flow per shareRs -0.14
Efficiency
Asset turnover0.52x
Fixed asset turnover0.96x
Inventory turnover7.41x
Inventory days49 days
Debtor days57 days
Debtors turnover6.41x
Creditor days142 days
Cash conversion cycle36 days
Working capital days8 days
Leverage
Total debtRs 64 Cr
Cash and bankRs 99 Cr
Net debtRs -35 Cr
Debt to equity0.12x
Net debt / EBITDA-0.28x
Interest coverage18.69x
Current ratio (filing 2026-03-31)1.65x
Quick ratio (filing 2026-03-31)1.39x
Trade payables (filing 2026-03-31)Rs 42 Cr
Owners' fund to total sources74.41%
Debt to assets8.81%
Cash flow
Cash from Operating Activity (latest year)Rs 60 Cr
Cash from Investing Activity (latest year)Rs -65 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -6 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years1.28x
Sales to cash flow6.28x
Statement figures
Net sales (TTM)Rs 433 Cr
Net sales (latest year)Rs 374 Cr
Sales (latest quarter)Rs 118 Cr
Operating profit excl. other income (latest year)Rs 108 Cr
Operating profit (latest quarter)Rs 27 Cr
Other income (TTM)Rs 35 Cr
EBITDA (TTM)Rs 127 Cr
PBDT (TTM)Rs 121 Cr
Profit before tax (TTM)Rs 97 Cr
Tax (latest year)Rs 14 Cr
Net profit (TTM)Rs 73 Cr
Net profit (latest year)Rs 37 Cr
Net profit (latest quarter)Rs 18 Cr
Depreciation (TTM)Rs 24 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 194 Cr
Total expenditure (latest year)Rs 266 Cr
Total income (latest year)Rs 347 Cr
Share capitalRs 7 Cr
ReservesRs 531 Cr
Shareholders' fundsRs 538 Cr
Total assetsRs 724 Cr
Net blockRs 391 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 19 Cr
ReceivablesRs 58 Cr
InventoryRs 26 Cr
Other liabilitiesRs 121 Cr
Shares outstanding (crore)7.20
Ownership
Promoter holding39.01% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.3 is at the 26th percentile of its own 7.4-year range (median 17.0, low 2.1, high 55.0).
P/B 1.66 is at the 17th percentile (median 3.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGANESHBENifty 50Difference
1 week-1.7%-2.8% +1.1 pts
1 month+6.9%-6.8% +13.7 pts
3 months+20.4%-7.6% +28.0 pts
6 months+72.6%+0.4% +72.2 pts
1 year+39.7%-9.9% +49.6 pts
2 years-16.3%-13.6% -2.7 pts
3 years-17.8%+14.2% -31.9 pts
5 years+44.0%+27.9% +16.1 pts

Red flags

F-score 5 of 8
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹118 Cr +22.9% vs Jun 2025. Net profit ₹18 Cr +0.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-09-22Annual General Meeting
2022-09-19Annual General Meeting
2021-09-17 Annual General Meeting
DateTypeWhat it says
2026-10-01Concall / analyst meetSchedule of meet
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-29Press ReleaseA press release dated September 29, 2026, titled "Press Release".
2026-09-29Board meeting outcomeOutcome of Board Meeting held on September 29, 2026.
2026-09-07General UpdatesWeblink of Annual Report sent to Physical shareholders
2026-09-07General UpdatesBusiness Responsibility and Sustainability Report (BRSR) for the financial year 2025-26
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026 at 3:00 pm
2026-09-02Board meeting outcomeOutcome of Board Meeting held on September 02, 2026.
2026-08-28Disclosure under SEBI TakeovRavi Pilani has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in ...
2026-08-28General UpdatesIntimation under Regulation 30 of SEBI (LODR) Regulations, 2015
2026-08-20General UpdatesDisclosure under Regulation 30 of SEBI listing Regulations, 2015-updates
2026-08-19General UpdatesIntimation under Regulation 30 of SEBI LODR Regulations
2026-08-14General UpdatesIncorporation of Wholly owned subsidiary in Singapore
2026-08-11General UpdatesStatement Of Nil Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (LODR) Regulations, 2015
2026-08-11Board meeting outcomeGanesh Benzoplast Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-16General UpdatesDisclosure Under regulation 30-updates
2026-06-09Concall / analyst meetTranscript
2026-06-08Concall / analyst meetLink of Recording
2026-06-08Investor PresentationInvestor Presentation
2026-06-02Disclosure under SEBI TakeovGanesh Benzoplast Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-05-28General UpdatesAnnual secretarial compliance report for March 31, 20226
2026-05-28Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-28Concall / analyst meetSchedule of meet on Monday, 8th June, 2026 at 2.30 pm IST
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03