Ganesh Benzoplast Ltd

Ganesh Benzoplast Ltd

₹ 167 -1.10%
30 Aug - 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 1,199 Cr.
  • Current Price 167
  • High / Low 217 / 127
  • Stock P/E 19.2
  • Book Value 69.7
  • Dividend Yield 0.00 %
  • ROCE 18.1 %
  • ROE 14.4 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 33.8 to 45.0 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.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
78 82 102 96 92 96 99 134 122 103 106 146 88
61 71 85 79 72 76 75 111 97 77 82 125 62
Operating Profit 17 10 17 16 20 20 24 23 25 25 24 21 25
OPM % 22% 13% 17% 17% 22% 21% 24% 17% 21% 25% 23% 14% 29%
0 0 1 1 1 3 2 1 3 2 2 7 4
Interest 1 1 1 1 1 1 2 0 3 1 -0 1 1
Depreciation 4 3 3 4 4 4 4 5 5 5 5 6 6
Profit before tax 13 7 14 12 17 18 20 20 21 21 21 21 22
Tax % 25% 38% 23% 30% 27% 24% 27% 25% 26% 27% 23% 32% 25%
9 4 11 9 12 14 15 15 15 16 16 14 16
EPS in Rs 1.50 0.69 1.69 1.36 1.97 2.17 2.23 2.26 2.38 2.29 2.36 1.99 2.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
169 211 247 270 357 421 477 443
117 155 183 191 296 333 382 347
Operating Profit 52 56 63 79 61 88 96 96
OPM % 31% 27% 26% 29% 17% 21% 20% 22%
52 -2 -7 -4 2 8 13 14
Interest 11 10 9 7 4 4 5 4
Depreciation 12 12 13 15 15 17 20 21
Profit before tax 81 31 34 53 45 74 84 85
Tax % 0% 0% 0% 59% 28% 26% 27%
81 31 34 22 33 55 61 62
EPS in Rs 15.58 6.04 6.50 3.51 5.24 8.45 8.53 8.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 21%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 36%
TTM: 7%
Stock Price CAGR
10 Years: 41%
5 Years: 44%
3 Years: 30%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: 17%
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
Equity Capital 6 6 6 6 6 7 7
Reserves 75 106 140 226 259 342 494
86 66 62 59 26 62 57
72 73 63 87 107 123 118
Total Liabilities 239 251 271 378 398 533 677
152 164 165 232 233 277 335
CWIP 8 12 11 12 20 44 46
Investments 1 1 1 2 16 18 20
77 74 94 132 129 194 276
Total Assets 239 251 271 378 398 533 677

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 70 54 52 55 34 22 45
Inventory Days 28 21 25 61 20 99 34
Days Payable 343 228 180 238 127 101 89
Cash Conversion Cycle -244 -153 -104 -122 -72 20 -10
Working Capital Days -49 -50 0 34 6 30 16
ROCE % 26% 26% 26% 17% 22% 18%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
43.14% 44.41% 44.41% 44.51% 44.68% 42.80% 42.80% 42.80% 40.97% 40.97% 39.01% 39.01%
0.21% 0.21% 0.21% 0.64% 0.66% 1.01% 3.37% 2.92% 2.94% 2.97% 5.20% 5.24%
0.15% 0.15% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.10% 0.01%
56.50% 55.24% 55.24% 54.85% 54.65% 56.20% 53.83% 54.29% 56.08% 56.07% 55.69% 55.75%
No. of Shareholders 41,12340,81039,99441,81540,63040,45240,53041,17343,41744,16050,62051,810

* 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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