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Ganesh Benzoplast Ltd

Q2 FY26Oil

Ganesh Benzoplast Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹124
Market cap₹863 Cr
P/E12.9
Updated23 Aug 2026
Read4 min read

The short version

Future growth expectations for Ganesh Benzoplast Limited in sales, revenue, and volumes as per the call transcript: - Expansion with additional 30,000 tons Class A tanks underway; incremental revenue expected ~INR 20 crores. The company expects steady EBITDA margins for the rental business at 50-55%, despite a temporary dip due to increased lease rental expenses.

From Ganesh Benzoplast Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Future growth expectations for Ganesh Benzoplast Limited in sales, revenue, and volumes as per the call transcript: - Expansion with additional 30,000 tons Class A tanks underway; incremental revenue expected ~INR 20 crores. - Overall capacity at JNPT nearing 3,00,000 KL, expected to grow 40-50% with new tanks. - Rental business EBITDA margins expected steady at 50-55% despite short-term lease expense hike. - Lease rental expenses raised from INR 3 crores to 18-20 crores annually, but compensated by increased pricing and reduced litigation costs. - New capacities and enhancements expected to drive steady profitability growth over next 2-3 years. - Pricing increases of 4-5% annually anticipated on rental contracts. - Potential diversification into LPG and ammonia tanks under review for further growth. - Chemical division expected to remain steady with seasonal variations; discussions ongoing for stabilization. - Opportunities to increase tank height and convert to specialized cargo tanks are incremental growth drivers over 4-5 years.

Profitability & Margins

See what Ganesh Benzoplast Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The company is currently undertaking CAPEX for building an additional 30,000 tons of Class A tanks at the JNPT site, estimated at around INR 12-15 crores for this phase, with a total expected CAPEX of approximately INR 125-150 crores if focused only on liquid tanks.
  • The total CAPEX for the full 4-acre land development could range from INR 300 to 500 crores depending on the product mix, especially if cryogenics or bullets (like LPG or ammonia tanks) are included.
  • Decisions on further CAPEX will be driven by ROI considerations.
  • Funding for the upcoming CAPEX is planned through internal accruals, with backup bank lines available if required.
  • The 30,000-ton tanks are expected to be commissioned within a year.
  • The company is actively evaluating the best use of the remaining land and exploring opportunities including LPG and ammonia tanks.

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Ranked on what management guided this quarter

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1Asian Energy
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2Deep Industries Ltd
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Ganesh Benzoplast Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Ganesh Benzoplast's current EPC order book includes ongoing projects in Mundra and JSW.
  • No specific update on new orders or expansions beyond these projects was provided.
  • The company is actively working on finalizing the product mix and development plans for the available land at JNPT, including the construction of 30,000 tons of Class A petroleum tanks.
  • No indication was given of orders for their new plants or terminals from customers migrating or shifting.
  • Discussions or potential orders related to emerging projects or expansions are dependent on market demand and customer requirements.

Ganesh Benzoplast Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹111 Cr, net profit ₹15 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Ganesh Benzoplast Ltd Q2 FY26 results?

Future growth expectations for Ganesh Benzoplast Limited in sales, revenue, and volumes as per the call transcript: - Expansion with additional 30,000 tons Class A tanks underway; incremental revenue expected ~INR 20 crores. The company expects steady EBITDA margins for the rental business at 50-55%, despite a temporary dip due to increased lease rental expenses.

What is Ganesh Benzoplast Ltd share price analysis?

Ganesh Benzoplast Ltd currently shows a neutral. The stock trades at a P/E of 12.9 with a market cap of ₹863 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ganesh Benzoplast Ltd planning capital expenditure?

The company is currently undertaking CAPEX for building an additional 30,000 tons of Class A tanks at the JNPT site, estimated at around INR 12-15 crores for this phase, with a total expected CAPEX of approximately INR 125-150 crores if focused only on liquid tanks.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.