Ganesh Benzoplast Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 May 2026 | Oil | Market Cap: ₹863 Cr
Expected revenues on a normal basis are anticipated to be between INR180 crores to INR200 crores. Chemical division profit expected to rise from INR18-20 crores to over INR25 crores gradually as capacity utilization increases from 75% to 85%.
From Ganesh Benzoplast Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹124
Market Cap
₹863 Cr
P/E Ratio
12.9
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Ganesh Benzoplast Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹111 Cr, net profit ₹15 Cr.
Full financials →📊 Revenue & Sales Performance
- →Expected revenues on a normal basis are anticipated to be between INR180 crores to INR200 crores.
- →For the Chemical division, the target is to increase capacity utilization from 75% to 85%, aiming for profit growth around INR18-20 crores, gradually crossing INR25 crores.
- →The LPG terminal aims for a minimum of 30 to 40 throughput per year as a low case scenario, with potential to improve based on market conditions and contracts.
- →Once steady state is reached post-capex, EBITDA margins for projects such as LPG terminal are expected to be upward of 80% to 85%.
- →Continuous efforts are underway to enhance utilization of terminals (e.g., Goa terminal currently at 30-40% utilization) by exploring new product handling and customer industries.
📈 Profitability & Margins
- →Chemical division profit expected to rise from INR18-20 crores to over INR25 crores gradually as capacity utilization increases from 75% to 85%.
- →Management aims to improve chemical segment profitability through operational changes and strategic marketing.
- →LPG terminal business targets a minimum throughput of 30-40 times per year initially, with potential for higher throughput and EBITDA margins once fully operational.
- →Expected steady-state EBITDA margins of 80-85% for the LPG project once stabilized.
- →Revenue guidance for the LPG business is in the range of INR180-200 crores under normal market conditions.
- →Net profit for Q3 FY 25 was INR183 million with ongoing growth expected from ramp-up projects and improved capacity utilization.
- →Overall, the company’s focus on capacity enhancement and operational efficiency underpins a positive growth outlook in earnings and profitability.
🏗️ Capital Expenditure Plans
- →Ganesh Benzoplast is undertaking a major LPG project with ongoing capex.
- →Approvals from PESO and MPCB are secured; financial closure was achieved recently.
- →EPC contract for main tanks is under finalization; piling work contract is awarded.
- →Construction of firefighting system is completed; main tanks' construction to start around March 2025.
- →Project completion expected around 2 years from start (i.e., ~March 2027).
- →Total capex is close to INR 900 crores.
- →The company aims for EBITDA margins of 80-85% at steady state post-capex.
- →Internal accruals and reserves will suffice for managing capex and the INR 40 crore Morgan settlement; no further fund raising needed.
- →Strategic consideration for Chemical division includes options beyond demerger, aiming to create separate valuation structures.
💰 Fundraising & Capital Structure
- →No additional fundraising is needed for the INR40 crores settlement with Morgan Securities as the company has sufficient internal accruals and reserves to cover both the LPG project capex and the settlement.
- →The company has closed the financing for the LPG project recently, indicating that required debt funding is already secured.
- →Equity increase through BW Confidence or other investors has not led to an increase in the number of shares currently, implying no immediate equity dilution.
- →Overall, the company appears to be managing its funding internally without plans for new debt or equity in the near term.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Ganesh Benzoplast Ltd Q3 FY25 results?
Expected revenues on a normal basis are anticipated to be between INR180 crores to INR200 crores. Chemical division profit expected to rise from INR18-20 crores to over INR25 crores gradually as capacity utilization increases from 75% to 85%.
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?
Ganesh Benzoplast is undertaking a major LPG project with ongoing capex.
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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.