Ganesh Benzoplast Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹634 Cr
- P/E
- 9.68
- ROE
- 10.67%
- PEG
- 2.73
- Price to sales
- 1.47
- Debt to equity
- 0.12
- 52W high / low
- ₹138 / ₹69.5
- Sales growth (5Y)
- 8.77%
- EBITDA margin
- 21.11%
- Net profit margin
- 15.04%
- Promoter holding
- 39.01%
- Sales (last year)
- ₹433 Cr
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]
Guidance scorecard · Q2 FY27 call
What Ganesh Benzopl.'s management guided
and where it ranks in Oil
Oil
RevenueQ2 FY27 call
20–40%Ask what Ganesh Benzopl. said on revenue →
Full Q2 FY27 analysisMarginsQ2 FY27 call
FlatSee what Ganesh Benzopl. said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Overall, a clear strategic focus on expanding chemical production and scaling EPC capabilities over the next 3-5 years.
FundraisingQ2 FY27 call
None plannedSee what Ganesh Benzopl. said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
Rising- The current order book for the EPC segment is expected to be around INR 500 to 600 crores for the next year.
- Management aims to increase the EPC order book to INR 2,500 to 3,000 crores within the next 4 to 5 years.
- For the present financial year, EPC revenue is around INR 50-60 crores, with expectations to grow to about INR 250 crores annually from the next year onwards, supported by new contracts including the KKR deal.
- Additional milestone-linked payments totalling INR 354 crores are expected over the next 12 to 18 months, connected to port license transfers and tank commissioning.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Oil
on management's own guidance
- Deep IndustriesGood growth2
- Asian EnergyGood growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Oil companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Asian Energy | 20–40% | Up 2%+ | ₹2,233 Cr | 34.6 |
| 2 | Deep Industries | 20–40% | Up 0–2% | ₹4,822 Cr | 11.6 |
| 3 | Ganesh Benzopl.This stock | 20–40% | Flat | ₹672 Cr | 10.3 |
| 4 | 10–20% | Flat | ₹2.79L Cr | 6.4 | |
| 5 | 10–20% | Flat | ₹72,385 Cr | 8.7 | |
| 6 | 10–20% | Flat | ₹12,103 Cr | 56.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Oil rankingGanesh Benzopl. announcements
All announcements →- Dividend / buyback / bonusNotableGanesh Benzoplast Limited announces divestment of liquid tank farm business and investor call transcript
Financials of Ganesh Benzopl.
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ganesh Benzopl.
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 134 | 122 | 103 | 106 | 146 | 88 | 98 | 89 | 100 | 96 | 99 | 105 | 111 |
| Expenses + | 111 | 97 | 77 | 82 | 125 | 62 | 73 | 62 | 68 | 67 | 77 | 83 | 91 |
| Operating Profit | 23 | 25 | 25 | 24 | 21 | 25 | 25 | 27 | 32 | 29 | 22 | 22 | 21 |
| OPM % | 17% | 21% | 25% | 23% | 14% | 29% | 25% | 30% | 32% | 30% | 22% | 21% | 18% |
| Other Income + | 1 | 3 | 2 | 2 | 7 | 4 | 5 | 4 | -40 | 4 | 17 | 8 | 5 |
| Interest | 0 | 3 | 1 | -0 | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Profit before tax | 20 | 21 | 21 | 21 | 21 | 22 | 22 | 24 | -16 | 25 | 32 | 22 | 19 |
| Tax % | 25% | 26% | 27% | 23% | 32% | 25% | 25% | 24% | -18% | 28% | 25% | 27% | 18% |
| Net Profit + | 15 | 15 | 16 | 16 | 14 | 16 | 16 | 18 | -13 | 18 | 24 | 16 | 15 |
| EPS in Rs | 2.26 | 2.38 | 2.29 | 2.36 | 1.99 | 2.28 | 2.29 | 2.55 | -1.83 | 2.52 | 3.30 | 2.24 | 2.12 |
Financials of Ganesh Benzopl.
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 169 | 211 | 247 | 270 | 357 | 421 | 477 | 374 | 411 |
| Expenses + | 117 | 155 | 183 | 191 | 296 | 333 | 381 | 266 | 318 |
| Operating Profit | 52 | 56 | 63 | 79 | 61 | 88 | 96 | 108 | 94 |
| OPM % | 31% | 27% | 26% | 29% | 17% | 21% | 20% | 29% | 23% |
| Other Income + | 52 | -2 | -7 | -4 | 2 | 8 | 13 | -27 | 34 |
| Interest | 11 | 10 | 9 | 7 | 4 | 4 | 5 | 7 | 6 |
| Depreciation | 12 | 12 | 13 | 15 | 15 | 17 | 20 | 22 | 24 |
| Profit before tax | 81 | 31 | 34 | 53 | 45 | 74 | 84 | 52 | 98 |
| Tax % | 0% | 0% | 0% | 59% | 28% | 26% | 27% | 27% | 25% |
| Net Profit + | 81 | 31 | 34 | 22 | 33 | 55 | 61 | 38 | 73 |
| EPS in Rs | 15.58 | 6.04 | 6.50 | 3.51 | 5.24 | 8.45 | 8.53 | 5.29 | 10.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Ganesh Benzopl.
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 |
| Reserves | 75 | 106 | 140 | 226 | 274 | 350 | 494 | 531 | 573 |
| Borrowings + | 86 | 66 | 62 | 59 | 26 | 62 | 57 | 64 | 52 |
| Other Liabilities + | 72 | 73 | 63 | 87 | 91 | 115 | 118 | 121 | 135 |
| Total Liabilities | 239 | 251 | 271 | 378 | 398 | 533 | 677 | 724 | 768 |
| Fixed Assets + | 152 | 164 | 165 | 232 | 233 | 277 | 335 | 391 | 396 |
| CWIP | 8 | 12 | 11 | 12 | 20 | 44 | 46 | 6 | 7 |
| Investments | 1 | 1 | 1 | 2 | 16 | 18 | 20 | 19 | 21 |
| Other Assets + | 77 | 74 | 94 | 132 | 129 | 194 | 276 | 308 | 343 |
| Total Assets | 239 | 251 | 271 | 378 | 398 | 533 | 677 | 724 | 768 |
Financials of Ganesh Benzopl.
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 39 | 60 | 27 | 57 | 86 | 41 | 83 | 55 | |
| Cash from Investing Activity + | -19 | -27 | -13 | -40 | -59 | -62 | -147 | -60 | |
| Cash from Financing Activity + | -21 | -30 | -14 | -9 | -25 | 15 | 73 | -1 | |
| Net Cash Flow | -1 | 3 | 0 | 7 | 2 | -7 | 10 | -6 | |
| Free Cash Flow | 20 | 32 | 13 | 43 | 66 | -3 | 1 | 16 | |
| CFO/OP | 76% | 108% | 42% | 60% | 120% | 64% | 110% | 67% |
Financials of Ganesh Benzopl.
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | -6 | 13 | 3 | 23 | |
| ROCE % | 26% | 26% | 26% | 16% | 21% | 18% | 18% |
Guidance history
How Ganesh Benzopl.'s guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q4 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
21 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +2.3% | 63% |
| Last 6 months | −12.1% | 35% |
| Last 3 months | −21.6% | 18% |
The price is 55.1% below its all-time high of ₹196.15 (9 Feb 2024). Stocks more than 20% below their peak have their score halved, so 43 became 21.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ganesh Benzopl.: 0.4 × 63 + 0.4 × 35 + 0.2 × 18 = 43, halved to 21 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Ganesh Benzopl.'s management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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