Ganesh Benzoplast Limited (GANESHBE) AI Stock Analysis

• Market Cap: ₹5.79B
• Dividend Yield: N/A
• Average Volume (3M): 9.25K
• Price to Earnings (P/E): 9.1
• Beta (1Y): 0.93
• Revenue Growth: -12.30%
• EPS Growth: -26.40%
• Country: IN
• Employees: 201
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 2.24
• Shares Outstanding: 71,989,420
• 10 Day Avg. Volume: 10,439
• 30 Day Avg. Volume: 9,249
• PEG Ratio: -0.51
• Price to Book (P/B): 1.52
• Price to Sales (P/S): 2.18
• P/FCF Ratio: 51.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹80.00 ▼(-1.61% Downside)
• Action: Reiterated Date: 11/05/25
• Date: Action: Reiterated 11/05/25

Ganesh Benzoplast Limited's overall stock score reflects its solid financial performance and reasonable valuation. However, the bearish technical indicators and lack of dividend yield present challenges. The company's ability to address revenue and cash flow declines will be crucial for future growth.

Positive Factors

Margin Sustainability

Very high gross and strong operating margins indicate an efficient cost structure and meaningful pricing power in its product and service mix. Durable margins provide a buffer against input-cost volatility and support reinvestment or margin retention if volumes moderate.

Balance Sheet Strength

A high equity ratio and very low leverage give the company financial flexibility to fund targeted capex, absorb cyclical downturns, and avoid refinancing stress. Low debt reduces interest burden and preserves capacity for strategic investments over the medium term.

Diversified Business Model

Having both specialty-chemical sales and liquid storage terminal services creates revenue diversification: chemicals capture product demand while terminal services generate recurring tankage/throughput revenue. This mix smooths cash flows and reduces reliance on a single end market.

Negative Factors

Revenue Decline

Ongoing revenue contraction signals potential demand weakness, competitive pressure, or loss of volumes. Persistent top-line declines can erode operating leverage, limit scope for margin expansion, and force difficult trade-offs between price, volume and investment priorities.

Free Cash Flow Pressure

A very large drop in free cash flow despite positive operating-cash-to-income indicates cash generation volatility or rising capex/working-capital needs. Weak FCF constrains organic reinvestment, limits buffer for dividends or buybacks, and may necessitate external funding for growth.

Moderate Return on Equity

A mid-single-digit ROE suggests only moderate efficiency in converting equity into profits. Over time, subpar ROE versus peers could limit the company’s ability to attract capital and fund expansion internally, putting pressure on strategic growth initiatives.

Ganesh Benzoplast Limited Business Overview & Revenue Model

Company Description

Ganesh Benzoplast Limited manufactures and sells specialty chemicals, food preservatives, and industrial lubricants in India and internationally. The company operates through two divisions, Liquid Storage Terminal (LST) and Chemical. The LST division provides storage tanks for storing liquid chemicals, oil products, petrochemicals, biofuels, and vegetable oils. It offers storage and handling solutions. The Chemical division provides sodium benzoate, benzoic acid, and benzoplast. It also engages in bunkering, barging, blending, and drum filling services. The company serves food and beverage, paints, automobile, pharmaceutical, lubricants industries, etc. Ganesh Benzoplast Limited was incorporated in 1986 and is based in Mumbai, India.

How the Company Makes Money

Ganesh Benzoplast Limited generates revenue through multiple streams, primarily from the sale of its specialty chemical products and storage tank solutions. The company's revenue model is built on product sales to various industrial clients across sectors such as automotive, construction, and consumer goods. Significant revenue is derived from long-term contracts with major corporations, providing a steady income stream. Additionally, GANESHBE benefits from partnerships with suppliers and distributors that enhance its market reach and product availability. The company also invests in research and development to innovate and expand its product offerings, which helps in maintaining a competitive edge and attracting new clients.

Ganesh Benzoplast Limited Financial Statement Overview

Summary

Ganesh Benzoplast Limited exhibits solid profitability with strong profit margins and a stable balance sheet. However, the decline in revenue and free cash flow growth suggests potential risks that need to be addressed for sustained long-term growth.

Income Statement

Ganesh Benzoplast Limited has demonstrated solid profitability with a Gross Profit Margin of 71.7% and a Net Profit Margin of 10.2% for the most recent year. The company has faced a decrease in total revenue from the previous year, indicating a challenging environment or increased competition. However, the EBIT and EBITDA margins remain robust at 22.9% and 21.7% respectively, showcasing efficient operations despite revenue challenges.

Balance Sheet

The company's balance sheet reveals a strong equity position with an Equity Ratio of 74.4%, indicating financial stability. However, the Debt-to-Equity Ratio stands at 0.12, which is manageable. The Return on Equity is 7.1%, suggesting moderate efficiency in generating returns from shareholders' equity.

Cash Flow

Ganesh Benzoplast has shown variability in cash flow metrics. The Operating Cash Flow to Net Income Ratio is positive at 1.44, indicating strong cash generation relative to net income. However, the Free Cash Flow has decreased significantly, evidenced by the Free Cash Flow Growth Rate of -81.5%, suggesting potential challenges in cash management or increased capital expenditures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.82B	3.74B	4.77B	4.21B	3.58B	2.70B
Gross Profit	2.96B	2.68B	2.44B	1.26B	2.00B	1.71B
EBITDA	858.69M	812.46M	1.09B	956.26M	631.10M	750.46M
Net Income	397.89M	380.86M	614.41M	550.79M	326.89M	218.85M
Balance Sheet
Total Assets	0.00	7.24B	6.77B	5.33B	3.98B	3.78B
Cash, Cash Equivalents and Short-Term Investments	1.02B	1.02B	986.73M	391.49M	480.29M	368.06M
Total Debt	0.00	637.57M	567.65M	619.69M	256.53M	591.79M
Total Liabilities	-5.44B	1.79B	1.70B	1.72B	1.13B	1.41B
Stockholders Equity	5.44B	5.38B	5.02B	3.57B	2.81B	2.32B
Cash Flow
Free Cash Flow	0.00	159.23M	8.59M	-34.75M	664.81M	425.60M
Operating Cash Flow	0.00	549.43M	832.80M	406.13M	861.90M	566.41M
Investing Cash Flow	0.00	-601.44M	-1.47B	-621.35M	-590.52M	-402.68M
Financing Cash Flow	0.00	-8.79M	729.46M	149.86M	-254.82M	-92.78M

Ganesh Benzoplast Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 81.31
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GANESHBE, the sentiment is Negative. The current price of 81.31 is above the 20-day moving average (MA) of 80.22, above the 50-day MA of 78.52, and below the 200-day MA of 90.02, indicating a bearish trend. The MACD of 0.82 indicates Positive momentum. The RSI at 41.90 is Neutral, neither overbought nor oversold. The STOCH value of 22.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GANESHBE.

Ganesh Benzoplast Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GANESHBE	63 Neutral	₹5.79B	9.06	―	―	-12.30%	-26.40%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MMP	58 Neutral	₹5.96B	14.02	―	0.78%	26.79%	-35.43%
SHIVALIK	57 Neutral	₹4.39B	51.21	―	0.13%	13.17%	-0.02%
CHEMCON	57 Neutral	₹5.81B	36.57	―	―	2.76%	30.68%
MAHASTEEL	54 Neutral	₹12.74B	215.61	―	―	11.83%	124.74%