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Ganesh Benzoplast Limited
(GANESHBE)
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Rating:77Outperform
Price Target:
₹156.00
▲(24.55% Upside)
Action:Reiterated
Date:07/29/26
Overall score is driven primarily by solid financial fundamentals (strong profitability and low leverage) tempered by inconsistent cash conversion and volatile free cash flow. Technicals add support due to a strong multi-timeframe uptrend, while valuation appears reasonable on a moderate P/E, with no dividend data to further enhance the valuation assessment.
Positive Factors
Dual Operating Streams
The combination of specialty chemicals and port-based liquid storage gives the company two distinct operating engines, linking earnings to both industrial product demand and terminal utilization. This broader business mix can support resilience across changing end-market conditions over the next several quarters.
Negative Factors
Weak Cash Conversion
Operating cash flow has not consistently matched reported earnings, and the 2026 conversion level was particularly weak. This reduces confidence in earnings quality, limits cash available for reinvestment or shareholders, and makes working-capital or reinvestment demands more important to monitor.
Read all positive and negative factors
Positive Factors
Negative Factors
Dual Operating Streams
The combination of specialty chemicals and port-based liquid storage gives the company two distinct operating engines, linking earnings to both industrial product demand and terminal utilization. This broader business mix can support resilience across changing end-market conditions over the next several quarters.
Read all positive factors
Ganesh Benzoplast Limited (GANESHBE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.91B
Dividend YieldN/A
Average Volume (3M)28.76K
Price to Earnings (P/E)12.3
Beta (1Y)0.88
Revenue Growth13.31%
EPS Growth83.54%
CountryIN
Employees201
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)10.18
Shares Outstanding71,989,420
10 Day Avg. Volume21,885
30 Day Avg. Volume28,764
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.85
Price to Sales (P/S)1.26
P/FCF Ratio56.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ganesh Benzoplast Limited Business Overview & Revenue Model
Company Description
Ganesh Benzoplast Limited (GBL) is an Indian-based company, established in Mumbai in 1986, with operations extending internationally. It is involved in the manufacturing and distribution of specialty chemicals, food preservatives, and industrial l...
How the Company Makes Money
Ganesh Benzoplast Limited primarily makes money through two operating streams: (1) Specialty chemicals manufacturing and sales, and (2) Liquid cargo storage terminal services. In the chemicals segment, the company generates revenue by producing an...
Ganesh Benzoplast Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.11B | 3.74B | 4.77B | 4.21B | 3.58B |
| Gross Profit | 2.44B | 2.68B | 2.44B | 1.26B | 2.00B |
| EBITDA | 935.72M | 812.46M | 1.09B | 956.26M | 631.10M |
| Net Income | 733.36M | 380.86M | 614.41M | 550.79M | 326.89M |
Balance Sheet | |||||
| Total Assets | 8.50B | 7.24B | 6.77B | 5.33B | 3.98B |
| Cash, Cash Equivalents and Short-Term Investments | 874.35M | 1.02B | 986.73M | 391.49M | 480.29M |
| Total Debt | 757.96M | 637.57M | 567.65M | 619.69M | 256.53M |
| Total Liabilities | 2.32B | 1.79B | 1.70B | 1.72B | 1.13B |
| Stockholders Equity | 6.11B | 5.38B | 5.02B | 3.57B | 2.81B |
Cash Flow | |||||
| Free Cash Flow | 91.88M | 159.23M | 8.59M | -34.75M | 664.81M |
| Operating Cash Flow | 734.94M | 549.43M | 832.80M | 406.13M | 861.90M |
| Investing Cash Flow | -785.99M | -601.44M | -1.47B | -621.35M | -590.52M |
| Financing Cash Flow | 41.95M | -8.79M | 729.46M | 149.86M | -254.82M |
Ganesh Benzoplast Limited Technical Analysis
Neutral
125.25
Price Trends
122.17
Positive
111.89
Positive
97.15
Positive
Market Momentum
2.66
Positive
47.54
Neutral
42.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GANESHBE, the sentiment is Neutral. The current price of 125.25 is below the 20-day moving average (MA) of 128.36, above the 50-day MA of 122.17, and above the 200-day MA of 97.15, indicating a neutral trend. The MACD of 2.66 indicates Positive momentum. The RSI at 47.54 is Neutral, neither overbought nor oversold. The STOCH value of 42.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GANESHBE.
Ganesh Benzoplast Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹8.91B | 12.32 | ― | ― | 13.31% | 83.54% | |
77 Outperform | ₹7.45B | 10.29 | ― | 1.58% | -7.71% | 12.35% | |
73 Outperform | ₹9.52B | 27.25 | ― | 0.16% | 19.33% | 33.81% | |
65 Neutral | ₹5.07B | 11.76 | ― | 1.54% | 5.48% | 35.53% | |
58 Neutral | ₹3.96B | 20.95 | ― | 3.27% | -3.22% | -14.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹32.23B | 20.98 | ― | 0.29% | 9.55% | 13.87% |
* General Sector Average
IN:GANESHBE
Ganesh Benzoplast Limited
123.80
33.58
37.22%
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1,026.60
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IN:PREMIERPOL
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97.15%
IN:VINYLINDIA
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-24.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.