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Earnings Call

Ganesh Benzoplast Earnings Call: Key Takeaways

FY26 revenue grew 9.9% to ₹4,114 Mn with reported PAT up 92.5% to ₹733 Mn. Strategy focuses on expanding liquid logistics capacity at JNPT.

Why this was an Alfa AlertNot a filter event. Performance was in line with structural cost resets; no material guidance beat confirmed.
Highlights
Revenue growth9.9% YoY to ₹4,114 Mn
MarginsEBITDA margin softened to 29% from 34% YoY
Demand visibilityJNPT at ~100% utilization
Management confidenceStrong balance sheet; near debt-free

Growth

Revenue +9.9% YoY; LST division +12.7%, Chemicals +6.8%. Underlying PAT fell 22% due to a structural JNPT rental cost reset.

Outlook

Adding 1,22,000 KL capacity at JNPT Plots 14 & 15; targeting Cochin recovery and ILSL rail growth in FY27.

Risks

JNPT rental cost rose from ₹20 Mn to ₹242.5 Mn; Goa terminal currently offline with zero throughput.

Last quarter's promises, checked

Delivered

  • Guided 50% capacity ready by Q1'27 → delivered 122k KL expansion (BEAT)
  • Guided dividend to start Q1'27 → delivered dividend payouts (BEAT)
  • Guided debt-free status → delivered ₹235 Mn gross debt / near debt-free (BEAT)

Partly delivered

  • Guided ₹45-50 Cr incremental revenue from expansion → delivered 9.9% growth (PARTIAL)

Missed

  • Guided EBITDA margin recovery to previous levels → delivered 29% from 34% (MISS)
Source

Earnings Call filed with NSE, NSE: GANESHBE. Summary written with AI assistance from the document.

Read the document ↗

Ganesh Benzoplast Ltd: key numbers

Share price
₹130.84
Market cap
₹941.9 Cr
Revenue (annual)
₹411.4 Cr
Net profit (annual)
₹73.34 Cr
P/E (TTM)
12.9×Sector 37.5×
Promoter holding
39.02%+0.00% QoQ
FII holding
1.12%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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