Ganesh Benzoplast Ltd
NSE:GANESHBE
Ganesh Benzoplast Ltd
Ganesh Benzoplast Ltd. engages in the manufacture of organic and inorganic chemicals, storage facilities, and cargo handling. The company is headquartered in Mumbai, Maharashtra. The firm manufactures and exports a range of specialty chemicals, food preservatives and industrial lubricants. The company operates through two segments: Liquid Storage Terminal (LST) Division and Chemical Division. Its LST Division provides storage tanks, which is specialized in the storage and handling of liquid chemicals and oil products and has storage terminals at Jawaharlal Nehru Port Trust (JNPT) Navi Mumbai, Cochin and Goa. Its Chemical Division is engaged in manufacturing and exporting a range of food preservatives, lubricant additives and specialty chemicals. The firm manufactures a range of pure Benzoic Acid and its derivatives like Sodium Benzoate and Benzoplast. Its products are used in food and beverage, paints, automobile, pharmaceutical and lubricants industries.
Ganesh Benzoplast Ltd. engages in the manufacture of organic and inorganic chemicals, storage facilities, and cargo handling. The company is headquartered in Mumbai, Maharashtra. The firm manufactures and exports a range of specialty chemicals, food preservatives and industrial lubricants. The company operates through two segments: Liquid Storage Terminal (LST) Division and Chemical Division. Its LST Division provides storage tanks, which is specialized in the storage and handling of liquid chemicals and oil products and has storage terminals at Jawaharlal Nehru Port Trust (JNPT) Navi Mumbai, Cochin and Goa. Its Chemical Division is engaged in manufacturing and exporting a range of food preservatives, lubricant additives and specialty chemicals. The firm manufactures a range of pure Benzoic Acid and its derivatives like Sodium Benzoate and Benzoplast. Its products are used in food and beverage, paints, automobile, pharmaceutical and lubricants industries.
Revenue Growth: Ganesh Benzoplast reported a consolidated Q3 FY26 revenue of INR 1,053 million, up 18% year-on-year.
Profit Impact: Q3 profit after tax was INR 162 million, down from INR 184 million last year, mainly due to a substantial increase in lease rental provisions.
Lease Rentals: Lease rental expenses increased significantly to INR 24 crores for the year, impacting margins and profitability.
CapEx Timeline: The first phase of the 1 lakh KL storage expansion at JNPT is expected to be ready by Q1 FY27, with full commissioning by early FY28.
Dividend Initiation: Management confirmed plans to begin dividend payouts starting with the FY26-27 financial year, post-AGM approval.
Strong Balance Sheet: The company is almost debt-free and plans to fund current expansion from internal accruals.
EPC Strategy: EPC projects, like the recent INR 51.33 crore Reliance order, are used to build client relationships, despite their lower 5–10% margin profile.
