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Ganesh Benzoplast Limited (GANESHBE)

Small Cap

Diversified stocks · Small cap · NSE

Ganesh Benzoplast Limited operates in Chemicals & Logistics, within the Diversified sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹85.01
-4.06 · -4.56%
Market cap ₹855 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 10:45 am IST
Details
Quote21 Oct, 10:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result11 Aug, 11:20 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Diversified P/E 16.4 (n=25)
Technical timing lens

Trend score and candlestick chart

33Bearish

SMA20 -6.9% / mo · RSI oversold · MACD −

Stock trend: 33
Sector RS: —

Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence

Technical chart

GANESHBED candles · FIT view-18.1%TODAY · PROVISIONAL
Latest price ₹85.01 on 2026-10-21

Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.

Bar
-5.1%
RSI
26
MACD hist
-3.51
52W pos
22%
Visible chart range
Candle interval
2026-10-21O ₹89.60H ₹89.60L ₹84.62C ₹85.01Vol 67,091 shIntraday candle
₹81.70₹97.76₹113.81₹129.86₹145.9252H₹85.012026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

GANESHBENifty 500
-21%-3%+15%+33%20 Jul1 Sept19 Oct19 Oct 2026GANESHBE -16.8%Nifty 500 -5.6%
GANESHBE
-16.8%
Nifty 500
-5.6%
Vs Nifty 500
-11.2 pp
Chart stats
19 Oct 2026
From 52W high
-37.7%
₹143
52W range position
28%
₹68.4 - ₹143
ATR (14)
7.4%
₹6.6
Volume vs 20D
0.30x
Latest completed session
Avg traded value
₹5.1 Cr
20-session average
20D price channel
₹88.6 - ₹143
59.5% annualized volatility

No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.

Research snapshot

What the evidence says now

Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED
62

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Bad
2

Revenue +22.9% · PAT +0.0% YoY

Technical
Bearish
33

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+65.8%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
70

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Bad · 2/100

PAT 0% YoY · margin compression · Rev +23% YoY · +6% QoQ

Filed 11 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹118 Cr+22.9%+6.3%
EBITDA₹27 Cr-6.9%+28.6%
Operating margin23.0%-700 bps+500 bps
PAT₹18 Cr+0.0%+20.0%
PAT margin15.3%-350 bps+174 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
13.00
P/B
1.39
EV/EBITDA
8.10
Market Cap
855.00Cr

Profitability

ROE
10.70%
ROCE
14.50%
ROA
8.59%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
9.00%
EPS 5Y
20.00%
Revenue 3Y
-1.00%
EPS 3Y
4.00%

Balance Sheet

Debt/Equity
0.12
Interest Coverage
18.20×
Altman Z
4.26
Book Value
84.90

Cash Flow

FCF Yield
0.12%
FCF Positive Y
6/5
OCF
63.00 Cr
EPS TTM
10.10

Shareholding

Promoter Hold
39.01%
Promoter Pledge
0.00%
Momentum 52W
67%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 411+9.9% vs prev
0477.0Mar 2018: 169Mar 2019: 211Mar 2020: 247Mar 2021: 270Mar 2022: 357Mar 2023: 421Mar 2024: 477Mar 2025: 374Mar 2026: 411FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 73.0+92.1% vs prev
081.0Mar 2018: 81.0Mar 2019: 31.0Mar 2020: 34.0Mar 2021: 22.0Mar 2022: 33.0Mar 2023: 55.0Mar 2024: 61.0Mar 2025: 38.0Mar 2026: 73.0FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 11.9+69.3% vs prev
0100.0Mar 2018: 100%Mar 2019: 27.7%Mar 2020: 23.3%Mar 2021: 9.5%Mar 2022: 11.8%Mar 2023: 15.4%Mar 2024: 12.2%Mar 2025: 7.1%Mar 2026: 11.9%FY18FY19FY20FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 26. Wait for confirmation.

  • Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
  • SMA20 falling (~9.5% over last month) — short-term momentum negative.
  • RSI(14) at 26 — oversold zone; bounce conditions.
  • MACD below signal but histogram contracting — bearish momentum easing.
  • 41% off 52W high · 24% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

58
RS percentile
Stage 1 Base / Transition
1M return
-29.8%
3M return
-16.8%
6M return
-6.5%
1Y return
+3.6%
RS 1D
-5
RS 20D
-27
Sector rank
#17
Industry rank
#60
Stage evidence
  • Price is 15.7% below the 30-week proxy without full trend alignment.
  • The 30-week proxy changed +4.7% over 20 sessions.
  • The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 104.85-3.50%
7598120143166Sept 25Feb 26Jun 26Oct 26105
RS vs Nifty 500105

Valuation & peers

U-Score 62 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies

62U-SCORE
Deep Value

Fundamental score breakdown

U band · UNDERVALUED
Valuation24/30
Growth17/25
Quality4/20
Balance Sheet8/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
62

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

62/100 · legacy band UNDERVALUED

Positive drivers

  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 65.8%.
  • Valuation contributes 24/30 to the score.

Main drags

  • Quality is weaker at 4/20; verify the latest quarterly trend.
  • Cash flow is weaker at 4/10; verify the latest quarterly trend.
  • Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
13.0
PB
1.4
EV/EBITDA
8.1
ROE
10.7%
ROCE
14.5%
FCF Yield
0.1%
Debt/Equity
0.1
MoS
+65.8%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
62
Previous: 62
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+65.8%
Previous: +64.2%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
60
60
60
60
60
62
62
62
62
62
62
62

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹138.9
+38.8% MoS
Growth-justified P/E
24.6
Growth-justified Value
₹248.46
+65.8% MoS
PEG
0.96

Comparable companies

Peers

Business-comparable peers in Diversified — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DVL
Small
Dhunseri Ventures Limited
Diversified
match 133
38
5.0
4.9%
-20%
WATCHLIST
BIRLANU
Small
BirlaNu Limited
Diversified
match 131
23
23.4
0.0%
-11041%
OVERVALUED
DCMSIL
Small
DCM Shriram International Limited
Diversified
match 130
14
278.0
2.8%
-3662%
OVERVALUED
DCMSHRIRAM
Large
DCM Shriram Limited
Diversified
match 111
45
11.5
11.5%
+11%
WATCHLIST
GODREJIND
Large
Godrej Industries Limited
Diversified
match 108
19
28.2
9.3%
-19%
OVERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Ganesh Benzoplast Limited operates in Chemicals & Logistics, within the Diversified sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
70Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 75th percentile within Diversified. Main check: financial discipline is weak at 50/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
71 docs text-extracted · 29 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
63rd percentile

overall median 67 · Diversified: 75th pctile, median 61 · Small: 65th pctile, median 66

Evidence depth
Financial-only

71 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
67
acceptable · quarterly consistency

Trust positives

  • ▸Promoter pledge is zero.
  • ▸5 years of positive FCF.
  • ▸4/4 latest quarters had positive YoY revenue growth.

Trust risks

  • ▸ROCE trend is -2.4%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

10 shown
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Oct - Newspaper Publication in respect of special window opened for lodgement of transfer and dematerialization request

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Sep - GBL signs agreements to sell storage and rail businesses for INR 1,154 crore; EPC work may add INR 280 crore.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep

Source: Bse

Open source ↗
AnnouncementAug 2026

Aug 2026 · Announcement Under Regulation 30-Updates 20 Aug - Supreme Court dismissed Progfin's insolvency appeal against Ganesh Benzoplast on August 18, 2026.

Source: Bse

Open source ↗
AnnouncementAug 2026

Aug 2026 · Announcement Under Regulation 30 Of SEBI(LODR) Regulations, 2015 19 Aug - Ravi Pilani to receive 28,56,810 shares by gift from promoters by August 27, 2026.

Source: Bse

Open source ↗
Investor presentationJun 2026

Jun 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptJun 2026

Jun 2026 · Transcript

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement Under Regulation 30-Updates 16 Jul - NCLAT dismissed Progfin’s insolvency appeal against Ganesh Benzoplast on June 30, 2026.

Source: Bse

Open source ↗
Annual report

Business Responsibility and Sustainability Reporting (BRSR) 7 Sep - Ganesh Benzoplast filed its FY 2025-26 BRSR as part of the annual report.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.