This chemical company stock is flying high on the bourses; hits a new 52-week high

5paisa Research Team 15th December 2022 - 07:46 am

The stock price increased by 6%, from Rs 138 to Rs 147.70 in just one trading session.

The stock began trading at Rs 138.50 and increased by about 5% to reach a 52-week high of Rs 147.7. Rs 147.70 and Rs 75 are the company's 52-week high and low, respectively. The stock's volume increased by 3.69 times. The market capitalisation of the business is currently Rs 898.68 crore, while the PE ratio of the stock is 25.22. The ROE and ROCE of the business are respectively 13% and 16.8%.

Ganesh Benzoplast Ltd is engaged in the manufacturing and exporting of drug intermediates, pharmaceutical intermediates, bulk drug intermediates, food preservatives, lubricants, API/bulk drugs, etc. The products offered by the company include Food preservatives, Petroleum sulphonates, Lubricant additives, Lubricant components and API/ bulk drugs.

The revenue mix for the company is LST Division: 58 per cent and Chemical Division: 42%. The total capacity of the company is 240,000 KL - operating at > 100% occupancy (FY22) and the revenue of the company is increasing at a 3-year CAGR of 11%. LST Division has some marquee clients like Reliance Industries, BPCL, Jubilant Life Science, Jupiter Dye Chemical, Akry Organics, Frigorifico Allana, Smartchem Technologies.

The amount of revenue during FY22 is Rs 291 crore. The revenue is increased at an 11% CAGR for the three years. The operating profit margin for the most recent twelve months is 22.7%, and the net profit margin is 13%. Around 36% of the overall revenue is made up of receivables. The business recorded Rs 46 crore in revenue for the June quarter, with an Rs 11 crore net profit. The company's operations brought in Rs 83 crore in income.

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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