Ganesh Benzoplast Limited — PPTs, 19-02-2026: Investor Presentation

Ganesh Benzoplast Limited (GBL) showed strong consolidated performance for 9MFY26. Revenue grew to ₹299.9 Cr from ₹274.4 Cr year-over-year, and Profit After Tax (PAT) increased to ₹58.0 Cr from ₹51.3 Cr, reflecting robust operational efficiency with EBITDA at ₹93.6 Cr. The Liquid Storage Tanks (LST) division achieved an impressive 58% EBITDA margin for 9MFY26.

Key growth drivers include optimizing existing LST capacity at JNPT, Cochin, and Goa, and enhancing product mix. The rail logistics arm (ILSL) is crucial, offering end-to-end solutions and improving efficiency by providing a one-stop logistics service, contributing strong margins.

Recent wins include additional land at JNPT for 25 years and a significant ₹175 crore EPC contract from JSW Jaigarh Port in April 2025, adding to earlier EPC wins and expansion into ethanol manufacturing. The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.04x as of March 2025 and gross debt of ₹19.3 Cr.

Management aims to maximize rental yields from existing capacities at Cochin and increase utilization at the Goa terminal. The expansion of rail logistics services through ILSL is expected to be a significant future profit driver.