This chemical company stock is buzzing on the bourses today; hits 52-week high
The stock price jumped by 6 per cent intraday from Rs 138 to Rs 147.70.
Shares of Ganesh Benzoplast Ltd opened at Rs 138.50 and hit a 52-week high of Rs 147.7, up by almost 5 per cent. The 52-week high and low of the company is Rs 147.70 and Rs 75. The stock saw a spurt in volumes by 3.69 times. Presently, the market cap of the company is Rs 898.68 crore and the stock is trading at a PE of 25.22 times, while the ROE and ROCE of the company are 13 per cent and 16.8 per cent.
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 per cent. The total capacity of the company is 240,000 KL - operating at > 100 per cent occupancy (FY22) and the revenue of the company is increasing at a 3-year CAGR of 11 per cent. LST Division has some marquee clients like Reliance Industries, BPCL, Jubilant Life Science, Jupiter Dye Chemical, Akry Organics, Frigorifico Allana, Smartchem Technologies.
The revenue for FY22 stands at Rs 291 crore. The revenue is growing at a 3-year CAGR of 11 per cent. The trailing-twelve-month operating profit margin is 22.7 per cent and the net profit margin is 13 per cent. The receivables account for 36 per cent of the total revenue. In the June quarter company reported 46 crores in revenue and a net profit of Rs 11 crore. The company generated Rs 83 crore of revenue from its operations.