Ganesh Benzoplast Limited (GBL) was incorporated in 1986 and is headquartered in Mumbai, India. The company has established itself as a significant player in India's chemical and infrastructure sectors through its diversified business model. GBL Infra is a leading independent Liquid Storage Tank (LST) provider, specialized in the storage and handling of liquid chemicals and oil products, with storage terminals at JNPT (Mumbai), Cochin, and Goa.
The company operates through two primary divisions: the Liquid Storage Terminal (LST) segment and the Chemical Manufacturing segment. Established in 1974, Ganesh Benzoplast Limited is a renowned manufacturer and exporter of food preservatives, lubricant additives, and API drugs. This dual-business approach has enabled the company to diversify its revenue streams and establish a strong presence in both infrastructure and manufacturing sectors.
GBL's LST division is an independent provider specializing in the storage and handling of liquid chemicals and oil products. It operates storage terminals at Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai, Cochin Port Trust in Cochin, and Mormugao Port Trust in Goa. This division represents the company's core infrastructure business, providing critical storage facilities for various industries including petrochemicals, oil products, petroleum products, biofuels, and vegetable oils.
The LST division has been a significant revenue contributor, generating substantial rental income from its storage facilities strategically located at major Indian ports.
GBL is also engaged in the business of manufacturing specialty chemicals, food preservatives, and oil additives. The chemical division focuses on producing high-quality specialty chemicals that serve various industries, including food and beverage, automobile, paints, lubricants, and pharmaceutical sectors.
The Chemical division provides products such as sodium benzoate, benzoic acid, methyl benzoate, benzoplast, and other additives. The company's manufacturing capabilities are supported by modern infrastructure, with a manufacturing unit installed with hi-tech machines (blender, reactor, mixer) capable of processing 12,000 MT per annum.
The company's consolidated annual turnover for the financial year 2023-24 was ₹477 Crores, with a break-up of ₹287 Crores as rental income from the LST division and ₹190 Crores from the Chemical manufacturing division. This demonstrates the strong contribution of both business segments to the company's overall revenue.
However, for the full year ended March 2025, net profit declined 38.00% to ₹38.09 crore as against ₹61.44 crore during the previous year ended March 2024. Sales also declined 21.54% to ₹374.31 crore in the year ended March 2025 as against ₹477.08 crore during the previous year ended March 2024. The company faced challenges in FY25, with both revenue and profitability declining compared to the previous year.
For Q4 FY25, Ganesh Benzoplast reported a net loss of ₹13.19 crore in the quarter ended March 2025, as against a net profit of ₹14.29 crore during the previous quarter ended March 2024. Sales declined 31.68% to ₹99.93 crore in the quarter ended March 2025 as against ₹146.26 crore during the previous quarter ended March 2024.
The market capitalization of Ganesh Benzoplast Ltd (GANESHBE) is ₹702.54 Cr as of 25th June 2025. The company's market capitalization reflects its position as a mid-cap player in the specialty chemicals and infrastructure sectors.
- FY2023-24 Consolidated Turnover: ₹477 Crores (₹287 Cr from LST, ₹190 Cr from Chemicals)
- FY2024-25 Sales: ₹374.31 crore
- FY2024-25 Net Profit: ₹38.09 crore
- Q4 FY2024-25 Sales: ₹99.93 crore
- Q4 FY2024-25 Net Loss: ₹13.19 crore
- Market Capitalization: ₹702.54 Cr (as of 25th June 2025)
The company offers a diverse range of products across its two main divisions:
- Lubricant Additives: Includes engine, driveline, and industrial lubricant additives; detergent/dispersant, antiwear/anti-oxidant, and other components; sodium, calcium, barium, and magnesium petroleum sulphonate chemicals, and other lube additives.
- Chemicals: Comprising sodium benzoate, benzoic acid, methyl benzoate, and benzoate plasticisers.
GBL's main product, benzoplast plasticisers, are organic compounds added to plastics to increase their fabrication properties and are used widely in the production of PVC items, cables, hoses, flooring, and other household items.
GBL's world-class quality products are very popular among the food & beverage, automobile, paints, lubricants, and pharmaceutical industries. The company has established a strong market presence through its focus on quality and customer satisfaction.
The company has a workforce of more than 250 people, reflecting its operational scale and commitment to maintaining adequate staffing levels across its diverse business operations.
GBL is continuously progressing under the proficient guidance of its CEO, Mr. Ramakant Pilani. His in-depth knowledge and immense industry experience have been instrumental in driving the company's growth and market expansion, enabling it to garner a significant client base in the international market.
- JNPT LPG Terminal JV Withdrawal: Partners withdrew from the JNPT LPG terminal Joint Venture; however, the company retains the land and is actively exploring new growth options. This indicates the company's proactive approach to managing its business portfolio.
- Regulatory Compliance: The Annual Secretarial Compliance Report confirms full SEBI compliance for the financial year ended March 31, 2025, demonstrating the company's commitment to regulatory standards and corporate governance.
The company continues to adapt to market conditions while maintaining its focus on both infrastructure services and specialty chemical manufacturing, positioning itself for future growth opportunities in India's evolving industrial landscape.
