Ganesh Benzoplast Limited (GANESHBE.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-3.1%

₹93.52

vs ₹96.52 price

Levered DCF

₹89.59

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.79

Grey zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.07×	21.45×	20.99×	18.6×	19.55×	24.09×	14.53×	15.64×
P/B	0.85×	1.52×	2.57×	2.87×	2.28×	2.27×	3.36×	4.37×
P/S	1.26×	2.18×	2.7×	2.43×	1.79×	1.95×	1.98×	2.31×
EV / EBITDA	5.5×	9.62×	12.21×	11.3×	10.34×	7.67×	9.76×	10.24×
Gross margin	59.4%	71.7%	51.2%	29.9%	55.9%	63.2%	55.6%	30.5%
Operating margin	16.9%	23.0%	15.9%	17.0%	13.4%	25.3%	22.7%	19.3%
Net margin	17.8%	10.2%	12.9%	13.1%	9.1%	8.1%	13.6%	14.8%
Current ratio	1.65×	2.19×	2.01×	1.56×	1.57×	1.47×	1.05×	0.73×
Debt / equity	0.12×	0.12×	0.11×	0.17×	0.09×	0.25×	0.42×	0.59×
Interest coverage	12.02×	12.37×	15.76×	17.35×	13.01×	10.22×	5.92×	4.01×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.0%	7.1%	12.2%	15.4%	11.7%	9.4%	23.1%	27.9%
Return on invested capital	7.2%	9.8%	9.4%	11.6%	10.3%	8.7%	26.6%	22.7%
Return on assets	8.6%	5.3%	9.1%	10.3%	8.2%	5.8%	12.4%	12.5%
Free cash flow yield	1.8%	1.9%	0.1%	-0.3%	10.4%	8.1%	2.8%	6.6%
Earnings yield	14.1%	4.7%	4.8%	5.4%	5.1%	4.2%	6.9%	6.4%
Enterprise value	₹5.1B	₹7.8B	₹13.3B	₹10.8B	₹6.5B	₹5.8B	₹5.5B	₹5.5B
Net debt / EBITDA	-0.04×	-0.43×	0.38×	0.59×	0.21×	0.65×	1.04×	1.16×
Cash conversion cycle (days)	66	30	1	21	-61	-76	-53	-39