Stock Price Movement and Market Context
On 12 Jan 2026, Ganesh Benzoplast Ltd’s share price declined by 2.16% to hit an intraday low of Rs.76.25, the lowest level recorded in the past year. This marks a continuation of a three-day losing streak, during which the stock has fallen by 5.8%. The stock’s performance today lagged behind the oil sector by 0.78%, indicating relative weakness within its industry group.
Ganesh Benzoplast is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning underscores the prevailing bearish momentum in the stock’s price action.
In contrast, the broader market index, Sensex, also experienced a decline, falling 464.03 points or 0.72% to close at 82,971.28. Despite this, Sensex remains approximately 3.84% below its 52-week high of 86,159.02, with its 50-day moving average still positioned above the 200-day moving average, signalling a more resilient market backdrop compared to Ganesh Benzoplast’s performance.
Long-Term Performance and Relative Underperformance
Over the past year, Ganesh Benzoplast Ltd has delivered a negative return of 41.62%, a stark contrast to the Sensex’s positive 7.27% gain during the same period. This persistent underperformance extends beyond the last 12 months, with the stock consistently lagging the BSE500 index across the previous three annual periods.
The stock’s 52-week high was Rs.148, highlighting the extent of the decline to the current low of Rs.76.25. This nearly 48.5% drop from the peak price reflects significant market pressures and investor sentiment shifts over the year.
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Financial Metrics and Growth Trends
Ganesh Benzoplast’s long-term growth metrics reveal modest expansion. Net sales have increased at an annualised rate of 10.40% over the past five years, while operating profit has grown at a slower pace of 5.96% annually. These figures suggest restrained growth momentum relative to sector peers.
Recent quarterly results for September 2025 indicate a decline in profitability, with the PAT (Profit After Tax) reported at Rs.16.49 crores, down 22.6% compared to the average of the previous four quarters. Meanwhile, interest expenses for the nine-month period have risen sharply by 31.45% to Rs.6.06 crores, exerting additional pressure on net earnings.
The company’s debtors turnover ratio for the half-year stands at 5.75 times, the lowest recorded, signalling slower collection efficiency and potential working capital concerns.
Institutional Investor Activity
Institutional investors have reduced their holdings in Ganesh Benzoplast by 1.47% over the previous quarter, now collectively owning 4.48% of the company’s shares. This decline in institutional participation may reflect a reassessment of the company’s fundamentals by investors with greater analytical resources.
Balance Sheet and Valuation Metrics
Despite the challenges, Ganesh Benzoplast maintains a low average debt-to-equity ratio of 0.02 times, indicating minimal leverage and a conservative capital structure. The company’s return on equity (ROE) is reported at 14.7%, which is relatively attractive within its sector.
Valuation metrics show the stock trading at a price-to-book value of 1, suggesting it is priced at book value. This represents a discount compared to the historical valuations of its peers. The company’s PEG ratio stands at 0.2, reflecting the relationship between its price-to-earnings ratio and earnings growth rate, which may be indicative of undervaluation relative to growth.
Notably, while the stock price has declined by 41.62% over the past year, the company’s profits have increased by 34.7% during the same period, highlighting a divergence between earnings performance and market valuation.
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Mojo Score and Rating Update
Ganesh Benzoplast currently holds a Mojo Score of 31.0, which corresponds to a Sell grade. This rating was downgraded from Hold on 2 June 2025, reflecting a reassessment of the company’s outlook and performance metrics. The market capitalisation grade is rated at 4, indicating a mid-tier market cap classification within the evaluation framework.
The downgrade aligns with the stock’s recent price weakness and the company’s financial trends, including subdued growth and rising interest costs.
Summary of Key Price and Performance Indicators
The stock’s 52-week low of Rs.76.25 contrasts sharply with its 52-week high of Rs.148, underscoring the significant price correction. The three-day consecutive decline and underperformance relative to the oil sector and broader market indices highlight ongoing challenges in regaining upward momentum.
Ganesh Benzoplast’s financial profile presents a mixed picture, with low leverage and reasonable ROE balanced against slowing sales growth, declining quarterly profits, and increased interest expenses. Institutional investor retrenchment further emphasises the cautious stance surrounding the stock.
Overall, the stock’s current valuation reflects these factors, trading at a discount to peers despite profit growth, and maintaining a Sell rating in the latest assessment.
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