Ganesh Benzopl. (GANESHBE)

FairStock Score: 55/100 — STEADY

Score breakdown: P/E: 3/3 · ROCE: 1/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Low debt: Debt/Equity of 0.09 and ROCE of 17.56% indicate limited financial risk and decent operating capital efficiency.
• Cheap headline valuation: P/E of 7.26 and P/B of 1.29 relative to market cap of ₹593 Cr.
• Revenue momentum: Sales growth of 18.06% and latest quarterly sales of ₹105 Cr show continued business activity.
• Positive latest-quarter profit: Net profit of ₹16 Cr in the latest quarter confirms the business is still generating earnings.

Concerns

• Profit growth is -12.18% despite revenue growth, pointing to margin compression.
• ROE of 6.27% is weak, and with a 0.00% dividend yield the shareholder gets little return on equity.
• Piotroski F-Score of 4/9 suggests earnings quality and financial health are deteriorating.
• Promoter holding of 39.02% is moderate, and no dividend/buyback signals limited capital return discipline.

AI Analysis

At first glance, Ganesh Benzopl satisfies the Graham checklist: a P/E of 7.26, a price-to-book of 1.29, and a debt-to-equity ratio of just 0.09. In India, oil storage and transportation assets are capital intensive, but low leverage and a return on capital employed of 17.56% suggest the operating machine is not broken. The problem is on the shareholder side. Return on equity is only 6.27%, meaning the company earns less than I could expect from a simple index fund. Dividend yield is zero, so the only way I profit is through growth or a higher multiple. Yet profit growth is -12.18% even though sales grew 18.06%. That tells me margins are being squeezed, and the Piotroski score of 4/9 confirms deteriorating fundamentals: earnings quality, asset turnover, and profitability are not pointing in the same direction. The PEG ratio of 0.40 would be attractive if it were based on real earnings growth, but with falling net profit it is a mirage. At ₹94.32, the market cap is ₹593 crore and book value is ₹73.26, so I pay 1.29 times book for a business whose return on equity is subpar. The latest quarter did show ₹105 crore sales and ₹16 crore profit, so there is a pulse. But one quarter does not make an investment. I would need to see profit growth turn positive, margins stabilise, and management paying shareholders a dividend or buying back shares. Without those, the low P/E could turn into a value trap. A patient investor might watch this, but I would not rush in. The asset base and low debt give a floor, yet the earnings engine has not proven it can reward shareholders.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer