Shares of this small-cap company from oil storage and transportation space delivered over 120% returns in the last two years!

Shares of this small-cap company from oil storage and transportation space delivered over 120% returns in the last two years!

Stock Recommendations
by 5paisa Research Team Last Updated: 2023-01-09T15:26:10+05:30

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.2 lakh today.

Gyanesh Benzoplast Ltd, an S&P BSE SmallCap company, has delivered stellar returns to its shareholders in the last two years. An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.2 lakh today.

During this period, the company’s share price jumped from Rs 61.50 on 06 January 2021 to Rs 137.10 on 06 January 2023, an increase of 122% in the two-year holding period. Meanwhile, the S&P BSE SmallCap index, of which the company is a part, surged 54.6%, climbing from the level of 18,615.17 on 06 January 2021 to 28,783.56 on 06 January 2023.

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.

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 17.33% YoY to Rs 95.8 crore. Similarly, the bottom line increased by 214% YoY to Rs 13.5 crore.

The company is currently trading at a TTM PE of 19.9x against the industry PE of 27.7x. In FY22, the company delivered an ROE & ROCE of 13.1% and 16.4%, respectively. The company is a constituent of Group B stocks and commands a market capitalization of Rs 863.05 crore.

Today, the scrip opened at Rs 137.05, which was also the day’s low. The scrip touched an intra-day high of Rs 139.20. So far 1,583 shares have been traded on the bourses.

At 11.38 am, the shares of Ganesh Benzoplast Ltd were trading at Rs 139.75, an increase of 1.93% from the previous closing price of Rs 137.10 on BSE. The stock has a 52-week high & low of Rs 156 and Rs 81.10 respectively on BSE.

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