You are here » Home » Companies » Company Overview » Ganesh Benzoplast Ltd

Ganesh Benzoplast Ltd.

BSE: 500153 Sector: Industrials
NSE: GANESHBENZ ISIN Code: INE388A01029
BSE LIVE 15:40 | 24 Nov 96.25 -1.15
(-1.18%)
OPEN

97.50

HIGH

98.95

LOW

96.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 97.50
PREVIOUS CLOSE 97.40
VOLUME 69295
52-Week high 108.35
52-Week low 31.60
P/E 23.42
Mkt Cap.(Rs cr) 499
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 97.50
CLOSE 97.40
VOLUME 69295
52-Week high 108.35
52-Week low 31.60
P/E 23.42
Mkt Cap.(Rs cr) 499
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ganesh Benzoplast Ltd. (GANESHBENZ) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to write to you at the end of year about the growth &progress of your Company throughout FY 2016-17.

Your Company Ganesh Benzoplast Ltd reported a net profit of Rs. 148.89 Millions(Before Exceptional items) & net revenue of Rs. 1181.15 Millions during the year2016-17. Last year net profit was Rs. 122.56 Millions (Before Exceptional items) & netrevenue was Rs. 1194.31 Millions.

During the year the Company had expanded its storage capacity at JNPT & Cochinterminals the impact of which on revenue generation of the Company will be reflected inthe coming quarters of financial is further expected to generate good revenue from the LSTdivision with its maximum capacity utilization & reduction in the finance cost. alsoplanning to set up a LPG terminal at its GOA facility.

Further the Company is planning to segregate both the divisions of the Company eitherby Demerger or Slump Sale as decided by the Board in its Meeting held on August 18 2017.As both the divisions has totally different synergies & to ensure greater focus to theoperation of each of the divisions & to enhance profitability & generate maximumshareholder value it will be more beneficial for the Company to segregate its both thedivisions.

Under Chemical division also to improve the revenue & profits the Company is inprocess of expanding its product base & increasing the capacity utilization of plantsupgradation of manufacturing facility & adding some more products with greater margins& high demand in chemical segment.

I would like to thank all our customers employees suppliers bankers Portauthorities & statutory bodies who are directly & indirectly associated with theCompany for their support & commitment. I would like to thank our shareholders fortheir trust & encouragement & assure to serve strong profitable& sustainablegrowth.

With Warm regards

Rishi Pilani

Chairman & Managing Director