Ganesh Benzoplast stock hit lower circuit multiple times, down about 27% this month, after management decided to divest its liquid storage terminal business for Rs 1,154 crore

Mon 12 Oct 2026

Stock decline this month

27 percent

LST asset sale value

1,154 crore rupees

Proceeds by Jan 2027

500 crore rupees

Proceeds by March 2027

300 crore rupees

Milestone-based proceeds

354 crore rupees

Heard on business television between 13:51:43 - 13:54:43 IST.

• Stock hit 5% lower circuit in seven of last eight sessions, down 27% in the month.
• Company to sell JNPA, Goa and Cochin tank farm assets (LST business) for Rs 1,154 crore; Rs 500 crore expected by Jan 2027, Rs 300 crore by March 2027, remaining Rs 354 crore milestone-based.
• Management said it is selling the slower-growing LST segment (which contributed ~50-60% of revenue, Rs 225 crore in FY26) to focus on the faster-growing chemical business (Rs 185 crore of Rs 411 crore total revenue, up 6.8%).
• Proceeds to fund Rs 190-200 crore for taxes/bank limit closure, Rs 200 crore buyback and special dividend, and Rs 100 crore to expand chemical business; company targets EPS order book of Rs 2,500-3,000 crore in four-five years and EPS revenue of Rs 250 crore next year versus Rs 50-60 crore currently.
• Analyst Gaurang questioned how the company would grow after selling its larger revenue-contributing business, noting stock has shown high volatility and no clarity on future growth.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.