Share price
₹90.27 latest close · −12.6% over the last 90 sessions
₹90.27 month-end · +6.2% over 12 months
₹90.27 month-end · −47.0% over 3 years
₹90.27 month-end · +728.2% since Feb '19
52-week range ₹68.40 to ₹143.00 · 1-year volatility 50.2%
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 62 points, but investors now pay less per rupee of profit (P/E 15.4x to 8.9x), which took 56 points back.
- The share count rose 2%.
Earnings helped, the multiple did not.
- Per-share earnings added 13 points, but investors now pay less per rupee of profit (P/E 20.1x to 8.9x), which took 60 points back.
- The share count rose 11%.
Mostly yes, with a catch.
- Per-share earnings added 114 points, but investors now pay less per rupee of profit (P/E 22.3x to 8.9x), which took 98 points back.
- The share count rose 15%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-67.1% (2024-02 peak to 2026-02 low, not yet recovered)
-22.2% (2023-08 peak to 2023-10 low, recovered 2024-01)
-21.2% (2022-04 peak to 2022-05 low, recovered 2022-07)
Most recent volume spikes
2026-10-08: 5.2x the 50-day median, price -5.0% that day
2026-10-07: 15.6x the 50-day median, price +4.9% that day
2026-07-29: 5.8x the 50-day median, price -2.2% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Is it expensive against its own past and its peers?
Usual range 8.9x to 29.2x since 2019-02.
44% below the Transportation median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Transportation peers?
Each cell is the company's percentile rank among its Transportation peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE70th▼ 5 pts vs a year ago
- Op. margin75th▼ 3 pts vs a year ago
- Revenue growth51st▲ 42 pts vs a year ago
- EPS growth91st▲ 71 pts vs a year ago
- Debt/equity ↓81stflat vs a year ago
- Cash cycle ↓80th▼ 11 pts vs a year ago
- P/E ↓82nd▲ 11 pts vs a year ago
- 12M momentum75th▲ 52 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Transportation sector page Watch it move against Transportation in the Observatory
What is the price implying?
At a P/E of 12.5x, the price would imply about 10.0%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Transportation The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹90.27
- P/E
- 8.9x
- ROCE
- 15.0%
- Market Cap
- ₹650 cr
- Revenue (TTM)
- ₹433 cr
- P/S
- 1.5x
- P/B
- 1.1x
- ROE
- 11.9%
- Operating Margin
- 23.0%
- Debt / Equity
- 0.1x
- Promoter Holding
- 39.0%
- 12M Momentum
- 6.2%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance36%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 36.1%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate25%Within range
Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion1.20xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 1.20x (cash from operations ₹206 cr, net profit ₹172 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+4 daysWithin range
Debtor days are above the median of the previous three fiscal years by 4 days (49 vs 45). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress5% of fixed assetsWithin range
Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+53 days / 2 yrsNear threshold
Days payable changed by +53 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, promoters trimmed 2.0 pts; FIIs trimmed 1.8 pts; DIIs added 1.0 pts.
- The number of shareholders rose from 43,417 to 51,013 (+17%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like GANESH BENZOPLAST LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −14% to +30% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (+6.4%, 80% range −0.4% to +13.5%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ORBTEXP Process Industries |
May 2025 | 12x | 19% | +3% | −38% | 0% |
| ASAHISONG Process Industries |
Jun 2021 | 13x | 15% | +127% | −13% | −11% |
| BALMLAWRIE Producer Manufacturing |
Jun 2024 | 16x | 16% | +98% | −14% | −22% |
| BLISSGVS Health Technology |
Oct 2024 | 16x | 14% | +47% | −16% | +24% |
| ORIENTCER Non-Energy Minerals |
Feb 2021 | 6x | — | +47% | −20% | +3% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/S and debt/equity. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Nov '22
- OctValuationP/E fell below the 10th percentile of its own history to date (8.7x).
- OctPriceVolume reached 15.6x its 50-day median on 2026-10-07; price +4.9% that day.
- JulPriceVolume reached 45.1x its 50-day median on 2026-07-22; price +3.7% that day.
- JunResultsYear-on-year EPS growth turned positive.
- JunValuationP/E fell below the 10th percentile of its own history to date (10.1x).
- JunPeer rankMoved into the top quartile of Transportation on EPS growth (from the 3rd quartile).
- JunPriceVolume reached 23.3x its 50-day median on 2026-06-05; price +10.6% that day.
- FebPriceFell 67% from the Feb 2024 peak to the Feb 2026 low.
Show 22 earlier events
- FebPriceVolume reached 10.5x its 50-day median on 2026-02-12; price +2.7% that day.
- DecPeer rankSlipped to the 2nd quartile of Transportation on ROCE (from the top quartile).
- NovPriceVolume reached 6.9x its 50-day median on 2025-11-26; price +3.7% that day.
- AugPriceVolume reached 15.4x its 50-day median on 2025-08-12; price +5.9% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankMoved into the top quartile of Transportation on ROCE (from the 2nd quartile).
- JunPriceVolume reached 23.5x its 50-day median on 2025-06-18; price -1.6% that day.
- JanPriceVolume reached 14.6x its 50-day median on 2025-01-20; price +11.1% that day.
- DecPriceVolume reached 6.4x its 50-day median on 2024-12-16; price +7.8% that day.
- SepPeer rankMoved into the top quartile of Transportation on operating margin (from the 2nd quartile).
- JulPriceVolume reached 6.5x its 50-day median on 2024-07-25; price +7.6% that day.
- JunResultsRevenue (TTM) reached a new high of ₹477 cr.
- JunPeer rankSlipped to the 2nd quartile of Transportation on ROCE (from the top quartile).
- JanPriceVolume reached 36.9x its 50-day median on 2024-01-30; price +13.2% that day.
- NovPriceVolume reached 10.1x its 50-day median on 2023-11-29; price +1.9% that day.
- AugPriceVolume reached 17.3x its 50-day median on 2023-08-29; price +2.4% that day.
- JunResultsRevenue (TTM) reached a new high of ₹421 cr.
- JunPeer rankMoved into the top quartile of Transportation on ROCE (from the 2nd quartile).
- JunSharesShare count is up 16.7% over 12 months.
- MarValuationP/E crossed above the 90th percentile of its own history to date (31.0x).
- FebPriceVolume reached 65.0x its 50-day median on 2023-02-14; price +13.5% that day.
- NovPriceVolume reached 9.4x its 50-day median on 2022-11-03; price +4.0% that day.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history94 months · 2019-02 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 8.9x | ₹433 cr | 11.9% | 15.0% | 0.1x |
| 2026-10 | 8.7x | ₹433 cr | 11.9% | 15.0% | 0.1x |
| 2026-09 | 13.0x | ₹433 cr | 11.9% | 15.0% | 0.1x |
| 2026-08 | 11.3x | ₹411 cr | 11.9% | 15.0% | 0.1x |
| 2026-07 | 11.0x | ₹411 cr | 11.9% | 15.0% | 0.1x |
| 2026-06 | 10.1x | ₹411 cr | 11.9% | 15.0% | 0.1x |
| 2026-05 | 15.4x | ₹400 cr | 8.4% | 18.0% | 0.1x |
| 2026-04 | 16.1x | ₹400 cr | 8.4% | 18.0% | 0.1x |
| 2026-03 | 11.6x | ₹400 cr | 8.4% | 18.0% | 0.1x |
| 2026-02 | 12.6x | ₹384 cr | 8.7% | 18.0% | 0.1x |
| 2026-01 | 11.1x | ₹384 cr | 8.7% | 18.0% | 0.1x |
| 2025-12 | 12.4x | ₹384 cr | 8.7% | 18.0% | 0.1x |
| 2025-11 | 15.4x | ₹383 cr | 7.2% | 18.0% | 0.1x |
| 2025-10 | 15.7x | ₹383 cr | 7.2% | 18.0% | 0.1x |
| 2025-09 | 16.1x | ₹383 cr | 7.2% | 18.0% | 0.1x |
| 2025-08 | 17.5x | ₹375 cr | 6.9% | 18.0% | 0.1x |
| 2025-07 | 17.8x | ₹375 cr | 6.9% | 18.0% | 0.1x |
| 2025-06 | 18.7x | ₹375 cr | 6.9% | 18.0% | 0.1x |
| 2025-05 | 12.3x | ₹421 cr | 12.8% | 18.0% | 0.1x |
| 2025-04 | 13.1x | ₹421 cr | 12.8% | 18.0% | 0.1x |
| 2025-03 | 11.5x | ₹421 cr | 12.8% | 18.0% | 0.1x |
| 2025-02 | 12.0x | ₹438 cr | 12.4% | 18.0% | 0.1x |
| 2025-01 | 13.9x | ₹438 cr | 12.4% | 18.0% | 0.1x |
| 2024-12 | 14.8x | ₹438 cr | 12.4% | 18.0% | 0.1x |
| 2024-11 | 15.5x | ₹443 cr | 12.4% | 18.0% | 0.1x |
| 2024-10 | 15.9x | ₹443 cr | 12.4% | 18.0% | 0.1x |
| 2024-09 | 16.0x | ₹443 cr | 12.4% | 18.0% | 0.1x |
| 2024-08 | 18.5x | ₹477 cr | 12.2% | 18.0% | 0.1x |
| 2024-07 | 18.6x | ₹477 cr | 12.2% | 18.0% | 0.1x |
| 2024-06 | 16.5x | ₹477 cr | 12.2% | 18.0% | 0.1x |
| 2024-05 | 16.9x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2024-04 | 20.0x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2024-03 | 21.7x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2024-02 | 22.4x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2024-01 | 23.6x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-12 | 19.1x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-11 | 20.1x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-10 | 16.8x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-09 | 17.9x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-08 | 20.4x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-07 | 18.4x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-06 | 18.0x | ₹421 cr | 15.4% | 21.0% | 0.2x |
| 2023-05 | 29.5x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2023-04 | 31.9x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2023-03 | 31.0x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2023-02 | 31.0x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2023-01 | 26.9x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-12 | 27.4x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-11 | 28.1x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-10 | 28.0x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-09 | 24.2x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-08 | 23.5x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-07 | 26.0x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-06 | 22.5x | ₹357 cr | 11.8% | 16.0% | 0.1x |
| 2022-05 | 35.4x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2022-04 | 37.3x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2022-03 | 29.2x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2022-02 | 27.4x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2022-01 | 30.0x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2021-12 | 28.5x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2021-11 | 22.3x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2021-10 | 24.7x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2021-09 | 24.6x | ₹270 cr | 9.5% | 26.0% | 0.3x |
| 2021-08 | — | — | — | — | — |
| 2021-07 | — | — | — | — | — |
| 2021-06 | — | — | — | — | — |
| 2021-05 | — | — | — | — | — |
| 2021-04 | — | — | — | — | — |
| 2021-03 | — | — | — | — | — |
| 2021-02 | — | — | — | — | — |
| 2021-01 | — | — | — | — | — |
| 2020-12 | — | — | — | — | — |
| 2020-11 | — | — | — | — | — |
| 2020-10 | — | — | — | — | — |
| 2020-09 | — | — | — | — | — |
| 2020-08 | — | — | — | — | — |
| 2020-07 | — | — | — | — | — |
| 2020-06 | — | — | — | — | — |
| 2020-05 | — | — | — | — | — |
| 2020-04 | — | — | — | — | — |
| 2020-03 | — | — | — | — | — |
| 2020-02 | — | — | — | — | — |
| 2020-01 | — | — | — | — | — |
| 2019-12 | — | — | — | — | — |
| 2019-11 | 1.8x | ₹211 cr | 27.7% | 26.0% | 0.6x |
| 2019-10 | 1.8x | ₹211 cr | 27.7% | 26.0% | 0.6x |
| 2019-09 | 1.7x | ₹211 cr | 27.7% | 26.0% | 0.6x |
| 2019-08 | 1.7x | ₹211 cr | 27.7% | 26.0% | 0.6x |
| 2019-07 | 1.6x | ₹211 cr | 27.7% | 26.0% | 0.6x |
| 2019-06 | 1.7x | ₹211 cr | 27.7% | 26.0% | 0.6x |
| 2019-05 | — | ₹169 cr | 100.0% | — | 1.1x |
| 2019-04 | — | ₹169 cr | 100.0% | — | 1.1x |
| 2019-03 | — | ₹169 cr | 100.0% | — | 1.1x |
| 2019-02 | — | ₹169 cr | 100.0% | — | 1.1x |