Ganesh Benzoplast Management Guidance Tracker

40-50% of the new capacity will be ready by Q1 FY27, with full commissioning by Q1 FY28.

The first phase of JNPT expansion (50,000 KL) will be commissioned by end of calendar year 2026, with revenue contribution expected from Q4 FY27.

Once fully commissioned, the 1 lakh KL expansion is expected to add ₹45-50 crore to topline.

On existing leased tanks, management expects rental revenue to grow 5-6% annually, consistent with historical trends.

Incremental EBITDA margins from the expansion are expected to be 65-75%.

Management expects to pass on the increased lease rental burden to customers over 15-18 months, restoring margins to pre-reset levels.

Company plans to initiate dividend payments starting from the next financial year (FY27), subject to shareholder approval.

Total capex for the 50,000 KL and subsequent 60,000 KL expansions is approximately ₹100 crore.