Punjab Chemicals & Crop Protection Ltd

Punjab Chemicals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Punjab Chemicals & Crop Protection Ltd

₹ 1,002 -0.39%
13 May 2:31 p.m.
punjabchemicals.com BSE: 506618 NSE: PUNJABCHEM
About

Started in 1975 as Punjab United Pesticides & Chemicals Limited (PUPCL) has now evolved as Punjab Chemicals and Crop Protection Limited (Punjab Chemicals), uniting all its divisions – Agro-technicals, Pharmaceuticals, Intermediates, Chemicals & International Trading, under one roof. The business of the Company is Performance Chemicals, which includes Agro Chemicals, Specialty Chemicals and other chemicals. The Company is also in contract manufacturing business producing products for Indian and multinational companies. [1][2]

Key Points

Business Segments FY23

Website BSE NSE
  • Market Cap ₹ 1,229 Cr.
  • Current Price ₹ 1,002
  • High / Low ₹ 1,392 / 722
  • Stock P/E 22.6
  • Book Value ₹ 284
  • Dividend Yield 0.30 %
  • ROCE 21.5 %
  • ROE 16.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.7%

Cons

  • The company has delivered a poor sales growth of 7.76% over past five years.
  • Debtor days have increased from 59.1 to 81.3 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
209.76 208.41 208.44 255.04 258.68 271.73 277.84 259.52 194.64 280.33 241.10 213.02 196.10
186.14 173.89 177.53 217.74 223.94 235.62 246.11 226.79 173.65 242.87 205.99 187.77 182.28
Operating Profit 23.62 34.52 30.91 37.30 34.74 36.11 31.73 32.73 20.99 37.46 35.11 25.25 13.82
OPM % 11.26% 16.56% 14.83% 14.63% 13.43% 13.29% 11.42% 12.61% 10.78% 13.36% 14.56% 11.85% 7.05%
0.15 1.19 0.10 0.18 0.14 0.15 2.11 1.06 0.65 0.26 1.30 1.09 0.78
Interest 1.95 2.37 2.76 3.03 3.83 3.38 3.92 4.03 6.47 3.51 6.52 5.00 4.17
Depreciation 4.13 3.91 4.21 4.27 4.28 4.56 4.73 4.76 4.96 5.14 5.52 5.47 6.03
Profit before tax 17.69 29.43 24.04 30.18 26.77 28.32 25.19 25.00 10.21 29.07 24.37 15.87 4.40
Tax % 24.70% 25.59% 25.58% 25.61% 30.59% 25.81% 25.96% 26.64% 71.20% 25.83% 26.63% 26.02% 25.68%
13.32 21.90 17.89 22.45 18.58 21.01 18.65 18.34 2.94 21.56 17.88 11.74 3.27
EPS in Rs 10.86 17.86 14.59 18.31 15.15 17.13 15.21 14.96 2.40 17.58 14.58 9.57 2.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
200 416 409 356 411 488 640 548 676 931 1,004 931
189 381 365 331 405 454 574 506 582 792 882 818
Operating Profit 11 36 44 26 5 34 66 41 94 139 122 112
OPM % 6% 9% 11% 7% 1% 7% 10% 8% 14% 15% 12% 12%
11 13 8 47 29 15 2 19 1 0 4 3
Interest 17 32 32 21 22 18 17 18 12 12 18 19
Depreciation 7 15 18 15 14 14 19 15 15 17 19 22
Profit before tax -2 1 4 36 -1 17 32 27 68 110 89 74
Tax % -0% -0% -0% 0% -53% 40% 37% 42% 26% 27% 31% 26%
-2 1 4 36 -2 10 20 16 51 81 61 54
EPS in Rs -1.69 0.96 2.90 29.05 -1.71 8.48 16.51 12.87 41.22 65.91 49.70 44.40
Dividend Payout % -0% -0% -0% -0% -0% -0% 9% 12% 5% 5% 6% 7%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 11%
TTM: -7%
Compounded Profit Growth
10 Years: 28%
5 Years: 16%
3 Years: 3%
TTM: -11%
Stock Price CAGR
10 Years: 31%
5 Years: 8%
3 Years: -4%
1 Year: 29%
Return on Equity
10 Years: 23%
5 Years: 25%
3 Years: 25%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 5 7 7 42 60 70 89 102 152 229 286 336
309 323 282 170 143 117 91 99 88 93 94 123
113 128 119 135 142 169 192 200 219 239 242 197
Total Liabilities 439 470 420 359 357 368 384 413 470 574 634 669
244 234 221 175 169 177 180 168 189 212 222 237
CWIP 8 1 7 4 6 4 7 15 16 7 20 12
Investments 3 3 4 4 5 1 1 1 1 1 2 8
183 232 190 176 177 186 197 230 265 354 390 413
Total Assets 439 470 420 359 357 368 384 413 470 574 634 669

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24 36 48 81 48 58 69 32 47 32 57 29
-5 -2 -0 12 -8 -15 -21 -14 -14 -27 -36 -36
-50 -15 -65 -97 -40 -43 -4 -19 -23 -9 -20 5
Net Cash Flow -30 19 -17 -5 0 1 45 0 10 -4 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 125 60 52 57 43 31 35 32 45 44 52 81
Inventory Days 156 104 87 82 83 83 75 97 91 99 97 85
Days Payable 203 112 92 101 122 131 103 100 102 84 79 75
Cash Conversion Cycle 79 52 48 38 4 -17 7 29 35 58 70 91
Working Capital Days 3 7 -30 -5 -7 -0 8 19 23 45 56 86
ROCE % 11% 12% 8% 10% 15% 30% 22% 34% 42% 29%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22%
2.94% 3.04% 3.00% 2.99% 2.99% 3.05% 2.99% 2.99% 2.97% 2.99% 2.98% 3.00%
0.34% 0.52% 0.91% 1.07% 0.75% 0.80% 1.02% 0.98% 0.20% 0.15% 0.15% 0.42%
1.00% 1.00% 1.00% 1.00% 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
56.50% 56.23% 55.88% 55.73% 56.04% 56.94% 56.79% 56.82% 57.60% 57.65% 57.65% 57.36%
No. of Shareholders 15,32719,39919,38319,41919,96220,50421,23921,02921,94622,16821,18321,336

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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