Pondy Oxides & Chemicals Ltd

About [ edit ]

POCL's principal activities are converting Lead Scraps of various forms into Lead Metal and Alloys. The company carries out smelting of Lead Battery Scrap to produce secondary lead metal which is further transformed into Pure lead and Specific Lead Alloys. Further company also manufactures Zinc metal and Zinc Oxide.

  • Market Cap 131 Cr.
  • Current Price 225
  • High / Low 302 / 136
  • Stock P/E 12.3
  • Book Value 264
  • Dividend Yield 1.33 %
  • ROCE 13.4 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.85 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.39%
  • Company's median sales growth is 18.42% of last 10 years

Cons

  • Company might be capitalizing the interest cost

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
260.30 247.50 301.82 255.18 244.39 248.87 332.32 372.22 266.46 149.47 263.78 292.56
243.94 231.98 280.37 235.08 237.15 245.28 325.73 359.11 254.25 144.72 259.34 284.97
Operating Profit 16.36 15.52 21.45 20.10 7.24 3.59 6.59 13.11 12.21 4.75 4.44 7.59
OPM % 6.29% 6.27% 7.11% 7.88% 2.96% 1.44% 1.98% 3.52% 4.58% 3.18% 1.68% 2.59%
Other Income -1.18 1.28 1.93 1.02 -0.25 0.06 1.10 0.06 2.33 0.58 0.14 0.23
Interest 3.73 3.12 3.09 2.49 2.52 2.31 1.53 2.75 3.36 0.46 1.18 1.34
Depreciation 1.27 1.16 1.31 1.37 1.36 1.27 1.27 1.34 3.99 2.03 2.10 2.13
Profit before tax 10.18 12.52 18.98 17.26 3.11 0.07 4.89 9.08 7.19 2.84 1.30 4.35
Tax % 30.55% 34.82% 34.83% 34.99% 36.66% -242.86% 22.70% 11.78% 39.92% 27.46% 18.46% 26.90%
Net Profit 7.06 8.15 12.38 11.23 1.97 0.23 3.78 8.01 4.33 2.06 1.07 3.18
EPS in Rs 12.66 14.62 22.20 20.14 3.53 0.41 6.78 14.37 7.45 3.54 1.84 5.47

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
104 146 255 302 342 448 373 466 759 940 1,049 1,220 972
103 133 239 291 332 434 355 439 705 882 984 1,183 943
Operating Profit 2 13 16 11 10 13 18 27 54 58 65 36 29
OPM % 2% 9% 6% 4% 3% 3% 5% 6% 7% 6% 6% 3% 3%
Other Income 3 1 1 2 4 1 1 1 4 2 4 3 3
Interest 4 5 6 6 8 8 7 8 10 12 12 11 6
Depreciation 2 2 2 3 2 2 2 4 4 4 5 8 10
Profit before tax -1 7 8 4 4 4 10 16 44 44 52 21 16
Tax % -70% 23% 33% 33% 32% 34% 31% 37% 36% 34% 35% 23%
Net Profit -1 6 6 3 3 3 7 10 28 29 34 16 11
EPS in Rs -1.18 5.66 5.47 2.57 2.46 2.51 12.03 18.17 50.75 52.33 60.49 28.13 18.30
Dividend Payout % -42% 21% 26% 39% 40% 40% 17% 11% 6% 6% 7% 11%
Compounded Sales Growth
10 Years:24%
5 Years:27%
3 Years:17%
TTM:-19%
Compounded Profit Growth
10 Years:11%
5 Years:18%
3 Years:-15%
TTM:-24%
Stock Price CAGR
10 Years:19%
5 Years:17%
3 Years:-22%
1 Year:53%
Return on Equity
10 Years:23%
5 Years:27%
3 Years:23%
Last Year:12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
10 10 10 11 11 11 6 6 6 6 6 6 6
Reserves 11 15 19 24 26 27 26 35 66 93 125 145 148
Borrowings 26 42 54 50 76 75 57 83 110 146 142 56 128
7 14 14 16 23 23 22 30 11 7 9 12 17
Total Liabilities 54 81 97 102 135 137 112 152 193 251 281 219 299
13 17 21 21 23 22 15 26 27 32 34 61 57
CWIP 0 0 2 2 1 3 11 1 3 2 1 2 4
Investments 3 3 3 1 1 1 0 0 0 0 0 0 0
38 60 71 78 110 111 85 126 163 217 246 157 238
Total Assets 54 81 97 102 135 137 112 152 193 251 281 219 299

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7 -14 3 11 -17 8 45 -10 -7 -19 23 135
0 -6 -7 1 -2 -2 -8 -3 -9 -3 -8 -35
0 12 6 -7 20 -13 -36 9 16 23 -16 -95
Net Cash Flow 8 -8 2 5 1 -6 1 -4 0 0 -0 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 3% 21% 19% 11% 11% 11% 17% 22% 34% 26% 25% 13%
Debtor Days 51 51 44 29 55 39 29 30 30 35 31 17
Inventory Turnover 11.39 7.83 9.46 9.65 10.17 12.13 9.90 9.44 10.50 10.19 9.15 12.62

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
46.21 46.25 46.34 46.38 46.42 46.42 46.70 46.86 48.74 48.74 48.74 48.74
0.15 0.06 0.29 0.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.09 0.06 0.06 0.00 0.05 0.00 0.00 0.00 0.00 0.00
53.64 53.69 53.28 53.27 53.52 53.58 53.25 53.14 51.26 51.26 51.26 51.26

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