POCL Enterprises Ltd

POCL Enterprises Ltd

₹ 335 -2.18%
23 Feb - close price
About

Incorporated in 1988, POCL Enterprises Ltd manufactures and trades various metals, chemicals and their oxides

Key Points

Product Profile:[1]
a) Metallic Oxide Division: Red Lead, Litharge, Lead Sub Oxide, Zinc Oxide
b) Plastic Additive Division:[2] PVC stabilizer is used applications like RPVC Pipes, Fittings Profiles, Cable Insulations, PVC Compounds & Foot Wear
c) Zinc Refining Division:[3] Used in varactors, thermal papers, electroplating, dietary supplement in animal feed, ceramic, floor tiles, frits & glazes. Primarily used as accelerator, activator & reinforcing agent in rubber
d) Lead Alloying Division:[4] Used in sound barriers and as a shield against X-rays, plumbing industry and is also added to paints

  • Market Cap 187 Cr.
  • Current Price 335
  • High / Low 369 / 107
  • Stock P/E 14.5
  • Book Value 102
  • Dividend Yield 0.60 %
  • ROCE 21.0 %
  • ROE 28.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.3% CAGR over last 5 years
  • Debtor days have improved from 35.8 to 25.5 days.
  • Company's working capital requirements have reduced from 70.0 days to 45.4 days

Cons

  • Stock is trading at 3.28 times its book value

* 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
93.80 113.39 82.74 119.16 145.54 150.39 157.31 203.99 270.16 242.90 217.52 339.13 256.13
90.40 111.53 81.12 115.66 143.79 145.94 152.02 192.28 264.34 237.07 210.48 330.35 246.23
Operating Profit 3.40 1.86 1.62 3.50 1.75 4.45 5.29 11.71 5.82 5.83 7.04 8.78 9.90
OPM % 3.62% 1.64% 1.96% 2.94% 1.20% 2.96% 3.36% 5.74% 2.15% 2.40% 3.24% 2.59% 3.87%
0.49 1.25 0.86 0.31 1.07 -1.87 0.03 0.05 0.21 0.24 0.15 0.05 0.04
Interest 1.40 1.37 1.58 1.67 1.97 1.46 1.82 2.29 3.12 3.02 2.66 4.01 3.08
Depreciation 0.43 0.48 0.41 0.41 0.41 0.57 0.44 0.44 0.40 0.48 0.35 0.35 0.35
Profit before tax 2.06 1.26 0.49 1.73 0.44 0.55 3.06 9.03 2.51 2.57 4.18 4.47 6.51
Tax % 11.65% 19.84% -8.16% -3.47% -9.09% -7.27% 20.26% 24.58% 25.90% 30.35% 24.88% 25.95% 28.73%
1.82 1.01 0.52 1.78 0.48 0.58 2.44 6.81 1.86 1.79 3.15 3.31 4.63
EPS in Rs 3.26 1.81 0.93 3.19 0.86 1.04 4.38 12.21 3.34 3.21 5.65 5.94 8.30
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2 1 17 161 202 317 486 454 347 319 498 874 1,056
2 1 16 155 195 312 474 450 342 310 486 845 1,024
Operating Profit 0 0 1 7 7 5 11 4 5 9 12 29 32
OPM % 6% 3% 4% 4% 3% 2% 2% 1% 1% 3% 2% 3% 3%
0 0 -0 0 1 3 3 2 3 1 0 1 0
Interest 0 0 0 4 4 6 8 11 7 6 7 11 13
Depreciation 0 0 0 1 1 1 1 2 2 2 2 2 2
Profit before tax 0 0 0 3 3 1 5 -6 -2 2 3 17 18
Tax % 75% 33% 33% 40% 34% 26% 42% 0% 61% 18% -6% 25%
0 0 0 1 2 1 3 -6 -1 1 3 13 13
EPS in Rs 0.26 0.26 1.28 2.67 3.78 1.40 4.79 -11.53 -1.09 2.60 6.04 23.12 23.10
Dividend Payout % 0% 0% 0% 37% 26% 0% 25% 0% 0% 0% 0% 9%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 36%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: 38%
3 Years: 196%
TTM: 10%
Stock Price CAGR
10 Years: %
5 Years: 62%
3 Years: 116%
1 Year: 165%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 15%
Last Year: 29%

Balance Sheet

Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 6 6 6 6 6 6 6 6 6 6
Reserves 0 0 1 8 10 33 36 29 28 30 33 46 51
0 0 2 36 45 71 104 85 73 85 86 90 99
1 0 3 10 10 10 30 19 32 10 26 21 62
Total Liabilities 2 2 7 60 70 119 175 138 138 131 150 163 218
0 0 0 5 7 32 32 32 32 32 31 30 31
CWIP 0 0 0 0 2 0 0 1 1 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
2 1 7 55 61 87 143 104 106 99 119 132 186
Total Assets 2 2 7 60 70 119 175 138 138 131 150 163 218

Cash Flows

Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 -34 2 -19 -25 34 17 -5 7 6
0 -1 -5 -2 -1 -2 0 -1 -1 -1
-2 36 4 20 26 -30 -19 6 -6 -6
Net Cash Flow 0 1 1 -0 -0 2 -2 -0 0 -0

Ratios

Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 138 207 4 61 59 55 64 48 45 50 32 26
Inventory Days 122 140 65 46 25 29 39 21 55 47 51 24
Days Payable 138 84 63 10 12 7 21 13 32 9 18 7
Cash Conversion Cycle 122 263 6 98 73 77 82 56 68 88 65 43
Working Capital Days 166 335 38 96 84 83 83 65 75 98 66 45
ROCE % 7% 3% 23% 12% 7% 10% 3% 5% 7% 9% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
45.29% 45.32% 45.35% 45.35% 45.35% 45.35% 45.35% 45.35% 45.36% 45.36% 45.36% 45.36%
54.71% 54.68% 54.65% 54.65% 54.65% 54.65% 54.64% 54.64% 54.63% 54.63% 54.62% 54.64%
No. of Shareholders 5,4585,3845,3605,5145,4285,3105,4666,0596,0725,9726,5556,130

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