The Phosphate Company Ltd

About [ edit ]

The Phosphate Company is primarily engaged in the business of farm inputs comprising of fertiliser, crop protection, specialty nutrients and organic compost.(Source : 201903 Annual Report Page No: 36)

  • Market Cap 19.2 Cr.
  • Current Price 53.2
  • High / Low 71.4 / 29.3
  • Stock P/E 8.10
  • Book Value 203
  • Dividend Yield 0.00 %
  • ROCE 5.82 %
  • ROE 2.93 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.26 times its book value
  • Debtor days have improved from 90.21 to 65.93 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.09% over past five years.
  • Company has a low return on equity of 2.39% for last 3 years.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
10.49 18.77 28.94 13.80 8.57 19.70 28.00 14.89 3.42 20.82 22.51
9.05 16.92 25.40 11.93 7.11 17.54 25.57 13.90 4.29 15.69 20.28
Operating Profit 1.44 1.85 3.54 1.87 1.46 2.16 2.43 0.99 -0.87 5.13 2.23
OPM % 13.73% 9.86% 12.23% 13.55% 17.04% 10.96% 8.68% 6.65% -25.44% 24.64% 9.91%
Other Income 0.02 0.03 0.09 0.12 0.02 0.03 0.02 0.06 0.08 0.00 0.11
Interest 1.13 1.23 1.35 1.38 1.16 1.24 0.94 0.79 0.87 0.78 0.82
Depreciation 0.26 0.26 0.29 0.32 0.28 0.29 0.20 0.30 0.27 0.27 0.27
Profit before tax 0.07 0.39 1.99 0.29 0.04 0.66 1.31 -0.04 -1.93 4.08 1.25
Tax % -228.57% 56.41% 54.77% 55.17% -50.00% 40.91% -32.82% -75.00% 27.98% 27.94% 29.60%
Net Profit 0.23 0.16 0.90 0.13 0.06 0.39 1.74 -0.06 -1.39 2.94 0.88
EPS in Rs 2.49 0.36 0.17 1.08 4.82 -0.17 -3.85 8.15 2.44

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
69.01 75.55 62.64 69.06 72.00 72.86 61.64
64.21 72.57 54.65 61.01 63.30 65.83 54.16
Operating Profit 4.80 2.98 7.99 8.05 8.70 7.03 7.48
OPM % 6.96% 3.94% 12.76% 11.66% 12.08% 9.65% 12.13%
Other Income 1.18 8.76 0.37 0.23 0.26 0.14 0.25
Interest 6.08 7.16 6.72 5.09 5.09 4.12 3.26
Depreciation 0.99 1.04 0.99 1.03 1.13 1.06 1.11
Profit before tax -1.09 3.54 0.65 2.16 2.74 1.99 3.36
Tax % 179.82% 52.26% 26.15% 29.17% 47.81% -7.04%
Net Profit 0.87 1.69 0.48 1.53 1.42 2.12 2.37
EPS in Rs 3.94 5.88 6.57
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:1%
3 Years:5%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:24%
3 Years:65%
TTM:2%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-7%
Return on Equity
10 Years:%
5 Years:0%
3 Years:2%
Last Year:3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3.61 3.61 3.61 3.61 3.61 3.61
Reserves 57.09 52.87 64.59 66.02 67.47 69.49
Borrowings 41.41 51.30 40.55 36.96 39.25 25.81
17.78 20.20 14.01 17.60 18.35 16.52
Total Liabilities 119.89 127.98 122.76 124.19 128.68 115.43
68.80 71.07 81.64 81.31 80.80 80.84
CWIP 0.02 0.05 0.57 1.25 1.72 2.44
Investments 0.00 0.00 0.05 0.10 0.05 0.26
51.07 56.86 40.50 41.53 46.11 31.89
Total Assets 119.89 127.98 122.76 124.19 128.68 115.43

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1.87 -3.16 15.33 8.84 3.66 20.03
0.95 -0.73 -0.64 -1.31 -0.92 -1.90
-2.55 4.17 -15.03 -7.55 -2.72 -17.36
Net Cash Flow 0.27 0.28 -0.33 -0.02 0.02 0.77

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 1.98% 6.80% 6.72% 7.20% 5.82%
Debtor Days 125.83 147.88 132.45 109.09 95.61 65.93
Inventory Turnover 3.21 2.84 4.05 3.08 3.00

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
68.90 68.90 68.90 68.90 68.90 68.90 68.91 68.91 68.91 68.91
9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.24
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00
21.73 21.73 21.73 21.73 21.73 21.73 21.72 21.72 21.73 21.85

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