Paradeep Phosphates Ltd
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company. The company is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (namely NPK-10, NPK-12, and NP-20), Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid.[1]
- Market Cap ₹ 5,737 Cr.
- Current Price ₹ 70.4
- High / Low ₹ 85.9 / 51.3
- Stock P/E 64.9
- Book Value ₹ 42.2
- Dividend Yield 0.71 %
- ROCE 11.0 %
- ROE 11.0 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Debtor days have increased from 74.8 to 101 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: Fertilizers Industry: Fertilizers
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
3,620 | 3,791 | 4,358 | 4,193 | 5,165 | 7,859 | 13,341 | 12,976 | |
3,241 | 3,367 | 3,916 | 3,733 | 4,616 | 7,175 | 12,525 | 12,386 | |
Operating Profit | 379 | 424 | 442 | 460 | 549 | 684 | 816 | 591 |
OPM % | 10% | 11% | 10% | 11% | 11% | 9% | 6% | 5% |
53 | 20 | 39 | 35 | 12 | 26 | 76 | 108 | |
Interest | 242 | 159 | 159 | 192 | 111 | 86 | 291 | 351 |
Depreciation | 58 | 62 | 70 | 72 | 83 | 90 | 175 | 203 |
Profit before tax | 131 | 224 | 251 | 230 | 367 | 534 | 426 | 145 |
Tax % | 34% | 33% | 37% | 16% | 39% | 26% | 29% | |
87 | 151 | 159 | 194 | 223 | 398 | 304 | 88 | |
EPS in Rs | 151.03 | 261.69 | 276.39 | 337.21 | 388.32 | 6.91 | 3.73 | 1.09 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 47% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 17% |
TTM: | -73% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 37% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 575 | 575 | 575 | 575 | 575 | 575 | 814 | 815 |
Reserves | 670 | 820 | 907 | 1,029 | 1,253 | 1,650 | 2,691 | 2,621 |
2,511 | 1,861 | 3,054 | 2,218 | 1,251 | 2,954 | 4,648 | 3,902 | |
828 | 875 | 1,091 | 1,188 | 1,344 | 2,749 | 2,504 | 2,288 | |
Total Liabilities | 4,584 | 4,132 | 5,628 | 5,011 | 4,424 | 7,929 | 10,658 | 9,626 |
932 | 1,008 | 1,024 | 1,214 | 1,226 | 1,261 | 2,872 | 3,287 | |
CWIP | 243 | 215 | 255 | 149 | 220 | 336 | 697 | 437 |
Investments | 0 | 0 | 0 | 4 | 126 | 554 | 4 | 4 |
3,409 | 2,909 | 4,349 | 3,644 | 2,852 | 5,778 | 7,085 | 5,899 | |
Total Assets | 4,584 | 4,132 | 5,628 | 5,011 | 4,424 | 7,929 | 10,658 | 9,626 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
701 | 804 | -920 | 1,270 | 1,501 | -44 | -2,377 | |
-132 | 73 | -103 | -143 | -289 | -1,099 | -419 | |
-589 | -868 | 1,018 | -1,141 | -1,124 | 1,589 | 2,301 | |
Net Cash Flow | -20 | 9 | -5 | -15 | 87 | 446 | -495 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 225 | 184 | 196 | 187 | 82 | 42 | 101 |
Inventory Days | 106 | 92 | 166 | 147 | 85 | 133 | 77 |
Days Payable | 77 | 88 | 83 | 110 | 89 | 132 | 66 |
Cash Conversion Cycle | 253 | 189 | 280 | 224 | 78 | 43 | 112 |
Working Capital Days | 251 | 188 | 272 | 214 | 105 | 63 | 124 |
ROCE % | 11% | 11% | 10% | 14% | 15% | 11% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
17 Apr - Allotment of 39193 number of equity shares pursuant to exercise of options under PPL- Employee Stock Option Plan 2021
- Compliance Certificate As per Regulation 40(10) Of SEBI (LODR), Regulations 2015 12 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - Compliance certificate under Reg 74(5) of SEBI(DP) Regulations,2018
-
Compliance Certificate - Regulation 7(3) Of SEBI (LODR) Regulations, 2015.
10 Apr - Compliance certificate pursuant to Reg 7(3) of SEBI (LODR) Regulations, 2015
- Disclosure Of Information Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 1 Apr
Concalls
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptPPT
History[1] Paradeep Phosphates Limited (PPL) was incorporated in 1981 as a joint venture between the Government of India (GoI) and the Republic of Nauru to set up facilities for manufacturing di-ammonium phosphate (DAP) at Paradeep, Orissa. In 1993, the Republic of Nauru disinvested its equity stake in the GoI and PPL became a public sector enterprise wholly owned by the GoI.
After the IPO in FY23, Zuari Agro Chemicals (ZACL) and OCP Group together hold 56.1% in PPL post IPO.[2]