Paradeep Phosphates Ltd
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers in India. 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 ₹ 4,643 Cr.
- Current Price ₹ 57.0
- High / Low ₹ 72.0 / 37.4
- Stock P/E 16.8
- Book Value ₹ 40.7
- Dividend Yield 0.00 %
- ROCE 15.2 %
- ROE 19.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 35.9% CAGR over last 5 years
- Debtor days have improved from 104 to 41.9 days.
- Company's working capital requirements have reduced from 128 days to 63.1 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 3,620 | 3,791 | 4,358 | 4,193 | 5,165 | 7,859 | 9,906 | |
| 3,241 | 3,367 | 3,916 | 3,733 | 4,616 | 7,175 | 9,267 | |
| Operating Profit | 379 | 424 | 442 | 460 | 549 | 684 | 639 |
| OPM % | 10% | 11% | 10% | 11% | 11% | 9% | 6% |
| 53 | 20 | 39 | 35 | 12 | 26 | 48 | |
| Interest | 242 | 159 | 159 | 192 | 111 | 86 | 188 |
| Depreciation | 58 | 62 | 70 | 72 | 83 | 90 | 124 |
| Profit before tax | 131 | 224 | 251 | 230 | 367 | 534 | 375 |
| Tax % | 34% | 33% | 37% | 16% | 39% | 26% | |
| Net Profit | 87 | 151 | 159 | 194 | 223 | 398 | 277 |
| EPS in Rs | 6.91 | 4.23 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 22% |
| TTM: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 36% |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 16% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|
| 575 | 575 | 575 | 575 | 575 | 575 | 814 | |
| Reserves | 670 | 820 | 907 | 1,029 | 1,253 | 1,650 | 2,504 |
| 2,511 | 1,861 | 3,054 | 2,218 | 1,251 | 2,954 | 4,500 | |
| 828 | 875 | 1,091 | 1,188 | 1,344 | 2,749 | 2,958 | |
| Total Liabilities | 4,584 | 4,132 | 5,628 | 5,011 | 4,424 | 7,929 | 10,776 |
| 932 | 1,008 | 1,024 | 1,214 | 1,226 | 1,261 | 2,858 | |
| CWIP | 243 | 215 | 255 | 149 | 220 | 336 | 499 |
| Investments | 0 | 0 | 0 | 4 | 126 | 554 | 4 |
| 3,409 | 2,909 | 4,349 | 3,644 | 2,852 | 5,778 | 7,416 | |
| Total Assets | 4,584 | 4,132 | 5,628 | 5,011 | 4,424 | 7,929 | 10,776 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| 701 | 804 | -920 | 1,270 | 1,501 | -44 | |
| -132 | 73 | -103 | -143 | -289 | -1,099 | |
| -589 | -868 | 1,018 | -1,141 | -1,124 | 1,589 | |
| Net Cash Flow | -20 | 9 | -5 | -15 | 87 | 446 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| Debtor Days | 225 | 184 | 196 | 187 | 82 | 42 |
| Inventory Days | 106 | 92 | 166 | 147 | 85 | 133 |
| Days Payable | 77 | 88 | 83 | 110 | 89 | 132 |
| Cash Conversion Cycle | 253 | 189 | 280 | 224 | 78 | 43 |
| Working Capital Days | 251 | 188 | 272 | 214 | 105 | 63 |
| ROCE % | 11% | 11% | 10% | 14% | 15% |
Documents
Announcements
- Board Meeting Intimation for Meeting Of The Board Of The Company Is Scheduled On Tuesday, January 31, 2023 To Consider, Inter Alia, The Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2022. 20 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2022 received from our Share Transfer Agents …
- Closure of Trading Window 30 Dec
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Dec 2022 - The members of the management team will host a 'Capital Markets Day' on December 8th, 2022, Thursday at Sofitel, BKC - Mumbai. The details of …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Dec 2022 - The members of the management team of the Company will attend the 'Kotak Institutional Equities India Chemical Forum' on December 7th, 2022, Wednesday at Kotak …
Annual reports
Concalls
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Nov 2022Transcript PPT
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.
In February 2002, GoI disinvested 74% of PPLs equity in favor of Zuari Maroc Phosphates Private Limited (ZMPPL), a 50:50 joint venture between Zuari Industries Ltd (ZIL, a K.K. Birla Group company) and Maroc Phosphorus, Morocco (part of OCP Group, Morocco). ZMPPL holds an 80.45% stake in PPL, while the remaining 19.55% is held by the GoI.