Paradeep Phosphates Ltd

Paradeep Phospha Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Paradeep Phosphates Ltd

₹ 58.5 8.81%
06 Jun 3:55 p.m.
paradeepphosphates.com BSE: 543530 NSE : PARADEEP
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 4,768 Cr.
  • Current Price ₹ 58.5
  • High / Low ₹ 72.0 / 37.4
  • Stock P/E 15.6
  • Book Value ₹ 43.0
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE 10.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,554.20 1,315.99 1,934.66 2,709.32 1,898.75 2,434.66 2,863.69 4,398.43 3,643.94
1,485.20 1,213.67 1,666.66 2,500.91 1,806.37 2,277.42 2,682.30 4,026.68 3,553.33
Operating Profit 69.00 102.32 268.00 208.41 92.38 157.24 181.39 371.75 90.61
OPM % 4.44% 7.78% 13.85% 7.69% 4.87% 6.46% 6.33% 8.45% 2.49%
8.13 4.43 2.95 6.34 25.55 9.73 6.12 5.54 69.68
Interest 26.75 7.12 14.58 21.37 42.47 51.39 72.74 87.35 79.76
Depreciation 21.12 21.41 22.50 23.18 23.38 30.83 46.77 47.08 50.47
Profit before tax 29.26 78.22 233.87 170.20 52.08 84.75 68.00 242.86 30.06
Tax % 74.09% 23.93% 25.23% 24.91% 31.53% 26.08% 25.38% 25.55% 68.50%
Net Profit 7.58 59.50 174.86 127.81 35.66 62.65 50.74 180.82 9.47
EPS in Rs 13.17 1.03 3.04 2.22 0.62 0.77 0.62 2.22 0.12
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,620 3,791 4,358 4,193 5,165 7,859 13,341
3,241 3,367 3,916 3,733 4,616 7,175 12,540
Operating Profit 379 424 442 460 549 684 801
OPM % 10% 11% 10% 11% 11% 9% 6%
53 20 39 35 12 26 91
Interest 242 159 159 192 111 86 291
Depreciation 58 62 70 72 83 90 175
Profit before tax 131 224 251 230 367 534 426
Tax % 34% 33% 37% 16% 39% 26% 29%
Net Profit 87 151 159 194 223 398 304
EPS in Rs 151.03 261.69 276.39 337.21 388.32 6.91 3.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 47%
TTM: 70%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 16%
TTM: -25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 23%
Return on Equity
10 Years: %
5 Years: 13%
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
575 575 575 575 575 575 814
Reserves 670 820 907 1,029 1,253 1,650 2,691
2,511 1,861 3,054 2,218 1,251 2,954 4,648
828 875 1,091 1,188 1,344 2,749 2,504
Total Liabilities 4,584 4,132 5,628 5,011 4,424 7,929 10,658
932 1,008 1,024 1,214 1,226 1,261 2,872
CWIP 243 215 255 149 220 336 697
Investments 0 0 0 4 126 554 4
3,409 2,909 4,349 3,644 2,852 5,778 7,085
Total Assets 4,584 4,132 5,628 5,011 4,424 7,929 10,658

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%

Shareholding Pattern

Numbers in percentages

Jun 2022 Sep 2022 Dec 2022 Mar 2023
56.10 56.10 56.10 56.10
6.70 4.39 4.74 5.11
22.12 21.36 20.73 21.77
15.08 18.16 18.43 17.01

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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