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 ₹ 4,768 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
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
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 | |
---|---|---|---|---|---|---|---|
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% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Circulars issued from time to time, please find enclosed herewith Annual Secretarial Compliance Report for the year ended March 31, 2023.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 May - Transcript of the conference call held with analysts and investors has been uploaded on the Company's website at paradeep-phosphates-q4-fy23-transcript-24052023.pdf (paradeepphosphates.com) pursuant to Regulation 30 of …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 May - Audio recording of the conference call held with analysts and investors, on May 19, 2023, has been uploaded on the Company's website at https://www.paradeepphosphates.com/uploads/content/ici0420230519147180-call-recording-q4-and-full-year-fy-22-23-19052023.mp3
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Announcement under Regulation 30 (LODR)-Investor Presentation
19 May - Copy of the presentation, on the financial results of the Company for the quarter and year ended March 31, 2023, which shall be shared with …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 May - Copies of the extract of statement of Audited Financial Results for the quarter and year ended March 31, 2023, published in Business Line (All Editions) …
Annual reports
Concalls
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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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.