PCBL Ltd
Phillips Carbon Black Limited, a part of RP-Sanjiv Goenka Group, was set up by Mr. K. P. Goenka in 1960 in collaboration with Phillips Petroleum Company, USA, with the core objective of substitution of the import of carbon black. PCBL is the largest carbon black manufacturer in India and a strong global player with a significant customer base in 40+ countries. [1]
The company also produces specialty carbon blacks which are used as pigmenting, UV stabilizing, and conductive agents in a variety of common and specialty products, including plastics, printing & packaging, and coatings.[2]
- Market Cap ₹ 4,692 Cr.
- Current Price ₹ 124
- High / Low ₹ 139 / 89.0
- Stock P/E 10.5
- Book Value ₹ 69.2
- Dividend Yield 4.02 %
- ROCE 18.2 %
- ROE 18.4 %
- Face Value ₹ 1.00
Pros
- Stock is providing a good dividend yield of 4.02%.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 41.6%
Cons
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,696 | 2,187 | 2,285 | 2,277 | 2,470 | 1,894 | 1,927 | 2,558 | 3,529 | 3,244 | 2,660 | 4,446 | 4,852 | |
1,474 | 1,980 | 2,212 | 2,252 | 2,319 | 1,729 | 1,662 | 2,175 | 2,912 | 2,778 | 2,143 | 3,793 | 4,167 | |
Operating Profit | 222 | 207 | 73 | 25 | 151 | 165 | 265 | 383 | 616 | 465 | 517 | 653 | 685 |
OPM % | 13% | 9% | 3% | 1% | 6% | 9% | 14% | 15% | 17% | 14% | 19% | 15% | 14% |
21 | 11 | 9 | 22 | 14 | 16 | 12 | 23 | 20 | 28 | 19 | 28 | 37 | |
Interest | 44 | 68 | 72 | 80 | 95 | 72 | 51 | 41 | 37 | 46 | 34 | 29 | 30 |
Depreciation | 39 | 49 | 52 | 55 | 58 | 62 | 61 | 61 | 66 | 92 | 110 | 121 | 129 |
Profit before tax | 160 | 101 | -42 | -88 | 12 | 47 | 165 | 304 | 533 | 355 | 392 | 532 | 562 |
Tax % | 30% | 16% | 47% | 1% | 14% | 66% | 58% | 24% | 28% | 19% | 20% | 20% | |
Net Profit | 113 | 86 | -22 | -87 | 11 | 16 | 69 | 229 | 384 | 287 | 314 | 426 | 448 |
EPS in Rs | 3.39 | 2.49 | -0.63 | -2.51 | 0.31 | 0.46 | 2.01 | 6.64 | 11.13 | 8.31 | 9.10 | 11.29 | 12.17 |
Dividend Payout % | 15% | 16% | -8% | 0% | 32% | 54% | 30% | 11% | 16% | 42% | 38% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 18% |
3 Years: | 8% |
TTM: | 47% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 44% |
3 Years: | 4% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 15% |
3 Years: | 26% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 19% |
3 Years: | 17% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
33 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 38 | |
Reserves | 476 | 573 | 551 | 467 | 473 | 1,010 | 1,096 | 1,343 | 1,615 | 1,665 | 1,901 | 2,576 |
501 | 711 | 874 | 1,087 | 1,220 | 1,022 | 758 | 717 | 793 | 617 | 724 | 786 | |
712 | 775 | 840 | 540 | 285 | 524 | 691 | 776 | 944 | 995 | 1,067 | 1,385 | |
Total Liabilities | 1,722 | 2,094 | 2,299 | 2,128 | 2,012 | 2,590 | 2,580 | 2,871 | 3,387 | 3,311 | 3,726 | 4,785 |
604 | 743 | 782 | 889 | 851 | 1,416 | 1,388 | 1,399 | 1,500 | 1,640 | 1,742 | 1,934 | |
CWIP | 181 | 102 | 165 | 74 | 80 | 80 | 80 | 67 | 175 | 306 | 267 | 175 |
Investments | 38 | 38 | 38 | 38 | 86 | 228 | 291 | 316 | 362 | 155 | 196 | 588 |
899 | 1,211 | 1,315 | 1,127 | 995 | 867 | 822 | 1,090 | 1,350 | 1,210 | 1,521 | 2,087 | |
Total Assets | 1,722 | 2,094 | 2,299 | 2,128 | 2,012 | 2,590 | 2,580 | 2,871 | 3,387 | 3,311 | 3,726 | 4,785 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
187 | -91 | 129 | -149 | 35 | 422 | 346 | 293 | 290 | 532 | 385 | 290 | |
-148 | -88 | -130 | -36 | -68 | -121 | -36 | -34 | -278 | -107 | -203 | -541 | |
-6 | 129 | 60 | 122 | 34 | -262 | -337 | -110 | -70 | -389 | -180 | 217 | |
Net Cash Flow | 33 | -50 | 59 | -63 | 1 | 39 | -27 | 148 | -58 | 36 | 3 | -34 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 78 | 91 | 83 | 83 | 77 | 84 | 88 | 74 | 68 | 66 | 97 | 91 |
Inventory Days | 75 | 79 | 98 | 85 | 56 | 66 | 72 | 68 | 73 | 54 | 101 | 70 |
Days Payable | 165 | 135 | 140 | 89 | 28 | 74 | 123 | 88 | 81 | 70 | 134 | 106 |
Cash Conversion Cycle | -11 | 36 | 40 | 79 | 105 | 77 | 37 | 54 | 60 | 51 | 64 | 55 |
Working Capital Days | 9 | 55 | 46 | 73 | 80 | 56 | 46 | 40 | 46 | 33 | 52 | 49 |
ROCE % | 22% | 15% | 2% | -0% | 6% | 6% | 11% | 17% | 25% | 16% | 17% | 18% |
Documents
Announcements
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Change Of Name Of Risk Management Committee Of PCBL Limited
5 Aug - At PCBL are committed to sustainable development and in line with our business growth over the years, our efforts towards sustainable development have also increased …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Aug - Certificate dated 2nd August, 2022 issued by our Registrar and Share Transfer Agent, M/S. Link Intime India Private Limited, confirming compliance under Regulation 74(5) of …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 Jul - The transcript of the Q1 FY 23 Earnings Conference Call held on Thursday, 21st July, 2022 for the quarter ended 30th June, 2022 has been …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Jul - Letter dated 21st July, 2022, please find enclosed herewith a copy of the newspaper publication of the Extract of Unaudited Standalone and Consolidated Financial Results …
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Audio Link Of PCBL Results Conference Call For Q1 FY 2023
22 Jul - The Audio Link of the Q1 FY 2023 Results Conference Call held on Thursday, 21st July, 2022 at 16:00 hrs India Time, for the quarter …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Jul 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Sep 2021TranscriptPPT
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Jul 2021TranscriptPPT
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May 2019TranscriptPPT
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Mar 2019TranscriptPPT
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Mar 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Dec 2018TranscriptPPT
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Jun 2018TranscriptPPT
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Apr 2018TranscriptPPT
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Apr 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Sep 2017TranscriptPPT
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Jun 2017TranscriptPPT
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Apr 2017TranscriptPPT
Product Portfolio
The company is in the business of manufacturing carbon black and specialty blacks for B2B. Carbon black is used in tyres, non-tyre rubber & non rubber products & the specialty carbon black is used in plastics, inks & toners, paints & coatings, batteries, etc. [1]
Presently, carbon black accounts for 95% of total sales volume & specialty carbon black accounts for the rest 5%. [2] [3]