Pondy Oxides & Chemicals Ltd

Pondy Oxides & Chemicals Ltd

₹ 619 -2.60%
28 Mar 4:01 p.m.
About

POCL's principal activities are converting Lead Scraps of various forms into Lead Metal and Alloys. The company carries out smelting of Lead Battery Scrap to produce secondary lead metal which is further transformed into Pure lead and Specific Lead Alloys. Further company also manufactures Zinc metal and Zinc Oxide.

Key Points

Business Overview
POCL is in the production of Lead and Lead Alloys and PVC additives.
Its customers are companies that are mainly battery manufacturers, chemical manufacturers, and PVC extruded and molded products.
It also has a presence in metals, metallic oxides, PVC stabilizers, and lead acid batteries. [1]

There are four different divisions in the co:
1) Metallic Oxides Division (zinc based)
2) PVC Stabilizers Division (lead-based)
3) Smelter Division
4) Zinc Division [2]

  • Market Cap 719 Cr.
  • Current Price 619
  • High / Low 906 / 271
  • Stock P/E 17.3
  • Book Value 226
  • Dividend Yield 0.81 %
  • ROCE 20.9 %
  • ROE 21.4 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 9.39% over past five years.
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
293 298 244 400 414 397 364 300 373 435 321 393 454
285 292 229 375 390 383 346 283 353 411 307 376 429
Operating Profit 8 7 15 25 24 14 18 18 19 24 13 16 25
OPM % 3% 2% 6% 6% 6% 4% 5% 6% 5% 6% 4% 4% 6%
0 2 0 0 1 3 1 1 0 1 1 1 -1
Interest 1 2 2 2 3 2 2 1 1 3 4 4 5
Depreciation 2 2 2 2 2 3 2 2 3 3 2 2 2
Profit before tax 4 5 12 20 20 13 15 16 16 19 9 11 17
Tax % 27% 16% 26% 26% 29% 16% 25% 24% 26% 25% 25% 26% 26%
3 4 9 15 14 11 12 12 12 14 7 8 13
EPS in Rs 2.74 3.85 7.39 12.96 12.18 9.08 10.00 10.10 10.00 12.24 5.61 7.03 10.77
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
302 342 448 373 466 759 940 1,049 1,220 1,004 1,455 1,472 1,603
291 332 434 355 439 705 882 984 1,183 980 1,377 1,391 1,524
Operating Profit 11 10 13 18 27 54 58 65 36 24 77 80 79
OPM % 4% 3% 3% 5% 6% 7% 6% 6% 3% 2% 5% 5% 5%
2 4 1 1 1 4 2 4 3 3 5 4 3
Interest 6 8 8 7 8 10 12 12 11 5 9 8 16
Depreciation 3 2 2 2 4 4 4 5 8 8 9 10 9
Profit before tax 4 4 4 10 16 44 44 52 21 14 64 66 56
Tax % 33% 32% 34% 31% 37% 36% 34% 35% 23% 22% 25% 25%
3 3 3 7 10 28 29 34 16 11 48 49 41
EPS in Rs 1.29 1.24 1.26 5.99 9.04 25.27 26.05 30.12 14.09 9.29 41.59 42.32 35.65
Dividend Payout % 39% 40% 40% 17% 11% 6% 6% 7% 11% 13% 6% 12%
Compounded Sales Growth
10 Years: 16%
5 Years: 9%
3 Years: 6%
TTM: 12%
Compounded Profit Growth
10 Years: 37%
5 Years: 11%
3 Years: 44%
TTM: -9%
Stock Price CAGR
10 Years: 48%
5 Years: 29%
3 Years: 83%
1 Year: 132%
Return on Equity
10 Years: 22%
5 Years: 19%
3 Years: 19%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 6 6 6 6 6 6 6 6 12 12
Reserves 24 26 27 26 35 66 93 125 145 156 202 243 251
50 76 75 57 83 110 146 142 56 146 107 142 192
16 23 23 22 30 11 7 9 12 12 15 38 13
Total Liabilities 102 135 137 112 152 193 251 281 219 319 330 434 468
21 23 22 15 26 27 32 34 61 54 60 96 104
CWIP 2 1 3 11 1 3 2 1 2 6 3 7 9
Investments 1 1 1 0 0 0 0 0 0 0 0 40 40
78 110 111 85 126 163 217 246 157 260 266 291 315
Total Assets 102 135 137 112 152 193 251 281 219 319 330 434 468

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 -17 8 45 -10 -7 -19 23 135 -91 63 65
1 -2 -2 -8 -3 -9 -3 -8 -35 -3 -14 -90
-7 20 -13 -36 9 16 23 -16 -95 88 -48 25
Net Cash Flow 5 1 -6 1 -4 0 0 -0 5 -6 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 29 55 39 29 30 30 35 31 17 40 22 25
Inventory Days 46 35 36 33 52 38 42 43 23 48 41 42
Days Payable 11 18 14 16 15 2 1 2 2 3 2 2
Cash Conversion Cycle 63 73 62 46 67 66 76 72 38 85 61 65
Working Capital Days 62 81 67 56 70 68 78 79 38 89 62 61
ROCE % 11% 11% 11% 17% 22% 34% 26% 25% 13% 8% 23% 21%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
48.74% 48.74% 48.74% 48.74% 48.89% 48.86% 48.86% 48.88% 48.88% 48.88% 48.89% 45.06%
0.00% 0.00% 0.00% 0.00% 0.00% 1.03% 0.12% 0.00% 0.13% 0.01% 0.18% 0.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.16%
51.26% 51.26% 51.26% 51.26% 51.11% 50.13% 51.03% 51.12% 50.98% 51.11% 50.93% 54.74%
No. of Shareholders 12,30314,57614,24313,05914,09321,37022,83722,07221,56022,57922,10924,323

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls