Pondy Oxides & Chemicals Ltd

₹ 355 -1.72%
27 Jan - close price
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 [1]
POCL is in the production of Lead and Lead Alloys and PVC additives.
It's customers are companies which are mainly battery manufacturers, chemical manufacturers and PVC extruded and molded products.
About half of the production is exported to countries like South Korea, Japan, Indonesia and to Middle -East.
It also has presence in the metals, metallic oxides, PVC stabilizers and lead acid batteries.

There are four different divisions in the company:
1) Metallic Oxides Division (zinc based)
2) PVC Stabilizers Division (lead based)
3) Smelter Division
4) Zinc Division (16% increase in prod.) [2]

  • Market Cap 412 Cr.
  • Current Price 355
  • High / Low 684 / 234
  • Stock P/E 8.59
  • Book Value 197
  • Dividend Yield 0.71 %
  • ROCE 23.4 %
  • ROE 26.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Dividend payout has been low at 10.0% of profits over last 3 years

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
332 372 266 149 264 293 298 244 400 414 397 364 300
326 359 254 145 259 285 292 229 375 390 383 346 283
Operating Profit 7 13 12 5 4 8 7 15 25 24 14 18 18
OPM % 2% 4% 5% 3% 2% 3% 2% 6% 6% 6% 4% 5% 6%
1 0 2 1 0 0 2 0 0 1 3 1 1
Interest 2 3 3 0 1 1 2 2 2 3 2 2 1
Depreciation 1 1 4 2 2 2 2 2 2 2 3 2 2
Profit before tax 5 9 7 3 1 4 5 12 20 20 13 15 16
Tax % 23% 12% 40% 27% 18% 27% 16% 26% 26% 29% 16% 25% 24%
Net Profit 4 8 4 2 1 3 4 9 15 14 11 12 12
EPS in Rs 3.38 7.15 3.73 1.78 0.92 2.74 3.85 7.39 12.96 12.18 9.08 10.00 10.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
255 302 342 448 373 466 759 940 1,049 1,220 1,004 1,455 1,475
239 291 332 434 355 439 705 882 984 1,183 980 1,377 1,402
Operating Profit 16 11 10 13 18 27 54 58 65 36 24 77 73
OPM % 6% 4% 3% 3% 5% 6% 7% 6% 6% 3% 2% 5% 5%
1 2 4 1 1 1 4 2 4 3 3 5 7
Interest 6 6 8 8 7 8 10 12 12 11 5 9 7
Depreciation 2 3 2 2 2 4 4 4 5 8 8 9 10
Profit before tax 8 4 4 4 10 16 44 44 52 21 14 64 64
Tax % 33% 33% 32% 34% 31% 37% 36% 34% 35% 23% 22% 25%
Net Profit 6 3 3 3 7 10 28 29 34 16 11 48 48
EPS in Rs 2.73 1.29 1.24 1.26 5.99 9.04 25.27 26.05 30.12 14.09 9.29 41.59 41.36
Dividend Payout % 26% 39% 40% 40% 17% 11% 6% 6% 7% 11% 13% 6%
Compounded Sales Growth
10 Years: 17%
5 Years: 14%
3 Years: 12%
TTM: 19%
Compounded Profit Growth
10 Years: 34%
5 Years: 13%
3 Years: 13%
TTM: 54%
Stock Price CAGR
10 Years: 39%
5 Years: 2%
3 Years: 45%
1 Year: 18%
Return on Equity
10 Years: 21%
5 Years: 20%
3 Years: 16%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 11 11 11 6 6 6 6 6 6 6 6 12
Reserves 19 24 26 27 26 35 66 93 125 145 156 202 217
54 50 76 75 57 83 110 146 142 56 146 107 27
14 16 23 23 22 30 11 7 9 12 12 15 13
Total Liabilities 97 102 135 137 112 152 193 251 281 219 319 330 269
21 21 23 22 15 26 27 32 34 61 54 60 62
CWIP 2 2 1 3 11 1 3 2 1 2 6 3 2
Investments 3 1 1 1 0 0 0 0 0 0 0 0 0
71 78 110 111 85 126 163 217 246 157 260 266 204
Total Assets 97 102 135 137 112 152 193 251 281 219 319 330 269

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3 11 -17 8 45 -10 -7 -19 23 135 -91 63
-7 1 -2 -2 -8 -3 -9 -3 -8 -35 -3 -14
6 -7 20 -13 -36 9 16 23 -16 -95 88 -48
Net Cash Flow 2 5 1 -6 1 -4 0 0 -0 5 -6 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 44 29 55 39 29 30 30 35 31 17 40 22
Inventory Days 40 46 35 36 33 52 38 42 43 23 48 41
Days Payable 7 11 18 14 16 15 2 1 2 2 3 2
Cash Conversion Cycle 76 63 73 62 46 67 66 76 72 38 85 61
Working Capital Days 74 62 81 67 56 70 68 78 79 38 89 62
ROCE % 19% 11% 11% 11% 17% 22% 34% 26% 25% 13% 8% 23%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
46.86 48.74 48.74 48.74 48.74 48.74 48.74 48.74 48.74 48.89 48.86 48.86
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.03 0.12
53.14 51.26 51.26 51.26 51.26 51.26 51.26 51.26 51.26 51.11 50.13 51.03

* 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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