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]

Website BSE

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

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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
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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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Pondy Oxides & Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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Annual reports

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