Primo Chemicals Ltd

₹ 28.1 2.41%

13 Jun - close price

punjabalkalies.com BSE: 506852 NSE: PRIMO

About

Incorporated in 1975, Primo Chemicals
Ltd (formerly Punjab Alkalies & Chemicals
Ltd) is in the business of manufacturing &
selling of chemicals^[1]

Key Points

Products & Applications:^[1]
a) Caustic Soda Lye and Caustic Soda Flake:
Paper & Paper Pulp, Soap & Detergents, Textile, Dye Stuff industry, Aluminium industry, Fertilizers & Refineries, Viscose & Rayon etc., Water
demineralization
b) Hydrochloric Acid:
Water demineralization
in Power & Fertilizer Plants,
Metal pickling, preparation
of various metal chloride
etc.
c) Liquid Chlorine:
Water treatment plants,
Paper manufacturing,
Stable bleaching powder,
CPW & PVC, Chloromethanes
and other, Chlorogenic
chemicals
d) Sodium Hypochlorite:
Textile bleaching, Laundry
trade, Dis-infection of drinking
water etc
e) Hydrogen Gas:
Hydrogenation of vegetable
oils and other unsaturated fats,
Optical fibre units, As a coolant
in power plants, As a fuel
f) Stable Bleaching Powder:
Oxidizing Agent, Disinfecting
Agent, Textile Industry, Aqua
culture, Water treatment process,
Household bleaching and cleaning
g) Aluminium Chloride:
Water treatment, Separation of slurry,
Sizing in paper industry, Decolourisation
& Decontamination of Dyes in textile
industry, Sewage water treatment

Website BSE NSE

Market Cap ₹ 681 Cr.
Current Price ₹ 28.1
High / Low ₹ 45.7 / 20.4
Stock P/E 290
Book Value ₹ 15.8
Dividend Yield 0.00 %
ROCE 6.86 %
ROE 0.62 %
Face Value ₹ 2.00

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Pros

Company is expected to give good quarter

Cons

Company has low interest coverage ratio.
Promoter holding is low: 31.4%
Company has a low return on equity of 9.85% 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

Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals

Part of BSE SmallCap BSE Allcap BSE Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	161.07	186.26	185.67	187.64	147.80	109.88	93.20	91.43	102.48	121.93	134.36	143.85	155.42
	106.60	121.31	133.15	141.35	119.21	102.83	97.55	88.64	101.05	106.82	123.76	125.20	131.44
Operating Profit	54.47	64.95	52.52	46.29	28.59	7.05	-4.35	2.79	1.43	15.11	10.60	18.65	23.98
OPM %	33.82%	34.87%	28.29%	24.67%	19.34%	6.42%	-4.67%	3.05%	1.40%	12.39%	7.89%	12.96%	15.43%
	4.87	5.14	8.91	4.75	7.36	5.46	4.84	3.70	5.42	5.87	5.86	4.74	4.41
Interest	1.63	1.58	1.21	2.08	3.21	3.03	4.38	5.01	5.78	5.60	5.67	5.95	5.78
Depreciation	4.52	4.47	4.45	7.38	7.65	8.71	9.01	10.28	11.57	12.34	13.22	13.02	12.52
Profit before tax	53.19	64.04	55.77	41.58	25.09	0.77	-12.90	-8.80	-10.50	3.04	-2.43	4.42	10.09
Tax %	20.76%	26.86%	27.36%	29.89%	30.37%	584.42%	5.19%	74.32%	-164.57%	485.20%	-645.68%	56.56%	111.10%
	42.15	46.85	40.52	29.15	17.47	-3.72	-13.57	-15.35	6.78	-11.71	13.26	1.92	-1.12
EPS in Rs	1.74	1.93	1.67	1.20	0.72	-0.15	-0.56	-0.63	0.28	-0.48	0.55	0.08	-0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	259	260	236	262	327	369	284	223	449	701	392	556
	260	267	243	277	298	290	268	235	362	508	385	487
Operating Profit	-1	-7	-8	-15	29	78	16	-12	87	192	7	68
OPM %	-1%	-3%	-3%	-6%	9%	21%	6%	-6%	19%	27%	2%	12%
	3	2	5	3	-4	5	20	55	15	26	19	21
Interest	1	1	5	4	20	8	5	5	9	8	18	23
Depreciation	10	8	7	8	9	16	13	17	17	24	40	51
Profit before tax	-10	-13	-14	-24	-5	59	18	20	76	186	-31	15
Tax %	0%	0%	0%	0%	0%	5%	52%	59%	25%	28%	-18%	85%
	-10	-13	-14	-24	-5	56	9	8	57	134	-26	2
EPS in Rs	-0.93	-1.26	-1.39	-1.79	-0.36	4.12	0.65	0.53	2.34	5.53	-1.07	0.10
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	8%
5 Years:	14%
3 Years:	7%
TTM:	42%

Compounded Profit Growth
10 Years:	8%
5 Years:	-9%
3 Years:	-65%
TTM:	109%

Stock Price CAGR
10 Years:	24%
5 Years:	34%
3 Years:	-27%
1 Year:	-30%

Return on Equity
10 Years:	12%
5 Years:	13%
3 Years:	10%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	20	20	20	27	27	27	27	31	48	48	48	48
Reserves	67	51	33	12	9	38	43	66	225	358	332	335
	51	51	44	28	27	28	29	1	61	145	178	169
	57	58	95	123	147	133	129	148	141	174	149	181
Total Liabilities	196	180	193	190	211	226	228	246	476	726	708	733
	130	122	114	111	106	89	168	156	155	278	468	497
CWIP	1	1	2	5	5	16	15	35	177	213	49	10
Investments	0	0	0	0	0	0	0	0	30	53	53	53
	66	57	77	74	100	121	46	55	114	181	138	173
Total Assets	196	180	193	190	211	226	228	246	476	726	708	733

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	8	2	23	9	43	54	27	53	70	150	14	64
	-7	-1	-3	-11	-3	-36	-82	-24	-191	-233	-56	-43
	1	-2	-6	-0	-4	-3	-3	-34	137	81	21	-22
Net Cash Flow	2	-1	13	-2	36	16	-58	-5	16	-3	-21	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	15	9	8	6	5	6	7	27	26	27	33	28
Inventory Days	84	62	92	69	68	51	59	52	84	47	106	35
Days Payable	177	200	246	220	160	186	233	231	216	112	147	65
Cash Conversion Cycle	-78	-129	-146	-145	-86	-130	-167	-152	-106	-38	-8	-3
Working Capital Days	-24	-88	-77	-112	-125	-91	-157	-160	-40	-20	-23	-9
ROCE %	-6%	-9%	-9%	-25%	40%	85%	14%	25%	39%	44%	-2%	7%

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Apr 2025
	31.36%	31.36%	31.36%	31.36%	31.36%	31.36%	31.35%	31.35%	31.35%	31.35%	31.35%	31.35%
	0.01%	0.01%	0.01%	0.01%	2.11%	1.78%	0.73%	0.23%	0.11%	0.12%	0.11%	0.11%
	0.04%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%
	68.60%	66.72%	66.73%	66.72%	64.62%	64.96%	65.99%	66.50%	66.61%	66.61%	66.61%	66.61%
No. of Shareholders	28,443	33,800	33,421	33,556	40,947	42,403	45,398	45,324	52,609	51,481	50,404	50,287

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Apr 2025
	33.49%	33.49%	33.49%	33.49%	48.91%	31.35%	31.36%	31.35%	31.35%	31.35%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.73%	0.11%	0.11%
	24.43%	2.33%	0.09%	0.09%	0.08%	0.31%	1.92%	1.92%	1.92%	1.92%
	42.08%	64.18%	66.42%	66.42%	51.01%	68.34%	66.73%	65.99%	66.61%	66.61%
No. of Shareholders	23,361	22,461	21,028	20,552	20,448	24,650	33,421	45,398	50,404	50,287

* 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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