Primo Chemicals Ltd

Primo Chemicals Ltd

₹ 28.1 2.41%
13 Jun - close price
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

  • Market Cap 679 Cr.
  • Current Price 28.1
  • High / Low 45.7 / 20.4
  • Stock P/E 54.0
  • Book Value 15.8
  • Dividend Yield 0.00 %
  • ROCE 8.43 %
  • ROE 3.26 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding is low: 31.4%
  • Company has a low return on equity of 11.0% over last 3 years.
  • Earnings include an other income of Rs.29.9 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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%
44.64 48.00 41.77 30.03 17.60 -4.29 -12.94 -15.19 7.09 -11.25 12.93 2.29 -0.41
EPS in Rs 1.84 1.98 1.72 1.24 0.73 -0.18 -0.53 -0.63 0.29 -0.46 0.53 0.09 -0.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
223 449 701 392 556
235 362 508 385 487
Operating Profit -12 87 192 7 68
OPM % -6% 19% 27% 2% 12%
55 15 26 19 30
Interest 5 9 8 18 23
Depreciation 17 17 24 40 51
Profit before tax 20 76 186 -31 24
Tax % 59% 25% 28% -18% 53%
8 59 137 -25 13
EPS in Rs 0.53 2.44 5.67 -1.05 0.52
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -40%
TTM: 149%
Stock Price CAGR
10 Years: 24%
5 Years: 34%
3 Years: -27%
1 Year: -32%
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 31 48 48 48 48
Reserves 66 228 364 339 335
1 61 145 178 169
148 141 174 149 181
Total Liabilities 246 478 731 714 733
156 155 278 468 497
CWIP 35 177 213 49 10
Investments 0 33 59 59 53
55 114 181 138 173
Total Assets 246 478 731 714 733

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
53 70 150 14 64
-24 -191 -233 -56 -43
-34 137 81 21 -22
Net Cash Flow -5 16 -3 -21 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 27 26 27 33 28
Inventory Days 52 84 47 106 35
Days Payable 231 216 112 147 65
Cash Conversion Cycle -152 -106 -38 -8 -3
Working Capital Days -160 -40 -20 -23 -9
ROCE % 39% 43% -2% 8%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Apr 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 28,44333,80033,42133,55640,94742,40345,39845,32452,60951,48150,40450,287

* 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.

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

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