Primo Chemicals Ltd
The Company was incorporated on 1st December 1975 and the name was changed to Punjab Alkalies & Chemicals Limited on 19th April 1983. The company’s main product is Caustic Soda Lye and it is the largest producer of Caustic Soda in the North India region. The by-products of the company are Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen gas.[1]
- Market Cap ₹ 1,684 Cr.
- Current Price ₹ 69.5
- High / Low ₹ 101 / 62.2
- Stock P/E 9.77
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE 39.0 %
- ROE 30.6 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.3%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.4% over past five years.
- Promoter holding is low: 31.4%
* 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: Chlor Alkali / Soda Ash
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
171 | 232 | 281 | 259 | 260 | 236 | 262 | 327 | 369 | 284 | 223 | 449 | 664 | |
175 | 205 | 260 | 260 | 267 | 243 | 277 | 298 | 290 | 268 | 235 | 362 | 435 | |
Operating Profit | -5 | 27 | 20 | -1 | -7 | -8 | -15 | 29 | 78 | 16 | -12 | 87 | 228 |
OPM % | -3% | 12% | 7% | -1% | -3% | -3% | -6% | 9% | 21% | 6% | -6% | 19% | 34% |
2 | 3 | 4 | 3 | 2 | 5 | 3 | -4 | 5 | 20 | 55 | 15 | 24 | |
Interest | 10 | 11 | 8 | 1 | 1 | 5 | 4 | 20 | 8 | 5 | 5 | 9 | 7 |
Depreciation | 12 | 13 | 13 | 10 | 8 | 7 | 8 | 9 | 16 | 13 | 17 | 17 | 18 |
Profit before tax | -24 | 7 | 4 | -10 | -13 | -14 | -24 | -5 | 59 | 18 | 20 | 76 | 227 |
Tax % | 0% | 33% | 31% | 0% | 0% | 0% | 0% | 0% | 5% | 52% | 59% | 25% | |
Net Profit | -24 | 4 | 3 | -10 | -13 | -14 | -24 | -5 | 56 | 9 | 8 | 57 | 172 |
EPS in Rs | -2.36 | 0.43 | 0.27 | -0.93 | -1.26 | -1.39 | -1.79 | -0.36 | 4.12 | 0.65 | 0.53 | 2.34 | 7.11 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 11% |
3 Years: | 7% |
TTM: | 124% |
Compounded Profit Growth | |
---|---|
10 Years: | 29% |
5 Years: | 34% |
3 Years: | 1% |
TTM: | 953% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 72% |
3 Years: | 108% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 31% |
3 Years: | 20% |
Last Year: | 31% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 20 | 20 | 20 | 20 | 20 | 27 | 27 | 27 | 27 | 31 | 48 | 48 | |
Reserves | 84 | 84 | 83 | 67 | 51 | 33 | 12 | 9 | 38 | 43 | 66 | 225 | 312 |
89 | 78 | 50 | 51 | 51 | 44 | 28 | 27 | 28 | 29 | 1 | 61 | 67 | |
42 | 43 | 56 | 57 | 58 | 95 | 123 | 147 | 133 | 129 | 148 | 141 | 167 | |
Total Liabilities | 235 | 225 | 209 | 196 | 180 | 193 | 190 | 211 | 226 | 228 | 246 | 476 | 594 |
165 | 152 | 142 | 130 | 122 | 114 | 111 | 106 | 89 | 168 | 156 | 155 | 152 | |
CWIP | 1 | 1 | 2 | 1 | 1 | 2 | 5 | 5 | 16 | 15 | 35 | 177 | 247 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 53 |
69 | 73 | 65 | 66 | 57 | 77 | 74 | 100 | 121 | 46 | 55 | 114 | 143 | |
Total Assets | 235 | 225 | 209 | 196 | 180 | 193 | 190 | 211 | 226 | 228 | 246 | 476 | 594 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | 26 | 46 | 8 | 2 | 23 | 9 | 43 | 54 | 27 | 53 | 70 | |
-4 | -2 | -7 | -7 | -1 | -3 | -11 | -3 | -36 | -82 | -24 | -191 | |
-2 | -21 | -37 | 1 | -2 | -6 | -0 | -4 | -3 | -3 | -34 | 137 | |
Net Cash Flow | -1 | 3 | 2 | 2 | -1 | 13 | -2 | 36 | 16 | -58 | -5 | 16 |
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 | 53 | 47 | 19 | 15 | 9 | 8 | 6 | 5 | 6 | 7 | 27 | 26 |
Inventory Days | 91 | 78 | 93 | 84 | 62 | 92 | 69 | 68 | 51 | 59 | 52 | 84 |
Days Payable | 194 | 143 | 147 | 177 | 200 | 246 | 220 | 160 | 186 | 233 | 231 | 216 |
Cash Conversion Cycle | -51 | -18 | -35 | -78 | -129 | -146 | -145 | -86 | -130 | -167 | -152 | -106 |
Working Capital Days | 8 | 22 | -7 | -24 | -88 | -77 | -112 | -125 | -91 | -157 | -160 | -40 |
ROCE % | -7% | 9% | 7% | -6% | -9% | -9% | -25% | 40% | 85% | 14% | 25% | 39% |
Documents
Announcements
- Name Change Intimation To The Shareholders. 18 Jan
- Announcement Under Regulation 30 Under SEBI (LODR) - Commissioning Of Stable Bleaching Powder (SBP) Plant At Naya Nangal, Punjab. 13 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan
- Closure of Trading Window 29 Dec
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Product Portfolio
The Company's key products include Caustic Soda Lye, Liquid Chlorine, Hydrochloric Acid, Hydrogen Gas, Sodium Hypochlorite. [1] Its new products include Caustic flakes, Stable bleaching powder (SBP), Aluminum chloride and Hydrogen Peroxide. [1]