Primo Chemicals Ltd

Primo Chemicals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Primo Chemicals Ltd

₹ 65.2 -0.12%
06 Jun 1:50 p.m.
punjabalkalies.com BSE: 506852
About

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]

Key Points

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]

Website BSE
  • Market Cap ₹ 1,580 Cr.
  • Current Price ₹ 65.2
  • High / Low ₹ 91.0 / 60.1
  • Stock P/E 11.8
  • Book Value ₹ 16.8
  • Dividend Yield 0.00 %
  • ROCE 43.9 %
  • ROE 39.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 88.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.6%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
65 36 56 58 76 75 87 131 161 186 186 188 148
64 38 51 56 93 60 127 74 107 121 133 141 119
Operating Profit 1 -1 5 2 -18 15 -40 57 54 65 53 46 29
OPM % 2% -4% 9% 3% -24% 20% -46% 43% 34% 35% 28% 25% 19%
10 4 4 7 40 3 2 5 5 5 9 5 7
Interest 1 1 1 1 2 2 2 3 2 2 1 2 3
Depreciation 5 5 4 4 4 4 4 4 5 4 4 7 8
Profit before tax 5 -3 3 4 16 12 -43 54 53 64 56 42 25
Tax % 134% 0% 0% 7% 72% 24% 14% 21% 21% 27% 27% 30% 30%
Net Profit -2 -3 3 4 5 9 -37 43 42 47 41 29 17
EPS in Rs -0.13 -0.25 0.25 0.26 0.29 0.40 -1.54 1.77 1.74 1.93 1.67 1.20 0.72
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
232 281 259 260 236 262 327 369 284 223 449 707
205 260 260 267 243 277 298 290 268 235 362 515
Operating Profit 27 20 -1 -7 -8 -15 29 78 16 -12 87 192
OPM % 12% 7% -1% -3% -3% -6% 9% 21% 6% -6% 19% 27%
3 4 3 2 5 3 -4 5 20 55 15 26
Interest 11 8 1 1 5 4 20 8 5 5 9 8
Depreciation 13 13 10 8 7 8 9 16 13 17 17 24
Profit before tax 7 4 -10 -13 -14 -24 -5 59 18 20 76 186
Tax % 33% 31% 0% 0% 0% 0% 0% 5% 52% 59% 25% 28%
Net Profit 4 3 -10 -13 -14 -24 -5 56 9 8 57 134
EPS in Rs 0.43 0.27 -0.93 -1.26 -1.39 -1.79 -0.36 4.12 0.65 0.53 2.34 5.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 17%
3 Years: 36%
TTM: 58%
Compounded Profit Growth
10 Years: 48%
5 Years: 88%
3 Years: 228%
TTM: 137%
Stock Price CAGR
10 Years: 32%
5 Years: 39%
3 Years: 113%
1 Year: -17%
Return on Equity
10 Years: 19%
5 Years: 35%
3 Years: 33%
Last Year: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
20 20 20 20 20 27 27 27 27 31 48 48
Reserves 84 83 67 51 33 12 9 38 43 66 225 358
78 50 51 51 44 28 27 28 29 1 61 145
43 56 57 58 95 123 147 133 129 148 141 174
Total Liabilities 225 209 196 180 193 190 211 226 228 246 476 726
152 142 130 122 114 111 106 89 168 156 155 278
CWIP 1 2 1 1 2 5 5 16 15 35 177 213
Investments 0 0 0 0 0 0 0 0 0 0 30 53
73 65 66 57 77 74 100 121 46 55 114 181
Total Assets 225 209 196 180 193 190 211 226 228 246 476 726

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 46 8 2 23 9 43 54 27 53 70 150
-2 -7 -7 -1 -3 -11 -3 -36 -82 -24 -191 -233
-21 -37 1 -2 -6 -0 -4 -3 -3 -34 137 81
Net Cash Flow 3 2 2 -1 13 -2 36 16 -58 -5 16 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 47 19 15 9 8 6 5 6 7 27 26 27
Inventory Days 78 93 84 62 92 69 68 51 59 52 84 18
Days Payable 143 147 177 200 246 220 160 186 233 231 216 70
Cash Conversion Cycle -18 -35 -78 -129 -146 -145 -86 -130 -167 -152 -106 -26
Working Capital Days 22 -7 -24 -88 -77 -112 -125 -91 -157 -160 -40 -20
ROCE % 9% 7% -6% -9% -9% -25% 40% 85% 14% 25% 39% 44%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
33.49 22.13 55.99 48.91 34.56 31.35 31.35 31.35 31.35 31.36 31.36 31.36
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
0.09 0.09 0.09 0.08 0.06 0.05 0.05 0.31 0.05 0.04 1.92 1.92
66.42 77.79 43.92 51.01 65.38 68.60 68.60 68.34 68.60 68.60 66.72 66.73

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Feb 2023
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  • Nov 2022
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  • Aug 2022
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  • Jul 2022
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