Punjab Chemicals & Crop Protection Ltd

Punjab Chemicals & Crop Protection Ltd

₹ 1,111 -0.47%
22 May 11:04 a.m.
About

Started in 1975 as Punjab United Pesticides & Chemicals Limited (PUPCL) has now evolved as Punjab Chemicals and Crop Protection Limited (Punjab Chemicals), uniting all its divisions – Agro-technicals, Pharmaceuticals, Intermediates, Chemicals & International Trading, under one roof. The business of the Company is Performance Chemicals, which includes Agro Chemicals, Specialty Chemicals and other chemicals. The Company is also in contract manufacturing business producing products for Indian and multinational companies. [1][2]

Key Points

Business Segments FY23

  • Market Cap 1,362 Cr.
  • Current Price 1,111
  • High / Low 1,575 / 662
  • Stock P/E 31.8
  • Book Value 297
  • Dividend Yield 0.27 %
  • ROCE 15.1 %
  • ROE 12.0 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Dividend payout has been low at 7.35% of profits over last 3 years
  • Debtor days have increased from 76.4 to 95.6 days.

* 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

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
258.68 271.73 277.84 259.52 194.64 280.33 241.10 213.02 196.10 241.79 241.54 213.58 201.47
223.94 235.62 246.11 226.79 173.65 242.87 206.24 187.77 182.28 213.99 216.00 194.02 176.42
Operating Profit 34.74 36.11 31.73 32.73 20.99 37.46 34.86 25.25 13.82 27.80 25.54 19.56 25.05
OPM % 13.43% 13.29% 11.42% 12.61% 10.78% 13.36% 14.46% 11.85% 7.05% 11.50% 10.57% 9.16% 12.43%
0.14 0.15 2.11 1.06 0.65 0.26 1.55 1.09 0.78 0.29 1.54 0.33 -3.83
Interest 3.83 3.38 3.92 4.03 6.47 3.51 6.52 5.00 4.17 4.04 4.58 4.46 4.75
Depreciation 4.28 4.56 4.73 4.76 4.96 5.14 5.52 5.47 6.03 5.86 6.14 6.38 6.42
Profit before tax 26.77 28.32 25.19 25.00 10.21 29.07 24.37 15.87 4.40 18.19 16.36 9.05 10.05
Tax % 30.59% 25.81% 25.96% 26.64% 71.20% 25.83% 26.63% 26.02% 25.68% 25.78% 25.67% 26.52% 25.77%
18.58 21.01 18.65 18.34 2.94 21.56 17.88 11.74 3.27 13.50 12.16 6.65 7.46
EPS in Rs 15.15 17.13 15.21 14.96 2.40 17.58 14.58 9.57 2.67 11.01 9.92 5.42 6.08
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
416 409 356 411 488 640 548 676 931 1,004 931 898
381 365 331 405 454 574 506 582 792 882 818 799
Operating Profit 36 44 26 5 34 66 41 94 139 122 112 99
OPM % 9% 11% 7% 1% 7% 10% 8% 14% 15% 12% 12% 11%
13 8 47 29 15 2 19 1 0 4 3 -3
Interest 32 32 21 22 18 17 18 12 12 18 19 18
Depreciation 15 18 15 14 14 19 15 15 17 19 22 25
Profit before tax 1 4 36 -1 17 32 27 68 110 89 74 54
Tax % 0% 0% 0% 53% 40% 37% 42% 26% 27% 31% 26% 26%
1 4 36 -2 10 20 16 51 81 61 54 40
EPS in Rs 0.96 2.90 29.05 -1.71 8.48 16.51 12.87 41.22 65.91 49.70 44.40 32.43
Dividend Payout % 0% 0% 0% 0% 0% 9% 12% 5% 5% 6% 7% 9%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: -1%
TTM: -3%
Compounded Profit Growth
10 Years: 23%
5 Years: 22%
3 Years: -19%
TTM: -20%
Stock Price CAGR
10 Years: 15%
5 Years: 21%
3 Years: -4%
1 Year: 8%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 17%
Last Year: 12%

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 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 7 7 42 60 70 89 102 152 229 286 336 352
323 282 170 143 117 91 99 88 93 94 123 168
128 119 135 142 169 192 200 219 239 242 197 268
Total Liabilities 470 420 359 357 368 384 413 470 574 634 669 801
234 221 175 169 177 180 168 189 212 222 236 254
CWIP 1 7 4 6 4 7 15 16 7 20 12 13
Investments 3 4 4 5 1 1 1 1 1 2 8 4
232 190 176 177 186 197 230 265 354 390 413 529
Total Assets 470 420 359 357 368 384 413 470 574 634 669 801

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
36 48 81 48 58 69 32 47 32 57 29 23
-2 -0 12 -8 -15 -21 -14 -14 -27 -36 -36 -28
-15 -65 -97 -40 -43 -4 -19 -23 -9 -20 5 12
Net Cash Flow 19 -17 -5 0 1 45 0 10 -4 1 -1 7

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 60 52 57 43 31 35 32 45 44 52 81 96
Inventory Days 104 87 82 83 83 75 97 91 99 97 85 151
Days Payable 112 92 101 122 131 103 100 102 84 79 75 136
Cash Conversion Cycle 52 48 38 4 -17 7 29 35 58 70 91 110
Working Capital Days 7 -30 -5 -7 -0 8 19 23 45 56 84 104
ROCE % 11% 12% 8% 10% 15% 30% 22% 34% 42% 29% 21% 15%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22%
2.99% 3.05% 2.99% 2.99% 2.97% 2.99% 2.98% 3.00% 3.02% 2.97% 2.94% 3.06%
0.75% 0.80% 1.02% 0.98% 0.20% 0.15% 0.15% 0.42% 0.42% 0.39% 0.50% 0.55%
1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
56.04% 56.94% 56.79% 56.82% 57.60% 57.65% 57.65% 57.36% 57.34% 57.42% 57.33% 57.17%
No. of Shareholders 19,96220,50421,23921,02921,94622,16821,18321,33620,68521,30221,26721,044

* 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.

Documents

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