Punjab Chemicals & Crop Protection Ltd

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

Punjab Chemicals & Crop Protection Ltd

₹ 1,152 2.47%
26 Apr - close price
punjabchemicals.com BSE: 506618 NSE : PUNJABCHEM
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

Website BSE NSE
  • Market Cap ₹ 1,425 Cr.
  • Current Price ₹ 1,152
  • High / Low ₹ 1,392 / 722
  • Stock P/E 26.3
  • Book Value ₹ 272
  • Dividend Yield 0.26 %
  • ROCE 29.4 %
  • ROE 22.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 48.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.5%

Cons

* 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: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
172 210 208 208 255 259 272 278 260 195 280 241 213
145 186 174 178 218 224 236 246 227 174 243 206 188
Operating Profit 27 24 35 31 37 35 36 32 33 21 37 35 25
OPM % 16% 11% 17% 15% 15% 13% 13% 11% 13% 11% 13% 15% 12%
0 0 1 0 0 0 0 2 1 1 0 1 1
Interest 3 2 2 3 3 4 3 4 4 6 4 7 5
Depreciation 4 4 4 4 4 4 5 5 5 5 5 6 5
Profit before tax 21 18 29 24 30 27 28 25 25 10 29 24 16
Tax % 26% 25% 26% 26% 26% 31% 26% 26% 27% 71% 26% 27% 26%
16 13 22 18 22 19 21 19 18 3 22 18 12
EPS in Rs 12.75 10.86 17.86 14.59 18.31 15.15 17.13 15.21 14.96 2.40 17.58 14.58 9.57
Raw PDF
Upcoming result date: 6 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
533 200 416 409 356 411 488 640 548 676 931 1,004 929
533 189 381 365 331 405 454 574 506 582 792 882 810
Operating Profit 0 11 36 44 26 5 34 66 41 94 139 122 119
OPM % 0% 6% 9% 11% 7% 1% 7% 10% 8% 14% 15% 12% 13%
-9 11 13 8 47 29 15 2 19 1 0 4 3
Interest 62 17 32 32 21 22 18 17 18 12 12 18 22
Depreciation 20 7 15 18 15 14 14 19 15 15 17 19 21
Profit before tax -90 -2 1 4 36 -1 17 32 27 68 110 89 80
Tax % -0% 0% 0% 0% 0% -53% 40% 37% 42% 26% 27% 31%
-90 -2 1 4 36 -2 10 20 16 51 81 61 54
EPS in Rs -73.29 -1.69 0.96 2.90 29.05 -1.71 8.48 16.51 12.87 41.22 65.91 49.70 44.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 9% 12% 5% 5% 6%
Compounded Sales Growth
10 Years: 17%
5 Years: 16%
3 Years: 22%
TTM: -13%
Compounded Profit Growth
10 Years: 23%
5 Years: 48%
3 Years: 57%
TTM: -29%
Stock Price CAGR
10 Years: 32%
5 Years: 10%
3 Years: 7%
1 Year: 44%
Return on Equity
10 Years: 25%
5 Years: 29%
3 Years: 31%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 8 5 7 7 42 60 70 89 102 152 229 286 321
333 309 323 282 170 143 117 91 99 88 93 94 102
125 113 128 119 135 142 169 192 200 219 239 242 241
Total Liabilities 478 439 470 420 359 357 368 384 413 470 574 634 676
235 244 234 221 175 169 177 180 168 189 212 222 240
CWIP 21 8 1 7 4 6 4 7 15 16 7 20 5
Investments 4 3 3 4 4 5 1 1 1 1 1 2 8
218 183 232 190 176 177 186 197 230 265 354 390 423
Total Assets 478 439 470 420 359 357 368 384 413 470 574 634 676

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
51 24 36 48 81 48 58 69 32 47 32 57
-15 -5 -2 -0 12 -8 -15 -21 -14 -14 -27 -36
-9 -50 -15 -65 -97 -40 -43 -4 -19 -23 -9 -20
Net Cash Flow 27 -30 19 -17 -5 0 1 45 0 10 -4 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 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 53 125 60 52 57 43 31 35 32 45 44 52
Inventory Days 62 156 104 87 82 83 83 75 97 91 99 97
Days Payable 85 203 112 92 101 122 131 103 100 102 84 79
Cash Conversion Cycle 31 79 52 48 38 4 -17 7 29 35 58 70
Working Capital Days -6 3 7 -30 -5 -7 -0 8 19 23 45 56
ROCE % -1% 11% 12% 8% 10% 15% 30% 22% 34% 42% 29%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22%
2.94% 3.04% 3.00% 2.99% 2.99% 3.05% 2.99% 2.99% 2.97% 2.99% 2.98% 3.00%
0.34% 0.52% 0.91% 1.07% 0.75% 0.80% 1.02% 0.98% 0.20% 0.15% 0.15% 0.42%
1.00% 1.00% 1.00% 1.00% 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
56.50% 56.23% 55.88% 55.73% 56.04% 56.94% 56.79% 56.82% 57.60% 57.65% 57.65% 57.36%
No. of Shareholders 15,32719,39919,38319,41919,96220,50421,23921,02921,94622,16821,18321,336

* 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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