Punjab Chemicals & Crop Protection Ltd

Punjab Chemicals & Crop Protection Ltd

₹ 1,112 3.33%
30 Apr - close price
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 1,364 Cr.
  • Current Price 1,112
  • High / Low 1,575 / 662
  • Stock P/E 32.5
  • Book Value 297
  • Dividend Yield 0.27 %
  • ROCE 15.3 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Debtor days have increased from 74.8 to 95.4 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

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
258.68 272.12 278.60 260.45 195.04 281.36 242.18 214.16 196.53 242.22 242.13 213.89 202.28
224.48 236.70 247.53 225.52 173.89 243.54 206.78 188.13 183.30 214.70 216.53 194.63 176.77
Operating Profit 34.20 35.42 31.07 34.93 21.15 37.82 35.40 26.03 13.23 27.52 25.60 19.26 25.51
OPM % 13.22% 13.02% 11.15% 13.41% 10.84% 13.44% 14.62% 12.15% 6.73% 11.36% 10.57% 9.00% 12.61%
0.35 0.15 1.70 0.58 0.92 0.26 1.55 1.30 0.50 0.51 1.69 0.18 -3.83
Interest 4.18 3.44 3.92 4.03 6.64 3.57 6.58 6.53 4.16 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 6.51 6.53
Profit before tax 26.09 27.57 24.12 26.72 10.47 29.37 24.85 15.33 3.54 18.13 16.57 8.47 10.40
Tax % 25.83% 26.51% 27.11% 24.93% 69.44% 25.57% 27.08% 26.94% 31.92% 25.87% 25.35% 28.34% 32.21%
19.35 20.26 17.58 20.06 3.20 21.86 18.12 11.20 2.41 13.44 12.37 6.07 7.05
EPS in Rs 15.78 16.52 14.34 16.36 2.61 17.83 14.78 9.13 1.97 10.96 10.09 4.95 5.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
514 564 537 525 493 643 550 678 933 1,006 934 901
473 517 497 509 450 576 507 583 793 883 821 801
Operating Profit 41 47 41 16 44 67 42 96 140 123 113 99
OPM % 8% 8% 8% 3% 9% 10% 8% 14% 15% 12% 12% 11%
15 21 40 12 12 -2 13 2 1 3 3 -3
Interest 35 35 50 31 18 17 18 13 12 18 21 18
Depreciation 16 19 17 16 14 19 15 15 17 19 22 25
Profit before tax 4 14 14 -19 24 29 22 69 112 89 73 54
Tax % 0% 4% 4% 4% 29% 42% 51% 29% 25% 31% 27% 27%
1 14 13 -20 17 17 11 49 83 61 54 39
EPS in Rs 0.78 11.58 10.83 -16.25 14.01 13.70 8.77 40.03 68.06 49.83 43.70 31.75
Dividend Payout % 0% 0% 0% 0% 11% 11% 17% 5% 4% 6% 7% 9%
Compounded Sales Growth
10 Years: 5%
5 Years: 10%
3 Years: -1%
TTM: -4%
Compounded Profit Growth
10 Years: 21%
5 Years: 42%
3 Years: -21%
TTM: -21%
Stock Price CAGR
10 Years: 18%
5 Years: 19%
3 Years: -8%
1 Year: -7%
Return on Equity
10 Years: 20%
5 Years: 24%
3 Years: 17%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 -46 -47 49 46 62 79 85 132 213 268 318 352
365 321 191 151 117 91 99 88 93 94 123 168
164 196 205 229 165 189 197 219 238 241 187 268
Total Liabilities 496 482 457 439 356 371 394 451 557 616 640 801
242 232 235 224 177 180 168 189 212 222 236 254
CWIP 3 7 4 6 4 7 15 16 7 20 12 13
Investments 4 0 0 1 1 1 1 1 1 2 8 4
247 243 219 207 174 184 210 245 337 372 384 529
Total Assets 496 482 457 439 356 371 394 451 557 616 640 801

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
38 57 105 62 61 68 34 43 34 58 30
-1 -0 28 -5 -18 -20 -15 -9 -27 -38 -36
-20 -72 -141 -61 -43 -4 -19 -24 -11 -20 4
Net Cash Flow 17 -14 -8 -4 1 45 1 10 -3 0 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 51 48 52 44 31 36 32 45 44 52 77 95
Inventory Days 108 95 78 85 83 75 97 91 99 97 85 151
Days Payable 94 78 76 148 133 103 100 102 85 80 75 136
Cash Conversion Cycle 64 64 54 -19 -19 7 28 34 58 69 86 110
Working Capital Days 10 -24 -3 -48 -6 2 8 13 38 49 76 104
ROCE % 13% 13% 14% 5% 20% 29% 17% 38% 45% 31% 22% 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

Concalls