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 ₹ 924 Cr.
- Current Price ₹ 38.1
- High / Low ₹ 55.4 / 33.0
- Stock P/E
- Book Value ₹ 15.8
- Dividend Yield 0.00 %
- ROCE -2.47 %
- ROE -6.70 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 31.4%
- Earnings include an other income of Rs.20.8 Cr.
* 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
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
281 | 259 | 260 | 236 | 262 | 327 | 369 | 284 | 223 | 449 | 701 | 392 | 450 | |
260 | 260 | 267 | 243 | 277 | 298 | 290 | 268 | 235 | 362 | 508 | 385 | 420 | |
Operating Profit | 20 | -1 | -7 | -8 | -15 | 29 | 78 | 16 | -12 | 87 | 192 | 7 | 30 |
OPM % | 7% | -1% | -3% | -3% | -6% | 9% | 21% | 6% | -6% | 19% | 27% | 2% | 7% |
4 | 3 | 2 | 5 | 3 | -4 | 5 | 20 | 55 | 15 | 26 | 19 | 21 | |
Interest | 8 | 1 | 1 | 5 | 4 | 20 | 8 | 5 | 5 | 9 | 8 | 18 | 22 |
Depreciation | 13 | 10 | 8 | 7 | 8 | 9 | 16 | 13 | 17 | 17 | 24 | 40 | 47 |
Profit before tax | 4 | -10 | -13 | -14 | -24 | -5 | 59 | 18 | 20 | 76 | 186 | -31 | -19 |
Tax % | 31% | 0% | 0% | 0% | 0% | 0% | 5% | 52% | 59% | 25% | 28% | -18% | |
3 | -10 | -13 | -14 | -24 | -5 | 56 | 9 | 8 | 57 | 134 | -26 | -7 | |
EPS in Rs | 0.27 | -0.93 | -1.26 | -1.39 | -1.79 | -0.36 | 4.12 | 0.65 | 0.53 | 2.34 | 5.53 | -1.07 | -0.28 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 1% |
3 Years: | 21% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -124% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 41% |
3 Years: | -7% |
1 Year: | -25% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | -7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 20 | 20 | 27 | 27 | 27 | 27 | 31 | 48 | 48 | 48 | 48 |
Reserves | 83 | 67 | 51 | 33 | 12 | 9 | 38 | 43 | 66 | 225 | 358 | 332 | 334 |
50 | 51 | 51 | 44 | 28 | 27 | 28 | 29 | 1 | 61 | 145 | 178 | 171 | |
56 | 57 | 58 | 95 | 123 | 147 | 133 | 129 | 148 | 141 | 174 | 149 | 176 | |
Total Liabilities | 209 | 196 | 180 | 193 | 190 | 211 | 226 | 228 | 246 | 476 | 726 | 708 | 729 |
142 | 130 | 122 | 114 | 111 | 106 | 89 | 168 | 156 | 155 | 278 | 468 | 479 | |
CWIP | 2 | 1 | 1 | 2 | 5 | 5 | 16 | 15 | 35 | 177 | 213 | 49 | 36 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 53 | 53 | 53 |
65 | 66 | 57 | 77 | 74 | 100 | 121 | 46 | 55 | 114 | 181 | 138 | 161 | |
Total Assets | 209 | 196 | 180 | 193 | 190 | 211 | 226 | 228 | 246 | 476 | 726 | 708 | 729 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
46 | 8 | 2 | 23 | 9 | 43 | 54 | 27 | 53 | 70 | 150 | 14 | |
-7 | -7 | -1 | -3 | -11 | -3 | -36 | -82 | -24 | -191 | -233 | -56 | |
-37 | 1 | -2 | -6 | -0 | -4 | -3 | -3 | -34 | 137 | 81 | 21 | |
Net Cash Flow | 2 | 2 | -1 | 13 | -2 | 36 | 16 | -58 | -5 | 16 | -3 | -21 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19 | 15 | 9 | 8 | 6 | 5 | 6 | 7 | 27 | 26 | 27 | 33 |
Inventory Days | 93 | 84 | 62 | 92 | 69 | 68 | 51 | 59 | 52 | 84 | 47 | 106 |
Days Payable | 147 | 177 | 200 | 246 | 220 | 160 | 186 | 233 | 231 | 216 | 112 | 147 |
Cash Conversion Cycle | -35 | -78 | -129 | -146 | -145 | -86 | -130 | -167 | -152 | -106 | -38 | -8 |
Working Capital Days | -7 | -24 | -88 | -77 | -112 | -125 | -91 | -157 | -160 | -40 | -20 | -23 |
ROCE % | 7% | -6% | -9% | -9% | -25% | 40% | 85% | 14% | 25% | 39% | 44% | -2% |
Documents
Announcements
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Closure of Trading Window
22h - Closure of trading window until financial results declaration.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Nov
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 12" November, 2024- Disclosure Under Regulation 30 And 33 Of The SEBI (Listing
Obligations And Disclosure Requirements) Regulations, 2015.
12 Nov - Unaudited financial results for Q2 and H1 2024.
-
Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended 30" September 2024 And Outcome Of Board Meeting Held On 12" November, 2024- Disclosure Under Regulation 30 And 33 Of The SEBI (LODR) Regulations, 2015.
12 Nov - Unaudited financial results for Q2 FY2024 and NSE listing.
-
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
9 Nov - Intimation of loss and issue of duplicate share certificates.
Annual reports
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Financial Year 2024
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Financial Year 2023
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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 2012
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Financial Year 2011
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Financial Year 2010
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Product Portfolio
Primo Chemicals Limited (formerly Punjab Alkalies & Chemicals Ltd.) has key products like Caustic Soda Lye, Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, Hydrogen Gas, Stable Bleaching Powder. Its new products include Caustic Soda Flakes and Aluminium Chloride. [1]