Primo Chemicals Ltd

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

Primo Chemicals Ltd

₹ 24.9 0.73%
05 Mar - close price
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
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]

Website BSE
  • Market Cap ₹ 603 Cr.
  • Current Price ₹ 24.9
  • High / Low ₹ 49.0 / 23.0
  • Stock P/E 54.5
  • Book Value ₹ 16.0
  • Dividend Yield 0.00 %
  • ROCE -2.45 %
  • ROE -6.47 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 31.4%
  • Earnings include an other income of Rs.21.9 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 Commodities BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
130.70 161.07 186.26 185.67 187.64 147.80 109.88 93.20 91.43 102.48 121.93 134.36 143.85
74.17 106.60 121.31 133.15 141.35 119.21 102.83 97.55 88.64 101.05 106.82 123.76 125.20
Operating Profit 56.53 54.47 64.95 52.52 46.29 28.59 7.05 -4.35 2.79 1.43 15.11 10.60 18.65
OPM % 43.25% 33.82% 34.87% 28.29% 24.67% 19.34% 6.42% -4.67% 3.05% 1.40% 12.39% 7.89% 12.96%
5.11 4.87 5.14 8.91 4.75 7.36 5.46 4.84 3.70 5.42 5.87 5.86 4.74
Interest 2.98 1.63 1.58 1.21 2.08 3.21 3.03 4.38 5.01 5.78 5.60 5.67 5.95
Depreciation 4.47 4.52 4.47 4.45 7.38 7.65 8.71 9.01 10.28 11.57 12.34 13.22 13.02
Profit before tax 54.19 53.19 64.04 55.77 41.58 25.09 0.77 -12.90 -8.80 -10.50 3.04 -2.43 4.42
Tax % 20.72% 20.76% 26.86% 27.36% 29.89% 30.37% 584.42% 5.19% 74.32% -164.57% 485.20% -645.68% 56.56%
42.95 44.64 48.00 41.77 30.03 17.60 -4.29 -12.94 -15.19 7.09 -11.25 12.93 2.29
EPS in Rs 1.77 1.84 1.98 1.72 1.24 0.73 -0.18 -0.53 -0.63 0.29 -0.46 0.53 0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
223 449 701 392 503
235 362 508 385 457
Operating Profit -12 87 192 7 46
OPM % -6% 19% 27% 2% 9%
55 15 26 19 22
Interest 5 9 8 18 23
Depreciation 17 17 24 40 50
Profit before tax 20 76 186 -31 -5
Tax % 59% 25% 28% -18%
8 59 137 -25 11
EPS in Rs 0.53 2.44 5.67 -1.05 0.45
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 175%
Stock Price CAGR
10 Years: 20%
5 Years: 34%
3 Years: -30%
1 Year: -40%
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: -6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 31 48 48 48 48
Reserves 66 228 364 339 340
1 61 145 178 171
148 141 174 149 176
Total Liabilities 246 478 731 714 735
156 155 278 468 479
CWIP 35 177 213 49 36
Investments 0 33 59 59 60
55 114 181 138 161
Total Assets 246 478 731 714 735

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
53 70 150 14
-24 -191 -233 -56
-34 137 81 21
Net Cash Flow -5 16 -3 -21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27 26 27 33
Inventory Days 52 84 47 106
Days Payable 231 216 112 147
Cash Conversion Cycle -152 -106 -38 -8
Working Capital Days -160 -40 -20 -23
ROCE % 39% 43% -2%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
31.35% 31.35% 31.36% 31.36% 31.36% 31.36% 31.36% 31.36% 31.35% 31.35% 31.35% 31.35%
0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 2.11% 1.78% 0.73% 0.23% 0.11% 0.12%
0.31% 0.05% 0.04% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92%
68.34% 68.60% 68.60% 66.72% 66.73% 66.72% 64.62% 64.96% 65.99% 66.50% 66.61% 66.61%
No. of Shareholders 24,65025,81828,44333,80033,42133,55640,94742,40345,39845,32452,60951,481

* 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

  • Jun 2023
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  • Feb 2023
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  • Nov 2022
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