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 ₹ 16.0
- Dividend Yield 0.00 %
- ROCE -2.45 %
- ROE -6.47 %
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 223 | 449 | 701 | 392 | 450 | |
| 235 | 362 | 508 | 385 | 420 | |
| Operating Profit | -12 | 87 | 192 | 7 | 30 |
| OPM % | -6% | 19% | 27% | 2% | 7% |
| 55 | 15 | 26 | 19 | 21 | |
| Interest | 5 | 9 | 8 | 18 | 22 |
| Depreciation | 17 | 17 | 24 | 40 | 47 |
| Profit before tax | 20 | 76 | 186 | -31 | -19 |
| Tax % | 59% | 25% | 28% | -18% | |
| 8 | 59 | 137 | -25 | -6 | |
| EPS in Rs | 0.53 | 2.44 | 5.67 | -1.05 | -0.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -121% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 41% |
| 3 Years: | -7% |
| 1 Year: | -25% |
| 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% |
Documents
Announcements
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Closure of Trading Window
1d - 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]