Paushak Ltd
Paushak is India’s largest phosgene based specialty chemicals manufacturer serving pharmaceutical, agrochemical and performance industries. Paushak is part of the Alembic group of companies situated in Gujarat, India.. Alembic Ltd is the oldest pharmaceutical company in India founded in 1907. [1][2]
- Market Cap ₹ 1,456 Cr.
- Current Price ₹ 4,725
- High / Low ₹ 6,385 / 3,746
- Stock P/E 25.1
- Book Value ₹ 1,417
- Dividend Yield 0.42 %
- ROCE 16.5 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 8.13% over past five years.
- Company has a low return on equity of 13.5% over last 3 years.
- Earnings include an other income of Rs.21.3 Cr.
- Dividend payout has been low at 10.4% of profits over last 3 years
* 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: Chemicals
Part of BSE Allcap BSE SmallCap BSE Commodities
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
51 | 54 | 69 | 78 | 72 | 105 | 140 | 138 | 141 | 150 | 212 | 206 | 212 | |
39 | 43 | 52 | 61 | 60 | 75 | 99 | 95 | 91 | 96 | 137 | 142 | 150 | |
Operating Profit | 12 | 11 | 17 | 17 | 12 | 29 | 40 | 43 | 50 | 54 | 75 | 65 | 63 |
OPM % | 23% | 20% | 25% | 22% | 17% | 28% | 29% | 31% | 36% | 36% | 35% | 31% | 30% |
1 | 4 | 3 | 3 | 5 | 3 | 13 | 7 | 6 | 5 | 11 | 20 | 21 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 9 | 13 | 14 | 15 |
Profit before tax | 11 | 13 | 18 | 17 | 14 | 29 | 49 | 45 | 52 | 50 | 72 | 71 | 69 |
Tax % | 27% | 30% | 28% | 25% | 22% | 26% | 20% | 23% | 28% | 25% | 25% | 23% | |
8 | 9 | 13 | 12 | 11 | 21 | 39 | 35 | 37 | 38 | 54 | 54 | 58 | |
EPS in Rs | 24.29 | 27.50 | 40.50 | 38.73 | 34.11 | 66.95 | 126.41 | 113.27 | 121.02 | 122.03 | 175.24 | 176.34 | 188.28 |
Dividend Payout % | 12% | 11% | 7% | 8% | 9% | 4% | 4% | 5% | 5% | 10% | 10% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 8% |
3 Years: | 14% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 9% |
3 Years: | 10% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 19% |
3 Years: | -25% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 35 | 42 | 54 | 65 | 80 | 110 | 174 | 224 | 269 | 302 | 351 | 405 | 434 |
1 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
8 | 8 | 11 | 13 | 11 | 31 | 36 | 43 | 57 | 61 | 61 | 73 | 75 | |
Total Liabilities | 47 | 54 | 69 | 82 | 94 | 144 | 214 | 270 | 329 | 367 | 415 | 481 | 512 |
10 | 9 | 18 | 20 | 35 | 37 | 38 | 41 | 51 | 147 | 149 | 152 | 146 | |
CWIP | 0 | 4 | 1 | 12 | 0 | 1 | 6 | 16 | 68 | 8 | 7 | 29 | 85 |
Investments | 14 | 18 | 19 | 18 | 33 | 53 | 116 | 163 | 154 | 151 | 182 | 223 | 190 |
23 | 23 | 30 | 31 | 26 | 54 | 54 | 50 | 56 | 61 | 78 | 77 | 91 | |
Total Assets | 47 | 54 | 69 | 82 | 94 | 144 | 214 | 270 | 329 | 367 | 415 | 481 | 512 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 9 | 9 | 14 | 12 | 10 | 24 | 45 | 30 | 44 | 43 | 56 | |
0 | -7 | -8 | -13 | -11 | -10 | -0 | -43 | -29 | -42 | -38 | -50 | |
-3 | -2 | -1 | -1 | -2 | -1 | -23 | -2 | -2 | -2 | -4 | -5 | |
Net Cash Flow | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -1 | -0 | 0 | 0 |
Ratios
Figures in Rs. Crores
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 | 102 | 96 | 114 | 97 | 83 | 135 | 85 | 69 | 85 | 97 | 90 | 90 |
Inventory Days | 133 | 117 | 96 | 117 | 125 | 118 | 122 | 131 | 148 | 233 | 180 | 177 |
Days Payable | 79 | 71 | 94 | 104 | 70 | 170 | 73 | 110 | 118 | 227 | 122 | 130 |
Cash Conversion Cycle | 155 | 142 | 116 | 110 | 138 | 83 | 133 | 89 | 115 | 103 | 149 | 137 |
Working Capital Days | 115 | 108 | 110 | 95 | 92 | 109 | 100 | 75 | 60 | 81 | 93 | 84 |
ROCE % | 30% | 30% | 32% | 25% | 12% | 29% | 27% | 21% | 20% | 17% | 21% | 17% |
Documents
Announcements
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Intimation For Change Of Email Id And Website Address Of The Registrar And Share Transfer Agent ('RTA') Of The Company.
2d - Paushak updates RTA’s email and website addresses
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Apr - Newspaper Advertisement of Postal Ballot Notice
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
15 Apr - Appointment of Mr. Chintan Gosaliya as Whole-time Director.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Certificate under Regulation 74(5) for Q1 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Apr - In accordance with Regulation 30 of SEBI Listing Regulations, Newspaper Advertisement related to notice of loss of equity shares certificate(s).
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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Products Offered
Paushak is part of the Alembic group of companies situated in Gujarat, India and is the largest specialty chemical company in India based on Phosgene Chemistry. Its products include Chloroformates, Isocyanates, Chlorides, Carbonates/Carbamate and Other Chemicals. These chemicals are used in diverse fields such as pesticides, pharmaceuticals dyes plastics and perfumeries. [1] [2]