Pondy Oxides & Chemicals Ltd

Pondy Oxides & Chemicals Ltd

₹ 953 11.62%
02 Jul - close price
About

Incorporated in 1995, Pondy Oxides and Chemicals Ltd manufactures Lead Metal and Alloys and other Non-ferrous metals[1]

Key Points

Business Overview:[1][2][3]
POCL is in the metallic and non-metallic recycling industry as India’s largest secondary Lead manufacturer in Lead Alloys. Its core product lead and lead alloys, is mainly used in making lead-acid batteries. Company converts scraps of various forms of Lead, Aluminium and Copper into Lead Metal, Aluminium Metal, Copper and its Alloys. It carries out smelting of Lead Battery scrap to produce secondary lead metal which is further transformed into Pure lead and Specific Lead Alloys. Further, company also manufactures Zinc metal and Zinc Oxide

  • Market Cap 1,200 Cr.
  • Current Price 953
  • High / Low 1,022 / 353
  • Stock P/E 30.4
  • Book Value 282
  • Dividend Yield 0.52 %
  • ROCE 16.1 %
  • ROE 13.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 7.76% over past five 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
298 244 400 414 397 364 300 373 435 321 393 454 356
292 229 375 390 383 346 283 353 411 307 376 429 338
Operating Profit 7 15 25 24 14 18 18 19 24 13 16 25 18
OPM % 2% 6% 6% 6% 4% 5% 6% 5% 6% 4% 4% 6% 5%
2 0 0 1 3 1 1 0 1 1 1 -1 3
Interest 2 2 2 3 2 2 1 1 3 4 4 5 3
Depreciation 2 2 2 2 3 2 2 3 3 2 2 2 3
Profit before tax 5 12 20 20 13 15 16 16 19 9 11 17 15
Tax % 16% 26% 26% 29% 16% 25% 24% 26% 25% 25% 26% 26% 17%
4 9 15 14 11 12 12 12 14 7 8 13 12
EPS in Rs 3.85 7.39 12.96 12.18 9.08 10.00 10.10 10.00 12.24 5.61 7.03 10.77 9.77
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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
342 448 373 466 759 940 1,049 1,220 1,004 1,455 1,472 1,524
332 434 355 439 705 882 984 1,183 980 1,377 1,391 1,451
Operating Profit 10 13 18 27 54 58 65 36 24 77 80 73
OPM % 3% 3% 5% 6% 7% 6% 6% 3% 2% 5% 5% 5%
4 1 1 1 4 2 4 3 3 5 4 5
Interest 8 8 7 8 10 12 12 11 5 9 8 16
Depreciation 2 2 2 4 4 4 5 8 8 9 10 9
Profit before tax 4 4 10 16 44 44 52 21 14 64 66 52
Tax % 32% 34% 31% 37% 36% 34% 35% 23% 22% 25% 25% 23%
3 3 7 10 28 29 34 16 11 48 49 40
EPS in Rs 1.24 1.26 5.99 9.04 25.27 26.05 30.12 14.09 9.29 41.59 42.32 31.39
Dividend Payout % 40% 40% 17% 11% 6% 6% 7% 11% 13% 6% 12% 16%
Compounded Sales Growth
10 Years: 13%
5 Years: 8%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 30%
5 Years: 3%
3 Years: 54%
TTM: -20%
Stock Price CAGR
10 Years: 47%
5 Years: 53%
3 Years: 86%
1 Year: 133%
Return on Equity
10 Years: 20%
5 Years: 16%
3 Years: 19%
Last Year: 13%

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
Equity Capital 11 11 6 6 6 6 6 6 6 6 12 13
Reserves 26 27 26 35 66 93 125 145 156 202 243 342
76 75 57 83 110 146 142 56 146 107 142 94
23 23 22 30 11 7 9 12 12 15 38 21
Total Liabilities 135 137 112 152 193 251 281 219 319 330 434 470
23 22 15 26 27 32 34 61 54 60 96 114
CWIP 1 3 11 1 3 2 1 2 6 3 7 8
Investments 1 1 0 0 0 0 0 0 0 0 40 40
110 111 85 126 163 217 246 157 260 266 291 308
Total Assets 135 137 112 152 193 251 281 219 319 330 434 470

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
-17 8 45 -10 -7 -19 23 135 -91 63 65 64
-2 -2 -8 -3 -9 -3 -8 -35 -3 -14 -90 -51
20 -13 -36 9 16 23 -16 -95 88 -48 25 -3
Net Cash Flow 1 -6 1 -4 0 0 -0 5 -6 1 -1 11

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 55 39 29 30 30 35 31 17 40 22 25 24
Inventory Days 35 36 33 52 38 42 43 23 48 41 42 33
Days Payable 18 14 16 15 2 1 2 2 3 2 2 3
Cash Conversion Cycle 73 62 46 67 66 76 72 38 85 61 65 55
Working Capital Days 81 67 56 70 68 78 79 38 89 62 61 57
ROCE % 11% 11% 17% 22% 34% 26% 25% 13% 8% 23% 21%

Shareholding Pattern

Numbers in percentages

18 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.74% 48.74% 48.74% 48.74% 48.89% 48.86% 48.86% 48.88% 48.88% 48.88% 48.89% 48.90%
0.00% 0.00% 0.00% 0.00% 0.00% 1.03% 0.12% 0.00% 0.13% 0.01% 0.18% 0.22%
51.26% 51.26% 51.26% 51.26% 51.11% 50.13% 51.03% 51.12% 50.98% 51.11% 50.93% 50.89%
No. of Shareholders 12,30314,57614,24313,05914,09321,37022,83722,07221,56022,57922,10924,060

* 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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