Punjab Chemicals & Crop Protection Ltd

Punjab Chemicals & Crop Protection Ltd

₹ 995 0.04%
22 Nov - close price
About

Started in 1975 as Punjab United Pesticides & Chemicals Limited (PUPCL) has now evolved as Punjab Chemicals and Crop Protection Limited (Punjab Chemicals), uniting all its divisions – Agro-technicals, Pharmaceuticals, Intermediates, Chemicals & International Trading, under one roof. The business of the Company is Performance Chemicals, which includes Agro Chemicals, Specialty Chemicals and other chemicals. The Company is also in contract manufacturing business producing products for Indian and multinational companies. [1][2]

Key Points

Business Segments FY23

  • Market Cap 1,220 Cr.
  • Current Price 995
  • High / Low 1,575 / 900
  • Stock P/E 30.0
  • Book Value 302
  • Dividend Yield 0.30 %
  • ROCE 21.3 %
  • ROE 16.6 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.6%

Cons

  • The company has delivered a poor sales growth of 7.76% over past five years.
  • Debtor days have increased from 59.1 to 81.3 days.

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
208 255 259 272 278 260 195 280 241 213 196 242 242
178 218 224 236 246 227 174 243 206 188 182 214 216
Operating Profit 31 37 35 36 32 33 21 37 35 25 14 28 26
OPM % 15% 15% 13% 13% 11% 13% 11% 13% 14% 12% 7% 12% 11%
0 0 0 0 2 1 1 0 2 1 1 0 2
Interest 3 3 4 3 4 4 6 4 7 5 4 4 5
Depreciation 4 4 4 5 5 5 5 5 6 5 6 6 6
Profit before tax 24 30 27 28 25 25 10 29 24 16 4 18 16
Tax % 26% 26% 31% 26% 26% 27% 71% 26% 27% 26% 26% 26% 26%
18 22 19 21 19 18 3 22 18 12 3 14 12
EPS in Rs 14.59 18.31 15.15 17.13 15.21 14.96 2.40 17.58 14.58 9.57 2.67 11.01 9.92
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 6m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
200 416 409 356 411 488 640 548 676 931 1,004 931 892
189 381 365 331 405 454 574 506 582 792 882 818 800
Operating Profit 11 36 44 26 5 34 66 41 94 139 122 112 92
OPM % 6% 9% 11% 7% 1% 7% 10% 8% 14% 15% 12% 12% 10%
11 13 8 47 29 15 2 19 1 0 4 3 4
Interest 17 32 32 21 22 18 17 18 12 12 18 19 18
Depreciation 7 15 18 15 14 14 19 15 15 17 19 22 24
Profit before tax -2 1 4 36 -1 17 32 27 68 110 89 74 55
Tax % 0% 0% 0% 0% 53% 40% 37% 42% 26% 27% 31% 26%
-2 1 4 36 -2 10 20 16 51 81 61 54 41
EPS in Rs -1.69 0.96 2.90 29.05 -1.71 8.48 16.51 12.87 41.22 65.91 49.70 44.40 33.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 9% 12% 5% 5% 6% 7%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 11%
TTM: -9%
Compounded Profit Growth
10 Years: 28%
5 Years: 16%
3 Years: 2%
TTM: -33%
Stock Price CAGR
10 Years: 25%
5 Years: 15%
3 Years: -12%
1 Year: -15%
Return on Equity
10 Years: 23%
5 Years: 25%
3 Years: 25%
Last Year: 17%

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 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 5 7 7 42 60 70 89 102 152 229 286 336 358
309 323 282 170 143 117 91 99 88 93 94 123 123
113 128 119 135 142 169 192 200 219 239 242 197 235
Total Liabilities 439 470 420 359 357 368 384 413 470 574 634 669 729
244 234 221 175 169 177 180 168 189 212 222 236 243
CWIP 8 1 7 4 6 4 7 15 16 7 20 12 13
Investments 3 3 4 4 5 1 1 1 1 1 2 8 6
183 232 190 176 177 186 197 230 265 354 390 413 467
Total Assets 439 470 420 359 357 368 384 413 470 574 634 669 729

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
24 36 48 81 48 58 69 32 47 32 57 29
-5 -2 -0 12 -8 -15 -21 -14 -14 -27 -36 -36
-50 -15 -65 -97 -40 -43 -4 -19 -23 -9 -20 5
Net Cash Flow -30 19 -17 -5 0 1 45 0 10 -4 1 -1

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 125 60 52 57 43 31 35 32 45 44 52 81
Inventory Days 156 104 87 82 83 83 75 97 91 99 97 85
Days Payable 203 112 92 101 122 131 103 100 102 84 79 75
Cash Conversion Cycle 79 52 48 38 4 -17 7 29 35 58 70 91
Working Capital Days 3 7 -30 -5 -7 -0 8 19 23 45 56 84
ROCE % 11% 12% 8% 10% 15% 30% 22% 34% 42% 29% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22%
3.00% 2.99% 2.99% 3.05% 2.99% 2.99% 2.97% 2.99% 2.98% 3.00% 3.02% 2.97%
0.91% 1.07% 0.75% 0.80% 1.02% 0.98% 0.20% 0.15% 0.15% 0.42% 0.42% 0.39%
1.00% 1.00% 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
55.88% 55.73% 56.04% 56.94% 56.79% 56.82% 57.60% 57.65% 57.65% 57.36% 57.34% 57.42%
No. of Shareholders 19,38319,41919,96220,50421,23921,02921,94622,16821,18321,33620,68521,302

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls