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 30.9
  • Book Value 287
  • Dividend Yield 0.30 %
  • ROCE 22.5 %
  • ROE 17.3 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%

Cons

  • The company has delivered a poor sales growth of 7.76% over past five years.
  • Debtor days have increased from 57.6 to 77.1 days.
  • Working capital days have increased from 54.2 days to 75.9 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

Consolidated Figures in Rs. Crores / View Standalone

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
209 255 259 272 279 260 195 281 242 214 197 242 242
178 218 224 237 248 226 174 244 207 188 183 215 217
Operating Profit 31 37 34 35 31 35 21 38 35 26 13 28 26
OPM % 15% 14% 13% 13% 11% 13% 11% 13% 15% 12% 7% 11% 11%
0 0 0 0 2 1 1 0 2 1 0 1 2
Interest 3 3 4 3 4 4 7 4 7 7 4 4 5
Depreciation 4 4 4 5 5 5 5 5 6 5 6 6 6
Profit before tax 24 30 26 28 24 27 10 29 25 15 4 18 17
Tax % 26% 26% 26% 27% 27% 25% 69% 26% 27% 27% 32% 26% 25%
18 22 19 20 18 20 3 22 18 11 2 13 12
EPS in Rs 14.63 17.84 15.78 16.52 14.34 16.36 2.61 17.83 14.78 9.13 1.97 10.96 10.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
245 514 564 537 525 493 643 550 678 933 1,006 934 895
242 473 517 497 509 450 576 507 583 793 883 821 803
Operating Profit 4 41 47 41 16 44 67 42 96 140 123 113 92
OPM % 1% 8% 8% 8% 3% 9% 10% 8% 14% 15% 12% 12% 10%
11 15 21 40 12 12 -2 13 2 1 3 3 4
Interest 19 35 35 50 31 18 17 18 13 12 18 21 19
Depreciation 8 16 19 17 16 14 19 15 15 17 19 22 24
Profit before tax -13 4 14 14 -19 24 29 22 69 112 89 73 54
Tax % 0% 0% 4% 4% 4% 29% 42% 51% 29% 25% 31% 27%
-13 1 14 13 -20 17 17 11 49 83 61 54 39
EPS in Rs -10.30 0.78 11.58 10.83 -16.25 14.01 13.70 8.77 40.03 68.06 49.83 43.70 32.15
Dividend Payout % 0% 0% 0% 0% 0% 11% 11% 17% 5% 4% 6% 7%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 11%
TTM: -9%
Compounded Profit Growth
10 Years: 29%
5 Years: 19%
3 Years: 3%
TTM: -38%
Stock Price CAGR
10 Years: 25%
5 Years: 15%
3 Years: -12%
1 Year: -15%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 27%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 -50 -46 -47 49 46 62 79 85 132 213 268 318 339
356 365 321 191 151 117 91 99 88 93 94 123 123
163 164 196 205 229 165 189 197 219 238 241 187 220
Total Liabilities 482 496 482 457 439 356 371 394 451 557 616 640 695
258 242 232 235 224 177 180 168 189 212 222 236 243
CWIP 10 3 7 4 6 4 7 15 16 7 20 12 13
Investments 6 4 0 0 1 1 1 1 1 1 2 8 6
207 247 243 219 207 174 184 210 245 337 372 384 433
Total Assets 482 496 482 457 439 356 371 394 451 557 616 640 695

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 38 57 105 62 61 68 34 43 34 58 30
-3 -1 -0 28 -5 -18 -20 -15 -9 -27 -38 -36
-54 -20 -72 -141 -61 -43 -4 -19 -24 -11 -20 4
Net Cash Flow -34 17 -14 -8 -4 1 45 1 10 -3 0 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 104 51 48 52 44 31 36 32 45 44 52 77
Inventory Days 186 108 95 78 85 83 75 97 91 99 97 85
Days Payable 308 94 78 76 148 133 103 100 102 85 80 75
Cash Conversion Cycle -18 64 64 54 -19 -19 7 28 34 58 69 86
Working Capital Days -61 10 -24 -3 -48 -6 2 8 13 38 49 76
ROCE % 13% 13% 14% 5% 20% 29% 17% 38% 45% 31% 22%

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