Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PCBL Ltd

About the Company - PCBL Ltd

PCBL Ltd. is a Public Limited Listed company incorporated on 31/03/1960 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L23109WB1960PLC024602 and registration number is 024602. Currently Company is involved in the business activities of Manufacture of refined petroleum products. Company’s Total Operating Revenue is Rs. 4446.42 Cr. and Equity Capital is Rs. 37.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Carbon BlackDuncan House,3rd Floor, Kolkata West Bengal 700001pcbl@rpsg.in
http://www.pcblltd.com
Management
NamePosition Held
Dr. Sanjiv GoenkaChairman
Mr. Kaushik RoyManaging Director
Mrs. Preeti GoenkaNon Executive Director
Mr. Shashwat GoenkaNon Executive Director
Mr. K JairajInd. Non-Executive Director
Dr. S RaviInd. Non-Executive Director
Mr. Paras K ChowdharyInd. Non-Executive Director
Mr. Pradip RoyInd. Non-Executive Director
Ms. Rusha MitraInd. Non-Executive Director
Mr. R K AgarwalInd. Non-Executive Director
Mr. T C Sussel KumarInd. Non-Executive Director

PCBL Ltd. Share Price Update

Share PriceValue
Today₹319.95
Previous Day₹334.50

Basic Stock Data of PCBL Ltd

Market Cap 11,581 Cr.
Current Price 307
High / Low344/108
Stock P/E24.0
Book Value 82.6
Dividend Yield1.80 %
ROCE16.9 %
ROE15.7 %
Face Value 1.00

Data Source: screener.in

Competitors of PCBL Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Oriental Carbon & Chemicals Ltd 755 Cr. 756939/65216.9 6221.85 %10.8 %8.46 % 10.0
Industry Average755 Cr75616.96221.85%10.8%8.46%10

PCBL Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6647698671,0041,0681,1561,2191,4091,6281,3631,3741,3481,487
Expenses5595816818408819881,0841,2141,4391,2001,1901,1371,249
Operating Profit105188186164187168134195189163184211238
OPM %16%24%21%16%18%15%11%14%12%12%13%16%16%
Other Income22114491212491743
Interest688887791115191921
Depreciation27282829303130373333344148
Profit before tax73155161131153139109161149124148154172
Tax %20%19%21%20%20%20%19%21%22%22%31%29%28%
Net Profit581261281041221128812611697102109123
EPS in Rs1.683.643.713.033.542.952.343.343.082.572.712.893.25

PCBL Ltd Quarterly Chart

PCBL Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,1872,2852,2772,4701,8941,9272,5583,5293,2442,6604,4465,7745,865
Expenses1,9802,2122,2522,3191,7291,6622,1752,9122,7782,1433,7935,0434,953
Operating Profit2077325151165265383616465517653731912
OPM %9%3%1%6%9%14%15%17%14%19%15%13%16%
Other Income1192214161223202819284130
Interest68728095725141374634295391
Depreciation495255586261616692110121137176
Profit before tax101-42-881247165304533355392532582675
Tax %16%47%1%14%66%58%24%28%19%20%20%24%
Net Profit85-22-87101669230383288314426442482
EPS in Rs2.49-0.63-2.510.310.462.016.6411.138.319.1011.2911.7012.77
Dividend Payout %16%-8%0%32%54%30%11%16%42%38%44%47%

PCBL Ltd Profit & Loss Yearly Chart

PCBL Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:18%
3 Years:21%
TTM:4%
Compounded Profit Growth
10 Years:36%
5 Years:14%
3 Years:15%
TTM:13%
Stock Price CAGR
10 Years:51%
5 Years:32%
3 Years:48%
1 Year:165%
Return on Equity
10 Years:14%
5 Years:18%
3 Years:17%
Last Year:16%

PCBL Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital34343434343434343434383838
Reserves5735514674731,0101,0961,3431,6151,6651,9012,5762,7923,078
Borrowings7118741,0871,2201,0227587177936177247861,0291,171
Other Liabilities7758405402855246917769449951,0671,3851,5731,770
Total Liabilities2,0942,2992,1282,0122,5902,5802,8713,3873,3113,7264,7855,4336,057
Fixed Assets7437828898511,4161,3881,3991,5001,6401,7421,9341,9682,981
CWIP10216574808080671753062671751,130359
Investments38383886228291316362155196588234316
Other Assets1,2111,3151,1279958678221,0901,3501,2101,5212,0872,1012,400
Total Assets2,0942,2992,1282,0122,5902,5802,8713,3873,3113,7264,7855,4336,057

PCBL Ltd Reserves and Borrowings Chart

PCBL Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -91129-14935422346293290532385290504
Cash from Investing Activity -88-130-36-68-121-36-34-278-107-203-541-552
Cash from Financing Activity 1296012234-262-337-110-70-389-180217-31
Net Cash Flow-5059-63139-27148-58363-34-78

PCBL Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days918383778488746866979170
Inventory Days7998855666726873541017048
Days Payable13514089287412388817013410680
Cash Conversion Cycle3640791057737546051645538
Working Capital Days554673805646404633525739
ROCE %14%2%-0%6%6%11%17%25%16%17%18%17%

PCBL Ltd Financial Efficiency Indicators Chart

PCBL Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters53.56%53.56%53.56%55.69%51.38%51.38%51.38%51.41%51.41%51.41%51.41%51.41%
FIIs9.00%8.13%6.65%6.51%9.07%9.46%10.18%10.89%8.58%6.34%6.56%7.07%
DIIs1.49%1.63%2.07%2.11%4.77%5.16%6.06%5.23%7.16%8.15%9.05%7.78%
Government1.36%1.36%1.36%1.36%1.24%1.24%1.24%1.24%1.24%1.24%1.24%1.24%
Public34.59%35.32%36.36%34.33%33.53%32.75%31.14%31.23%31.62%32.85%31.74%32.51%
No. of Shareholders97,5301,13,7171,30,4201,33,8941,51,5601,52,8201,63,4381,54,3171,56,5011,64,0521,73,3471,88,648

PCBL Ltd Shareholding Pattern Chart

No. of PCBL Ltd Shareholders

PCBL Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Balanced Advantage Fund - Regular Plan62782370.25170.67
ICICI Prudential Flexicap Fund43299910.91117.71
Tata Small Cap Fund18443990.7950.14
Mahindra Manulife Small Cap Fund13000001.3835.34
Bandhan Small Cap Fund12974211.0935.27
ICICI Prudential Dividend Yield Equity Fund10401450.9728.28
ITI Small Cap Fund9890321.4626.89
Bank of India Small Cap Fund8998312.9824.46
LIC MF Multi Cap Fund4372661.5811.89
Bank of India Flexi Cap Fund3350001.859.11

PCBL Ltd ROCE Trend

PCBL Ltd EPS Trend

PCBL Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.002.002.002.002.00
Basic EPS (Rs.)11.7011.8118.2216.6822.20
Diluted EPS (Rs.)11.7011.8118.2216.6822.20
Cash EPS (Rs.)15.3428.9924.6122.0426.06
Book Value[Excl.RevalReserv]/Share (Rs.)75.21138.93112.7499.0196.07
Book Value[Incl.RevalReserv]/Share (Rs.)75.21138.93112.7499.0196.07
Revenue From Operations / Share (Rs.)152.96235.57154.31188.21204.75
PBDIT / Share (Rs.)20.4536.1131.1028.6136.91
PBIT / Share (Rs.)16.8229.7024.7123.2533.06
PBT / Share (Rs.)15.4128.1622.7520.5930.92
Net Profit / Share (Rs.)11.7122.5918.2216.6822.20
NP After MI And SOA / Share (Rs.)11.7022.5718.2016.6322.26
PBDIT Margin (%)13.3615.3220.1515.2018.02
PBIT Margin (%)10.9912.6016.0112.3516.14
PBT Margin (%)10.0711.9514.7410.9315.10
Net Profit Margin (%)7.659.5811.808.8610.84
NP After MI And SOA Margin (%)7.659.5811.798.8310.87
Return on Networth / Equity (%)15.6116.2916.2016.8623.25
Return on Capital Employeed (%)17.7317.4616.2617.5526.08
Return On Assets (%)8.138.908.418.6611.32
Long Term Debt / Equity (X)0.140.080.150.120.16
Total Debt / Equity (X)0.330.260.290.320.43
Asset Turnover Ratio (%)1.201.050.750.971.13
Current Ratio (X)1.091.441.331.111.18
Quick Ratio (X)0.771.060.920.790.79
Inventory Turnover Ratio (X)8.006.044.115.566.11
Dividend Payout Ratio (NP) (%)46.9844.3038.4642.0921.11
Dividend Payout Ratio (CP) (%)35.8834.5028.4631.8317.99
Earning Retention Ratio (%)53.0255.7061.5457.9178.89
Cash Earning Retention Ratio (%)64.1265.5071.5468.1782.01
Interest Coverage Ratio (X)14.4523.4315.8210.7417.30
Interest Coverage Ratio (Post Tax) (X)9.2815.6610.277.2611.40
Enterprise Value (Cr.)5237.434848.913596.701482.993660.40
EV / Net Operating Revenue (X)0.901.091.350.451.04
EV / EBITDA (X)6.797.116.713.015.75
MarketCap / Net Operating Revenue (X)0.750.971.240.330.86
Retention Ratios (%)53.0155.6961.5357.9078.88
Price / BV (X)1.551.651.700.631.85
Price / Net Operating Revenue (X)0.750.971.240.330.86
EarningsYield0.100.090.090.260.12

PCBL Ltd Profitability Ratios (%)

PCBL Ltd Liquidity Ratios

PCBL Ltd Liquidity Ratios (%)

PCBL Ltd Interest Coverage Ratios (%)

PCBL Ltd Valuation Ratios

Fair Value / Intrinsic Value of PCBL Ltd

Fair Value: ₹316.84

The stock is undervalued by 3.20% compared to the current price ₹307

*Investments are subject to market risks

Strength and Weakness of PCBL Ltd

StrengthWeakness
  1. The company has higher reserves (1,472.31 cr) compared to borrowings (885.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.62 cr) and profit (274.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 25.51 and average Dividend Yield of 13.62%.
  2. The stock has a low average ROCE of 12.42%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 51.92, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 58.00, which may not be favorable.

Should I Buy PCBL Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in PCBL Ltd:
    1. Net Profit Margin: 7.65%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.73% (Industry Average ROCE: 10.8%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 9.28
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.77
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 24.0 (Industry average Stock P/E: 16.9)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.33
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in PCBL Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE