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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Poddar Pigments Ltd

About the Company - Poddar Pigments Ltd

Poddar Pigments Ltd. is a Public Limited Listed company incorporated on 11/11/1991 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L24117RJ1991PLC006307 and registration number is 006307. Currently company belongs to the Industry of Dyes & Pigments. Company’s Total Operating Revenue is Rs. 295.54 Cr. and Equity Capital is Rs. 10.61 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsE-10, 11 & F-14 to 16, Jaipur Rajasthan 302022jaipur@poddarpigmentsltd.com
http://www.poddarpigmentsltd.com
Management
NamePosition Held
Mr. S S PoddarManaging Director
Mr. Gaurav GoenkaJoint Managing Director
Mrs. Mahima P AgarwalNon Executive Director
Mrs. Lalitha KumaramangalamIndependent Director
Mr. M K SonthaliaIndependent Director
Mr. N GopalaswamyIndependent Director
Mr. M MahadevanIndependent Director

Poddar Pigments Ltd. Share Price Update

Share PriceValue
Today₹354.65
Previous Day₹363.05

Basic Stock Data of Poddar Pigments Ltd

Market Cap 380 Cr.
Current Price 358
High / Low425/244
Stock P/E13.8
Book Value 277
Dividend Yield0.98 %
ROCE12.2 %
ROE8.94 %
Face Value 10.0

Data Source: screener.in

Competitors of Poddar Pigments Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vidhi Specialty Food Ingredients Ltd 2,212 Cr. 443473/31963.4 53.40.23 %17.6 %16.2 % 1.00
Sudarshan Chemical Industries Ltd 4,161 Cr. 601611/36147.6 1590.00 %6.27 %5.40 % 2.00
Ushanti Colour Chem Ltd 65.3 Cr. 61.076.7/52.0 44.10.00 %1.47 %4.08 % 10.0
Mahickra Chemicals Ltd 124 Cr. 153159/78.256.8 40.60.42 %13.7 %10.9 % 10.0
Bodal Chemicals Ltd 1,001 Cr. 79.694.4/55.0138 85.30.12 %5.08 %3.50 % 2.00
Industry Average1,512.66 Cr267.5261.1676.480.15%8.82%8.02%5.00

Poddar Pigments Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales60.5583.1380.9260.3675.7276.6682.8182.0089.5382.5786.5891.9789.06
Expenses55.4573.0168.0654.7070.6967.9675.6673.9779.5472.8876.5281.9680.76
Operating Profit5.1010.1212.865.665.038.707.158.039.999.6910.0610.018.30
OPM %8.42%12.17%15.89%9.38%6.64%11.35%8.63%9.79%11.16%11.74%11.62%10.88%9.32%
Other Income0.701.260.091.351.220.611.400.791.581.791.431.101.85
Interest0.080.050.080.100.110.080.100.070.070.050.080.050.04
Depreciation0.530.540.520.490.520.500.631.441.571.621.571.631.65
Profit before tax5.1910.7912.356.425.628.737.827.319.939.819.849.438.46
Tax %28.90%27.71%16.60%26.64%22.78%22.11%31.20%25.72%24.57%29.05%24.19%27.15%28.25%
Net Profit3.687.8110.304.724.346.805.395.447.496.967.456.876.07
EPS in Rs3.477.369.714.454.096.415.085.137.066.567.026.485.72

Poddar Pigments Ltd Quarterly Chart

Poddar Pigments Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales220273313318326329334357357261296341350
Expenses200253291295302301309334329231269303312
Operating Profit20202323242725232830273838
OPM %9%7%7%7%7%8%7%7%8%11%9%11%11%
Other Income-1213447444566
Interest2221111110100
Depreciation3333333332266
Profit before tax14181922252828242931293738
Tax %32%27%30%26%27%28%33%30%26%24%26%26%
Net Profit10131316182019172124212727
EPS in Rs9.2712.0512.7015.3717.2919.1018.0115.5920.0322.3020.0325.7725.78
Dividend Payout %22%17%18%16%14%18%19%19%-0%11%12%14%

Poddar Pigments Ltd Profit & Loss Yearly Chart

Poddar Pigments Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:0%
3 Years:-2%
TTM:6%
Compounded Profit Growth
10 Years:8%
5 Years:9%
3 Years:9%
TTM:9%
Stock Price CAGR
10 Years:24%
5 Years:19%
3 Years:24%
1 Year:41%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:9%
Last Year:9%

Poddar Pigments Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Reserves5061718499150187208178232307283
Borrowings221561311-0-0-0-0-0
Other Liabilities212832282427242733243538
Total Liabilities103114121123137189222246221267353332
Fixed Assets3230282625272638363598101
CWIP-00-0-0-0-0008367-0
Investments44-0612568287509112270
Other Assets68809391100105115120127105125160
Total Assets103114121123137189222246221267353332

Poddar Pigments Ltd Reserves and Borrowings Chart

Poddar Pigments Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 191014194277223124-316
Cash from Investing Activity -3-12-7-8-14-6-16-26-26-1-0
Cash from Financing Activity -15-11-12-9-1-5-3-5-4-0-3-7
Net Cash Flow1-243-58-220-3-78

Poddar Pigments Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days485249395757524842576557
Inventory Days6358555753476764698711097
Days Payable202528221722191923242633
Cash Conversion Cycle9186777493821019488120148121
Working Capital Days6667686785789382729811997
ROCE %23%23%25%25%24%21%15%12%14%14%10%12%

Poddar Pigments Ltd Financial Efficiency Indicators Chart

Poddar Pigments Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%
FIIs0.96%0.96%0.97%0.97%1.00%0.96%0.96%1.02%0.48%0.48%0.51%0.48%
DIIs0.30%0.30%0.24%0.24%0.25%0.25%0.25%0.24%0.24%0.24%0.24%0.24%
Public36.31%36.31%36.36%36.36%36.33%36.36%36.36%36.30%36.85%36.85%36.81%36.84%
No. of Shareholders9,5309,2249,33013,05412,42712,72312,22312,36411,86311,49211,01810,501

Poddar Pigments Ltd Shareholding Pattern Chart

No. of Poddar Pigments Ltd Shareholders

This stock is not held by any mutual fund

Poddar Pigments Ltd ROCE Trend

Poddar Pigments Ltd EPS Trend

Poddar Pigments Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)25.7720.0322.3020.0315.59
Diluted EPS (Rs.)25.7720.0322.3020.0315.59
Cash EPS (Rs.)31.6122.0424.2822.7918.53
Book Value[Excl.RevalReserv]/Share (Rs.)276.82299.24228.99177.35206.07
Book Value[Incl.RevalReserv]/Share (Rs.)276.82299.24228.99177.35206.07
Dividend / Share (Rs.)3.502.502.500.003.00
Revenue From Operations / Share (Rs.)321.09278.55245.71336.16336.56
PBDIT / Share (Rs.)40.8729.3431.4130.2025.63
PBIT / Share (Rs.)35.0327.3329.4327.4522.69
PBT / Share (Rs.)34.7726.9729.1627.1622.25
Net Profit / Share (Rs.)25.7720.0322.3020.0315.59
PBDIT Margin (%)12.7210.5312.788.987.61
PBIT Margin (%)10.909.8111.978.166.74
PBT Margin (%)10.829.6811.878.076.61
Net Profit Margin (%)8.027.199.075.954.63
Return on Networth / Equity (%)9.306.699.7311.297.56
Return on Capital Employeed (%)12.408.8512.6615.1410.76
Return On Assets (%)8.246.028.859.616.72
Asset Turnover Ratio (%)0.990.951.071.531.53
Current Ratio (X)5.245.386.864.996.15
Quick Ratio (X)3.292.914.773.223.93
Inventory Turnover Ratio (X)3.813.993.825.295.82
Dividend Payout Ratio (NP) (%)23.2812.480.000.0022.45
Dividend Payout Ratio (CP) (%)18.9811.340.000.0018.88
Earning Retention Ratio (%)76.7287.520.000.0077.55
Cash Earning Retention Ratio (%)81.0288.660.000.0081.12
Interest Coverage Ratio (X)158.9081.53120.15106.4358.43
Interest Coverage Ratio (Post Tax) (X)101.1956.6686.2871.5936.53
Enterprise Value (Cr.)230.29313.18196.27109.74173.47
EV / Net Operating Revenue (X)0.671.060.750.300.48
EV / EBITDA (X)5.3110.065.893.426.38
MarketCap / Net Operating Revenue (X)0.771.070.780.340.51
Retention Ratios (%)76.7187.510.000.0077.54
Price / BV (X)0.900.990.840.640.84
Price / Net Operating Revenue (X)0.771.070.780.340.51
EarningsYield0.100.060.110.170.08

Poddar Pigments Ltd Profitability Ratios (%)

Poddar Pigments Ltd Liquidity Ratios

Poddar Pigments Ltd Liquidity Ratios (%)

Poddar Pigments Ltd Interest Coverage Ratios (%)

Poddar Pigments Ltd Valuation Ratios

Fair Value / Intrinsic Value of Poddar Pigments Ltd

Fair Value: ₹345.09

The stock is overvalued by 3.61% compared to the current price ₹358

*Investments are subject to market risks

Strength and Weakness of Poddar Pigments Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 18.17%, which is a positive sign.
  2. The company has higher reserves (146.92 cr) compared to borrowings (3.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (313.46 cr) and profit (26.31 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 31.49 and average Dividend Yield of 9.52%.
  2. The stock has a high average Working Capital Days of 82.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 97.92, which may not be favorable.

Should I Buy Poddar Pigments Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Poddar Pigments Ltd:
    1. Net Profit Margin: 8.02%
      • 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: 12.40% (Industry Average ROCE: 13.81%)
      • 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): 101.19
      • 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: 3.29
      • 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: 14.4 (Industry average Stock P/E: 34.6)
      • 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: N/A
      • 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 Poddar Pigments 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