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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Punjab Chemicals & Crop Protection Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:58 am

Market Cap 1,313 Cr.
Current Price 1,071
High / Low 1,575/900
Stock P/E33.3
Book Value 287
Dividend Yield0.28 %
ROCE22.5 %
ROE17.3 %
Face Value 10.0
PEG Ratio0.88

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Epigral Ltd 8,482 Cr. 1,966 2,408/90029.0 3370.25 %17.5 %16.9 % 10.0
Dharmaj Crop Guard Ltd 957 Cr. 283 390/19723.7 1170.00 %14.5 %13.2 % 10.0
Bhaskar Agrochemicals Ltd 44.2 Cr. 84.9 122/46.122.4 29.20.00 %14.7 %13.4 % 10.0
Bhagiradha Chemicals & Industries Ltd 3,973 Cr. 319 448/117148 51.00.03 %8.71 %5.55 % 1.00
Best Agrolife Ltd 1,467 Cr. 620 870/45439.8 3200.48 %16.5 %18.1 % 10.0
Industry Average11,246.85 Cr1,686.9841.37422.470.32%13.25%14.87%7.25

All Competitor Stocks of

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales209.51210.95208.79255.04258.68272.12278.60260.45195.04281.36242.18214.16196.53
Expenses186.23174.05177.79218.34224.48236.70247.53225.52173.89243.54206.53188.13183.30
Operating Profit23.2836.9031.0036.7034.2035.4231.0734.9321.1537.8235.6526.0313.23
OPM %11.11%17.49%14.85%14.39%13.22%13.02%11.15%13.41%10.84%13.44%14.72%12.15%6.73%
Other Income0.141.200.060.210.350.151.700.580.920.261.301.300.50
Interest2.062.372.763.034.183.443.924.036.643.576.586.534.16
Depreciation4.143.914.214.274.284.564.734.764.965.145.525.476.03
Profit before tax17.2231.8224.0929.6126.0927.5724.1226.7210.4729.3724.8515.333.54
Tax %39.08%23.66%25.53%26.11%25.83%26.51%27.11%24.93%69.44%25.57%27.08%26.94%31.92%
Net Profit10.4924.2917.9421.8819.3520.2617.5820.063.2021.8618.1211.202.41
EPS in Rs8.5519.8114.6317.8415.7816.5214.3416.362.6117.8314.789.131.97

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales2455145645375254936435506789331,006934
Expenses242473517497509450576507583793883821
Operating Profit44147411644674296140123113
OPM %1%8%8%8%3%9%10%8%14%15%12%12%
Other Income111521401212-2132133
Interest193535503118171813121821
Depreciation81619171614191515171922
Profit before tax-1341414-19242922691128973
Tax %0%0%4%4%-4%29%42%51%29%25%31%27%
Net Profit-1311413-2017171149836154
EPS in Rs-10.300.7811.5810.83-16.2514.0113.708.7740.0368.0649.8343.70
Dividend Payout %0%0%0%0%0%11%11%17%5%4%6%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)107.69%1300.00%-7.14%-253.85%185.00%0.00%-35.29%345.45%69.39%-26.51%-11.48%
Change in YoY Net Profit Growth (%)0.00%1192.31%-1307.14%-246.70%438.85%-185.00%-35.29%380.75%-276.07%-95.89%15.03%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

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:26%
5 Years:16%
3 Years:-7%
1 Year:-12%
Return on Equity
10 Years:%
5 Years:27%
3 Years:27%
Last Year:17%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:49 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital12121212121212121212121212
Reserves-50-46-474946627985132213268318339
Borrowings3563653211911511179199889394123123
Other Liabilities163164196205229165189197219238241187220
Total Liabilities482496482457439356371394451557616640695
Fixed Assets258242232235224177180168189212222236243
CWIP1037464715167201213
Investments6400111111286
Other Assets207247243219207174184210245337372384433
Total Assets482496482457439356371394451557616640695

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2338571056261683443345830
Cash from Investing Activity +-3-1-028-5-18-20-15-9-27-38-36
Cash from Financing Activity +-54-20-72-141-61-43-4-19-24-11-204
Net Cash Flow-3417-14-8-4145110-30-2

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-352.00-324.00-274.00-150.00-135.00-73.00-24.00-57.008.0047.0029.00-10.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1045148524431363245445277
Inventory Days18610895788583759791999785
Days Payable308947876148133103100102858075
Cash Conversion Cycle-18646454-19-1972834586986
Working Capital Days-6110-24-3-48-62813384976
ROCE %13%13%14%5%20%29%17%38%45%31%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%
FIIs3.00%2.99%2.99%3.05%2.99%2.99%2.97%2.99%2.98%3.00%3.02%2.97%
DIIs0.91%1.07%0.75%0.80%1.02%0.98%0.20%0.15%0.15%0.42%0.42%0.39%
Government1.00%1.00%1.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public55.88%55.73%56.04%56.94%56.79%56.82%57.60%57.65%57.65%57.36%57.34%57.42%
No. of Shareholders19,38319,41919,96220,50421,23921,02921,94622,16821,18321,33620,68521,302

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)43.7049.8468.0740.038.77
Diluted EPS (Rs.)43.7049.8468.0740.038.77
Cash EPS (Rs.)61.7865.3481.6752.1521.29
Book Value[Excl.RevalReserv]/Share (Rs.)269.30228.89184.03117.8979.73
Book Value[Incl.RevalReserv]/Share (Rs.)269.30228.89184.03117.8979.73
Revenue From Operations / Share (Rs.)762.01820.73761.39553.16448.25
PBDIT / Share (Rs.)94.68102.71114.7079.3945.33
PBIT / Share (Rs.)76.6187.20101.1067.2732.81
PBT / Share (Rs.)59.6172.5091.0356.2918.01
Net Profit / Share (Rs.)43.7049.8468.0840.038.77
NP After MI And SOA / Share (Rs.)43.7049.8468.0840.038.77
PBDIT Margin (%)12.4212.5115.0614.3510.11
PBIT Margin (%)10.0510.6213.2712.167.31
PBT Margin (%)7.828.8311.9510.174.01
Net Profit Margin (%)5.736.078.947.231.95
NP After MI And SOA Margin (%)5.736.078.947.231.95
Return on Networth / Equity (%)16.2221.7736.9933.9510.99
Return on Capital Employeed (%)23.2928.8040.2934.7124.13
Return On Assets (%)8.379.9114.9710.882.72
Long Term Debt / Equity (X)0.150.210.240.480.40
Total Debt / Equity (X)0.360.310.380.510.90
Asset Turnover Ratio (%)1.491.721.811.571.40
Current Ratio (X)1.591.481.291.090.86
Quick Ratio (X)1.030.790.670.610.48
Inventory Turnover Ratio (X)3.674.074.564.213.81
Dividend Payout Ratio (NP) (%)6.866.022.933.7417.11
Dividend Payout Ratio (CP) (%)4.854.592.442.877.04
Earning Retention Ratio (%)93.1493.9897.0796.2682.89
Cash Earning Retention Ratio (%)95.1595.4197.5697.1392.96
Interest Coverage Ratio (X)5.576.9811.407.233.06
Interest Coverage Ratio (Post Tax) (X)3.574.397.764.651.59
Enterprise Value (Cr.)1315.071092.441862.191133.61452.95
EV / Net Operating Revenue (X)1.411.091.991.670.82
EV / EBITDA (X)11.338.6813.2411.658.15
MarketCap / Net Operating Revenue (X)1.291.011.911.580.67
Retention Ratios (%)93.1393.9797.0696.2582.88
Price / BV (X)3.653.627.927.423.78
Price / Net Operating Revenue (X)1.291.011.911.580.67
EarningsYield0.040.060.040.040.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 1,658.01

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 54.81% compared to the current share price 1,071.00

Intrinsic Value of as of December 21, 2024 is: 2,286.04

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 113.45% compared to the current share price 1,071.00

Last 5 Year EPS CAGR: 37.88%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.58%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 4.50, which is a positive sign.
  3. The company has shown consistent growth in sales (551.42 cr) and profit (34.83 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 34.00, which may not be favorable.
  2. The company has higher borrowings (170.15) compared to reserves (111.38), which may suggest financial risk.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 5.73%
      • 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: 23.29% (Industry Average ROCE: 13.25%)
      • 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. ROE%: 16.22% (Industry Average ROE: 14.87%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.57
      • 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.
    5. Quick Ratio: 1.03
      • 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.
    6. Stock P/E: 33.3 (Industry average Stock P/E: 41.37)
      • 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.
    7. Total Debt / Equity: 0.36
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Punjab Chemicals and Crop Protection Ltd. is a Public Limited Listed company incorporated on 19/11/1975 and has its registered office in the State of Chandigarh, India. Company’s Corporate Identification Number(CIN) is L24231PB1975PLC047063 and registration number is 003603. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 930.57 Cr. and Equity Capital is Rs. 12.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/PesticidesMilestone 18, Ambala Kalka Road, Village & P.O Bhankharpur, Mohali Punjab 140201info@punjabchemicals.com
http://www.punjabchemicals.com
Management
NamePosition Held
Mr. Ghattu Ramanna NarayanChairman Emeritus
Mr. Mukesh Dahyabhai PatelChairman
Mr. Shalil Shashikumar ShroffManaging Director
Capt.(Retd.) Surjit Singh ChopraDirector
Mr. Vijay Dilbagh RaiDirector
Mr. Sheo Parsad SinghDirector
Ms. Aruna Rajendra BhingeDirector
Ms. Tara SubramaniamDirector
Mr. Shivshankar Shripal TiwariDirector
Mr. Avtar SinghDirector

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹1658.01, which is 54.81% higher than the current market price of ₹1,071.00. The stock has a market capitalization of 1,313 Cr. and recorded a high/low of 1,575/900 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹339 Cr and total liabilities of ₹695 Cr.

What is the Market Cap of ?

The Market Cap of is 1,313 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 1,071.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,575/900.

What is the Stock P/E of ?

The Stock P/E of is 33.3.

What is the Book Value of ?

The Book Value of is 287.

What is the Dividend Yield of ?

The Dividend Yield of is 0.28 %.

What is the ROCE of ?

The ROCE of is 22.5 %.

What is the ROE of ?

The ROE of is 17.3 %.

What is the Face Value of ?

The Face Value of is 10.0.

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 . 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