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Last Updated: April 2, 2026, 3:32 am
Author: Getaka|Social: XLinkedIn

Punjab Chemicals & Crop Protection Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹558.85Overvalued by 39.78%vs CMP ₹928.00

P/E (17.8) × ROE (12.0%) × BV (₹326.00) × DY (0.32%)

₹572.46Overvalued by 38.31%vs CMP ₹928.00
MoS: -62.1% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹523.2022%Over (-43.6%)
Graham NumberEarnings₹599.2116%Over (-35.4%)
Earnings PowerEarnings₹256.7813%Over (-72.3%)
DCFCash Flow₹381.4013%Over (-58.9%)
Net Asset ValueAssets₹326.197%Over (-64.9%)
EV/EBITDAEnterprise₹910.069%Fair (-1.9%)
Earnings YieldEarnings₹489.507%Over (-47.3%)
ROCE CapitalReturns₹1,235.989%Under (+33.2%)
Revenue MultipleRevenue₹734.735%Over (-20.8%)
Consensus (9 models)₹572.46100%Overvalued
Key Drivers: Wide model spread (₹257–₹1,236) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.4%

*Investments are subject to market risks

Investment Snapshot

60
Punjab Chemicals & Crop Protection Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health67/100 · Strong
ROCE 15.3% GoodROE 12.0% AverageD/E 0.51 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 39.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +14% YoY GrowingProfit (4Q): +85% YoY Strong
Industry Rank40/100 · Moderate
P/E 17.8 vs industry 25.3 In-lineROCE 15.3% vs industry 15.2% Average3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Punjab Chemicals & Crop Protection Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 17.8 vs Ind 25.3 | ROCE 15.3% | ROE 12.0% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.51x | IntCov 0.0x | Current 1.09x | Borrow/Reserve 0.32x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹39 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.01 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-27
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -3.1% | Q NP -26.3% | Q OPM +2.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-38.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.32xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.01 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,191Latest shareholder count minus previous count
Quarterly Sales Change-3.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-26.3%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+2.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:32 am

Market Cap 1,138 Cr.
Current Price 928
Intrinsic Value₹572.46
High / Low 1,666/804
Stock P/E17.8
Book Value 326
Dividend Yield0.32 %
ROCE15.3 %
ROE12.0 %
Face Value 10.0
PEG Ratio-2.79

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

View Share Price Target for Punjab Chemicals & Crop Protection Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Punjab Chemicals & Crop Protection Ltd 1,138 Cr. 928 1,666/80417.8 3260.32 %15.3 %12.0 % 10.0
Excel Industries Ltd 1,109 Cr. 882 1,440/80014.6 1,4381.56 %7.11 %5.21 % 5.00
Meghmani Organics Ltd 1,076 Cr. 42.3 106/36.426.6 60.60.00 %3.39 %0.80 % 1.00
Astec Lifesciences Ltd 1,243 Cr. 558 991/512 1860.00 %12.9 %45.3 % 10.0
3B Blackbio DX Ltd 991 Cr. 1,154 2,020/1,12017.2 3470.35 %25.8 %19.4 % 10.0
Industry Average9,472.25 Cr1,009.7725.27369.000.53%15.21%19.87%6.67

All Competitor Stocks of Punjab Chemicals & Crop Protection Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 260195281242214197242242214202320255247
Expenses 226174244207188183215217195177285229217
Operating Profit 35213835261328261926342630
OPM % 13%11%13%15%12%7%11%11%9%13%11%10%12%
Other Income 110210120-446-0
Interest 4747744545444
Depreciation 5556566677677
Profit before tax 271029251541817810282219
Tax % 25%69%26%27%27%32%26%25%28%32%25%15%26%
Net Profit 2032218112131267211914
EPS in Rs 16.362.6117.8314.789.131.9710.9610.094.955.7516.8215.1211.26

Last Updated: February 4, 2026, 12:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5145645375254936435506789331,0069349011,024
Expenses 473517497509450576507583793883821801908
Operating Profit 414741164467429614012311399116
OPM % 8%8%8%3%9%10%8%14%15%12%12%11%11%
Other Income 1521401212-2132133-36
Interest 35355031181718131218211817
Depreciation 16191716141915151719222526
Profit before tax 41414-192429226911289735479
Tax % 0%4%4%4%29%42%51%29%25%31%27%27%
Net Profit 11413-20171711498361543960
EPS in Rs 0.7811.5810.83-16.2514.0113.708.7740.0368.0649.8343.7031.7548.95
Dividend Payout % 0%0%0%0%11%11%17%5%4%6%7%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)1300.00%-7.14%-253.85%185.00%0.00%-35.29%345.45%69.39%-26.51%-11.48%-27.78%
Change in YoY Net Profit Growth (%)0.00%-1307.14%-246.70%438.85%-185.00%-35.29%380.75%-276.07%-95.89%15.03%-16.30%

Punjab Chemicals & Crop Protection Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:10%
3 Years:-1%
TTM:9%
Compounded Profit Growth
10 Years:21%
5 Years:42%
3 Years:-21%
TTM:8%
Stock Price CAGR
10 Years:21%
5 Years:14%
3 Years:-5%
1 Year:-11%
Return on Equity
10 Years:20%
5 Years:24%
3 Years:17%
Last Year:12%

Last Updated: September 5, 2025, 12:45 pm

Balance Sheet

Last Updated: December 4, 2025, 1:51 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121212121212121212121212
Reserves -46-474946627985132213268318352388
Borrowings 3653211911511179199889394123168124
Other Liabilities 164196205229165189197219238241187268169
Total Liabilities 496482457439356371394451557616640801693
Fixed Assets 242232235224177180168189212222236253259
CWIP 3746471516720121414
Investments 4001111112844
Other Assets 247243219207174184210245337372384529416
Total Assets 496482457439356371394451557616640801693

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3857105626168344534583025
Cash from Investing Activity + -1-028-5-18-20-15-9-27-38-36-31
Cash from Financing Activity + -20-72-141-61-43-4-19-26-11-20412
Net Cash Flow 17-14-8-4145110-30-27
Free Cash Flow 3154114484142917222-1-8
CFO/OP 100%126%260%401%143%111%91%61%38%76%50%36%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-324.00-274.00-150.00-135.00-73.00-24.00-57.008.0047.0029.00-10.00-69.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 514852443136324544527795
Inventory Days 10895788583759791999785151
Days Payable 947876148133103100102858075136
Cash Conversion Cycle 646454-19-1972834586986110
Working Capital Days -63-88-37-83-45-43-24324384963
ROCE %13%13%14%5%20%29%17%38%45%31%22%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%
FIIs 2.99%2.97%2.99%2.98%3.00%3.02%2.97%2.94%3.06%2.99%3.02%3.01%
DIIs 0.98%0.20%0.15%0.15%0.42%0.42%0.39%0.50%0.55%0.55%0.56%0.56%
Public 56.82%57.60%57.65%57.65%57.36%57.34%57.42%57.33%57.17%57.25%57.20%57.20%
No. of Shareholders 21,02921,94622,16821,18321,33620,68521,30221,26721,04420,20520,64119,450

Shareholding Pattern Chart

No. of Shareholders

Punjab Chemicals & Crop Protection Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 31.7543.7049.8468.0740.03
Diluted EPS (Rs.) 31.7543.7049.8468.0740.03
Cash EPS (Rs.) 52.1861.7865.3481.6752.15
Book Value[Excl.RevalReserv]/Share (Rs.) 297.48269.30228.89184.03117.89
Book Value[Incl.RevalReserv]/Share (Rs.) 297.48269.30228.89184.03117.89
Revenue From Operations / Share (Rs.) 734.52762.01820.73761.39553.16
PBDIT / Share (Rs.) 82.0794.68102.71114.7079.39
PBIT / Share (Rs.) 61.6576.6187.20101.1067.27
PBT / Share (Rs.) 43.6959.6172.5091.0356.29
Net Profit / Share (Rs.) 31.7543.7049.8468.0840.03
NP After MI And SOA / Share (Rs.) 31.7543.7049.8468.0840.03
PBDIT Margin (%) 11.1712.4212.5115.0614.35
PBIT Margin (%) 8.3910.0510.6213.2712.16
PBT Margin (%) 5.947.828.8311.9510.17
Net Profit Margin (%) 4.325.736.078.947.23
NP After MI And SOA Margin (%) 4.325.736.078.947.23
Return on Networth / Equity (%) 10.6716.2221.7736.9933.95
Return on Capital Employeed (%) 16.5923.2928.8040.2934.71
Return On Assets (%) 4.868.379.9114.9710.88
Long Term Debt / Equity (X) 0.160.150.210.240.48
Total Debt / Equity (X) 0.430.360.310.380.51
Asset Turnover Ratio (%) 1.251.491.721.811.57
Current Ratio (X) 1.511.591.481.291.09
Quick Ratio (X) 0.861.030.790.670.61
Inventory Turnover Ratio (X) 5.073.674.074.564.21
Dividend Payout Ratio (NP) (%) 9.456.866.022.933.74
Dividend Payout Ratio (CP) (%) 5.754.854.592.442.87
Earning Retention Ratio (%) 90.5593.1493.9897.0796.26
Cash Earning Retention Ratio (%) 94.2595.1595.4197.5697.13
Interest Coverage Ratio (X) 5.645.576.9811.407.23
Interest Coverage Ratio (Post Tax) (X) 3.423.574.397.764.65
Enterprise Value (Cr.) 1278.271315.071092.441862.191133.61
EV / Net Operating Revenue (X) 1.421.411.091.991.67
EV / EBITDA (X) 12.7011.338.6813.2411.65
MarketCap / Net Operating Revenue (X) 1.271.291.011.911.58
Retention Ratios (%) 90.5493.1393.9797.0696.25
Price / BV (X) 3.123.653.627.927.42
Price / Net Operating Revenue (X) 1.271.291.011.911.58
EarningsYield 0.030.040.060.040.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Punjab, 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. 898.38 Cr. and Equity Capital is Rs. 12.26 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Agro Chemicals/PesticidesMilestone 18, Ambala Kalka Road, Village & P.O Bhankharpur, Mohali Punjab 140201Contact not found
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. Kapil Kumar MehanDirector
Ms. Aruna Rajendra BhingeDirector
Ms. Tara SubramaniamDirector
Mr. Shivshankar Shripal TiwariDirector
Mr. Avtar SinghDirector
Mr. Suresh AroraDirector

FAQ

What is the intrinsic value of Punjab Chemicals & Crop Protection Ltd and is it undervalued?

As of 05 April 2026, Punjab Chemicals & Crop Protection Ltd's intrinsic value is ₹572.46, which is 38.31% lower than the current market price of ₹928.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.0 %), book value (₹326), dividend yield (0.32 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Punjab Chemicals & Crop Protection Ltd?

Punjab Chemicals & Crop Protection Ltd is trading at ₹928.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,666 and low of ₹804. The stock is currently near its 52-week low. Market cap stands at ₹1,138 Cr..

How does Punjab Chemicals & Crop Protection Ltd's P/E ratio compare to its industry?

Punjab Chemicals & Crop Protection Ltd has a P/E ratio of 17.8, which is below the industry average of 25.27. This is broadly in line with or below the industry average.

Is Punjab Chemicals & Crop Protection Ltd financially healthy?

Key indicators for Punjab Chemicals & Crop Protection Ltd: ROCE of 15.3 % indicates efficient capital utilization. Dividend yield is 0.32 %.

Is Punjab Chemicals & Crop Protection Ltd profitable and how is the profit trend?

Punjab Chemicals & Crop Protection Ltd reported a net profit of ₹39 Cr in Mar 2025 on revenue of ₹901 Cr. Compared to ₹83 Cr in Mar 2022, the net profit shows a declining trend.

Does Punjab Chemicals & Crop Protection Ltd pay dividends?

Punjab Chemicals & Crop Protection Ltd has a dividend yield of 0.32 % at the current price of ₹928.00. The company pays dividends, though the yield is modest.

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 Punjab Chemicals & Crop Protection 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
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