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

Fundamental Analysis of Punjab Chemicals & Crop Protection Ltd

About the Company - Punjab Chemicals & Crop Protection Ltd

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, 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
Mr. Vijay Dilbagh RaiDirector
Mr. Sheo Prasad SinghDirector
Mr. Shivshankar Shripal TiwariDirector
Mr. Avtar SinghDirector
Capt.(Retd.) Surjit Singh ChopraDirector
Mrs. Aruna R BhingeDirector

Punjab Chemicals and Crop Protection Ltd. Share Price Update

Share PriceValue
Today₹1,002.25
Previous Day₹983.15

Basic Stock Data of Punjab Chemicals & Crop Protection Ltd

Market Cap 1,316 Cr.
Current Price 1,073
High / Low1,392/722
Stock P/E24.2
Book Value 258
Dividend Yield0.28 %
ROCE30.9 %
ROE24.2 %
Face Value 10.0

Data Source: screener.in

Competitors of Punjab Chemicals & Crop Protection Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sumitomo Chemical India Ltd 19,077 Cr. 382467/37057.3 50.60.31 %30.2 %23.4 % 10.0
UPL Ltd 36,937 Cr. 492760/452 3852.02 %14.3 %13.4 % 2.00
Aimco Pesticides Ltd 108 Cr. 113145/97.0 41.90.89 %0.66 %4.51 % 10.0
Meghmani Organics Ltd 2,515 Cr. 98.9104/71.7 62.31.37 %16.1 %14.2 % 1.00
Phyto Chem (India) Ltd 17.4 Cr. 40.555.6/25.8 20.20.00 %7.55 %1.90 % 10.0
Industry Average11,730.88 Cr225.2811.46112.000.92%13.76%11.48%6.60

Punjab Chemicals & Crop Protection Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales172210211209255259272279260195281242214
Expenses145186174178218224237248226174244207188
Operating Profit27233731373435313521383626
OPM %16%11%17%15%14%13%13%11%13%11%13%15%12%
Other Income0010000211011
Interest3223343447477
Depreciation4444445555565
Profit before tax21173224302628242710292515
Tax %26%39%24%26%26%26%27%27%25%69%26%27%27%
Net Profit1610241822192018203221811
EPS in Rs12.748.5519.8114.6317.8415.7816.5214.3416.362.6117.8314.789.13

Punjab Chemicals & Crop Protection Ltd Quarterly Chart

Punjab Chemicals & Crop Protection Ltd Profit & Loss

MonthSep 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0042455145645375254936435506789331,006979
Expenses903242473517497509450576507583793883850
Operating Profit10144147411644674296140123129
OPM %10%1%8%8%8%3%9%10%8%14%15%12%13%
Other Income-21111521401212-2132133
Interest94193535503118171813121821
Depreciation8581619171614191515171920
Profit before tax-100-1341414-19242922691128991
Tax %-8%0%0%4%4%-4%29%42%51%29%25%31%
Net Profit-107-1311413-2017171149836163
EPS in Rs-87.36-10.300.7811.5810.83-16.2514.0113.708.7740.0368.0649.8351.58
Dividend Payout %0%0%0%0%0%0%11%11%17%5%4%6%

Punjab Chemicals & Crop Protection Ltd Profit & Loss Yearly Chart

Punjab Chemicals & Crop Protection Ltd Growth

Compounded Sales Growth
10 Years:15%
5 Years:15%
3 Years:22%
TTM:-13%
Compounded Profit Growth
10 Years:17%
5 Years:30%
3 Years:104%
TTM:-30%
Stock Price CAGR
10 Years:33%
5 Years:10%
3 Years:7%
1 Year:20%
Return on Equity
10 Years:%
5 Years:30%
3 Years:35%
Last Year:24%

Punjab Chemicals & Crop Protection Ltd Balance Sheet

MonthSep 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212121212
Reserves-39-50-46-474946627985132213268305
Borrowings3823563653211911511179199889394102
Other Liabilities171163164196205229165189197219238241239
Total Liabilities526482496482457439356371394451557616658
Fixed Assets249258242232235224177180168189212222240
CWIP241037464715167205
Investments7640011111128
Other Assets247207247243219207174184210245337372405
Total Assets526482496482457439356371394451557616658

Punjab Chemicals & Crop Protection Ltd Reserves and Borrowings Chart

Punjab Chemicals & Crop Protection Ltd Cash Flow

MonthSep 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 18723385710562616834433458
Cash from Investing Activity -72-3-1-028-5-18-20-15-9-27-38
Cash from Financing Activity -86-54-20-72-141-61-43-4-19-24-11-20
Net Cash Flow29-3417-14-8-4145110-30

Punjab Chemicals & Crop Protection Ltd Financial Efficiency Indicators

MonthSep 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2810451485244313632454452
Inventory Days47186108957885837597919997
Days Payable733089478761481331031001028580
Cash Conversion Cycle3-18646454-19-19728345869
Working Capital Days-17-6110-24-3-48-628133849
ROCE %3%13%13%14%5%20%29%17%38%45%31%

Punjab Chemicals & Crop Protection Ltd Financial Efficiency Indicators Chart

Punjab Chemicals & Crop Protection Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%
FIIs2.94%2.94%3.04%3.00%2.99%2.99%3.05%2.99%2.99%2.97%2.99%2.98%
DIIs0.02%0.34%0.52%0.91%1.07%0.75%0.80%1.02%0.98%0.20%0.15%0.15%
Government1.00%1.00%1.00%1.00%1.00%1.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public56.83%56.50%56.23%55.88%55.73%56.04%56.94%56.79%56.82%57.60%57.65%57.65%
No. of Shareholders14,45115,32719,39919,38319,41919,96220,50421,23921,02921,94622,16821,183

Punjab Chemicals & Crop Protection Ltd Shareholding Pattern Chart

No. of Punjab Chemicals & Crop Protection Ltd Shareholders

This stock is not held by any mutual fund

Punjab Chemicals & Crop Protection Ltd ROCE Trend

Punjab Chemicals & Crop Protection Ltd EPS Trend

Punjab Chemicals & Crop Protection Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)49.8468.0740.038.7713.70
Diluted EPS (Rs.)49.8468.0740.038.7713.70
Cash EPS (Rs.)65.3481.6752.1521.2928.87
Book Value[Excl.RevalReserv]/Share (Rs.)228.89184.03117.8979.7374.11
Book Value[Incl.RevalReserv]/Share (Rs.)228.89184.03117.8979.7374.11
Revenue From Operations / Share (Rs.)820.73761.39553.16448.25524.42
PBDIT / Share (Rs.)102.71114.7079.3945.3359.54
PBIT / Share (Rs.)87.20101.1067.2732.8144.37
PBT / Share (Rs.)72.5091.0356.2918.0123.46
Net Profit / Share (Rs.)49.8468.0840.038.7713.70
NP After MI And SOA / Share (Rs.)49.8468.0840.038.7713.70
PBDIT Margin (%)12.5115.0614.3510.1111.35
PBIT Margin (%)10.6213.2712.167.318.46
PBT Margin (%)8.8311.9510.174.014.47
Net Profit Margin (%)6.078.947.231.952.61
NP After MI And SOA Margin (%)6.078.947.231.952.61
Return on Networth / Equity (%)21.7736.9933.9510.9918.48
Return on Capital Employeed (%)28.8040.2934.7124.1342.48
Return On Assets (%)9.9114.9710.882.724.52
Long Term Debt / Equity (X)0.210.240.480.400.12
Total Debt / Equity (X)0.310.380.510.900.99
Asset Turnover Ratio (%)1.681.811.571.401.73
Current Ratio (X)1.481.291.090.860.70
Quick Ratio (X)0.790.670.610.480.36
Inventory Turnover Ratio (X)4.074.564.213.815.35
Dividend Payout Ratio (NP) (%)6.022.933.7417.110.00
Dividend Payout Ratio (CP) (%)4.592.442.877.040.00
Earning Retention Ratio (%)93.9897.0796.2682.890.00
Cash Earning Retention Ratio (%)95.4197.5697.1392.960.00
Interest Coverage Ratio (X)6.9811.407.233.064.23
Interest Coverage Ratio (Post Tax) (X)4.397.764.651.592.46
Enterprise Value (Cr.)1092.441862.191133.61452.95934.86
EV / Net Operating Revenue (X)1.091.991.670.821.45
EV / EBITDA (X)8.6813.2411.658.1512.81
MarketCap / Net Operating Revenue (X)1.011.911.580.671.32
Retention Ratios (%)93.9797.0696.2582.880.00
Price / BV (X)3.627.927.423.789.33
Price / Net Operating Revenue (X)1.011.911.580.671.32
EarningsYield0.060.040.040.020.01

Punjab Chemicals & Crop Protection Ltd Profitability Ratios (%)

Punjab Chemicals & Crop Protection Ltd Liquidity Ratios

Punjab Chemicals & Crop Protection Ltd Liquidity Ratios (%)

Punjab Chemicals & Crop Protection Ltd Interest Coverage Ratios (X)

Punjab Chemicals & Crop Protection Ltd Valuation Ratios

Fair Value / Intrinsic Value of Punjab Chemicals & Crop Protection Ltd

Fair Value: ₹1515.18

The stock is undervalued by 41.21% compared to the current price ₹1073

*Investments are subject to market risks

Strength and Weakness of Aimco Pesticides Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 19.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -3.25, which is a positive sign.
  3. The company has shown consistent growth in sales (512.54 cr) and profit (25.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 66.55 and average Dividend Yield of 10.36%.
  2. The stock has a high average Cash Conversion Cycle of 27.08, which may not be favorable.
  3. The company has higher borrowings (188.46) compared to reserves (81.31), which may suggest financial risk.

Should I Buy Punjab Chemicals & Crop Protection Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Punjab Chemicals & Crop Protection Ltd:
    1. Net Profit Margin: 6.07%
      • 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: 28.80% (Industry Average ROCE: 15.57%)
      • 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): 4.39
      • 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: 0.79
      • 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: 24.2 (Industry average Stock P/E: 11.92)
      • 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: 0.31
      • 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 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