Is PCBL Chemical a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PCBL Chemical Ltd is a good quality company .

Is PCBL Chemical undervalued or overvalued?

The key valuation ratios of PCBL Chemical Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is PCBL Chemical share price return in the past 10 years?

PCBL Chemical Ltd share price has appreciated 42.6% annually (CAGR) over the past ten years.

Is PCBL Chemical a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of PCBL Chemical Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

PCBL Chemical Ltd - Stock Valuation and Financial Performance

Name: PCBL Chemical
Brand: PCBL Chemical

BSE: 506590 | NSE: PCBL | Carbon Black | Small Cap

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PCBL Chemical Share Price

₹459.35 -5.65 -1.22%
as on 23-Dec'24 16:01

10 Year X-Ray of PCBL Chemical:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	6.6%	6.4%	11%	17.4%	25.4%	16.7%	17.5%	19.3%	18.8%	17.5%	-
Value Creation Index ⓘ	-0.5	-0.6	-0.2	0.2	0.8	0.2	0.3	0.4	0.3	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,470	1,894	1,927	2,558	3,529	3,244	2,660	4,446	5,874	5,674	6,006
Sales YoY Gr.	-	-23.3%	1.7%	32.8%	38%	-8.1%	-18%	67.2%	32.1%	-3.4%	-
Adj EPS ⓘ	0.6	0.1	1.8	7	11.2	8.2	8.9	10.9	11.5	13.4	14
YoY Gr.	-	-85.5%	2187.5%	280.9%	61.1%	-26.8%	8.8%	22%	5%	17.1%	-
BVPS (₹) ⓘ	14.8	30.1	32.7	39.8	47.8	49.1	55.9	69	74.7	86.9	101.9
Adj Net Profit ⓘ	18.9	2.7	63	240	387	283	308	412	433	506	528
Cash Flow from Ops. ⓘ	-6.5	422	347	261	290	534	385	321	722	972	-
Debt/CF from Ops. ⓘ	-187.3	2.4	2.2	2.8	2.7	1.2	1.6	2.1	1	3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.7%	10%	28.7%	-3.4%
Adj EPS ⓘ	42.6%	3.6%	14.5%	17.1%
BVPSⓘ	21.7%	12.7%	15.8%	16.3%
Share Price	42.6%	51.9%	60%	83.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.7	0.3	5.8	19.2	25.6	17	17	18.2	16	16.6	14.8
Op. Profit Mgn % ⓘ	6.5	7.7	12.9	15.5	17.6	14.2	19.3	14	12.3	16.4	17.7
Net Profit Mgn % ⓘ	0.8	0.1	3.3	9.4	11	8.7	11.6	9.3	7.4	8.9	8.8
Debt to Equity ⓘ	2.4	1	0.7	0.5	0.5	0.4	0.3	0.3	0.3	0.9	0.6
Working Cap Days ⓘ	157	174	159	146	142	173	223	172	149	170	62
Cash Conv. Cycle ⓘ	69	83	39	36	42	52	55	46	36	18	-3

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.74%

Net Profit is growing at healthy rate in last 3 years 14.50%

Return on Equity has declined versus last 3 years average to 14.80%

Sales growth is not so good in last 4 quarters at 8.75%

Latest Financials - PCBL Chemical Ltd.

	Standalone	Consolidated
TTM EPS (₹)	14	13.3
TTM Sales (₹ Cr.)	6,006	7,892
BVPS (₹.) ⓘ	101.9	101
Reserves (₹ Cr.) ⓘ	3,809	3,776
P/BV ⓘ	4.56	4.60
PE ⓘ	33.23	35.07

From the Market
52 Week Low / High (₹)	208.80 / 584.50
All Time Low / High (₹)	0.56 / 584.50
Market Cap (₹ Cr.)	17,552
Equity (₹ Cr.)	37.8
Face Value (₹)	1
Industry PE ⓘ	32.7

Management X-Ray of PCBL Chemical:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of PCBL Chemical

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of PCBL Chemical

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,470	1,894	1,927	2,558	3,529	3,244	2,660	4,446	5,874	5,674
Operating Expenses ⓘ	2,318	1,749	1,687	2,179	2,908	2,783	2,153	3,822	5,154	4,746
Manufacturing Costs	98	112	127	164	190	155	156	187	188	208
Material Costs	1,943	1,345	1,237	1,670	2,297	2,190	1,609	3,134	4,447	3,945
Employee Cost	70	73	82	97	111	134	132	159	190	205
Other Costs ⓘ	208	221	242	248	310	304	256	343	328	388
Operating Profit ⓘ	152	145	240	379	621	460	507	624	720	928
Operating Profit Margin (%)	6.2%	7.6%	12.5%	14.8%	17.6%	14.2%	19.1%	14.0%	12.3%	16.4%
Other Income ⓘ	14	38	38	27	21	29	27	58	55	70
Interest ⓘ	95	72	51	41	37	46	34	29	53	126
Depreciation ⓘ	58	62	61	61	66	92	110	121	137	151
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	14	48	166	304	539	351	390	532	585	721
Tax ⓘ	2	31	96	74	150	67	78	105	141	188
Profit After Tax	13	17	70	230	389	283	312	427	444	533
PAT Margin (%)	0.5%	0.9%	3.6%	9.0%	11.0%	8.7%	11.7%	9.6%	7.6%	9.4%
Adjusted EPS (₹)	0.4	0.5	2.0	6.7	11.3	8.2	9.1	11.3	11.8	14.1
Dividend Payout Ratio (%)	27%	51%	30%	18%	16%	43%	39%	44%	47%	39%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	510	1,038	1,126	1,372	1,648	1,692	1,927	2,605	2,820	3,279
Share Capital ⓘ	34	34	34	34	34	34	34	38	38	38
Reserves ⓘ	476	1,004	1,091	1,338	1,614	1,657	1,893	2,567	2,782	3,241
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,103	910	738	687	726	545	562	595	624	2,566
Long Term Debt	327	204	190	164	274	215	305	220	204	2,266
Short Term Debt	776	705	548	523	452	330	257	375	420	300
Trade Payables	147	269	414	402	508	419	592	911	950	1,436
Others Liabilities ⓘ	319	488	452	630	853	1,058	1,115	1,238	1,264	1,729
Total Liabilities ⓘ	2,080	2,705	2,731	3,091	3,735	3,713	4,195	5,349	5,657	9,010
Fixed Assets
Gross Block	1,291	1,478	1,506	1,575	1,742	1,973	2,160	2,470	2,638	2,955
Accumulated Depreciation	471	62	123	180	246	338	448	567	703	853
Net Fixed Assetsⓘ	820	1,416	1,383	1,395	1,496	1,635	1,712	1,903	1,934	2,102
CWIP ⓘ	73	73	74	67	175	306	267	129	285	163
Investmentsⓘ	72	249	309	337	384	177	220	783	1,005	3,675
Inventories	297	244	244	310	460	326	445	604	486	563
Trade Receivables	521	438	466	522	653	588	709	1,105	1,108	1,287
Cash Equivalents	11	51	24	134	76	111	219	109	42	169
Others Assetsⓘ	284	234	232	327	491	570	624	716	796	1,051
Total Assets ⓘ	2,080	2,705	2,731	3,091	3,735	3,713	4,195	5,349	5,657	9,010

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-7	422	347	261	290	534	385	321	722	972
PBT ⓘ	14	48	166	304	539	351	390	532	585	721
Adjustment ⓘ	155	113	107	161	105	125	124	126	159	243
Changes in Working Capital ⓘ	-175	272	108	-136	-226	123	-63	-234	144	219
Tax Paid ⓘ	-1	-11	-34	-68	-128	-66	-66	-104	-166	-210
Cash Flow From Investing Activity ⓘ	-26	-121	-36	-40	-279	-110	-200	-548	-508	-2,665
Capex	-33	-34	-41	-100	-232	-231	-114	-170	-289	-177
Net Investments	0	-97	1	57	-52	115	-91	-191	318	-2,188
Others ⓘ	8	9	4	3	5	5	5	-187	-537	-300
Cash Flow From Financing Activityⓘ	34	-262	-337	-110	-70	-389	-180	217	-281	1,819
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	390	0	0
Net Proceeds from Borrowing ⓘ	-25	-116	-107	-15	143	-68	79	-41	-36	2,295
Interest Paid ⓘ	-94	-72	-50	-31	-47	-31	-36	-33	-53	-117
Dividend Paid ⓘ	0	-3	-41	-29	-113	-145	-121	-189	-208	-208
Others ⓘ	153	-70	-139	-34	-53	-145	-102	89	16	-151
Net Cash Flow ⓘ	1	39	-26	111	-59	34	6	-10	-67	126

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	2.5	2.18	6.42	18.4	25.73	16.98	17.26	18.85	16.37	17.49
ROCE (%)	6.58	6.36	11	17.38	25.41	16.7	17.52	19.28	18.77	17.54
Asset Turnover Ratio	1.26	0.88	0.78	0.9	1.03	0.87	0.67	0.93	1.07	0.77
PAT to CFO Conversion(x)	-0.54	24.82	4.96	1.13	0.75	1.89	1.23	0.75	1.63	1.82
Working Capital Days
Receivable Days	70	83	77	69	61	70	89	74	69	77
Inventory Days	49	47	42	39	40	44	53	43	34	34
Payable Days	56	57	101	89	72	77	115	88	76	110

PCBL Chemical Ltd Stock News

PCBL Chemical Ltd FAQs

What is the share price of PCBL Chemical?

Company share prices are keep on changing according to the market conditions. The closing price of PCBL Chemical on 23-Dec-2024 16:01 is ₹459.4.

What is the market cap of PCBL Chemical?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Dec-2024 16:01 the market cap of PCBL Chemical stood at ₹17,552.

What is the P/E ratio of PCBL Chemical?

The latest P/E ratio of PCBL Chemical as of 23-Dec-2024 16:01 is 33.23.

What is the P/B ratio of PCBL Chemical?

The latest P/B ratio of PCBL Chemical as of 23-Dec-2024 16:01 is 4.56.

What is the 52-week high and low of PCBL Chemical?

The 52-week high of PCBL Chemical is ₹584.5 and the 52-week low is ₹208.8.

What is the TTM revenue of PCBL Chemical?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PCBL Chemical is ₹6,006 ( Cr.) .

About PCBL Chemical Ltd

Phillips Carbon Black Limited (PCBL), a part of RP-Sanjiv Goenka Group, was set up by Mr. K. P. Goenka in 1960, with the core objective of substitution of the import of carbon black. The company started production at Durgapur with a production capacity of 14,000 MT per annum. As PCBL celebrated its diamond jubilee in 2020, it has been playing a pioneering role in the carbon black industry for many years.

Today, PCBL is the largest carbon black manufacturer in India and a strong global player with a significant customer base in various countries. Apart from four strategically located state-of-the-art plants at Durgapur (West Bengal), Palej (Gujarat), Mundra (Gujarat) and Kochi (Kerala), it has also set up R&D centres at Palej (Gujarat) and Belgium.

Business area of the company

The Company is primarily engaged in the business of manufacturing & sale of carbon black and sale of power

Products

Rubber Black
Specialty Black
Product Stewardship
Safety Data Sheet (SDS)
Power

Awards

AIRIA

Top Export Award 2016-2017- Raw Material Sector
Top Export Award 2015-2016- Raw Material Sector
Top Export Award 2014-2015- Raw Material Sector
Top Export Award 2013-2014- Raw Material Sector
Top Export Award 2011-2012- Raw Material Sector
Special Export Award 2010-2011- Raw Material Sector

CHEMEXCIL

Award of Excellence for 2012-2013- Large scale sector - Chemicals Panel
Second Award for 2011-2012- Large scale sector - Chemicals Panel
TRISHUL Award for 2010-2011- Large scale sector - Chemicals Panel

FIEO

Silver Award 2012-2013- Trading House - Non MSME Category

Kerala State Government

Award by Kerala state Government for PCBL Kochi in 2011- Best Environment Management Company
Award - First Position (Medium Category Industries) for PCBL Kochi in 2010- Outstanding Performance in Industrial Safety
Best Environmental Practices For Substantial and Sustained Efforts in Pollution Control for PCBL Kochi in 2004- Large Corporate Category
Greentech Foundation, Ministry of Corporate Affairs
Greentech HR Award for Technology Excellence in HR, and Silver Trophy for Best IR strategy for PCBL Palej in 2013 in Platinum Category
Greentech Environment Award for PCBL Palej in 2012 in Gold Category
Greentech Environment Award 2011 for PCBL Kochi in 2011

Others

Business Leader of the Year (Company of the Year) - 2020 - ET Now Awards
Business Leader of the Year (Kaushik Roy, MD - PCBL) - 2020- ET Bengal Corporate Awards
Great Manager Award, an initiative of People Business in Partnership with Times of India - 2018- Great Manager Award
Great Manager Award, an initiative of People Business in Partnership with Times of India - 2016- Great Manager Award
Bluedart Global Csr-Excellence & Leadership for Kochi in 2013
Golden Peacock Awards-EMS Award for PCBL Kochi in 2012
SAP Ace Award (Best Chemicals Sector Implementation) for PCBL in 2007

Milestone

1960: Incorporated as a Public Limited Company in collaboration with Phillips Petroleum Company, USA.
1962: Started production with the most widely accepted manufacturing process of carbon black with an installed capacity of 14,000 MTPA at Durgapur on June 5.
1974: Durgapur capacity enhanced to 36,000 MTPA.
1988: Entered into a technical collaboration with Columbian Chemicals Company USA.
1988: Initiated a 4 MW per hour co-generation power plant at Durgapur.
1995: Durgapur plant capacity enhanced to 78,000 MT.
1996: Acquisition of Carbon Black unit of Gujarat Carbon Ltd at Palej, adding 25,000 MTPA.
1998: Durgapur plant capacity increased to 1,10,000 MTPA.
1998: Acquisition of Carbon and Chemicals India Ltd (CACIL), in Kochi and production capacity enhanced to 36,000 MTPA.
1998: Capacity addition of 2.5 MW per hour power plant at Kochi.
2003: Durgapur plant capacity further increased to 1,35,000 MTPA
2004: ISO 14001:1996 (1st edition) certification of PCBL-Kochi.
2004: Expansion of Palej plant capacity by 70,000 MTPA.
2004: Kochi Hard Black Line modernized and capacity enhanced to 40,000 MTPA.
2005: Expansion of power plant at Palej, Bharuch to 12 MW per hour.
2006: Palej plant awarded Carbon Credit (CERs) in May, which is the first unit in the Carbon Black Industry to get the same.
2009: Expansion of power plant at Durgapur to 30 MW per hour, replacing the old power plant of capacity 4 MW per hour.
2009: Expansion of Green field plant capacity at Mundra to 90,000 MT.
2010: Golden Jubilee Year for PCBL
2010: Expansion of co-generation power plant at Mundra, Gujarat to 16 MW per hour.
2010: ISO 9001:2008 (2nd edition) certification of PCBL-Mundra.
2011: Expansion of co-generation power plant at Kochi, Kerala to 10 MW per hour.
2011: New Soft Black Line of capacity 50,000 MTPA initiated at Mundra.
2011: ISO 9001:2008 (2nd edition) certification of PCBL-Palej.
2012: Expansion of co-generation power plant at Mundra, Gujarat to 6 MW per hour.
2012: Capacity addition of 12,000 MTPA Carbon Black plant at Durgapur
2013: New Soft Black Line of capacity 50,000 MTPA commissioned at Kochi.
2013: ISO 14001:2004 (2nd edition) certification of PCBL-Mundra.
2014: OSHAS 18001 certification.
2014: OSHAS 18001:2007 (2nd edition) certification of PCBL-Kochi, PCBL-Mundra & PCBL-Palej.
2015: ISO 14001:2015 (3rd edition) certification of PCBL-Durgapur.
2016: ISO 9001:2015 (3rd edition) certification of PCBL-Durgapur.
2017: ISO 9001:2015 (3rd edition) certification of PCBL-Kochi.
2017: FY’17 witnessed the highest ever quarterly and annual PBT in PCBL’s history.
2017: PCBL-Palej Laboratory accredited with ISO/IEC 17025:2005 (2nd edition).
2018: FY'18 witnessed the highest ever annual EBITDA and PAT (profit after tax) in company's history.
2018: ISO 9001:2015 (3rd edition) certification of PCBL-Mundra & PCBL-Palej.
2018: ISO 14001:2015 (3rd edition) certification of PCBL-Mundra, PCBL-Kochi & PCBL-Palej.
2018: Commissioned the state-of-the-art Sushila Goenka R&D Centre, at PCBL Palej Plant.
2018: Developed customised ASTM carbon black grades for major tyre customers.
2018: Obtained the 'Patent Grant Certificate' for two PCBL invention.
2019: State-of-the-art Sushila Goenka Research and Development Centre at Palej, Gujarat, resulting in the introduction of new value-added products.
2019: Received D- for climate change in the CDP Supplier Engagement Project in 2019.
2019: Environment clearance obtained for carbon black expansion and 8 MW per hour Green Power plant at Palej. Commissioning is expected in FY 2020-21.
2019: Water treatment plant of capacity 1850 KLD with state-of-the-art technology commissioned at Mundra.
2019: Environment clearance obtained for carbon black expansion and 7 MW per hour Green Power plant at Kochi. Commissioning is expected in FY 2021-22.
2019: Produced new customized grades.
2020: Sushila Goenka Innovation Centre at Belgium has since become operational.
2020: Corporate Governance Rating of CGR2+, reflecting best practices of corporate governance.
2020: Transformation from OHSAS 18001:2007 to the corresponding International Standard ISO45001:2018 (1st Edition) for PCBL Mundra.
2020: 'WASH' (Work Place Assessment For Safety & Hygiene) certification linked with COVID-19 for PCBL Kochi, Mundra, Durgapur and Palej units.