Past 10 year's financial track record analysis by Moneyworks4me indicates that Paushak Ltd is a good quality company.
The key valuation ratios of Paushak Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Paushak Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 34.9% | 26.3% | 18.6% | 29.4% | 33.7% | 22.5% | 20.7% | 17.4% | 22% | 18.7% | - |
| Value Creation Index ⓘ | 1.5 | 0.9 | 0.3 | 1.1 | 1.4 | 0.6 | 0.5 | 0.3 | 0.6 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 69 | 77.9 | 66.7 | 103 | 140 | 138 | 141 | 150 | 212 | 206 | 215 |
| Sales YoY Gr. | - | 12.9% | -14.4% | 55.2% | 34.9% | -1.2% | 2.2% | 6.5% | 41.5% | -2.9% | - |
| Adj EPS ⓘ | 40.5 | 38.5 | 24.1 | 64 | 99.4 | 104.8 | 116.4 | 118.3 | 163.6 | 157.9 | 183 |
| YoY Gr. | - | -4.8% | -37.4% | 165.3% | 55.3% | 5.4% | 11.1% | 1.6% | 38.4% | -3.5% | - |
| BVPS (₹) ⓘ | 179 | 214.1 | 258.9 | 352.8 | 576.1 | 737.3 | 881.4 | 991.4 | 1,147.6 | 1,324.2 | 1,417.1 |
| Adj Net Profit ⓘ | 13 | 12.4 | 7.7 | 20.5 | 30.6 | 32.3 | 35.9 | 36.5 | 50.4 | 48.7 | 56 |
| Cash Flow from Ops. ⓘ | 8.7 | 13.5 | 12.4 | 10.5 | 23.5 | 45.4 | 29.8 | 44 | 42.7 | 56 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.9% | 8.1% | 13.5% | -2.9% | ||||
| Adj EPS ⓘ | 16.3% | 9.7% | 10.7% | -3.5% | ||||
| BVPSⓘ | 24.9% | 18.1% | 14.5% | 15.4% | ||||
| Share Price | 32.4% | 15.6% | -20.8% | -15.5% | ||||
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 % ⓘ | 25.2 | 19.6 | 10.2 | 20.9 | 21.1 | 16 | 14.4 | 12.6 | 15.3 | 12.8 | 13.4 |
| Op. Profit Mgn % ⓘ | 25.3 | 21.5 | 18.6 | 28.4 | 28.8 | 31.1 | 35.8 | 36.2 | 35.5 | 31.4 | 31.1 |
| Net Profit Mgn % ⓘ | 18.8 | 15.9 | 11.6 | 19.8 | 22 | 23.4 | 25.5 | 24.3 | 23.8 | 23.6 | 26.2 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 159 | 132 | 142 | 137 | 139 | 135 | 134 | 140 | 118 | 135 | 159 |
| Cash Conv. Cycle ⓘ | 83 | 83 | 95 | 77 | 80 | 75 | 62 | 72 | 70 | 91 | 133 |
Sales growth is growing at healthy rate in last 3 years 13.52%
Net Profit is growing at healthy rate in last 3 years 10.69%
Return on Equity has declined versus last 3 years average to 13.40%
Sales growth is not so good in last 4 quarters at 1.36%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 183 | - |
| TTM Sales (₹ Cr.) | 215 | - |
| BVPS (₹.) ⓘ | 1,417.1 | - |
| Reserves (₹ Cr.) ⓘ | 434 | - |
| P/BV ⓘ | 3.55 | - |
| PE ⓘ | 27.52 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 4464.00 / 6399.00 |
| All Time Low / High (₹) | 22.00 / 12400.00 |
| Market Cap (₹ Cr.) | 1,552 |
| Equity (₹ Cr.) | 3.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 69 | 78 | 67 | 103 | 140 | 138 | 141 | 150 | 212 | 206 |
| Operating Expenses ⓘ | 52 | 61 | 55 | 74 | 99 | 95 | 91 | 96 | 137 | 142 |
| Manufacturing Costs | 13 | 17 | 11 | 15 | 18 | 22 | 22 | 31 | 48 | 46 |
| Material Costs | 27 | 28 | 25 | 37 | 54 | 45 | 34 | 30 | 46 | 45 |
| Employee Cost | 7 | 9 | 12 | 14 | 18 | 18 | 20 | 22 | 27 | 30 |
| Other Costs ⓘ | 5 | 6 | 7 | 8 | 9 | 10 | 15 | 13 | 17 | 20 |
| Operating Profit ⓘ | 17 | 17 | 12 | 29 | 40 | 43 | 50 | 54 | 75 | 64 |
| Operating Profit Margin (%) | 25.3% | 21.5% | 18.2% | 28.4% | 28.8% | 31.0% | 35.8% | 36.1% | 35.4% | 31.3% |
| Other Income ⓘ | 3 | 3 | 5 | 3 | 3 | 5 | 6 | 5 | 9 | 20 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 9 | 13 | 14 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 10 | 2 | 0 | 0 | 2 | 0 |
| Profit Before Tax ⓘ | 18 | 17 | 14 | 29 | 49 | 45 | 52 | 50 | 72 | 71 |
| Tax ⓘ | 5 | 4 | 3 | 7 | 10 | 10 | 14 | 13 | 18 | 17 |
| Profit After Tax | 13 | 12 | 11 | 21 | 39 | 35 | 37 | 38 | 54 | 54 |
| PAT Margin (%) | 18.8% | 15.9% | 16.4% | 20.8% | 27.9% | 25.3% | 26.5% | 25.1% | 25.4% | 26.4% |
| Adjusted EPS (₹) | 40.5 | 38.7 | 34.1 | 67.0 | 126.4 | 113.3 | 121.0 | 122.0 | 175.2 | 176.4 |
| Dividend Payout Ratio (%) | 7% | 8% | 9% | 4% | 4% | 5% | 5% | 10% | 10% | 11% |
| 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 | 57 | 69 | 83 | 113 | 178 | 227 | 272 | 306 | 354 | 408 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | 54 | 65 | 80 | 110 | 174 | 224 | 269 | 302 | 351 | 405 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 7 | 8 | 5 | 17 | 11 | 14 | 11 | 18 | 15 | 16 |
| Others Liabilities ⓘ | 4 | 5 | 6 | 13 | 26 | 29 | 46 | 42 | 46 | 57 |
| Total Liabilities ⓘ | 69 | 82 | 94 | 144 | 214 | 270 | 329 | 367 | 415 | 481 |
Fixed Assets | ||||||||||
| Gross Block | 37 | 41 | 38 | 43 | 48 | 55 | 71 | 175 | 190 | 206 |
| Accumulated Depreciation | 19 | 21 | 3 | 7 | 10 | 15 | 20 | 28 | 41 | 54 |
| Net Fixed Assetsⓘ | 18 | 20 | 35 | 37 | 38 | 41 | 51 | 147 | 149 | 152 |
| CWIP ⓘ | 1 | 12 | 0 | 1 | 6 | 16 | 68 | 8 | 7 | 29 |
| Investmentsⓘ | 19 | 18 | 33 | 53 | 116 | 163 | 154 | 151 | 182 | 223 |
| Inventories | 7 | 9 | 9 | 12 | 18 | 16 | 14 | 19 | 23 | 22 |
| Trade Receivables | 22 | 21 | 16 | 39 | 32 | 26 | 33 | 40 | 52 | 51 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 |
| Others Assetsⓘ | 1 | 1 | 0 | 2 | 3 | 6 | 8 | 2 | 2 | 4 |
| Total Assets ⓘ | 69 | 82 | 94 | 144 | 214 | 270 | 329 | 367 | 415 | 481 |
| 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 ⓘ | 9 | 14 | 12 | 10 | 24 | 45 | 30 | 44 | 43 | 56 |
| PBT ⓘ | 18 | 17 | 14 | 29 | 49 | 45 | 52 | 50 | 72 | 71 |
| Adjustment ⓘ | 0 | 0 | -2 | 1 | -9 | -3 | -1 | 4 | 3 | -6 |
| Changes in Working Capital ⓘ | -4 | 1 | 2 | -13 | -6 | 11 | -8 | -1 | -20 | 4 |
| Tax Paid ⓘ | -5 | -4 | -2 | -6 | -11 | -9 | -13 | -9 | -13 | -13 |
| Cash Flow From Investing Activity ⓘ | -8 | -13 | -11 | -10 | 0 | -43 | -29 | -42 | -38 | -50 |
| Capex | -8 | -17 | -6 | -6 | -10 | -19 | -56 | -48 | -15 | -39 |
| Net Investments | 0 | 3 | -6 | -5 | 10 | -28 | 25 | 3 | -28 | -16 |
| Others ⓘ | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 3 | 4 | 4 |
| Cash Flow From Financing Activityⓘ | -1 | -1 | -2 | -1 | -23 | -2 | -2 | -2 | -4 | -5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -1 | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -4 | -5 |
| Others ⓘ | 0 | 0 | -1 | 0 | -22 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 25.21 | 19.7 | 14.43 | 21.89 | 26.8 | 17.25 | 14.95 | 13.03 | 16.38 | 14.27 |
| ROCE (%) | 34.89 | 26.29 | 18.63 | 29.44 | 33.73 | 22.45 | 20.7 | 17.44 | 22 | 18.68 |
| Asset Turnover Ratio | 1.11 | 1.11 | 0.82 | 0.88 | 0.78 | 0.57 | 0.47 | 0.43 | 0.54 | 0.46 |
| PAT to CFO Conversion(x) | 0.69 | 1.17 | 1.09 | 0.48 | 0.62 | 1.29 | 0.81 | 1.16 | 0.8 | 1.04 | Working Capital Days |
| Receivable Days | 88 | 92 | 94 | 96 | 93 | 78 | 76 | 88 | 79 | 91 |
| Inventory Days | 36 | 35 | 45 | 36 | 39 | 45 | 39 | 40 | 36 | 39 |
| Payable Days | 79 | 96 | 94 | 109 | 96 | 99 | 133 | 181 | 134 | 127 |
Paushak, an Alembic Group company, was established in 1972, 40 Kms outside Vadodara (Gujarat) and about 400 Kms north of Mumbai. Over the years the company has established a multi product capability in Phosgene & its derivatives manufacturing.
In last more than 25 years the experience of the company has given it an Indigenous process development capability. The company has also handled custom synthesis and contract based research.
The company offers a high degree of supply reliability for large scale products and speciality chemicals. Its production complex consists of multiple products plants that can be fine turned to run under optimal conditions for a given product.
It has been manufacturing Phosgene for mare than three decades from the basic raw materials. Paushak is producing more than 150 tons of Phosgene per month. Paushak has production capacity of 150 tons per month of phosgene with a turnover of $ 3.5 Million per annum with a workforce of 200 plus.
The company has an in-house process development and R & D laboratory. They also have corporate support in production, R&D, QA, etc.
Phosgene is a versatile molecule and its derivatives have applications in diverse fields like pharmaceuticals, agrochemicals , polyurethanes, perfumeries, dyes, etc.
Product range of the company includes:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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