BSE: 506618 | NSE: PUNJABCHEM | Pesticides & Agrochemicals | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Punjab Chemicals & Crop Protection Ltd is a good quality company.
The key valuation ratios of Punjab Chemicals & Crop Protection Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Punjab Chemicals & Crop Protection Ltd is likely to Rise-somewhat 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 % ⓘ | 11% | 21.8% | 9.3% | 16.9% | 25.2% | 22.2% | 34.6% | 41.7% | 29.3% | 21.5% | - |
| Value Creation Index ⓘ | -0.2 | 0.6 | -0.3 | 0.2 | 0.8 | 0.6 | 1.5 | 2.0 | 1.1 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 410 | 357 | 411 | 488 | 640 | 548 | 676 | 931 | 1,004 | 931 | 892 |
| Sales YoY Gr. | - | -12.9% | 15.2% | 18.8% | 31.2% | -14.5% | 23.6% | 37.6% | 7.9% | -7.3% | - |
| Adj EPS ⓘ | 7.3 | 4.3 | 11.7 | 7 | 23.1 | 7.7 | 42.2 | 66.4 | 49.7 | 44.4 | 33.2 |
| YoY Gr. | - | -41.1% | 171.1% | -39.9% | 228.3% | -66.8% | 449.9% | 57.1% | -25.2% | -10.6% | - |
| BVPS (₹) ⓘ | 15.6 | 44.7 | 58.6 | 67 | 82.5 | 93.4 | 133.6 | 197.1 | 243.1 | 284.3 | 302 |
| Adj Net Profit ⓘ | 9 | 5.3 | 14.4 | 8.6 | 28.3 | 9.4 | 51.8 | 81.4 | 60.9 | 54.4 | 41 |
| Cash Flow from Ops. ⓘ | 48.4 | 80.8 | 47.9 | 58.1 | 69.5 | 32.5 | 47.1 | 31.9 | 56.7 | 29.2 | - |
| Debt/CF from Ops. ⓘ | 5.8 | 2.1 | 3 | 2 | 1.3 | 3.1 | 1.9 | 2.9 | 1.7 | 4.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.5% | 7.8% | 11.2% | -7.3% | ||||
| Adj EPS ⓘ | 22.2% | 14% | 1.7% | -10.6% | ||||
| BVPSⓘ | 38% | 28.1% | 28.6% | 16.9% | ||||
| Share Price | 26.2% | 18.1% | -6.9% | -11.5% | ||||
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 % ⓘ | 47.3 | 14.3 | 22.7 | 11.2 | 30.9 | 8.7 | 37.2 | 40.1 | 22.6 | 16.8 | 11.3 |
| Op. Profit Mgn % ⓘ | 12.3 | 7.2 | 6.9 | 7.8 | 10.8 | 7.5 | 14.2 | 15 | 12.2 | 12.1 | 10.4 |
| Net Profit Mgn % ⓘ | 2.2 | 1.5 | 3.5 | 1.8 | 4.4 | 1.7 | 7.7 | 8.7 | 6.1 | 5.9 | 4.6 |
| Debt to Equity ⓘ | 14.7 | 3.1 | 2 | 1.4 | 0.9 | 0.9 | 0.5 | 0.4 | 0.3 | 0.4 | 0.1 |
| Working Cap Days ⓘ | 169 | 176 | 147 | 128 | 109 | 148 | 140 | 132 | 155 | 191 | 89 |
| Cash Conv. Cycle ⓘ | 41 | 39 | 20 | 1 | 0 | 14 | 22 | 32 | 48 | 70 | 34 |
Sales growth is growing at healthy rate in last 3 years 11.22%
Return on Equity has declined versus last 3 years average to 11.30%
Net Profit has been subdued in last 3 years 1.68%
Sales growth is not so good in last 4 quarters at -7.69%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 33.2 | 32.2 |
| TTM Sales (₹ Cr.) | 892 | 895 |
| BVPS (₹.) ⓘ | 302 | 286.8 |
| Reserves (₹ Cr.) ⓘ | 362 | 339 |
| P/BV ⓘ | 3.55 | 3.74 |
| PE ⓘ | 32.30 | 33.33 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 900.50 / 1575.00 |
| All Time Low / High (₹) | 7.92 / 1930.00 |
| Market Cap (₹ Cr.) | 1,314 |
| Equity (₹ Cr.) | 12.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 42.5 |
| 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 | 410 | 357 | 411 | 488 | 640 | 548 | 676 | 931 | 1,004 | 931 |
| Operating Expenses ⓘ | 365 | 331 | 406 | 454 | 574 | 506 | 582 | 792 | 882 | 818 |
| Manufacturing Costs | 48 | 45 | 52 | 60 | 67 | 63 | 63 | 94 | 110 | 108 |
| Material Costs | 239 | 201 | 242 | 295 | 399 | 325 | 405 | 569 | 636 | 572 |
| Employee Cost | 44 | 44 | 48 | 54 | 64 | 69 | 68 | 77 | 83 | 88 |
| Other Costs ⓘ | 34 | 41 | 64 | 45 | 45 | 49 | 46 | 52 | 52 | 50 |
| Operating Profit ⓘ | 44 | 26 | 5 | 34 | 66 | 41 | 94 | 138 | 122 | 112 |
| Operating Profit Margin (%) | 10.8% | 7.2% | 1.1% | 7.0% | 10.3% | 7.5% | 13.9% | 14.9% | 12.1% | 12.1% |
| Other Income ⓘ | 11 | 13 | 30 | 11 | 10 | 19 | 1 | 1 | 4 | 3 |
| Interest ⓘ | 32 | 21 | 22 | 18 | 17 | 18 | 12 | 12 | 18 | 19 |
| Depreciation ⓘ | 18 | 15 | 14 | 14 | 19 | 15 | 15 | 17 | 19 | 22 |
| Exceptional Items ⓘ | -2 | 34 | 0 | 3 | -8 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 36 | -1 | 17 | 32 | 27 | 68 | 110 | 89 | 74 |
| Tax ⓘ | 0 | 0 | 1 | 7 | 12 | 11 | 18 | 30 | 28 | 19 |
| Profit After Tax | 4 | 36 | -2 | 10 | 20 | 16 | 51 | 81 | 61 | 54 |
| PAT Margin (%) | 0.9% | 10.0% | -0.5% | 2.1% | 3.2% | 2.9% | 7.5% | 8.7% | 6.1% | 5.9% |
| Adjusted EPS (₹) | 2.9 | 29.1 | -1.7 | 8.5 | 16.5 | 12.9 | 41.2 | 65.9 | 49.7 | 44.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 9% | 12% | 5% | 5% | 6% | 7% |
| 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 | 19 | 55 | 72 | 82 | 101 | 115 | 164 | 242 | 298 | 348 |
| Share Capital ⓘ | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves ⓘ | 7 | 42 | 60 | 70 | 89 | 102 | 152 | 229 | 286 | 336 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 210 | 148 | 110 | 101 | 91 | 88 | 75 | 79 | 83 | 108 |
| Long Term Debt | 115 | 99 | 60 | 48 | 11 | 40 | 70 | 58 | 64 | 53 |
| Short Term Debt | 95 | 50 | 50 | 53 | 80 | 48 | 5 | 20 | 19 | 55 |
| Trade Payables | 60 | 56 | 81 | 106 | 112 | 89 | 113 | 131 | 138 | 117 |
| Others Liabilities ⓘ | 131 | 101 | 86 | 76 | 91 | 137 | 148 | 170 | 198 | 203 |
| Total Liabilities ⓘ | 420 | 359 | 349 | 365 | 395 | 428 | 499 | 622 | 717 | 777 |
Fixed Assets | ||||||||||
| Gross Block | 383 | 338 | 155 | 176 | 198 | 215 | 249 | 285 | 309 | 337 |
| Accumulated Depreciation | 163 | 162 | 12 | 24 | 37 | 47 | 60 | 73 | 87 | 101 |
| Net Fixed Assetsⓘ | 221 | 175 | 143 | 152 | 161 | 168 | 189 | 212 | 222 | 236 |
| CWIP ⓘ | 7 | 4 | 6 | 4 | 7 | 15 | 16 | 7 | 20 | 12 |
| Investmentsⓘ | 4 | 4 | 31 | 26 | 20 | 1 | 1 | 1 | 2 | 8 |
| Inventories | 57 | 45 | 55 | 67 | 82 | 86 | 101 | 154 | 168 | 133 |
| Trade Receivables | 59 | 56 | 48 | 41 | 62 | 48 | 84 | 112 | 144 | 207 |
| Cash Equivalents | 6 | 2 | 2 | 5 | 3 | 4 | 14 | 10 | 10 | 10 |
| Others Assetsⓘ | 67 | 74 | 63 | 69 | 61 | 106 | 94 | 126 | 151 | 171 |
| Total Assets ⓘ | 420 | 359 | 349 | 365 | 395 | 428 | 499 | 622 | 717 | 777 |
| 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 ⓘ | 48 | 81 | 48 | 58 | 69 | 32 | 47 | 32 | 57 | 29 |
| PBT ⓘ | 4 | 36 | -1 | 17 | 32 | 27 | 68 | 110 | 89 | 74 |
| Adjustment ⓘ | 54 | 5 | 40 | 25 | 37 | 17 | 27 | 29 | 31 | 39 |
| Changes in Working Capital ⓘ | -8 | 41 | 11 | 16 | 6 | -8 | -35 | -87 | -28 | -58 |
| Tax Paid ⓘ | -1 | -1 | -2 | -1 | -5 | -4 | -13 | -20 | -35 | -25 |
| Cash Flow From Investing Activity ⓘ | 0 | 12 | -8 | -15 | -21 | -14 | -14 | -27 | -36 | -36 |
| Capex | -4 | 10 | -15 | -20 | -26 | -26 | -33 | -32 | -36 | -31 |
| Net Investments | 0 | -1 | 0 | 0 | 0 | 5 | 18 | 0 | -1 | -5 |
| Others ⓘ | 3 | 2 | 6 | 5 | 5 | 8 | 1 | 5 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | -65 | -97 | -40 | -43 | -4 | -19 | -23 | -9 | -20 | 5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -22 | -29 | -54 | 15 | 32 | -9 | -12 | -5 |
| Interest Paid ⓘ | -24 | -28 | -17 | -15 | -15 | -17 | -12 | -10 | -14 | -19 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -2 | -2 | -2 | -4 | -4 |
| Others ⓘ | -41 | -70 | 0 | 2 | 65 | -14 | -41 | 12 | 11 | 33 |
| Net Cash Flow ⓘ | -17 | -5 | 0 | 1 | 45 | 0 | 10 | -4 | 1 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.74 | 96.39 | -3.32 | 13.51 | 22.09 | 14.63 | 36.32 | 39.87 | 22.58 | 16.84 |
| ROCE (%) | 10.96 | 21.75 | 9.28 | 16.93 | 25.16 | 22.17 | 34.57 | 41.73 | 29.31 | 21.52 |
| Asset Turnover Ratio | 0.95 | 0.95 | 1.19 | 1.38 | 1.68 | 1.33 | 1.46 | 1.66 | 1.5 | 1.25 |
| PAT to CFO Conversion(x) | 12 | 2.25 | N/A | 5.8 | 3.45 | 2 | 0.92 | 0.4 | 0.93 | 0.54 | Working Capital Days |
| Receivable Days | 55 | 56 | 45 | 33 | 29 | 36 | 35 | 38 | 46 | 69 |
| Inventory Days | 53 | 50 | 43 | 45 | 42 | 56 | 51 | 50 | 59 | 59 |
| Payable Days | 100 | 105 | 103 | 116 | 100 | 113 | 91 | 78 | 77 | 81 |
Started in 1975 as Punjab United Pesticides & Chemicals Limited (PUPCL) has now evolved as Punjab Chemicals and Crop Protection Limited (Punjab Chemicals), uniting all its divisions - Agrotechnicals, Pharmaceuticals, Intermediates, Chemicals & International Trading, under one roof, by a combination of all companies into Punjab Chemicals in March 2006.
Presently, Punjab Chemicals has various state-of-the-art manufacturing sites which are located across India and have international standards with support from its R&D strengths and unparalleled Pilot Plant facilities, All are ISO 9001 & ISO 14001 certified. Punjab Chemicals produces various Agrotechnicals, API’s, Pharmaceutical Intermediates, Phosphorous Derivatives and Speciality Chemicals.
The overseas subsidiary- marketing company SD Ag chem (Europe), N.V., Belgium serves as immediate supply for company products from the doorstep of Europe. Punjab Chemicals having the ownership of the marketing registrations with the above companies is an added advantage.
Punjab Chemicals is committed to providing high-quality products of international standards which will endeavor to meet the requirements of today’s modern world by fulfilling the needs of clients in India and across the world spread over 5 continents. Today, more and more global companies are looking upto Punjab Chemicals as their preferred Indian partner whom they can trust.
Business area of the company
The company is engaged in business of manufacturing of agro chemicals, speciality chemicals and bulk drugs and its intermediates.
Business Unit
Products
Milestones
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