Punjab Chemicals & Crop Protection Ltd - Stock Valuation and Financial Performance

BSE: 506618 | NSE: PUNJABCHEM | Pesticides & Agrochemicals | Small Cap

Punjab Chem. & Corp Share Price

977.30 25.45 2.67%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Punjab Chem. & Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Punjab Chemicals & Crop Protection stock performance -

mw4me loader
P/E Ratio (SA):
22.26
Market Cap:
1,204.8 Cr.
52-wk low:
722.1
52-wk high:
1,392

Is Punjab Chemicals & Crop Protection Ltd an attractive stock to invest in?

1. Is Punjab Chemicals & Crop Protection Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Punjab Chemicals & Crop Protection Ltd is a average quality company.

2. Is Punjab Chemicals & Crop Protection Ltd undervalued or overvalued?

The key valuation ratios of Punjab Chemicals & Crop Protection Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Punjab Chemicals & Crop Protection Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Punjab Chemicals & Crop Protection Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Punjab Chem. & Corp:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Punjab Chemicals & Crop Protection Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.4%9.7%7.7%13.5%10.1%20.6%10.8%26%30.6%20.2%-
Value Creation
Index
-0.6-0.3-0.50.0-0.30.5-0.20.91.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4174103574114886405486769311,004929
Sales YoY Gr.--1.7%-12.9%15.2%18.8%31.2%-14.5%23.6%37.6%7.9%-
Adj EPS -3.87.34.311.7723.17.742.266.449.744.1
YoY Gr.-NA-41.1%171.1%-39.9%228.3%-66.8%449.9%57.1%-25.2%-
BVPS (₹) 15.415.644.758.66782.593.4133.6197.1243.1281.4
Adj Net
Profit
-4.695.314.48.628.39.451.881.460.954
Cash Flow from Ops. 3648.480.847.958.169.532.547.131.956.7-
Debt/CF from Ops. 95.82.1321.33.11.92.91.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.3%15.5%22.4%7.9%
Adj EPS NA47.8%86.3%-25.2%
BVPS35.9%29.4%37.6%23.3%
Share Price 29.6% 7.2% 3.3% 17.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-25.347.314.322.711.230.98.737.240.122.616.8
Op. Profit
Mgn %
8.612.37.26.97.810.87.514.21512.212.8
Net Profit
Mgn %
-1.12.21.53.51.84.41.77.78.76.15.8
Debt to
Equity
17.214.73.121.40.90.90.50.40.3-
Working Cap
Days
16216917614712810914814013215583
Cash Conv.
Cycle
41413920101422324831

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.39%

Net Profit is growing at healthy rate in last 3 years 86.29%

Return on Equity has declined versus last 3 years average to 16.80%

Sales growth is not so good in last 4 quarters at -13.19%

Latest Financials - Punjab Chemicals & Crop Protection Ltd.

Standalone Consolidated
TTM EPS (₹) 44.1 44.4
TTM Sales (₹ Cr.) 929 933
BVPS (₹.) 281.4 267.6
Reserves (₹ Cr.) 333 316
P/BV 3.49 3.67
PE 22.26 22.15
From the Market
52 Week Low / High (₹) 722.10 / 1391.95
All Time Low / High (₹) 7.92 / 1930.00
Market Cap (₹ Cr.) 1,205
Equity (₹ Cr.) 12.3
Face Value (₹) 10
Industry PE 33.6

Management X-Ray of Punjab Chem. & Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Punjab Chem. & Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4174103574114886405486769311,004
Operating Expenses 381365331406454574506582792882
Manufacturing Costs584845526067636394110
Material Costs231239201242295399325405569636
Employee Cost 47444448546469687783
Other Costs 45344164454549465252
Operating Profit 364426534664194138122
Operating Profit Margin (%) 8.5%10.8%7.2%1.1%7.0%10.3%7.5%13.9%14.9%12.1%
Other Income 16111330111019114
Interest 32322122181718121218
Depreciation 15181514141915151719
Exceptional Items -3-23403-80000
Profit Before Tax 1436-11732276811089
Tax 000171211183028
Profit After Tax 1436-2102016518161
PAT Margin (%) 0.3%0.9%10.0%-0.5%2.1%3.2%2.9%7.5%8.7%6.1%
Adjusted EPS (₹)1.02.929.1-1.78.516.512.941.265.949.7
Dividend Payout Ratio (%)0%0%0%0%0%9%12%5%5%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1919557282101115164242298
Share Capital 12121212121212121212
Reserves 7742607089102152229286
Minority Interest0000000000
Debt2672101481101019188757983
Long Term Debt1641159960481140705864
Short Term Debt10395505053804852019
Trade Payables7160568110611289113131138
Others Liabilities 113131101867691137148170198
Total Liabilities 470420359349365395428499622717

Fixed Assets

Gross Block376383338155176198215249285311
Accumulated Depreciation14316316212243747607389
Net Fixed Assets234221175143152161168189212222
CWIP 1746471516720
Investments 3443126201112
Inventories66574555678286101154168
Trade Receivables6859564841624884112144
Cash Equivalents 24622534141010
Others Assets74677463696110694126151
Total Assets 470420359349365395428499622717

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 36488148586932473257
PBT 1436-11732276811089
Adjustment 4754540253717272931
Changes in Working Capital -11-84111166-8-35-87-28
Tax Paid -2-1-1-2-1-5-4-13-20-35
Cash Flow From Investing Activity -2012-8-15-21-14-14-27-36
Capex -7-410-15-20-26-26-33-32-36
Net Investments 00-10005180-1
Others 5326558151
Cash Flow From Financing Activity -15-65-97-40-43-4-19-23-9-20
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-22-29-541532-9-12
Interest Paid -29-24-28-17-15-15-17-12-10-14
Dividend Paid 000000-2-2-2-4
Others 14-41-700265-14-411211
Net Cash Flow 19-17-50145010-41
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.4718.7496.39-3.3213.5122.0914.6336.3239.8722.58
ROCE (%)10.0710.9621.759.2816.9325.1622.1734.5741.7329.31
Asset Turnover Ratio0.950.950.951.191.381.681.331.461.661.5
PAT to CFO Conversion(x)36122.25N/A5.83.4520.920.40.93
Working Capital Days
Receivable Days58555645332936353846
Inventory Days48535043454256515059
Payable Days105100105103116100113917877

Punjab Chemicals & Crop Protection Ltd Stock News

Punjab Chemicals & Crop Protection Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Punjab Chem. & Corp on 28-Mar-2024 16:01 is ₹977.3.
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 28-Mar-2024 16:01 the market cap of Punjab Chem. & Corp stood at ₹1,204.8.
The latest P/E ratio of Punjab Chem. & Corp as of 28-Mar-2024 16:01 is 22.26.
The latest P/B ratio of Punjab Chem. & Corp as of 28-Mar-2024 16:01 is 3.49.
The 52-week high of Punjab Chem. & Corp is ₹1,392 and the 52-week low is ₹722.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Punjab Chem. & Corp is ₹929.1 ( Cr.) .

About Punjab Chemicals & Crop Protection Ltd

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

  • Agro and Basic Chemicals - Derabassi
  • Speciality and Other Chemicals - Lalru
  • Industrial Chemicals - Pune
  • International Trading - Mumbai

Products

  • Agrochemicals
  • Pharma API’s
  • Pharma Intermediates
  • Fine Chemicals & Speciality Chemicals
  • Basic Chemicals & Industrial Chemicals
  • Phosphorus Derivatives & Phosphates
  • International Trading - Imports

Milestones

  • 1975: The company’s founding year.
  • 1983: The company diversified into Specialty Chemicals.
  • 1995: The company further diversified into Agrochemicals.
  • 2003: The company is engaged in an M&A with Alpha Drug Pharma.
  • 2006: Integrated into one company: Punjab Chemicals.
  • 2016: Modified business model to include Contact Manufacturing.
  • 2016: Enhanced its capacity to manufacture Agrochemicals.
  • 2021: Achieved highest EBITDA in 10 years i.e. Rs. 973 million.
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