Is Primo Chemicals a good quality company?

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

Is Primo Chemicals undervalued or overvalued?

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

What is Primo Chemicals share price return in the past 10 years?

Primo Chemicals Ltd share price has appreciated 27.7% annually (CAGR) over the past ten years.

Is Primo Chemicals a good buy now?

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

Primo Chemicals Ltd - Stock Valuation and Financial Performance

Name: Primo Chemicals
Brand: Primo Chemicals

BSE: 506852 | NSE: PUNALKALI | Chemicals | Small Cap

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Primo Chemicals Share Price

₹44.32 0.60 1.37%
as on 19-Apr'24 16:01

10 Year X-Ray of Primo Chemicals:

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-6.4%	-9.5%	-10.1%	-26.2%	24.7%	75.8%	5.3%	4.3%	29.1%	31.5%	-
Value Creation Index ⓘ	-1.5	NA	NA	NA	0.8	4.4	-0.6	-0.7	1.1	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	265	267	241	268	334	376	290	226	454	707	442
Sales YoY Gr.	-	0.6%	-9.5%	11.2%	24.5%	12.6%	-22.7%	-22.1%	100.6%	55.8%	-
Adj EPS ⓘ	-1	-1.3	-1.4	-1.8	0.2	4.1	0.1	0	2.3	5.5	-0.6
YoY Gr.	-	NA	NA	NA	NA	2063.2%	-97.1%	-75%	7700%	136.3%	-
BVPS (₹) ⓘ	0.1	-1	-2.4	-3	2.1	1.5	2.2	3.8	9.7	15	13.6
Adj Net Profit ⓘ	-9.9	-13	-14.4	-24.3	2.5	55.8	1.6	0.5	56.6	134	-15
Cash Flow from Ops. ⓘ	7.6	2.3	22.7	8.5	43.1	54.4	27.3	52.8	70.2	150	-
Debt/CF from Ops. ⓘ	6.8	21.6	2	3.5	0.7	0.6	1.2	0	0.9	1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.5%	16.2%	34.6%	55.8%
Adj EPS ⓘ	NA	96.2%	258.5%	136.3%
BVPSⓘ	71%	48.4%	89.5%	54.3%
Share Price	27.7%	25.2%	37.2%	-41.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-10.3	-16.4	-23.1	-52.6	6.7	109.5	2.4	0.7	30.6	39.4	-4.4
Op. Profit Mgn % ⓘ	-0.5	-2.5	-3.1	-5.8	8.6	20.9	5.5	-5.5	19.1	27.2	7.7
Net Profit Mgn % ⓘ	-3.7	-4.9	-6	-9.1	0.8	14.9	0.6	0.2	12.5	18.9	-3.5
Debt to Equity ⓘ	42.3	-5	-1.8	-0.8	1.1	1.5	1.1	0	0.3	0.4	-
Working Cap Days ⓘ	49	42	47	43	32	29	38	57	57	69	46
Cash Conv. Cycle ⓘ	1	-12	-20	-18	-14	-17	-22	-13	-6	-14	-21

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 34.55%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -37.58%

Latest Financials - Primo Chemicals Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.6	-0.6
TTM Sales (₹ Cr.)	442	442
BVPS (₹.) ⓘ	13.6	13.9
Reserves (₹ Cr.) ⓘ	290	296
P/BV ⓘ	3.25	3.19
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	34.00 / 79.78
All Time Low / High (₹)	0.43 / 100.90
Market Cap (₹ Cr.)	1,074
Equity (₹ Cr.)	48.5
Face Value (₹)	2
Industry PE ⓘ	48.2

Management X-Ray of Primo Chemicals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

31.34

0.00

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

Valuation of Primo Chemicals

Price Calculator

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 Primo Chemicals

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	265	267	241	268	334	376	290	226	454	707
Operating Expenses ⓘ	266	273	249	284	305	297	274	239	367	515
Manufacturing Costs	180	182	170	195	201	185	167	133	180	232
Material Costs	49	52	43	43	47	59	49	44	74	141
Employee Cost	27	25	23	30	29	27	34	23	17	23
Other Costs ⓘ	11	14	12	16	27	27	24	39	96	118
Operating Profit ⓘ	-1	-7	-7	-15	29	78	16	-12	87	192
Operating Profit Margin (%)	-0.5%	-2.5%	-3.1%	-5.8%	8.6%	20.9%	5.5%	-5.5%	19.1%	27.2%
Other Income ⓘ	3	2	5	3	7	5	21	55	15	26
Interest ⓘ	1	1	5	4	20	8	5	5	9	8
Depreciation ⓘ	10	8	7	8	9	16	13	17	17	24
Exceptional Items ⓘ	0	0	0	0	-11	0	0	0	0	0
Profit Before Tax ⓘ	-10	-13	-14	-24	-5	59	18	20	76	186
Tax ⓘ	0	0	0	0	0	3	9	12	19	53
Profit After Tax	-10	-13	-14	-24	-5	56	9	8	57	134
PAT Margin (%)	-3.6%	-4.9%	-5.9%	-9.1%	-1.4%	14.9%	3.0%	3.6%	12.5%	18.9%
Adjusted EPS (₹)	-0.9	-1.3	-1.4	-1.8	-0.4	4.1	0.7	0.5	2.3	5.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	88	71	54	39	36	65	70	97	274	407
Share Capital ⓘ	20	20	20	27	27	27	27	31	48	48
Reserves ⓘ	67	51	33	12	9	38	43	66	225	358
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	46	7	44	30	30	30	3	0	53	123
Long Term Debt	44	0	43	28	27	28	0	0	53	123
Short Term Debt	3	7	1	2	3	2	3	0	0	0
Trade Payables	24	29	29	26	21	30	31	28	44	69
Others Liabilities ⓘ	28	63	55	85	113	91	120	121	115	155
Total Liabilities ⓘ	186	170	182	180	201	217	225	246	486	754
Fixed Assets
Gross Block	345	346	346	351	354	361	408	411	425	570
Accumulated Depreciation	216	224	232	240	248	271	241	255	270	292
Net Fixed Assetsⓘ	130	122	114	111	106	89	168	156	155	278
CWIP ⓘ	1	1	2	5	5	16	15	35	177	213
Investmentsⓘ	0	0	0	0	0	0	0	0	30	53
Inventories	11	9	11	8	9	8	8	6	17	18
Trade Receivables	10	7	5	5	5	6	6	16	33	52
Cash Equivalents	8	8	21	19	55	70	12	8	25	31
Others Assetsⓘ	25	23	29	32	21	27	17	24	49	109
Total Assets ⓘ	186	170	182	180	201	217	225	246	486	754

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	8	2	23	9	43	54	27	53	70	150
PBT ⓘ	-10	-13	-14	-24	-5	59	18	20	76	186
Adjustment ⓘ	10	7	7	5	13	19	6	39	62	24
Changes in Working Capital ⓘ	8	8	30	28	35	-20	5	-7	-54	-27
Tax Paid ⓘ	0	0	0	0	0	-3	-2	1	-14	-33
Cash Flow From Investing Activity ⓘ	-7	-1	-3	-11	-3	-36	-82	-24	-191	-233
Capex	1	0	0	0	0	-3	11	1	-4	-6
Net Investments	-6	-1	-3	-7	0	-4	0	0	-34	-37
Others ⓘ	-1	0	-1	-3	-4	-29	-93	-24	-153	-190
Cash Flow From Financing Activityⓘ	1	-2	-6	0	-4	-3	-3	-34	137	81
Net Proceeds from Shares ⓘ	0	0	0	15	0	0	0	0	77	0
Net Proceeds from Borrowing ⓘ	0	-5	-1	-15	4	0	0	-31	60	83
Interest Paid ⓘ	-1	0	0	0	-8	-3	-3	-3	0	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	2	3	-5	0	0	0	0	0	0	0
Net Cash Flow ⓘ	2	-1	13	-2	36	16	-58	-5	16	-3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-120.55	0	0	0	-17.33	229.54	35.01	18.68	38.67	44.82
ROCE (%)	-15.03	-25.85	-31.89	-424.48	26.7	122.63	41.59	42.21	47.55	48.46
Asset Turnover Ratio	1.55	1.69	1.55	1.67	1.8	1.8	1.32	0.96	1.24	1.14
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	0.96	3	6.63	1.23	1.12
Working Capital Days
Receivable Days	15	10	8	6	5	5	7	18	20	22
Inventory Days	14	12	13	11	9	8	10	11	9	9
Payable Days	163	182	244	234	180	158	229	245	176	146

Primo Chemicals Ltd Stock News

Primo Chemicals Ltd FAQs

What is the share price of Primo Chemicals?

Company share prices are keep on changing according to the market conditions. The closing price of Primo Chemicals on 19-Apr-2024 16:01 is ₹44.32.

What is the market cap of Primo Chemicals?

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 19-Apr-2024 16:01 the market cap of Primo Chemicals stood at ₹1,074.1.

What is the P/E ratio of Primo Chemicals?

The latest P/E ratio of Primo Chemicals as of 19-Apr-2024 16:01 is 0.00.

What is the P/B ratio of Primo Chemicals?

The latest P/B ratio of Primo Chemicals as of 19-Apr-2024 16:01 is 3.25.

What is the 52-week high and low of Primo Chemicals?

The 52-week high of Primo Chemicals is ₹79.78 and the 52-week low is ₹34.00.

What is the TTM revenue of Primo Chemicals?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Primo Chemicals is ₹442.3 ( Cr.) .

About Primo Chemicals Ltd

The Company was Incorporated on December 1,1975 as a Public Limited Company under the name Punjab Alkalies . The name of the Company was subsequently changed to Punjab Alkalies & Chemicals and a 'Fresh Certificate of Incorporation Consequent on Change of Name' dated 29th April 1983 was obtained from the Registrar of Companies, Punjab, HP & Chandigarh, Jalandhar.

Punjab Alkalies & Chemicals (PACL) Company has been promoted by the Punjab State Industrial Development Corporation Limited (PSIDC), a wholly owned Punjab Government Company.

The company's plant is located at Naya Nangal in District Ropar, Punjab (India). The location is ideal in terms of being connected by rail and road. Being so close to the Bhakra Nangal Dam, the plant has an assured and continuous good quality power supply - which is a major input for Caustic Soda.The plant is located in the heart of North India, which is a burgeoning market for all its end-products.

PACL is marching ahead to upgrade its facilities. Having setup a new 100 TPD Membrane Cell Caustic Soda Plant in 1995, PACL has converted Mercury Cell Caustic Soda Plant into a 200 TPD Membrane Cell Caustic Soda Plant based on the state-of-the-art, energy efficient, eco-friendly HOECHST-UHDE Membrane Cell Technology at an investment of Rs.86 Crores in 1998. The present total installed capacity of Caustic Soda stands at 99,000 tonnes per annum.

Product range of the company includes:

Caustic Soda Lye
Caustic Soda Flakes
Liquid Chlorine
Hydrochloric Acid
Sodium Hypochlorite
Hydrogen Gas

Milestones:

January, 1984 Commenced operations (with an installed capacity of 37,059 TPA of Caustic Soda and 16,500 TPA of Liquid Chlorine
September, 1987 Caustic Soda Concentration & Flaking Unit Commissioned
1988 Changeover from Graphite Anodes to Dimensionally Stable Metal Anodes and installed an Anode Control and Protection Device
October, 1991 Installed capacity of Caustic Soda Lye and Liquid Chlorine increased to 41,152 TPA and 29,700 TPA respectively
End 1992 Installed capacity of Caustic Soda Lye increased to 50,820 TPA
August, 1995 100 TPD, grassroot plant, based on the HOECHST - UHDE Membrane Cell Technology was commissioned. Installed capacity of Caustic Soda Lye increased to 83,820 TPA and Chlorine to 52,800 TPA respectively.
1998 Conversion of existing 170 TPD Mercury Cell Plant to 200 TPD Membrane Cell Plant

Achievements/ recognition:

Jawaharlal Nehru Memorial National Award' for excellence in Industry, National Award for Excellence in Energy Conservation
Punjab State Safety Award for Largest Reduction in Frequency Rate of Accidents in Chemical Industry (more than 5 lac manhour group).
Their employees have got 'Vishwakarma Rashtriya Puruskar' from Government of India
'Kirt Shromani' & 'Kirt Veer' Awards in the field of Safety & Productivity from Government of Punjab.