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Punjab Alkalies & Chemicals Ltd. Stock Analysis

Small Cap
Evaluated by 176 users | BSE: 506852 | NSE: PUNALKALI |
Chemicals
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -8.75%6.38%4.82%-6.36%-9.47%-10.13%-26.21%24.66%75.78%5.27%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 173236286265267241268334376290
Y-o-Y Gr. Rt.-36.2%20.9%-7.3%0.6%-9.5%11.2%24.5%12.6%-22.7%
Adjusted EPS (Rs.) -122.181.29-4.79-6.32-7-8.970.9320.560.59
Y-o-Y Gr. Rt.-NA-40.8%-471.3%NANANANA2110.8%-97.1%
Book Value per Share (Rs.) 3.266.217.160.59-4.9-12.0210.1210.421.4824.55
Adjusted Net Profit -24.64.52.7-9.8-13-14.4-24.32.555.81.6
Net Op. Cash Flow (Rs. Cr.) 4.625.946.37.62.322.78.543.154.427.3
Debt to Cash Flow from Ops 19.3131.076.7521.591.963.540.70.561.16
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Punjab Alkalies & Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.9%1.7%2.7%-22.7%
Adjusted EPS NANANA-97.1%
Book Value per Share 25.2034.414.3
Share Price 11.8% 17.8% 13.6% 23.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -20.734.282.55-10.31-16.35-23.06-52.626.68109.542.35
Operating Profit Margin (%) -2.6411.597.09-0.52-2.48-3.11-5.768.6220.875.54
Net Profit Margin (%) -14.211.890.93-3.72-4.87-5.96-9.080.7614.850.55
Debt to Equity 13.366.113.3842.27-5.03-1.81.11.070.520.48
Working Capital Days 97705449424743322938
Cash Conversion Cycle 3322131-12-20-18-14-17-22
Entity Percentage Holding
Promoters 22.13%
Institutions 0.09%
Non-Institutions 77.79%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Punjab Alkalies & Chemicals Ltd.'s performance infers:

Punjab Alkalies & Chemicals Ltd. earnings have grown by 0%, whereas share price has appreciated 17.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Punjab Alkalies & Chemicals Ltd. share prices over the last 10 years. Here is what we found out:

Punjab Alkalies & Chemicals Ltd. share price has appreciated 4% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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