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Punjab Chemicals & Crop Protection Ltd (PUNJABCHEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506618 NSE: PUNJABCHEM Pesticides & Agrochemicals | Small Cap | Punjab Chem. & Corp Share Price

₹950.65 0.00 (0.00%)

As on 04-Jun'26 16:59

Punjab Chemicals & Crop Protection Ltd (PUNJABCHEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506618 NSE: PUNJABCHEM Pesticides & Agrochemicals | Small Cap | Punjab Chem. & Corp Share Price

₹950.65 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,166 Cr.
Current Price
₹950.7
52-Week Low / High
₹876 / 1,665
TTM EPS
₹50.1
TTM Sales
₹1,025 Cr.
Book Value per Share
₹361.2
P/E Ratio
18.98
Lower than its 5-year historical median
Industry PE
31.6
Price to Book (P/B)
2.63
Lower than its 5-year historical median
Price to Sales (P/S)
1.14
Lower than its 5-year historical median
EV/EBITDA
10.02
Lower than its 5-year historical median
Dividend Yield
0.32%
Profitability Efficiency
Return on Equity (ROE)
10.85%
Underperforms industry median
Return on Capital Employed (ROCE)
13.97%
Underperforms industry median
Return on Assets (ROA)
4.68%
Operating Profit Margin
11.1%
Net Profit Margin
4.43%
Gross Profit Margin
9.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.46%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.61%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-26.96%
Asset Quality
Promoter Holding
39.24%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹431 Cr.
Equity
₹12.3 Cr.
Face Value
₹10
All Time Low / High
₹7.92 / 1930.00

Punjab Chemicals & Crop Protection stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Punjab Chemicals & Crop Protection Ltd a good quality company?
Punjab Chemicals & Crop Protection Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Punjab Chemicals & Crop Protection Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Punjab Chemicals & Crop Protection Ltd vs industry peers?
Punjab Chemicals & Crop Protection Ltd revenue CAGR is 10.41%, compared to the industry median CAGR of 8.45%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Punjab Chemicals & Crop Protection Ltd?
Promoters hold 39.24% of the Punjab Chemicals & Crop Protection Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Punjab Chemicals & Crop Protection Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.6% based on the current price.

10 Year X-Ray :

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 21.8%9.3%16.9%25.2%22.2%34.6%41.7%29.3%21.5%14%-
Value Creation
Index
0.6-0.30.20.80.61.52.01.10.5-0-

Growth Parameters

Sales 3574114886405486769311,0049318981,025
Sales YoY Gr.-15.2%18.8%31.2%-14.5%23.6%37.6%7.9%-7.3%-3.5%-
Adj EPS 4.311.7723.17.742.266.449.744.435.350.1
YoY Gr.-171.1%-39.9%228.3%-66.8%449.9%57.1%-25.2%-10.6%-20.5%-
BVPS (₹) 44.758.66782.593.4133.6197.1243.1284.3313.5361.2
Adj Net
Profit
5.314.48.628.39.451.881.460.954.443.361
Cash Flow from Ops. 80.847.958.169.532.547.131.956.729.222.6-
Debt/CF from Ops. 2.1321.33.11.92.91.74.27.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.8%10.4%-1.2%-3.5%
Adj EPS 26.3%35.7%-19%-20.5%
BVPS24.2%27.4%16.7%10.3%
Share Price 18.7% -4% 6.4% -14.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.322.711.230.98.737.240.122.616.811.814.9
Op. Profit
Mgn %
7.26.97.810.87.514.21512.212.111.111.3
Net Profit
Mgn %
1.53.51.84.41.77.78.76.15.94.86
Debt to
Equity
3.121.40.90.90.50.40.30.40.40.1
Working Cap
Days
17614712810914814013215519123395
Cash Conv.
Cycle
39201014223248699536

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3574114886405486769311,004931898
Operating Expenses + 331406454574506582792882818799
Manufacturing Costs45526067636394110103108
Material Costs201242295399325405569636572538
Employee Cost 44485464696877838895
Other Costs 41644545494652525559
Operating Profit 2653466419413812211299
Operating Profit Margin (%) 7.2%1.1%7.0%10.3%7.5%13.9%14.9%12.1%12.1%11.0%
Other Income + 133011101911431
Exceptional Items 3403-800000-4
Interest 21221817181212181918
Depreciation 15141419151517192225
Profit Before Tax 36-117322768110897454
Tax 01712111830281914
Profit After Tax 36-21020165181615440
PAT Margin (%) 10.0%-0.5%2.1%3.2%2.9%7.5%8.7%6.1%5.9%4.4%
Adjusted EPS (₹)29.1-1.78.516.512.941.265.949.744.432.4
Dividend Payout Ratio (%)0%0%0%9.10%11.70%4.90%4.60%6%6.80%9.30%

Valuation of Punjab Chem. & Corp - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 557282101115164242298348384
Share Capital 12121212121212121212
Reserves 42607089102152229286336372
Debt +1481101019188757983108147
Long Term Debt99604811407058645370
Short Term Debt5050538048520195578
Minority Interest0000000000
Trade Payables568110611289113131138117201
Others Liabilities 101867691137148170198203192
Total Liabilities 359349365395428499622717777925

Fixed Assets

Net Fixed Assets +175143152161168189212222236251
Gross Block338155176198215249285309338378
Accumulated Depreciation16212243747607387102126
CWIP 464715167201214
Investments 4312620111284
Inventories4555678286101154168133222
Trade Receivables564841624884112144207251
Cash Equivalents 225341410101018
Others Assets 7463696110694126151171164
Total Assets 359349365395428499622717777925

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 81485869324732572923
PBT 36-117322768110897454
Adjustment 5402537172729313941
Changes in Working Capital 4111166-8-35-87-28-58-61
Tax Paid -1-2-1-5-4-13-20-35-25-11
Cash Flow From Investing Activity + 12-8-15-21-14-14-27-36-36-28
Capex 10-15-20-26-26-33-32-36-31-31
Net Investments -1000518-0-1-54
Others 265581510-1
Cash Flow From Financing Activity + -97-40-43-4-19-23-9-20512
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-22-29-541532-9-12-514
Interest Paid -28-17-15-15-17-12-10-14-19-17
Dividend Paid 0000-2-2-2-4-4-4
Others -70-0265-14-4112113319
Net Cash Flow -50145010-41-17

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)96.39-3.3213.5122.0914.6336.3239.8722.5816.8410.85
ROCE (%)21.759.2816.9325.1622.1734.5741.7329.3121.5213.97
Asset Turnover Ratio0.951.191.381.681.331.461.661.51.251.06
PAT to CFO Conversion(x)2.25N/A5.83.4520.920.40.930.540.58
Working Capital Days
Receivable Days56.4044.7033.1029.4036.5035.5038.4046.4068.8093.20
Inventory Days50.5043.2045.4042.405650.705058.505972.10
Payable Days105.10102.80115.5099.80112.9090.8078.2077.3081.40108

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Punjab Chemicals & Crop Protection Ltd FAQs

The current trading price of Punjab Chem. & Corp on 04-Jun-2026 16:59 is ₹950.6.

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 03-Jun-2026 the market cap of Punjab Chem. & Corp stood at ₹1,165.7 Cr

The latest P/E ratio of Punjab Chem. & Corp as of 03-Jun-2026 is 18.98.

The latest P/B ratio of Punjab Chem. & Corp as of 03-Jun-2026 is 2.63.

The 52-week high of Punjab Chem. & Corp is ₹1,665 and the 52-week low is ₹875.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Punjab Chem. & Corp is ₹1,025 ( Cr.) .

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 Undervalued zone.

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.

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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