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Punjab Chemicals & Crop Protection Ltd Stock Analysis

Small Cap
Evaluated by 242 users | BSE: 506618 | NSE: PUNJABCHEM |
Pesticides & Agrochemicals
Punjab Chemicals & Crop Protection (PCCPL), incorporated in 1975, operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading.Previously known as Punjab Chemicals & Pharmaceuticals (PCPL), the company is engaged in manufacturing of...

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'11Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -1.04%-7.05%1.1%5.42%9.69%7.73%13.48%10.1%20.57%10.82%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 352356401417410357411488640548
Y-o-Y Gr. Rt.-1.2%12.7%3.9%-1.7%-12.9%15.2%18.8%31.2%-14.5%
Adjusted EPS (Rs.) -34.7-37.83-13.73-3.767.334.3211.717.0423.117.68
Y-o-Y Gr. Rt.-NANANANA-41.1%171.1%-39.9%228.3%-66.8%
Book Value per Share (Rs.) 82.9510.7528.8415.3515.6444.6558.6266.9982.5493.39
Adjusted Net Profit -25-46.4-16.8-4.695.314.48.628.39.4
Net Op. Cash Flow (Rs. Cr.) 37.934.3483648.480.847.958.169.532.5
Debt to Cash Flow from Ops 8.666.4812.878.975.832.12.982.011.323.06
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 Chemicals & Crop Protection Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5%6%10%-14.5%
Adjusted EPS NA0.9%-13.1%-66.8%
Book Value per Share 1.34316.813.2
Share Price 35% 39% 28.9% 128.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -34.08-153.14-44.96-25.2947.3414.3322.6811.2130.928.73
Operating Profit Margin (%) 0.120.065.638.5512.37.196.867.7510.797.52
Net Profit Margin (%) -7.09-13.03-4.2-1.112.191.483.491.774.431.72
Debt to Equity 5.516.8617.4817.1714.723.11.981.420.90.87
Working Capital Days 255135316162169176147128109148
Cash Conversion Cycle 913973414139201014
Entity Percentage Holding
Promoters 39.22%
Institutions 3.74%
Non-Institutions 57.05%
Pledged *86.850.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Punjab Chemicals & Crop Protection Ltd's performance infers:

Punjab Chemicals & Crop Protection Ltd earnings have grown by 0.9%, whereas share price has appreciated 39% 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 Chemicals & Crop Protection Ltd share prices over the last 10 years. Here is what we found out:

Punjab Chemicals & Crop Protection Ltd share price has appreciated 24.8% annually over the past ten years.

Punjab Chemicals & Crop Protection (PCCPL), incorporated in 1975, operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading.

Previously known as Punjab Chemicals & Pharmaceuticals (PCPL), the company is engaged in manufacturing of agrochemicals, pharmaceutical intermediates, APIs, phosphorous derivatives and specialty chemicals.

The company has received various certifications such as ISO 14000 and ISO 9001 for its quality

Punjab Chemicals & Crop Protection (PCCPL), incorporated in 1975, operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading.

Previously known as Punjab Chemicals & Pharmaceuticals (PCPL), the company is engaged in manufacturing of agrochemicals, pharmaceutical intermediates, APIs, phosphorous derivatives and specialty chemicals.

The company has received various certifications such as ISO 14000 and ISO 9001 for its quality management.

PCCPL also owns a research and development department that develops various cost effective solutions in the form of newer and newer products and processes. The company also undertakes contract manufacturing of chemicals for various companies.

The company has customer base spread across in five continents and in sixty countries.

Punjab Chemicals' regional offices are located at Chandigarh, Pune and Tarapur in India whereas its overseas offices are in West Yorkshire (United Kingdom) and Antwerp (Belgium).

Divisions

Agro chemicals- The company is engaged into manufactures a range of crop protections production in various forms. It has product portfolio of 6 technical, 7 branded bulks and around 40 branded formulations at present. In India the company has branches spread across in states like Andhra Pradesh, Karnataka, Gujarat, Punjab, Haryana, West Bengal, Uttar Pradesh and Madhya Pradesh

Pharmaceuticals- The company is into manufacturing of pharmaceutical drugs and APIs. PCCPL manufactures API like Trimethoprim, Fluconazole and many more. It products range for derivatives from Gallic Acid.

Industrial Chemicals- The company’s operates three manufacturing plants are located at Tarapur and Pune. It is engaged in manufacturing of phosphoric acid, phosphorus pentoxide, phosphorous trichloride, phosphorous oxychloride, phosphorous acid and various phosphates.

International Trading- This division caters to needs of customers located in countries like USA, UK, Germany, France, Netherlands, Taiwan, S. Korea and Japan. PCCPL manufactures a portfolio of products such as inorganic chemicals, organic chemicals, pharmaceutical and dyes intermediates, food and feed additives, specialty chemicals, laboratory chemicals and natural products and herbal extracts

Outlook

Punjab Chemicals & Crop Protection has acquired 70% stake in Parul Chemicals, a Vadodara based agro-formulation company. Parul Chemicals has created brands like Radiant, Patron, Dragon, Ray, Agnee and Kleanup. It has strong network of distributor in Gujarat and Rajasthan.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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