Punjab Chemicals & Crop Protection Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2017 • Chemicals: 84.0% • Bulk Drug Intermediates: 16.0%
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.97x)
- Working capital cycle has improved - days down from 80 to 64
- Company has a consistent dividend-paying track record
- Institutional investors have been accumulating - FII+DII up 3.0pp
- Company maintains a comfortable, low leverage position
CONS
- Company has delivered a poor profit growth of 4.0% over past five years
- Recurring exceptional / one-off items are inflating headline profit
- Though reporting repeated profits, the company pays out little dividend (6.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| UPL | 577.00 | 24.11 | 48708.57 | 1.04 | -73.00 | 58.52 | 10181.00 | 10.47 | 12.00 | 13.43 |
| PIIND | 2396.05 | 31.20 | 36352.42 | 0.63 | 244.20 | -38.95 | 1702.30 | -10.43 | 16.00 | 21.69 |
| SUMICHEM | 481.50 | 41.48 | 24033.87 | 0.27 | 214.51 | 20.45 | 1063.35 | 0.62 | 23.39 | 21.94 |
| BAYERCROP | 3948.35 | 320.25 | 17744.71 | 3.80 | 321.60 | 15.39 | 1835.00 | -4.16 | 30.08 | 20.03 |
| SHARDACROP | 783.10 | 11.28 | 7065.17 | 1.92 | 88.02 | -38.36 | 1073.77 | 9.03 | 31.10 | 17.32 |
| DHANUKA | 977.80 | 14.68 | 4358.87 | 0.20 | 75.50 | 27.94 | 442.02 | 20.01 | 24.44 | 24.83 |
| RALLIS | 203.90 | 24.15 | 3965.22 | 1.47 | -14.15 | -274.26 | 507.54 | 7.70 | 13.23 | -0.56 |
| NACLIND | 164.35 | 311.22 | 3849.79 | 0.00 | 208.40 | 1498.16 | 3833.30 | 754.96 | 6.20 | 10.80 |
| BHAGCHEM | 263.40 | 124.10 | 3415.48 | 0.06 | 13.33 | 234.98 | 195.02 | 57.55 | 4.55 | 15.65 |
| GSPCROP | 491.20 | 23.34 | 2285.00 | 0.20 | 263.94 | 1111.46 | 3859.95 | 1153.27 | 18.46 | 11.02 |
| BHARATRAS | 1170.30 | 13.57 | 1945.16 | 0.04 | 372.30 | 838.73 | 3381.60 | 796.03 | 16.63 | 15.19 |
| PUNJABCHEM | 1101.00 | 20.64 | 1350.07 | 0.27 | 22.07 | 6.98 | 347.24 | 8.68 | 18.21 | 11.75 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 280 | 241 | 213 | 196 | 242 | 242 | 214 | 201 | 319 | 254 | 246 | 207 | 346 | |
| 243 | 206 | 188 | 182 | 214 | 216 | 194 | 176 | 285 | 228 | 216 | 180 | 317 | |
| Operating Profit | 37 | 35 | 25 | 14 | 28 | 26 | 20 | 25 | 34 | 25 | 29 | 27 | 29 |
| OPM % | 13.36% | 14.46% | 11.85% | 7.05% | 11.50% | 10.57% | 9.16% | 12.43% | 10.68% | 9.97% | 11.99% | 12.86% | 8.50% |
| 0 | 2 | 1 | 1 | 0 | 2 | 0 | -4 | 3 | 6 | 0 | 2 | 1 | |
| Interest | 4 | 7 | 5 | 4 | 4 | 5 | 4 | 5 | 4 | 4 | 4 | 5 | 4 |
| Depreciation | 5 | 6 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 9 | 7 |
| Profit before Tax | 29 | 24 | 16 | 4 | 18 | 16 | 9 | 10 | 27 | 21 | 19 | 15 | 30 |
| Tax % | 25.83% | 26.63% | 26.02% | 25.68% | 25.78% | 25.67% | 26.52% | 25.77% | 25.79% | 16.15% | 25.55% | 35.49% | 26.51% |
| Net Profit | 22 | 18 | 12 | 3 | 14 | 12 | 7 | 7 | 20 | 17 | 14 | 10 | 22 |
| 17.59 | 14.58 | 9.58 | 2.67 | 11.01 | 9.92 | 5.42 | 6.08 | 16.38 | 14.18 | 11.41 | 8.14 | 18.07 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 411 | 488 | 640 | 548 | 676 | 931 | 1,004 | 931 | 898 | 1,025 | 1,053 | |
| 406 | 454 | 574 | 506 | 582 | 792 | 882 | 818 | 799 | 909 | 942 | |
| Operating Profit | 5 | 34 | 66 | 41 | 94 | 138 | 122 | 112 | 99 | 116 | 111 |
| OPM % | 1.14% | 7.02% | 10.29% | 7.52% | 13.95% | 14.87% | 12.11% | 12.07% | 11.05% | 11.30% | 10.53% |
| 30 | 15 | 2 | 19 | 1 | 1 | 4 | 3 | -3 | 11 | 9 | |
| Interest | 22 | 18 | 17 | 18 | 12 | 12 | 18 | 19 | 18 | 17 | 17 |
| Depreciation | 14 | 14 | 19 | 15 | 15 | 17 | 19 | 22 | 25 | 28 | 29 |
| Profit before Tax | -1 | 17 | 32 | 27 | 68 | 110 | 89 | 74 | 54 | 82 | 85 |
| Tax % | -53.28% | 40.50% | 37.13% | 41.79% | 25.80% | 26.81% | 31.31% | 26.12% | 25.87% | 25.14% | 25.41% |
| Net Profit | -2 | 10 | 20 | 16 | 51 | 81 | 61 | 54 | 40 | 61 | 64 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 41.22 | 65.92 | 49.71 | 44.41 | 32.44 | 50.11 | — |
| Dividend Payout % | 0.00% | 0.00% | 9.08% | 11.65% | 4.85% | 4.55% | 6.04% | 6.75% | 9.25% | 5.99% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 9%
- 3 Years:
- 1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 6%
- 5 Years:
- 4%
- 3 Years:
- 0%
STOCK PRICE CAGR
- 10 Years:
- 21%
- 5 Years:
- -9%
- 3 Years:
- -2%
- 1 Year:
- -1%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 21%
- 3 Years:
- 14%
- Last Year:
- 15%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| 60 | 70 | 89 | 102 | 152 | 229 | 286 | 336 | 372 | 431 | |
| 143 | 117 | 96 | 106 | 93 | 96 | 96 | 110 | 150 | 145 | |
| Trade Payables | 81 | 106 | 112 | 89 | 113 | 131 | 138 | 117 | 201 | 173 |
| 54 | 60 | 86 | 118 | 130 | 153 | 185 | 201 | 190 | 220 | |
| Total Liabilities | 349 | 365 | 395 | 428 | 499 | 622 | 717 | 777 | 925 | 981 |
| 143 | 152 | 161 | 168 | 189 | 212 | 222 | 236 | 251 | 273 | |
| Capital Work in Progress | 5 | 2 | 6 | 14 | 15 | 7 | 19 | 12 | 13 | 17 |
| 31 | 26 | 20 | 1 | 1 | 1 | 2 | 8 | 4 | 18 | |
| 55 | 67 | 82 | 86 | 101 | 154 | 168 | 133 | 222 | 246 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 207 | 251 | 204 | |
| Cash & Bank | 2 | 5 | 3 | 4 | 14 | 10 | 10 | 10 | 18 | 14 |
| 113 | 112 | 124 | 154 | 179 | 238 | 296 | 171 | 165 | 209 | |
| Total Assets | 349 | 365 | 395 | 428 | 499 | 622 | 717 | 777 | 925 | 981 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 50 | 59 | 75 | 37 | 60 | 52 | 92 | 29 | 23 | 99 | |
| Cash from Investing | -8 | -15 | -21 | -14 | -14 | -27 | -36 | -36 | -28 | -60 |
| Cash from Financing | -40 | -43 | -4 | -19 | -23 | -9 | -20 | 5 | 12 | -44 |
| 0 | 1 | 45 | 0 | 10 | -4 | 1 | -1 | 7 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-26 - Punjab Chemicals & Crop Protection Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-26 - Punjab Chemicals & Crop Protection Limited has informed the Exchange about Schedule of meet
2026-08-20 - Punjab Chemicals & Crop Protection Limited has informed the Exchange about Schedule of meet
2026-08-05 - Punjab Chemicals & Crop Protection Limited has informed the Exchange about Transcript
2026-08-01 - Punjab Chemicals & Crop Protection Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 31, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-01 - Punjab Chemicals & Crop Protection Limited has informed the Exchange about Newspaper Publication regarding Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter ended June 30, 2026.
2026-07-31 - Punjab Chemicals & Crop Protection Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2026
2026-07-31 - Punjab Chemicals & Crop Protection Limited has informed the Exchange about Link of Recording
2026-07-31 - Punjab Chemicals & Crop Protection Limited has informed the Exchange about Resignation of Director/KMP/SMP
News
Recent coverage and analyst commentary for PUNJABCHEM
Loading news…
AI Stock Analyst
Punjab Chemicals & Crop Protection Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account

