MarketFriction

Punjab Chemicals & Crop Protection Ltd

NSE PUNJABCHEM · BSE 506618 · Pesticides & Agrochemicals
₹1,040.90 -1.29%
NSE close2026-10-01
52 week range876.60 - 1,533.90
Market cap₹1,283 Cr.
P/E19.2
Price band 20% Delivery 53.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales242214197242242214202320255247209347
Expenses207188183215217195177285229217181306
Operating Profit352613282619263426302841
OPM %15%12%7%11%11%9%13%11%10%12%13%12%
Other Income210120-446-021
Interest774454544454
Depreciation656667767797
Profit before tax2515418178102822191630
Tax %27%27%32%26%25%28%32%25%15%26%32%27%
Net Profit181121312672119141122
EPS in Rs14.789.131.9710.9610.094.955.7516.8215.1211.268.9518.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5375254936435506789331,0069349011,0301,058
Expenses497509450576507583793883821801912933
Operating Profit41164467429614012311399118124
OPM %8%3.0%9%10%8%14%15%12%12%11%11%12%
Other Income401212-2132133-3119
Interest503118171813121821181717
Depreciation171614191515171922252929
Profit before tax14-19242922691128973548487
Tax %4%4%29%42%51%29%25%31%27%27%24%
Net Profit13-2017171149836154396465
EPS in Rs10.83-16.2514.0113.708.7740.0368.0649.8343.7031.7552.1653.33
Dividend Payout %0%0%11%11%17%5%4%6%7%9%6%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%9%1%8%
Compounded Profit Growth24%6%2%38%
Stock Price CAGR19%-8%-2%-21%
Return on Equity20%21%15%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121212121212
Reserves-474946627985132213268318352411
Borrowings3211911511179199889394123168154
Other Liabilities196205229165189197219238241187268245
Total Liabilities482457439356371394451557616640801823
Fixed Assets232235224177180168189212222236253275
CWIP746471516720121419
Investments001111112842
Other Assets243219207174184210245337372384529528
Total Assets482457439356371394451557616640801823
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5710562616834433458302586
Cash from Investing Activity-028-5-18-20-15-9-27-38-36-31-46
Cash from Financing Activity-72-141-61-43-4-19-24-11-20412-44
Net Cash Flow-14-8-4145110-30-27-4
Free Cash Flow54114484142915222-1-840
CFO/OP126%260%401%143%111%91%59%38%76%50%36%91%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days485244313632454452779572
Inventory Days95788583759791999785151145
Days Payable7876148133103100102858075136102
Cash Conversion Cycle6454-19-1972834586986110115
Working Capital Days-88-37-83-45-43-2432438496356
ROCE %13%14%5%20%29%17%38%45%31%22%15%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.24%39.24%
FIIs2.99%2.98%3.00%3.02%2.97%2.94%3.06%2.99%3.02%3.01%3.01%5.86%
DIIs0.15%0.15%0.42%0.42%0.39%0.50%0.55%0.55%0.56%0.56%0.62%0.64%
Public57.65%57.65%57.36%57.34%57.42%57.33%57.17%57.25%57.20%57.20%57.14%54.28%
No. of Shareholders22,16821,18321,33620,68521,30221,26721,04420,20520,64119,45019,29919,497

Fundamentals

Market Cap₹ 1,283 Cr.
Current Price₹ 1,036
Stock P/E19.2
Book Value₹ 345
ROCE18.6 %
ROE16.6 %
Dividend Yield0.29 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)38%
Consolidated figures.
Valuation
Market capRs 1,276 Cr
Enterprise valueRs 1,416 Cr
P/E (TTM)19.52x
Price to book3.01x
Price to sales1.21x
EV / EBITDA10.63x
EV / EBIT13.65x
EV / sales1.34x
Price to cash flow14.92x
Earnings yield5.12%
Dividend yield0.29%
P/E, 3-year average23.01x
P/B, 3-year average3.13x
P/E, 5-year average21.42x
P/B, 5-year average4.19x
Profitability
Operating margin (excl. other income)11.48%
Operating margin (incl. other income)12.60%
EBITDA margin12.59%
Pre-tax margin8.20%
Net profit margin6.18%
Net margin, latest quarter6.36%
ROE16.23%
ROCE18.21%
ROA7.88%
ROE, 3-year average14.99%
ROCE, 3-year average18.47%
ROA, 3-year average7.27%
ROE, 5-year average22.84%
ROCE, 5-year average26.24%
ROA, 5-year average9.76%
ROIC (approx.)13.99%
Tax rate24.10%
Other income / net worth2.71%
Growth
Sales growth (latest year)14.36%
Profit growth (latest year)64.29%
Sales CAGR, 3 years0.78%
Sales CAGR, 5 years8.71%
Profit CAGR, 3 years1.54%
Profit CAGR, 5 years5.44%
Sales growth QoQ66.49%
Profit growth QoQ101.00%
Sales growth YoY (latest quarter)8.68%
Profit growth YoY (latest quarter)6.98%
Per share
EPS (TTM)Rs 53.33
EPS (latest year)Rs 52.16
EPS (latest quarter)Rs 18.00
EPS, 3-year averageRs 42.53
EPS, 5-year averageRs 49.10
Book value per shareRs 345.35
Sales per shareRs 862.43
Cash flow per shareRs 69.76
Free cash flow per shareRs 32.62
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 3.00
Dividends
Dividend payout5.75%
Dividend payout, 3-year average7.36%
Dividend payout, 5-year average6.50%
Efficiency
Asset turnover1.25x
Fixed asset turnover3.75x
Inventory turnover3.05x
Inventory days120 days
Debtor days72 days
Debtors turnover5.06x
Creditor days102 days
Cash conversion cycle115 days
Working capital days56 days
Leverage
Total debtRs 154 Cr
Cash and bankRs 15 Cr
Net debtRs 139 Cr
Debt to equity0.36x
Net debt / EBITDA1.05x
Interest coverage6.11x
Current ratio (filing 2026-03-31)1.52x
Quick ratio (filing 2026-03-31)0.79x
Trade payables (filing 2026-03-31)Rs 173 Cr
Owners' fund to total sources51.45%
Debt to assets18.74%
Cash flow
Cash from Operating Activity (latest year)Rs 86 Cr
Cash from Investing Activity (latest year)Rs -46 Cr
Cash from Financing Activity (latest year)Rs -44 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 40 Cr
FCFE (approx.: FCF + change in debt)Rs 26 Cr
Cash from ops / profit, 5 years0.77x
Sales to cash flow12.04x
Statement figures
Net sales (TTM)Rs 1,058 Cr
Net sales (latest year)Rs 1,030 Cr
Sales (latest quarter)Rs 347 Cr
Operating profit excl. other income (latest year)Rs 118 Cr
Operating profit (latest quarter)Rs 41 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 133 Cr
PBDT (TTM)Rs 116 Cr
Profit before tax (TTM)Rs 87 Cr
Tax (latest year)Rs 20 Cr
Net profit (TTM)Rs 65 Cr
Net profit (latest year)Rs 64 Cr
Net profit (latest quarter)Rs 22 Cr
Depreciation (TTM)Rs 29 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 17 Cr
Cost of goods sold (latest year)Rs 749 Cr
Total expenditure (latest year)Rs 912 Cr
Total income (latest year)Rs 1,041 Cr
Share capitalRs 12 Cr
ReservesRs 411 Cr
Shareholders' fundsRs 423 Cr
Total assetsRs 823 Cr
Net blockRs 275 Cr
Capital work in progressRs 19 Cr
InvestmentsRs 2 Cr
ReceivablesRs 204 Cr
InventoryRs 246 Cr
Other liabilitiesRs 245 Cr
Shares outstanding (crore)1.23
Ownership
Promoter holding39.24% (+0.02 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 19.5 is at the 15th percentile of its own 8.4-year range (median 33.2, low 11.4, high 128.4).
P/B 3.01 is at the 2th percentile (median 6.67).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPUNJABCHEMNifty 50Difference
1 week-1.3%-2.8% +1.5 pts
1 month-6.2%-6.8% +0.6 pts
3 months-3.5%-7.6% +4.1 pts
6 months+16.6%+0.4% +16.2 pts
1 year-18.1%-9.9% -8.1 pts
2 years-15.7%-13.6% -2.1 pts
3 years-5.9%+14.2% -20.1 pts
5 years-34.5%+27.9% -62.4 pts

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹347 Cr +8.4% vs Jun 2025. Net profit ₹22 Cr +4.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 3 Per Share
2025-07-18Dividend - Rs 3 Per Share
2024-07-25Annual General Meeting/Dividend - Rs 3 Per Share
2023-07-27Annual General Meeting/Dividend - Rs 3 Per Share
2022-08-01Annual General Meeting/Dividend - Rs 3 Per Share
2021-08-03 Dividend - Rs 2 Per Sh
2020-09-16 Annual General Meeting/Dividend - Rs 1.50 Per Share
2019-08-01 Annual General Meeting/ Dividend - Rs 1.50 Per Share
2018-09-11 Annual General Meeting
2017-09-01 Annual General Meeting
2016-08-31 Annual General Meeting
2015-09-02 Annual General Meeting
2014-09-12Annual General Meeting
2013-08-28Annual General Meeting
2012-12-20Annual General Meeting
2011-08-29Annual General Meeting
2010-08-03Annual General Meeting
2009-09-15Agm/Div-Rs.1.50 Per Share
2008-08-20Agm/Dividend - 40%
2007-08-16Agm/Dividend-25%
DateTypeWhat it says
2026-09-30Credit RatingCredit Rating
2026-09-17Concall / analyst meetSchedule of meet
2026-08-26LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-26Concall / analyst meetSchedule of meet
2026-08-20Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetTranscript
2026-08-01Shareholder meetingVoting results.
2026-07-31Shareholder meetingProceedings of Annual General Meeting held on July 31, 2026
2026-07-31Concall / analyst meetLink of Recording
2026-07-31ResignationResignation of Director/KMP/SMP
2026-07-31ResignationResignation of Director/KMP/SMP
2026-07-31Investor PresentationInvestor Presentation
2026-07-31Board meeting outcomeResignation of Mr. Avtar Singh (DIN: 00063569) from the position of Non-Executive Non-Independent Director of the Company, with effect from the close ...
2026-07-31Board meeting outcomePunjab Chemicals & Crop Protection Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-14Concall / analyst meetSchedule of meet
2026-07-09General UpdatesPursuant to regulation 36(1)(b) of the SEBI Listing Regulations, the Company has dispatched letters providing the weblink and QR code for accessing th...
2026-07-09General UpdatesBusiness Responsibility and Sustainability Report for the Financial Year 2025-26.
2026-07-09Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-07-09Shareholder meetingNotice of Annual General Meeting to be held on July 31, 2026
2026-07-06Disclosure under SEBI TakeovShalil S Shroff has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-06-12General UpdatesCommunication To Shareholders - Deduction Of Tax At Source On Dividend
2026-06-11Concall / analyst meetSchedule of meet
2026-06-11Concall / analyst meetSchedule of meet
2026-05-11Concall / analyst meetTranscript
2026-05-05Concall / analyst meetLink of Recording
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-02-17NCLTRepar Corporation Vs Punjab Chemicals and Crop Protection Ltd.
2020-12-09CESTATPUNJAB CHEMICALS AND CORP PROTECTION LTD ---VS.--- LUDHIANA
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Punjab Chemicals & Crop Protection Ltd?

Punjab Chemicals & Crop Protection Ltd (PUNJABCHEM) has a market capitalisation of Rs 1,283 Cr. at the 2026-10-01 close.

What is the P/E ratio of Punjab Chemicals & Crop Protection Ltd?

Punjab Chemicals & Crop Protection Ltd trades at a P/E of 19.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Punjab Chemicals & Crop Protection Ltd's latest quarterly results?

In the Jun 2026 quarter, Punjab Chemicals & Crop Protection Ltd sales was Rs 347 Cr (+8.4% vs Jun 2025) and net profit was Rs 22 Cr.

What is the 52-week high and low of Punjab Chemicals & Crop Protection Ltd?

The 52-week high is Rs 1,533.90 and the 52-week low is Rs 876.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03