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Paradeep Phosphates Ltd share Price

Company details

6M Return 41.45%
1Y Return 12.14%
Mkt Cap.(Cr) 5,795.15
Volume 1,602,279
Div Yield 0.70%
OI Chg %
Volume 1,602,279

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Fertilizers company Paradeep Phosphates announced Q1FY24 results:

  • Total Income in Q1FY24 is Rs 3,073 crore, up by 26% YoY.
  • Total production volumes were 6,40,784 MT, up by 126% YoY.
  • Paradeep site produced 3,53,020 MT of finished fertilizers, up by 32 % YoY.
  • Goa site, which was acquired by PPL on June 1, 2023, produced 2,87,764 of finished fertilizers in Q1FY24 respectively.
  • Total sales volumes stood at 6,21,755, up by 81% YoY.
  • The EBIDTA and PBT for Q1FY24 stood at Rs (19) and Rs (159) crore respectively.
  • Q1FY24 EBIDTA and PBT were impacted by the retrospective subsidy adjustment and partly by a carry forward of high-cost raw-material. The net one-time adjustment taken is Rs 305 crore. Sans the adjustment, EBIDTA would be Rs  285 crore.
  • Phosphoric acid expansion from 3 lakh to 5 lakh tons at the Paradeep site is completed. Backward integration benefits to accrue from subsequent quarters.
  • Key raw material prices for the industry have seen a steady decline throughout Q1FY24. The normalization is expected to aid the bottom line in FY24.
  • Given growing food demand and “area under crop cultivation” in the country, supported by good monsoons and high reservoir levels, fertilizer demand is expected to stay firm.

Commenting on the results, S Krishnan, Managing Director, Paradeep Phosphates said, “We have recorded strong production and sales volumes in Q1FY24.

Both the sites have been produced optimally. The Paradeep site in Q1FY24 has produced 3,53,020 MT of finished fertilizers up by 32% compared to Q1 last year. Our Goa site has operated at close to full utilization levels in Q1 and has produced unique grades like N-19, and N-24 in addition to our core products.

We confirm that the expansion in our phosphoric acid capacity to 5 lakh metric tons at our Paradeep site is completed effective 1st August 23 and the benefits of this backward integration are expected to accrue from Q2FY24 onwards.

The industry outlook looks good with the recent revival of monsoon, healthy reservoir levels, higher crop prices vis a vis MSPs, and normalization of global commodity prices.

With these tailwinds and our robust capabilities across supply-side, manufacturing, and pan-India distribution, we are focussed on capturing the maximum value and translating it for our shareholders in FY24.”


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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Paradeep Phosphates Ltd Stocks COMPARISION


Equity Capital: 3,504.70 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,500.03 -6,885.48
LAST 3M 36,702.89 2,100.69
LAST 6M 45,999.05 152,168.44
LAST 12M 133,371.71 158,810.39

Paradeep Phosphates Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Paradeep Phosphates Ltd is a leading fertilizer company in India was incorporated in 24th December, 1981. The Company is primarily engaged in the manufacture of Di-Ammonium Phosphate (DAP), Complex Fertilizers of NPK grades, and Zypmite (Gypsum based product) having its manufacturing facility at the port town of Paradeep, in the District Jagatsinghpur, Odisha. The Company is also involved in trading of fertilizers, ammonia, neutralized phospo gypsum, micronutrient and other materials. With its head office at Bhubaneswar and various regional offices across the country, the Company caters to the demands of farmers all over the country through its "Navratna" brand of fertilizers. The Company markets ammonia and sulphuric acid to industrial users. Their units are Di-Ammonium Phosphate (DAP) Plant with the annual capacity of 720,000 metric tonnes, Sulphuric Acid Plant with the annual capacity of 660,000 metric tonnes and Phosphoric Acid Plant with the annual capacity of 225,000 metric tonnes. The products are sold through private and institutional channels. They market their products in Andhra Pradesh, Assam, Bihar, Chhattisgarh, Haryana, Jammu & Kashmir, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Orissa, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, and West Bengal. The Company was formed as a joint venture between the Government of India and the Republic of Nauru. In August 1986, the company commissioned DAP plant with an annual capacity of 720,000 metric tonnes along with off-site facilities with 3.4 km closed conveyor from port to plant site as well as a railway siding, raw material storage yards and a 3.1 km long pipe rake. In June 1992, the company commissioned Sulphuric Acid Plant with an annual capacity of 660,000 metric tonnes and a Phosphoric Acid Plant with an annual capacity of 225,000 metric tonnes. They also commissioned two captive power units of 16 MW each, designed to run on excess steam generated by the Sulphuric Acid Plant. In June 1993, the Republic of Nauru divested their investment in the company, by which the company became a Public Sector Enterprise, wholly owned by the Government of India. The organization incurred huge loss in recent years and was consequently declared sick unit. Their production was stopped. Further they were referred to the Disinvestment Commission in the year 1998. Furthermore, the Commission recommended for strategic sale of not less than 51%. The government of India, cabinet committee on disinvestment ordered for disinvestment of 74% equity sale. In February 2002, the Government of India divested 74% of their stake in the company in favour of selected partner, Zuari Maroc Phosphates Pvt Ltd, a 50-50 joint venture of Zuari Industries Ltd and Maroc Phosphore SA, a wholly owned subsidiary of OCP, Morocco. During the year 2003-04, the company executed an export order to Nepal of around 5000 MT of DAP. Also, the company bagged an award from the Fertilizer Association of India during the year for their turnaround performance. During the year 2004-05, the company entered into Finance Lease arrangement with Srei International Finance Ltd for procuring a Ship Unloader on lease. In May 2006, the company received the ISO 14001: 2004 certification for good environment management systems. In March 2007, Zuari Maroc Phosphates Pvt Ltd holds 80.45% stake in the company and the Government of India holds 19.55% stake in the company. The company proposes to ramp up DAP capacity from their present 720,000 tonnes to over one million at their existing plant through investments to modernize equipment and achieve optimum capacity utilization. In 2019-20, the Company commissioned Gypsum pond-II. It took up engineering work for 4 Evaporator of capacity 350 TPD by Simon India Limited. It was decided to put up 400 TPD Phosphoric acid plant by using Prayon Technology. Basic engineering completed by M/s Jacobs, Lakeland (USA). It commissioned site fabrication for Scrubber vessels & Pre-neutralization tank. It commended dismantling activities & erection of new equipment. On 1 June 2022, the Company acquired the Goa Fertilizer Plant from Zuari Agro Chemicals Limited (ZACL) for USD 280 million on a slump sale basis. Through the Offer or Sale in the IPO, the Government divested its residual stake of 19.55% in the Company. The initial divestment took place when the Government sold 74% of its stake in 2002, and consequently, after the second round of stake sale by Government, the Company became fully a Private Company.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543530
Book Closure Date (Month) :
BSE Group : A
ISIN : INE088F01024

FAQ’s on Paradeep Phosphates Ltd Shares

You can buy Paradeep Phosphates Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Paradeep Phosphates Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:59 PM the closing price of Paradeep Phosphates Ltd was ₹ 71.15.

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 Sep 22, 2023 03:59 PM, the market cap of Paradeep Phosphates Ltd stood at ₹ 5,795.15.

The latest PE ratio of Paradeep Phosphates Ltd as of Sep 22, 2023 03:59 PM is 47.79

The latest PB ratio of Paradeep Phosphates Ltd as of Sep 22, 2023 03:59 PM is 0.60

The 52-week high of Paradeep Phosphates Ltd is ₹ 75.40 while the 52-week low is ₹ 48.30

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