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50.90
51.70
37.45
54.95
6M Return 0.00%
1Y Return 16.84%
Mkt Cap.(Cr) 4,182.45
Volume 289,458
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 289,458

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Rapid Results

Q1FY23 Quarterly Result Announced for Paradeep Phosphates Ltd.

Paradeep Phosphates announced Q1FY23 results:

  • Revenue from operations at Rs 2435 crores, up by 85%, as compared to Rs 1316 crores of Q1 FY 21-22.
  • EBITDA at Rs 167 crores, up by 56%, as compared to Rs 107 crores of Q1 FY 21-22.
  • Total fertilizers produced at 283,624 MT vis a vis 227,785 MT in Q1 FY 21-22.
  • New NPK grade NPK 14:28:0 launched. Improves farmer choice in their quest for a soil-specific and crop-specific applications.
  • Acquisition of the Goa fertilizer plant completed as on June 1st 2022. Has added 1.2 million MTPA to the company’s total capacity. As of June 30th 2022, the company’s annualized capacity stands at 2.85 million MT per annum.
  • Finance cost have increased due to increase in subsidy outstanding and currency volatility vis-à-vis previous year.
  • Fertilizer demand expected to remain firm for ongoing Kharif and the Rabi seasons, given the low stocks and healthy rainfall projections.

Commenting on the results, Mr. S Krishnan, Managing Director, Paradeep Phosphates said, “During the first quarter, we have added significant capacities through organic as well as inorganic route. This includes completion of revamp of three out of our four granulation trains at Paradeep site and also completion of the acquisition of the Goa plant which has in turn added 1.2 million MT to our overall capacity. With this, PPL now has an annualised capacity of 2.85 MMTPA as of 30th June’22. This quarter also marks the launch of a new product from our portfolio – the NPK 14:28:0 – a product that is a balanced combination of “N” and “P” ingredients and helps to further deepen our farmer linkages. While the Paradeep unit continues to perform well taking advantage of the deep supply chain linkages and long term procurement contracts, our current quarter performance has been impacted due to the various acquisition related costs such as stamp duty charges and the start-up costs of the urea-ammonia operations – all of which have been expensed off as per accounting standards. We believe robust demand will continue for sector on account of low inventory, good monsoon and high level of reservoir.”

 

 

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,827.51 Cr FV: 10.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 2,384.58 23,141.09
LAST 3M 49,521.50 -18,551.54
LAST 6M 129,719.68 -157,153.27
LAST 12M 215,295.98 -222,611.80

Information

  • About Company
  • Company Info
  • Listing Info
10.35
56.1%
39.6441
13.6%
13.01%
Description
  • Paradeep Phosphates Ltd is a leading fertilizer company in India. The company is engaged in the manufacturing and marketing of Di-ammonium Phosphate and complex fertilizers of NPK grades. They also markets ammonia and sulphuric acid to industrial users. The company is having their manufacturing facility at the port town of Paradeep. 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 company is having their head office at Bhubaneshwar and various regional offices across the country. They cater to the demands of farmers all over the country through their Navratna brand of fertilizers. The company`s 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. Paradeep Phosphates Ltd was incorporated in the year 1981. 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.

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

ICICIdirect Paradeep Phosphates Ltd FAQ

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 Aug 08, 2022 09:40 AM the closing price of Paradeep Phosphates Ltd was ₹ 51.35.
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 Aug 08, 2022 09:40 AM, the market cap of Paradeep Phosphates Ltd stood at ₹ 4,182.45.
The latest PE ratio of Paradeep Phosphates Ltd as of Aug 08, 2022 09:40 AM is 10.35
The latest PB ratio of Paradeep Phosphates Ltd as of Aug 08, 2022 09:40 AM is 0.78
The 52-week high of Paradeep Phosphates Ltd is ₹ 54.95 while the 52-week low is ₹ 37.45 .

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