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Primo Chemicals Ltd share Price Today

Company details

42.05
43.74
34.00
79.78
6M Return -26.70%
1Y Return -46.02%
Mkt Cap.(Cr) 1,026.56
Volume 204,333
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 204,333

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Punjab Alkalies & Chemicals announced Q3FY23 results:

  • Consolidated Q3FY23:
    • Revenue from operations of Rs 1,876 million, growth of 44% YoY from Rs 1,307 million in Q3FY22.
    • EBITDA of Rs 510 million, compared to Rs 616 million in Q3FY22
    • Net Profit of Rs 300 million, compared to Rs 429 million in Q3FY22.
  • 9MFY23:
    • Revenue from operations of Rs 5,596 million, growth of 91% YoY from Rs 2,930 million in 9MFY22
    • EBITDA showed more than 4x fold increase of Rs 1,826 million, compared to 425 million in 9MFY22
    • Net Profit showed more than 8x fold increase of Rs 1,198 million, compared to Rs 146 million in 9MFY22

Commenting on the results, Mr. Naveen Chopra, Managing Director, said: “I am pleased to report a robust revenue growth of 44% YoY during the quarter, driven by higher demand for our products.

During the quarter, the revenue generated from operations amounted to Rs 1,876 million and EBITDA was recorded at Rs 510 million, with margin of 27%. The net profit for the period reached Rs 300 million, resulting in a margin of 16%. The company capitalized the Expansion Project for Rs 688 million, leading to increased depreciation and margin pressure.

During the quarter, we announced a new chapter in the evolution of our company and decided to rebrand and change our company name to “Primo Chemicals Limited”. Our new name reflects our commitment to growth and provide exceptional products and services to our customers. The name change aligns with our vision to be a leader in our industry, reinforces our dedication to deliver excellence in all that we do and represents our ongoing commitment to meet the evolving needs of our customers and the market."

Result PDF

View Other Company Results

Primo Chemicals Ltd shares SWOT Analysis

Strengths (8)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (7)

  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Revenue every quarter for the past 4 quarters

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (0)

Data not found

Resistance and support

R1 43.4
R2 44.4
R3 45.1
Pivot

42.72

S1 41.7
S2 41.0
S3 40.0
EMA SMA
41.1
42.1
45.6
51.6
39.7
41.2
45.7
52.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Bulk Purchase 2023-07-12 60.1 4797345 BSE
QUANT MUTUAL FUND Bulk Purchase 2022-10-25 79 4556962 BSE
BONANZA COMMODITY BROKERS PRIVATE LIMITED Bulk Purchase 2022-10-25 79.23 1736970 BSE
Name Category Shares
SUKHBIR SINGH DAHIYA PROMOTER 10.43%
JAGBIR SINGH AHLAWAT PROMOTER 6.4%
PARERNA AHLAWAT PROMOTER 4.57%
JATIN DAHIYA PROMOTER 2.26%
DAYAWATI DAHIYA PROMOTER 1.47%
FLOWTECH INDUSTRIAL PROJECTS PRIVATE LIMITED PROMOTER 3.97%
HIMALAYA ALKALIES & CHEMICALS LIMITED PROMOTER 1.07%
TARA MERCANTILE PRIVATE LIMITED PROMOTER 0.73%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
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Primo Chemicals Ltd Stocks COMPARISON

Financials( in Cr) Primo Chemicals Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 42.36 2,985.85 2,632.30 6,795.00 3,582.95
% Change -2.40 -0.47 -0.50 -2.42 3.06
Mcap Cr 1,026.56 151,863.02 78,027.95 57,950.48 39,358.71
Revenue TTM Cr 707.38 11,799.10 14,870.25 3,135.52 5,684.66
Net Profit TTM Cr 133.98 1,288.87 2,162.34 538.06 1,323.05
PE TTM 0.00 88.69 52.86 135.48 59.09
1 Year Return -46.02 26.75 10.15 62.26 15.70
ROCE 46.60 24.24 21.98 16.29 29.38
ROE 43.36 18.93 22.89 14.70 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 412.48 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34

Primo Chemicals Ltd Information

Stock PE (TTM)
0
Promoter Holding
31.35%
Book Value
14.8637
ROCE
46.6%
ROE
43.36%
Description
  • Primo Chemicals Ltd (Formerly known Punjab Alkalies and Chemicals Ltd) was incorporated in December 1975. The Company is the largest producer of Caustic Soda in Northern India and is operating two units based on Membrane Cell Technology in its Plant Complex at Naya Nangal, Distt. Ropar Punjab (India). The Company has increased its Caustic production capacity from 300 TPA to 500 TPA resultant into combined manufacturing capacity of 165,000 TPA of Caustic Soda. Key product in company`s product portfolio include Caustic Soda Lye with by-products of Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite and Hydrogen gas. In Jan.`94, its caustic soda plant (inst. cap.: 37059 tpa) commenced operations. In Sep.`87, the company commissioned its caustic soda concentration and flaking unit, and in 1988, completed the changeover from graphite anodes to dimensionally stable metal anodes in all the cells, and also installed an anode control and protection device in its caustic soda plant. In Oct.`91, it commissioned the capacity optimisation project in phase-I, as a result of which the installed capacity of caustic soda and liquid chlorine increased to 41152 tpa and 29700 tpa respectively. With the implementation of phase-II of capacity optimisation project, the installed capacity of caustic soda increased to 50820 tpa. It also commissioned a waste air de-chlorination unit in Nov.`92. PAC offered rights (premium: Rs 35) in Mar.`94 to finance the expansion of its caustic soda plant by 33000 tpa based on membrane cell technology. The plant with its expanded capacity, started commercial production in Aug.`95. In 1996-97, the company received the ISO 9002 Certification by DET NORSKE VERITAS(DNV), Netherlands. In 1998-99, it increased the installed capacity of caustic soda, liquid chlorine and hydrogen gas to 99,000 MT, 87,714 MT and 277,20,000 NM3. The Company is in the process of changing the membranes of 100 TPD Membrane Cell Caustic Soda Plant to reduce power consumption. The know-how for the membrane has been fully absorbed. The know-how for the company`s Mercury Cell to 200 TPD Membrane Cell converted Caustic Soda Plant has also been absorbed. The company has become a Sick Company and necessary reference is made to BIFR. The Chlorinated Paraffin Wax (CPW) Plant set up by M/s. Flow Tech Chemicals Pvt. Limited on B.O.O. basis in the Company`s Plant Complex was commissioned in 2015-16. In 2016-17, the Company replaced the Membranes of its Unit-I and Unit-II Plant and the Anodes and Cathodes recoated in Electrolysers of its Plant Unit-I. The Board of Directors in its meeting held on 16th March, 2021 approved the proposal to purchase and set up a Captive Power Plant of 35 MW capacity by using second hand plant and machinery on EPC basis from Durva Infratech LLP.

Registered Address

S C O 125-127, Sector 17 - B, Chandigarh, Chandigarh, 160017

Tel : 91-172-4072500-01
Email : sharesqueries:punjabalkalies.com; secretarial:punj
Website : http://www.punjabalkalies.com
Registrar

Punjab Alkalies & Chemi. Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 506852
NSE Code : PUNALKALI
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE607A01022

FAQ’s on Primo Chemicals Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Apr 12, 2024 04:01 PM the closing price of Primo Chemicals Ltd was ₹ 42.36.

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 Apr 12, 2024 04:01 PM, the market cap of Primo Chemicals Ltd stood at ₹ 1,026.56.

The latest PE ratio of Primo Chemicals Ltd as of Apr 12, 2024 04:01 PM is 0

The latest PB ratio of Primo Chemicals Ltd as of Apr 12, 2024 04:01 PM is 0.35

The 52-week high of Primo Chemicals Ltd share price is ₹ 79.78 while the 52-week low is ₹ 34.00

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