Paradeep Phosphates Ltd
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company. The company is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (namely NPK-10, NPK-12, and NP-20), Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid.[1]
Strengths
- +Company has delivered good profit growth of 35.2% CAGR over last 5 years
Weaknesses
- −Company has a low return on equity of 13.2% over last 3 years.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.08% | 56.08% | 56.05%▼0.0 | 56.05% | 56.04%▼0.0 | 57.2%▲1.2 | 57.7%▲0.5 | 57.79%▲0.1 |
| FIIs | 1.9% | 2.05%▲0.1 | 5.4%▲3.4 | 7.17%▲1.8 | 13.97%▲6.8 | 15.01%▲1.0 | 11.43%▼3.6 | 8.36%▼3.1 |
| DIIs | 26.83% | 27.09%▲0.3 | 25.54%▼1.6 | 24.44%▼1.1 | 18.18%▼6.3 | 14.56%▼3.6 | 13.25%▼1.3 | 15.49%▲2.2 |
| Public | 15.18% | 14.79%▼0.4 | 13.01%▼1.8 | 12.33%▼0.7 | 11.82%▼0.5 | 13.21%▲1.4 | 17.52%▲4.3 | 18.25%▲0.7 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,595 | 2,243 | 2,377 | 4,619 | 4,990 | 4,194 | 4,504 | 6,872 | 5,749 | 4,702 |
| Expenses | 2,313 | 2,095 | 2,230 | 4,112 | 4,551 | 3,811 | 3,923 | 6,216 | 5,276 | 4,260 |
| Operating Profit | 282 | 148 | 147 | 507 | 438 | 383 | 581 | 657 | 472 | 442 |
| OPM % | 11% | 7% | 6% | 11% | 9% | 9% | 13% | 10% | 8% | 9% |
| Net Profit | 109 | 20 | 6 | 255 | 209 | 172 | 317 | 342 | 182 | 156 |
| EPS ₹ | 1.34 | 0.25 | 0.08 | 3.13 | 2.57 | 2.11 | 3.89 | 4.19 | 1.75 | 1.5 |
AI Insights
Mar 2026 revenue at ₹21,826Cr, up 57.9% YoY. OPM at 10%.
Borrowings at ₹6,906Cr. Debt-to-equity ratio: 1.20x. High leverage — monitor closely.
CWIP at ₹424Cr (7% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 15.49% (-6.99pp change). FIIs: 8.36% (+3.11pp change). Promoters hold 57.79%.
ROCE improving from 0% (Mar 2017) to 17% (Mar 2026). Working capital days: 18.
PE 12.3x with 17.1% ROCE. Price is 87% above book value of ₹65.3. Dividend yield: 0.81%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 13 May - Audio recording of May 13, 2026 analyst and investor conference call uploaded on company website.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 May - Newspaper publication on audited financial results 31.03.2026 attached
- Announcement under Regulation 30 (LODR)-Investor Presentation 12 May - Investor presentation on the financial results of the Company for the quarter and year ended March 31, 2026 is enclosed
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 11 May - Paradeep Phosphates reported FY26 PAT of ₹1,000 crore, and commissioned sulphuric acid plants at Paradeep and Mangalore.
- Report From The Audit Committee And Independent Directors Of The Company Certifying Distribution Of Proceeds To Eligible Shareholders Of Fractional Shares Pursuant To The Composite Scheme Of Arrangement Amongst Paradeep Phosphates Limited, Mangalore Chemicals & Fertilizers Limited And Their Respective Shareholders And Creditors 11 May - Audit Committee and independent directors certified distribution of Rs 25,89,626.96 from 23,217 fractional shares on May 8, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse