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Swing Capital

Punjab Chemicals & Crop Protection Ltd

NSE: PUNJABCHEM BSE: 506618Agri

Incorporated in 1975, Punjab Chemicals & Crop Protection Ltd is in the business of Performance Chemicals[1]

₹1,002
52W: ₹876 — ₹1666
PE 19.5 · Book ₹361 · +178% vs book
Market Cap₹1,229 Cr
Stock P/E19.5Price to Earnings
ROCE17.6%Return on Capital
ROE15.2%Return on Equity
Div. Yield0.28%Face Value ₹10

Weaknesses

  • −The company has delivered a poor sales growth of 8.68% over past five years.
  • −Dividend payout has been low at 7.33% of profits over last 3 years

Shareholding Pattern

Promoters39.24%
FIIs3.01%
DIIs0.62%
Public57.14%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters39.22%39.22%39.22%39.22%39.22%39.22%39.22%39.24%▲0.0
FIIs3.02%2.97%▼0.02.94%▼0.03.06%▲0.12.99%▼0.13.02%▲0.03.01%▼0.03.01%
DIIs0.42%0.39%▼0.00.5%▲0.10.55%▲0.10.55%0.56%▲0.00.56%0.62%▲0.1
Public57.34%57.42%▲0.157.33%▼0.157.17%▼0.257.25%▲0.157.2%▼0.057.2%57.14%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales213.02196.1241.79241.54213.58201.47318.59253.76245.92207.13
Expenses187.77182.28213.99216194.02176.42284.55228.45216.43180.5
Operating Profit25.2513.8227.825.5419.5625.0534.0425.3129.4926.63
OPM %11.85%7.05%11.5%10.57%9.16%12.43%10.68%9.97%11.99%12.86%
Net Profit11.743.2713.512.166.657.4620.0817.3913.999.98
EPS ₹9.572.6711.019.925.426.0816.3814.1811.418.14

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,025Cr, up 14.1% YoY. OPM at 11%.

Debt Position

Borrowings at ₹154Cr. Debt-to-equity ratio: 0.36x. Healthy balance sheet.

Capex Cycle

CWIP at ₹17Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.62% (+0.42pp change). FIIs: 3.01% (+0.04pp change). Promoters hold 39.24%.

Margin & Efficiency

ROCE improving from 12% (Mar 2015) to 18% (Mar 2026). Working capital days: 59.

Valuation

PE 19.5x with 17.6% ROCE. Price is 178% above book value of ₹361. Dividend yield: 0.28%.

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