Paradeep Phosphates Share Price
PARADEEP
Paradeep Phosphates Share Price Chart
About Paradeep Phosphates
Paradeep Phosphates Financials
Market cap ₹8,574 Crs | Open ₹105.14 | Close ₹105.18 |
Circuit range ₹126.21 - ₹84.14 | Day range ₹104.73 - ₹108.40 | Year range ₹61.95 - ₹119.55 |
Volume 44,39,953 | Avg. traded ₹107.20 | Revenue (12m) ₹11,059 Crs |
Paradeep Phosphates Limited (PPL) is India's second largest integrated private sector fertiliser manufacturer. It is among India’s foremost private sector players in the phosphatic fertiliser segment, with a market share of around 8%.
The Bhubaneswar-headquartered company was incorporated in 1981 as a joint venture between the Indian government and the Republic of Nauru to establish a phosphatic fertiliser manufacturing unit in Paradeep, Odisha.
The Republic of Nauru divested its stake in 1993, paving the way for PPL to become a Central Public Sector Unit (CPSU). The Government of India divested about 80% of its stake in 2002 to Zuari Maroc Phosphates Pvt Ltd, a joint venture between an indigenous fertiliser firm Zuari Agro Chemicals Limited (ZACL) and Morocco based phosphate giant OCP Group S.A.
In 2022, the central government offloaded its remaining 19.55% stake, as PPL launched a ₹1500 crore initial public offering (IPO). The company utilised a portion of the fund raised through IPO to take over a 1.2 million Metric ton capacity fertiliser plant in Goa the same year. After the IPO, ZMPPL now owns a 56.1% stake in PPL.
The company’s market capitalisation stood at nearly ₹1,000 crore as of December 22, 2023. PPL share price has surged more than 358% in the last three years.
Business operations
PPL owns and operates two fertiliser plants in Paradeep and Goa with a cumulative maximum production capacity of 3 million tons. Paradeep houses the larger manufacturing unit, having a maximum production capability of 1.8 MMT. PPL has another 1.2 MMT unit in Goa.
PPL has entered into long-term contracts with vendors in various parts of the world for sourcing its raw materials. It markets the finished fertilisers under the well-known brands Jai Kisaan and Navratna to its customer base of more than 8 million farmers in 15 states in the country. The company offers its products through an extensive network of 21 regional marketing offices, more than 6,500+ dealers, over 65,500 retailers, and 450 stock points.
The manufacturing units of PPL churn out a wide range of phosphatic fertilisers. PPL is also a leading supplier of industrial products like gypsum, zypmite, hydrofluorosilicic acid, sulphuric acid, and ammonia.
Financial highlights
Paradeep Phosphates Limited (PPL) saw its profit margin shrink, though its revenues rose sharply in FY 2022-23.
Total income of the company increased by 70% to ₹13,432 crore, up by 70% YoY compared to ₹7898 crore in FY22.
Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) increased to ₹892.1 crore in FY23, representing a year-on-year growth of 26%.
Consolidated profit after tax (PAT) dropped 23.66% year-on-year to ₹304.18 crore in FY23 from ₹398.45 crore in FY22.
The company's earnings per share (EPS) dropped to ₹3.9 in FY23 as against ₹6.9 in FY22.
Paradeep Phosphates Key indicators
52 week high ₹119.55 | 52 week low ₹61.95 | P/E ratio 23.56 |
P/B ratio 2.31 | ROE 2.81% | ROCE 6.45% |
Dividend yield 0.47% | Debt/Equity ratio 1.12 | EPS 1.22 |
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Analyst ratings:
Analyst ratings:
100%
Hold
0%
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This analysis is based on the reviews of 2 experts in the last 7 days
Paradeep Phosphates Fundamentals
Paradeep Phosphates Financial Ratios
Operating profit margin6.05% | Net profit margin0.84% |
ROE2.81% | ROA0.98% |
ROCE6.45% |
Quick ratio0.75 | Current ratio1.1 |
Interest coverage1.38 | Asset turnover1.17 |
Debt to Equity1.12 |
P/E ratio23.56 | P/B ratio2.31 |
EV / EBITDA12.95 | |
Dividend yield0.47% |
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Revenue statement
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Balance sheet
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Paradeep Phosphates Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Nov 19 2024 | ₹107.00 | ₹105.18 | -2.04% |
Mon, Nov 18 2024 | ₹104.75 | ₹107.37 | |
Thu, Nov 14 2024 | ₹107.75 | ₹104.27 | -2.30% |
Wed, Nov 13 2024 | ₹104.50 | ₹106.72 | |
Tue, Nov 12 2024 | ₹107.10 | ₹105.53 | -1.20% |
Mon, Nov 11 2024 | ₹109.48 | ₹106.81 | -2.54% |
Fri, Nov 8 2024 | ₹113.60 | ₹109.59 | -3.14% |
Thu, Nov 7 2024 | ₹109.80 | ₹113.14 |
Events
Corporate actions
Dividend • ₹0.5/share
Ex date 17 Sep 2024
Dividend • ₹0.5/share
Ex date 18 Sep 2023
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