Punjab Chemicals & Crop Protection Limited (PUNJABCHEM)

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Punjab Chemicals & Crop Protection Limited (PUNJABCHEM) · mywealthgrid

About

Small-cap pesticides and agrochemicals manufacturer operating in India's Materials sector, with market cap ₹1,346.6 Cr and quarterly revenues ranging ₹207–347 Cr. Maintains operating margins of 11–13% and has paid dividends consistently over 8+ years.

Face value: ₹10

Market cap

₹1,280 Cr

P/E

19.6×

P/B

3.0×

Dividend yield

0.6%

ROE

16.2%

ROCE

21.9%

Debt / equity

0.36

OPM

11.5%

EPS (TTM)

₹53.3

Book value

₹345.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock declined 17.8% YoY while operating fundamentals stable (OPM 11.47%, ROE 16.23%); verify whether decline reflects sector headwinds, input cost pressure, or valuation reset.

Quarterly revenue varies ₹140 Cr (₹207–347 Cr range), indicating strong seasonality or demand volatility; verify whether predictable or signal of market share loss.

PE ratio 20.59 elevated for business showing limited growth in recent quarters; verify if near-term inflection or if market is pricing assumptions not visible in current earnings.

Institutional investor participation thin (FII 5.86%, DII 0.63% as of Jun 2026); verify whether reflects analyst coverage gap, small-cap illiquidity, or perceived weakness.

Generated analysis · source review pending

Growth drivers

Jun 2026 quarterly revenue of ₹347.24 Cr is highest in dataset; verify if marks structural uplift or seasonal peak.

ROE 16.23% and D/E 0.36 demonstrate capital efficiency and debt capacity for strategic deployment or acquisitions.

Consistent dividend payout spanning 8+ years (2022–2026) signals stable operating cash generation.

Operating margins stable 11–13% across all quarters; verify if sector structure permits expansion or if competitive environment enforces structural ceiling.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,029.3-0.6%1Y

Quick read

rule-based

Pros

+High return on capital employed of 21.2%

Cons

−Modest revenue growth of 8.7% a year over the last 5 years
−Low dividend payout of 11.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 48
Growth: 22
Valuation: 71

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Upl LimitedUPLUPL	₹43,628 Cr	₹65,674 Cr	₹52,804 Cr	₹9,326 Cr	17.9%	₹2,020 Cr	4.3%	11.2%	6%	135
Sumitomo Chemical India LimitedSUMICHEMSUMICHEM	₹20,842 Cr	₹20,844 Cr	₹3,245 Cr	₹685 Cr	20.7%	₹579 Cr	16.8%	23.1%	17.3%	155
Bayer Cropscience LimitedBAYERCROPBAYERCROP	₹15,958 Cr	—	₹5,472 Cr	₹688 Cr	15.4%	₹568 Cr	12.1%	28.4%	23.7%	300
Sharda Cropchem LimitedSHARDACROPSHARDACROP	₹6,397 Cr	₹6,397 Cr	₹5,357 Cr	₹1,047 Cr	20.4%	₹626 Cr	12.9%	28%	24.2%	125
Dhanuka Agritech LimitedDHANUKADHANUKA	₹4,217 Cr	₹4,259 Cr	₹2,035 Cr	₹417 Cr	20.5%	₹297 Cr	14.6%	28.9%	22.3%	160
Rallis India LimitedRALLISRALLIS	₹3,884 Cr	₹3,942 Cr	₹2,604 Cr	₹274 Cr	10.5%	₹164 Cr	6.3%	13.2%	10%	104
Bhagiradha Chemicals & Industries LimitedBHAGCHEMBHAGCHEM	₹3,063 Cr	₹3,294 Cr	₹607 Cr	₹79 Cr	10.7%	₹28 Cr	3.4%	4.8%	2.6%	148
Nacl Industries LimitedNACLINDNACLIND	₹3,054 Cr	₹3,355 Cr	₹1,519 Cr	₹106 Cr	6.5%	₹12 Cr	0.3%	11.8%	0.8%	105
Gsp Crop Science LimitedGSPCROPGSPCROP	₹2,113 Cr	₹2,373 Cr	₹1,517 Cr	₹185 Cr	12.2%	₹-3 Cr	6.2%	20.7%	-0.4%	121
Bharat Rasayan LimitedBHARATRASBHARATRAS	₹1,658 Cr	₹1,659 Cr	₹1,203 Cr	₹177 Cr	16%	₹140 Cr	11.7%	17.5%	12.1%	219
Insecticides (India) LimitedINSECTICIDINSECTICID	₹1,655 Cr	₹1,799 Cr	₹2,060 Cr	₹210 Cr	10.6%	₹125 Cr	6.5%	17.1%	12.1%	168
Astec Lifesciences LimitedASTECASTEC	₹1,580 Cr	₹2,029 Cr	₹441 Cr	₹6 Cr	-1%	₹-67 Cr	-18.1%	-9.3%	-25.9%	263

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	550	678	933	1,006	934	901	1,030
COGS	325	405	569	636	572	538	617
Gross profit	224	273	364	370	362	363	413
	182	178	224	247	248	264	295
	42	96	140	123	113	99	118
OPM %	7.7%	14.1%	15%	12.2%	12.1%	11%	11.5%
Depreciation	15	15	17	19	22	25	29
Interest	18	13	12	18	21	18	17
	13	2	1	3	3	-3	12
Profit before tax	22	69	112	89	73	54	84
Tax	11	20	28	28	20	15	20
Tax %	51.3%	28.9%	25.2%	31.3%	26.7%	27.3%	24.1%
	11	49	83	61	54	39	64
PAT margin %	2%	7.2%	8.9%	6.1%	5.7%	4.3%	6.2%
EPS (₹)	8.8	40	68.1	49.8	43.7	31.8	52.2
EPS adjusted (₹)	8.8	40	68.1	49.8	43.7	31.8	52.2
	17.1%	5%	4.4%	6%	6.9%	9.4%	5.8%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	12	12	12	12	12	12	12
Reserves	—	132	213	268	318	352	411
	—	81	87	94	123	168	154
	—	225	244	241	187	268	245
Total equity & liabilities	—	451	557	616	640	801	823
	161	184	207	222	236	253	275
CWIP	—	15	7	19	12	13	17
Investments	—	1	1	2	8	4	2
	—	251	342	373	384	530	529
Total assets	—	451	557	616	640	801	823

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	40.8%	40.3%	39%	36.8%	38.7%	40.3%	40.1%
EBITDA margin %	7.7%	14.1%	15%	12.2%	12.1%	11%	11.5%
EBIT margin %	4.9%	11.9%	13.2%	10.3%	9.8%	8.2%	8.7%
PAT margin %	2%	7.2%	8.9%	6.1%	5.7%	4.3%	6.2%
Working capital
Receivable days	—	45	44	52	77	95	72
Inventory days	—	91	99	97	85	151	145
Payable days	—	102	85	80	75	136	102
NWC days	—	34	58	69	86	110	115
Leverage
Current ratio	—	1.09	1.29	1.48	1.59	1.51	1.52
Debt to EBITDA	—	0.85	0.62	0.77	1.08	1.69	1.31
Debt to equity	—	0.56	0.39	0.33	0.37	0.46	0.36
Interest coverage	2.2	6.1	10	5.9	4.5	4.2	6.1
Asset turnover	—	1.5	1.68	1.63	1.46	1.12	1.25
Return ratios
Return on assets %	—	10.9%	15%	9.9%	8.4%	4.9%	7.8%
Return on capital employed %	—	34.7%	45.5%	31.5%	24.3%	17.6%	21.9%
Return on equity %	—	34%	37%	21.8%	16.2%	10.7%	15.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.24%	39.24%
	2.98%	2.98%	3%	3.02%	2.97%	2.94%	3.06%	2.99%	3.02%	3.01%	3.01%	5.86%
	0.15%	0.15%	0.42%	0.41%	0.39%	0.5%	0.55%	0.54%	0.56%	0.56%	0.62%	0.63%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	57.65%	57.65%	57.36%	57.35%	57.42%	57.34%	57.17%	57.25%	57.2%	57.21%	57.13%	54.27%
No. of shareholders	—	—	—	—	—	—	—	—	20,641	19,450	19,299	19,497

Promoter holding up 0.02 percentage points since Sep 2023.

10 deals · 29 Jul 2025 – 30 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Jul 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	95,508	₹1,594.51	₹15.23 Cr
30 Jul 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	95,508	₹1,594.58	₹15.23 Cr
29 Jul 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,69,532	₹1,514.70	₹25.68 Cr
29 Jul 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,69,532	₹1,516.96	₹25.72 Cr
29 Jul 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,02,829	₹1,523.73	₹15.67 Cr
29 Jul 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,02,829	₹1,522.19	₹15.65 Cr
29 Jul 2025	QE SECURITIES LLP	Bulk	NSE	Buy	76,406	₹1,519.76	₹11.61 Cr
29 Jul 2025	QE SECURITIES LLP	Bulk	NSE	Sell	75,153	₹1,517.26	₹11.40 Cr
29 Jul 2025	MUSIGMA SECURITIES	Bulk	NSE	Sell	71,240	₹1,525.76	₹10.87 Cr
29 Jul 2025	MUSIGMA SECURITIES	Bulk	NSE	Buy	71,240	₹1,525.61	₹10.87 Cr

1–10 of 10

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Mukesh Dahyabhai PatelNon-Executive - Non Independent Director-Chairperson
Mr. Shalil Shashikumar ShroffExecutive Director-MD
Mr. Capt. Surjit Singh Chopra -Retd.Non-Executive - Non Independent Director
Mr. Vijay Dilbagh RaiNon-Executive - Non Independent Director
Mrs. Aruna Rajendra BhingeNon-Executive - Independent Director
Mr. Shivshankar Shripal TiwariNon-Executive - Non Independent Director
Mr. Avtar SinghNon-Executive - Non Independent Director
Mrs. Tara SubramaniamNon-Executive - Independent Director
Mr. Vinod Kuma GuptaChief Executive Officer
Mr. Kapil Kumar MehanNon-Executive - Independent Director
Mr. Suresh AroraNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Punjab Chemicals & Crop Protection Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

May 2026Transcript AI Summary PPT REC
Jan 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

11

Final dividend17 Jul 2026 · ex-date₹3
Final dividend18 Jul 2025 · ex-date₹3
Final dividend25 Jul 2024 · ex-date₹3
Final dividend27 Jul 2023 · ex-date₹3
Final dividend1 Aug 2022 · ex-date₹3
Final dividend3 Aug 2021 · ex-date₹2
Final dividend16 Sept 2020 · ex-date₹1.5
Dividend dividend1 Aug 2019 · ex-date₹1.5
Dividend dividend15 Sept 2009 · ex-date₹1.5
Dividend dividend20 Aug 2008 · ex-date₹4
Dividend dividend16 Aug 2007 · ex-date₹2.5

1

Board meeting to consider results31 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

3 announcementsExport CSV

30 Sept 2026, 12:44 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	40.8%	40.3%	39%	36.8%	38.7%	40.3%	40.1%
EBITDA margin %	7.7%	14.1%	15%	12.2%	12.1%	11%	11.5%
EBIT margin %	4.9%	11.9%	13.2%	10.3%	9.8%	8.2%	8.7%
PAT margin %	2%	7.2%	8.9%	6.1%	5.7%	4.3%	6.2%
Working capital
Receivable days	—	45	44	52	77	95	72
Inventory days	—	91	99	97	85	151	145
Payable days	—	102	85	80	75	136	102
NWC days	—	34	58	69	86	110	115
Leverage
Current ratio	—	1.09	1.29	1.48	1.59	1.51	1.52
Debt to EBITDA	—	0.85	0.62	0.77	1.08	1.69	1.31
Debt to equity	—	0.56	0.39	0.33	0.37	0.46	0.36
Interest coverage	2.2	6.1	10	5.9	4.5	4.2	6.1
Asset turnover	—	1.5	1.68	1.63	1.46	1.12	1.25
Return ratios
Return on assets %	—	10.9%	15%	9.9%	8.4%	4.9%	7.8%
Return on capital employed %	—	34.7%	45.5%	31.5%	24.3%	17.6%	21.9%
Return on equity %	—	34%	37%	21.8%	16.2%	10.7%	15.1%

Date	Category	Subject	Filing
30 Sept 2026, 12:44 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
29 Sept 2026, 10:03 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
17 Sept 2026, 3:24 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	45	34	58	30	25	86
	-8	-27	-36	-36	-30	-44
	-26	-11	-20	4	12	-44
Net cash flow	11	-4	2	-2	7	-2
Free cash flow	14	2	21	-3	-8	40
CFO / Operating profit %	46.6%	24.6%	47.5%	26.4%	25.4%	72.4%

Punjab Chemicals & Crop Protection Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

11

1

Announcements

11

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Punjab Chemicals & Crop Protection Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends11

Board meetings1

Announcements

Dividends11

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

11

1

11

1