PARADEEP

Paradeep Phosphates Limited

Phosphatic fertilizers including DAP, NPK and Urea under Jai Kisaan brands

Commodities›Chemicals›Fertilizers & Agrochemicals›Fertilizers

paradeepphosphates.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹147.16
Market cap
15,282 Cr
Stock P/E
14.3
P/B
2.25
Dividend yield
0.7%
ROE (FY26)
14.7%
ROCE (FY26)
13.6%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
1.02
OCF / EBITDA (FY26)
-47.0%
OCF / EBITDA (3Y)
44.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Paradeep Phosphates (PPL) makes DAP, NPK and urea fertilisers and sells them to farmers across 18 Indian states through more than 100,000 retailers, and it describes itself as India's leading private-sector phosphatic fertiliser company.

Company snapshot

4thBy market cap

Ranked among 19 companies in Fertilizers.

What we see

Concerns
  • ✗Only 45% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,683 Cr2,595 Cr2,243 Cr2,377 Cr3,844 Cr4,105 Cr3,494 Cr3,754 Cr6,872 Cr5,749 Cr4,702 Cr6,124 Cr
Operating expenses (approx.)3,427 Cr2,313 Cr2,095 Cr2,230 Cr3,418 Cr3,769 Cr3,147 Cr3,288 Cr6,216 Cr5,276 Cr4,260 Cr5,404 Cr
EBITDA256 Cr282 Cr148 Cr147 Cr425 Cr336 Cr347 Cr466 Cr657 Cr472 Cr442 Cr720 Cr
OPM %7.0%10.9%6.6%6.2%11.1%8.2%9.9%12.4%9.6%8.2%9.4%11.8%
Other income11 Cr9 Cr30 Cr19 Cr15 Cr35 Cr42 Cr27 Cr42 Cr31 Cr40 Cr22 Cr
Interest96 Cr82 Cr95 Cr91 Cr82 Cr86 Cr103 Cr87 Cr140 Cr127 Cr156 Cr132 Cr
Depreciation51 Cr55 Cr58 Cr61 Cr63 Cr65 Cr63 Cr64 Cr90 Cr102 Cr126 Cr106 Cr
Profit before tax120 Cr154 Cr26 Cr13 Cr296 Cr220 Cr223 Cr342 Cr469 Cr233 Cr202 Cr526 Cr
Tax %25.7%29.0%18.1%59.3%23.1%27.9%28.2%25.2%27.0%22.0%23.0%25.4%
Net profit89 Cr109 Cr22 Cr5 Cr228 Cr159 Cr160 Cr256 Cr342 Cr182 Cr156 Cr393 Cr
EPS (₹)₹1.10₹1.33₹0.26₹0.07₹2.79₹1.95₹1.96₹3.14₹3.30₹1.75₹1.50₹3.78

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,358 Cr4,193 Cr5,165 Cr7,859 Cr13,341 Cr11,575 Cr13,820 Cr21,826 CrSign in free for the trailing twelve months
Operating expenses (approx.)3,916 Cr3,733 Cr4,622 Cr7,188 Cr12,540 Cr10,927 Cr12,564 Cr19,674 CrSign in free for the trailing twelve months
EBITDA442 Cr460 Cr542 Cr671 Cr801 Cr648 Cr1,256 Cr2,152 CrSign in free for the trailing twelve months
OPM %10.1%11.0%10.5%8.5%6.0%5.6%9.1%9.9%Sign in free for the trailing twelve months
Other income39 Cr35 Cr19 Cr39 Cr91 Cr69 Cr111 Cr147 CrSign in free for the trailing twelve months
Interest159 Cr192 Cr111 Cr86 Cr291 Cr366 Cr362 Cr528 CrSign in free for the trailing twelve months
Depreciation70 Cr72 Cr83 Cr90 Cr175 Cr211 Cr252 Cr403 CrSign in free for the trailing twelve months
Profit before tax251 Cr230 Cr367 Cr535 Cr426 Cr142 Cr752 Cr1,328 CrSign in free for the trailing twelve months
Tax %36.8%15.8%39.1%25.5%28.6%28.9%26.7%25.0%Sign in free for the trailing twelve months
Net profit159 Cr193 Cr223 Cr398 Cr304 Cr101 Cr552 Cr996 CrSign in free for the trailing twelve months
EPS (₹)₹2.76₹3.36₹3.88₹6.91₹3.90₹1.22₹6.77₹9.60Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%40.5%7.4%10.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital575 Cr575 Cr575 Cr575 Cr815 Cr815 Cr815 Cr1,038 Cr
Reserves907 Cr1,028 Cr1,252 Cr1,650 Cr2,690 Cr2,750 Cr3,262 Cr5,745 Cr
Borrowings3,123 Cr2,298 Cr1,251 Cr2,954 Cr4,648 Cr4,014 Cr4,358 Cr6,906 Cr
Other liabilities1,022 Cr1,109 Cr1,344 Cr2,749 Cr2,504 Cr2,083 Cr2,711 Cr4,247 Cr
Total liabilities5,628 Cr5,010 Cr4,423 Cr7,928 Cr10,657 Cr9,661 Cr11,146 Cr17,936 Cr
Fixed assets (net)1,023 Cr1,213 Cr1,225 Cr1,260 Cr2,796 Cr3,371 Cr3,288 Cr5,823 Cr
CWIP255 Cr149 Cr220 Cr336 Cr697 Cr372 Cr553 Cr424 Cr
Investments——122 Cr553 Cr19 Cr3 Cr272 Cr25 Cr
Inventories1,422 Cr1,079 Cr899 Cr2,293 Cr2,238 Cr1,831 Cr2,287 Cr4,627 Cr
Trade receivables2,342 Cr2,149 Cr1,156 Cr902 Cr3,690 Cr2,720 Cr2,535 Cr4,790 Cr
Cash & bank19 Cr4 Cr92 Cr538 Cr43 Cr91 Cr874 Cr363 Cr
Other assets567 Cr417 Cr710 Cr2,045 Cr1,175 Cr1,273 Cr1,337 Cr1,884 Cr
Total assets5,628 Cr5,010 Cr4,423 Cr7,928 Cr10,657 Cr9,661 Cr11,146 Cr17,936 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-920 Cr1,270 Cr1,501 Cr-44 Cr-2,377 Cr1,437 Cr1,386 Cr-1,012 Cr
Cash from investing-103 Cr-143 Cr-289 Cr-1,099 Cr-419 Cr-367 Cr-597 Cr-557 Cr
Cash from financing1,018 Cr-1,141 Cr-1,124 Cr1,589 Cr2,301 Cr-1,022 Cr-6 Cr998 Cr
Net cash flow-5 Cr-15 Cr87 Cr446 Cr-495 Cr48 Cr783 Cr-571 Cr
Free cash flow (OCF − Capex)-1,047 Cr1,131 Cr1,332 Cr-664 Cr-2,813 Cr1,025 Cr1,017 Cr-1,880 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.9%10.8%15.5%12.0%8.8%6.7%13.2%13.6%
ROE %10.7%12.0%12.2%17.9%8.7%2.8%13.5%14.7%
Debtor days1961878142101866780
Inventory days182178144159788896127
Days payable9013315115867718585
Cash conversion cycle287232754311210278122
OCF / EBITDA %-208.5%276.2%276.8%-6.5%-296.7%221.7%110.4%-47.0%
OCF / EBITDA % (3 years)——128.2%163.0%-45.6%-46.4%16.5%44.6%
Debt / equity2.111.430.681.331.331.131.071.02
Current ratio1.111.121.241.021.101.101.141.15
Net debt / EBITDA7.034.992.143.605.756.052.773.04