PUNJABCHEM

Punjab Chemicals & Crop Protection Limited

Specialty and commodity chemicals in pesticides and agrochemicals

Commodities›Chemicals›Fertilizers & Agrochemicals›Pesticides & Agrochemicals

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

Price as of 2026-10-16

Stock price
₹999.30
Market cap
1,225 Cr
Stock P/E
18.7
P/B
2.89
Dividend yield
0.3%
ROE (FY26)
15.1%
ROCE (FY26)
17.5%
Operating margin (FY26)
8.7%
Debt / equity (FY26)
0.36
OCF / EBITDA (FY26)
72.4%
OCF / EBITDA (3Y)
42.5%

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

PUNJABCHEM (Punjab Chemicals and Crop Protection) makes agrochemicals, performance chemicals and industrial chemicals, including contract manufacturing and product development, for customers in India and export markets.

Company snapshot

16thBy market cap

Ranked among 23 companies in Pesticides & Agrochemicals.

What we see

Concerns
  • ✗Only 43% 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
Sales242 Cr214 Cr197 Cr242 Cr242 Cr214 Cr202 Cr320 Cr255 Cr247 Cr209 Cr347 Cr
Operating expenses (approx.)207 Cr188 Cr183 Cr215 Cr217 Cr195 Cr177 Cr285 Cr229 Cr217 Cr181 Cr306 Cr
EBITDA35 Cr26 Cr13 Cr28 Cr26 Cr19 Cr26 Cr34 Cr26 Cr30 Cr28 Cr41 Cr
OPM %14.6%12.2%6.7%11.4%10.6%9.0%12.6%10.8%10.3%12.0%13.2%11.8%
Other income2 Cr1 Cr0.50 Cr0.51 Cr2 Cr0.18 Cr0.35 Cr4 Cr6 Cr2 Cr2 Cr0.68 Cr
Interest7 Cr7 Cr4 Cr4 Cr5 Cr4 Cr5 Cr4 Cr4 Cr4 Cr5 Cr4 Cr
Depreciation6 Cr5 Cr6 Cr6 Cr6 Cr7 Cr7 Cr7 Cr7 Cr7 Cr9 Cr7 Cr
Profit before tax25 Cr15 Cr4 Cr18 Cr17 Cr8 Cr10 Cr28 Cr22 Cr19 Cr16 Cr30 Cr
Tax %27.1%26.9%31.9%25.9%25.3%28.3%32.2%25.3%15.3%25.8%32.0%26.6%
Net profit18 Cr11 Cr2 Cr13 Cr12 Cr6 Cr7 Cr21 Cr19 Cr14 Cr11 Cr22 Cr
EPS (₹)₹14.78₹9.14₹1.97₹10.96₹10.09₹4.95₹5.75₹16.83₹15.12₹11.26₹8.96₹18.00

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales536 Cr496 Cr643 Cr550 Cr678 Cr933 Cr1,006 Cr934 Cr901 Cr1,030 CrSign in free for the trailing twelve months
Operating expenses (approx.)521 Cr454 Cr577 Cr507 Cr583 Cr794 Cr884 Cr821 Cr801 Cr912 CrSign in free for the trailing twelve months
EBITDA15 Cr42 Cr66 Cr42 Cr96 Cr140 Cr123 Cr113 Cr99 Cr118 CrSign in free for the trailing twelve months
OPM %2.8%8.4%10.3%7.7%14.1%15.0%12.2%12.1%11.0%11.5%Sign in free for the trailing twelve months
Other income13 Cr11 Cr7 Cr13 Cr2 Cr0.93 Cr3 Cr3 Cr1 Cr14 CrSign in free for the trailing twelve months
Interest31 Cr18 Cr17 Cr18 Cr13 Cr12 Cr18 Cr21 Cr18 Cr17 CrSign in free for the trailing twelve months
Depreciation16 Cr14 Cr19 Cr15 Cr15 Cr17 Cr19 Cr22 Cr25 Cr29 CrSign in free for the trailing twelve months
Profit before tax-19 Cr24 Cr29 Cr22 Cr69 Cr112 Cr89 Cr73 Cr54 Cr84 CrSign in free for the trailing twelve months
Tax %-3.8%29.2%41.6%51.3%28.9%25.2%31.3%26.7%27.3%24.1%Sign in free for the trailing twelve months
Net profit-20 Cr17 Cr17 Cr11 Cr49 Cr83 Cr61 Cr54 Cr39 Cr64 CrSign in free for the trailing twelve months
EPS (₹)₹-16.25₹14.00₹13.70₹8.77₹40.03₹68.07₹49.84₹43.70₹31.75₹52.17Sign in free for the trailing twelve months
Dividend payout %————3.7%2.9%6.0%6.8%9.4%5.7%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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Reserves46 Cr62 Cr79 Cr85 Cr132 Cr213 Cr268 Cr318 Cr352 Cr411 Cr
Borrowings117 Cr101 Cr91 Cr88 Cr75 Cr93 Cr94 Cr123 Cr168 Cr154 Cr
Other liabilities264 Cr181 Cr190 Cr208 Cr232 Cr238 Cr241 Cr187 Cr268 Cr245 Cr
Total liabilities439 Cr356 Cr371 Cr394 Cr451 Cr557 Cr616 Cr640 Cr801 Cr823 Cr
Fixed assets (net)191 Cr147 Cr157 Cr165 Cr188 Cr211 Cr221 Cr232 Cr249 Cr271 Cr
CWIP5 Cr2 Cr6 Cr14 Cr15 Cr7 Cr19 Cr12 Cr13 Cr17 Cr
Investments1 Cr1 Cr20 Cr1 Cr1 Cr1 Cr2 Cr8 Cr4 Cr2 Cr
Loans & advances——1 Cr2 Cr2 Cr0.06 Cr0.06 Cr0.10 Cr0.11 Cr0.17 Cr
Inventories64 Cr67 Cr82 Cr86 Cr101 Cr154 Cr168 Cr133 Cr222 Cr246 Cr
Trade receivables63 Cr42 Cr63 Cr48 Cr80 Cr112 Cr143 Cr197 Cr235 Cr204 Cr
Cash & bank2 Cr4 Cr2 Cr3 Cr12 Cr8 Cr9 Cr6 Cr13 Cr9 Cr
Other assets112 Cr91 Cr41 Cr74 Cr52 Cr64 Cr53 Cr51 Cr64 Cr74 Cr
Total assets439 Cr356 Cr371 Cr394 Cr451 Cr557 Cr616 Cr640 Cr801 Cr823 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity62 Cr61 Cr—34 Cr45 Cr34 Cr58 Cr30 Cr25 Cr86 Cr
Cash from investing-8 Cr-15 Cr—-14 Cr-8 Cr-27 Cr-36 Cr-36 Cr-30 Cr-44 Cr
Cash from financing-61 Cr-43 Cr—-19 Cr-26 Cr-11 Cr-20 Cr4 Cr12 Cr-44 Cr
Net cash flow-7 Cr4 Cr—2 Cr10 Cr-4 Cr0.32 Cr-2 Cr7 Cr-4 Cr
Free cash flow (OCF − Capex)47 Cr41 Cr—8 Cr14 Cr2 Cr21 Cr-3 Cr-8 Cr40 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.5%23.9%25.4%21.6%37.6%38.9%28.5%20.7%13.4%17.5%
ROE %-34.1%23.2%18.5%11.0%34.0%37.0%21.8%16.2%10.7%15.1%
Debtor days43313532434452779572
Inventory days8682759993969388138144
Days payable150133104102105837778125101
Cash conversion cycle-21-1972832576887108115
OCF / EBITDA %n.m.147.5%—81.2%46.6%24.6%47.5%26.4%25.4%72.4%
OCF / EBITDA % (3 years)—————40.8%38.3%32.6%33.8%42.5%
Debt / equity2.001.361.000.900.520.410.330.370.460.36
Current ratio0.610.740.700.851.091.291.481.591.511.52
Net debt / EBITDA7.70—1.332.000.660.610.701.031.561.23