On 6 Nov 2026, Punjab Chemicals & Crop Protection was priced at ₹909.05, or 17.0× trailing earnings, against an industry P/E of 18.2×, and the shares are 37% below their 52-week high. Sales and net profit grew 1.0% and 1.5% a year over 3 years, with ROCE of 20% and ROE of 16%. Debt is 0.36× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹1,115 Cr, ranked 25th of 76 Chemicals companies by market cap; the shares fell 30% over the past year.
- ₹919.00
- ₹919.00
- ₹893.00
- ₹908.30
- 1.9K
Health check
- ReturnsBehind
−30.3% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 17.0 vs industry 18.2.
- GrowthSteady
Sales +1.0%, profit +1.5% a year over 3 years.
- ProfitabilityStrong
ROCE 20.5% vs peer median 10.6%.
- Balance sheetSolid
Debt 0.36× equity, interest covered 6.4×, Piotroski 6 of 9.
- Red flags1 to check
37% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,115 Cr
- Small cap
- P/E
- 17.0
- Industry 18.2
- Price to book
- 2.63
- Peers 2.62
- Dividend yield
- 0.32%
- ROE
- 16.2%
- Peers 11.7%
- ROCE
- 20.5%
- Peers 10.6%
- Debt to equity
- 0.36
- Debt ₹154 Cr
- EPS (TTM)
- ₹53.34
- Face value ₹10
- OPM (TTM)
- 11.7%
- Net margin 6.2%
- Sales growth
- +8.7%
- Latest quarter vs a year ago
- Profit growth
- +7.0%
- Latest quarter vs a year ago
- Price to sales
- 1.05
- EV/EBITDA 10.4
Strengths and risks
Strengths
- Return on capital employed of 20.5%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 37% below its 52-week high.
About Punjab Chemicals & Crop Protection
Punjab Chemicals and Crop Protection Limited manufactures and sells agrochemicals, specialty chemicals, bulk drugs, and related intermediates in India, Europe, Japan, Israel, the United States, Latin America, and internationally. It offers herbicides, including metamitron, ethofumesate, diflufenican, lenacil, and cyanazine; insecticides and fungicides; pharma active pharmaceutical ingredients (API) comprising trimethoprim IP/BP/USP/EP, etoricoxib,…
- Headquarters
- Mumbai
- Employees
- 1,264
- Sector
- Basic Materials
- ISIN
- INE277B01014
- Website
- punjabchemicals.com
Price range
- Avg volume (3M)
- 6.7K
- 1-year return
- minus 30.3%
- From 52-week high
- minus 36.9%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| PUNJABCHEMPunjab Chemicals & Crop Protection | 909.05 | plus 0.08% | 1,115 | 17.0 | 10.3 | 20.5% | 11.7% | 0.36 | 1.0% | minus 30.3% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 320 | 255 | 247 | 209 | 347 | |
| 285 | 229 | 217 | 181 | 306 | |
| 34.4 | 26.2 | 29.6 | 27.5 | 40.8 | |
| 10.8% | 10.3% | 12.0% | 13.2% | 11.8% | |
| 3.7 | 6.1 | 2 | 2.3 | 0.7 | |
| 4 | 3.8 | 4.1 | 5 | 4.1 | |
| 6.5 | 6.7 | 6.8 | 8.7 | 7.3 | |
| – | – | −2.1 | – | – | |
| 27.6 | 21.9 | 18.6 | 16.2 | 30.1 | |
| 25.3% | 15.3% | 25.8% | 32.0% | 26.6% | |
| 20.6 | 18.5 | 13.8 | 11 | 22.1 | |
| 16.83 | 15.12 | 11.26 | 8.96 | 18.00 |
Profit & loss
- Sales CAGR 3Y
- +1.0%
- Profit CAGR 3Y
- +1.5%
- EPS CAGR 3Y
- +1.5%
- ROE
- 16.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 979 | 913 | 883 | 1,007 | |
| – | minus 6.8% | minus 3.2% | +14.0% | |
| 855 | 798 | 782 | 885 | |
| 124 | 114 | 101 | 122 | |
| 12.6% | 12.5% | 11.4% | 12.1% | |
| −1.5 | −3.8 | −0.7 | 12 | |
| 13.7 | 15.5 | 17 | 15.6 | |
| 19 | 22.2 | 25 | 28.6 | |
| −0.5 | 0.2 | −4.3 | −5.4 | |
| 88.9 | 73.1 | 53.6 | 84.3 | |
| 31.3% | 26.7% | 27.3% | 24.1% | |
| 61.1 | 53.6 | 38.9 | 64 | |
| – | minus 12.3% | minus 27.3% | +64.3% | |
| 49.84 | 43.70 | 31.75 | 52.17 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.3 | 12.3 | 12.3 | 12.3 | |
| 268 | 318 | 352 | 411 | |
| 94 | 123 | 168 | 154 | |
| 241 | 187 | 268 | 245 | |
| 616 | 640 | 801 | 823 | |
| 240 | 246 | 263 | 289 | |
| 18.6 | 13.1 | 13.9 | 17.6 | |
| 1.9 | 1.9 | 2.3 | 2.1 | |
| 10.6 | 13.5 | 16.1 | 10.4 | |
| 345 | 366 | 506 | 504 | |
| 616 | 640 | 801 | 823 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 58.2 | 29.9 | 25.2 | 85.5 | |
| −36.5 | −35.9 | −30.3 | −43.6 | |
| −19.9 | 3.7 | 12.1 | −43.9 | |
| 1.8 | −2.2 | 7 | −2 | |
| −37.4 | −33.2 | −33.6 | −45.7 | |
| 20.9 | −3.4 | −8.4 | 39.8 | |
| −3.7 | −3.7 | −3.6 | −3.7 |
Shareholding pattern
- Promoters39.24%
- Public60.76%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 39.24% | 60.76% | 0.00 | |
| 30 Jun 2026 | 39.24% | 60.76% | 0.00 | |
| 31 Mar 2026 | 39.24% | 60.76% | plus 0.02 | |
| 31 Dec 2025 | 39.22% | 60.78% | 0.00 | |
| 30 Sep 2025 | 39.22% | 60.78% | – |
Major shareholders
Filings & events
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