Paradeep Phosphates Ltd

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NSEBSE

76.050.00 (0.00%)

03:54 PM,29th Feb 2024

76.03-0.05 (-0.07%)

04:01 PM,29th Feb 2024

BSE : 543530

NSE : PARADEEP

Sector : Agri and agri inputs

ISIN Code : INE088F01024

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Last Updated: Feb 29 2024 | 04:01 PM IST

Market Cap (₹ Cr)

6196

Turnover (₹ Cr)

2.18

Volume (Shares)

2867493

Face Value

10

52-WK High

85.90

52-WK High Date

08 Feb 2024

52-WK Low

48.30

52-WK Low Date

28 Mar 2023

All Time High

85.90

All Time High Date

08 Feb 2024

All Time Low

37.45

All Time Low Date

24 Jun 2022

Paradeep Phosphates Ltd

Paradeep Phosphates Ltd is a leading fertilizer company in India was incorporated in 24th December 1981. The Company is primarily engaged in the manufacture of Di-Ammonium Phosphate (DAP) Complex Fertilizers of NPK grades and Zypmite (Gypsum based product) having its manufacturing facility at the port town of Paradeep in the District Jagatsinghpur Odisha. The Company is also involved in trading of fertilizers ammonia neutralized phospo gypsum micronutrient and other materials. With its head office at Bhubaneswar and various regional offices across the country the Company caters to the demands of farmers all over the country through its Navratna brand of fertilizers.The Company markets ammonia and sulphuric acid to industrial users. Their units are Di-Ammonium Phosphate (DAP) Plant with the annual capacity of 720000 metric tonnes Sulphuric Acid Plant with the annual capacity of 660000 metric tonnes and Phosphoric Acid Plant with the annual capacity of 225000 metric tonnes. The products are sold through private and institutional channels. They market their products in Andhra Pradesh Assam Bihar Chhattisgarh Haryana Jammu & Kashmir Jharkhand Karnataka Madhya Pradesh Maharashtra Orissa Punjab Rajasthan Uttar Pradesh Uttarakhand and West Bengal. The Company was formed as a joint venture between the Government of India and the Republic of Nauru. In August 1986 the company commissioned DAP plant with an annual capacity of 720000 metric tonnes along with off-site facilities with 3.4 km closed conveyor from port to plant site as well as a railway siding raw material storage yards and a 3.1 km long pipe rake.In June 1992 the company commissioned Sulphuric Acid Plant with an annual capacity of 660000 metric tonnes and a Phosphoric Acid Plant with an annual capacity of 225000 metric tonnes. They also commissioned two captive power units of 16 MW each designed to run on excess steam generated by the Sulphuric Acid Plant.In June 1993 the Republic of Nauru divested their investment in the company by which the company became a Public Sector Enterprise wholly owned by the Government of India.The organization incurred huge loss in recent years and was consequently declared sick unit. Their production was stopped. Further they were referred to the Disinvestment Commission in the year 1998. Furthermore the Commission recommended for strategic sale of not less than 51%. The government of India cabinet committee on disinvestment ordered for disinvestment of 74% equity sale.In February 2002 the Government of India divested 74% of their stake in the company in favour of selected partner Zuari Maroc Phosphates Pvt Ltd a 50-50 joint venture of Zuari Industries Ltd and Maroc Phosphore SA a wholly owned subsidiary of OCP Morocco.During the year 2003-04 the company executed an export order to Nepal of around 5000 MT of DAP. Also the company bagged an award from the Fertilizer Association of India during the year for their turnaround performance. During the year 2004-05 the company entered into Finance Lease arrangement with Srei International Finance Ltd for procuring a Ship Unloader on lease. In May 2006 the company received the ISO 14001: 2004 certification for good environment management systems. In March 2007 Zuari Maroc Phosphates Pvt Ltd holds 80.45% stake in the company and the Government of India holds 19.55% stake in the company.The company proposes to ramp up DAP capacity from their present 720000 tonnes to over one million at their existing plant through investments to modernize equipment and achieve optimum capacity utilization.In 2019-20 the Company commissioned Gypsum pond-II. It took up engineering work for 4 Evaporator of capacity 350 TPD by Simon India Limited. It was decided to put up 400 TPD Phosphoric acid plant by using Prayon Technology. Basic engineering completed by M/s Jacobs Lakeland (USA). It commissioned site fabrication for Scrubber vessels & Pre-neutralization tank. It commended dismantling activities & erection of new equipment. On 1 June 2022 the Company acquired the Goa Fertilizer Plant from Zuari Agro Chemicals Limited (ZACL) for USD 280 million on a slump sale basis. Through the Offer or Sale in the IPO the Government divested its residual stake of 19.55% in the Company. The initial divestment took place when the Government sold 74% of its stake in 2002 and consequently after the second round of stake sale by Government the Company became fully a Private Company.

Paradeep Phosphates Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

6196

EPS - TTM (₹) [S]

1.09

P/E Ratio (X) [S]

1.80

Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 18 Sep 2023
Dividend Yield (%) 0.66
Book Value Share (₹) [S]42.18
P/B Ratio (₹) [S]1.80
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.02 2234 0.02
Groww Nifty Total Market Index Fund-Direct (G) 0.02 2234 0.02

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

75.20

76.70

Week Low/High

75.20

81.00

Month Low/High

72.60

86.00

Year Low/High

48.30

86.00

All time Low/High

37.45

86.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-0.89%-0.85%-0.90-1.06%
1 Month-5.02%-5.06%0.781.13%
3 Month15.98%15.93%8.379.39%
6 Month10.14%10.06%11.4113.65%
1 Year39.67%39.03%22.9627.04%
3 Year%%47.6651.30%

Company Info

Company Information

Chairman (Non-Executive) : S K Poddar

Managing Director & CEO : N Suresh Krishnan

Non Executive Director / Nomin : Soual Mohamed

Non Executive Director : Karim Lotfi Senhadji

Independent Non Exe. Director : Satyananda Mishra

Independent Non Exe. Director : Dipankar Chatterji

Independent Non Exe. Director : Subhrakant Panda

Independent Non Exe. Director : Rita Menon

Company Sec. & Compli. Officer : Sachin Patil

Registered Office: 5th Flr Orissa State Handloom, Pandit Jawaharlal Nehru Marg,Bhubaneswar,Orissa-751001 Ph: 91-674-2393931 (10 lines)

Email:dmishra@adventz.com

URL:http://www.paradeepphosphates.com