Paradeep Phosphates Ltd
About
Paradeep Phosphates Limited (PPL) primarily deals with the production of phosphates and urea. With a production capacity of 2.6 million metric tonnes of phosphates and 0.4 million metric tonnes of urea, the company is one of the largest in India’s phosphatic fertiliser industry. Paradeep also manufactures and distributes fertilisers like DAP and NPK, along with agrochemicals such as Zypmite. Additionally, the company produces and distributes gypsum, phosphoric acid, sulphuric acid, and ammonia. Its manufacturing unit at Paradeep has a capacity of 1.8 million metric tonnes, while the unit at Zuarinagar in Goa can produce 1.2 million metric tonnes of fertilisers and chemicals. The company has touched the lives of more than 9 million farmers through 2 major brands—Jai Kisaan and Navratna. With support from K. K. Birla’s Zuari Group and Morocco’s OCP Group, Paradeep phosphates are distributed through more than 5300 dealers in 16 states in India.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 11310 -15.9% | 13441 62.1% | 8292 67.2% | 4958 24.9% | 3969 -20.0% | 4960 30.7% | 3794 3.1% | 3680 -24.5% | 4873 16.3% | 4191 -0.4% | 4208 -15.4% | 4972 33.4% | 3727 20.7% | 3089 -45.8% | 5702 - |
| Net Operating Income (INR Cr) | 11575 -13.23% | 13341 69.76% | 7859 52.16% | 5165 23.18% | 4193 -3.79% | 4358 0.00% | 3791 4.73% | 3620 -24.30% | 4782 14.98% | 4159 -1.71% | 4231 0.00% | 4700 34.09% | 3505 17.08% | 2994 -41.46% | 5114 109.17% |
| Profit (INR Cr) | 100 -67.2% | 304 -23.7% | 398 78.5% | 223 15.6% | 193 21.6% | 159 5.6% | 151 73.3% | 87 12.4% | 77 78.4% | 43 - | -126 - | 178 0.4% | 177 16.9% | 152 -71.8% | 537 - |
| Assets (INR Cr) | 7604 -7.0% | 8178 57.0% | 5209 68.1% | 3099 -21.1% | 3929 -15.1% | 4626 41.5% | 3268 -13.3% | 3771 -6.4% | 4030 32.6% | 3040 -6.8% | 3261 45.5% | 2241 11.1% | 2018 11.5% | 1810 0.0% | 1810 - |
| Net Worth (INR Cr) | 3564 1.7% | 3505 57.5% | 2225 21.8% | 1828 14.0% | 1604 8.2% | 1483 0.0% | 1395 12.1% | 1245 9.6% | 1136 7.3% | 1059 4.3% | 1016 0.0% | 1038 20.7% | 860 25.9% | 683 28.5% | 532 - |
| Employee Cost (INR Cr) | 230 7.8% | 213 53.9% | 139 -0.5% | 139 5.5% | 132 1.0% | 131 9.8% | 119 5.2% | 113 -4.0% | 118 9.2% | 108 9.3% | 99 35.3% | 73 -2.2% | 75 44.6% | 52 -15.4% | 61 - |
| Interest Cost (INR Cr) | 366 | 291 | 86 | 111 | 192 | 159 | 159 | 242 | 185 | 160 | 226 | 89 | 111 | 80 | 53 |
| Cash & Bank Balance (INR Cr) | 118 | 110 | 598 | 93 | 6 | 20 | 30 | 15 | 36 | 48 | 44 | 3 | 628 | 261 | 41 |
| Total Debt (INR Cr) | 4014 | 4648 | 2954 | 1251 | 2298 | 3123 | 1861 | 2511 | 2877 | 1970 | 2217 | 1184 | 1140 | 1126 | 1278 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.9% | 2.3% | 4.8% | 4.5% | 4.9% | 3.2% | 4.0% | 2.4% | 1.6% | 1.0% | - | 3.6% | 4.8% | 4.9% | 9.4% |
| Profit As % Of Assets | 1.3% | 3.7% | 7.7% | 7.2% | 4.9% | 3.4% | 4.6% | 2.3% | 1.9% | 1.4% | - | 7.9% | 8.8% | 8.4% | 29.7% |
| Profit As % Of Networth | 2.8% | 8.7% | 17.9% | 12.2% | 12.1% | 10.7% | 10.8% | 7.0% | 6.8% | 4.1% | - | 17.1% | 20.6% | 22.2% | 101.0% |
| Interest Cost to EBITDA % | 56.5% | 36.4% | 12.8% | 20.6% | 41.8% | 36.1% | 37.5% | 63.9% | 67.3% | 98.0% | 306.1% | 27.2% | 42.6% | 76.2% | 19.5% |
| Debt to Equity Ratio | 1.13 | 1.33 | 1.33 | 0.68 | 1.43 | 2.11 | 1.33 | 2.02 | 2.53 | 1.86 | 2.18 | 1.14 | 1.32 | 1.65 | 2.40 |
| RONW | 3.3% | 10.6% | 19.7% | 13.0% | 12.5% | 10.7% | 11.4% | 7.3% | 9.4% | 5.6% | - | 18.7% | 22.9% | 24.1% | 93.3% |
| ROCE | 6.7% | 10.7% | 14.9% | 13.6% | 9.9% | 8.9% | 10.9% | 9.6% | 8.3% | 6.9% | 2.8% | 16.4% | 18.3% | 14.2% | 45.5% |