Paradeep Phosphates
- P/E
- 12.23
Key Fundamentals
SmallcapFertilizers & AgrochemicalsChemicalsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 15.40%
- Debt to Equity
- 1.02
- EPS (TTM)
- ₹11.22
- Book Value
- ₹68.80
- Market Cap
- —
- P/E (TTM)
- 12.23
- P/B
- 1.99
- ROE
- 16.20%
- Dividend Yield
- 1.12%
- EBITDA
- ₹2,299 Cr
- 52W High
- ₹180.80
- 52W Low
- ₹99.70
- Day Range
- ₹131.82 – ₹137.60
- Volume
- 18,96,789
Peer Comparison
Commodities › Chemicals › Fertilizers
| ₹1,837.00 | 29.58 | ₹53,760 Cr | 4.32 | 0.61% | 16.40% | 22.00% | ₹32,602 Cr | ₹1,778 Cr | |
| ₹764.05 | — | ₹48,951 Cr | 36.61 | 0.03% | −2.94% | 4.02% | ₹5,934 Cr | −₹106 Cr | |
| ₹394.15 | 8.19 | ₹15,752 Cr | 1.52 | 1.31% | 20.00% | 25.20% | ₹20,123 Cr | ₹1,928 Cr | |
| ₹137.21 | 12.23 | ₹14,054 Cr | 1.99 | 1.12% | 16.20% | 15.40% | ₹23,447 Cr | ₹1,073 Cr | |
| ₹187.29 | 53.06 | ₹8,452 Cr | 10.11 | 0.27% | 31.30% | 19.30% | ₹1,874 Cr | ₹155 Cr | |
| ₹240.29 | 37.78 | ₹7,305 Cr | 13.25 | 0.22% | 38.20% | 27.20% | ₹2,555 Cr | ₹196 Cr | |
| ₹140.74 | 8.09 | ₹5,467 Cr | 0.43 | 3.67% | 5.51% | 7.16% | ₹12,344 Cr | ₹693 Cr | |
| Median 7 companies | ₹240.29 | 20.91 | ₹14,054 Cr | 4.32 | 0.61% | 16.40% | 19.30% | ₹12,344 Cr | ₹693 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 29
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 66
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 83
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 23
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 57
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has delivered good profit growth of 35.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.9%
Weaknesses
1- Company has a low return on equity of 12.3% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 5 | 4 |
| Oscillators | Bearish | 3 | 5 | 1 |
| Moving Averages | Strong Bearish | 7 | 0 | 3 |
Oscillators
Bearish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 43.39
- Neutral
- MACD (12,26,9)
- −4.39
- Bearish
- SMA (50)
- 150.03
- Bearish
- SMA (200)
- 134.63
- Bullish
As of
Analyst Rating
4 of 4 analysts rate Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +33.41% |
|---|---|
| 3Y | +17.83% |
| 1Y | +28.70% |
| TTM | +28.08% |
Net profit
| 5Y | +34.89% |
|---|---|
| 3Y | +48.52% |
| 1Y | +50.45% |
| TTM | +12.59% |
Operating cash flow
| 5Y | Turned negative |
|---|---|
| 3Y | Outflow narrowed by ₹1,365 Cr |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | −0.51 pp |
|---|---|
| 3Y | +4.00 pp |
| 1Y | +0.84 pp |
| TTM | −0.65 pp |
Revenue by year
| Mar 2019 | ₹4,358 Cr |
|---|---|
| Mar 2020 | ₹4,193 Cr |
| Mar 2021 | ₹5,165 Cr |
| Mar 2022 | ₹7,859 Cr |
| Mar 2023 | ₹13,341 Cr |
| Mar 2024 | ₹11,575 Cr |
| Mar 2025 | ₹16,959 Cr |
| Mar 2026 | ₹21,826 Cr |
Net profit by year
| Mar 2019 | ₹159 Cr |
|---|---|
| Mar 2020 | ₹193 Cr |
| Mar 2021 | ₹223 Cr |
| Mar 2022 | ₹398 Cr |
| Mar 2023 | ₹304 Cr |
| Mar 2024 | ₹100 Cr |
| Mar 2025 | ₹662 Cr |
| Mar 2026 | ₹996 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Paradeep Phosphates Ltd trades at ₹137.21 as of 2026-11-04 with a market cap of ₹14,054 Cr, a P/E of 12.23x, and a debt-to-equity ratio of 1.02. The company has delivered 35% compounded profit growth over five years and 18% compounded sales growth over three years, though the stock has declined 19% over the past year from a 52-week high of ₹180.80.
- Strong five-year profit CAGR of 35%, indicating sustained earnings expansion in the fertiliser and chemicals space
- ROCE stands at 23.11% as of 2026-11-04, reflecting efficient deployment of total capital including debt
- Compounded sales growth of 33% over five years shows the company has scaled revenue meaningfully over a medium-term horizon
- P/E of 12.23x is modest for a company delivering double-digit profit growth, suggesting the stock is not priced for aggressive expectations
- TTM sales growth of 28% indicates recent top-line momentum remains healthy
- Consistent dividend payout of 22.9% with a current yield of 1.12%, providing a degree of cash return to shareholders
- ROE improved to 16% in the last year from a three-year average of 12%, suggesting improving profitability on equity
- Debt-to-equity ratio of 1.02 means the balance sheet carries significant leverage, exposing the company to interest rate sensitivity
- Stock has declined 19% over the past one year, underperforming broader markets and signalling investor caution
- Three-year average ROE of just 12% is relatively low for the chemicals sector, indicating historically modest returns on shareholder equity
- TTM profit growth has decelerated sharply to 14% compared to the three-year CAGR of 48%, suggesting earnings momentum may be fading
- The fertiliser business is subject to government subsidy policies and raw material price swings, adding structural unpredictability to margins
- Three-year stock CAGR of 30% has been sharply reversed by the recent one-year decline of 19%, highlighting elevated price volatility
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Paradeep Phosphates is under significant near-term pressure with Q2FY27 net profit down 69% YoY, margins contracting sharply due to elevated sulphur costs, and sales volumes hurt by a weak monsoon. On the positive side, revenue still grew 7%, backward integration is advancing with phosphoric acid capacity expansion on track for Q1FY28, and sulphur prices are beginning to soften. The stock's 14% single-day drop reflects the severity of the earnings miss, but easing input costs and Rabi season inventory liquidation could support a recovery in the second half of FY27.
- Net profit plunges 69% YoY Oct 30
Q2FY27 net profit fell 69% YoY to ₹121 crore, while EBITDA dropped 37% to ₹413 crore and EBITDA margin contracted 400bps to 5.6%.
- Stock crashes 14% post results Oct 30
Shares tumbled 14% on Oct 30, making Paradeep Phosphates the biggest loser on the Nifty 500 after weak Q2 results.
- Sales volumes down 25% YoY Nov 4
Q2FY27 sales volumes declined 25% YoY to 1 million tonnes, impacted by below-normal monsoon conditions.
- Phosphoric acid expansion on track Oct 30
Phase 1 expansion from 5 lakh to 7 lakh tonnes annual phosphoric acid capacity is progressing and expected to commission in Q1FY28, with further expansion to 1 mmtpa targeted by FY29/FY30.
- ₹250Cr aluminium fluoride plant Oct 30
Board approved ₹250 crore investment to set up an aluminium fluoride plant, furthering backward integration.
- Sulphur prices softening Nov 4
Management indicated raw material prices, particularly sulphur, have started softening, which should ease margin pressure in coming quarters.
- Independent Director term ends Nov 3
Satyananda Mishra ceased as Independent Director on Nov 3 after completing his second three-year term.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,054 | 3,683 | 2,595 | 2,243 | 2,377 | 4,619 | 4,990 | 4,194 | 4,504 | 6,872 | 5,749 | 4,702 | 6,124 | 7,364 |
| Expenses | 3,093 | 3,427 | 2,313 | 2,095 | 2,231 | 4,112 | 4,551 | 3,811 | 3,923 | 6,216 | 5,276 | 4,260 | 5,404 | 6,951 |
| Operating Profit | −39 | 256 | 282 | 148 | 146 | 507 | 438 | 383 | 580 | 657 | 472 | 442 | 720 | 413 |
| OPM % | −1.3% | 7% | 11% | 7% | 6% | 11% | 9% | 9% | 13% | 10% | 8% | 9% | 12% | 6% |
| Other Income | 19 | 11 | 9 | 30.03 | 19 | 20 | 42 | 60 | 34 | 42 | −10 | 42 | 43 | 18 |
| Interest | 92 | 96 | 82 | 95 | 91 | 105 | 103 | 119 | 104 | 140 | 127 | 156 | 132 | 158 |
| Depreciation | 47 | 51 | 55 | 58 | 61 | 86 | 88 | 86 | 86 | 90 | 102 | 126 | 106 | 109 |
| PBT | −159 | 120 | 154 | 26 | 13 | 337 | 289 | 238 | 424 | 469 | 233 | 202 | 526 | 164 |
| Tax % | −25% | 26% | 29% | 18% | 59% | 24% | 28% | 28% | 25% | 27% | 22% | 23% | 25% | 26% |
| Net Profit | −120 | 89 | 109 | 22 | 5 | 255 | 209 | 172 | 317 | 342 | 182 | 156 | 393 | 121 |
| EPS (₹) | −1.47 | 1.1 | 1.34 | 0.26 | 0.07 | 3.13 | 2.57 | 2.11 | 3.88 | 4.19 | 1.75 | 1.5 | 3.78 | — |
Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,358 | 4,193 | 5,165 | 7,859 | 13,341 | 11,575 | 16,959 | 21,826 | 23,447 |
| Expenses | 3,906 | 3,726 | 4,616 | 7,175 | 12,525 | 10,903 | 15,384 | 19,618 | 21,155 |
| Operating Profit | 452 | 467 | 549 | 684 | 816 | 672 | 1,574 | 2,208 | 2,292 |
| OPM % | 10% | 11% | 11% | 9% | 6% | 6% | 9% | 10% | 10% |
| Other Income | 29 | 27 | 12 | 27 | 76 | 45 | 124 | 51 | 116 |
| Interest | 159 | 192 | 111 | 86 | 291 | 366 | 443 | 528 | 555 |
| Depreciation | 70 | 72 | 83 | 90 | 175 | 211 | 344 | 403 | 423 |
| PBT | 251 | 230 | 366 | 535 | 426 | 141 | 911 | 1,328 | 1,430 |
| Tax % | 37% | 16% | 39% | 26% | 29% | 29% | 27% | 25% | — |
| Net Profit | 159 | 193 | 223 | 398 | 304 | 100 | 662 | 996 | 1,072 |
| EPS (₹) | 2.76 | 3.36 | 3.88 | 6.92 | 3.73 | 1.23 | 8.12 | 9.6 | 11.22 |
| Div. Payout % | 36% | 0% | 0% | 0% | 13% | 41% | 12% | 16% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 575 | 575 | 575 | 575 | 814 | 815 | 815 | 1,038 |
| Reserves | 907 | 1,028 | 1,252 | 1,650 | 2,690 | 2,750 | 5,060 | 5,745 |
| Borrowings | 3,123 | 2,298 | 1,251 | 2,954 | 4,648 | 4,014 | 5,100 | 6,906 |
| Other Liabilities | 1,022 | 1,109 | 1,344 | 2,749 | 2,504 | 2,083 | 3,294 | 4,247 |
| Total Liabilities | 5,628 | 5,010 | 4,423 | 7,928 | 10,657 | 9,661 | 14,268 | 17,936 |
| Fixed Assets | 1,024 | 1,214 | 1,226 | 1,261 | 2,872 | 3,431 | 5,194 | 6,026 |
| CWIP | 255 | 149 | 220 | 336 | 697 | 372 | 584 | 424 |
| Investments | 0 | 3 | 125 | 553 | 3 | 3 | 272 | 25 |
| Other Assets | 4,349 | 3,644 | 2,852 | 5,778 | 7,085 | 5,855 | 8,218 | 11,461 |
| Total Assets | 5,628 | 5,010 | 4,423 | 7,928 | 10,657 | 9,661 | 14,268 | 17,936 |
Cash Flow
₹ Cr| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | −920 | 1,270 | 1,501 | −44 | −2,377 | 1,437 | 1,648 | −1,012 |
| Investing | −103 | −143 | −289 | −1,099 | −419 | −367 | −415 | −557 |
| Financing | 1,018 | −1,141 | −1,124 | 1,589 | 2,301 | −1,022 | −389 | 998 |
| Net Cash Flow | −5 | −15 | 87 | 446 | −495 | 48 | 844 | −571 |
| Free Cash Flow | −1,047 | 1,131 | 1,332 | −664 | −2,812 | 1,026 | 1,191 | −1,878 |
| CFO/EBITDA | −196 | 278 | 288 | 6 | −274 | 222 | 117 | −33 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 196 | 187 | 82 | 42 | 101 | 86 | 66 | 80 |
| Inventory Days | 166 | 134 | 85 | 133 | 77 | 74 | 78 | 105 |
| Days Payable | 83 | 100 | 89 | 132 | 66 | 60 | 71 | 70 |
| Cash Conversion Cycle | 280 | 221 | 78 | 43 | 112 | 100 | 74 | 115 |
| Working Capital Days | 35 | 33 | 25 | −50 | 14 | 13 | −3 | 18 |
| ROCE % | — | 10% | 14% | 15% | 11% | 7% | 15% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Paradeep Phosphates insights
61 extracted metrics across FY19–FY27.
Documents
- Q1 FY27 concall · Jul 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT
- Q2 FY26 concall · Nov 2025Transcript PPT
- Q1 FY26 concall · Aug 2025Transcript PPT
- 11 Sep 2026
- 14 Apr 2026
- 27 Jan 2026
- 11 Sep 2025
- 25 Feb 2025
- General announcements 2 Nov 2026
Frequently Asked Questions about Paradeep Phosphates
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Company Information
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company. The company is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (namely NPK-10, NPK-12, and NP-20), Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid.
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