PCBL Share Price Target 2024-2030 Fundamentals & Quarterly Results

PCBL Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Mr. K. P. Goenka established PCBL, which is a subsidiary of RP-Sanjiv Goenka Group, in 1960. PCBL began manufacturing operations in Durgapur with capabilities to produce 14,000 tons annually. For more than sixty years PQCL has remained a market leader in performance chemicals and fine chemicals sector with a present annual production capacity of 770,000 MT and generation of 122 MW green power per hour.PCBL Share Price Target

PCBL Overview

PCBL is an India’s biggest carbon black manufacturer and a considerable global player offering high-value goods to consumers in 50+ countries. Other than its four strategically placed high state-of-the-art plants in Durgapur (West Bengal), Palej (Gujarat), Mundra (Gujarat) and Kochi (Kerala), it also entails a research and development establishment located within itself in Palej (Gujarat) and another one bulged within itself in Ghislenghien (Belgium).

Company NamePhilips Carbon Black limited
Listed atNSE & BSE
Head OfficeRPSG House, 4th Floor, 2/4 Judges Court Road, Kolkata – 700 027, West Bengal, India
Board Of Directors
  • Dr.Sanjiv Goenka Chairman
  • Mr.Pradip Roy Ind. Non-Executive Director
  • Mr.Paras K Chowdhary Ind. Non-Executive Director
  • Mr.R K Agarwal Ind. Non-Executive Director
  • Mr.K Jairaj Ind. Non-Executive Director
  • Ms.Rusha Mitra Ind. Non-Executive Director
  • Mr.T C Sussel Kumar Ind. Non-Executive Director
  • Dr.S Ravi Ind. Non-Executive Director
  • Mr.Kaushik Roy Managing Director
  • Mrs.Preeti Goenka Non Executive Director
  • Mr.Shashwat Goenka Non Executive Director
Official Websitepcblltd.com

PCBL Business Profile

The company belongs to the RP‑Sanjiv Goenka Group and is involved in carbon production and electricity generation for its own use and sale of excess power to non-members.

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Product Profile

a) Tyres and Performance Chemicals- CarboNext 10, CarboNext 20, CarboNext 40, Orient Black N110, Orient Black N115, Orient Black N121, Orient Black N134, etc.
b) Specialty Chemicals- TDS Royale Black NuTone 324, TDS Royale Black NuTone 37,TDS Bleumina, TDS Royale Black PP803, TDS Royale Black PC501

c)Power – PCBL has the honour to be the first carbon black company to receive carbon credits from UNFCCC for it’s Captive Power Plant, situated at Baroda. Utilizing the thermal energy from the waste gas emitted during carbon black manufacturing, the electricity production process is carried out by the power plant. Through condensation, the waste steam is recovered and used in the generation of electrical energy.

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d) Rubber Goods-Conveyor belts, Construction, Rubber mats and shoe soles, Rubber pads and cap, Extrusions and profiles, Damping elements, Hoses and ducting, Power transmission belts (V belts),  etc.
e)Tyres –Passenger vehicle, Truck and bus, Three‑wheeler, Cycle, Re‑treading materials,Off‑the‑road, Agricultural, Forestry, Two‑wheeler, etc.

Manufacturing Capacity

The company operates four different plants, namely at Durgapur(WB), Palej and Mundra (Gujarat), and Kochi(Kerala) having total capacity of 6,03,000 MTPA and 91 MW green power producing capacity. In Fiscal Year 2022, total carbon black production was 4,56,484 MT.

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Clientele

MRF, CEAT, JK Tyre & Industries, Trelleborg, Camso and Petlas,Apollo Tyres, Bridgestone, Nexen, Kumho, Contitech, Giti Tyres, Goodyear, Michelin, Yokohama, TVS Group, Continental, Toyo

Subsidiary

The company established a fully-owned subsidiary on April 15, 2023, called PCBL EUROPE SRL in Belgium to research, develop, manufacture, market and trade specialty chemical substances as well as other chemical products.

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Capacity Expansion

Company is working on 2 expansion projects-

  1. A new creation has been set up in Chennai by a company under it, PCBL (TN) Limited with the expected commissioning of the project by Q3FY22-23. On completion (of this project), the facility will bring in another 1.47 Lac MTPA of carbon black capacity as well as 24MWs green energy stipulation .Previously Company had projected INR 800 crores for this very same scheme but now that number stands between INR 950 crores.To fund (or finance) this portfolio there has been provision for a loan of Rs. 250 crores along with proceeds from qualified institutional placements (QIP) and internal accruals.
  2. The brownfield project, capable of producing 40,000 MTPA, is underway at Mundra, Gujarat, and will be executed in two stages. It’s envisaged to have the first phase operating by the end of FY22-23. Kochi is in process for additional Green Power capacity of 7 MW. It would result into a total manufacturing capacity of 7.90 lac MTPA including 122 MW of green power . An estimated sum of ~Rs. 320 Crore is required for this initiative.

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PCBL Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 9,435 Cr.
Current Price₹ 250
High / Low₹ 344 / 133
Stock P/E19.2
Book Value₹ 86.0
Dividend Yield2.20 %
ROCE14.2 %
ROE16.2 %
Face Value₹ 1.00
Debt to equity1.53
Debt Capacity-0.26
Debt preceding year₹ 1,029 Cr.
Debt₹ 4,983 Cr.
Reserves₹ 3,209 Cr.
EPS₹ 13.0
EPS last year₹ 13.0
Pledged percentage0.00 %
FCF Prev Ann₹ -392 Cr.
EVEBITDA13.1
Industry PE35.9
PEG Ratio3.55
Piotroski score5.00
Earnings yield6.11 %
Sales growth 5Years12.7 %

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PCBL Quarterly Results

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales +1,0681,1561,2191,4091,6281,3631,3741,3481,4871,6571,929
Expenses +8819881,0841,2141,4391,2001,1901,1371,2491,3781,619
Operating Profit187168134195189163184211238279310
OPM %18%15%11%14%12%12%13%16%16%17%16%
Other Income +491212491743723
Interest8779111519192132108
Depreciation3031303733333441485375
Profit before tax153139109161149124148154172201149
Tax %20%20%19%21%22%22%31%29%28%26%26%
Net Profit +1221128812611697102109123148111
EPS in Rs3.542.952.343.343.082.572.712.893.253.922.95

CAGR Report

Metric10 Years5 Years3 YearsTTM
Compounded Sales Growth11%13%34%11%
Compounded Profit Growth23%5%17%15%
Stock Price CAGR43%28%31%86%
Return on Equity (ROE)16%17%17%16%

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PCBL Shareholding Pattern

Metric10 Years5 Years3 YearsTTM
Compounded Sales Growth11%13%34%11%
Compounded Profit Growth23%5%17%15%
Stock Price CAGR43%28%31%86%
Return on Equity (ROE)16%17%17%16%

PCBL Share Price Target 2024-2030 Forecast

YearTarget
2024₹148
2025₹207
2026₹246
2027₹300
2028₹350
2029₹400
2030₹450

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PCBL Share Price Target 2025

MonthsTarget Prices
January453
February462
March471
April455
May440
June425
July442
August460
September478
October488
November498
December508

PCBL Share Price Target 2026

MonthsTarget Prices
January518
February528
March539
April521
May504
June487
July506
August526
September547
October558
November569
December580

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PCBL Share Price Target 2027

MonthsTarget Prices
January592
February604
March616
April595
May575
June556
July578
August601
September625
October638
November651
December664

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PCBL Share Price Target 2028

MonthsTarget Prices
January677
February691
March705
April682
May659
June637
July662
August688
September716
October730
November745
December760

PCBL Share Price Target 2029

MonthsTarget Prices
January775
February791
March807
April780
May754
June729
July758
August788
September820
October836
November853
December870

PCBL Share Price Target 2030

MonthsTarget Prices
January887
February905
March923
April892
May862
June833
July866
August901
September937
October956
November975
December995

Official Website-pcblltd.com

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