On Monday, at around 11am the share price of this small cap chemical company engaged in producing lead, lead alloys and plastic additives reached a 52-week high of ₹1062.50 from previous close of ₹926.25. The stock gained nearly 14.7 percent, after its quarterly results of Q1 FY25 were published.
What happened:
In the quarter ending June 2024, Pondy Oxides & Chemicals reported a 36.83 percent increase in revenue to Rs.444.94 crore compared to Rs.325.18 crore in the corresponding quarter of June FY2024, according to the filings. Furthermore, on a quarter-over-quarter basis, the company saw an increase of 23 percent from Rs Rs.362.55 crore in Q4 FY24.
In the same period, the company has reported a significant increase in net profit of 216.10 percent to Rs.12.96 crore in Q1 FY25, up from Rs 4.10 crore Q1FY24 and 8.5 percent from Rs.11.95 crores in Q1 FY2025.
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Capacity Expansion:
Pondy Oxides and Chemicals intend to augment their lead production capacity by an additional 72,000 metric tonnes per annum.
The company is also enhancing capacity in its existing sectors while diversifying into emerging fields like lithium-ion technology and forward integration. POCL is further planning to invest Rs.100 crore for financing upcoming projects in FY25.
International Formulations:
Pondy Oxides And Chemicals Ltd. exports 60 percent of their manufactured products. They have a good presence in the international markets, exporting and importing goods from countries including Tanzania ,Malaysia and a host of other countries.
Shareholding Pattern:
As per the shareholding pattern of June 2024, the Promoters hold a 45.14 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.02 percent stake, while Retail Investors hold the remaining 54.84 percent stake in Pondy Oxides and Chemicals Ltd.
About the Company:
Pondy Oxides And Chemicals Ltd. is a company with its presence in metals, metallic oxides, PVC stabilisers and lead acid batteries. The principal activities of the company are converting lead scraps of various forms into lead metal and alloys. POCL is also in the metallic and non-metallic recycling industry as India’s Lead manufacturer in Lead Alloys headquartered in Chennai, Tamil Nadu.
Written by – Siddesh S Raskar
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