Categories AlphaGraphs, Earnings, LATEST

Stellar performance of Pondy Oxides in the last quarter of FY22

Incorporated in the year 1995 and headquartered in Chennai, Pondy Oxides and Chemicals Limited (“POCL” | BSE: 53262) is India’s leading non-ferrous recycling company and the largest secondary lead metal manufacturing company in India. The company recycles lead, copper, zinc and plastic in various forms.

Pondy oxides closed its last quarter earnings of FY22 with a stellar performance. The total income grew by ~33% from Rs 300.82 Crores in Q4 FY21 to Rs 399.81 Crores in Q4 FY22 while the net profit for the Q-o-Q soared up by a whopping ~136% from Rs 4.47 Crores in Q4 FY21 to Rs 10.53 Crores in Q4 FY22. The company has further managed its expenses very well as the EBITDA grew by ~138% on the Q-o-Q basis. Surprisingly, the company has reduced its net debt by ~23% from the previous fiscal year and now has short term borrowings of Rs 98.40 Crores on its books. 

The future outlook of the company remains very positive. Lead business will continue to grow at a CAGR of 20-25% plus and since they have added copper to their portfolio, hence  the company intends to grow the same portfolio and other non-ferrous metals in FY 22-23.

Since, lead business remains the primary forte, the company intends to put special focus on it by improving operational processes and adding new manufacturing processes for a sustainable and green environment as also stated by the management.  

“We also see organic growth in the Lead segment as well. We foresee an improvement in Quantities for Value Added Lead Alloys which contribute to the top line and better-operating margins of the company and keeping it consistent at 7% plus. Being an LME Registered Brand, POCL has a competitive advantage to serve its Customers in the International Market.”

Piyush Dhawan, VP Commercial

With keeping its vision in mind, the company emphasizes on Financial Metrics with 25%+ CAGR, 15% ROCE and 7%+ EBITDA  Margins. The company expects to achieve a turnover of 1 Billion USD.

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