{"id":143173,"date":"2023-03-06T02:00:21","date_gmt":"2023-03-06T07:00:21","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143173"},"modified":"2023-06-01T01:07:52","modified_gmt":"2023-06-01T05:07:52","slug":"pondy-oxides-makes-a-stellar-debut-on-nse","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/pondy-oxides-makes-a-stellar-debut-on-nse\/","title":{"rendered":"Pondy Oxides makes a stellar debut on NSE"},"content":{"rendered":"\n

On Monday, value investors rejoiced in celebration as Pondy Oxides and Chemicals got listed on the National Stock Exchange. The company hit the bell at 9:30 am. <\/p>\n\n\n\n

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The company was listed under the ticker symbol of \u201cPONDYOXIDE\u201d having the face value of INR 10. The company has listed 1,16,24,780 shares under the listing procedure. Until now, Pondy Oxides was trading under the scrip code of \u201c532626\u201d on BSE.<\/p>\n\n\n\n

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So what\u2019s the company all about?<\/strong><\/h3>\n\n\n\n

Pondy Oxides and Chemicals Limited (\u201cPOCL\u201d | BSE: 53262) is India\u2019s leading non-ferrous recycling company and the largest secondary Lead metal manufacturing company of India. The company recycles Lead, Copper, Zinc and Plastic in various forms. It is India\u2019s first and only 3N7 Lead Brand to be registered on the London Metal Exchange (LME) which basically makes the Lead metal manufactured by the Company completely liquid and easy to be delivered to LME warehouses globally and MCX warehouses in India as well.<\/p>\n\n\n\n

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Investment thesis:<\/strong><\/h3>\n\n\n\n

Competitive edge:<\/strong> POCL has direct empanelment with the OEMs across the globe which gives it a competitive edge in securing long term contracts with a certain degree of fixed volumes.<\/p>\n\n\n\n

Volume growth to boost Topline:<\/strong> The company has increased the smelting capacity in their plants and further has the finished goods capacity for the manufacture of Lead metal and alloys for 1,32,000 MT per annum. With respect to volume growth, the Company has witnessed 20% growth in smelting operations in the first half of FY 2022-23 compared to the same period in previous year.<\/p>\n\n\n\n

Significant debt reduction:<\/strong> makes it virtually a debt debt free company: POCL has achieved a ROCE of 34% in 1 st half of FY 2022-23, and it is strongly in line with our expectations for the entire FY. It has also reduced the debt by around Rs. 72 crores in 1 st Half of the FY 2023. This has happened because of our focus on reducing our working capital cycle.<\/p>\n\n\n\n

Diversified Supply Base:<\/strong> The company has a diversified consumer base globally, the raw material procurement is largely inclined towards imports. On account of that, the firm has taken steps to increase the domestic supply base. The diversified consumer and supply base along with a diversified product portfolio works positively to reduce the risk associated with the business.<\/p>\n\n\n\n

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Recent Developments:<\/strong><\/h3>\n\n\n\n

During the quarter, the company has commenced aluminum production with an authorized capacity of 12,000 metric tonnes per annum in December 2022, and have also rolled out the product into the domestic market in the trial phases. In addition, the company has also commenced trial production in plastics, while the other machineries are at different stages of installation and commissioning. This is for a capacity of 12,000 metric tonnes per annum.<\/p>\n\n\n\n

POCL has also been recognized as a Three Star Export House for the previous financial year, having crossed over USD100 million in exports sales standalone. <\/p>\n\n\n\n

In the previous quarter, the company also acquired Harsha Exito Engineering Private Limited. The company is acquired as a part of POCL’s strategy to expand its portfolio and enter into additional verticals in our core domain, increasing land bank and evaluating additional business opportunities in both short term and long-term. On the manufacturing side, Harsha Exito is involved in production of Chopped Strand Mat and Glass Fiber. <\/p>\n\n\n\n

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Projects Pipeline:<\/strong><\/h3>\n\n\n\n

POCL is the first company to commercialize the green technology in the manufacturing space for lead recycling. The project installation and commissioning is going on and it’s in its extreme final stages, where the trial runs have already started. The usage of this technology during the production process, specifically, reduces the greenhouse emission gases. <\/p>\n\n\n\n

<\/div>\n\n\n\n

The story in charts:<\/strong> <\/h3>\n\n\n\n

The revenue of the company has seen a drastic increase with the increased demand of Lead & other metal alloys. The lead metal\u2019s increased demand comes mainly from the Automotive Industry. Along with that, lead as a base metal is used in various industries. So, essentially a boom in development will be largely reflected in the prices of lead. The company monitors its hedging strategies to protect itself from the volatile nature of the commodity market. <\/p>\n\n\n\n

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There has been a rise in the cost of smelting and refining along with the rise in freight charges and fuel prices. This rise in various factors of production has impacted the profitability of the firm. <\/p>\n\n\n\n

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Shareholding pattern:<\/strong><\/h4>\n\n\n\n

Interestingly, the public holds a larger chunk of the shares with DIIs increasing their stake over the quarters. Astoningishly, super investor Dolly Khanna holds 3.12% stake in the company.<\/p>\n\n\n\n

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Meanwhile, the company has delivered 15% return over the period of last one year.The stock price has also risen by 38% and 55% CAGR over the period of last 10 and 3 years respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday, value investors rejoiced in celebration as Pondy Oxides and Chemicals got listed on the National Stock Exchange. The company hit the bell at 9:30 am.  The company was listed under the ticker symbol of \u201cPONDYOXIDE\u201d having the face value of INR 10. The company has listed 1,16,24,780 shares under the listing procedure. Until […]<\/p>\n","protected":false},"author":1863,"featured_media":143174,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5753,5],"tags":[10012,10010,8985],"class_list":["post-143173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrials","category-latest","tag-copper-recycling-company","tag-lead-smelting-company","tag-renewable-plastics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-11.37.07-AM.jpeg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134689,"url":"https:\/\/alphastreet.com\/india\/pondy-oxides-chemicals-continues-expansion-depicts-long-term-prospects\/","url_meta":{"origin":143173,"position":0},"title":"Pondy Oxides & Chemicals Continues Expansion, Depicts Long-Term Prospects","author":"Priti_Ramgarhia","date":"October 14, 2022","format":false,"excerpt":"India\u2019s leading non-ferrous recycling company, Pondy Oxides and Chemicals Ltd., is on the expansion path. To support environmental sustainability by giving priority importance to recycling, the company recently announced its intention to build an aluminum recycling\/melting facility.\u00a0 Pondy Oxides is the largest secondary lead metal manufacturing company that recycles lead,\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":133902,"url":"https:\/\/alphastreet.com\/india\/can-pondy-oxides-be-a-long-term-winner-for-income-oriented-investors\/","url_meta":{"origin":143173,"position":1},"title":"Can Pondy Oxides be a Long-Term Winner for Income-Oriented Investors?","author":"Priti_Ramgarhia","date":"September 15, 2022","format":false,"excerpt":"Pondy Oxides and Chemicals Ltd.\u00a0has provided a one-year return of around 190%, significantly up when compared to its peers such as Guj Alkali and Solar Ind, among others.\u00a0 Macroeconomic uncertainty has caused constant volatility in the market, resulting in a slowdown in infrastructure, automotive, and various other sectors affecting the\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/09\/Pondy-Oxides-and-Chemicals-Limited-4.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":164938,"url":"https:\/\/alphastreet.com\/india\/pondy-oxides-chemicals-ltd-q2fy25-reports-a-113-rise-in-profits\/","url_meta":{"origin":143173,"position":2},"title":"Pondy Oxides & Chemicals Ltd reports a 113% rise in Profits in Q2FY25","author":"Chirag Gupta","date":"October 16, 2024","format":false,"excerpt":"Incorporated in 1995, Pondy Oxides and Chemicals Ltd manufactures Lead Metal and Alloys and other Non-ferrous metals Financial Results: Pondy Oxides & Chemicals Ltd reported Revenues for Q2FY25 of \u20b9572.00 Crores up from \u20b9393.00 Crore year on year, a rise of 45.55%. Total Expenses for Q2FY25 of \u20b9550.00 Crores up\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/b2b7a6d3-05cf-4b3b-827d-10086c494475.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/b2b7a6d3-05cf-4b3b-827d-10086c494475.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/b2b7a6d3-05cf-4b3b-827d-10086c494475.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/b2b7a6d3-05cf-4b3b-827d-10086c494475.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/b2b7a6d3-05cf-4b3b-827d-10086c494475.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/b2b7a6d3-05cf-4b3b-827d-10086c494475.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":133044,"url":"https:\/\/alphastreet.com\/india\/infographic-pondy-oxides-opens-fy23-with-a-stellar-performance-as-revenue-grows-by-49\/","url_meta":{"origin":143173,"position":3},"title":"Infographic: Pondy Oxides Opens FY23 with a stellar performance as Revenue grows by 49%","author":"Chirag Gupta","date":"August 11, 2022","format":false,"excerpt":"Pondy Oxides opened the FY23 with a robust performance wherein the total income grew 49% to INR 364 crores in Q1 FY23 from INR 243.97 crores in Q1 FY22. Net profit jumped 35% to INR 11.59 crores. Sequentially, the net profit rose 9%. 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The revenue soared by 32 percent but due to global cues like recession and increasing material cost, the net profit took a dip. To address the shareholders at large and discuss the financial &\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127844,"url":"https:\/\/alphastreet.com\/india\/pondy-oxides-chemicals-response-to-queries-of-investors-analysts-post-q3-fy22-earnings-call\/","url_meta":{"origin":143173,"position":5},"title":"Pondy Oxides & Chemicals’ response to queries of investors, analysts post Q3 FY22 earnings call","author":"sreerupa","date":"February 23, 2022","format":false,"excerpt":"Following Pondy Oxides and Chemicals\u2019 Q3 FY22 earnings call, which was held on February 9, we received a lot of queries from analysts and retail investors. The POCL management team went through those queries and reverted to us with their responses. Q:\u00a0Your chairman speech at the last AGM explains that\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/pocl1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/pocl1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/pocl1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/pocl1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/pocl1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=143173"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/143174"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=143173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=143173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=143173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}