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HomeINVESTMENT4253% Long Term Return; Largest Carbon Black Manufacturers; ₹350 Share Target

4253% Long Term Return; Largest Carbon Black Manufacturers; ₹350 Share Target

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Multibagger stock: Many such stocks in the stock market have given multibagger returns to investors in just a few years. 

One such stock is carbon black manufacturer PCBL Limited (NSE: PCBL). This share, which was at the level of ₹ 31 in March 2020, is today at the level of ₹ 245.55.

The stock has given a return of 684% during this period. For comparison, The Nifty Small-Cap 100 index posted an increase of 158% over the same time. 

This stock has provided 4253% of its earnings for investors over the long run.

When And How Much Return In 10 Years

If we look at the performance of the last 10 years (2013-2023), PCBL Limited shares have given positive returns 7 times. 

Of these, this stock gave the highest return of 338% in 2017. Then the stock climbed by 94% during the year 2023. The cost of this shares was Rs5.65 10 years ago.

Investors have got a strong return of 4253% during this period. This company has been among the largest manufacturers of carbon black in India with a client base of more than 45 different countries.

Carbon black the primary raw material used for the manufacture of automobile tires, is manufactured by using carbon black feedstock (CBFS) and Tar oil.

What Did The Brokerage Say?

Global brokerage firm has given a ‘buy’ rating citing the recent improvement in the stock and positive outlook for the company. Along with this, a target price of ₹ 350 per share has been fixed. 

The brokerage stated that expanding the CBO-CBFS (carbon black feedstock black) differential is good for Indian players. 

According to the brokerage, CBFS-based companies like PCBL are expected to maintain their competitive edge over China’s CBO-based carbon black producers.

About PCBL Ltd Company 

PCBL Limited is an India-based carbon black manufacturer. The products of the company are special chemicals, Tires, and Performance Chemicals as well as Product Stewardship as well as Safety Data Sheet (SDS). 

Specialty Chemicals can be used as pigments in coatings, plastic, inks, and other applications. 

The businesses are located in Durgapur (West Bengal), Mundra (Gujarat), Palej (Gujarat), and Kochi (Kerala). 

High-tech applications include rechargeable batteries, fiber and premium automotive paints. 

Specialty Chemicals Related Products include fiber pressure pipes, food contact, multiple-layered film, inks and moldings, coatings, and films general pipelines, drip irrigation as well as engineering plastics. 

The company’s total operating income is 5873.89 crores, and its equity capital of Rs 37.75 crores. It was established in the year 1960.

Fundamental Analysis of PCBL Ltd 

Market Cap₹ 9,320 Cr.
Current Price₹ 245.55
52-wk High₹ 344
52-wk Low₹ 108
Stock P/E19.3
Book Value₹ 82.6
Dividend2.23 %
ROCE16.9 %
ROE15.7 %
Face Value₹ 1.00
P/B Value2.99
OPM15.5 %
EPS₹ 12.8
Debt₹ 1,171 Cr.
Debt to Equity0.38

PCBL Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹345₹370
2025₹380₹405
2026₹412₹453
2027₹460₹498
2028₹500₹514
2029₹532₹555
2030₹580₹623
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PCBL Ltd Shareholding Pattern

Promoters Holding
Dec 202251.41%
Mar 202351.41%
June 202351.41%
Sept 202351.41%
Dec 202351.41%
FII Holding
Dec 20228.58%
Mar 20236.34%
June 20236.56%
Sept 20237.07%
Dec 20237.12%
DII Holding
Dec 20227.16%
Mar 20238.15%
June 20239.05%
Sept 20237.78%
Dec 20236.25%
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Govt. Holding
Dec 20221.24%
Mar 20231.24%
June 20231.24%
Sept 20231.24%
Dec 20231.24%
Public Holding
Dec 202231.62%
Mar 202332.85%
June 202331.74%
Sept 202332.51%
Dec 202333.98%

PCBL Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,529 Cr
2020₹ 3,244 Cr
2021₹ 2,660 Cr
2022₹ 4,446 Cr
2023₹ 5,865 Cr
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Last 5 Years’ Net Profit:

2019₹ 383 Cr
2020₹ 288 Cr
2021₹ 314 Cr
2022₹ 426 Cr
2023₹ 482 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.44
20200.32
20210.29
20220.26
20230.33

Last 10 Years’ Profit Growth:

10 Years:36%
5 Years:14%
3 Years:15%
Current Year:13%

Last 10 years’ Return on Equity (ROE):

10 Years:14%
5 Years:18%
3 Years:17%
Last Year:16%

Sales Growth Over 10 Years:

10 Years:10%
5 Years:18%
3 Years:21%
Current Year:4%

Conclusion

This article is a complete guide about PCBL Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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