Dai-Ichi Karkaria Ltd - Stock Valuation and Financial Performance

BSE: 526821 | NSE: DAICHIKARK | Chemicals | Small Cap

Dai-Ichi Karkaria Share Price

542.05 -13.95 -2.51%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Dai-Ichi Karkaria

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Dai-Ichi Karkaria stock performance -

mw4me loader
P/E Ratio (SA):
25.02
Market Cap:
403.9 Cr.
52-wk low:
372.1
52-wk high:
799.2

Is Dai-Ichi Karkaria Ltd an attractive stock to invest in?

1. Is Dai-Ichi Karkaria Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dai-Ichi Karkaria Ltd is a below average quality company.

2. Is Dai-Ichi Karkaria Ltd undervalued or overvalued?

The key valuation ratios of Dai-Ichi Karkaria Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Dai-Ichi Karkaria Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dai-Ichi Karkaria Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Dai-Ichi Karkaria:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dai-Ichi Karkaria Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 23.8%23.3%23.6%9.5%-7.7%-6.8%35.3%-9.4%14.9%13.1%-
Value Creation
Index
0.70.70.7-0.3-1.6-1.51.5-1.70.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10211612614792.410797.4122184132138
Sales YoY Gr.-13.8%8.3%16.6%-37.1%16.1%-9.1%25.1%51%-28.5%-
Adj EPS 9.819.518.115-15.7-30.2-10.7-2712.71.421.7
YoY Gr.-97.9%-6.9%-17.3%-204.5%NANANANA-88.7%-
BVPS (₹) 116.1133.4173.9186.4166132.4199.4173.8198.6215.9215.5
Adj Net
Profit
7.314.513.511.2-11.7-22.5-8-20.19.51.116
Cash Flow from Ops. 1.56.72.6-7.76.21-21.5-3.423.27.6-
Debt/CF from Ops. 0.70.21.5-9.916.7112.8-0.9-6.41.72.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.8%7.3%10.5%-28.5%
Adj EPS -19.2%NANA-88.7%
BVPS7.1%5.4%2.7%8.8%
Share Price 15.1% 12.7% 10.2% 21.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.81511.68.3-8.9-20.3-6.5-14.56.80.710
Op. Profit
Mgn %
8.212.813.910.4-10.6-4.3-13.9-15.18.84.96.4
Net Profit
Mgn %
7.212.510.77.6-12.6-21-8.2-16.55.20.811.7
Debt to
Equity
0000.60.81.10.10.20.30.1-
Working Cap
Days
16018517122645536944235118117888
Cash Conv.
Cycle
6551505685475739225417

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.00%

Sales growth is growing at healthy rate in last 3 years 10.54%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -15.78%

Latest Financials - Dai-Ichi Karkaria Ltd.

Standalone Consolidated
TTM EPS (₹) 21.7 23.1
TTM Sales (₹ Cr.) 138 138
BVPS (₹.) 215.5 242.2
Reserves (₹ Cr.) 153 173
P/BV 2.51 2.24
PE 25.02 23.44
From the Market
52 Week Low / High (₹) 372.10 / 799.20
All Time Low / High (₹) 5.50 / 799.20
Market Cap (₹ Cr.) 404
Equity (₹ Cr.) 7.5
Face Value (₹) 10
Industry PE 59.6

Management X-Ray of Dai-Ichi Karkaria:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dai-Ichi Karkaria

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1021161261479210797122184132
Operating Expenses 94101109132103112111140168125
Manufacturing Costs66810111217171515
Material Costs677276956372678911879
Employee Cost 12131415171615151620
Other Costs 8101012121312191912
Operating Profit 8151715-11-5-14-18166
Operating Profit Margin (%) 8.2%12.8%13.9%10.4%-11.7%-4.7%-13.9%-15.1%8.6%4.8%
Other Income 89126346666
Interest 01007109133
Depreciation 4224899779
Exceptional Items 7000-1-48241021
Profit Before Tax 19212716-24-2557-172221
Tax 4674-1207045
Profit After Tax 15162112-13-2550-171816
PAT Margin (%) 14.5%13.4%16.6%8.2%-13.7%-23.3%51.1%-13.6%10.0%12.1%
Adjusted EPS (₹)19.820.928.016.1-17.0-33.566.8-22.324.821.4
Dividend Payout Ratio (%)13%14%11%16%0%0%4%0%16%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9010313013912499149129148161
Share Capital 7777777777
Reserves 839612213111691141122140153
Minority Interest0000000000
Debt11470879120223418
Long Term Debt11460736804171
Short Term Debt00010142420181617
Trade Payables10101422222939302816
Others Liabilities 273011615455434595
Total Liabilities 128144159292287274250226219200

Fixed Assets

Gross Block576122100179177132140178179
Accumulated Depreciation434527152428343947
Net Fixed Assets14162094164153105105139132
CWIP 6143243530202
Investments 42404421525111
Inventories12121619172024231917
Trade Receivables18182130172024182722
Cash Equivalents 77578415686
Others Assets29372177727277722420
Total Assets 128144159292287274250226219200

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 173-861-22-3238
PBT 19212716-24-2557-172221
Adjustment -11-6-911521-68114-12
Changes in Working Capital -2-3-9-22164-32-2-1
Tax Paid -5-6-7-401-80-10
Cash Flow From Investing Activity 2-3-7-57-211130-4-3318
Capex -2-12-22-82-38-2130-11-33-5
Net Investments -22823163-4400
Others 66821033024
Cash Flow From Financing Activity -2-526616-6-97-213-25
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0036323-5-20413-16
Interest Paid 00-1-4-9-10-9-1-3-3
Dividend Paid -2-40-3-200-20-3
Others 0-1010410-68-33-3
Net Cash Flow 1-1-222-411-1041
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)18.4216.7618.248.93-9.62-22.4440.28-11.9313.3210.34
ROCE (%)23.823.2723.559.49-7.73-6.7735.34-9.4314.9113.07
Asset Turnover Ratio0.990.920.880.660.320.380.370.520.820.63
PAT to CFO Conversion(x)0.070.440.14-0.67N/AN/A-0.44N/A1.280.5
Working Capital Days
Receivable Days63535362926382614468
Inventory Days36353944716384704249
Payable Days4851586912613018314089103

Dai-Ichi Karkaria Ltd Stock News

Dai-Ichi Karkaria Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dai-Ichi Karkaria on 04-Oct-2024 16:01 is ₹542.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Oct-2024 16:01 the market cap of Dai-Ichi Karkaria stood at ₹403.9.
The latest P/E ratio of Dai-Ichi Karkaria as of 04-Oct-2024 16:01 is 25.02.
The latest P/B ratio of Dai-Ichi Karkaria as of 04-Oct-2024 16:01 is 2.51.
The 52-week high of Dai-Ichi Karkaria is ₹799.2 and the 52-week low is ₹372.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dai-Ichi Karkaria is ₹137.6 ( Cr.) .

About Dai-Ichi Karkaria Ltd

Dai-Ichi Karkaria Ltd. (DIKL) was set up in 1960 as a private limited company for the manufacture of speciality chemicals and commenced its commercial production in 1963, in technical collaboration with the world renowned Dai-Ichi Kogyo Seiyaku Co. Ltd., Japan.

The company has access to relevant and innovative technology, together with 42 years of experience in the development and manufacture of high performance specialty chemicals for different applications.

The company has built a reputation on innovation & quality. Consistent quality standards are maintained and upgraded continuously in line with customer expectations. Continuing the tradition established by its Chairman Dhunjishaw Neterwala, the company promotes and supports the highest standards of integrity and social responsibility to their employees and the environment.Dai-Ichi's integrated Research & Development and marketing teams work across multiple industrial applications, bringing the strength of the company's technical resources, to deliver performance solutions to its clients.

The company's experience backed by a wide knowledge of chemistry and various applications, allows it to resolve various process problems through innovative solutions. Dai-Ichi's reputation, built on batch-to-batch consistencies in quality, is maintained through standards that are never lowered. A strong alliance with the world-renowned Dai-Ichi Kogyo Seiyaku Co. Ltd., Japan has equipped the company with complementary skills in technology & product development, giving it a competitive edge over the others.

Dai-Ichi is committed to contribute to the specialty chemicals industry as a long-term player and pioneer of value-added technologies in the country.

The company has partnerships &  alliances with :

  • Dai-Ichi Kogyo Seiyaku Co. Ltd., Japan
  • Matsumoto Yushi Seiyaku Co. Ltd., Japan
  • Baker Petrolite, USA
  • Inogent Laboratories Pvt. Ltd., India (The GVK Group)

Product range of the company includes:

  • Leather Chemicals
  • Oilfield Chemicals
  • Non-ionic, Anionic, Cationic polyelectrolytes for use as Flocculants and in agricultural applications.
  • Spin Finishes, Additives for the Rayon industry
  • Selected Polymers for the Oil industry like Pour Point Depressants.
  • Flocculants and Chelating agents used in water treatment and related industries.
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