Is Dai-Ichi Karkaria 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 .

Is Dai-Ichi Karkaria 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 Somewhat overvalued zone .

What is Dai-Ichi Karkaria share price return in the past 10 years?

Dai-Ichi Karkaria Ltd share price has appreciated 26.3% annually (CAGR) over the past ten years.

Is Dai-Ichi Karkaria 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.

Dai-Ichi Karkaria Ltd - Stock Valuation and Financial Performance

Name: Dai-Ichi Karkaria
Brand: Dai-Ichi Karkaria

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

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Dai-Ichi Karkaria Share Price

₹638.15 13.40 2.14%
as on 25-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	10.8%	8.9%	15.4%	11.4%	6.5%	-3%	-7.1%	-0.8%	-11.9%	6.9%	-
Value Creation Index ⓘ	-0.2	-0.4	0.1	-0.2	-0.5	-1.2	-1.5	-1.1	-1.9	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	108	102	116	126	147	92.4	107	97.4	122	184	141
Sales YoY Gr.	-	-5.1%	13.8%	8.3%	16.6%	-37.1%	16.1%	-9.1%	25.1%	51%	-
Adj EPS ⓘ	10.2	9.8	19.5	18.1	15	-15.7	-30.2	-10.7	-27	12.7	19.5
YoY Gr.	-	-3.6%	97.9%	-6.9%	-17.3%	-204.5%	NA	NA	NA	NA	-
BVPS (₹) ⓘ	99.3	116.1	133.4	173.9	186.4	166	132.4	199.4	173.8	198.6	214.7
Adj Net Profit ⓘ	7.6	7.3	14.5	13.5	11.2	-11.7	-22.5	-8	-20.1	9.5	15
Cash Flow from Ops. ⓘ	1.6	1.5	6.7	2.6	-7.7	6.2	1	-21.5	-3.4	23.2	-
Debt/CF from Ops. ⓘ	0.7	0.7	0.2	1.5	-9.9	16.7	112.8	-0.9	-6.4	1.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.1%	4.6%	19.7%	51%
Adj EPS ⓘ	2.5%	-3.3%	NA	NA
BVPSⓘ	8%	1.3%	14.5%	14.3%
Share Price	26.3%	23.5%	21.3%	60.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	10.5	8.8	15	11.6	8.3	-8.9	-20.3	-6.5	-14.5	6.8	9.4
Op. Profit Mgn % ⓘ	7	8.2	12.8	13.9	10.4	-10.6	-4.3	-13.9	-15.1	8.8	6.1
Net Profit Mgn % ⓘ	7.1	7.2	12.5	10.7	7.6	-12.6	-21	-8.2	-16.5	5.2	10.3
Debt to Equity ⓘ	0	0	0	0	0.6	0.8	1.1	0.1	0.2	0.3	-
Working Cap Days ⓘ	112	160	185	171	226	455	369	442	351	207	89
Cash Conv. Cycle ⓘ	57	65	51	50	56	85	47	57	39	22	13

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

Sales growth is growing at healthy rate in last 3 years 19.73%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -13.69%

Latest Financials - Dai-Ichi Karkaria Ltd.

	Standalone	Consolidated
TTM EPS (₹)	19.5	18
TTM Sales (₹ Cr.)	141	141
BVPS (₹.) ⓘ	214.7	240.5
Reserves (₹ Cr.) ⓘ	152	172
P/BV ⓘ	2.91	2.60
PE ⓘ	32.08	34.79

From the Market
52 Week Low / High (₹)	326.65 / 666.00
All Time Low / High (₹)	5.50 / 666.00
Market Cap (₹ Cr.)	466
Equity (₹ Cr.)	7.5
Face Value (₹)	10
Industry PE ⓘ	49.6

Management X-Ray of Dai-Ichi Karkaria:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Dai-Ichi Karkaria

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Dai-Ichi Karkaria

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	108	102	116	126	147	92	107	97	122	184
Operating Expenses ⓘ	100	94	101	109	132	103	112	111	140	168
Manufacturing Costs	6	6	6	8	10	11	12	17	17	15
Material Costs	75	67	72	76	95	63	72	67	89	119
Employee Cost	11	12	13	14	15	17	16	15	15	16
Other Costs ⓘ	9	8	10	10	12	12	13	12	19	19
Operating Profit ⓘ	8	8	15	17	15	-11	-5	-14	-18	16
Operating Profit Margin (%)	7.0%	8.2%	12.8%	13.9%	10.4%	-11.7%	-4.7%	-13.9%	-15.1%	8.6%
Other Income ⓘ	4	8	9	12	6	3	4	6	6	6
Interest ⓘ	0	0	1	0	0	7	10	9	1	3
Depreciation ⓘ	2	4	2	2	4	8	9	9	7	7
Exceptional Items ⓘ	6	7	0	0	0	-1	-4	82	4	10
Profit Before Tax ⓘ	15	19	21	27	16	-24	-25	57	-17	22
Tax ⓘ	3	4	6	7	4	-12	0	7	0	4
Profit After Tax	13	15	16	21	12	-13	-25	50	-17	18
PAT Margin (%)	11.6%	14.5%	13.4%	16.6%	8.2%	-13.7%	-23.3%	51.1%	-13.6%	10.0%
Adjusted EPS (₹)	16.8	19.8	20.9	28.0	16.1	-17.0	-33.5	66.8	-22.3	24.8
Dividend Payout Ratio (%)	15%	13%	14%	11%	16%	0%	0%	4%	0%	16%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	78	90	103	130	139	124	99	149	129	148
Share Capital ⓘ	7	7	7	7	7	7	7	7	7	7
Reserves ⓘ	70	83	96	122	131	116	91	141	122	140
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1	1	1	4	70	87	91	20	22	34
Long Term Debt	1	1	1	4	60	73	68	0	4	17
Short Term Debt	0	0	0	0	10	14	24	20	18	16
Trade Payables	9	10	10	14	22	22	29	39	30	28
Others Liabilities ⓘ	10	27	30	11	61	54	55	43	45	35
Total Liabilities ⓘ	98	128	144	159	292	287	274	250	226	245
Fixed Assets
Gross Block	54	57	61	22	100	179	177	132	140	179
Accumulated Depreciation	39	43	45	2	7	15	24	28	34	40
Net Fixed Assetsⓘ	15	14	16	20	94	164	153	105	105	139
CWIP ⓘ	7	6	14	32	43	5	3	0	2	0
Investmentsⓘ	31	42	40	44	21	5	2	5	1	1
Inventories	10	12	12	16	19	17	20	24	23	19
Trade Receivables	20	18	18	21	30	17	20	24	18	27
Cash Equivalents	6	7	7	5	7	8	4	15	6	8
Others Assetsⓘ	8	29	37	21	77	72	72	77	72	50
Total Assets ⓘ	98	128	144	159	292	287	274	250	226	245

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	2	1	7	3	-8	6	1	-22	-3	23
PBT ⓘ	15	19	21	27	16	-24	-25	57	-17	22
Adjustment ⓘ	-8	-11	-6	-9	1	15	21	-68	11	4
Changes in Working Capital ⓘ	-2	-2	-3	-9	-22	16	4	-3	2	-2
Tax Paid ⓘ	-3	-5	-6	-7	-4	0	1	-8	0	-1
Cash Flow From Investing Activity ⓘ	-2	2	-3	-7	-57	-21	1	130	-4	-33
Capex	-2	-2	-12	-22	-82	-38	-2	130	-11	-33
Net Investments	-4	-2	2	8	23	16	3	-4	4	0
Others ⓘ	5	6	6	8	2	1	0	3	3	0
Cash Flow From Financing Activityⓘ	-2	-2	-5	2	66	16	-6	-97	-2	13
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	3	63	23	-5	-20	4	13
Interest Paid ⓘ	0	0	0	-1	-4	-9	-10	-9	-1	-3
Dividend Paid ⓘ	-2	-2	-4	0	-3	-2	0	0	-2	0
Others ⓘ	-1	0	-1	0	10	4	10	-68	-3	3
Net Cash Flow ⓘ	-2	1	-1	-2	2	2	-4	11	-10	4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	18.18	18.42	16.76	18.24	8.93	-9.62	-22.44	40.28	-11.93	13.32
ROCE (%)	22.62	23.8	23.27	23.55	9.49	-7.73	-6.77	35.34	-9.43	14.91
Asset Turnover Ratio	1.28	0.99	0.92	0.88	0.66	0.32	0.38	0.37	0.52	0.78
PAT to CFO Conversion(x)	0.15	0.07	0.44	0.14	-0.67	N/A	N/A	-0.44	N/A	1.28
Working Capital Days
Receivable Days	54	63	53	53	62	92	63	82	61	44
Inventory Days	33	36	35	39	44	71	63	84	70	42
Payable Days	38	48	51	58	69	126	130	183	140	89

Dai-Ichi Karkaria Ltd Stock News

Dai-Ichi Karkaria Ltd FAQs

What is the share price of Dai-Ichi Karkaria?

Company share prices are keep on changing according to the market conditions. The closing price of Dai-Ichi Karkaria on 25-Apr-2024 16:01 is ₹638.1.

What is the market cap of Dai-Ichi Karkaria?

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 25-Apr-2024 16:01 the market cap of Dai-Ichi Karkaria stood at ₹465.5.

What is the P/E ratio of Dai-Ichi Karkaria?

The latest P/E ratio of Dai-Ichi Karkaria as of 25-Apr-2024 16:01 is 32.08.

What is the P/B ratio of Dai-Ichi Karkaria?

The latest P/B ratio of Dai-Ichi Karkaria as of 25-Apr-2024 16:01 is 2.91.

What is the 52-week high and low of Dai-Ichi Karkaria?

The 52-week high of Dai-Ichi Karkaria is ₹666.0 and the 52-week low is ₹326.6.

What is the TTM revenue of Dai-Ichi Karkaria?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dai-Ichi Karkaria is ₹140.6 ( 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.