Diamines & Chemicals Ltd Stock Analysis

BSE: 500120 | NSE: | Chemicals | Small Cap

BSE Share Price 23-Sep-2022 18:01
543.70 -15.45 (-2.76%)

DeciZen - Make an Informed Decision on Diamines & Chemicals

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Diamines & Chemicals Price Chart

P/E Ratio (SA) :
22.14
Market Cap :
531.9 Cr.
52-wk low :
229
52-wk high :
567
Bole Toh?

1. Is Diamines & Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Diamines & Chemicals Ltd is a good quality company.

2. Is Diamines & Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Diamines & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Diamines & Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Diamines & Chemicals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Diamines & Chemicals:

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.
Diamines & Chemicals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.1%6.6%2%4.2%12.8%19%28.2%46.8%28%18.1%-
Value Creation Index -0.4-0.5-0.9-0.7-0.10.41.02.31.00.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 57.443.939.135.634.838.547.369.362.866.174
YoY Gr. Rt. %--23.5%-11%-9%-2.3%10.7%22.9%46.5%-9.4%5.2%-
Adj EPS 21.5-1.30.34.98.313.427.721.517.124.6
YoY Gr. Rt. %--21.9%-186.3%NA1856%68.7%62.4%106.7%-22.5%-20.5%-
BVPS (₹) 32.132.931.231.538.443.649.966.686.9102.5113.7
Adj Net Profit 1.91.5-1.30.34.88.113.127.12116.724
Cash Flow from Ops. 15.35.64.77.38.99.912.52615.427.3-
Debt/CF from Ops. 1.33.54.32.10.800.2000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.6%13.7%11.8%5.2%
Adj EPS 27.2%28.4%8.4%-20.5%
BVPS 13.821.727.117.9
Share Price 32.3% 43.3% 66.3% 85.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 5.74.3-3.80.713.520.128.747.5281822.7
Op. Profit Mgn % 14.715.913.61326.230.140.157.44033.343.5
Net Profit Mgn % 3.43.4-3.30.713.82127.739.133.425.332.3
Debt to Equity 0.60.60.70.50.200000-
Working Cap Days 2152593013142782001381081611420
Cash Conv. Cycle 97109127136124103745190700

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.79%

Sales growth is good in last 4 quarters at 26.20%

Return on Equity has declined versus last 3 years average to 22.70%

Net Profit has been subdued in last 3 years 8.40%

Latest Financials - Diamines & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 24.6 24.6
TTM Sales (₹ Cr.) 74.3 74.3
BVPS (₹.) 113.7 113.7
Reserves (₹ Cr.) 101 101
P/BV 4.78 4.78
PE 22.14 22.15
From the Market
52 Week Low / High (₹) 229.00 / 567.00
All Time Low / High (₹) 0.60 / 567.00
Market Cap (₹ Cr.) 532
Equity (₹ Cr.) 9.8
Face Value (₹) 10
Industry PE 37.3

Management X-Ray of Diamines & Chemicals :

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 Diamines & Chemicals

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Diamines & Chemicals Ltd

Diamines & Chemicals Company (DACL) was incorporated in the year 1976 and commenced its production in 1982. The company has been the sole manufacturer of ethylene amines in Indian subcontinent for more than two decades. This plant has been set up with total indigenous R&D and expertise and is placed among the select band of 6 to 8 companies which have proprietary technology for the manufacture of ethylene amines. With the addition of new facilities during the year 1999-2000. The company is augmenting facilities for ethyleneamines homologues.  Diamines And Chemicals (DACL) has been the pioneer and the only one in manufacturing of a range of ethyleneamines (EAs) in India. DAC has evolved products manufactured 'first time' in India and also pioneered to 'develop' a market for the same. Over the years, the company has established its own presence in the market and is successfully catering to the needs of Industries.

Total customer satisfaction has been the company's motto. DAC's commitment to customer satisfaction lies in delivering quality products and services, which has helped the company to emerge as a major supplier of ethyleneamines. The customer's convenience is their comfort and hence they offer a range of packaging, starting from 25 kg fiber drums to customized packing to bulk packing in ISO containers.

DACL is located at Vadodara, one of the leading chemical business centers in western part of India, having a large presence of diverse chemical industries, including a large integrated petrochemical complex as well as numerous ancillaries, spread their wings to consume basic inputs from neighboring giants. India's commercial capital, Mumbai is just 400 kms away from Vadodara, while the Inland Container Depot (ICD) facility is located in the vicinity of the manufacturing site of DAC.

Product range of the company includes:

  • Piperazine Anhydrous
  • Piperazine 68% (PIP-68)
  • Ethylenediamine (EDA)
  • Diethylenetriamine (DETA)
  • Amino Ethyl Piperazine (AEP)
  • Polyamines Mix (PA MIX)
  • Monoethanolamine (MEA)
  • Triethylenediamine (100%)
  • Triethylenediamine (33% in PG)
  • Riethylenediamine (33% in DPG)
  • Triethylenediamine (33% in MEG)
  • Bitumen Emulsifier For Rs/Ms Grade ( DIA MUL)
  • Acid Corrosion Inhibitor (ACI)
  • Anti Stripping Agents (DIA BOND)
  • Ethylene Diamine Acid Phosphate (EDAP)
  • Rust Inhibitor (DIA RUST IN)
  • Triethylene Tetramine (TETA)
  • Tetraethylene Pentamine (TEPA)  
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