Diamines & Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 500120 | NSE: DIAMINESQ | Chemicals | Small Cap

Diamines & Chemicals Share Price

514.45 -8.70 -1.66%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Diamines & Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Diamines & Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
20.20
Market Cap:
492.4 Cr.
52-wk low:
391
52-wk high:
686.8

Is Diamines & Chemicals Ltd an attractive stock to invest in?

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 Somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.6%2%4.2%12.8%19%28.2%46.8%28%18.1%35.9%-
Value Creation
Index
-0.5-0.9-0.7-0.10.41.02.31.00.31.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 43.939.135.634.838.547.369.362.866.1111110
Sales YoY Gr.--11%-9%-2.3%10.7%22.9%46.5%-9.4%5.2%67.2%-
Adj EPS 1.5-1.30.34.98.313.427.721.517.14324.9
YoY Gr.--186.3%NA1856%68.7%62.4%106.7%-22.5%-20.4%151.6%-
BVPS (₹) 32.931.231.538.443.649.966.686.9102.5137.8150.7
Adj Net
Profit
1.5-1.30.34.88.113.127.12116.742.124
Cash Flow from Ops. 5.64.77.38.99.912.52615.427.316.3-
Debt/CF from Ops. 3.54.32.10.800.20000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.8%23.5%16.9%67.2%
Adj EPS 44.9%39.1%15.8%151.6%
BVPS17.3%25.9%27.4%34.5%
Share Price 38.3% 33.7% 24.9% 28%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.3-3.80.713.520.128.747.52818.135.817.3
Op. Profit
Mgn %
15.913.61326.230.140.157.44033.450.529.4
Net Profit
Mgn %
3.4-3.30.713.82127.739.133.425.338.122.1
Debt to
Equity
0.60.70.50.2000000-
Working Cap
Days
259301314278200138108161142111124
Cash Conv.
Cycle
1091271361241037451907152104

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.85%

Net Profit is growing at healthy rate in last 3 years 15.81%

Sales growth is good in last 4 quarters at 19.99%

Return on Equity has declined versus last 3 years average to 17.30%

Latest Financials - Diamines & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 24.9 23.3
TTM Sales (₹ Cr.) 110 110
BVPS (₹.) 150.7 149.2
Reserves (₹ Cr.) 138 136
P/BV 3.34 3.37
PE 20.20 21.60
From the Market
52 Week Low / High (₹) 391.00 / 686.75
All Time Low / High (₹) 0.60 / 686.75
Market Cap (₹ Cr.) 492
Equity (₹ Cr.) 9.8
Face Value (₹) 10
Industry PE 47

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales443936353947696366111
Operating Expenses 38343126272834384455
Manufacturing Costs7555710881012
Material Costs25232114131113161926
Employee Cost 34434457810
Other Costs 3323338667
Operating Profit 6549121935252256
Operating Profit Margin (%) 13.4%12.7%12.5%26.2%30.1%40.0%50.8%40.0%33.3%50.4%
Other Income 0000012323
Interest 3332000000
Depreciation 2222222222
Exceptional Items 0000-200000
Profit Before Tax 100681835262257
Tax 010115115514
Profit After Tax 1-20571324211742
PAT Margin (%) 1.7%-4.0%0.7%13.8%18.4%27.8%34.6%33.5%25.3%38.2%
Adjusted EPS (₹)0.8-1.60.34.97.313.424.521.517.143.2
Dividend Payout Ratio (%)0%0%0%31%35%15%16%23%18%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3533343843496585100135
Share Capital 10101010101010101010
Reserves 252424283339557590125
Minority Interest0000000000
Debt1717124020000
Long Term Debt5741000000
Short Term Debt121093020000
Trade Payables4322443328
Others Liabilities 11121210678789
Total Liabilities 6866605453627695111151

Fixed Assets

Gross Block65656527283033385142
Accumulated Depreciation343638246810910
Net Fixed Assets32292725242425284232
CWIP 00001110221
Investments 000110261327
Inventories12129879713217
Trade Receivables8878881291023
Cash Equivalents 1011111731334027
Others Assets1516161122-2615
Total Assets 6866605453627695111151

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6579101226152716
PBT 100681835262257
Adjustment 6543315110
Changes in Working Capital -1-0310-3-3-511-25
Tax Paid 000-1-2-3-11-6-6-15
Cash Flow From Investing Activity -2-201-3-9-13-15-22-9
Capex 000-97-3-3-11-13-10
Net Investments 000000-2-1-3-3
Others -2-2010-9-6-8-3-64
Cash Flow From Financing Activity -3-3-7-10-7-5-9-4-5-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 32-3-3-100000
Interest Paid -3-3-3-2000000
Dividend Paid -1000-2-6-7-4-5-6
Others -3-1-2-5-32-2000
Net Cash Flow 00000-14-302
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.36-4.960.8314.0317.6828.7342.0828.0118.0535.92
ROCE (%)7.346.065.8516.4219.6438.3160.7934.4423.9248.32
Asset Turnover Ratio0.710.650.630.680.740.8310.730.640.84
PAT to CFO Conversion(x)6N/AINF1.81.430.921.080.711.590.38
Working Capital Days
Receivable Days68677074746053645454
Inventory Days891039879676243574132
Payable Days756348507612498654969

Diamines & Chemicals Ltd Stock News

Diamines & Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Diamines & Chemicals on 28-Mar-2024 16:01 is ₹514.5.
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 28-Mar-2024 16:01 the market cap of Diamines & Chemicals stood at ₹492.4.
The latest P/E ratio of Diamines & Chemicals as of 28-Mar-2024 16:01 is 20.20.
The latest P/B ratio of Diamines & Chemicals as of 28-Mar-2024 16:01 is 3.34.
The 52-week high of Diamines & Chemicals is ₹686.8 and the 52-week low is ₹391.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Diamines & Chemicals is ₹110.3 ( Cr.) .

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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