Dynemic Products Ltd - Stock Valuation and Financial Performance

BSE: 532707 | NSE: DYNPRO | Dyes & Pigments | Small Cap

Dynemic Products Share Price

420 1.75 0.42%
as on 04-Nov'24 15:31

DeciZen - make an informed investing decision on Dynemic Products

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Dynemic Products stock performance -

mw4me loader
P/E Ratio (SA):
100.22
Market Cap:
503.4 Cr.
52-wk low:
242.9
52-wk high:
450

Is Dynemic Products Ltd an attractive stock to invest in?

1. Is Dynemic Products Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dynemic Products Ltd is a average quality company.

2. Is Dynemic Products Ltd undervalued or overvalued?

The key valuation ratios of Dynemic Products Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Dynemic Products Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dynemic Products 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 Dynemic Products:

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.
Dynemic Products Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 17.7%14.5%22.4%25.7%20.8%18.4%15.1%9.7%3.6%4.9%-
Value Creation
Index
0.30.00.60.80.50.30.1-0.3-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 128129129164167182206252295284292
Sales YoY Gr.-0.6%-0.4%27.7%1.4%9.4%12.8%22.5%17.3%-3.9%-
Adj EPS 8.26.61215.415.821.22512.6-3.13.44.2
YoY Gr.--19.2%80.7%28.6%2.3%34.4%18.1%-49.8%-124.6%NA-
BVPS (₹) 50.855.76780.594.3111.7136.6149.1155.2162.8165.1
Adj Net
Profit
9.47.613.617.51824.128.514.3-3.64.15
Cash Flow from Ops. 0.79.911.910.213.36.74839.724.731.3-
Debt/CF from Ops. 49.33.32.12.52.4153.24.463.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.2%11.2%11.3%-3.9%
Adj EPS -9.4%-26.5%-48.7%NA
BVPS13.8%11.5%6%4.9%
Share Price 19.2% 24.8% -13.6% 40.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
17.512.519.520.91820.620.28.8-2.12.12.6
Op. Profit
Mgn %
13.91319.71917.819.921.1179.711.311.2
Net Profit
Mgn %
7.35.910.610.710.813.213.95.7-1.21.41.7
Debt to
Equity
0.60.50.30.30.30.8110.80.6-
Working Cap
Days
15317017917619720820918717719380
Cash Conv.
Cycle
819811210712712294676063-11

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.34%

Debt to equity has declined versus last 3 years average to 0.59

Return on Equity has declined versus last 3 years average to 2.50%

Net Profit has been subdued in last 3 years -48.70%

Sales growth is not so good in last 4 quarters at 1.37%

Latest Financials - Dynemic Products Ltd.

Standalone Consolidated
TTM EPS (₹) 4.2 3.7
TTM Sales (₹ Cr.) 292 292
BVPS (₹.) 165.1 166
Reserves (₹ Cr.) 187 188
P/BV 2.54 2.52
PE 100.22 112.29
From the Market
52 Week Low / High (₹) 242.90 / 450.00
All Time Low / High (₹) 9.95 / 766.67
Market Cap (₹ Cr.) 503
Equity (₹ Cr.) 12
Face Value (₹) 10
Industry PE 45.6

Management X-Ray of Dynemic Products:

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 Dynemic Products

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
Sales128129129164167182206252295284
Operating Expenses 111112104133137146162209267252
Manufacturing Costs28262732273132507778
Material Costs737564879599112132155143
Employee Cost 4557788111717
Other Costs 6677889171813
Operating Profit 18172531303643432932
Operating Profit Margin (%) 13.9%12.9%19.5%19.0%17.8%19.9%21.1%17.0%9.7%11.3%
Other Income 0000011001
Interest 222112281613
Depreciation 3333333111717
Exceptional Items 0000000000
Profit Before Tax 1311212725323823-43
Tax 3479781090-1
Profit After Tax 98131818242814-44
PAT Margin (%) 7.3%5.8%10.5%10.7%10.8%13.2%13.9%5.7%-1.2%1.4%
Adjusted EPS (₹)8.26.611.915.415.821.225.012.6-3.13.4
Dividend Payout Ratio (%)0%23%13%10%9%7%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 58637692107127155170181196
Share Capital 11111111111111111212
Reserves 4752658096116144158170184
Minority Interest0000000000
Debt343125253110113914911582
Long Term Debt200008297976634
Short Term Debt32312525311942534948
Trade Payables85365824526267
Others Liabilities 12111417141432425254
Total Liabilities 111111119139157250350414411399

Fixed Assets

Gross Block49525558656566315319321
Accumulated Depreciation15182124262932436076
Net Fixed Assets34343435383634272259244
CWIP 9910142571194000
Investments 2111111111
Inventories24202227273636526566
Trade Receivables22262832423241475155
Cash Equivalents 12101261322
Others Assets20182229234742393330
Total Assets 111111119139157250350414411399

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 110121013748402531
PBT 1311212725323823-43
Adjustment 5543424173029
Changes in Working Capital -13-3-6-12-7-18163-1-1
Tax Paid -4-4-7-8-9-10-10-400
Cash Flow From Investing Activity -4-3-4-8-18-72-99-55-1-1
Capex -6-3-4-8-17-47-125-54-1-2
Net Investments 2000-1-2526-100
Others 0000010000
Cash Flow From Financing Activity 3-7-9-43644912-26-30
Net Proceeds from Shares 00000000010
Net Proceeds from Borrowing 00-100822910-23-32
Interest Paid -2-2-2-1-1-2-2-8-16-13
Dividend Paid -2-20-2-2-30000
Others 8-2-6-16-132310124
Net Cash Flow 01-1-1-1-1-1-3-2-1
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)17.512.4119.3320.8518.0520.5820.168.8-2.062.15
ROCE (%)17.7214.5222.3525.7120.818.3515.129.743.624.93
Asset Turnover Ratio1.341.251.211.31.120.890.690.660.720.7
PAT to CFO Conversion(x)0.111.250.920.560.720.291.712.86N/A7.75
Working Capital Days
Receivable Days54637166817465646068
Inventory Days52575554596464647284
Payable Days40312319212351106135165

Dynemic Products Ltd Stock News

Dynemic Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dynemic Products on 04-Nov-2024 15:31 is ₹420.0.
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-Nov-2024 15:31 the market cap of Dynemic Products stood at ₹503.4.
The latest P/E ratio of Dynemic Products as of 04-Nov-2024 15:31 is 100.2.
The latest P/B ratio of Dynemic Products as of 04-Nov-2024 15:31 is 2.54.
The 52-week high of Dynemic Products is ₹450.0 and the 52-week low is ₹242.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dynemic Products is ₹292.1 ( Cr.) .

About Dynemic Products Ltd

In 1990 a team of directors, with expertise in every aspect of business decided to commence manufacturing of Dye Intermediates. Dynemic Products, the company started manufacturing of 1 4 SPCP (1:4 Sulphophenyl-3-Carboxy-5- Pyrazolone) & other pyrazolone based Dye Intermediates.

Now the company is one of the major manufacturer and exporter in India, offering complete range of Food Colors, Lake Colors, Blended Colors, FD&C Colors & Dye Intermediates.

In 1996, the time came to move one step ahead and the company decided to manufacture Synthetic Food Colors. A separate facility for the manufacturing of Food colors was set up, which marked the advent of our long journey to excellence.

In the span of few years company achieved success in India and overseas market. And today, Dynemic stands among the major Food Colors manufacturers in India and one of the most reliable sources for entire range of Food Colors.

What they have achieved in this long journey is customer’s satisfaction by the means of providing Better Quality, Prompt Delivery & Competitive Prices.

Product range of the company includes:

  • Food Colour
  • Lake Colour 
  • Blended Colour 
  • FD & C Colour 
  • Salt Free Dyes
  • Dyes Intermediates

Achievements/ recognition:

  • ISO 9001:2000
  • HACCP Certified
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