Dynemic Products Ltd - Stock Valuation and Financial Performance

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

Dynemic Products Share Price

259.95 -1.15 -0.44%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Dynemic Products

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

1. Quality

2. Valuation

Fair

3. Price Trend

Dynemic Products stock performance -

mw4me loader
P/E Ratio (SA):
110.31
Market Cap:
314.1 Cr.
52-wk low:
231.9
52-wk high:
424.4

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 Weak which suggest that the price of Dynemic Products 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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.4%12.8%9.7%14.9%16.8%14.7%13.7%11.2%6.2%2.3%-
Value Creation
Index
0.2-0.1-0.30.10.20.10.0-0.2-0.6-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 116128129129164167182206252295274
Sales YoY Gr.-10.3%0.6%-0.4%27.7%1.4%9.4%12.8%22.5%17.3%-
Adj EPS 9.88.26.61215.415.821.22512.6-3.12.4
YoY Gr.--15.9%-19.2%80.7%28.6%2.3%34.4%18.1%-49.8%-124.6%-
BVPS (₹) 4350.855.76780.594.3111.7136.6149.1155.2161.8
Adj Net
Profit
11.19.47.613.617.51824.128.514.3-3.63
Cash Flow from Ops. 7.60.79.911.910.213.36.74839.724.7-
Debt/CF from Ops. 3.649.33.32.12.52.4153.24.46-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.9%12.5%17.5%17.3%
Adj EPS -188%-172.5%-152.6%-124.6%
BVPS15.3%14%11.6%4.1%
Share Price 24.3% 17% -20.6% 6.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
24.817.512.519.520.91820.620.28.8-2.11.5
Op. Profit
Mgn %
17.113.91319.71917.819.921.1179.711.7
Net Profit
Mgn %
9.57.35.910.610.710.813.213.95.7-1.21
Debt to
Equity
0.60.60.50.30.30.30.8110.8-
Working Cap
Days
13615317017917619720820918717783
Cash Conv.
Cycle
718198112107127122946759-12

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.46%

Debt to equity has declined versus last 3 years average to 0.82

Return on Equity has declined versus last 3 years average to 1.50%

Net Profit has been subdued in last 3 years -152.63%

Sales growth is not so good in last 4 quarters at -3.22%

Latest Financials - Dynemic Products Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 2.9
TTM Sales (₹ Cr.) 274 274
BVPS (₹.) 161.8 162.8
Reserves (₹ Cr.) 183 184
P/BV 1.61 1.60
PE 110.31 89.96
From the Market
52 Week Low / High (₹) 231.85 / 424.35
All Time Low / High (₹) 9.95 / 766.67
Market Cap (₹ Cr.) 314
Equity (₹ Cr.) 12
Face Value (₹) 10
Industry PE 22.4

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales116128129129164167182206252295
Operating Expenses 98111112104133137146162209267
Manufacturing Costs22282627322731325077
Material Costs67737564879599112132155
Employee Cost 345577881116
Other Costs 766778891719
Operating Profit 18181725313036434329
Operating Profit Margin (%) 15.7%13.9%12.9%19.5%19.0%17.8%19.9%21.1%17.0%9.7%
Other Income 1000001100
Interest 12221122816
Depreciation 233333331117
Exceptional Items 0000000000
Profit Before Tax 161311212725323823-4
Tax 63479781090
Profit After Tax 1098131818242814-4
PAT Margin (%) 8.8%7.3%5.8%10.5%10.7%10.8%13.2%13.9%5.7%-1.2%
Adjusted EPS (₹)9.08.26.611.915.415.821.225.012.6-3.1
Dividend Payout Ratio (%)17%0%23%13%10%9%7%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 4958637692107127155170181
Share Capital 11111111111111111112
Reserves 384752658096116144158170
Minority Interest0000000000
Debt263431252531101139149115
Long Term Debt32000082979766
Short Term Debt23323125253119425349
Trade Payables8853658245262
Others Liabilities 15121114171414324252
Total Liabilities 98111111119139157250350414411

Fixed Assets

Gross Block4349525558656566315319
Accumulated Depreciation11151821242629324360
Net Fixed Assets3134343435383634272259
CWIP 9991014257119400
Investments 4211111111
Inventories17242022272736365265
Trade Receivables20222628324232414751
Cash Equivalents 11210126132
Others Assets16201822292347423933
Total Assets 98111111119139157250350414411

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 81101210137484025
PBT 161311212725323823-4
Adjustment 255434241730
Changes in Working Capital -6-13-3-6-12-7-18163-1
Tax Paid -5-4-4-7-8-9-10-10-40
Cash Flow From Investing Activity -10-4-3-4-8-18-72-99-55-1
Capex -10-6-3-4-8-17-47-125-54-1
Net Investments 02000-1-2526-10
Others 0000001000
Cash Flow From Financing Activity 23-7-9-43644912-26
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-100822910-23
Interest Paid -1-2-2-2-1-1-2-2-8-16
Dividend Paid -2-2-20-2-2-3000
Others 58-2-6-16-13231012
Net Cash Flow 001-1-1-1-1-1-3-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.8517.512.4119.3320.8518.0520.5820.168.8-2.06
ROCE (%)24.7917.7214.5222.3525.7120.818.3515.129.743.62
Asset Turnover Ratio1.431.341.251.211.31.120.890.690.660.72
PAT to CFO Conversion(x)0.80.111.250.920.560.720.291.712.86N/A
Working Capital Days
Receivable Days49546371668174656460
Inventory Days48525755545964646472
Payable Days3740312319212351106135

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 28-Mar-2024 16:01 is ₹259.9.
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 Dynemic Products stood at ₹314.1.
The latest P/E ratio of Dynemic Products as of 28-Mar-2024 16:01 is 110.3.
The latest P/B ratio of Dynemic Products as of 28-Mar-2024 16:01 is 1.61.
The 52-week high of Dynemic Products is ₹424.4 and the 52-week low is ₹231.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dynemic Products is ₹273.8 ( 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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