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Ishan Dyes & Chemicals Ltd. Stock Analysis

Small Cap
Evaluated by 76 users | BSE: 531109 | NSE: |
Dyes & Pigments
Ishan Dyes and Chemicals was started in the year 1993 and is into the highly competitive chemicals and pigments industry. In a short span since it actually started its production in the November 1995, Ishan has embedded an impeccable impression in the global pigment and chemicals market...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 55.65%39.62%26.83%40.24%11.92%16.66%19.51%9.13%11.5%16%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 61.267.472.174.749.961.566.772.266.879.8
Y-o-Y Gr. Rt.-10.1%6.9%3.7%-33.2%23.1%8.6%8.1%-7.4%19.5%
Adjusted EPS (Rs.) 4.343.822.525.161.743.044.622.253.354.72
Y-o-Y Gr. Rt.--12%-34%104.8%-66.3%74.7%52%-51.3%48.9%40.9%
Book Value per Share (Rs.) 2.045.956.6511.7813.5616.3820.9822.9226.4733.15
Adjusted Net Profit 5.34.73.16.32.13.75.62.74.17.5
Net Op. Cash Flow (Rs. Cr.) 7.16.12.94.94-1.147.252.6
Debt to Cash Flow from Ops 1.281.131.670.691.16-7.851.781.292.430.93
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Ishan Dyes & Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3%9.8%6.1%19.5%
Adjusted EPS 0.9%22.1%0.7%40.9%
Book Value per Share 36.319.616.525.2
Share Price 18.5% 21.7% -3.8% 66.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 460.7776.4234.5450.5112.7619.0423.489.8113.0617.21
Operating Profit Margin (%) 14.7813.349.1312.094.9910.3416.618.2811.4613.24
Net Profit Margin (%) 8.626.94.268.414.256.028.433.86.129.45
Debt to Equity 3.680.950.590.240.280.430.280.330.380.05
Working Capital Days 71818883116119145149157152
Cash Conversion Cycle 3151414262766797679
Entity Percentage Holding
Promoters 58.52%
Non-Institutions 41.48%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ishan Dyes & Chemicals Ltd.'s performance infers:

Ishan Dyes & Chemicals Ltd. earnings have grown by 22.1%, whereas share price has appreciated 21.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ishan Dyes & Chemicals Ltd. share prices over the last 10 years. Here is what we found out:

Ishan Dyes & Chemicals Ltd. share price has appreciated 16.5% annually over the past ten years.

Ishan Dyes and Chemicals was started in the year 1993 and is into the highly competitive chemicals and pigments industry. In a short span since it actually started its production in the November 1995, Ishan has embedded an impeccable impression in the global pigment and chemicals market with its superior quality products.

It has clinched a vast base of customers to whom it export a wide range of phthalocyanine blue pigments for plastics, water base and offset inks, paint(alkyd) on a

Ishan Dyes and Chemicals was started in the year 1993 and is into the highly competitive chemicals and pigments industry. In a short span since it actually started its production in the November 1995, Ishan has embedded an impeccable impression in the global pigment and chemicals market with its superior quality products.

It has clinched a vast base of customers to whom it export a wide range of phthalocyanine blue pigments for plastics, water base and offset inks, paint(alkyd) on a regular basis. It marches ahead with a highly progressive and professional approach aimed at result orientation and based on business ethics and management techniques.

Its solvent dye is soluble in organic solvent. It manufactures a range of solvent dyes, which does not ionize. This quality of solvent pigments makes them soluble in non-polar materials such as triglycerides. Its solvent pigments are commonly called as lysochrome Pigments.

The company’s infrastructural set up forms the backbone of the company. It possesses a capacious warehouse, which has the capability to store large quantities of products. It is well equipped to import highest quality products from the noted companies based abroad. It has a wide network and association with various C&F agents to supply its clients with high quality and properly preserved chemicals.  

Products

  • C P C Blue Crude
  • Pigment Alpha Blue 15:0
  • Pigment Alpha Blue 15:1
  • Pigment Beta Blue 15:3

Certification/ recognition

  • ISO 9001-2000 certification
  • ISO 14001-2000 certification

Clientele

  • Clariant 
  • Heubach 
  • Lanxess 
  • Pyosa 
  • Ciba
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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