Ishan Dyes & Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 531109 | NSE: | Dyes & Pigments | Small Cap

Ishan Dyes & Chem Share Price

45.55 -1.49 -3.17%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ishan Dyes & Chem

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Ishan Dyes & Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
98.6 Cr.
52-wk low:
46.2
52-wk high:
71.8

Is Ishan Dyes & Chemicals Ltd an attractive stock to invest in?

1. Is Ishan Dyes & Chemicals Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ishan Dyes & Chemicals Ltd is a below average quality company.

2. Is Ishan Dyes & Chemicals Ltd undervalued or overvalued?

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

3. Is Ishan Dyes & Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ishan Dyes & Chemicals 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 Ishan Dyes & Chem:

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.
Ishan Dyes & Chemicals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 40.2%11.9%16.7%19.5%9.1%11.5%16%19.1%11.7%-0.5%-
Value Creation
Index
1.9-0.20.20.4-0.4-0.20.10.4-0.2-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 74.749.961.566.772.266.879.881.887.464.764
Sales YoY Gr.--33.2%23.1%8.6%8.1%-7.4%19.5%2.4%6.9%-26%-
Adj EPS 5.21.734.62.33.44.77.65.5-0.8-3.1
YoY Gr.--66.3%74.7%52%-51.3%48.9%40.9%60%-27.8%-114.7%-
BVPS (₹) 11.813.616.42122.926.533.240.146.248.446.7
Adj Net
Profit
6.32.13.75.62.74.17.512.19.3-1.7-7
Cash Flow from Ops. 4.94-1.147.252.7-2.3-8.520.2-
Debt/CF from Ops. 0.71.2-7.91.81.32.40.9-4.2-2.21.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.6%-2.2%-6.8%-26%
Adj EPS -181.3%-181.3%-155.3%-114.7%
BVPS17%16.1%13.5%4.9%
Share Price 14.8% 8% -2.9% -8.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
50.512.81923.59.813.117.220.212.3-1.8-6.6
Op. Profit
Mgn %
12.1510.316.68.311.513.221.717.31.8-6.6
Net Profit
Mgn %
8.44.368.43.86.19.514.810.6-2.6-10.2
Debt to
Equity
0.20.30.40.30.30.40.10.20.20.2-
Working Cap
Days
83116119145149157152221295415182
Cash Conv.
Cycle
14262766797679103164243102

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -6.77%

Sales growth is not so good in last 4 quarters at -3.76%

Latest Financials - Ishan Dyes & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) -3.1 -
TTM Sales (₹ Cr.) 64.4 -
BVPS (₹.) 46.7 -
Reserves (₹ Cr.) 77 -
P/BV 1.01 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 46.20 / 71.80
All Time Low / High (₹) 3.08 / 177.00
Market Cap (₹ Cr.) 98.6
Equity (₹ Cr.) 21
Face Value (₹) 10
Industry PE 22.4

Management X-Ray of Ishan Dyes & Chem:

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 Ishan Dyes & Chem

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
Sales74.7149.9461.4566.7472.1566.8079.8181.7587.4064.68
Operating Expenses 65.6847.4455.0955.6966.1859.1569.2464.0272.2563.55
Manufacturing Costs9.899.5211.5711.7712.4311.8313.3513.7013.9813.13
Material Costs50.2031.2636.0235.0444.7937.9244.9838.3745.4240.01
Employee Cost 2.433.874.514.944.765.365.996.136.345.84
Other Costs 3.162.802.993.944.204.044.935.826.514.56
Operating Profit 9.032.496.3611.055.977.6610.5717.7315.151.13
Operating Profit Margin (%) 12.1%5.0%10.3%16.6%8.3%11.5%13.2%21.7%17.3%1.8%
Other Income 0.620.551.191.141.591.262.352.242.602.01
Interest 0.520.480.910.820.801.060.900.721.771.64
Depreciation 2.081.071.411.550.841.271.782.022.222.74
Exceptional Items 0-0.02-0.010000000
Profit Before Tax 7.041.485.219.835.926.5910.2417.2213.76-1.23
Tax 0.64-0.691.334.222.562.272.034.423.65-0.03
Profit After Tax 6.402.173.885.603.364.338.2112.8110.11-1.20
PAT Margin (%) 8.6%4.3%6.3%8.4%4.7%6.5%10.3%15.7%11.6%-1.9%
Adjusted EPS (₹)5.31.83.24.62.83.65.18.06.0-0.6
Dividend Payout Ratio (%)0%0%10%10%25%0%19%16%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 15.5617.7321.1626.7629.1333.4654.1565.2879.54102.77
Share Capital 7.517.517.5111.2611.2611.2615.9715.9716.9720.97
Reserves 8.0510.2213.6515.5017.8622.1938.1849.3262.5781.80
Minority Interest0000000000
Debt2.943.487.506.188.2810.982.079.0717.0421.07
Long Term Debt2.943.482.691.122.853.180.620.651.870.52
Short Term Debt004.815.065.437.811.458.4215.1720.55
Trade Payables3.7810.614.114.697.666.596.3110.635.982.93
Others Liabilities 1.801.172.936.4744.695.588.5214.794.09
Total Liabilities 24.0932.9935.6944.1149.0655.7268.1093.50117.34130.86

Fixed Assets

Gross Block15.0821.3323.1624.4730.5838.1742.5746.2954.6782.46
Accumulated Depreciation8.029.0410.4511.9910.7912.0613.6015.6217.9220.13
Net Fixed Assets7.0712.3012.7212.4819.7926.1228.9730.6736.7662.34
CWIP 1.87000.440.7800.640.840.430.96
Investments 000.020.020.020.020.020.020.020.02
Inventories7.256.784.3811.896.069.398.9613.5423.2923.13
Trade Receivables2.478.367.6710.7216.2712.3318.8626.5934.8112.74
Cash Equivalents 0.500.160.380.540.280.241.160.390.270.27
Others Assets4.935.3910.528.015.877.629.5021.4521.7731.40
Total Assets 24.0932.9935.6944.1149.0655.7268.1093.50117.34130.86

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4.883.99-1.093.987.204.982.65-2.32-8.5220.21
PBT 7.041.485.219.835.926.5910.2417.2213.76-1.23
Adjustment 2.681.532.282.310.892.191.811.942.632.95
Changes in Working Capital -4.841.35-8.28-7.172.14-2.44-7.19-17.42-21.2118.77
Tax Paid 0-0.37-0.30-0.97-1.76-1.36-2.20-4.07-3.70-0.28
Cash Flow From Investing Activity -2.74-4.40-1.79-1.69-7.90-6.80-4.65-3.26-8-40.54
Capex -2.77-4.43-1.83-1.75-7.95-6.82-5.21-3.92-7.90-28.75
Net Investments 00-0.020000000
Others 0.030.040.060.060.040.020.560.66-0.10-11.79
Cash Flow From Financing Activity -1.670.063.11-2.140.441.772.914.8216.4120.33
Net Proceeds from Shares 000000006.1018.30
Net Proceeds from Borrowing -1.150.54-0.78-1.571.730.32-2.5501.22-1.35
Interest Paid -0.52-0.48-0.91-0.82-0.64-0.93-0.65-0.59-1.77-1.61
Dividend Paid 0000-0.8400-1.60-20
Others 004.810.250.202.386.12712.854.99
Net Cash Flow 0.47-0.350.230.16-0.26-0.040.92-0.77-0.120
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)57.0114.0321.3124.6212.5814.3919.2721.8914.2-1.34
ROCE (%)49.4110.0824.6734.8219.2518.7722.3427.817.550.36
Asset Turnover Ratio2.951.941.931.671.551.281.291.010.830.52
PAT to CFO Conversion(x)0.761.84-0.280.712.141.150.32-0.18-0.84N/A
Working Capital Days
Receivable Days34364450687871101128134
Inventory Days334631454542425077131
Payable Days72847546506952816741

Ishan Dyes & Chemicals Ltd Stock News

Ishan Dyes & Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ishan Dyes & Chem on 28-Mar-2024 16:01 is ₹45.55.
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 Ishan Dyes & Chem stood at ₹98.63.
The latest P/E ratio of Ishan Dyes & Chem as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Ishan Dyes & Chem as of 28-Mar-2024 16:01 is 1.01.
The 52-week high of Ishan Dyes & Chem is ₹71.80 and the 52-week low is ₹46.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ishan Dyes & Chem is ₹64.37 ( Cr.) .

About Ishan Dyes & Chemicals Ltd

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
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