Diamines & Chemicals Ltd

About [ edit ]

Diamines & Chemicals is engaged in the business of Manufacture of Organic Chemicals Compounds and Electric Power Generation using other non-Conventional Sources (Windmill).

Diamines is catering to a large cross-section of Indian manufacturing Industry spread across a wide spectrum of Actual Users: from Bulk Drugs (Quinolones, Antihistamines) to Fungicide – Insecticide, Polyamide resins, Gas Sweetening, Chelants, Textile Auxiliaries, Water Treatment Chemicals, Paints and Adhesives, Chemical Syntheses, Lube Oil Additives, etc. #

  • Market Cap 303 Cr.
  • Current Price 310
  • High / Low 562 / 167
  • Stock P/E 14.4
  • Book Value 66.6
  • Dividend Yield 2.58 %
  • ROCE 39.8 %
  • ROE 32.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 222.80% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.60%
  • Company has been maintaining a healthy dividend payout of 31.04%

Cons

  • Promoter holding has decreased over last 3 years: -10.97%

Peer comparison

Sector: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
15.43 11.11 9.08 11.69 15.60 15.65 18.03 20.02 18.57 15.44 14.39 14.41
7.98 6.68 6.15 7.57 8.78 7.40 8.00 9.90 9.52 7.32 9.35 11.47
Operating Profit 7.45 4.43 2.93 4.12 6.82 8.25 10.03 10.12 9.05 8.12 5.04 2.94
OPM % 48.28% 39.87% 32.27% 35.24% 43.72% 52.72% 55.63% 50.55% 48.73% 52.59% 35.02% 20.40%
Other Income 0.22 0.25 0.21 0.28 0.59 0.51 0.48 0.51 0.55 0.56 1.11 0.34
Interest 0.01 0.01 0.02 0.03 0.01 0.02 0.04 0.01 0.01 0.01 0.01 0.04
Depreciation 0.51 0.51 0.50 0.49 0.52 0.54 0.55 0.45 0.43 0.45 0.46 0.45
Profit before tax 7.15 4.16 2.62 3.88 6.88 8.20 9.92 10.17 9.16 8.22 5.68 2.79
Tax % 25.73% 20.19% 36.64% 27.32% 24.85% 34.63% 33.17% 33.04% 31.11% 29.68% -19.54% 22.94%
Net Profit 5.32 3.32 1.66 2.83 5.17 5.36 6.64 6.82 6.31 5.79 6.79 2.15
EPS in Rs 5.44 3.39 1.70 2.89 5.28 5.48 6.79 6.97 6.45 5.92 6.94 2.20

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
45 83 67 57 44 39 36 35 39 47 69 63
36 59 56 49 38 34 31 25 27 28 34 38
Operating Profit 9 24 10 8 6 5 4 9 12 19 35 25
OPM % 19% 29% 16% 14% 13% 13% 13% 27% 30% 40% 51% 40%
Other Income 10 1 0 0 0 0 0 0 -1 1 2 3
Interest 3 3 4 4 3 3 3 2 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 14 20 5 2 1 -0 0 6 8 18 35 26
Tax % 35% 28% 28% 21% 5% -431% -212% 16% 14% 26% 32% 19%
Net Profit 9 15 4 2 1 -2 0 5 7 13 24 21
EPS in Rs 3.68 1.74 0.77 -1.58 0.26 4.91 7.25 13.42 24.52 21.50
Dividend Payout % 14% 27% 27% 29% 0% 0% 0% 31% 34% 37% 33% 23%
Compounded Sales Growth
10 Years:-3%
5 Years:12%
3 Years:18%
TTM:-9%
Compounded Profit Growth
10 Years:4%
5 Years:223%
3 Years:37%
TTM:-12%
Stock Price CAGR
10 Years:18%
5 Years:51%
3 Years:49%
1 Year:83%
Return on Equity
10 Years:18%
5 Years:29%
3 Years:35%
Last Year:32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7 7 10 10 10 10 10 10 10 10 10
Reserves 14 25 24 25 25 24 24 28 33 39 55
Borrowings 19 28 26 20 20 20 16 7 0 2 0
15 17 15 12 10 10 9 9 10 11 11
Total Liabilities 55 76 75 66 65 64 58 54 53 62 76
30 31 34 33 32 29 27 25 24 24 20
CWIP 0 2 1 0 0 0 0 0 1 1 1
Investments 0 0 0 0 0 0 0 1 1 0 2
25 43 39 32 34 34 30 27 27 36 53
Total Assets 55 76 75 66 65 64 58 54 53 62 76

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
8 1 -1 15 6 5 7 9 10 12 26
-5 -4 -4 -5 -2 -2 -0 1 -3 -9 -13
-2 3 5 -11 -3 -3 -7 -10 -7 -5 -9
Net Cash Flow 1 0 -0 -0 -0 -0 -0 -0 0 -1 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 48% 47% 15% 10% 7% 6% 5% 16% 23% 38% 61%
Debtor Days 44 75 56 66 67 73 76 87 75 59 66
Inventory Turnover 2.66 3.57 2.75 2.59 2.39 2.11 2.28 2.08 2.35 2.00 2.09

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
65.20 65.20 65.20 65.20 65.20 65.20 54.37 54.74 54.74 54.23 54.23 54.23
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
0.70 0.70 0.70 0.70 0.74 0.85 0.85 0.85 0.88 1.21 0.00 0.00
34.06 34.06 34.06 34.06 34.02 33.91 44.74 44.38 44.34 44.53 45.74 45.74

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