Diamines & Chemicals Ltd

₹ 580 4.05%

19 Apr - close price

About

Incorporated in 1976 and commencing production in 1982, Diamines & Chemicals Ltd. has been sole manufacturer of Ethyleneamines in Indian subcontinent for more than two decades. The company has also recently entirely sold all its assets related to Wind Turbines.

Key Points

Business Overview
Diamines is a key producer of Ethylene amines based in India having its plant at PCC Area, P.O. Petrochemicals; Vadodara. It caters 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.It is one of the dominant suppliers of PIPERAZINE to pharmaceutical and Gas Sweetening Application industries. {# Diamines (dacl.co.in) #} ^[1]

Website BSE NSE

Market Cap ₹ 567 Cr.
Current Price ₹ 580
High / Low ₹ 687 / 446
Stock P/E 23.2
Book Value ₹ 147
Dividend Yield 1.04 %
ROCE 48.4 %
ROE 36.0 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has delivered good profit growth of 38.8% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.1%

Cons

Debtor days have increased from 62.0 to 75.7 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	14.39	14.41	14.82	14.12	16.86	20.30	23.02	26.98	24.87	35.69	31.70	19.92	23.03
	9.35	11.47	10.40	9.52	13.40	10.73	8.33	10.61	12.74	23.12	22.03	14.71	18.01
Operating Profit	5.04	2.94	4.42	4.60	3.46	9.57	14.69	16.37	12.13	12.57	9.67	5.21	5.02
OPM %	35.02%	20.40%	29.82%	32.58%	20.52%	47.14%	63.81%	60.67%	48.77%	35.22%	30.50%	26.15%	21.80%
	1.11	0.34	0.49	0.39	0.39	0.55	0.56	0.66	0.54	0.99	0.71	0.63	0.63
Interest	0.01	0.04	0.01	0.03	0.03	0.02	0.04	0.02	0.04	0.05	0.04	0.04	0.07
Depreciation	0.46	0.45	0.41	0.42	0.45	0.38	0.42	0.44	0.41	0.43	0.46	0.65	0.89
Profit before tax	5.68	2.79	4.49	4.54	3.37	9.72	14.79	16.57	12.22	13.08	9.88	5.15	4.69
Tax %	-19.54%	22.94%	16.93%	25.77%	26.41%	26.23%	25.49%	25.29%	26.43%	24.85%	27.83%	22.33%	27.51%
	6.79	2.15	3.72	3.36	2.48	7.16	11.03	12.38	8.98	9.83	7.14	4.00	3.40
EPS in Rs	6.94	2.20	3.80	3.43	2.53	7.32	11.27	12.65	9.18	10.05	7.30	4.09	3.48
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	67	57	44	39	36	35	39	47	69	63	66	110	110
	56	49	38	34	31	25	27	28	34	38	44	54	78
Operating Profit	10	8	6	5	4	9	12	19	35	25	22	56	32
OPM %	16%	14%	13%	13%	13%	27%	30%	40%	51%	40%	33%	51%	29%
	0	0	0	0	0	0	-1	1	2	3	2	3	3
Interest	4	4	3	3	3	2	0	0	0	0	0	0	0
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Profit before tax	5	2	1	-0	0	6	8	18	35	26	22	57	33
Tax %	28%	21%	5%	-431%	-212%	16%	14%	26%	32%	19%	24%	26%
	4	2	1	-2	0	5	7	13	24	21	17	42	24
EPS in Rs	3.68	1.74	0.77	-1.58	0.26	4.91	7.25	13.42	24.52	21.50	17.09	43.16	24.92
Dividend Payout %	27%	29%	0%	0%	0%	31%	34%	37%	33%	23%	18%	7%

Compounded Sales Growth
10 Years:	7%
5 Years:	23%
3 Years:	17%
TTM:	16%

Compounded Profit Growth
10 Years:	38%
5 Years:	39%
3 Years:	21%
TTM:	-38%

Stock Price CAGR
10 Years:	39%
5 Years:	38%
3 Years:	25%
1 Year:	22%

Return on Equity
10 Years:	23%
5 Years:	30%
3 Years:	28%
Last Year:	36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	24	25	25	24	24	28	33	39	55	75	90	125	134
	26	20	20	20	16	7	0	2	0	0	0	0	0
	15	12	10	10	9	9	10	11	11	9	10	17	15
Total Liabilities	75	66	65	64	58	54	53	62	76	95	111	151	159
	34	33	32	29	27	25	24	24	20	22	38	27	39
CWIP	1	0	0	0	0	0	1	1	1	0	2	21	13
Investments	0	0	0	0	0	1	1	0	2	6	13	27	30
	39	32	34	34	30	27	27	36	53	66	58	76	77
Total Assets	75	66	65	64	58	54	53	62	76	95	111	151	159

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-1	15	6	5	7	9	10	12	26	15	27	16
	-4	-5	-2	-2	-0	1	-3	-9	-13	-15	-22	-9
	5	-11	-3	-3	-7	-10	-7	-5	-9	-4	-5	-6
Net Cash Flow	-0	-0	-0	-0	-0	-0	0	-1	4	-3	0	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	56	66	67	73	76	87	75	59	66	55	55	76
Inventory Days	183	122	184	193	155	195	185	301	197	284	43	234
Days Payable	74	58	67	55	34	48	100	131	81	65	45	105
Cash Conversion Cycle	165	130	184	211	196	233	160	229	183	273	54	204
Working Capital Days	99	85	111	130	115	200	88	86	76	105	40	97
ROCE %	15%	10%	7%	6%	5%	16%	23%	38%	61%	34%	24%	48%

Shareholding Pattern

Numbers in percentages

25 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	54.23%	54.32%	54.37%	54.44%	54.56%	54.56%	54.56%	54.64%	54.64%	54.64%	54.64%	54.87%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.11%	0.11%	0.00%	0.00%	0.00%	0.04%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	45.74%	45.64%	45.60%	45.52%	45.41%	45.30%	45.29%	45.21%	45.33%	45.34%	45.34%	45.07%
No. of Shareholders	13,849	13,585	13,508	12,855	12,450	13,191	13,182	13,083	14,378	15,809	16,094	15,481

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	65.20%	65.20%	65.20%	54.74%	54.23%	54.44%	54.64%	54.87%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.04%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%
	0.00%	0.70%	0.70%	0.85%	0.00%	0.00%	0.00%	0.00%
	34.76%	34.06%	34.06%	44.38%	45.74%	45.52%	45.21%	45.07%
No. of Shareholders	9,445	8,938	9,310	9,342	12,736	12,855	13,083	15,481

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Diamines & Chemicals Ltd

Diamines & Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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