Daikaffil Chemicals India Ltd

Daikaffil Chem Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Daikaffil Chemicals India Ltd

₹ 102 -0.51%
25 Apr - close price
daikaffil.com BSE: 530825
About

Established in 1992, Daikaffil Chemicals Pvt. Ltd. is engaged in manufacturing of organic chemicals and intermediaries and trading of chemicals.

Key Points

Product Profile:
Company's main products are various types of:
a) Optical Brighteners:[1]
Also known as fluorescent whitening agents, these are used to make paper, textiles, plastics, fibers, coatings, inks, detergents, etc.
b) Stilbene Derivatives:[2]
Company provides products like Paranitro Toluene Ortho -Sulfonic Acid, Diamino Stilbene 2.2' -Disulfonic Acid, etc. in wet and dry form.
c) Dye Intermediates:[3]
Company has 12 products under this category which are used for manufacture of direct dyes, acid dyes, pigments, dyestuffs, etc.
d) Naphthol:[4]
It is an organic compound used to manufacture organic Pigments/Master batch. Pigments are used for colouring paint, ink, plastic, fabric, cosmetics, foods and other materials.

Website BSE
  • Market Cap ₹ 61.2 Cr.
  • Current Price ₹ 102
  • High / Low ₹ 117 / 21.3
  • Stock P/E
  • Book Value ₹ 35.7
  • Dividend Yield 0.00 %
  • ROCE -11.3 %
  • ROE -10.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Promoter holding has increased by 17.3% over last quarter.

Cons

  • Stock is trading at 2.86 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -51.1% over past five years.
  • Company has a low return on equity of -7.18% over last 3 years.
  • Working capital days have increased from 1,726 days to 4,956 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: Dyes And Pigments

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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
4.19 1.68 1.56 2.41 2.89 1.30 0.63 0.01 0.00 0.00 0.00 0.00 0.00
4.00 1.99 2.11 2.65 3.97 1.46 1.29 0.43 0.43 0.40 0.40 0.29 0.25
Operating Profit 0.19 -0.31 -0.55 -0.24 -1.08 -0.16 -0.66 -0.42 -0.43 -0.40 -0.40 -0.29 -0.25
OPM % 4.53% -18.45% -35.26% -9.96% -37.37% -12.31% -104.76% -4,200.00%
0.17 0.10 0.07 0.13 0.11 0.16 0.13 0.13 0.10 0.11 0.17 0.23 0.15
Interest 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.28 0.27 0.28 0.28 0.28 0.28 0.30 0.18 0.18 0.55 0.23 0.22 0.22
Profit before tax 0.06 -0.49 -0.77 -0.40 -1.26 -0.29 -0.84 -0.47 -0.51 -0.84 -0.46 -0.28 -0.32
Tax % 16.67% 28.57% 3.90% 10.00% 9.52% 17.24% 1.19% -2.13% 9.80% 26.19% 4.35% 14.29% 12.50%
0.05 -0.36 -0.75 -0.37 -1.15 -0.25 -0.84 -0.48 -0.47 -0.62 -0.43 -0.24 -0.28
EPS in Rs 0.08 -0.60 -1.25 -0.62 -1.92 -0.42 -1.40 -0.80 -0.78 -1.03 -0.72 -0.40 -0.47
Raw PDF

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
21.07 29.93 33.28 34.35 27.41 26.44 22.82 16.84 15.72 11.40 8.16 0.64 0.00
20.29 27.98 30.31 31.36 24.24 21.77 19.53 15.04 13.88 11.23 10.20 2.55 1.34
Operating Profit 0.78 1.95 2.97 2.99 3.17 4.67 3.29 1.80 1.84 0.17 -2.04 -1.91 -1.34
OPM % 3.70% 6.52% 8.92% 8.70% 11.57% 17.66% 14.42% 10.69% 11.70% 1.49% -25.00% -298.44%
0.15 0.45 0.29 -0.16 0.55 0.55 0.85 0.42 0.85 0.55 0.47 0.47 0.66
Interest 0.28 0.35 0.36 0.26 0.14 0.07 0.05 0.03 0.07 0.05 0.03 0.01 0.00
Depreciation 0.48 0.56 0.61 0.42 0.40 1.48 0.97 0.96 1.12 1.12 1.13 1.21 1.22
Profit before tax 0.17 1.49 2.29 2.15 3.18 3.67 3.12 1.23 1.50 -0.45 -2.73 -2.66 -1.90
Tax % 35.29% 34.23% 37.55% 27.91% 33.96% 33.51% 23.40% 29.27% 28.00% 11.11% 8.42% 9.77%
0.11 0.98 1.44 1.55 2.10 2.44 2.40 0.86 1.08 -0.41 -2.50 -2.41 -1.57
EPS in Rs 0.18 1.63 2.40 2.58 3.50 4.07 4.00 1.43 1.80 -0.68 -4.17 -4.02 -2.62
Dividend Payout % 272.73% 30.61% 33.33% 30.97% 28.57% 41.80% 30.00% 0.00% 38.89% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -32%
5 Years: -51%
3 Years: -66%
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 23%
Stock Price CAGR
10 Years: 24%
5 Years: 24%
3 Years: 52%
1 Year: 287%
Return on Equity
10 Years: 3%
5 Years: -3%
3 Years: -7%
Last Year: -10%

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 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Reserves 2.94 3.56 4.43 5.22 6.60 18.38 19.54 19.46 19.96 19.58 18.52 16.12 15.44
2.28 2.85 2.37 1.89 0.71 0.00 0.00 0.00 0.71 0.56 0.37 0.00 0.00
6.12 6.18 9.38 6.83 5.56 3.35 4.72 2.64 3.54 2.36 1.81 1.35 0.90
Total Liabilities 17.34 18.59 22.18 19.94 18.87 27.73 30.26 28.10 30.21 28.50 26.70 23.47 22.34
5.36 5.53 5.51 5.37 5.34 15.14 14.69 14.16 14.01 12.98 13.92 12.43 11.92
CWIP 0.42 0.18 0.00 0.00 0.04 0.09 0.01 0.02 0.04 0.03 0.05 0.05 0.05
Investments 0.08 0.08 0.06 0.10 0.25 0.28 2.27 0.19 0.19 0.19 0.19 0.19 0.19
11.48 12.80 16.61 14.47 13.24 12.22 13.29 13.73 15.97 15.30 12.54 10.80 10.18
Total Assets 17.34 18.59 22.18 19.94 18.87 27.73 30.26 28.10 30.21 28.50 26.70 23.47 22.34

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
1.78 0.87 1.45 1.73 0.72 5.04 2.65 2.28 3.39 0.21 -0.86 -8.11
-1.19 -0.48 -0.41 -0.51 -0.47 -0.93 -2.70 1.86 0.14 0.21 0.20 0.57
-0.48 -0.57 -0.53 -0.59 -0.58 -0.72 -1.23 -0.87 -0.69 -0.16 -0.12 -0.02
Net Cash Flow 0.11 -0.18 0.51 0.62 -0.32 3.39 -1.27 3.27 2.84 0.26 -0.78 -7.56

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 85.40 80.85 93.22 72.36 93.48 40.03 74.22 60.26 45.04 28.82 6.26 0.00
Inventory Days 119.81 81.75 93.77 70.49 81.93 82.17 84.50 122.29 133.94 154.33 124.16 1,116.90
Days Payable 134.15 90.13 132.45 85.28 69.49 34.20 80.69 39.27 80.53 59.90 7.49 21.90
Cash Conversion Cycle 71.06 72.47 54.55 57.57 105.91 88.00 78.03 143.28 98.46 123.24 122.94 1,095.00
Working Capital Days 81.77 75.61 71.84 67.79 93.08 76.89 93.25 113.14 76.85 105.66 115.40 4,956.02
ROCE % 5.54% 15.49% 21.18% 18.76% 25.06% 19.85% 12.70% 4.94% 5.99% -1.51% -10.58% -11.27%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
31.41% 31.41% 31.25% 31.19% 31.19% 31.19% 31.19% 31.19% 31.19% 31.19% 31.19% 48.48%
0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
68.46% 68.46% 68.61% 68.67% 68.67% 68.69% 68.82% 68.81% 68.83% 68.82% 68.80% 51.52%
No. of Shareholders 3,4283,4873,5213,6323,5993,6463,7353,5983,5393,4463,1233,066

* 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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