Ishan Dyes & chemicals Ltd
Ishan Dyes and Chemicals Ltd is engaged into the business of manufacturing copper phthalocyanine crude Blue (CPC Blue) and pigment blues. The products of the company are well established in the domestic and international markets.[1]
- Market Cap ₹ 107 Cr.
- Current Price ₹ 51.0
- High / Low ₹ 71.8 / 45.0
- Stock P/E
- Book Value ₹ 48.0
- Dividend Yield 0.00 %
- ROCE 0.29 %
- ROE -1.42 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.06 times its book value
- Debtor days have improved from 112 to 71.9 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.16% over past five years.
- Company has a low return on equity of 9.69% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -11.3%
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
67.32 | 72.00 | 74.68 | 49.91 | 61.42 | 66.60 | 72.15 | 66.81 | 80.15 | 81.75 | 87.40 | 64.68 | 64.37 | |
58.26 | 65.43 | 65.66 | 47.42 | 55.07 | 55.55 | 66.72 | 59.15 | 69.59 | 64.03 | 72.25 | 63.54 | 68.65 | |
Operating Profit | 9.06 | 6.57 | 9.02 | 2.49 | 6.35 | 11.05 | 5.43 | 7.66 | 10.56 | 17.72 | 15.15 | 1.14 | -4.28 |
OPM % | 13.46% | 9.12% | 12.08% | 4.99% | 10.34% | 16.59% | 7.53% | 11.47% | 13.18% | 21.68% | 17.33% | 1.76% | -6.65% |
0.17 | -3.09 | 0.62 | 0.53 | 1.18 | 1.14 | 2.14 | 1.26 | 2.35 | 2.24 | 2.60 | 2.01 | 2.74 | |
Interest | 1.34 | 1.26 | 0.52 | 0.48 | 0.91 | 0.82 | 0.80 | 1.06 | 0.90 | 0.72 | 1.77 | 1.64 | 2.46 |
Depreciation | 2.08 | 2.29 | 2.08 | 1.07 | 1.41 | 1.55 | 0.84 | 1.27 | 1.78 | 2.02 | 2.22 | 2.74 | 2.80 |
Profit before tax | 5.81 | -0.07 | 7.04 | 1.47 | 5.21 | 9.82 | 5.93 | 6.59 | 10.23 | 17.22 | 13.76 | -1.23 | -6.80 |
Tax % | 18.76% | 1,271.43% | 9.23% | -46.94% | 25.53% | 42.97% | 43.17% | 34.29% | 19.84% | 25.61% | 26.53% | 2.44% | |
4.72 | 0.83 | 6.40 | 2.17 | 3.88 | 5.60 | 3.36 | 4.33 | 8.21 | 12.81 | 10.11 | -1.20 | -6.57 | |
EPS in Rs | 2.86 | 0.50 | 3.88 | 1.32 | 2.35 | 3.41 | 2.05 | 2.64 | 5.14 | 8.02 | 5.96 | -0.57 | -3.13 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 9.68% | 0.00% | 25.13% | 0.00% | 19.45% | 15.58% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -2% |
3 Years: | -7% |
TTM: | -23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -1214% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 10% |
3 Years: | 1% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
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 | 7.51 | 7.51 | 7.51 | 7.51 | 7.51 | 11.26 | 11.26 | 11.26 | 15.97 | 15.97 | 16.97 | 20.97 | 20.97 |
Reserves | 0.95 | 1.80 | 8.05 | 10.22 | 13.65 | 15.50 | 17.86 | 22.19 | 38.18 | 49.32 | 62.57 | 81.80 | 79.71 |
6.91 | 4.79 | 3.38 | 4.65 | 8.56 | 7.08 | 9.30 | 12.10 | 2.41 | 9.68 | 18.79 | 22.43 | 43.13 | |
9.87 | 16.67 | 6.02 | 11.50 | 6.67 | 9.84 | 9.63 | 9.26 | 9.96 | 15.20 | 16.04 | 5.67 | 11.57 | |
Total Liabilities | 25.24 | 30.77 | 24.96 | 33.88 | 36.39 | 43.68 | 48.05 | 54.81 | 66.52 | 90.17 | 114.37 | 130.87 | 155.38 |
8.74 | 8.28 | 7.07 | 12.30 | 12.72 | 12.48 | 19.79 | 26.12 | 28.97 | 30.67 | 36.76 | 62.34 | 65.90 | |
CWIP | 0.07 | 0.07 | 1.87 | 0.00 | 0.00 | 0.44 | 0.78 | 0.00 | 0.64 | 0.84 | 0.43 | 0.96 | 3.00 |
Investments | 0.05 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
16.38 | 22.42 | 16.02 | 21.58 | 23.65 | 30.74 | 27.46 | 28.67 | 36.89 | 58.64 | 77.16 | 67.55 | 86.46 | |
Total Assets | 25.24 | 30.77 | 24.96 | 33.88 | 36.39 | 43.68 | 48.05 | 54.81 | 66.52 | 90.17 | 114.37 | 130.87 | 155.38 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6.10 | 2.86 | 4.88 | 3.99 | -1.09 | 3.98 | 7.20 | 4.98 | 2.65 | -2.32 | -8.52 | 20.21 | |
-2.81 | -1.75 | -2.74 | -4.40 | -1.79 | -1.69 | -7.90 | -6.80 | -4.65 | -3.26 | -8.00 | -40.54 | |
-3.58 | -1.30 | -1.67 | 0.06 | 3.11 | -2.14 | 0.44 | 1.77 | 2.91 | 4.82 | 16.41 | 20.33 | |
Net Cash Flow | -0.29 | -0.19 | 0.47 | -0.35 | 0.23 | 0.16 | -0.26 | -0.04 | 0.92 | -0.77 | -0.12 | 0.00 |
Ratios
Figures in Rs. Crores
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 | 43.27 | 64.69 | 12.07 | 61.14 | 45.58 | 61.05 | 82.31 | 67.36 | 85.89 | 118.72 | 145.37 | 71.89 |
Inventory Days | 50.21 | 51.75 | 52.71 | 79.17 | 44.37 | 123.85 | 49.38 | 90.38 | 72.72 | 128.80 | 187.16 | 210.96 |
Days Payable | 64.69 | 112.32 | 27.48 | 123.89 | 41.64 | 48.85 | 62.34 | 63.43 | 51.13 | 101.12 | 48.06 | 26.72 |
Cash Conversion Cycle | 28.79 | 4.12 | 37.30 | 16.42 | 48.32 | 136.05 | 69.35 | 94.31 | 107.48 | 146.40 | 284.48 | 256.13 |
Working Capital Days | 18.33 | 17.54 | 35.87 | 34.23 | 80.40 | 107.64 | 86.71 | 102.87 | 112.57 | 185.92 | 275.88 | 335.99 |
ROCE % | 51.90% | 31.49% | 45.76% | 9.54% | 23.53% | 33.48% | 17.10% | 18.22% | 21.68% | 27.28% | 17.92% | 0.29% |
Documents
Announcements
- CERTIFICATE UNDER REGULATION 7(3) FOR THE YEAR ENDED 31ST MARCH 2024. 12 Apr
- DISCLOSURE UNDER REGULATION 40(10) OF THE SEBI (LODR) REGULATIONS, 2015. 12 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
- Closure of Trading Window 27 Mar
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Newspaper Copies
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2007
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Product Portfolio
The company's product portfolio includes Piothalocyanlne Blue Range products like CPC Blue. Pigment Alpha Blue and Pigment Beta Blue. [1]