Diligent Industries Ltd

₹ 9.95 -4.97%
02 Dec - close price
diligentindustries.com BSE: 531153
About

Diligent Industries is engaged in the business of Manufacturing and operation of edible oils.

Key Points

History[1]
The company was registered in 1995 under the name of Yatish Securities Ltd. In 2012 co. changed its name to Diligent Industries Limited. Company's primary business is manufacturing, processing, and trading of edible oils, food, feeds, and agricultural commodities in India. Also, in 2012 Adithya Agro Allied Oils Limited Amalgamated into this Company with the approval of the High Court.

Website BSE
  • Market Cap ₹ 114 Cr.
  • Current Price ₹ 9.95
  • High / Low ₹ 22.5 / 2.56
  • Stock P/E 60.2
  • Book Value ₹ 1.27
  • Dividend Yield 0.00 %
  • ROCE 8.22 %
  • ROE 10.5 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 97.4 to 49.3 days.

Cons

  • Stock is trading at 7.84 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Company has a low return on equity of 6.32% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.57 Cr.

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
18.78 23.62 16.73 9.53 26.46 24.39 10.82 19.55 20.27 30.15 31.68 30.27 31.71
18.43 23.07 16.63 8.78 24.38 24.56 11.24 19.42 20.30 29.26 30.02 29.97 31.67
Operating Profit 0.35 0.55 0.10 0.75 2.08 -0.17 -0.42 0.13 -0.03 0.89 1.66 0.30 0.04
OPM % 1.86% 2.33% 0.60% 7.87% 7.86% -0.70% -3.88% 0.66% -0.15% 2.95% 5.24% 0.99% 0.13%
0.37 0.31 0.41 0.00 0.00 0.00 0.78 0.54 0.77 0.49 0.00 0.95 1.13
Interest 0.39 0.35 0.41 0.39 0.41 0.44 0.50 0.39 0.39 0.39 0.45 0.48 0.37
Depreciation 0.14 0.15 0.20 0.15 0.15 0.15 0.17 0.18 0.18 0.18 0.40 0.36 0.36
Profit before tax 0.19 0.36 -0.10 0.21 1.52 -0.76 -0.31 0.10 0.17 0.81 0.81 0.41 0.44
Tax % 57.89% 16.67% -70.00% 23.81% 25.00% 25.00% 19.35% 0.00% 5.88% 23.46% 37.04% -39.02% 54.55%
Net Profit 0.08 0.30 -0.17 0.15 1.14 -0.57 -0.24 0.10 0.15 0.62 0.50 0.57 0.20
EPS in Rs 0.01 0.03 -0.01 0.01 0.10 -0.05 -0.02 0.01 0.01 0.05 0.04 0.05 0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 0 48 41 84 46 61 78 78 81 71 102 124
0 0 46 39 81 44 59 75 77 80 69 99 121
Operating Profit -0 -0 2 2 3 2 2 3 1 2 2 3 3
OPM % -200% -567% 5% 5% 4% 5% 3% 4% 1% 2% 3% 3% 2%
0 0 0 0 0 0 0 0 2 1 1 2 3
Interest 0 0 2 2 2 2 2 2 1 2 2 2 2
Depreciation 0 0 0 1 0 0 0 0 0 1 1 1 1
Profit before tax -0 -0 0 -1 0 0 0 1 0 1 1 2 2
Tax % 0% 0% 53% 62% 135% -40% 129% 34% 16% 22% 27% 27%
Net Profit -0 -0 0 -0 -0 0 -0 1 0 0 0 1 2
EPS in Rs -0.04 0.05 -0.02 -0.01 0.01 -0.00 0.06 0.04 0.04 0.04 0.12 0.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 125%
5 Years: 11%
3 Years: 9%
TTM: 65%
Compounded Profit Growth
10 Years: 26%
5 Years: 134%
3 Years: 50%
TTM: 438%
Stock Price CAGR
10 Years: 20%
5 Years: 30%
3 Years: 135%
1 Year: 245%
Return on Equity
10 Years: 3%
5 Years: 6%
3 Years: 6%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
3 4 11 11 11 11 11 11 11 11 11 11 11
Reserves -1 -2 -1 -1 -1 -1 -1 -0 -0 0 1 2 3
0 0 13 15 17 19 20 25 24 25 28 31 35
0 0 6 9 43 20 21 11 16 17 4 12 14
Total Liabilities 2 2 30 34 71 49 52 47 52 53 44 57 64
0 0 10 9 9 8 8 8 7 7 8 13 12
CWIP 0 0 0 0 0 0 0 2 2 2 4 0 0
Investments 0 0 0 0 0 0 0 3 3 3 3 3 3
1 2 20 25 62 41 44 34 39 41 30 41 49
Total Assets 2 2 30 34 71 49 52 47 52 53 44 57 64

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 -0 -3 -0 0 -6 6 2 2 2 3 -2
0 -1 -0 -0 0 0 -0 -5 -0 -0 -3 -2
0 1 2 -0 -1 6 -6 3 -2 -1 -1 5
Net Cash Flow 0 0 -1 -0 -0 -0 1 -0 -0 0 -0 1

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 2,677 5,110 78 125 235 174 27 99 119 137 106 49
Inventory Days 54 80 27 45 39 28 30 21 38 82
Days Payable 50 86 198 151 131 44 64 73 16 40
Cash Conversion Cycle 2,677 5,110 82 119 64 68 -64 83 85 84 128 92
Working Capital Days 4,076 13,262 99 129 75 160 130 106 105 102 127 100
ROCE % -7% -9% 15% 6% 10% 6% 6% 8% 6% 6% 6% 8%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
63.80 63.80 63.80 63.80 61.33 61.33 61.33 61.33 61.33 61.33 61.33 61.33
36.20 36.20 36.20 36.20 38.67 38.67 38.67 38.67 38.67 38.67 38.67 38.68

Documents

Announcements

Annual reports

Concalls

  • May 2022
    Transcript
    PPT