Deco-Mica Ltd

₹ 70.0 -5.32%

30 Apr - close price

About

Incorporated in 1987, Dico Mica
Ltd manufactures paper-based
high-pressure decorative laminates^[1]

Key Points

Business Overview:^[1]^[2]
Company sells its products through a
network of dealers across India under
the Heritage brand. These laminates
are available in different finishes, such
as matt, cut glass, leather, wood, and
fabric. Heritage brand has a network
of ~30,000 dealers and retailers
across ~25 countries, and it
specializes in high-pressure
laminates

Website BSE

Market Cap ₹ 29.4 Cr.
Current Price ₹ 70.0
High / Low ₹ 114 / 56.0
Stock P/E 10.8
Book Value ₹ 59.8
Dividend Yield 0.00 %
ROCE 13.5 %
ROE 9.75 %
Face Value ₹ 10.0

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Pros

Stock is trading at 1.17 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 8.59% over past five years.
Company has a low return on equity of 10.2% over last 3 years.
Company has high debtors of 161 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: Plywood Boards/Laminates Industry: Miscellaneous

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	19.48	21.74	19.71	22.42	18.20	17.97	16.24	18.43	15.90	26.71	15.82	18.14	19.90
	16.92	21.33	18.43	21.14	16.87	15.67	15.39	16.86	15.09	23.34	15.34	17.14	17.66
Operating Profit	2.56	0.41	1.28	1.28	1.33	2.30	0.85	1.57	0.81	3.37	0.48	1.00	2.24
OPM %	13.14%	1.89%	6.49%	5.71%	7.31%	12.80%	5.23%	8.52%	5.09%	12.62%	3.03%	5.51%	11.26%
	0.02	0.30	0.09	0.25	0.16	0.28	0.14	0.05	0.10	0.21	0.51	0.15	0.07
Interest	0.36	0.46	0.45	0.65	0.55	0.72	0.47	0.54	0.53	0.75	0.54	0.58	0.51
Depreciation	0.29	0.29	0.32	0.33	0.33	0.33	0.36	0.28	0.32	0.32	0.29	0.48	0.42
Profit before tax	1.93	-0.04	0.60	0.55	0.61	1.53	0.16	0.80	0.06	2.51	0.16	0.09	1.38
Tax %	27.46%	150.00%	31.67%	25.45%	29.51%	33.33%	31.25%	28.75%	166.67%	33.47%	43.75%	22.22%	34.78%
	1.41	-0.10	0.41	0.41	0.44	1.02	0.11	0.57	-0.03	1.66	0.10	0.06	0.91
EPS in Rs	3.36	-0.24	0.98	0.98	1.05	2.43	0.26	1.36	-0.07	3.95	0.24	0.14	2.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	34.58	43.63	45.81	40.94	32.31	51.02	51.18	48.55	53.44	71.71	78.30	77.27	80.57
	31.98	40.61	42.20	37.12	28.75	46.60	47.37	44.85	48.92	67.31	72.10	70.66	73.48
Operating Profit	2.60	3.02	3.61	3.82	3.56	4.42	3.81	3.70	4.52	4.40	6.20	6.61	7.09
OPM %	7.52%	6.92%	7.88%	9.33%	11.02%	8.66%	7.44%	7.62%	8.46%	6.14%	7.92%	8.55%	8.80%
	0.10	0.11	0.05	0.11	0.20	0.38	0.41	0.16	0.10	0.43	0.78	0.48	0.94
Interest	0.69	0.94	1.20	1.41	1.27	1.21	1.40	1.62	1.56	1.65	2.38	2.28	2.38
Depreciation	0.33	0.42	0.56	0.82	0.99	1.03	1.04	1.07	1.09	1.16	1.31	1.27	1.51
Profit before tax	1.68	1.77	1.90	1.70	1.50	2.56	1.78	1.17	1.97	2.02	3.29	3.54	4.14
Tax %	36.90%	35.03%	35.26%	28.82%	34.67%	34.77%	20.22%	26.50%	32.49%	0.00%	30.70%	34.75%
	1.06	1.16	1.23	1.21	0.99	1.68	1.42	0.86	1.33	2.02	2.28	2.31	2.73
EPS in Rs	2.52	2.76	2.93	2.88	2.36	4.00	3.38	2.05	3.17	4.81	5.43	5.50	6.50
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	6%
5 Years:	9%
3 Years:	13%
TTM:	18%

Compounded Profit Growth
10 Years:	7%
5 Years:	11%
3 Years:	20%
TTM:	63%

Stock Price CAGR
10 Years:	25%
5 Years:	45%
3 Years:	10%
1 Year:	-17%

Return on Equity
10 Years:	9%
5 Years:	9%
3 Years:	10%
Last Year:	10%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	4.20	4.20	4.20	4.20	4.20	4.20	4.20	4.20	4.20	4.20	4.20	4.20	4.20
Reserves	4.49	5.64	6.86	8.06	8.99	10.64	12.15	12.99	14.39	16.41	18.60	20.80	20.91
	5.71	9.59	11.36	15.70	12.31	12.74	14.65	16.70	18.80	20.64	17.82	20.95	21.38
	11.35	15.72	15.63	15.52	16.92	17.65	18.27	16.97	10.99	19.90	22.89	23.98	27.66
Total Liabilities	25.75	35.15	38.05	43.48	42.42	45.23	49.27	50.86	48.38	61.15	63.51	69.93	74.15
	5.67	7.95	9.92	11.19	11.67	11.39	11.32	11.01	10.63	10.91	11.69	11.71	12.96
CWIP	0.00	0.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.17	0.32	0.60
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	20.08	26.68	28.13	32.29	30.75	33.84	37.95	39.85	37.75	50.19	51.65	57.90	60.59
Total Assets	25.75	35.15	38.05	43.48	42.42	45.23	49.27	50.86	48.38	61.15	63.51	69.93	74.15

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0.90	-0.43	0.57	0.81	4.70	0.35	-1.48	-1.34	-1.31	-0.43	7.05	0.73
	-2.56	-3.37	-2.04	-1.38	-1.36	-0.75	-0.90	-0.70	-0.70	-1.47	-2.04	-1.63
	1.62	3.87	1.78	4.33	-3.38	0.42	2.31	2.05	2.03	1.89	-5.05	1.04
Net Cash Flow	-0.04	0.07	0.31	3.76	-0.05	0.02	-0.07	0.01	0.01	-0.01	-0.04	0.14

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	136.16	142.64	143.50	169.57	220.29	178.49	180.50	187.35	155.52	140.69	128.61	161.41
Inventory Days	83.38	84.54	83.16	99.33	178.75	83.23	124.96	163.92	142.16	163.57	172.66	170.81
Days Payable	128.76	129.74	112.59	127.12	219.25	146.37	153.45	150.47	52.17	81.75	99.44	98.37
Cash Conversion Cycle	90.79	97.43	114.07	141.79	179.79	115.35	152.01	200.80	245.51	222.51	201.83	233.85
Working Capital Days	85.39	83.41	89.88	110.91	152.73	114.11	140.49	170.96	186.05	155.55	135.33	160.98
ROCE %	18.14%	16.02%	14.96%	12.35%	10.36%	14.36%	10.72%	8.66%	10.02%	9.33%	13.83%	13.52%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%
	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%
	29.31%	29.31%	29.31%	29.31%	29.31%	29.31%	29.30%	29.31%	29.31%	29.32%	29.31%	29.31%
No. of Shareholders	1,014	1,022	1,031	1,072	1,204	1,222	1,255	1,295	1,405	1,442	1,534	1,661

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%	70.05%
	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%
	29.31%	29.31%	29.31%	29.31%	29.31%	29.31%	29.31%	29.31%	29.31%
No. of Shareholders	1,081	1,070	1,052	1,043	1,035	1,019	1,072	1,295	1,661

* 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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Deco-Mica Ltd

Deco-Mica Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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