DCM Nouvelle Ltd

₹ 179 -0.91%
16 Aug 12:27 p.m.
About

Established in 1991, DCM commenced its spinning operations at its manufacturing plant in Hisar. DCM Nouvelle is leading manufacturer & exporter of 100% cotton carded and combed yarns .

Later in 2017, the company started manufacturing cotton slub yarns.
Company's plant is located at Hisar and has a capacity for monthly production of 2500 MT. [1]

Key Points

Well recognised brand
DCM's brand Primero and Dinero are well recognised in the markets among high end customers due to controlled contaminations and better tensile properties.
During 2020, DCM has launched its latest brand CCY i.e.. Contamination Controlled Yarn which is produced from unit 1.
It has a strong presence in domestic markets and have exported its products to more than 30 countries. [1]

  • Market Cap 335 Cr.
  • Current Price 179
  • High / Low 386 / 140
  • Stock P/E 2.84
  • Book Value 164
  • Dividend Yield 0.00 %
  • ROCE 42.0 %
  • ROE 50.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.09 times its book value
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
  • Debtor days have improved from 42.9 to 33.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
156 138 151 141 73 150 152 187 188 241 231 249 256
149 135 140 130 76 145 132 150 144 184 188 218 222
Operating Profit 7 3 10 11 -3 5 21 37 44 57 43 31 34
OPM % 4% 2% 7% 8% -4% 3% 13% 20% 23% 24% 18% 12% 13%
2 1 1 -1 2 2 1 1 1 4 3 0 1
Interest 4 2 3 3 3 2 2 1 2 2 1 2 1
Depreciation 4 4 4 4 4 4 4 4 4 4 3 2 2
Profit before tax 1 -2 5 3 -9 1 16 33 39 55 42 28 32
Tax % 36% 32% 30% 40% 26% 57% 25% 25% 25% 25% 27% 23% 25%
Net Profit 1 -1 3 2 -7 0 12 24 29 41 31 21 24
EPS in Rs 0.36 -0.78 1.81 0.92 -3.54 0.21 6.56 13.10 15.68 22.16 16.51 11.40 12.87

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 0 668 585 563 909 977
0 0 605 554 504 735 812
Operating Profit 0 -0 63 31 59 175 165
OPM % 9% 5% 11% 19% 17%
0 0 8 4 6 8 9
Interest 0 0 14 12 8 6 6
Depreciation 0 0 17 16 16 12 10
Profit before tax 0 -0 39 7 41 164 157
Tax % 0% 0% 34% 26% 25%
Net Profit 0 -0 39 4 31 123 118
EPS in Rs 2.31 16.33 65.74 62.94
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: 44%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 46%
TTM: 77%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 82%
1 Year: -21%
Return on Equity
10 Years: %
5 Years: 31%
3 Years: 28%
Last Year: 50%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 0 19 19 19 19
Reserves 0 -0 131 135 165 288
0 0 176 179 165 156
0 0 32 45 40 42
Total Liabilities 0 0 358 378 389 505
0 0 94 95 96 132
CWIP 0 0 0 12 0 15
Investments 0 0 0 0 0 0
0 0 263 271 294 357
Total Assets 0 0 358 378 389 505

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 -0 62 35 29 86
0 0 -12 -34 -7 -66
0 0 -40 -10 -23 -16
Net Cash Flow 0 -0 10 -9 -1 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 36 35 60 33
Inventory Days 134 158 132 143
Days Payable 6 13 11 7
Cash Conversion Cycle 164 180 181 169
Working Capital Days 114 126 156 118
ROCE % -22% 33% 6% 14% 42%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
48.82 49.25 50.09 50.09 50.12 50.12 50.12 50.13 50.15 50.08 50.08 50.08
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.21 0.89 1.34 1.28
6.53 6.57 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.52 5.87
44.65 44.18 43.38 43.38 43.35 43.35 43.35 43.32 43.11 42.50 42.06 42.77

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