DCM Nouvelle Ltd
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]
- Market Cap ₹ 285 Cr.
- Current Price ₹ 153
- High / Low ₹ 386 / 135
- Stock P/E 4.26
- Book Value ₹ 172
- Dividend Yield 0.00 %
- ROCE 42.0 %
- ROE 50.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.89 times its book value
- 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.
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 898 | |
| -0 | 0 | 605 | 554 | 504 | 735 | 801 | |
| Operating Profit | -0 | -0 | 63 | 31 | 59 | 175 | 97 |
| OPM % | 9% | 5% | 11% | 19% | 11% | ||
| -0 | -0 | 8 | 4 | 6 | 8 | 6 | |
| Interest | -0 | -0 | 14 | 12 | 8 | 6 | 5 |
| Depreciation | -0 | -0 | 17 | 16 | 16 | 12 | 9 |
| Profit before tax | -0 | -0 | 39 | 7 | 41 | 164 | 90 |
| Tax % | -0% | -0% | 34% | 26% | 25% | ||
| Net Profit | -0 | -0 | 39 | 4 | 31 | 123 | 67 |
| EPS in Rs | 2.31 | 16.33 | 65.74 | 35.83 | |||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 72% |
| 1 Year: | -45% |
| 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 | Sep 2022 | |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 19 | 19 | 19 | 19 | 19 | |
| Reserves | -0 | -0 | 131 | 135 | 165 | 288 | 303 |
| -0 | -0 | 176 | 179 | 165 | 156 | 72 | |
| -0 | -0 | 32 | 45 | 40 | 42 | 44 | |
| Total Liabilities | 0 | 0 | 358 | 378 | 389 | 505 | 437 |
| -0 | -0 | 94 | 95 | 96 | 132 | 130 | |
| CWIP | -0 | -0 | 0 | 12 | 0 | 15 | 76 |
| Investments | -0 | -0 | -0 | -0 | -0 | 0 | 15 |
| 0 | 0 | 263 | 271 | 294 | 357 | 215 | |
| Total Assets | 0 | 0 | 358 | 378 | 389 | 505 | 437 |
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% |
Documents
Announcements
- Announcement Under Regulation 30 Of SEBI Listing Regulations, 2015 - Inauguration Of Unit-IV Of The Company At Plant Located At Hisar, Haryana 8 Nov
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (LODR) Regulations, 2015, As Amended ('Listing Regulations') 2 Nov
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Oct - The Unaudited Standalone and Consolidated Financial Results, in accordance with Regulation 33, for the quarter and half year ended September 30, 2022, have been published …
- Outcome Of The Board Meeting 19 Oct
- Board Meeting Intimation for Inter Alia To Consider And Approve The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2022 11 Oct
Well Recognised Brand
DCM's brands 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 has exported its products to more than 30 countries. [1]