Diamines & Chemicals Ltd

Diamines & Chemicals Ltd

₹ 510 -3.08%
21 Feb 1:24 p.m.
About

Incorporated in 1976 and commencing production in 1982, Diamines & Chemicals Ltd. has been sole manufacturer of Ethyleneamines in Indian subcontinent for more than two decades. The company has also recently entirely sold all its assets related to Wind Turbines.

Key Points

Business Overview
Diamines is a key producer of Ethylene amines based in India having its plant at PCC Area, P.O. Petrochemicals; Vadodara. It caters to a large cross-section of Indian manufacturing Industry spread across a wide spectrum of Actual Users from Bulk Drugs (Quinolones, Antihistamines) to Fungicide – Insecticide, Polyamide resins, Gas Sweetening, Chelants, Textile Auxiliaries, Water Treatment Chemicals, Paints and Adhesives, Chemical Syntheses, Lube Oil Additives, etc.It is one of the dominant suppliers of PIPERAZINE to pharmaceutical and Gas Sweetening Application industries. {# Diamines (dacl.co.in) #} [1]

  • Market Cap 499 Cr.
  • Current Price 510
  • High / Low 687 / 391
  • Stock P/E 20.5
  • Book Value 147
  • Dividend Yield 1.15 %
  • ROCE 48.4 %
  • ROE 36.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 38.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.1%

Cons

  • Debtor days have increased from 62.0 to 75.7 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: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
14.39 14.41 14.82 14.12 16.86 20.30 23.02 26.98 24.87 35.69 31.70 19.92 23.03
9.35 11.47 10.40 9.52 13.40 10.73 8.33 10.61 12.74 23.12 22.03 14.71 18.01
Operating Profit 5.04 2.94 4.42 4.60 3.46 9.57 14.69 16.37 12.13 12.57 9.67 5.21 5.02
OPM % 35.02% 20.40% 29.82% 32.58% 20.52% 47.14% 63.81% 60.67% 48.77% 35.22% 30.50% 26.15% 21.80%
1.11 0.34 0.49 0.39 0.39 0.55 0.56 0.66 0.54 0.99 0.71 0.63 0.63
Interest 0.01 0.04 0.01 0.03 0.03 0.02 0.04 0.02 0.04 0.05 0.04 0.04 0.07
Depreciation 0.46 0.45 0.41 0.42 0.45 0.38 0.42 0.44 0.41 0.43 0.46 0.65 0.89
Profit before tax 5.68 2.79 4.49 4.54 3.37 9.72 14.79 16.57 12.22 13.08 9.88 5.15 4.69
Tax % -19.54% 22.94% 16.93% 25.77% 26.41% 26.23% 25.49% 25.29% 26.43% 24.85% 27.83% 22.33% 27.51%
6.79 2.15 3.72 3.36 2.48 7.16 11.03 12.38 8.98 9.83 7.14 4.00 3.40
EPS in Rs 6.94 2.20 3.80 3.43 2.53 7.32 11.27 12.65 9.18 10.05 7.30 4.09 3.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 57 44 39 36 35 39 47 69 63 66 110 110
56 49 38 34 31 25 27 28 34 38 44 54 78
Operating Profit 10 8 6 5 4 9 12 19 35 25 22 56 32
OPM % 16% 14% 13% 13% 13% 27% 30% 40% 51% 40% 33% 51% 29%
0 0 0 0 0 0 -1 1 2 3 2 3 3
Interest 4 4 3 3 3 2 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 5 2 1 -0 0 6 8 18 35 26 22 57 33
Tax % 28% 21% 5% -431% -212% 16% 14% 26% 32% 19% 24% 26%
4 2 1 -2 0 5 7 13 24 21 17 42 24
EPS in Rs 3.68 1.74 0.77 -1.58 0.26 4.91 7.25 13.42 24.52 21.50 17.09 43.16 24.92
Dividend Payout % 27% 29% 0% 0% 0% 31% 34% 37% 33% 23% 18% 7%
Compounded Sales Growth
10 Years: 7%
5 Years: 23%
3 Years: 17%
TTM: 16%
Compounded Profit Growth
10 Years: 38%
5 Years: 39%
3 Years: 21%
TTM: -38%
Stock Price CAGR
10 Years: 40%
5 Years: 43%
3 Years: 20%
1 Year: 31%
Return on Equity
10 Years: 23%
5 Years: 30%
3 Years: 28%
Last Year: 36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 24 25 25 24 24 28 33 39 55 75 90 125 134
26 20 20 20 16 7 0 2 0 0 0 0 0
15 12 10 10 9 9 10 11 11 9 10 17 15
Total Liabilities 75 66 65 64 58 54 53 62 76 95 111 151 159
34 33 32 29 27 25 24 24 20 22 38 27 39
CWIP 1 0 0 0 0 0 1 1 1 0 2 21 13
Investments 0 0 0 0 0 1 1 0 2 6 13 27 30
39 32 34 34 30 27 27 36 53 66 58 76 77
Total Assets 75 66 65 64 58 54 53 62 76 95 111 151 159

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 15 6 5 7 9 10 12 26 15 27 16
-4 -5 -2 -2 -0 1 -3 -9 -13 -15 -22 -9
5 -11 -3 -3 -7 -10 -7 -5 -9 -4 -5 -6
Net Cash Flow -0 -0 -0 -0 -0 -0 0 -1 4 -3 0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 56 66 67 73 76 87 75 59 66 55 55 76
Inventory Days 183 122 184 193 155 195 185 301 197 284 43 234
Days Payable 74 58 67 55 34 48 100 131 81 65 45 105
Cash Conversion Cycle 165 130 184 211 196 233 160 229 183 273 54 204
Working Capital Days 99 85 111 130 115 200 88 86 76 105 40 97
ROCE % 15% 10% 7% 6% 5% 16% 23% 38% 61% 34% 24% 48%

Shareholding Pattern

Numbers in percentages

16 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
54.23% 54.23% 54.32% 54.37% 54.44% 54.56% 54.56% 54.56% 54.64% 54.64% 54.64% 54.64%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.11% 0.11% 0.00% 0.00% 0.00%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
45.74% 45.74% 45.64% 45.60% 45.52% 45.41% 45.30% 45.29% 45.21% 45.33% 45.34% 45.34%
No. of Shareholders 12,73613,84913,58513,50812,85512,45013,19113,18213,08314,37815,80916,094

* 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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