Diamines & Chemicals Ltd

AI

Diamines & Chemicals Ltd

₹ 241 -1.54%
04 Sep - close price
About

Incorporated in 1976, Diamines and Chemicals Ltd is in the business of manufacturing and marketing of organic chemicals compounds[1]

Key Points

Business Overview:[1]
DCL is an ISO 9001:2015, ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018, and DSIR-certified sole manufacturer of ethylene amines in India. It also manufactures Piperazine Anhydrous and Piperazine Solutions.

  • Market Cap 242 Cr.
  • Current Price 241
  • High / Low 393 / 208
  • Stock P/E
  • Book Value 163
  • Dividend Yield 0.41 %
  • ROCE -7.66 %
  • ROE -7.18 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.38% over past five years.
  • Company has a low return on equity of 2.23% over last 3 years.
  • Working capital days have increased from 208 days to 304 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
31.70 19.92 23.03 29.38 16.83 19.15 17.51 17.90 12.23 9.30 7.64 9.29 14.37
22.03 14.71 18.01 25.09 17.92 15.40 15.90 16.09 16.07 13.07 10.37 12.33 13.92
Operating Profit 9.67 5.21 5.02 4.29 -1.09 3.75 1.61 1.81 -3.84 -3.77 -2.73 -3.04 0.45
OPM % 30.50% 26.15% 21.80% 14.60% -6.48% 19.58% 9.19% 10.11% -31.40% -40.54% -35.73% -32.72% 3.13%
0.71 0.63 0.63 0.76 0.79 0.95 0.92 1.09 2.05 0.78 0.72 1.08 0.68
Interest 0.04 0.04 0.07 0.04 0.01 0.04 0.15 0.15 0.01 0.07 0.13 0.10 0.02
Depreciation 0.46 0.65 0.89 0.67 0.78 0.80 0.80 0.79 0.80 0.88 0.89 0.88 0.84
Profit before tax 9.88 5.15 4.69 4.34 -1.09 3.86 1.58 1.96 -2.60 -3.94 -3.03 -2.94 0.27
Tax % 27.83% 22.33% 27.51% 25.58% 10.09% 24.61% 27.22% 17.35% -8.46% -6.09% -3.63% -28.57% 0.00%
7.14 4.00 3.40 3.23 -1.19 2.91 1.16 1.62 -2.39 -3.70 -2.93 -2.09 0.27
EPS in Rs 7.30 4.09 3.48 3.30 -1.22 2.97 1.19 1.66 -2.44 -3.78 -2.99 -2.08 0.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
39.09 35.58 34.78 38.51 47.32 69.30 62.82 65.97 110.34 103.98 71.33 38.40 40.60
34.12 31.12 25.44 26.92 28.38 34.07 37.66 43.89 54.48 79.79 65.23 51.65 49.69
Operating Profit 4.97 4.46 9.34 11.59 18.94 35.23 25.16 22.08 55.86 24.19 6.10 -13.25 -9.09
OPM % 12.71% 12.54% 26.85% 30.10% 40.03% 50.84% 40.05% 33.47% 50.63% 23.26% 8.55% -34.51% -22.39%
0.18 0.36 0.07 -1.08 0.96 2.09 2.55 1.79 2.65 2.73 3.72 4.49 3.26
Interest 3.41 2.75 1.73 0.32 0.07 0.08 0.08 0.09 0.14 0.19 0.34 0.31 0.32
Depreciation 2.03 1.99 1.95 1.95 2.01 2.06 1.79 1.67 1.71 2.66 3.17 3.46 3.49
Profit before tax -0.29 0.08 5.73 8.24 17.82 35.18 25.84 22.11 56.66 24.07 6.31 -12.53 -9.64
Tax % 431.03% -212.50% 16.40% 13.96% 26.32% 31.81% 18.61% 24.33% 25.50% 26.17% 28.84% -11.25%
-1.55 0.25 4.80 7.09 13.13 23.99 21.03 16.72 42.22 17.77 4.49 -11.11 -8.45
EPS in Rs -1.58 0.26 4.91 7.25 13.42 24.52 21.50 17.09 43.16 18.16 4.59 -11.05 -8.58
Dividend Payout % 0.00% 0.00% 30.56% 34.49% 37.24% 32.61% 23.25% 17.55% 6.95% 13.76% 21.78% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: -9%
3 Years: -30%
TTM: -39%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -356%
Stock Price CAGR
10 Years: 19%
5 Years: -3%
3 Years: -23%
1 Year: -35%
Return on Equity
10 Years: 15%
5 Years: 10%
3 Years: 2%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9.78 9.78 9.78 9.78 9.78 9.78 9.78 9.78 9.78 9.78 9.78 10.05
Reserves 23.58 23.84 27.79 32.83 39.03 55.40 75.24 90.46 125.10 140.99 155.89 153.53
20.10 15.56 6.96 0.00 1.99 0.00 0.30 0.00 0.00 0.00 0.03 8.19
10.04 8.64 9.47 10.04 11.14 11.16 9.49 10.35 16.56 14.41 16.72 8.70
Total Liabilities 63.50 57.82 54.00 52.65 61.94 76.34 94.81 110.59 151.44 165.18 182.42 180.47
29.30 27.33 25.45 24.14 24.45 20.41 22.47 37.55 26.89 50.38 49.11 50.78
CWIP 0.00 0.00 0.21 0.52 0.79 1.16 0.15 1.88 21.39 0.83 2.26 19.41
Investments 0.15 0.13 0.93 0.66 0.25 2.07 5.99 12.87 26.76 29.63 30.16 24.52
34.05 30.36 27.41 27.33 36.45 52.70 66.20 58.29 76.40 84.34 100.89 85.76
Total Assets 63.50 57.82 54.00 52.65 61.94 76.34 94.81 110.59 151.44 165.18 182.42 180.47

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4.66 7.27 8.88 9.92 12.50 25.95 15.37 27.31 16.31 19.73 -5.75 -11.77
-1.65 -0.06 0.65 -2.91 -8.51 -13.04 -14.98 -21.64 -8.57 -16.65 15.35 -27.98
-3.06 -7.29 -9.55 -6.54 -4.57 -9.17 -3.69 -5.28 -6.01 -3.13 9.75 18.03
Net Cash Flow -0.06 -0.08 -0.02 0.47 -0.59 3.75 -3.29 0.39 1.73 -0.05 19.35 -21.72
Free Cash Flow 4.63 7.25 -0.44 16.49 9.88 23.00 4.06 14.58 6.37 13.24 -9.69 -33.01
CFO/OP 98% 164% 105% 102% 83% 105% 87% 152% 55% 109% -79% 82%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 72.74 75.71 86.58 74.88 59.01 65.78 54.79 55.44 75.72 58.62 70.46 51.99
Inventory Days 192.70 155.05 195.07 185.25 301.04 197.45 283.59 43.30 233.57 135.03 335.50 501.99
Days Payable 54.67 34.46 48.26 100.47 131.14 80.67 64.90 44.80 104.92 40.17 92.63 46.84
Cash Conversion Cycle 210.77 196.31 233.39 159.66 228.91 182.56 273.47 53.93 204.37 153.48 313.34 507.13
Working Capital Days 32.12 25.54 163.71 88.43 71.04 75.63 102.78 39.61 97.09 108.08 211.13 303.69
ROCE % 5.76% 5.14% 15.92% 23.16% 38.28% 60.68% 34.45% 23.96% 48.40% 16.92% 4.22% -7.66%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Export Turnover (FOB value)
INR Lakhs

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Production Volume of Speciality Chemicals
MT
R&D Expenditure
INR Lakhs
Sales Volume of Manufactured Goods
MT
Number of Permanent Employees
count
R&D Expenditure (Percentage of Turnover)
%

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
54.64% 54.64% 54.87% 54.87% 54.87% 54.87% 55.17% 55.21% 55.21% 55.34% 57.41% 57.50%
0.00% 0.00% 0.04% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.08% 0.00%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02% 0.02% 0.02%
45.34% 45.34% 45.07% 45.10% 45.11% 45.10% 44.77% 44.76% 44.77% 44.64% 42.51% 42.48%
No. of Shareholders 15,80916,09415,48115,17514,47814,00113,79413,64513,36313,15412,73112,633

* 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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