Dynamatic Technologies Ltd

Dynamatic Technologies Ltd

₹ 7,759 -7.32%
24 May - close price
About

Incorporated in 1973, DTL is into manufacturing of hydraulic gear pumps and automotive turbochargers. They serve clients across Aerospace, automotive and hydraulic industries.
DTL has manufacturing facilities in Europe and India serving customers across 6 continents.[1] [2]

Key Points

Market Position
DTL is one of the world's largest manufacturers of hydraulic gear pumps and automotive turbochargers. The co. has ~75% in the Indian OEM tractor market and about 35% in the global tractor market. [1]

  • Market Cap 5,269 Cr.
  • Current Price 7,759
  • High / Low 9,083 / 3,210
  • Stock P/E 79.3
  • Book Value 927
  • Dividend Yield 0.13 %
  • ROCE 10.4 %
  • ROE 9.22 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 8.37 times its book value
  • The company has delivered a poor sales growth of -0.08% over past five years.
  • Company has a low return on equity of 2.99% over last 3 years.
  • Earnings include an other income of Rs.61.8 Cr.
  • Dividend payout has been low at 3.70% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -6.91%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
310 353 320 304 308 321 311 324 313 368 363 351 346
276 316 284 266 265 273 269 276 271 318 326 312 305
Operating Profit 34 37 37 38 43 48 42 48 42 49 37 39 41
OPM % 11% 11% 11% 12% 14% 15% 14% 15% 13% 13% 10% 11% 12%
3 2 1 -12 0 5 1 1 1 7 38 8 9
Interest 16 17 15 14 13 17 15 17 19 15 13 16 16
Depreciation 19 22 18 20 20 20 18 19 17 17 16 16 17
Profit before tax 2 1 5 -7 10 17 10 13 7 25 46 15 16
Tax % 48% 917% 50% -40% 23% 10% 16% 25% 2% 30% 10% 20% 30%
1 -8 3 -10 8 15 8 10 7 18 41 12 11
EPS in Rs 1.80 -12.24 3.97 -15.91 12.65 23.69 12.88 15.83 11.07 27.69 65.22 19.08 17.72
Raw PDF
Upcoming result date: 28 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,505 1,450 1,584 1,626 1,490 1,506 1,321 1,500 1,230 1,118 1,253 1,316 1,427
1,363 1,312 1,418 1,471 1,346 1,339 1,190 1,326 1,071 991 1,081 1,132 1,261
Operating Profit 142 138 166 155 144 167 131 174 159 127 172 184 166
OPM % 9% 10% 10% 10% 10% 11% 10% 12% 13% 11% 14% 14% 12%
8 5 14 29 5 1 5 7 18 6 -8 10 62
Interest 71 85 103 83 75 80 76 81 83 72 62 68 60
Depreciation 43 46 51 51 52 53 47 49 80 78 77 70 66
Profit before tax 35 12 26 50 21 36 13 50 14 -16 25 55 102
Tax % 30% 197% 47% 43% 41% 45% 94% 45% -184% -34% 38% 23%
25 -12 14 29 12 20 1 27 39 -22 15 43 82
EPS in Rs 45.51 -21.50 24.86 45.18 19.36 30.94 1.14 43.32 61.60 -34.49 24.40 67.48 129.71
Dividend Payout % 18% 0% 0% 0% 0% 0% 0% 5% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: -1%
5 Years: 0%
3 Years: 2%
TTM: 12%
Compounded Profit Growth
10 Years: 19%
5 Years: 130%
3 Years: 3%
TTM: 65%
Stock Price CAGR
10 Years: 23%
5 Years: 39%
3 Years: 82%
1 Year: 135%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 3%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5 5 6 6 6 6 6 6 6 6 6 7 7
Reserves 135 116 138 245 251 292 308 319 367 362 375 535 581
738 669 592 516 596 680 710 659 743 744 687 754 642
398 423 425 382 329 350 395 401 375 316 318 373 300
Total Liabilities 1,276 1,213 1,159 1,150 1,182 1,329 1,419 1,385 1,491 1,429 1,387 1,669 1,530
622 661 687 644 627 759 793 644 826 708 685 682 679
CWIP 109 76 3 4 29 24 8 6 3 3 15 79 95
Investments 0 0 0 0 0 1 1 0 0 0 0 0 0
545 476 470 502 527 545 617 735 661 717 686 908 756
Total Assets 1,276 1,213 1,159 1,150 1,182 1,329 1,419 1,385 1,491 1,429 1,387 1,669 1,530

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
128 239 174 116 43 118 88 124 226 121 107 131
-315 -60 -14 57 -46 -91 -62 2 -52 -7 9 -83
196 -144 -177 -137 -10 -25 -48 -128 -155 -132 -137 72
Net Cash Flow 9 35 -16 36 -13 2 -22 -3 19 -18 -21 121

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 60 37 23 25 30 36 51 56 70 65 61 71
Inventory Days 76 88 93 88 111 104 154 134 162 149 152 173
Days Payable 90 106 115 106 105 107 143 132 168 136 130 133
Cash Conversion Cycle 45 18 2 7 37 34 62 58 64 78 83 112
Working Capital Days 19 -21 -23 -16 7 22 35 43 55 114 99 110
ROCE % 16% 11% 15% 15% 12% 13% 9% 13% 9% 5% 9% 10%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.78% 44.84% 44.84% 44.84% 44.84% 44.83% 44.83% 41.87% 41.87% 41.87% 41.87% 41.87%
11.60% 11.10% 10.78% 10.88% 11.03% 11.09% 11.31% 16.76% 16.59% 16.67% 16.77% 16.51%
7.04% 6.90% 6.86% 6.85% 6.84% 9.71% 9.56% 10.03% 10.50% 11.02% 11.42% 11.41%
32.59% 37.16% 37.53% 37.43% 37.30% 34.36% 34.30% 31.35% 31.04% 30.44% 29.95% 30.22%
No. of Shareholders 11,07415,12714,73614,37214,92614,61214,22313,29712,80513,22113,10615,845

* 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.

Click on the line-items to see the names of individual entities.

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