Dynemic Products Ltd

Dynemic Products is engaged in one of the largest global manufacturer & exporter of food colours in the world, offering wide range of Food Colours, Lake Colours, Blended Colours,US-FDA certified FD&C Colours & Dye Intermediates from India.

Pros:
Cons:
The company has delivered a poor growth of 7.46% over past five years.
Company might be capitalizing the interest cost

Peer Comparison Sector: Chemicals // Industry: Dyes And Pigments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
30.51 43.55 36.42 37.57 45.69 44.59 37.82 39.54 40.06 49.20 46.75 45.58
23.94 36.67 30.45 29.19 36.64 36.84 31.16 32.74 32.70 40.30 37.52 36.11
Operating Profit 6.57 6.88 5.97 8.38 9.05 7.75 6.66 6.80 7.36 8.90 9.23 9.47
OPM % 21.53% 15.80% 16.39% 22.31% 19.81% 17.38% 17.61% 17.20% 18.37% 18.09% 19.74% 20.78%
Other Income 0.03 0.09 0.06 0.03 0.03 0.13 0.02 0.04 0.02 0.11 0.15 0.26
Interest 0.38 0.36 0.39 0.26 0.21 0.33 0.31 0.24 0.25 0.36 0.44 0.40
Depreciation 0.80 0.81 0.81 0.84 0.84 0.83 0.83 0.85 0.84 0.83 0.84 0.86
Profit before tax 5.42 5.80 4.83 7.31 8.03 6.72 5.54 5.75 6.29 7.82 8.10 8.47
Tax % 33.03% 33.79% 34.99% 37.07% 32.38% 35.57% 34.84% 25.04% 29.57% 28.39% 29.63% 35.42%
Net Profit 3.62 3.84 3.13 4.60 5.42 4.33 3.61 4.31 4.43 5.61 5.70 5.47
EPS in Rs 3.19 3.39 2.65 4.06 4.78 3.77 3.19 3.80 3.91 4.78 5.03 4.83
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
36.57 49.11 62.90 64.96 82.93 85.76 116.28 128.35 129.07 128.61 164.28 166.61 181.59
32.55 44.07 53.38 54.16 71.93 76.27 97.46 110.54 112.34 103.34 133.07 136.89 146.63
Operating Profit 4.02 5.04 9.52 10.80 11.00 9.49 18.82 17.81 16.73 25.27 31.21 29.72 34.96
OPM % 10.99% 10.26% 15.14% 16.63% 13.26% 11.07% 16.19% 13.88% 12.96% 19.65% 19.00% 17.84% 19.25%
Other Income 0.08 0.56 1.22 0.41 0.22 0.50 0.18 0.28 -0.02 0.00 0.20 0.20 0.54
Interest 0.50 1.46 1.77 1.24 1.60 1.56 1.37 2.25 2.09 1.50 1.19 1.17 1.45
Depreciation 0.51 0.96 1.45 1.50 1.63 1.75 1.81 3.02 3.14 3.17 3.32 3.35 3.37
Profit before tax 3.09 3.18 7.52 8.47 7.99 6.68 15.82 12.82 11.48 20.60 26.90 25.40 30.68
Tax % 40.13% 40.25% 35.51% 32.59% 33.67% 35.18% 35.40% 27.07% 34.49% 34.51% 34.94% 29.29%
Net Profit 1.85 1.90 4.85 5.71 5.30 4.33 10.23 9.34 7.52 13.49 17.51 17.96 21.21
EPS in Rs 1.47 1.51 4.06 4.79 4.47 3.60 8.78 8.25 6.64 11.91 15.45 15.85 18.55
Dividend Payout % 61.24% 59.63% 30.37% 29.76% 27.79% 34.02% 16.61% 0.00% 22.60% 12.60% 9.71% 9.46%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.99%
5 Years:7.46%
3 Years:8.88%
TTM:8.32%
Compounded Profit Growth
10 Years:23.25%
5 Years:11.65%
3 Years:33.49%
TTM:20.03%
Stock Price CAGR
10 Years:23.36%
5 Years:7.32%
3 Years:-3.94%
1 Year:-0.30%
Return on Equity
10 Years:17.61%
5 Years:17.98%
3 Years:19.40%
Last Year:18.05%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
11.33 11.33 11.33 11.33 11.33 11.33 11.33 11.33 11.33 11.33 11.33 11.33 11.33
Reserves 15.75 16.32 19.39 23.12 26.71 29.32 37.56 46.53 52.00 64.93 80.31 96.03 105.15
Borrowings 8.79 15.17 17.34 15.23 21.64 21.50 27.67 35.62 32.71 25.48 25.08 31.43 45.96
7.30 8.31 10.53 14.69 15.56 14.77 21.31 17.94 14.46 17.02 22.32 18.71 17.14
Total Liabilities 43.17 51.13 58.59 64.37 75.24 76.92 97.87 111.42 110.50 118.76 139.04 157.50 179.58
13.59 26.11 29.51 30.58 31.78 32.21 31.39 34.29 34.00 34.48 34.73 38.07 36.83
CWIP 8.08 4.62 0.00 0.00 0.00 0.00 9.27 9.18 9.44 9.82 14.25 24.88 35.75
Investments 2.64 2.53 2.39 4.18 3.69 3.88 3.76 1.68 1.45 1.41 1.36 1.36 1.36
18.86 17.87 26.69 29.61 39.77 40.83 53.45 66.27 65.61 73.05 88.70 93.19 105.64
Total Assets 43.17 51.13 58.59 64.37 75.24 76.92 97.87 111.42 110.50 118.76 139.04 157.50 179.58

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
2.30 6.54 0.96 7.20 1.26 5.68 7.60 0.72 9.91 11.88 10.24 13.31
-4.71 -10.10 0.20 -4.17 -2.31 -2.05 -9.60 -3.93 -2.77 -3.05 -6.73 -16.61
1.68 3.60 -0.93 -3.01 0.76 -3.45 2.34 3.41 -6.52 -8.99 -3.60 3.12
Net Cash Flow -0.73 0.04 0.23 0.02 -0.29 0.18 0.34 0.21 0.61 -0.16 -0.09 -0.19

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 13.09% 13.11% 20.31% 19.91% 17.68% 13.90% 25.06% 17.74% 14.36% 22.56% 25.76% 20.80%
Debtor Days 60.98 54.40 74.51 70.12 61.40 57.29 62.40 61.82 73.21 79.47 72.16 91.22
Inventory Turnover 6.55 7.91 9.74 9.09 7.56 5.53 7.04 6.39 5.93 6.12 6.70 6.16