Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dai-Ichi Karkaria Ltd is a below average quality company.
The key valuation ratios of Dai-Ichi Karkaria Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dai-Ichi Karkaria Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.8% | 23.3% | 23.6% | 9.5% | -7.7% | -6.8% | 35.3% | -9.4% | 14.9% | 13.1% | - |
| Value Creation Index ⓘ | 0.7 | 0.7 | 0.7 | -0.3 | -1.6 | -1.5 | 1.5 | -1.7 | 0.1 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 102 | 116 | 126 | 147 | 92.4 | 107 | 97.4 | 122 | 184 | 132 | 139 |
| Sales YoY Gr. | - | 13.8% | 8.3% | 16.6% | -37.1% | 16.1% | -9.1% | 25.1% | 51% | -28.5% | - |
| Adj EPS ⓘ | 9.8 | 19.5 | 18.1 | 15 | -15.7 | -30.2 | -10.7 | -27 | 12.7 | 1.4 | 1.3 |
| YoY Gr. | - | 97.9% | -6.9% | -17.3% | -204.5% | NA | NA | NA | NA | -88.7% | - |
| BVPS (₹) ⓘ | 116.1 | 133.4 | 173.9 | 186.4 | 166 | 132.4 | 199.4 | 173.8 | 198.6 | 215.9 | 213 |
| Adj Net Profit ⓘ | 7.3 | 14.5 | 13.5 | 11.2 | -11.7 | -22.5 | -8 | -20.1 | 9.5 | 1.1 | 1 |
| Cash Flow from Ops. ⓘ | 1.5 | 6.7 | 2.6 | -7.7 | 6.2 | 1 | -21.5 | -3.4 | 23.2 | 7.6 | - |
| Debt/CF from Ops. ⓘ | 0.7 | 0.2 | 1.5 | -9.9 | 16.7 | 112.8 | -0.9 | -6.4 | 1.7 | 2.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.8% | 7.3% | 10.5% | -28.5% | ||||
| Adj EPS ⓘ | -19.2% | NA | NA | -88.7% | ||||
| BVPSⓘ | 7.1% | 5.4% | 2.7% | 8.8% | ||||
| Share Price | 11% | 5.4% | 3.2% | -2.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.8 | 15 | 11.6 | 8.3 | -8.9 | -20.3 | -6.5 | -14.5 | 6.8 | 0.7 | 0.6 |
| Op. Profit Mgn % ⓘ | 8.2 | 12.8 | 13.9 | 10.4 | -10.6 | -4.3 | -13.9 | -15.1 | 8.8 | 4.9 | 6.4 |
| Net Profit Mgn % ⓘ | 7.2 | 12.5 | 10.7 | 7.6 | -12.6 | -21 | -8.2 | -16.5 | 5.2 | 0.8 | 0.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0.6 | 0.8 | 1.1 | 0.1 | 0.2 | 0.3 | 0.1 | 0 |
| Working Cap Days ⓘ | 160 | 185 | 171 | 226 | 455 | 369 | 442 | 351 | 181 | 178 | 75 |
| Cash Conv. Cycle ⓘ | 65 | 51 | 50 | 56 | 85 | 47 | 57 | 39 | 22 | 54 | 22 |
Return on Equity has increased versus last 3 years average to 0.60%
Sales growth is growing at healthy rate in last 3 years 10.54%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -5.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.3 | 3.2 |
| TTM Sales (₹ Cr.) | 139 | 139 |
| BVPS (₹.) ⓘ | 213 | 240.9 |
| Reserves (₹ Cr.) ⓘ | 151 | 172 |
| P/BV ⓘ | 1.85 | 1.64 |
| PE ⓘ | 309.81 | 122.63 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 365.00 / 799.20 |
| All Time Low / High (₹) | 5.50 / 799.20 |
| Market Cap (₹ Cr.) | 294 |
| Equity (₹ Cr.) | 7.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 116 | 126 | 147 | 92 | 107 | 97 | 122 | 184 | 132 |
| Operating Expenses ⓘ | 94 | 101 | 109 | 132 | 103 | 112 | 111 | 140 | 168 | 125 |
| Manufacturing Costs | 6 | 6 | 8 | 10 | 11 | 12 | 17 | 17 | 15 | 15 |
| Material Costs | 67 | 72 | 76 | 95 | 63 | 72 | 67 | 89 | 118 | 79 |
| Employee Cost | 12 | 13 | 14 | 15 | 17 | 16 | 15 | 15 | 16 | 20 |
| Other Costs ⓘ | 8 | 10 | 10 | 12 | 12 | 13 | 12 | 19 | 19 | 12 |
| Operating Profit ⓘ | 8 | 15 | 17 | 15 | -11 | -5 | -14 | -18 | 16 | 6 |
| Operating Profit Margin (%) | 8.2% | 12.8% | 13.9% | 10.4% | -11.7% | -4.7% | -13.9% | -15.1% | 8.6% | 4.8% |
| Other Income ⓘ | 8 | 9 | 12 | 6 | 3 | 4 | 6 | 6 | 6 | 6 |
| Interest ⓘ | 0 | 1 | 0 | 0 | 7 | 10 | 9 | 1 | 3 | 3 |
| Depreciation ⓘ | 4 | 2 | 2 | 4 | 8 | 9 | 9 | 7 | 7 | 9 |
| Exceptional Items ⓘ | 7 | 0 | 0 | 0 | -1 | -4 | 82 | 4 | 10 | 21 |
| Profit Before Tax ⓘ | 19 | 21 | 27 | 16 | -24 | -25 | 57 | -17 | 22 | 21 |
| Tax ⓘ | 4 | 6 | 7 | 4 | -12 | 0 | 7 | 0 | 4 | 5 |
| Profit After Tax | 15 | 16 | 21 | 12 | -13 | -25 | 50 | -17 | 18 | 16 |
| PAT Margin (%) | 14.5% | 13.4% | 16.6% | 8.2% | -13.7% | -23.3% | 51.1% | -13.6% | 10.0% | 12.1% |
| Adjusted EPS (₹) | 19.8 | 20.9 | 28.0 | 16.1 | -17.0 | -33.5 | 66.8 | -22.3 | 24.8 | 21.4 |
| Dividend Payout Ratio (%) | 13% | 14% | 11% | 16% | 0% | 0% | 4% | 0% | 16% | 9% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 90 | 103 | 130 | 139 | 124 | 99 | 149 | 129 | 148 | 161 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves ⓘ | 83 | 96 | 122 | 131 | 116 | 91 | 141 | 122 | 140 | 153 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1 | 1 | 4 | 70 | 87 | 91 | 20 | 22 | 34 | 18 |
| Long Term Debt | 1 | 1 | 4 | 60 | 73 | 68 | 0 | 4 | 17 | 1 |
| Short Term Debt | 0 | 0 | 0 | 10 | 14 | 24 | 20 | 18 | 16 | 17 |
| Trade Payables | 10 | 10 | 14 | 22 | 22 | 29 | 39 | 30 | 28 | 16 |
| Others Liabilities ⓘ | 27 | 30 | 11 | 61 | 54 | 55 | 43 | 45 | 9 | 5 |
| Total Liabilities ⓘ | 128 | 144 | 159 | 292 | 287 | 274 | 250 | 226 | 219 | 200 |
Fixed Assets | ||||||||||
| Gross Block | 57 | 61 | 22 | 100 | 179 | 177 | 132 | 140 | 178 | 179 |
| Accumulated Depreciation | 43 | 45 | 2 | 7 | 15 | 24 | 28 | 34 | 39 | 47 |
| Net Fixed Assetsⓘ | 14 | 16 | 20 | 94 | 164 | 153 | 105 | 105 | 139 | 132 |
| CWIP ⓘ | 6 | 14 | 32 | 43 | 5 | 3 | 0 | 2 | 0 | 2 |
| Investmentsⓘ | 42 | 40 | 44 | 21 | 5 | 2 | 5 | 1 | 1 | 1 |
| Inventories | 12 | 12 | 16 | 19 | 17 | 20 | 24 | 23 | 19 | 17 |
| Trade Receivables | 18 | 18 | 21 | 30 | 17 | 20 | 24 | 18 | 27 | 22 |
| Cash Equivalents | 7 | 7 | 5 | 7 | 8 | 4 | 15 | 6 | 8 | 6 |
| Others Assetsⓘ | 29 | 37 | 21 | 77 | 72 | 72 | 77 | 72 | 24 | 20 |
| Total Assets ⓘ | 128 | 144 | 159 | 292 | 287 | 274 | 250 | 226 | 219 | 200 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 7 | 3 | -8 | 6 | 1 | -22 | -3 | 23 | 8 |
| PBT ⓘ | 19 | 21 | 27 | 16 | -24 | -25 | 57 | -17 | 22 | 21 |
| Adjustment ⓘ | -11 | -6 | -9 | 1 | 15 | 21 | -68 | 11 | 4 | -12 |
| Changes in Working Capital ⓘ | -2 | -3 | -9 | -22 | 16 | 4 | -3 | 2 | -2 | -1 |
| Tax Paid ⓘ | -5 | -6 | -7 | -4 | 0 | 1 | -8 | 0 | -1 | 0 |
| Cash Flow From Investing Activity ⓘ | 2 | -3 | -7 | -57 | -21 | 1 | 130 | -4 | -33 | 18 |
| Capex | -2 | -12 | -22 | -82 | -38 | -2 | 130 | -11 | -33 | -5 |
| Net Investments | -2 | 2 | 8 | 23 | 16 | 3 | -4 | 4 | 0 | 0 |
| Others ⓘ | 6 | 6 | 8 | 2 | 1 | 0 | 3 | 3 | 0 | 24 |
| Cash Flow From Financing Activityⓘ | -2 | -5 | 2 | 66 | 16 | -6 | -97 | -2 | 13 | -25 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 3 | 63 | 23 | -5 | -20 | 4 | 13 | -16 |
| Interest Paid ⓘ | 0 | 0 | -1 | -4 | -9 | -10 | -9 | -1 | -3 | -3 |
| Dividend Paid ⓘ | -2 | -4 | 0 | -3 | -2 | 0 | 0 | -2 | 0 | -3 |
| Others ⓘ | 0 | -1 | 0 | 10 | 4 | 10 | -68 | -3 | 3 | -3 |
| Net Cash Flow ⓘ | 1 | -1 | -2 | 2 | 2 | -4 | 11 | -10 | 4 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.42 | 16.76 | 18.24 | 8.93 | -9.62 | -22.44 | 40.28 | -11.93 | 13.32 | 10.34 |
| ROCE (%) | 23.8 | 23.27 | 23.55 | 9.49 | -7.73 | -6.77 | 35.34 | -9.43 | 14.91 | 13.07 |
| Asset Turnover Ratio | 0.99 | 0.92 | 0.88 | 0.66 | 0.32 | 0.38 | 0.37 | 0.52 | 0.82 | 0.63 |
| PAT to CFO Conversion(x) | 0.07 | 0.44 | 0.14 | -0.67 | N/A | N/A | -0.44 | N/A | 1.28 | 0.5 | Working Capital Days |
| Receivable Days | 63 | 53 | 53 | 62 | 92 | 63 | 82 | 61 | 44 | 68 |
| Inventory Days | 36 | 35 | 39 | 44 | 71 | 63 | 84 | 70 | 42 | 49 |
| Payable Days | 48 | 51 | 58 | 69 | 126 | 130 | 183 | 140 | 89 | 103 |
Dai-Ichi Karkaria Ltd. (DIKL) was set up in 1960 as a private limited company for the manufacture of speciality chemicals and commenced its commercial production in 1963, in technical collaboration with the world renowned Dai-Ichi Kogyo Seiyaku Co. Ltd., Japan.
The company has access to relevant and innovative technology, together with 42 years of experience in the development and manufacture of high performance specialty chemicals for different applications.
The company has built a reputation on innovation & quality. Consistent quality standards are maintained and upgraded continuously in line with customer expectations. Continuing the tradition established by its Chairman Dhunjishaw Neterwala, the company promotes and supports the highest standards of integrity and social responsibility to their employees and the environment.Dai-Ichi's integrated Research & Development and marketing teams work across multiple industrial applications, bringing the strength of the company's technical resources, to deliver performance solutions to its clients.
The company's experience backed by a wide knowledge of chemistry and various applications, allows it to resolve various process problems through innovative solutions. Dai-Ichi's reputation, built on batch-to-batch consistencies in quality, is maintained through standards that are never lowered. A strong alliance with the world-renowned Dai-Ichi Kogyo Seiyaku Co. Ltd., Japan has equipped the company with complementary skills in technology & product development, giving it a competitive edge over the others.
Dai-Ichi is committed to contribute to the specialty chemicals industry as a long-term player and pioneer of value-added technologies in the country.
The company has partnerships & alliances with :
Product range of the company includes:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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