Past 10 year's financial track record analysis by Moneyworks4me indicates that DMCC Speciality Chemicals Ltd is a good quality company.
The key valuation ratios of DMCC Speciality Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of DMCC Speciality Chemicals Ltd is likely to Rise-somewhat 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 % ⓘ | 30.9% | 24.4% | 35.2% | 20.9% | 42.5% | 18.2% | 19.3% | 15.7% | 7.2% | 10.4% | - |
| Value Creation Index ⓘ | 1.2 | 0.7 | 1.5 | 0.5 | 2.0 | 0.3 | 0.4 | 0.1 | -0.5 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 120 | 108 | 175 | 178 | 227 | 188 | 200 | 326 | 387 | 328 | 352 |
| Sales YoY Gr. | - | -10.4% | 62.8% | 1.6% | 27.9% | -17.5% | 6.6% | 63.1% | 18.5% | -15.2% | - |
| Adj EPS ⓘ | 7.2 | 5.6 | 6.9 | 4.9 | 18.5 | 12.8 | 13.2 | 8.7 | 3.3 | 2.4 | 5.3 |
| YoY Gr. | - | -21.3% | 22.4% | -28.5% | 274.2% | -30.9% | 3.5% | -34.3% | -62.1% | -27.7% | - |
| BVPS (₹) ⓘ | 10.3 | 15.9 | 23.9 | 29.1 | 46.3 | 58 | 69.3 | 77.5 | 79.4 | 83.9 | 85.4 |
| Adj Net Profit ⓘ | 15.2 | 12 | 17.2 | 12.3 | 46 | 31.8 | 32.9 | 21.6 | 8.2 | 5.9 | 13 |
| Cash Flow from Ops. ⓘ | 22 | 17.1 | 29 | 18.3 | 20.8 | 27 | 32.2 | 51.2 | 30 | 38.3 | - |
| Debt/CF from Ops. ⓘ | 1.2 | 1.1 | 1 | 1.4 | 1 | 0.9 | 1.1 | 1.8 | 3.4 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.8% | 7.6% | 17.9% | -15.2% | ||||
| Adj EPS ⓘ | -11.5% | -33.6% | -43.5% | -27.7% | ||||
| BVPSⓘ | 26.3% | 12.6% | 6.6% | 5.7% | ||||
| Share Price | 29.8% | 22.2% | -3.4% | -3.4% | ||||
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 % ⓘ | 63.6 | 32.6 | 33.6 | 18.6 | 48.9 | 24.5 | 20.7 | 11.8 | 4.2 | 2.9 | 6.3 |
| Op. Profit Mgn % ⓘ | 15.7 | 14.5 | 17 | 12.8 | 23.5 | 15.1 | 18 | 12.7 | 10.1 | 11.2 | 11 |
| Net Profit Mgn % ⓘ | 12.7 | 11.1 | 9.8 | 6.9 | 20.2 | 17 | 16.5 | 6.6 | 2.1 | 1.8 | 3.8 |
| Debt to Equity ⓘ | 0.8 | 0.4 | 0.5 | 0.3 | 0.2 | 0.2 | 0.2 | 0.5 | 0.5 | 0.4 | 0.2 |
| Working Cap Days ⓘ | 110 | 113 | 86 | 115 | 112 | 166 | 158 | 118 | 124 | 141 | 60 |
| Cash Conv. Cycle ⓘ | 14 | 22 | -5 | -4 | 16 | 54 | 54 | 24 | 12 | 11 | 5 |
Sales growth is growing at healthy rate in last 3 years 17.90%
Return on Equity has declined versus last 3 years average to 6.30%
Net Profit has been subdued in last 3 years -43.51%
Sales growth is not so good in last 4 quarters at 8.23%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.3 | 5.3 |
| TTM Sales (₹ Cr.) | 352 | 353 |
| BVPS (₹.) ⓘ | 85.4 | 85.6 |
| Reserves (₹ Cr.) ⓘ | 188 | 188 |
| P/BV ⓘ | 3.35 | 3.35 |
| PE ⓘ | 53.83 | 53.82 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 245.00 / 378.90 |
| All Time Low / High (₹) | 3.56 / 478.85 |
| Market Cap (₹ Cr.) | 714 |
| Equity (₹ Cr.) | 24.9 |
| 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 | 120 | 108 | 175 | 178 | 227 | 188 | 200 | 326 | 387 | 328 |
| Operating Expenses ⓘ | 102 | 92 | 146 | 155 | 174 | 160 | 165 | 286 | 351 | 292 |
| Manufacturing Costs | 13 | 14 | 17 | 19 | 27 | 28 | 31 | 33 | 37 | 27 |
| Material Costs | 71 | 54 | 101 | 103 | 114 | 89 | 90 | 195 | 247 | 199 |
| Employee Cost | 6 | 8 | 13 | 14 | 13 | 17 | 17 | 20 | 24 | 24 |
| Other Costs ⓘ | 11 | 16 | 15 | 19 | 21 | 26 | 27 | 37 | 43 | 41 |
| Operating Profit ⓘ | 19 | 16 | 30 | 23 | 53 | 28 | 35 | 41 | 36 | 36 |
| Operating Profit Margin (%) | 15.4% | 14.5% | 16.9% | 12.8% | 23.5% | 14.8% | 17.7% | 12.5% | 9.3% | 11.1% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 1 | 6 | 8 | 6 | 3 | 10 |
| Interest ⓘ | 2 | 1 | 5 | 4 | 3 | 2 | 2 | 5 | 11 | 14 |
| Depreciation ⓘ | 2 | 2 | 4 | 4 | 5 | 6 | 7 | 8 | 18 | 16 |
| Exceptional Items ⓘ | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 14 | 13 | 21 | 16 | 47 | 26 | 34 | 34 | 11 | 17 |
| Tax ⓘ | 0 | 1 | 4 | 3 | 1 | -6 | 1 | 13 | 4 | 6 |
| Profit After Tax | 14 | 12 | 17 | 12 | 46 | 31 | 33 | 21 | 7 | 12 |
| PAT Margin (%) | 11.6% | 11.1% | 9.7% | 6.9% | 20.2% | 16.8% | 16.3% | 6.5% | 1.8% | 3.5% |
| Adjusted EPS (₹) | 6.6 | 5.6 | 6.8 | 4.9 | 18.5 | 12.6 | 13.1 | 8.6 | 2.8 | 4.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 10% | 3% | 0% | 15% | 12% | 0% | 22% |
| 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 | 31 | 43 | 60 | 73 | 116 | 145 | 173 | 193 | 198 | 209 |
| Share Capital ⓘ | 30 | 30 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves ⓘ | 1 | 13 | 35 | 48 | 91 | 120 | 148 | 168 | 173 | 184 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 24 | 15 | 27 | 21 | 19 | 18 | 27 | 78 | 81 | 65 |
| Long Term Debt | 24 | 15 | 16 | 21 | 16 | 17 | 19 | 60 | 68 | 58 |
| Short Term Debt | 0 | 0 | 10 | 0 | 2 | 0 | 8 | 18 | 14 | 7 |
| Trade Payables | 15 | 17 | 36 | 32 | 25 | 17 | 29 | 70 | 82 | 65 |
| Others Liabilities ⓘ | -8 | -7 | 27 | 31 | 29 | 32 | 12 | 25 | 24 | 25 |
| Total Liabilities ⓘ | 62 | 68 | 149 | 156 | 188 | 212 | 240 | 366 | 385 | 364 |
Fixed Assets | ||||||||||
| Gross Block | 104 | 107 | 95 | 103 | 119 | 128 | 140 | 214 | 285 | 310 |
| Accumulated Depreciation | 72 | 74 | 12 | 16 | 20 | 26 | 32 | 40 | 56 | 72 |
| Net Fixed Assetsⓘ | 32 | 33 | 83 | 87 | 99 | 102 | 108 | 174 | 230 | 238 |
| CWIP ⓘ | 1 | 5 | 3 | 3 | 1 | 9 | 38 | 63 | 11 | 6 |
| Investmentsⓘ | 0 | 0 | 2 | 4 | 3 | 3 | 1 | 1 | 1 | 1 |
| Inventories | 12 | 15 | 17 | 21 | 25 | 28 | 37 | 42 | 53 | 44 |
| Trade Receivables | 14 | 13 | 21 | 22 | 30 | 25 | 32 | 50 | 52 | 46 |
| Cash Equivalents | 3 | 3 | 5 | 4 | 4 | 9 | 5 | 3 | 2 | 3 |
| Others Assetsⓘ | -1 | -2 | 18 | 15 | 26 | 37 | 20 | 35 | 37 | 27 |
| Total Assets ⓘ | 62 | 68 | 149 | 156 | 188 | 212 | 240 | 366 | 385 | 364 |
| 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 ⓘ | 22 | 17 | 29 | 18 | 21 | 27 | 32 | 51 | 30 | 38 |
| PBT ⓘ | 14 | 13 | 21 | 16 | 47 | 26 | 34 | 34 | 11 | 17 |
| Adjustment ⓘ | 4 | 3 | 9 | 8 | 7 | 9 | 9 | 13 | 30 | 21 |
| Changes in Working Capital ⓘ | 4 | 2 | 4 | -2 | -24 | -2 | -7 | 11 | -7 | 2 |
| Tax Paid ⓘ | 0 | -1 | -5 | -3 | -9 | -6 | -3 | -7 | -3 | -2 |
| Cash Flow From Investing Activity ⓘ | -1 | -8 | -8 | -9 | -13 | -17 | -40 | -98 | -21 | -10 |
| Capex | -2 | -3 | -7 | -8 | -14 | -17 | -42 | -99 | -22 | -19 |
| Net Investments | 0 | 0 | -2 | -2 | 1 | 0 | 2 | 0 | 1 | 8 |
| Others ⓘ | 0 | -4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -19 | -10 | -19 | -9 | -8 | -6 | 3 | 45 | -10 | -27 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -16 | 5 | -2 | -1 | 2 | 10 | 7 | -7 |
| Interest Paid ⓘ | -2 | -1 | -5 | -4 | -3 | -2 | -2 | -5 | -11 | -14 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | -3 | -3 | -4 | -1 | -2 | 0 |
| Others ⓘ | -17 | -8 | -4 | -10 | 0 | 0 | 7 | 41 | -4 | -6 |
| Net Cash Flow ⓘ | 2 | 0 | 2 | 0 | 0 | 5 | -4 | -2 | -1 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 92.68 | 42.97 | 36.39 | 18.53 | 48.97 | 24.21 | 20.51 | 11.67 | 3.51 | 5.69 |
| ROCE (%) | 30.92 | 24.41 | 35.19 | 20.91 | 42.53 | 18.2 | 19.32 | 15.66 | 7.21 | 10.4 |
| Asset Turnover Ratio | 1.9 | 1.66 | 1.75 | 1.18 | 1.32 | 0.94 | 0.91 | 1.1 | 1.05 | 0.89 |
| PAT to CFO Conversion(x) | 1.57 | 1.42 | 1.71 | 1.5 | 0.46 | 0.87 | 0.97 | 2.43 | 4.29 | 3.17 | Working Capital Days |
| Receivable Days | 45 | 46 | 33 | 44 | 42 | 53 | 50 | 45 | 47 | 53 |
| Inventory Days | 29 | 46 | 31 | 38 | 37 | 51 | 58 | 43 | 44 | 53 |
| Payable Days | 84 | 108 | 95 | 120 | 91 | 84 | 92 | 92 | 112 | 134 |
Dharamsi Morarji Chemical Company (DMCC) established in 1919 is a company with innovative products and focus on specialty chemicals and agri-inputs. DMCC offers customized products and thoughtful solutions to their global customers. They take pride in maintaining healthy relationship with the environment. They extend their responsibility to the society and focus on sustainable development. The Dharamsi Morarji Chemical Co. has a record of always venturing away from the beaten track to blaze new trails. New situations present new challenges; new problems are not answered by old solutions. One of the most encouraging results of this approach to business is the development of innovative technologies to minimize effluent generation and recycle byproducts into the basic chemical manufacturing process.
With such a track record and quality culture, DMCC has earned the coveted ISO 9001-2000 certification from BVQI to research and development and operations at Roha and Ambernath plants for innovative research and excellence in production methodologies respectively. DMCC is seeking greater involvement with 'Responsible Care', an initiative towards greater environmental concern by industry.
With over 85 years’ experience spanning many sectors of the chemical industry, DMCC has been at the forefront of offering innovative solutions to customers. It has a leading presence in India and the world market for its products, a fact reflected in export awards. DMCC has an established strong foothold in the discerning global markets which results not only from an expanded sales presence but also from deep sense of commitment to its customer’s success.
Product range of the company includes:
Speciality Chemicals:
Bulk Chemicals:
Fertilizers & Agri-Business:
Achievements/ recognition:
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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.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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