BSE: 524818 | NSE: | Dyes & Pigments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dynamic Industries Ltd is a below average quality company.
The key valuation ratios of Dynamic Industries 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 Weak which suggest that the price of Dynamic Industries 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 % ⓘ | 19.3% | 10.3% | 9.1% | 10.4% | 12.8% | 4% | 1.6% | 4.5% | 3.5% | -0.1% | - |
| Value Creation Index ⓘ | 0.4 | -0.3 | -0.4 | -0.3 | -0.1 | -0.7 | -0.9 | -0.7 | -0.8 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 69.1 | 36.5 | 46.3 | 58.4 | 65.3 | 56.3 | 35.2 | 53.8 | 45.6 | 36.1 | 59 |
| Sales YoY Gr. | - | -47.2% | 26.9% | 26.3% | 11.7% | -13.8% | -37.5% | 52.8% | -15.1% | -20.8% | - |
| Adj EPS ⓘ | 8.8 | 6 | 6 | 9.4 | 12.7 | 2.7 | 1.2 | 4.2 | 2 | -0.8 | 3.2 |
| YoY Gr. | - | -32.1% | 0.5% | 56.4% | 35.6% | -78.9% | -54.5% | 247.5% | -52.1% | -137.4% | - |
| BVPS (₹) ⓘ | 64.6 | 68.2 | 127.6 | 136.4 | 148 | 149.5 | 149.4 | 153.3 | 156.1 | 154.2 | 156.8 |
| Adj Net Profit ⓘ | 2.7 | 1.8 | 1.8 | 2.8 | 3.8 | 0.8 | 0.4 | 1.3 | 0.6 | -0.2 | 1 |
| Cash Flow from Ops. ⓘ | 11.7 | 5.5 | -2.4 | -1.2 | 8.7 | 3 | 2.3 | -0.7 | 8.2 | 1.3 | - |
| Debt/CF from Ops. ⓘ | 0.6 | 0.4 | -1.9 | -8.6 | 0.4 | 0.9 | 1.1 | -4.9 | 0.3 | 11.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -7% | -11.2% | 0.9% | -20.8% | ||||
| Adj EPS ⓘ | -176.2% | -157% | -185.4% | -137.4% | ||||
| BVPSⓘ | 10.2% | 0.8% | 1.1% | -1.2% | ||||
| Share Price | 10.8% | 19.4% | 15.2% | 73.4% | ||||
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 % ⓘ | 7.6 | 5 | 4.8 | 7.1 | 8.9 | 1.8 | 0.8 | 2.8 | 1.3 | -0.5 | 2 |
| Op. Profit Mgn % ⓘ | 9.8 | 7.8 | 8.2 | 9.3 | 9.7 | 4.1 | 3.7 | 4.4 | 3.6 | 3 | 5.9 |
| Net Profit Mgn % ⓘ | 3.8 | 5 | 3.9 | 4.9 | 5.9 | 1.4 | 1.1 | 2.4 | 1.4 | -0.6 | 1.6 |
| Debt to Equity ⓘ | 0.3 | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 |
| Working Cap Days ⓘ | 213 | 227 | 201 | 225 | 219 | 225 | 325 | 230 | 270 | 301 | 103 |
| Cash Conv. Cycle ⓘ | 78 | 127 | 112 | 128 | 124 | 136 | 205 | 135 | 127 | 137 | 43 |
Return on Equity has increased versus last 3 years average to 2.00%
Sales growth is good in last 4 quarters at 73.77%
Sales growth has been subdued in last 3 years 0.89%
Net Profit has been subdued in last 3 years -185.41%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.2 | 10.1 |
| TTM Sales (₹ Cr.) | 59 | 58.5 |
| BVPS (₹.) ⓘ | 156.8 | 0 |
| Reserves (₹ Cr.) ⓘ | 44 | 38 |
| P/BV ⓘ | 0.75 | 0.00 |
| PE ⓘ | 37.37 | 11.67 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 64.00 / 124.20 |
| All Time Low / High (₹) | 1.00 / 142.00 |
| Market Cap (₹ Cr.) | 35.6 |
| Equity (₹ Cr.) | 3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.7 |
| 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 | 69.09 | 36.46 | 46.26 | 58.43 | 65.29 | 56.29 | 35.19 | 53.77 | 45.64 | 36.14 |
| Operating Expenses ⓘ | 62.51 | 33.61 | 42.53 | 53.03 | 58.99 | 54.01 | 33.90 | 51.40 | 44.27 | 35.33 |
| Manufacturing Costs | 5.36 | 4.24 | 5.12 | 6.59 | 5.82 | 4.52 | 3.11 | 4.56 | 4.76 | 5.28 |
| Material Costs | 51.51 | 24.89 | 32.03 | 40.12 | 46.03 | 43.78 | 26.81 | 40.88 | 33.78 | 24.61 |
| Employee Cost | 2.18 | 2.43 | 2.77 | 3.17 | 3.34 | 3.38 | 2.46 | 2.93 | 3.25 | 3.24 |
| Other Costs ⓘ | 3.47 | 2.05 | 2.61 | 3.15 | 3.80 | 2.34 | 1.51 | 3.02 | 2.47 | 2.19 |
| Operating Profit ⓘ | 6.57 | 2.85 | 3.73 | 5.40 | 6.30 | 2.28 | 1.29 | 2.37 | 1.38 | 0.81 |
| Operating Profit Margin (%) | 9.5% | 7.8% | 8.1% | 9.2% | 9.6% | 4.0% | 3.7% | 4.4% | 3.0% | 2.2% |
| Other Income ⓘ | 1.41 | 1.62 | 0.16 | 0.54 | 1.18 | 0.67 | 0.50 | 0.79 | 1.27 | 0.32 |
| Interest ⓘ | 1.79 | 0.47 | 0.48 | 0.66 | 0.74 | 0.42 | 0.32 | 0.28 | 0.18 | 0.36 |
| Depreciation ⓘ | 0.99 | 0.88 | 0.86 | 1 | 1.08 | 1.02 | 1.01 | 0.97 | 0.90 | 1.18 |
| Exceptional Items ⓘ | -1.27 | -1.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3.93 | 2.06 | 2.55 | 4.28 | 5.66 | 1.51 | 0.44 | 1.91 | 1.56 | -0.41 |
| Tax ⓘ | 1.68 | 0.78 | 0.79 | 1.28 | 1.59 | 0.49 | 0.05 | 0.50 | 0.42 | -0.11 |
| Profit After Tax | 2.25 | 1.28 | 1.77 | 3 | 4.07 | 1.01 | 0.39 | 1.41 | 1.14 | -0.30 |
| PAT Margin (%) | 3.3% | 3.5% | 3.8% | 5.1% | 6.2% | 1.8% | 1.1% | 2.6% | 2.5% | -0.8% |
| Adjusted EPS (₹) | 7.4 | 4.2 | 5.8 | 9.9 | 13.4 | 3.4 | 1.3 | 4.7 | 3.8 | -1.0 |
| Dividend Payout Ratio (%) | 13% | 24% | 17% | 15% | 11% | 45% | 77% | 21% | 27% | -51% |
| 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 | 35.97 | 36.89 | 38.65 | 41.31 | 44.82 | 45.28 | 45.25 | 46.44 | 47.27 | 46.70 |
| Share Capital ⓘ | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 |
| Reserves ⓘ | 32.95 | 33.86 | 35.62 | 38.28 | 41.80 | 42.25 | 42.22 | 43.41 | 44.24 | 43.67 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 6.37 | 2.20 | 4.39 | 9.69 | 2.77 | 2.15 | 1.92 | 3.09 | 2.36 | 14.39 |
| Long Term Debt | 0.69 | 0.44 | 0.25 | 2.27 | 1.56 | 1.03 | 0.69 | 0.05 | 0.20 | 10.46 |
| Short Term Debt | 5.68 | 1.76 | 4.14 | 7.41 | 1.21 | 1.12 | 1.23 | 3.04 | 2.15 | 3.94 |
| Trade Payables | 4.88 | 6.37 | 6.05 | 10.07 | 6.67 | 6.41 | 4.49 | 10.80 | 6.88 | 10.26 |
| Others Liabilities ⓘ | 2.77 | 2.54 | 5.38 | 6.50 | 8.05 | 5.04 | 5.61 | 5.88 | 5.75 | 2.40 |
| Total Liabilities ⓘ | 49.99 | 48 | 54.47 | 67.57 | 62.31 | 58.87 | 57.27 | 66.21 | 62.26 | 73.75 |
Fixed Assets | ||||||||||
| Gross Block | 32.37 | 32.36 | 22.94 | 26.19 | 26.29 | 26.61 | 26.36 | 26.85 | 32.53 | 48.38 |
| Accumulated Depreciation | 8.68 | 9.48 | 0.79 | 1.79 | 2.87 | 3.90 | 4.48 | 5.45 | 6.42 | 7.57 |
| Net Fixed Assetsⓘ | 23.70 | 22.88 | 22.15 | 24.40 | 23.42 | 22.72 | 21.88 | 21.40 | 26.11 | 40.81 |
| CWIP ⓘ | 0 | 0 | 0.31 | 0 | 0 | 0 | 0.05 | 0.81 | 2.15 | 0.32 |
| Investmentsⓘ | 0.05 | 0.05 | 0.65 | 1.21 | 1.10 | 3.32 | 4.65 | 3.14 | 2.73 | 2.50 |
| Inventories | 12.53 | 9.97 | 12.28 | 15.23 | 17.56 | 14.17 | 13.29 | 15.96 | 11.01 | 14.34 |
| Trade Receivables | 9.04 | 9.13 | 12.86 | 18.07 | 11.56 | 12.51 | 11.36 | 14.77 | 9.43 | 9.28 |
| Cash Equivalents | 1.46 | 2.26 | 0.37 | 0.27 | 1.07 | 0.23 | 0.66 | 3.07 | 1.59 | 0.24 |
| Others Assetsⓘ | 3.21 | 3.70 | 5.85 | 8.39 | 7.60 | 5.92 | 5.38 | 7.06 | 9.23 | 6.26 |
| Total Assets ⓘ | 49.99 | 48 | 54.47 | 67.57 | 62.31 | 58.87 | 57.27 | 66.21 | 62.26 | 73.75 |
| 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 ⓘ | 11.70 | 5.53 | -2.38 | -1.19 | 8.66 | 2.97 | 2.33 | -0.73 | 8.19 | 1.27 |
| PBT ⓘ | 3.93 | 2.06 | 2.55 | 4.28 | 5.66 | 1.51 | 0.44 | 1.91 | 1.56 | -0.41 |
| Adjustment ⓘ | 2.31 | 1.70 | 1.32 | 1.39 | 1.42 | 1.20 | 0.91 | 0.70 | 0.96 | 1.69 |
| Changes in Working Capital ⓘ | 7.52 | 2.35 | -5.25 | -5.51 | 3.14 | 1.01 | 0.99 | -2.75 | 6.15 | 0.05 |
| Tax Paid ⓘ | -2.07 | -0.58 | -0.99 | -1.35 | -1.57 | -0.75 | -0.02 | -0.59 | -0.47 | -0.06 |
| Cash Flow From Investing Activity ⓘ | 0.10 | 0.08 | -0.98 | -3.33 | 0.30 | -2.36 | -1.24 | 0.59 | -6.35 | -13.67 |
| Capex | -0.17 | -0.20 | -0.42 | -2.94 | -0.10 | -0.32 | -0.28 | -1.54 | -6.92 | -13.93 |
| Net Investments | 0 | 0 | -0.60 | -0.56 | 0.11 | -2.22 | -1.07 | 2.03 | 0.44 | 0.13 |
| Others ⓘ | 0.27 | 0.27 | 0.03 | 0.17 | 0.29 | 0.18 | 0.11 | 0.11 | 0.13 | 0.14 |
| Cash Flow From Financing Activityⓘ | -10.87 | -4.91 | 1.46 | 4.41 | -8.03 | -1.52 | -0.83 | 0.42 | -1.58 | 11.56 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -8.88 | -4.18 | -0.19 | 2.02 | -0.67 | -0.54 | -0.33 | -0.64 | -0.21 | 10.81 |
| Interest Paid ⓘ | -1.63 | -0.37 | -0.38 | -0.52 | -0.60 | -0.34 | -0.27 | -0.24 | -0.18 | -0.74 |
| Dividend Paid ⓘ | -0.35 | -0.36 | -0.36 | -0.36 | -0.55 | -0.55 | -0.45 | -0.30 | -0.30 | -0.30 |
| Others ⓘ | 0 | 0 | 2.38 | 3.27 | -6.21 | -0.09 | 0.22 | 1.61 | -0.89 | 1.79 |
| Net Cash Flow ⓘ | 0.92 | 0.69 | -1.90 | -0.11 | 0.93 | -0.91 | 0.25 | 0.29 | 0.26 | -0.83 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.09 | 6.38 | 5.96 | 7.51 | 9.44 | 2.25 | 0.87 | 3.08 | 2.43 | -0.64 |
| ROCE (%) | 19.28 | 10.26 | 9.14 | 10.43 | 12.84 | 4.01 | 1.61 | 4.48 | 3.49 | -0.09 |
| Asset Turnover Ratio | 1.07 | 0.78 | 0.95 | 0.97 | 1.01 | 0.93 | 0.61 | 0.87 | 0.71 | 0.53 |
| PAT to CFO Conversion(x) | 5.2 | 4.32 | -1.34 | -0.4 | 2.13 | 2.94 | 5.97 | -0.52 | 7.18 | N/A | Working Capital Days |
| Receivable Days | 104 | 87 | 82 | 96 | 83 | 78 | 124 | 89 | 97 | 94 |
| Inventory Days | 90 | 107 | 83 | 85 | 92 | 103 | 142 | 99 | 108 | 128 |
| Payable Days | 135 | 82 | 71 | 73 | 66 | 55 | 74 | 68 | 96 | 127 |
Dynamic Industries started in 1989 as a private limited company with the staff of 10 people headed by Dipak Choksi and Harin Mamalatdarna and a production capacity of 120 metric tonnes per year of reactive dyes. The company is presently engaged in the production of Acid Dyes and Direct Dyes.
The year 1991 saw the start of non benzydene direct dyes and the export of our products. It kept expanding ever since as an organisation and in terms of production capacity. It introduced the spectrometer in 1993 and in 1994 it started manufacturing acid dyes, 1-1 and 1-2 metal complex dyes. It became a public limited company in 1995 with equity of Rs 3 crore. It opened a new production facility in 1999 and has kept progressing ever since.
Situated at Gujarat Industrial Development Corporation (GIDC), Vatva, Ahmedabad, India, the product palette of Dynamic Industries primarily includes acid, direct and reactive dyes, which, by them, are a benchmark in quality. It is the unsurpassable technology adopted at the laboratory, outstanding infrastructure and the best of the personnel for monitors, which enable an optimum production in terms of quality as well as magnitude of Dynamic Industries. It gracefully accepts its responsibility towards Nature, for the same it had installed Pollution Control Equipments at its premises.
Owing to assertion for the highest quality parameters its present clientele includes countries in South America, North America, Europe, South and East Asia and with the strength of commitment and service, it aspire to colour the globe continually.
The company is one of the biggest textile dye stuff exporters in India dedicated to producing quality dye stuffs and chemicals and is serving the chemical industry world since last two decades. The company also have the best environmentally managed facility in the country.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
