BSE: 544201 | NSE: | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dindigul Farm Product Ltd is a average quality company.
The key valuation ratios of Dindigul Farm Product Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dindigul Farm Product 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -57.1% | -132.6% | 262.4% | 58.8% | - |
| Value Creation Index ⓘ | NA | NA | 17.7 | 3.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 17.6 | 28.3 | 81.6 | 85.5 | 86 |
| Sales YoY Gr. | - | 60.6% | 188.1% | 4.8% | - |
| Adj EPS ⓘ | -3.2 | -3.8 | 3.5 | 4.9 | 3.6 |
| YoY Gr. | - | NA | NA | 38.1% | - |
| BVPS (₹) ⓘ | -12.1 | -15 | -11.4 | 5.8 | 18.5 |
| Adj Net Profit ⓘ | -4.6 | -5.4 | 5.1 | 8.7 | 9 |
| Cash Flow from Ops. ⓘ | 3.1 | 1 | 6.3 | -7.5 | - |
| Debt/CF from Ops. ⓘ | 7.1 | 20.4 | 3.8 | -2.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 69.3% | 4.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | 38.1% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 26.6 | 27.8 | -26.6 | -288.7 | 29.5 |
| Op. Profit Mgn % ⓘ | -4.8 | -5.4 | 11.4 | 15.2 | NAN |
| Net Profit Mgn % ⓘ | -26.3 | -19.1 | 6.2 | 10.2 | 10.2 |
| Debt to Equity ⓘ | -1.2 | -0.9 | -1.5 | 1.8 | - |
| Working Cap Days ⓘ | 0 | 174 | 63 | 120 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -132 | -51 | -40 | 0 |
Return on Equity has increased versus last 3 years average to 29.50%
Sales growth is growing at healthy rate in last 3 years 69.29%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.6 | - |
| TTM Sales (₹ Cr.) | 85.5 | - |
| BVPS (₹.) ⓘ | 18.5 | - |
| Reserves (₹ Cr.) ⓘ | 21 | - |
| P/BV ⓘ | 3.00 | - |
| PE ⓘ | 15.48 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 53.75 / 144.20 |
| All Time Low / High (₹) | 53.75 / 144.20 |
| Market Cap (₹ Cr.) | 135 |
| Equity (₹ Cr.) | 24.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.6 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 18 | 28 | 82 | 86 |
| Operating Expenses ⓘ | 18 | 30 | 72 | 73 |
| Manufacturing Costs | 3 | 4 | 10 | 13 |
| Material Costs | 12 | 22 | 57 | 54 |
| Employee Cost | 3 | 3 | 3 | 4 |
| Other Costs ⓘ | 1 | 1 | 1 | 2 |
| Operating Profit ⓘ | -1 | -2 | 9 | 13 |
| Operating Profit Margin (%) | -4.8% | -5.4% | 11.4% | 15.1% |
| Other Income ⓘ | 1 | 0 | 0 | 0 |
| Interest ⓘ | 2 | 2 | 3 | 3 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 2 | 0 | 0 |
| Profit Before Tax ⓘ | -5 | -4 | 5 | 8 |
| Tax ⓘ | 0 | 0 | 0 | -1 |
| Profit After Tax | -5 | -4 | 5 | 9 |
| PAT Margin (%) | -26.2% | -14.7% | 6.3% | 10.2% |
| Adjusted EPS (₹) | -3.2 | -2.9 | 3.6 | 4.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -17 | -22 | -16 | 10 | ||||||
| Share Capital ⓘ | 14 | 14 | 14 | 18 | ||||||
| Reserves ⓘ | -32 | -36 | -31 | -8 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 21 | 19 | 23 | 19 | ||||||
| Long Term Debt | 21 | 19 | 20 | 15 | ||||||
| Short Term Debt | 0 | 0 | 4 | 4 | ||||||
| Trade Payables | 20 | 20 | 19 | 22 | ||||||
| Others Liabilities ⓘ | 6 | 7 | 2 | 1 | ||||||
| Total Liabilities ⓘ | 30 | 25 | 29 | 53 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 33 | 33 | 36 | 37 | ||||||
| Accumulated Depreciation | 19 | 21 | 23 | 25 | ||||||
| Net Fixed Assetsⓘ | 14 | 12 | 13 | 11 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 1 | ||||||
| Investmentsⓘ | 1 | 0 | 0 | 0 | ||||||
| Inventories | 7 | 5 | 9 | 15 | ||||||
| Trade Receivables | 3 | 4 | 2 | 3 | ||||||
| Cash Equivalents | 1 | 0 | 0 | 0 | ||||||
| Others Assetsⓘ | 4 | 4 | 5 | 23 | ||||||
| Total Assets ⓘ | 30 | 25 | 29 | 53 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3 | 1 | 6 | -8 |
| PBT ⓘ | -5 | -4 | 5 | 8 |
| Adjustment ⓘ | 4 | 3 | 5 | 5 |
| Changes in Working Capital ⓘ | 3 | 2 | -3 | -20 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | 2 | -3 | -2 |
| Capex | -1 | 0 | -3 | -1 |
| Net Investments | 0 | 2 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -2 | -4 | -4 | 9 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 18 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -2 | -2 | -3 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | -1 | -6 |
| Net Cash Flow ⓘ | 0 | -1 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | 0 | ||||||
| ROCE (%) | N/A | N/A | N/A | 58.78 | ||||||
| Asset Turnover Ratio | 0.59 | 1.04 | 3.06 | 2.1 | ||||||
| PAT to CFO Conversion(x) | N/A | N/A | 1.2 | -0.89 | Working Capital Days | |||||
| Receivable Days | 63 | 42 | 12 | 9 | ||||||
| Inventory Days | 153 | 80 | 31 | 50 | ||||||
| Payable Days | 607 | 335 | 126 | 142 | ||||||
Dindigul Farm Product Limited was incorporated as ‘Dindigul Farm Product Private Limited’ under the Companies Act, 1956, pursuant to the certificate of incorporation issued by the RoC, Tamil Nadu, Coimbatore on September 29, 2010. The name of the Company was subsequently changed to ‘Dindigul Farm Product Limited’, upon conversion into a public company, pursuant to a board resolution dated November 18, 2023 and a shareholder resolution dated December 1, 2023, and a fresh certificate of change of name was issued on December 27, 2023 by ROC, Coimbatore.
Established in 2010, it is primarily engaged in processing of whole milk and skimmed milk to make dairy ingredients including, milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter and fat filled powders for infant milk formula. Its processing facility is situated at Dindigul and is spread over 15 acres. Its management system has been assessed and determined to comply with the requirements of Food Safety System Certification Scheme (FSSC) 22000. It also follows and complies with requirements of various relevant authorities in its industry such as Food Safety and Standards Authority of India (FSSAI), Halal, Kosher, Export Import Council of India, Europe Regulations in respect of certain of its products. It has also obtained registration cum membership certificate from Agricultural and Processed Food Products Export Development Authority.
It places significant emphasis on quality control and assurance processes across the business model ensuring and setting the right customer expectation and assurance models. The whole milk procured by it is tested by automatic Milk analysers placed at Village Level Milk Collection centers and a combined quality and sampling methods at Chilling Center Level. Its key products have received and tested in regular intervals by National Accreditation Board for Testing and Calibration Laboratories (NABL) approved food testing labs to comply the requirements of the above stated quality certifying / assuring / inspection authorities Like FSSC etc. Quality food safety forms a part of its policy. It has well defined documented quality system and Standard Operating procedures (SOPs) which are monitored at various stages of procurement and processing.
Business area of the company
The company is primarily engaged in processing of milk proteins, dairy ingredients and infant milk formulae including, milk protein concentrates, skimmed milk powder, dairy whitener, whey powder, milk whey powder, acid casein, sodium caseinate, fat filled powders and infant milk powders.
Products categories
History and milestones
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