Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhariwalcorp Ltd is a average quality company.
The key valuation ratios of Dhariwalcorp 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 Dhariwalcorp 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'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 30.1% | 18.1% | 50.3% | - |
| Value Creation Index ⓘ | 1.2 | 0.3 | 2.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 159 | 194 | 229 | 229 |
| Sales YoY Gr. | - | 22.3% | 18% | - |
| Adj EPS ⓘ | 2 | -0.3 | 5.3 | 5 |
| YoY Gr. | - | -113.1% | NA | - |
| BVPS (₹) ⓘ | 3.8 | 4.9 | 13.3 | 37.9 |
| Adj Net Profit ⓘ | 1 | -0.1 | 3.5 | 5 |
| Cash Flow from Ops. ⓘ | 1 | 0.8 | 0.3 | - |
| Debt/CF from Ops. ⓘ | 6 | 7.7 | 29.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 18% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | 169.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 52.7 | -6.1 | 61.7 | 19.7 |
| Op. Profit Mgn % ⓘ | 1.1 | 0.2 | 1.9 | NAN |
| Net Profit Mgn % ⓘ | 0.6 | -0.1 | 1.5 | 2 |
| Debt to Equity ⓘ | 3 | 2.5 | 1 | - |
| Working Cap Days ⓘ | 0 | 28 | 27 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 12 | 13 | 0 |
Debt to equity has declined versus last 3 years average to 1.00
Return on Equity has declined versus last 3 years average to 19.70%
Sales growth has been subdued in last 3 years 0.00%
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 (₹) | 5 | - |
| TTM Sales (₹ Cr.) | 229 | - |
| BVPS (₹.) ⓘ | 37.9 | - |
| Reserves (₹ Cr.) ⓘ | 25 | - |
| P/BV ⓘ | 3.33 | - |
| PE ⓘ | 25.04 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 113 |
| Equity (₹ Cr.) | 9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 159 | 194 | 229 |
| Operating Expenses ⓘ | 157 | 194 | 224 |
| Manufacturing Costs | 0 | 0 | 0 |
| Material Costs | 153 | 192 | 222 |
| Employee Cost | 0 | 0 | 0 |
| Other Costs ⓘ | 3 | 2 | 2 |
| Operating Profit ⓘ | 2 | 0 | 4 |
| Operating Profit Margin (%) | 1.1% | 0.2% | 1.9% |
| Other Income ⓘ | 1 | 1 | 2 |
| Interest ⓘ | 0 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 1 | 6 |
| Tax ⓘ | 0 | 0 | 2 |
| Profit After Tax | 1 | 1 | 5 |
| PAT Margin (%) | 0.9% | 0.3% | 2.0% |
| Adjusted EPS (₹) | 2.8 | 1.2 | 6.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 3 | 9 | |||||||
| Share Capital ⓘ | 0 | 0 | 7 | |||||||
| Reserves ⓘ | 2 | 2 | 2 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 6 | 6 | 9 | |||||||
| Long Term Debt | 1 | 0 | 2 | |||||||
| Short Term Debt | 5 | 6 | 6 | |||||||
| Trade Payables | 4 | 10 | 2 | |||||||
| Others Liabilities ⓘ | 2 | 2 | 2 | |||||||
| Total Liabilities ⓘ | 14 | 20 | 21 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 2 | 2 | 2 | |||||||
| Accumulated Depreciation | 0 | 0 | 0 | |||||||
| Net Fixed Assetsⓘ | 2 | 2 | 2 | |||||||
| CWIP ⓘ | 0 | 0 | 3 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 2 | 5 | 5 | |||||||
| Trade Receivables | 9 | 11 | 8 | |||||||
| Cash Equivalents | 0 | 0 | 0 | |||||||
| Others Assetsⓘ | 2 | 2 | 4 | |||||||
| Total Assets ⓘ | 14 | 20 | 21 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 1 | 0 |
| PBT ⓘ | 2 | 1 | 6 |
| Adjustment ⓘ | 0 | 1 | 1 |
| Changes in Working Capital ⓘ | -1 | -1 | -5 |
| Tax Paid ⓘ | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -3 |
| Capex | 0 | 0 | -3 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | -1 | 3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 2 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 2 |
| Interest Paid ⓘ | 0 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 74.33 | 27.02 | 80.01 | |||||||
| ROCE (%) | 30.07 | 18.09 | 50.3 | |||||||
| Asset Turnover Ratio | 11.74 | 11.71 | 11.18 | |||||||
| PAT to CFO Conversion(x) | 1 | 1 | 0 | Working Capital Days | ||||||
| Receivable Days | 20 | 19 | 15 | |||||||
| Inventory Days | 4 | 6 | 8 | |||||||
| Payable Days | 9 | 13 | 10 | |||||||
Dhariwalcorp Limited was originally incorporated under the name ‘Dhariwalcorp Private Limited’ under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated June 14, 2020, issued by the Assistant Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to public limited and the name of Company was changed to ‘Dhariwalcorp Limited’ vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on April 01, 2024. The fresh certificate of incorporation consequent to conversion was issued on May 04, 2024, by Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Centralised Processing Centre.
The company is engaged in the business of trading of comprehensive range of waxes, industrial chemicals, and petroleum jelly. The company is involved in processing, purchasing, selling, importing, and trading various types of wax, including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, Montan Wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, Soya Wax, etc.
Additionally, the company trade in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly. Its product range encompasses all types of heavy and light chemicals, chemical elements and compounds, petrochemicals, industrial chemicals, mixtures, derivatives, articles, compounds, by-products, and activities of a similar nature.
The company serves various industries including Plywood and Board, Paper Coating, Crayon Manufacturing, Candle Production, Textiles, Pharmaceuticals, Petroleum Jelly & Cosmetics, Tube & Tire Manufacturing, Match Production, Food Processing, and Adhesive Manufacturing. With its diverse range of products, it plays a significant role in the supply chain of these sectors, ensuring quality products and timely delivery. The company is engaged in wax trading business, sourcing, processing, and distribution of various types of waxes for a wide range of applications. With its focus on quality, sustainability, and customer satisfaction, it is committed to delivering products of relevant quality that meet its industry standards, ensuring customer satisfaction and trust. It continuously seeks new ways to improve its products, processes, and services, staying ahead of market trends and customer demands.
Business area of the company
The company is engaged in the business of trading of comprehensive range of waxes, industrial chemicals, and petroleum jelly.
Products of the company
Wax
Industrial Chemicals
Petroleum Jelly
History and milestones
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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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