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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Dhunseri Ventures Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:27 pm

Market Cap 1,415 Cr.
Current Price 404
High / Low559/302
Stock P/E8.15
Book Value 910
Dividend Yield1.24 %
ROCE6.59 %
ROE5.44 %
Face Value 10.0
PEG Ratio0.06

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dhunseri Ventures Ltd

Competitors of Dhunseri Ventures Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IIRM Holdings India Ltd 883 Cr. 130172/21.839.0 18.70.00 %%% 5.00
Fiberweb (India) Ltd 142 Cr. 49.266.6/29.012.3 58.30.00 %5.17 %4.61 % 10.0
Deep Polymers Ltd 170 Cr. 70.2120/68.022.9 34.10.00 %9.48 %9.69 % 10.0
DDev Plastiks Industries Ltd 2,865 Cr. 277458/16015.2 71.20.54 %41.9 %31.5 % 1.00
Bright Brothers Ltd 172 Cr. 302333/13439.0 1280.33 %0.72 %8.44 % 10.0
Industry Average5,093.50 Cr714.2850.95195.400.26%15.95%13.41%7.63

All Competitor Stocks of Dhunseri Ventures Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6061514632136395036140404357
Expenses1920171821145572251136252644
Operating Profit4141342811-10-1727-144151713
OPM %68%68%66%62%34%-7%-45%55%-40%3%38%39%22%
Other Income4896935410516326425813887388420
Interest1111221122118
Depreciation7666555566667
Profit before tax811301207510914624027911683479518
Tax %22%9%19%21%23%19%27%23%27%21%14%20%32%
Net Profit631189759841191762158566407612
EPS in Rs17.8533.7627.7316.8523.9934.0350.3961.5124.2718.8211.5721.673.55

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,9842,2553,8824,172272297076270182264232259
Expenses1,9002,1843,7394,16982194373714871201231238
Operating Profit847114231912725-7811163122
OPM %4%3%4%0%72%3%3%3%-112%61%24%0%8%
Other Income241256039-208497543142198416744347
Interest4133601000022375566
Depreciation3333447400242826232223
Profit before tax3313099-132-1894977829-71279450718340
Tax %29%13%21%-22%-2%-11%34%-10%20%16%20%25%
Net Profit2411478-161-1925515232-57233360542266
EPS in Rs8.9028.7222.69-28.92-35.75171.1714.969.41-15.6466.36102.60154.9976.33
Dividend Payout %51%16%20%-14%-11%1%23%43%-3%4%4%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)375.00%-31.58%-306.41%-19.25%386.98%-90.56%-38.46%-278.12%508.77%54.51%50.56%
Change in YoY Net Profit Growth (%)0.00%-406.58%-274.83%287.16%406.23%-477.54%52.10%-239.66%786.90%-454.27%-3.95%

Dhunseri Ventures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-20%
5 Years:-12%
3 Years:30%
TTM:143%
Compounded Profit Growth
10 Years:10%
5 Years:22%
3 Years:-13%
TTM:-35%
Stock Price CAGR
10 Years:%
5 Years:42%
3 Years:18%
1 Year:23%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:15%
Last Year:5%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:37 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital35353535353535353535353535
Reserves7417994254591,0651,1581,3271,1981,5692,0272,6022,9243,151
Borrowings2,0162,3592,2841,0590117709273115365377386
Other Liabilities5189687311,727100279173154216281528592627
Total Liabilities3,3104,1613,4743,2801,2001,5891,6051,4791,8932,4593,5293,9284,199
Fixed Assets1,0131,0121,64195016293454697477628621
CWIP6661,01175464646464646845365548
Investments3841451151,0801,1261,3121,2821,6392,0792,5132,7723,069
Other Assets1,5932,0971,7132,1705838821496139220404473462
Total Assets3,3104,1613,4743,2801,2001,5891,6051,4791,8932,4593,5293,9284,199

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-65469354-21354-3429610130-26143-7
Cash from Investing Activity +-513-334-121-68-273287-51-573513-30324
Cash from Financing Activity +985239-85-51-141104-85-40-567194-51
Net Cash Flow-182-26148-140-6049-40410-534-34

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow84.0069.00140.001.0018.001.00-90.00-45.00-170.0038.00-52.00-364.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days864518121045000002
Inventory Days9498693109121238
Days Payable53744466511980111262
Cash Conversion Cycle1277043121010-5-110-67-10-11-21
Working Capital Days14377393,8126185781256103945338
ROCE %4%4%-1%1%38%7%6%-5%19%24%28%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs0.62%0.72%0.69%0.62%0.52%0.52%0.51%0.51%0.55%0.55%0.60%0.53%
DIIs2.09%2.10%2.09%2.10%2.09%2.09%2.09%2.09%2.08%1.73%1.73%1.73%
Public22.29%22.18%22.22%22.28%22.39%22.37%22.39%22.38%22.35%22.71%22.66%22.73%
No. of Shareholders24,48023,85124,90624,75124,24123,87223,49723,81823,65025,06324,33126,424

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)43.71154.88102.5366.31-15.63
Diluted EPS (Rs.)43.71154.88102.5366.31-15.63
Cash EPS (Rs.)20.82-30.189.7933.0010.76
Book Value[Excl.RevalReserv]/Share (Rs.)845.90754.04589.15458.23351.95
Book Value[Incl.RevalReserv]/Share (Rs.)845.90754.04589.15458.23351.95
Revenue From Operations / Share (Rs.)115.1766.2075.3351.9019.94
PBDIT / Share (Rs.)37.1121.6737.1547.268.61
PBIT / Share (Rs.)28.9215.3830.6639.970.74
PBT / Share (Rs.)24.3113.7429.1138.60-1.17
Net Profit / Share (Rs.)12.62-36.473.3025.712.90
NP After MI And SOA / Share (Rs.)43.70154.85102.5066.30-15.62
PBDIT Margin (%)32.2232.7349.3191.0543.14
PBIT Margin (%)25.1123.2340.7077.013.76
PBT Margin (%)21.1120.7538.6474.36-5.86
Net Profit Margin (%)10.96-55.084.3849.5414.55
NP After MI And SOA Margin (%)37.93233.91136.06127.73-78.32
Return on Networth / Equity (%)5.1720.5617.4114.47-4.43
Return on Capital Employeed (%)2.691.554.497.530.18
Return On Assets (%)3.8915.3614.6012.26-3.70
Long Term Debt / Equity (X)0.090.110.020.020.03
Total Debt / Equity (X)0.120.120.040.020.04
Asset Turnover Ratio (%)0.100.070.110.070.01
Current Ratio (X)4.057.616.309.595.41
Quick Ratio (X)3.887.606.299.575.40
Inventory Turnover Ratio (X)7.9635.530.000.000.00
Dividend Payout Ratio (NP) (%)0.002.582.430.75-25.59
Dividend Payout Ratio (CP) (%)0.002.482.290.67-51.49
Earning Retention Ratio (%)0.0097.4297.5799.25125.59
Cash Earning Retention Ratio (%)0.0097.5297.7199.33151.49
Interest Coverage Ratio (X)8.0613.2323.9834.364.48
Interest Coverage Ratio (Post Tax) (X)3.74-21.263.1319.702.51
Enterprise Value (Cr.)1221.28832.34839.70354.66198.27
EV / Net Operating Revenue (X)3.033.593.181.952.84
EV / EBITDA (X)9.3910.966.452.146.58
MarketCap / Net Operating Revenue (X)2.803.293.031.902.37
Retention Ratios (%)0.0097.4197.5699.24125.59
Price / BV (X)0.380.280.380.210.13
Price / Net Operating Revenue (X)2.803.293.031.902.37
EarningsYield0.130.710.440.67-0.33

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dhunseri Ventures Ltd as of November 17, 2024 is: 408.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 17, 2024, Dhunseri Ventures Ltd is Undervalued by 1.10% compared to the current share price 404.00

Intrinsic Value of Dhunseri Ventures Ltd as of November 17, 2024 is: 1,011.16

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 17, 2024, Dhunseri Ventures Ltd is Undervalued by 150.29% compared to the current share price 404.00

Last 5 Year EPS CAGR: 147.55%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,495.77 cr) compared to borrowings (716.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (215.23 cr) and profit (173.92 cr) over the years.
  1. The stock has a low average ROCE of 11.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 130.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 12.25, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dhunseri Ventures Ltd:
    1. Net Profit Margin: 10.96%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 2.69% (Industry Average ROCE: 15.95%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 5.17% (Industry Average ROE: 13.41%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.74
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.88
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 8.15 (Industry average Stock P/E: 50.95)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.12
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Dhunseri Ventures Ltd. is a Public Limited Listed company incorporated on 11/05/1916 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L15492WB1916PLC002697 and registration number is 002697. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 183.20 Cr. and Equity Capital is Rs. 35.03 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic ProductsDhunseri House, 4A, Woodburn Park, Kolkata West Bengal 700020investors@aspetindia.com
http://www.aspetindia.com
Management
NamePosition Held
Mr. C K DhanukaExecutive Chairman
Mr. M DhanukaVice Chairman
Mrs. A DhanukaManaging Director
Mr. R K SharmaDirector
Mr. J P KundraDirector
Dr. B SenDirector
Mr. B JhaverDirector
Mrs. A KanoriaDirector
Mr. R V KejriwalDirector
Mr. S SahDirector
Prof. A K DuttaDirector
Mr. B BajoriaDirector

FAQ

What is the latest intrinsic value of Dhunseri Ventures Ltd?

The latest intrinsic value of Dhunseri Ventures Ltd as on 17 November 2024 is ₹408.46, which is 1.10% higher than the current market price of ₹404.00.

What is the Market Cap of Dhunseri Ventures Ltd?

The Market Cap of Dhunseri Ventures Ltd is 1,415 Cr..

What is the current Stock Price of Dhunseri Ventures Ltd as on 17 November 2024?

The current stock price of Dhunseri Ventures Ltd as on 17 November 2024 is ₹404.

What is the High / Low of Dhunseri Ventures Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dhunseri Ventures Ltd stocks is 559/302.

What is the Stock P/E of Dhunseri Ventures Ltd?

The Stock P/E of Dhunseri Ventures Ltd is 8.15.

What is the Book Value of Dhunseri Ventures Ltd?

The Book Value of Dhunseri Ventures Ltd is 910.

What is the Dividend Yield of Dhunseri Ventures Ltd?

The Dividend Yield of Dhunseri Ventures Ltd is 1.24 %.

What is the ROCE of Dhunseri Ventures Ltd?

The ROCE of Dhunseri Ventures Ltd is 6.59 %.

What is the ROE of Dhunseri Ventures Ltd?

The ROE of Dhunseri Ventures Ltd is 5.44 %.

What is the Face Value of Dhunseri Ventures Ltd?

The Face Value of Dhunseri Ventures Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dhunseri Ventures Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE