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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Dishman Carbogen Amcis Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:16 pm

Market Cap 3,418 Cr.
Current Price 219
High / Low283/133
Stock P/E
Book Value 366
Dividend Yield0.00 %
ROCE0.02 %
ROE2.64 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Dishman Carbogen Amcis Ltd

Competitors of Dishman Carbogen Amcis Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Themis Biosyn Ltd 3,465 Cr. 318390/10865.7 20.50.21 %45.0 %33.8 % 1.00
Gujarat Terce Laboratories Ltd 59.8 Cr. 80.694.9/25.822.9 11.90.00 %9.72 %3.44 % 10.0
Gujarat Inject (Kerala) Ltd 28.0 Cr. 19.119.5/8.3536.3 6.640.00 %4.06 %3.33 % 10.0
Godavari Drugs Ltd 85.5 Cr. 114155/87.012.8 55.40.00 %12.7 %15.5 % 10.0
Glenmark Life Sciences Ltd 13,221 Cr. 1,0801,335/62031.2 2072.08 %28.1 %21.1 % 2.00
Industry Average19,460.76 Cr1,177.0554.20184.880.33%16.40%16.92%6.61

All Competitor Stocks of Dishman Carbogen Amcis Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales439469529551459562569541614640619723587
Expenses359406441450360453547452535526567602526
Operating Profit806388101991102288791145112261
OPM %18%13%17%18%22%19%4%16%13%18%8%17%10%
Other Income159-1610719-8694-3975
Interest1314912141516192022242827
Depreciation78797775747584758050767075
Profit before tax4-22-14241938-85-0-1246-8829-36
Tax %-86%27%-879%33%40%8%48%1,437%18%-3%19%42%-13%
Net Profit7-16-135161135-454-1047-7117-41
EPS in Rs0.47-1.02-8.611.020.712.26-2.850.26-0.643.00-4.511.08-2.61

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2011Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0311,7141,6952,0592,0441,9122,1412,4132,568
Expenses8301,2611,2491,5071,5401,6381,8092,0812,220
Operating Profit201452445552503274331332348
OPM %20%26%26%27%25%14%15%14%14%
Other Income14264654391629-20-23
Interest5649495762485786102
Depreciation69214211240283308308281272
Profit before tax91216231309197-65-4-55-49
Tax %12%33%33%32%20%-154%524%45%
Net Profit80145155210159-16518-30-48
EPS in Rs9.5813.0310.10-10.531.15-1.90-3.04
Dividend Payout %0%0%0%2%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)6.90%35.48%-24.29%-203.77%110.91%-266.67%
Change in YoY Net Profit Growth (%)0.00%28.59%-59.77%-179.49%314.68%-377.58%

Dishman Carbogen Amcis Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2017-2018 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:11%
TTM:2%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:4%
TTM:-7183%
Stock Price CAGR
10 Years:%
5 Years:12%
3 Years:-2%
1 Year:29%
Return on Equity
10 Years:%
5 Years:0%
3 Years:-1%
Last Year:-3%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:36 am

MonthMar 2011Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital160.003232313131313131
Reserves8634,8145,0755,3475,6845,6675,5185,7785,5965,705
Borrowings8689501,0951,0421,3571,5891,8302,2092,3132,507
Other Liabilities3348119678991,1211,0681,2551,4211,6311,937
Total Liabilities2,0816,5747,1697,3218,1938,3568,6349,4399,57110,180
Fixed Assets1,0124,8525,0665,0985,6785,6985,7736,1886,7247,159
CWIP3071331511752344867801,043646580
Investments140196167191172324249102104
Other Assets7611,5501,7571,8812,0912,0001,7581,9592,0982,338
Total Assets2,0816,5747,1697,3218,1938,3568,6349,4399,57110,180

Reserves and Borrowings Chart

Cash Flow

MonthMar 2011Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +203303226282585513355266384
Cash from Investing Activity +-231-107-297-169-442-380-619-494-230
Cash from Financing Activity +25-13778-102-98-11130250-22
Net Cash Flow-35971146122-13322132

Free Cash Flow

MonthMar 2011Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-667.00-498.00444.00551.00502.00273.00330.00330.00

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 2011Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6061967910380818964
Inventory Days272473525496462402526568540
Days Payable17295201176226132158155149
Cash Conversion Cycle160439419399340350449502455
Working Capital Days4911712913512413511590100
ROCE %5%6%4%0%1%1%0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters59.32%59.32%59.32%59.32%59.32%59.32%59.32%59.32%59.32%59.32%59.32%59.32%
FIIs4.60%5.50%5.85%6.20%7.20%9.34%8.90%8.80%8.60%8.70%8.05%8.18%
DIIs6.31%6.91%6.63%4.26%3.86%2.55%3.13%3.51%3.68%2.36%1.47%1.22%
Public29.77%28.26%28.19%30.22%29.61%28.79%28.65%28.37%28.39%29.63%31.17%31.29%
No. of Shareholders54,66256,32256,98659,65461,17556,58356,22156,27252,33650,65653,68355,280

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Flexi Cap Fund2,377,0500.9633.732,377,0502024-11-210%
L&T Flexicap Fund - Regular Plan2,377,0500.8123.472,377,0502024-11-210%
Motilal Oswal Nifty Microcap 250 Index Fund63,7470.20.92,377,0502024-11-21-97.32%
Motilal Oswal S&P BSE Healthcare ETF6810.120.012,377,0502024-11-21-99.97%
Groww Nifty Total Market Index Fund1490.0102,377,0502024-11-21-99.99%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-9.79-1.901.15-10.5310.10
Diluted EPS (Rs.)-9.79-1.901.15-10.5310.10
Cash EPS (Rs.)10.0416.0020.779.1128.13
Book Value[Excl.RevalReserv]/Share (Rs.)358.90370.51353.89363.44364.25
Book Value[Incl.RevalReserv]/Share (Rs.)358.90370.51353.89363.44364.25
Revenue From Operations / Share (Rs.)166.82153.89136.52121.94130.25
PBDIT / Share (Rs.)20.0722.9623.9019.9534.55
PBIT / Share (Rs.)0.245.054.290.3016.52
PBT / Share (Rs.)-7.80-3.48-0.27-4.1512.57
Net Profit / Share (Rs.)-9.79-1.901.15-10.5310.10
NP After MI And SOA / Share (Rs.)-9.79-1.901.15-10.5310.10
PBDIT Margin (%)12.0314.9117.5016.3526.52
PBIT Margin (%)0.143.283.130.2512.68
PBT Margin (%)-4.67-2.26-0.19-3.409.64
Net Profit Margin (%)-5.86-1.230.84-8.637.75
NP After MI And SOA Margin (%)-5.86-1.230.84-8.637.75
Return on Networth / Equity (%)-2.72-0.510.32-2.892.77
Return on Capital Employeed (%)0.051.030.930.063.90
Return On Assets (%)-1.60-0.310.20-1.981.93
Long Term Debt / Equity (X)0.040.180.130.080.04
Total Debt / Equity (X)0.340.310.250.180.16
Asset Turnover Ratio (%)0.270.260.040.030.08
Current Ratio (X)0.751.071.291.331.13
Quick Ratio (X)0.400.610.840.910.76
Inventory Turnover Ratio (X)0.710.860.290.220.47
Dividend Payout Ratio (NP) (%)0.000.000.000.002.03
Dividend Payout Ratio (CP) (%)0.000.000.000.000.73
Earning Retention Ratio (%)0.000.000.000.0097.97
Cash Earning Retention Ratio (%)0.000.000.000.0099.27
Interest Coverage Ratio (X)2.624.206.606.578.75
Interest Coverage Ratio (Post Tax) (X)-0.221.211.57-2.003.56
Enterprise Value (Cr.)5245.263590.644151.852477.791609.53
EV / Net Operating Revenue (X)2.011.491.941.300.78
EV / EBITDA (X)16.679.9711.087.922.97
MarketCap / Net Operating Revenue (X)1.410.811.360.890.41
Retention Ratios (%)0.000.000.000.0097.96
Price / BV (X)0.650.330.520.290.14
Price / Net Operating Revenue (X)1.410.811.360.890.41
EarningsYield-0.04-0.010.01-0.090.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dishman Carbogen Amcis Ltd as of November 22, 2024 is: 147.83

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 22, 2024, Dishman Carbogen Amcis Ltd is Overvalued by 32.50% compared to the current share price 219.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Dishman Carbogen Amcis Ltd as of November 22, 2024 is: 87.03

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 22, 2024, Dishman Carbogen Amcis Ltd is Overvalued by 60.26% compared to the current share price 219.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -41.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (5,004.70 cr) compared to borrowings (1,576.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.56 cr) and profit (96.78 cr) over the years.
  1. The stock has a low average ROCE of 1.89%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 110.44, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 390.33, 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 Dishman Carbogen Amcis Ltd:
    1. Net Profit Margin: -5.86%
      • 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: 0.05% (Industry Average ROCE: 16.4%)
      • 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%: -2.72% (Industry Average ROE: 16.92%)
      • 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): -0.22
      • 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: 0.4
      • 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: 0 (Industry average Stock P/E: 54.2)
      • 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: 0.34
      • 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

Dishman Carbogen Amcis Ltd. is a Public Limited Listed company incorporated on 17/07/2007 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L74900GJ2007PLC051338 and registration number is 051338. Currently Company is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure suger etc.. Company’s Total Operating Revenue is Rs. 302.79 Cr. and Equity Capital is Rs. 31.36 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
PharmaceuticalsDishman Corporate House, Iscon-Bopal Road, Ahmedabad Gujarat 380058dishman@dishmangroup.com
www.imdcal.com
Management
NamePosition Held
Mr. Janmejay R VyasChairman
Mr. Arpit J VyasGlobal Managing Director
Mrs. Deohooti J VyasWhole Time Director
Mr. Rajendra S ShahDirector
Mr. Subir Kumar DasDirector
Mr. Maitri K MehtaDirector

FAQ

What is the latest intrinsic value of Dishman Carbogen Amcis Ltd?

The latest intrinsic value of Dishman Carbogen Amcis Ltd as on 21 November 2024 is ₹147.83, which is 32.50% lower than the current market price of ₹219.00.

What is the Market Cap of Dishman Carbogen Amcis Ltd?

The Market Cap of Dishman Carbogen Amcis Ltd is 3,418 Cr..

What is the current Stock Price of Dishman Carbogen Amcis Ltd as on 21 November 2024?

The current stock price of Dishman Carbogen Amcis Ltd as on 21 November 2024 is ₹219.

What is the High / Low of Dishman Carbogen Amcis Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dishman Carbogen Amcis Ltd stocks is 283/133.

What is the Stock P/E of Dishman Carbogen Amcis Ltd?

The Stock P/E of Dishman Carbogen Amcis Ltd is .

What is the Book Value of Dishman Carbogen Amcis Ltd?

The Book Value of Dishman Carbogen Amcis Ltd is 366.

What is the Dividend Yield of Dishman Carbogen Amcis Ltd?

The Dividend Yield of Dishman Carbogen Amcis Ltd is 0.00 %.

What is the ROCE of Dishman Carbogen Amcis Ltd?

The ROCE of Dishman Carbogen Amcis Ltd is 0.02 %.

What is the ROE of Dishman Carbogen Amcis Ltd?

The ROE of Dishman Carbogen Amcis Ltd is 2.64 %.

What is the Face Value of Dishman Carbogen Amcis Ltd?

The Face Value of Dishman Carbogen Amcis Ltd is 2.00.

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 Dishman Carbogen Amcis 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