Dai Ichi Karkaria Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹281.68Undervalued by 13.58%vs CMP ₹248.00

P/E (33.2) × ROE (4.2%) × BV (₹249.00) × DY (1.41%)

₹285.83Undervalued by 15.25%vs CMP ₹248.00

MoS: +13.2% (Thin)Confidence: 43/100 (Low)Models: 2 Under, 2 Fair, 4 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹564.80	25%	Under (+127.7%)
Graham Number	Earnings	₹200.98	18%	Over (-19%)
Earnings Power	Earnings	₹142.17	12%	Over (-42.7%)
DCF	Cash Flow	₹148.36	12%	Over (-40.2%)
Net Asset Value	Assets	₹248.00	8%	Fair (0%)
EV/EBITDA	Enterprise	₹305.64	10%	Under (+23.2%)
Earnings Yield	Earnings	₹72.10	8%	Over (-70.9%)
Revenue Multiple	Revenue	₹242.64	6%	Fair (-2.2%)
Consensus (8 models)		₹285.83	100%	Undervalued

Key Drivers: EPS CAGR 100.5% lifts DCF — verify sustainability. | ROE 4.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 100.5%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 2 April 2026, 4:25 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2025. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹181.00 Cr, versus ₹132.00 Cr in Mar 2024 (37.1% year on year). Net profit for Mar 2025 was ₹9.00 Cr, versus ₹14.00 Cr in Mar 2024 (-35.7% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹16.00 Cr against net profit of ₹9.00 Cr. Cash flow covered 1.78 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹12.00 Cr in Sep 2025. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Dai Ichi Karkaria Ltd scores 68/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health66/100 · Strong

ROCE 4.3% WeakROE 4.2% WeakD/E 0.06 Low debtInterest Coverage 10.3x StrongProfitable 4/5 available years Reported history

Smart Money50/100 · Moderate

Promoter holding at 64.0% Stable

Earnings Quality90/100 · Strong

CFO/NP ratio: 1.14x Cash-backed earningsOPM expanding (-3% → 7%) Improving

Quarterly Momentum80/100 · Strong

Revenue (4Q): +31% YoY AcceleratingProfit (4Q): +37% YoY StrongOPM: -0.8% (down 7.5% YoY) Margin pressure

Industry Rank30/100 · Weak

P/E 33.2 vs industry 44.2 In-lineROCE 4.3% vs industry 12.3% Below peersROE 4.2% vs industry 9.8% Below peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:25 am

Market Cap	185 Cr.
Current Price	248
Intrinsic Value	₹285.83
High / Low	472/219
Stock P/E	33.2
Book Value	249
Dividend Yield	1.41 %
ROCE	4.29 %
ROE	4.20 %
Face Value	10.0
PEG Ratio	0.33

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dai Ichi Karkaria Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Dai Ichi Karkaria Ltd	185 Cr.	248	472/219	33.2	249	1.41 %	4.29 %	4.20 %	10.0
Arvee Laboratories (India) Ltd	199 Cr.	181	291/129	49.2	30.7	0.00 %	7.53 %	7.32 %	10.0
Chemcrux Enterprises Ltd	122 Cr.	82.4	159/64.0	19.6	54.1	1.21 %	7.81 %	5.20 %	10.0
Chembond Chemicals Ltd	292 Cr.	217	237/105	19.3	125	0.92 %	10.8 %	8.84 %	5.00
HP Adhesives Ltd	318 Cr.	34.6	53.0/26.3	136	20.4	1.17 %	5.61 %	4.03 %	2.00
Industry Average	16,977.25 Cr	1,096.81		44.24	191.32	0.55%	12.30%	9.78%	6.41

All Competitor Stocks of Dai Ichi Karkaria Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	48.88	42.46	27.86	35.05	35.27	33.40	33.86	36.75	40.71	70.06	39.45	42.79	37.81
Expenses	42.25	37.38	28.44	33.42	32.82	30.61	31.92	35.04	37.97	61.99	38.17	41.00	38.10
Operating Profit	6.63	5.08	-0.58	1.63	2.45	2.79	1.94	1.71	2.74	8.07	1.28	1.79	-0.29
OPM %	13.56%	11.96%	-2.08%	4.65%	6.95%	8.35%	5.73%	4.65%	6.73%	11.52%	3.24%	4.18%	-0.77%
Other Income	4.85	1.32	0.98	21.47	0.66	1.26	0.66	1.12	2.80	1.41	0.79	1.64	0.83
Interest	0.63	1.06	1.18	0.97	0.47	0.44	0.47	0.50	0.45	0.41	0.24	0.24	0.25
Depreciation	1.85	2.16	2.29	2.30	2.35	2.29	2.49	2.58	2.54	2.54	2.52	2.55	2.51
Profit before tax	9.00	3.18	-3.07	19.83	0.29	1.32	-0.36	-0.25	2.55	6.53	-0.69	0.64	-2.22
Tax %	0.00%	114.47%	-4.89%	25.26%	-103.45%	24.24%	-25.00%	48.00%	25.10%	24.81%	-26.09%	153.12%	-32.43%
Net Profit	9.18	0.57	-2.90	14.60	1.11	1.09	0.43	-0.23	2.62	6.20	0.02	0.01	-0.86
EPS in Rs	12.32	0.76	-3.89	19.59	1.49	1.46	0.58	-0.31	3.52	8.32	0.03	0.01	-1.15

Last Updated: March 3, 2026, 11:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 3:05 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	147	181	194	126	147	92	107	97	122	184	132	181	190
Expenses	134	159	161	109	132	103	112	111	140	168	125	167	179
Operating Profit	13	22	32	17	15	-11	-5	-14	-18	16	6	14	11
OPM %	9%	12%	17%	14%	10%	-12%	-5%	-14%	-15%	9%	5%	8%	6%
Other Income	10	15	4	12	6	2	-0	87	8	17	24	6	5
Interest	1	0	1	0	0	7	10	9	1	3	3	2	1
Depreciation	2	5	2	2	4	8	9	9	7	7	9	10	10
Profit before tax	20	32	34	27	16	-24	-25	56	-18	22	18	8	4
Tax %	24%	28%	35%	24%	27%	-48%	0%	13%	0%	16%	27%	27%
Net Profit	16	23	22	25	14	-13	-23	51	-18	20	14	9	5
EPS in Rs	20.94	31.24	29.34	33.43	18.32	-16.92	-30.76	68.02	-24.20	26.94	18.65	12.11	7.21
Dividend Payout %	12%	10%	10%	9%	14%	-15%	-8%	4%	0%	15%	11%	29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	43.75%	-4.35%	13.64%	-44.00%	-192.86%	-76.92%	321.74%	-135.29%	211.11%	-30.00%	-35.71%
Change in YoY Net Profit Growth (%)	0.00%	-48.10%	17.98%	-57.64%	-148.86%	115.93%	398.66%	-457.03%	346.41%	-241.11%	-5.71%

Dai Ichi Karkaria Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	0%
5 Years:	11%
3 Years:	14%
TTM:	36%

Compounded Profit Growth
10 Years:	-6%
5 Years:	19%
3 Years:	33%
TTM:	349%

Stock Price CAGR
10 Years:	-2%
5 Years:	0%
3 Years:	-7%
1 Year:	-54%

Return on Equity
10 Years:	0%
5 Years:	-4%
3 Years:	3%
Last Year:	4%

Last Updated: September 5, 2025, 3:06 pm

Balance Sheet

Last Updated: December 4, 2025, 2:42 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	80	101	119	142	151	135	112	163	142	162	173	181	178
Borrowings	1	1	1	4	77	104	108	20	22	38	19	13	12
Other Liabilities	31	38	31	25	41	35	42	48	43	39	23	31	28
Total Liabilities	119	147	159	179	276	281	270	239	214	247	222	232	225
Fixed Assets	17	16	17	20	94	164	153	105	105	139	132	126	122
CWIP	7	6	14	32	43	5	3	0	2	0	2	1	0
Investments	31	42	40	64	41	24	23	27	21	23	21	24	25
Other Assets	65	83	88	62	98	88	92	107	86	85	67	82	78
Total Assets	119	147	159	179	276	281	270	239	214	247	222	232	225

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	4	5	11	3	-8	6	1	-22	-3	23	10	16
Cash from Investing Activity +	-3	-0	-8	-7	-57	-21	1	130	-4	-33	16	-4
Cash from Financing Activity +	-3	-3	-6	2	66	16	-6	-97	-2	13	-25	-10
Net Cash Flow	-2	3	-3	-2	2	1	-4	11	-10	4	1	2

Free Cash Flow

Free cash flow is not available in the stored cash-flow statement. Missing values are not treated as zero.

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	75	76	70	59	75	65	70	89	53	53	62	60
Inventory Days	51	53	51	78	74	98	104	133	93	59	77	60
Days Payable	76	94	82	68	83	128	146	210	122	87	74	75
Cash Conversion Cycle	50	34	39	70	66	36	28	11	24	25	65	45
Working Capital Days	45	43	52	67	54	-9	-38	27	13	4	21	36
ROCE %	17%	23%	28%	17%	8%	-7%	-4%	-8%	-12%	8%	0%	4%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	63.88%	63.88%	63.88%	63.88%	63.88%	63.88%	63.88%	63.92%	63.98%	63.98%	63.98%	63.98%
DIIs	0.35%	0.35%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	35.76%	35.78%	35.78%	36.12%	36.11%	36.11%	36.12%	36.07%	36.03%	36.02%	36.02%	36.02%
No. of Shareholders	5,389	5,203	5,395	5,555	5,085	5,521	5,918	6,060	6,062	6,121	6,348	6,200

Shareholding Pattern Chart

No. of Shareholders

Dai Ichi Karkaria Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	12.11	18.65	26.94	-24.20	68.03
Diluted EPS (Rs.)	12.11	18.65	26.94	-24.20	68.03
Cash EPS (Rs.)	21.92	30.50	34.79	-20.44	76.44
Book Value[Excl.RevalReserv]/Share (Rs.)	252.56	242.63	228.05	201.21	199.42
Book Value[Incl.RevalReserv]/Share (Rs.)	252.56	242.63	228.05	201.21	199.42
Revenue From Operations / Share (Rs.)	243.46	176.62	246.90	163.54	130.76
PBDIT / Share (Rs.)	25.40	13.53	29.97	-18.77	-11.56
PBIT / Share (Rs.)	11.77	1.14	19.97	-27.89	-22.98
PBT / Share (Rs.)	11.37	24.66	29.68	-29.57	74.94
Net Profit / Share (Rs.)	8.29	18.11	24.79	-29.57	65.02
NP After MI And SOA / Share (Rs.)	12.11	18.66	26.94	-24.20	68.03
PBDIT Margin (%)	10.43	7.66	12.13	-11.47	-8.83
PBIT Margin (%)	4.83	0.64	8.08	-17.05	-17.57
PBT Margin (%)	4.66	13.96	12.02	-18.08	57.30
Net Profit Margin (%)	3.40	10.25	10.04	-18.08	49.72
NP After MI And SOA Margin (%)	4.97	10.56	10.91	-14.79	52.02
Return on Networth / Equity (%)	4.79	7.68	11.81	-12.02	34.11
Return on Capital Employeed (%)	4.59	0.46	7.84	-13.26	-11.34
Return On Assets (%)	3.88	6.25	8.11	-8.41	23.34
Long Term Debt / Equity (X)	0.00	0.01	0.10	0.02	0.00
Total Debt / Equity (X)	0.06	0.10	0.22	0.14	0.13
Asset Turnover Ratio (%)	0.79	0.56	0.83	0.59	0.39
Current Ratio (X)	1.69	1.37	1.19	1.18	1.40
Quick Ratio (X)	1.23	0.93	0.85	0.78	1.03
Inventory Turnover Ratio (X)	10.12	4.43	5.51	3.62	3.13
Dividend Payout Ratio (NP) (%)	16.51	21.43	0.00	-12.42	0.00
Dividend Payout Ratio (CP) (%)	7.77	12.88	0.00	-19.94	0.00
Earning Retention Ratio (%)	83.49	78.57	0.00	112.42	0.00
Cash Earning Retention Ratio (%)	92.23	87.12	0.00	119.94	0.00
Interest Coverage Ratio (X)	10.34	3.29	7.35	-9.38	-0.93
Interest Coverage Ratio (Post Tax) (X)	3.54	-1.32	3.70	-13.95	-2.66
Enterprise Value (Cr.)	179.68	392.80	299.51	288.20	226.70
EV / Net Operating Revenue (X)	0.99	2.99	1.63	2.37	2.33
EV / EBITDA (X)	9.50	38.97	13.41	-20.62	-26.33
MarketCap / Net Operating Revenue (X)	0.97	2.89	1.47	2.24	2.28
Retention Ratios (%)	83.48	78.56	0.00	112.42	0.00
Price / BV (X)	0.94	2.10	1.59	1.82	1.49
Price / Net Operating Revenue (X)	0.97	2.89	1.47	2.24	2.28
EarningsYield	0.05	0.03	0.07	-0.06	0.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Dai Ichi Karkaria Ltd and is it undervalued?

Dai Ichi Karkaria Ltd: the stored intrinsic value estimate is ₹285.83, compared with a stored share price of ₹248.00. The model value is 15.3% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Dai Ichi Karkaria Ltd?

The stored share price is ₹248.00. Price-data record updated: 2 April 2026, 4:25 am +05:30. This is not a live quote. The stored 52-week high / low is 472/219; this is a rolling range, not a financial-year range.

How have Dai Ichi Karkaria Ltd's revenue and profit changed?

Does Dai Ichi Karkaria Ltd's profit convert into cash?

What should I check in Dai Ichi Karkaria Ltd's balance sheet?

Reported borrowings were ₹12.00 Cr in Sep 2025. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Dai Ichi Karkaria Ltd's P/E with other stocks?

The stored P/E is 33.20. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Dai Ichi Karkaria Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.