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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 526971 | NSE: DHOOTIN

Fundamental Analysis of Dhoot Industrial Finance Ltd

Share Price and Basic Stock Data

Last Updated: July 25, 2024, 10:03 pm

Market Cap 199 Cr.
Current Price 316
High / Low340/92.4
Stock P/E1.35
Book Value 675
Dividend Yield0.00 %
ROCE43.0 %
ROE42.1 %
Face Value 10.0
PEG Ratio0.01

Data Source: screener.in

Competitors of Dhoot Industrial Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Enterprise International Ltd 7.25 Cr. 24.333.6/16.448.3 46.10.00 %2.23 %1.24 % 10.0
Emergent Industrial Solutions Ltd 46.2 Cr. 101101/90.227.0 52.50.00 %13.7 %7.39 % 10.0
Dhruv Wellness Ltd 9.67 Cr. 9.1719.9/9.17 13.50.00 %0.37 %% 10.0
Dhoot Industrial Finance Ltd 199 Cr. 316340/92.41.35 6750.00 %43.0 %42.1 % 10.0
Decorous Investment And Trading Co Ltd 3.18 Cr. 9.2217.3/7.9022.7 10.90.00 %5.14 %3.78 % 10.0
Industry Average21,866.06 Cr209.1963.6586.500.13%14.36%10.44%8.63

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales33411136812922820
Expenses434121496131134922
Operating Profit-1-0-0-0-1-32-1-2-1-1-1-2
OPM %-16%-18%-10%-2%-8%-42%21%-6%-17%-32%-68%-13%-11%
Other Income11258-2511025181710942
Interest3112211121111
Depreciation0000000000000
Profit before tax7246-43-310-01161410739
Tax %-76%25%65%25%19%25%23%-473%-557%36%22%13%11%
Net Profit12182-32-38-2710119334
EPS in Rs19.0628.063.18-5.033.34-4.0012.31-3.3611.1115.7517.76146.6054.24

Last Updated: July 11, 2024, 7:27 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 25, 2024, 6:50 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales82731301224831291410303533
Expenses83701251164632342911323938
Operating Profit-13661-1-5-15-1-2-3-5
OPM %-1%4%4%5%3%-3%-17%-101%-8%-6%-10%-17%
Other Income412416-1104393617186
Interest112283255655
Depreciation111111111111
Profit before tax12578-62-1632287175
Tax %-20%19%13%29%32%-36%57%-0%-2%33%-36%15%
Net Profit22456-41-16331910148
EPS in Rs3.272.997.649.7210.26-7.281.73-24.8252.6029.5516.05234.35
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%100.00%25.00%20.00%-166.67%125.00%-1700.00%306.25%-42.42%-47.37%1380.00%
Change in YoY Net Profit Growth (%)0.00%100.00%-75.00%-5.00%-186.67%291.67%-1825.00%2006.25%-348.67%-4.94%1427.37%

Growth

Compounded Sales Growth
10 Years:-8%
5 Years:2%
3 Years:48%
TTM:-8%
Compounded Profit Growth
10 Years:57%
5 Years:93%
3 Years:65%
TTM:11378%
Stock Price CAGR
10 Years:42%
5 Years:69%
3 Years:55%
1 Year:174%
Return on Equity
10 Years:12%
5 Years:16%
3 Years:18%
Last Year:42%

Last Updated: July 25, 2024, 4:33 pm

Balance Sheet

Last Updated: July 11, 2024, 12:15 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital555556666666
Reserves293135409211111629175333271420
Borrowings141124416229184763637264
Other Liabilities6131491212171514391718
Total Liabilities5560799517115715898259441366508
Fixed Assets54411109988666
CWIP001111111111
Investments9961812813113382246428350494
Other Assets41476965331615746107
Total Assets5560799517115715898259441366508

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -84-10-220-7-10-447-149-56
Cash from Investing Activity 80-1-13-127128-4219-462
Cash from Financing Activity 1-41114-8-1-1-3-5-6-5-5
Net Cash Flow00-000-00-00-002

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-15.00-8.00-18.00-35.00-61.00-30.00-23.00-62.00-64.00-65.00-75.00-69.00

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 Days7078573655838097116734149
Inventory Days631361149800000000
Days Payable24634125
Cash Conversion Cycle10915113011055838097116734149
Working Capital Days15416213516721313385-214-125-76-111,440
ROCE %-2%6%13%9%4%-0%-3%-12%23%8%0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters66.92%66.92%69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%69.07%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public33.05%33.05%30.90%30.90%30.90%30.90%30.89%30.90%30.90%30.89%30.90%30.90%
No. of Shareholders2,6862,7192,8642,9382,9552,9832,9672,9422,8162,7822,8633,192

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.)234.3516.0529.5552.60-25.07
Diluted EPS (Rs.)234.3516.0529.5552.60-24.82
Cash EPS (Rs.)235.1916.9930.3953.65-23.63
Book Value[Excl.RevalReserv]/Share (Rs.)674.78438.18537.00287.2156.25
Book Value[Incl.RevalReserv]/Share (Rs.)674.78438.18537.00287.2156.25
Dividend / Share (Rs.)1.500.000.000.000.00
Revenue From Operations / Share (Rs.)51.5655.8548.1316.0622.67
PBDIT / Share (Rs.)286.2421.2353.9560.97-16.25
PBIT / Share (Rs.)285.4020.2953.1159.92-17.43
PBT / Share (Rs.)277.2811.8043.7951.43-24.85
Net Profit / Share (Rs.)234.3516.0529.5552.60-24.82
PBDIT Margin (%)555.1038.01112.08379.59-71.67
PBIT Margin (%)553.4736.33110.33373.05-76.90
PBT Margin (%)537.7221.1290.96320.16-109.60
Net Profit Margin (%)454.4728.7461.38327.45-109.47
Return on Networth / Equity (%)34.723.665.5018.31-44.12
Return on Capital Employeed (%)41.114.449.1520.10-30.99
Return On Assets (%)29.142.764.2312.84-16.06
Total Debt / Equity (X)0.140.260.180.341.32
Asset Turnover Ratio (%)0.070.080.080.050.11
Current Ratio (X)1.970.941.120.620.76
Quick Ratio (X)1.970.941.120.620.76
Interest Coverage Ratio (X)35.252.505.797.18-2.19
Interest Coverage Ratio (Post Tax) (X)29.862.894.177.19-2.35
Enterprise Value (Cr.)185.05107.98113.1485.9456.55
EV / Net Operating Revenue (X)5.683.063.728.473.95
EV / EBITDA (X)1.028.053.322.23-5.51
MarketCap / Net Operating Revenue (X)3.791.021.672.270.68
Price / BV (X)0.280.130.140.120.27
Price / Net Operating Revenue (X)3.791.021.672.270.68
EarningsYield1.200.280.361.44-1.60

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 391.31

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.

Undervalued: 23.83% compared to the current price 316

Intrinsic Value: 1,190.07

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 276.60% compared to the current price 316

Last 5 Year EPS CAGR: 204.12%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (140.17 cr) compared to borrowings (42.33 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (53.08 cr) and profit (20.42 cr) over the years.
  1. The stock has a low average ROCE of 3.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 52.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 91.17, 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 Dhoot Industrial Finance Ltd:
    1. Net Profit Margin: 454.47%
      • 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: 41.11% (Industry Average ROCE: 14.36%)
      • 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%: 34.72% (Industry Average ROE: 10.44%)
      • 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): 29.86
      • 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: 1.97
      • 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: 1.35 (Industry average Stock P/E: 63.65)
      • 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: 0.14
      • 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

Dhoot Industrial Finance Ltd. is a Public Limited Listed company incorporated on 27/10/1978 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51900MH1978PLC020725 and registration number is 020725. Currently Company is involved in the business activities of Activities of commission agents dealing in wholesale trade inwood, paper, skin, leather and fur, fuel, petroleum products, chemicals, perfumery and cosmetics, glass, minerals, ores and metals. Company’s Total Operating Revenue is Rs. 30.41 Cr. and Equity Capital is Rs. 6.32 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & Distributors504, Raheja Centre, Mumbai Maharashtra 400021samptrade@gmail.com
http://www.dhootfinance.com
Management
NamePosition Held
Mr. Rajgopal DhootChairman
Mr. Rohit Rajgopal DhootManaging Director
Mr. Girish C ChokseyInd. Non-Executive Director
Mr. Rajesh M LoyaInd. Non-Executive Director
Mrs. Pallavi A ParikhInd. Non-Executive Director
Mrs. Vaidehi Rohit DhootNon Executive Director

FAQ

What is the latest fair value of Dhoot Industrial Finance Ltd?

The latest fair value of Dhoot Industrial Finance Ltd is ₹391.31.

What is the Market Cap of Dhoot Industrial Finance Ltd?

The Market Cap of Dhoot Industrial Finance Ltd is 199 Cr..

What is the current Stock Price of Dhoot Industrial Finance Ltd as on 25 July 2024?

The current stock price of Dhoot Industrial Finance Ltd as on 25 July 2024 is 316.

What is the High / Low of Dhoot Industrial Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dhoot Industrial Finance Ltd stocks is 340/92.4.

What is the Stock P/E of Dhoot Industrial Finance Ltd?

The Stock P/E of Dhoot Industrial Finance Ltd is 1.35.

What is the Book Value of Dhoot Industrial Finance Ltd?

The Book Value of Dhoot Industrial Finance Ltd is 675.

What is the Dividend Yield of Dhoot Industrial Finance Ltd?

The Dividend Yield of Dhoot Industrial Finance Ltd is 0.00 %.

What is the ROCE of Dhoot Industrial Finance Ltd?

The ROCE of Dhoot Industrial Finance Ltd is 43.0 %.

What is the ROE of Dhoot Industrial Finance Ltd?

The ROE of Dhoot Industrial Finance Ltd is 42.1 %.

What is the Face Value of Dhoot Industrial Finance Ltd?

The Face Value of Dhoot Industrial Finance 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 Dhoot Industrial Finance 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