DMCC Speciality Chemicals Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:05 am

Market Cap	972 Cr.
Current Price	390
High / Low	453/245
Stock P/E	73.3
Book Value	85.4
Dividend Yield	0.26 %
ROCE	10.8 %
ROE	5.68 %
Face Value	10.0
PEG Ratio	-3.45

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
HP Adhesives Ltd	725 Cr.	78.9	131/75.0	35.2	19.2	0.38 %	17.7 %	12.6 %	2.00
Haryana Leather Chemicals Ltd	44.4 Cr.	90.5	124/56.8	9.83	87.2	1.10 %	8.96 %	7.25 %	10.0
Hardcastle & Waud Mfg Co Ltd	61.8 Cr.	909	1,355/451	32.4	663	0.00 %	7.00 %	5.98 %	10.0
Grauer & Weil (India) Ltd	4,577 Cr.	101	120/63.5	28.6	19.2	0.50 %	26.1 %	19.6 %	1.00
DMCC Speciality Chemicals Ltd	972 Cr.	390	453/245	73.3	85.4	0.26 %	10.8 %	5.68 %	10.0
Industry Average	12,868.59 Cr	928.74		58.01	173.84	0.31%	14.09%	10.82%	6.44

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	72.53	81.48	101.64	113.39	104.71	71.91	96.50	85.57	76.52	80.53	83.95	85.32	102.70
Expenses	65.45	70.01	90.45	98.49	101.11	70.83	80.21	74.60	66.99	73.41	76.55	76.47	87.40
Operating Profit	7.08	11.47	11.19	14.90	3.60	1.08	16.29	10.97	9.53	7.12	7.40	8.85	15.30
OPM %	9.76%	14.08%	11.01%	13.14%	3.44%	1.50%	16.88%	12.82%	12.45%	8.84%	8.81%	10.37%	14.90%
Other Income	0.85	0.24	3.10	0.72	0.40	0.91	0.77	0.88	0.81	0.67	9.29	0.21	0.31
Interest	0.73	0.83	2.46	2.29	1.84	3.16	3.29	3.47	2.88	3.56	3.85	3.01	2.77
Depreciation	1.81	1.83	2.62	3.32	4.92	4.80	4.54	3.55	3.90	3.91	4.33	4.16	4.25
Profit before tax	5.39	9.05	9.21	10.01	-2.76	-5.97	9.23	4.83	3.56	0.32	8.51	1.89	8.59
Tax %	32.10%	28.73%	59.50%	37.96%	0.00%	-45.23%	27.63%	34.99%	33.71%	6.25%	32.20%	26.46%	32.36%
Net Profit	3.66	6.46	3.73	6.22	-2.77	-3.28	6.68	3.14	2.36	0.29	5.78	1.39	5.80
EPS in Rs	1.47	2.59	1.50	2.49	-1.11	-1.32	2.68	1.26	0.95	0.12	2.32	0.56	2.33

Last Updated: November 6, 2024, 6:53 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	86	101	120	108	175	178	227	188	200	326	385	328	326
Expenses	81	86	101	91	145	155	174	160	165	286	351	292	293
Operating Profit	4	15	20	16	30	23	53	28	36	41	34	36	33
OPM %	5%	15%	16%	15%	17%	13%	24%	15%	18%	12%	9%	11%	10%
Other Income	37	6	-1	0	1	1	1	6	8	6	5	10	11
Interest	3	2	2	1	5	4	3	2	2	5	11	14	13
Depreciation	5	3	2	2	4	4	5	6	7	8	18	16	16
Profit before tax	33	16	14	13	21	16	47	26	34	34	10	17	14
Tax %	0%	0%	0%	9%	21%	21%	2%	-22%	4%	37%	35%	33%
Net Profit	33	16	14	12	17	12	46	31	33	21	7	12	10
EPS in Rs	15.64	7.55	6.58	5.63	7.79	4.92	18.47	12.63	13.06	8.56	2.75	4.64	3.95
Dividend Payout %	0%	0%	0%	0%	0%	10%	8%	0%	15%	6%	0%	22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-51.52%	-12.50%	-14.29%	41.67%	-29.41%	283.33%	-32.61%	6.45%	-36.36%	-66.67%	71.43%
Change in YoY Net Profit Growth (%)	0.00%	39.02%	-1.79%	55.95%	-71.08%	312.75%	-315.94%	39.06%	-42.82%	-30.30%	138.10%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	8%
3 Years:	18%
TTM:	7%

Compounded Profit Growth
10 Years:	1%
5 Years:	-24%
3 Years:	-29%
TTM:	49%

Stock Price CAGR
10 Years:	36%
5 Years:	32%
3 Years:	8%
1 Year:	28%

Return on Equity
10 Years:	18%
5 Years:	12%
3 Years:	7%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:37 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	21	21	21	21	25	25	25	25	25	25	25	25	25
Reserves	-29	-13	1	13	35	48	91	120	148	168	173	184	188
Borrowings	36	38	35	27	30	25	22	25	35	93	101	65	60
Other Liabilities	82	53	32	34	59	59	51	42	55	97	101	102	116
Total Liabilities	110	99	88	94	149	156	188	212	263	383	400	377	389
Fixed Assets	34	26	24	26	83	87	99	101	108	174	230	238	233
CWIP	1	1	1	5	3	3	1	9	38	63	11	6	9
Investments	0	0	0	0	2	4	3	3	1	1	1	1	1
Other Assets	75	72	63	63	60	62	86	98	116	146	159	132	147
Total Assets	110	99	88	94	149	156	188	212	263	383	400	377	389

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-20	13	22	17	29	18	21	27	32	51	30	38
Cash from Investing Activity +	42	11	-1	-7	-8	-9	-13	-17	-40	-98	-21	-10
Cash from Financing Activity +	-21	-24	-19	-10	-19	-9	-8	-6	3	45	-10	-27
Net Cash Flow	0	0	2	1	2	0	-0	5	-4	-2	-1	1

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-32.00	-23.00	-15.00	-11.00	0.00	-2.00	31.00	3.00	1.00	-52.00	-67.00	-29.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	50	61	44	44	45	45	48	48	58	56	49	51
Inventory Days	42	52	62	104	60	73	80	113	151	79	78	80
Days Payable	136	126	76	115	129	114	79	68	116	131	121	118
Cash Conversion Cycle	-45	-12	29	33	-25	4	49	93	94	3	6	13
Working Capital Days	4	15	1	-7	-15	-6	46	81	47	15	15	13
ROCE %	-1%	34%	34%	24%	35%	21%	43%	18%	19%	16%	7%	11%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	53.35%	53.84%	53.84%	53.85%	53.84%	53.84%	53.84%	53.84%	53.84%	53.84%	53.84%	53.84%
FIIs	0.00%	0.03%	0.00%	0.06%	0.10%	0.05%	0.00%	0.00%	0.00%	0.00%	0.06%	0.26%
DIIs	1.24%	1.24%	1.25%	1.24%	1.24%	1.24%	1.24%	1.24%	1.26%	1.24%	1.24%	1.24%
Public	45.40%	44.89%	44.91%	44.84%	44.82%	44.85%	44.90%	44.91%	44.90%	44.91%	44.85%	44.66%
No. of Shareholders	20,986	21,455	22,553	22,663	22,255	21,595	22,322	21,771	21,396	20,579	20,732	20,826

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.65	2.78	8.56	13.06	12.62
Diluted EPS (Rs.)	4.65	2.78	8.56	13.06	12.62
Cash EPS (Rs.)	10.95	9.84	11.79	15.80	15.09
Book Value[Excl.RevalReserv]/Share (Rs.)	84.02	79.49	77.64	69.44	58.09
Book Value[Incl.RevalReserv]/Share (Rs.)	84.02	79.49	77.64	69.44	58.09
Revenue From Operations / Share (Rs.)	131.50	154.26	130.83	80.25	75.25
PBDIT / Share (Rs.)	18.73	15.55	18.48	17.35	13.65
PBIT / Share (Rs.)	12.43	8.49	15.25	14.61	11.18
PBT / Share (Rs.)	6.92	4.25	13.69	13.65	10.37
Net Profit / Share (Rs.)	4.65	2.78	8.56	13.06	12.62
NP After MI And SOA / Share (Rs.)	4.65	2.78	8.56	13.06	12.62
PBDIT Margin (%)	14.24	10.07	14.12	21.61	18.14
PBIT Margin (%)	9.45	5.50	11.65	18.20	14.85
PBT Margin (%)	5.26	2.75	10.46	17.00	13.77
Net Profit Margin (%)	3.53	1.80	6.54	16.27	16.76
NP After MI And SOA Margin (%)	3.53	1.80	6.54	16.27	16.76
Return on Networth / Equity (%)	5.53	3.49	11.02	18.81	21.71
Return on Capital Employeed (%)	11.47	7.88	15.10	18.68	16.88
Return On Assets (%)	3.07	1.72	5.56	12.35	14.84
Long Term Debt / Equity (X)	0.27	0.34	0.28	0.09	0.10
Total Debt / Equity (X)	0.31	0.40	0.40	0.14	0.10
Asset Turnover Ratio (%)	0.84	0.98	1.01	0.84	0.93
Current Ratio (X)	1.08	1.04	0.95	1.68	2.13
Quick Ratio (X)	0.66	0.63	0.64	1.13	1.53
Inventory Turnover Ratio (X)	4.03	5.48	5.09	2.94	3.58
Dividend Payout Ratio (NP) (%)	0.00	35.98	5.84	11.68	9.35
Dividend Payout Ratio (CP) (%)	0.00	10.16	4.24	9.65	7.81
Earning Retention Ratio (%)	0.00	64.02	94.16	88.32	90.65
Cash Earning Retention Ratio (%)	0.00	89.84	95.76	90.35	92.19
Interest Coverage Ratio (X)	3.40	3.67	11.84	18.03	16.76
Interest Coverage Ratio (Post Tax) (X)	1.84	1.66	6.48	14.57	16.49
Enterprise Value (Cr.)	745.75	677.05	982.66	815.55	177.20
EV / Net Operating Revenue (X)	2.27	1.76	3.01	4.07	0.94
EV / EBITDA (X)	15.96	17.46	21.32	18.85	5.20
MarketCap / Net Operating Revenue (X)	2.09	1.56	2.78	3.96	0.89
Retention Ratios (%)	0.00	64.01	94.15	88.31	90.64
Price / BV (X)	3.27	3.02	4.69	4.58	1.16
Price / Net Operating Revenue (X)	2.09	1.56	2.78	3.96	0.89
EarningsYield	0.01	0.01	0.02	0.04	0.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 356.48

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 December 22, 2024, is Overvalued by 8.59% compared to the current share price 390.00

Intrinsic Value of as of December 22, 2024 is: 280.65

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 December 22, 2024, is Overvalued by 28.04% compared to the current share price 390.00

Last 5 Year EPS CAGR: -21.27%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.75%, which is a positive sign. The stock has a low average Working Capital Days of 17.42, which is a positive sign. The company has higher reserves (86.69 cr) compared to borrowings (45.54 cr), indicating strong financial stability. The company has shown consistent growth in sales (211.38 cr) and profit (22.69 cr) over the years.	The stock has a high average Cash Conversion Cycle of 20.17, which may not be favorable.

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 :
1. Net Profit Margin: 3.53%
  - 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: 11.47% (Industry Average ROCE: 14.09%)
  - 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%: 5.53% (Industry Average ROE: 10.48%)
  - 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): 1.84
  - 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: 0.66
  - 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: 73.3 (Industry average Stock P/E: 48.95)
  - 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: 0.31
  - 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

DMCC Speciality Chemicals Ltd. is a Public Limited Listed company incorporated on 12/09/1919 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24110MH1919PLC000564 and registration number is 000564. Currently Company is involved in the business activities of Manufacture of other chemical products. Company’s Total Operating Revenue is Rs. 326.30 Cr. and Equity Capital is Rs. 24.94 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Speciality - Others	Prospect Chambers, 317/321, Dr. Dadabhoy Naoroji Road, Mumbai Maharashtra 400001	investors@dmcc.com http://www.dmcc.com

Management
Name	Position Held
Mr. Laxmikumar Narottam Goculdas	Chairman
Ms. Mitika Laxmikumar Goculdas	Vice Chairperson
Mr. Bimal Lalitsingh Goculdas	Managing Director & CEO
Mr. Kuldeep Kumar Tiwari	Executive Director - Operations
Mr. Mukul Manoharlal Taly	Ind. Non-Executive Director
Mr. Sanjeev Vishwanath Joshi	Ind. Non-Executive Director
Mr. Madhu Thakorlal Ankleshwaria	Ind. Non-Executive Director
Dr.(Mrs.) Janaki Ashwin Patwardhan	Ind. Non-Executive Director
Mr. Haren Devidas Parekh	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹356.48, which is 8.59% lower than the current market price of ₹390.00. The stock has a market capitalization of 972 Cr. and recorded a high/low of 453/245 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹188 Cr and total liabilities of ₹389 Cr.

What is the Market Cap of ?

The Market Cap of is 972 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 390.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 453/245.

What is the Stock P/E of ?

The Stock P/E of is 73.3.

What is the Book Value of ?

The Book Value of is 85.4.

What is the Dividend Yield of ?

The Dividend Yield of is 0.26 %.

What is the ROCE of ?

The ROCE of is 10.8 %.

What is the ROE of ?

The ROE of is 5.68 %.

What is the Face Value of ?

The Face Value of is 10.0.