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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Dynemic Products Ltd

About the Company - Dynemic Products Ltd

Dynemic Products Ltd. is a Public Limited Listed company incorporated on 14/06/1990 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24100GJ1990PLC013886 and registration number is 013886. Currently Company is involved in the business activities of Manufacture of tanning or dying extracts; tannings and their derivatives and colouring matter (including manufacture of indigo). Company’s Total Operating Revenue is Rs. 251.93 Cr. and Equity Capital is Rs. 11.33 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsB- 301, Satyamev Complex-1, Ahmedabad Gujarat 380060cs@dynemic.com
http://www.dynemic.com
Management
NamePosition Held
Mr. Bhagwandas K PatelManaging Director
Mr. Dixit B PatelWhole Time Director
Mr. Rameshbhai B PatelWhole Time Director
Ms. Rashmi K OtavaniIndependent Director
Mr. Jagdishbhai S ShahIndependent Director
Mr. Shankarlal B MundraIndependent Director

Dynemic Products Ltd. Share Price Update

Share PriceValue
Today₹311.85
Previous Day₹320.05

Basic Stock Data of Dynemic Products Ltd

Last Updated: April 6, 2024, 9:42 am

Market Cap 384 Cr.
Current Price 319
High / Low424/252
Stock P/E110
Book Value 162
Dividend Yield0.00 %
ROCE3.67 %
ROE1.66 %
Face Value 10.0

Data Source: screener.in

Dynemic Products Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales55.4257.6358.7557.9563.4471.7765.2484.4173.8472.4368.1665.3971.55
Expenses42.9647.7645.6249.4751.5862.5664.9874.7565.6161.8358.7561.1063.66
Operating Profit12.469.8713.138.4811.869.210.269.668.2310.609.414.297.89
OPM %22.48%17.13%22.35%14.63%18.69%12.83%0.40%11.44%11.15%14.63%13.81%6.56%11.03%
Other Income0.000.100.040.040.030.190.050.050.060.240.050.060.07
Interest0.471.420.671.872.143.764.294.523.713.592.563.932.76
Depreciation0.870.860.842.773.673.984.174.224.234.144.194.224.18
Profit before tax11.127.6911.663.886.081.66-8.150.970.353.112.71-3.801.02
Tax %25.54%24.71%25.73%-35.57%15.95%384.94%-0.25%1.03%5.71%-27.01%29.15%5.53%-20.59%
Net Profit8.285.798.665.255.11-4.72-8.170.970.323.941.91-3.591.23
EPS in Rs6.964.877.284.414.29-3.97-6.870.820.273.371.64-2.981.02

Last Updated: April 6, 2024, 9:42 am

Dynemic Products Ltd Quarterly Chart

Dynemic Products Ltd Profit & Loss

Last Updated: April 2, 2024, 5:29 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8386117129130129164167182206252296280
Expenses727798111113104133137146162209267247
Operating Profit11101918172531303643432933
OPM %13%11%16%14%13%20%19%18%20%21%17%10%12%
Other Income0110000011000
Interest221222112281614
Depreciation2223333333111717
Profit before tax87161312212725323823-42
Tax %34%35%35%27%34%34%35%29%25%26%39%21%
Net Profit541098141818242814-33
EPS in Rs4.503.708.727.946.3711.3914.7615.1120.3123.9412.02-2.522.30
Dividend Payout %27%33%16%0%22%13%10%9%7%0%0%0%

Dynemic Products Ltd Profit & Loss Yearly Chart

Dynemic Products Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:12%
3 Years:18%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:130%
Stock Price CAGR
10 Years:27%
5 Years:23%
3 Years:-14%
1 Year:19%
Return on Equity
10 Years:14%
5 Years:12%
3 Years:8%
Last Year:-2%

Dynemic Products Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111212
Reserves2730384753668197117145159171183
Borrowings2222283633252531101153174148135
Other Liabilities16152118151722192242708168
Total Liabilities767798112111120140158251351415412398
Fixed Assets32323235343535383634272259252
CWIP0099910142571194000
Investments3431111111111
Other Assets4041546766749094143121142152144
Total Assets767798112111120140158251351415412398

Dynemic Products Ltd Reserves and Borrowings Chart

Dynemic Products Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2581101210137484025
Cash from Investing Activity -2-2-10-4-3-3-7-17-70-98-522
Cash from Financing Activity 1-323-7-9-43644912-26
Net Cash Flow0-0101-0-0-01-0-00

Dynemic Products Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days615862627379729164736863
Inventory Days1101159111796113105134118144153
Days Payable504043412224192878145146
Cash Conversion Cycle121134110137147791611771701136770
Working Capital Days1161211051371381591451591831319376
ROCE %17%14%25%18%14%22%26%21%18%15%10%4%

Dynemic Products Ltd Financial Efficiency Indicators Chart

Dynemic Products Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters35.79%29.69%29.75%29.75%29.75%30.26%30.26%30.26%30.27%30.31%29.42%29.42%
FIIs0.61%0.48%0.26%0.27%0.16%0.11%0.25%0.13%0.02%0.13%0.05%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.08%0.00%
Public63.60%69.83%69.99%69.98%70.09%69.64%69.50%69.61%69.70%69.47%70.46%70.57%
No. of Shareholders12,51716,08216,56717,22518,17418,98818,47716,70816,25115,75816,04316,550

Dynemic Products Ltd Shareholding Pattern Chart

No. of Dynemic Products Ltd Shareholders

This stock is not held by any mutual fund

Dynemic Products Ltd ROCE Trend

Dynemic Products Ltd EPS Trend

Dynemic Products Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-3.1412.4725.0621.1015.70
Diluted EPS (Rs.)-3.2412.4725.0621.1015.70
Cash EPS (Rs.)11.8122.5728.1924.3218.83
Book Value[Excl.RevalReserv]/Share (Rs.)156.57150.55138.07113.0295.53
Book Value[Incl.RevalReserv]/Share (Rs.)156.57150.55138.07113.0295.53
Revenue From Operations / Share (Rs.)253.21222.38181.48160.90147.13
PBDIT / Share (Rs.)24.9337.9538.8532.7626.45
PBIT / Share (Rs.)10.6028.0035.8129.7523.48
PBT / Share (Rs.)-3.1820.5533.8128.3722.45
Net Profit / Share (Rs.)-2.5212.6225.1521.3215.87
NP After MI And SOA / Share (Rs.)-2.5212.6225.1521.3415.87
PBDIT Margin (%)9.8417.0621.4020.3617.97
PBIT Margin (%)4.1812.5919.7318.4915.96
PBT Margin (%)-1.259.2318.6217.6315.25
Net Profit Margin (%)-0.995.6713.8613.2410.78
NP After MI And SOA Margin (%)-0.995.6713.8513.2610.78
Return on Networth / Equity (%)-1.608.3818.2218.8816.62
Return on Capital Employeed (%)4.7011.2715.7915.7423.49
Return On Assets (%)-0.713.448.119.6311.35
Long Term Debt / Equity (X)0.360.560.610.640.00
Total Debt / Equity (X)0.801.020.880.780.28
Asset Turnover Ratio (%)0.710.650.680.891.12
Current Ratio (X)0.870.981.193.671.96
Quick Ratio (X)0.430.590.812.681.36
Inventory Turnover Ratio (X)2.752.982.743.073.12
Dividend Payout Ratio (NP) (%)0.000.000.007.030.00
Dividend Payout Ratio (CP) (%)0.000.000.006.160.00
Earning Retention Ratio (%)0.000.000.0092.970.00
Cash Earning Retention Ratio (%)0.000.000.0093.840.00
Interest Coverage Ratio (X)1.815.0919.3223.6125.51
Interest Coverage Ratio (Post Tax) (X)0.812.6913.5116.3616.31
Enterprise Value (Cr.)420.67831.14728.67205.04163.01
EV / Net Operating Revenue (X)1.423.303.541.120.97
EV / EBITDA (X)14.4419.3316.565.525.44
MarketCap / Net Operating Revenue (X)0.922.622.870.710.80
Retention Ratios (%)0.000.000.0092.960.00
Price / BV (X)1.503.873.781.021.24
Price / Net Operating Revenue (X)0.922.622.870.710.80
EarningsYield-0.010.020.040.180.13

Dynemic Products Ltd Profitability Ratios (%)

Dynemic Products Ltd Liquidity Ratios

Dynemic Products Ltd Liquidity Ratios (%)

Dynemic Products Ltd Interest Coverage Ratios (%)

Dynemic Products Ltd Valuation Ratios

Fair Value of Dynemic Products Ltd Stock

Fair Value: 301.73

The stock is overvalued by 5.41% compared to the current price ₹319

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.

*Investments are subject to market risks

Strength and Weakness of Dynemic Products Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.00%, which is a positive sign.
  2. The company has higher reserves (93.38 cr) compared to borrowings (71.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (170.85 cr) and profit (16.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 130.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 123.83, which may not be favorable.

FAQ

What is the latest fair value of Dynemic Products Ltd?

The latest fair value of Dynemic Products Ltd is ₹301.73.

What is the Market Cap of Dynemic Products Ltd?

The Market Cap of Dynemic Products Ltd is 384 Cr..

What is the current Stock Price of Dynemic Products Ltd as on 06 April 2024?

The current stock price of Dynemic Products Ltd as on 06 April 2024 is 319.

What is the High / Low of Dynemic Products Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dynemic Products Ltd stocks is ₹424/252.

What is the Stock P/E of Dynemic Products Ltd?

The Stock P/E of Dynemic Products Ltd is 110.

What is the Book Value of Dynemic Products Ltd?

The Book Value of Dynemic Products Ltd is 162.

What is the Dividend Yield of Dynemic Products Ltd?

The Dividend Yield of Dynemic Products Ltd is 0.00 %.

What is the ROCE of Dynemic Products Ltd?

The ROCE of Dynemic Products Ltd is 3.67 %.

What is the ROE of Dynemic Products Ltd?

The ROE of Dynemic Products Ltd is 1.66 %.

What is the Face Value of Dynemic Products Ltd?

The Face Value of Dynemic Products 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 Dynemic Products 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