Dai-Ichi Karkaria

₹591.5 -3.5 | 0.6%

WEBSITE BSE:526821 NSE : DAI-ICHI KAR 18 May, 12:50

Market Cap ₹441 Cr.

Stock P/E 32.9

P/B 2.5

Current Price ₹591.5

Book Value ₹ 240.5

Face Value 10

52W High ₹666

Dividend Yield 0.68%

52W Low ₹ 326.7

Edit Ratio

Dai-Ichi Karkaria Research see more...

Overview Inc. Year: 1960Industry: Chemicals

Dai-Ichi Karkaria Ltd is a globally recognized chemical manufacturing company headquartered in Mumbai, India. With a rich history spanning several decades, the company has established itself as a leading provider of specialty chemicals, polymers, and coatings for various industries. Dai-Ichi Karkaria has a diverse product portfolio, catering to sectors such as pharmaceuticals, personal care, textiles, paints and coatings, agrochemicals, and more. The company's commitment to research and development enables them to consistently innovate and deliver high-quality products that meet stringent industry standards. Their state-of-the-art manufacturing facilities are equipped with advanced technologies, ensuring efficiency and sustainability in production processes. Dai-Ichi Karkaria's success is attributed to their focus on customer satisfaction, offering customized solutions, technical expertise, and reliable after-sales support. They have a strong global presence, serving customers in over 50 countries through an extensive network of subsidiaries, agents, and distributors. Driven by their core values of integrity, quality, and sustainability, Dai-Ichi Karkaria continues to be a trusted partner for industries worldwide, providing innovative chemical solutions for diverse applications.

Dai-Ichi Karkaria Share Price

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Peer Comparison

Dai-Ichi Karkaria Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	26	30	31	38	54	49	42	28	35	35
Other Income	1	1	1	1	2	2	1	1	1	1
Total Income	27	32	32	40	56	51	44	29	36	36
Total Expenditure	31	34	36	39	49	42	37	28	33	33
Operating Profit	-4	-3	-4	0	7	9	6	0	3	3
Interest	0	1	0	1	1	1	1	1	1	0
Depreciation	2	2	2	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	4	0	7	3	0	0	21	0
Profit Before Tax	-6	-5	-2	-2	12	9	3	-3	20	0
Provision for Tax	0	0	0	0	0	0	4	-0	5	-0
Profit After Tax	-6	-5	-2	-2	12	9	-0	-3	15	1
Adjustments	-0	0	0	0	0	0	1	0	-0	1
Profit After Adjustments	-7	-5	-1	-2	12	9	1	-3	15	1
Adjusted Earnings Per Share	-8.7	-6.6	-1.9	-2.6	16.5	12.3	0.8	-3.9	19.6	1.5

Dai-Ichi Karkaria Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	102	147	181	194	126	147	92	107	97	122	184	140
Other Income	5	4	8	4	12	6	3	4	5	4	6	4
Total Income	107	151	189	198	138	153	96	111	102	126	190	145
Total Expenditure	96	134	159	162	109	132	103	112	111	140	168	131
Operating Profit	11	17	30	37	30	21	-8	-1	-9	-14	22	12
Interest	0	1	0	1	0	0	7	10	9	1	3	3
Depreciation	2	2	5	2	2	4	8	9	9	7	7	8
Exceptional Income / Expenses	0	6	7	0	0	0	-1	-4	82	4	10	21
Profit Before Tax	9	20	32	34	27	16	-24	-25	56	-18	22	20
Provision for Tax	2	5	9	12	7	4	-12	0	7	0	4	9
Profit After Tax	7	16	23	22	21	12	-13	-25	48	-18	18	13
Adjustments	-0	-0	-0	-0	4	2	0	2	2	0	2	2
Profit After Adjustments	7	16	23	22	25	14	-13	-23	51	-18	20	14
Adjusted Earnings Per Share	8.8	20.9	31.2	29.3	33.4	18.3	-16.9	-30.8	68	-24.2	26.9	18

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	51%	20%	5%	6%
Operating Profit CAGR	0%	0%	1%	7%
PAT CAGR	0%	0%	8%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	51%	16%	22%	23%
ROE Average	12%	11%	1%	9%
ROCE Average	13%	12%	4%	14%

Dai-Ichi Karkaria Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	74	87	108	126	150	159	143	120	170	150	170
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1	1	1	1	4	60	73	68	0	4	17
Other Non-Current Liabilities	2	1	21	26	2	38	26	27	35	35	22
Total Current Liabilities	20	29	36	30	23	54	64	80	66	58	58
Total Liabilities	97	119	167	184	179	311	306	295	272	247	267
Fixed Assets	17	17	16	17	20	94	164	153	105	105	139
Other Non-Current Assets	17	19	42	61	68	118	70	68	75	73	59
Total Current Assets	64	83	108	106	91	100	72	74	93	67	68
Total Assets	97	119	167	184	179	311	306	295	272	247	267

Dai-Ichi Karkaria Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	7	5	7	4	2	4	5	1	12	2
Cash Flow from Operating Activities	-4	4	5	11	3	-8	6	1	-22	-3	23
Cash Flow from Investing Activities	9	-3	-0	-8	-7	-57	-21	1	130	-4	-33
Cash Flow from Financing Activities	-2	-3	-3	-6	2	66	16	-6	-97	-2	13
Net Cash Inflow / Outflow	4	-2	3	-3	-2	2	2	-4	11	-10	4
Closing Cash & Cash Equivalent	7	5	7	4	2	4	5	1	12	2	6

Dai-Ichi Karkaria Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.83	20.94	31.25	29.34	33.44	18.32	-16.93	-30.77	68.03	-24.2	26.94
CEPS(Rs)	10.95	23.21	37.38	32.45	30.75	22.08	-6.04	-20.78	76.44	-15.4	34.79
DPS(Rs)	2.5	2.5	2.5	3	3	2.5	0	0	3	0	4
Book NAV/Share(Rs)	94.53	112.45	140.59	164.93	201.17	213.19	191.54	160.6	228.82	201.21	228.05
Core EBITDA Margin(%)	5.37	8.19	11.75	15.96	13.03	10.25	-11.62	-4.7	-13.84	-14.92	8.68
EBIT Margin(%)	8.49	13.25	17.24	16.95	20.59	11.12	-18.42	-13.64	66.42	-13.63	13.75
Pre Tax Margin(%)	8.2	12.91	17.01	16.56	20.52	10.99	-26.21	-23.14	57.03	-14.84	12.09
PAT Margin (%)	5.98	9.87	12.23	10.8	15.59	8.04	-13.59	-23.14	49.48	-14.84	10.1
Cash Profit Margin (%)	7.42	10.94	14.63	11.94	17.1	11.04	-4.84	-14.37	58.17	-9.32	14.18
ROA(%)	7.06	14.43	16.31	12.46	11.5	4.88	-4.09	-8.3	17.09	-7.04	7.19
ROE(%)	9.64	20.24	24.7	19.21	15.32	7.76	-8.38	-19.01	33.39	-11.41	11.55
ROCE(%)	13.43	26.73	34.41	29.83	19.85	8.51	-7.1	-6.2	31.07	-9.26	13.25
Receivable days	57.33	57.97	64.88	67.19	78.28	62.21	91.91	62.54	82.38	61.38	44.27
Inventory Days	36.38	29.55	29.06	29.24	43.9	43.59	71.41	63.41	83.63	70.1	41.9
Payable days	65.22	58.47	77.41	88.1	95.23	68.94	125.95	129.66	182.69	140.31	89.16
PER(x)	4.42	2.57	5.02	11.9	14.84	21.61	0	0	4.38	0	13.44
Price/Book(x)	0.41	0.48	1.12	2.12	2.47	1.86	1.07	1.09	1.3	1.82	1.59
Dividend Yield(%)	6.41	4.65	1.59	0.86	0.6	0.63	0	0	1.01	0	1.1
EV/Net Sales(x)	0.19	0.23	0.59	1.3	2.93	2.48	2.7	2.19	2.33	2.37	1.63
EV/Core EBITDA(x)	1.79	2.03	3.56	6.88	12.45	17.33	-33.06	-189.49	-26.34	-20.62	13.42
Net Sales Growth(%)	31.69	45.03	22.81	7.09	-35	16.6	-37.13	16.05	-9.1	25.07	50.97
EBIT Growth(%)	64.6	124.3	56.69	4.49	-19.58	-39.94	-203.32	14.14	542.38	-125.8	249.88
PAT Growth(%)	55.31	137.25	49.22	-6.1	-4.45	-42.65	-205.43	-97.47	294.23	-137.72	201.09
EPS Growth(%)	55.31	137.25	49.22	-6.1	13.96	-45.2	-192.38	-81.76	321.12	-135.58	211.31
Debt/Equity(x)	0.02	0.01	0.01	0.01	0.03	0.48	0.73	0.91	0.12	0.14	0.22
Current Ratio(x)	3.18	2.86	3.01	3.47	3.91	1.84	1.13	0.92	1.4	1.17	1.19
Quick Ratio(x)	2.59	2.38	2.55	2.95	3.21	1.49	0.86	0.67	1.04	0.77	0.85
Interest Cover(x)	29.32	38.87	74.33	43.62	275.9	82.85	-2.36	-1.44	7.07	-11.26	8.27
Total Debt/Mcap(x)	0.05	0.03	0.01	0.01	0.01	0.26	0.68	0.83	0.09	0.08	0.14

Dai-Ichi Karkaria Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	63.88	63.88	63.88	63.88	63.88	63.88	63.88	63.88	63.88	63.88
FII	0	0	0	0	0	0	0	0	0	0
DII	0.44	0.44	0.44	0.44	0.44	0.35	0.35	0.35	0	0
Public	35.69	35.69	35.69	35.69	35.69	35.77	35.77	35.77	36.12	36.12
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27
Others	0	0	0	0	0	0	0	0	0	0
Total	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75

Pros

Debtor days have improved from 140.31 to 89.16days.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
The company has delivered a poor profit growth of 8% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.