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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹27 Cr.
Stock P/E
13.8
P/B
1
Current Price
₹64.2
Book Value
₹ 65.6
Face Value
10
52W High
₹90
52W Low
₹ 51.2
Dividend Yield
0%

Deco-Mica Overview

1. Business Overview

Deco-Mica Ltd. operates in the laminates and decoratives sector in India. The company's core business involves manufacturing and selling various types of decorative laminates and surface solutions. These products are primarily used in interior applications for furniture, cabinetry, wall panels, flooring, and other decorative surfaces in residential, commercial, and institutional spaces. The business model typically involves manufacturing these products and distributing them through a network of dealers, distributors, and directly to B2B clients such as architects, interior designers, contractors, and furniture manufacturers. Deco-Mica generates revenue by selling these finished laminate and decorative products to its customer base.

2. Key Segments / Revenue Mix

Given the company's sector, its primary revenue stream would be from the sale of decorative laminates. This segment can further be broken down by product type (e.g., high-pressure laminates, low-pressure laminates, compact laminates, specialized laminates like fire-retardant or anti-bacterial), by application, or by end-user segment (e.g., residential, commercial). Without specific financial data, it is not possible to provide a detailed breakdown of revenue mix or contribution from different segments.

3. Industry & Positioning

The Indian laminates and decoratives industry is characterized by a mix of organized and unorganized players, with increasing consolidation towards the organized sector. It is driven by the robust growth in real estate, housing, and commercial infrastructure, coupled with rising disposable incomes and aspirations for modern, aesthetic interiors. The market is competitive, with differentiation often coming from design innovation, product quality, durability, and brand perception. Deco-Mica Ltd. would be positioned as one of the players within this competitive landscape, aiming to cater to various price points and customer segments through its product offerings and distribution strength. Its specific market share or competitive standing against major domestic and international players is not available without further data.

4. Competitive Advantage (Moat)

Without specific company details, it's challenging to confirm a durable competitive advantage. However, potential moats in the laminates sector could include:

Brand Reputation: A strong brand built on quality, reliability, and design innovation can command premium pricing and customer loyalty.

Extensive Distribution Network: A wide and efficient dealer/distributor network ensures product availability and market penetration, especially in a geographically diverse market like India.

Economies of Scale: Larger production volumes can lead to cost efficiencies in raw material procurement and manufacturing, allowing for competitive pricing.

Design & R&D Capabilities: Continuous innovation in patterns, textures, and specialized product features (e.g., anti-scratch, moisture-resistant) can differentiate products.

Strong Relationships: Deep relationships with architects, interior designers, and contractors can drive specifications and repeat business.

If Deco-Mica possesses one or more of these traits, it could offer a sustainable advantage.

5. Growth Drivers

Urbanization & Housing Growth: Rapid urbanization and increased construction activity in both residential and commercial sectors in India will drive demand for interior finishing materials.

Rising Disposable Incomes & Aspirations: Growing middle-class population with higher disposable incomes leads to increased spending on home décor and aesthetically pleasing interiors.

Shift to Organized Sector: Consumers and contractors increasingly prefer branded, quality-assured products from organized players over unorganized alternatives.

Premiumization & Design Trends: A growing preference for designer, themed, and technologically advanced laminates (e.g., anti-fingerprint, matte finishes) allows for value-added sales.

Government Initiatives: Schemes like "Housing for All" and infrastructure development can indirectly boost demand for building materials.

6. Risks

Raw Material Price Volatility: Key inputs like paper, resins, and chemicals are commodity-linked, making profitability susceptible to price fluctuations.

Intense Competition: The presence of numerous domestic and international players, along with unorganized entities, leads to price competition and pressure on margins.

Economic Slowdown: A downturn in the broader economy, particularly impacting real estate and consumer spending, could curb demand for laminates.

Fashion & Design Obsolescence: Rapidly changing interior design trends necessitate continuous investment in R&D and design updates, posing a risk if the company fails to adapt.

Distribution Network Dependence: Reliance on a robust dealer network means that any disruption or dissatisfaction within this channel could impact sales.

Regulatory & Environmental Compliance: Manufacturing processes may be subject to evolving environmental regulations, requiring ongoing investment in compliance.

7. Management & Ownership

As an Indian company, Deco-Mica Ltd. is likely to be promoter-driven, a common ownership structure in India where founding families or individuals hold significant stakes and active management roles. The quality of management would depend on their strategic vision, execution capabilities, financial prudence, and ability to navigate market challenges and foster innovation. Without specific information, it's not possible to comment on the management's quality or the detailed ownership structure beyond this general assumption.

8. Outlook

The outlook for Deco-Mica Ltd. is balanced. The company operates within a fundamentally growing sector in India, propelled by urbanization, rising incomes, and a strong pipeline of real estate and construction projects. These macro tailwinds provide a significant growth runway for decorative laminates. However, the industry is also highly competitive, marked by raw material price volatility and the need for continuous product innovation and strong distribution. Success will depend on Deco-Mica's ability to differentiate its products, maintain a strong brand presence, effectively manage its cost structure, and expand its market reach in an evolving consumer landscape. The capacity to adapt to changing design trends and operational efficiency will be crucial in navigating the inherent challenges of this competitive market.

Deco-Mica Share Price

Live · BSE · Inception: 1988
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Volume
Price

Deco-Mica Quarterly Price

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Deco-Mica Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 18 16 27 16 18 20 22 15 16 17
Other Income 0 0 0 1 0 0 1 0 0 0
Total Income 18 16 27 16 18 20 23 15 17 17
Total Expenditure 17 15 23 15 17 18 20 14 16 15
Operating Profit 2 1 4 1 1 2 3 2 1 2
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 3 0 0 1 1 1 -1 1
Provision for Tax 0 0 1 0 0 0 1 0 -0 0
Profit After Tax 1 -0 2 0 0 1 1 0 -0 1
Adjustments -0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments 1 -0 2 0 0 1 1 0 -0 1
Adjusted Earnings Per Share 1.4 -0.1 4 0.2 0.2 2.2 2.1 1 -0.9 1.4

Deco-Mica Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 46 41 32 51 51 49 53 72 78 77 76 70
Other Income 0 0 0 0 0 0 0 0 1 1 2 1
Total Income 46 41 33 51 52 49 54 72 79 78 78 72
Total Expenditure 42 37 29 47 47 45 49 66 72 71 71 65
Operating Profit 4 4 4 5 4 4 5 6 7 7 7 8
Interest 1 1 1 1 1 2 2 2 2 2 2 4
Depreciation 1 1 1 1 1 1 1 1 1 1 2 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 2 3 2 1 2 3 3 4 3 2
Provision for Tax 1 0 1 1 0 0 1 1 1 1 1 1
Profit After Tax 1 1 1 2 1 1 1 2 2 2 2 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 1 2 1 1 1 2 2 2 2 2
Adjusted Earnings Per Share 2.9 2.9 2.4 4 3.4 2.1 3.2 4.8 5.4 5.5 4.6 3.6

Deco-Mica Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 11 12 13 15 16 17 19 21 23 25 27
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 3 4 2 2 0 2 1 1 1 1
Other Non-Current Liabilities 1 1 2 1 1 3 2 2 2 2 3
Total Current Liabilities 25 28 24 28 31 32 27 38 38 42 49
Total Liabilities 39 44 43 46 50 52 49 62 64 70 79
Fixed Assets 10 11 12 11 11 11 11 11 12 12 13
Other Non-Current Assets 0 0 1 0 0 2 1 1 1 1 0
Total Current Assets 29 33 30 34 39 39 38 50 51 58 65
Total Assets 39 44 43 46 50 52 49 62 64 70 79

Deco-Mica Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 1 1 5 0 -1 -1 -1 -0 7 1 5
Cash Flow from Investing Activities -2 -1 -1 -1 -1 -1 -1 -1 -2 -2 -1
Cash Flow from Financing Activities 2 4 -3 0 2 2 2 2 -5 1 -4
Net Cash Inflow / Outflow 0 4 -0 0 -0 0 0 -0 -0 0 -0
Closing Cash & Cash Equivalent 0 4 0 0 0 0 0 0 0 0 0

Deco-Mica Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.92 2.87 2.36 3.99 3.37 2.06 3.17 4.82 5.43 5.5 4.64
CEPS(Rs) 4.26 4.83 4.71 6.44 5.85 4.6 5.76 7.57 8.55 8.53 8.4
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 26.32 29.2 31.41 35.33 38.92 40.93 44.26 49.06 54.29 59.52 64.1
Core EBITDA Margin(%) 7.03 8.33 9.9 8.38 7.26 7.56 8.17 7.2 7.86 8.51 7.18
EBIT Margin(%) 6.09 6.79 7.71 7.23 6.17 5.74 6.47 6.2 7.25 7.52 7.28
Pre Tax Margin(%) 3.72 3.71 4.18 4.91 3.46 2.4 3.6 3.95 4.21 4.57 4.1
PAT Margin (%) 2.41 2.64 2.76 3.21 2.75 1.78 2.44 2.76 2.91 2.99 2.55
Cash Profit Margin (%) 3.51 4.43 5.49 5.17 4.77 3.98 4.43 4.34 4.59 4.63 4.63
ROA(%) 3.28 2.89 2.27 3.77 2.94 1.69 2.63 3.65 3.64 3.46 2.61
ROE(%) 11.73 10.35 7.8 11.96 9.08 5.16 7.43 10.33 10.52 9.66 7.5
ROCE(%) 14.81 12.33 10.39 14.22 10.85 8.6 9.91 11.57 13.86 13.44 11.97
Receivable days 125.65 147.6 195.13 155.26 178 188.51 159.54 125.43 128.73 145.7 175.56
Inventory Days 56.34 63.86 91.67 61.48 66.31 91.65 88.81 84.19 99.66 102.86 110.76
Payable days 118.47 130.18 201.08 142.06 151.46 159.63 91.4 60.24 89.7 100.19 116.8
PER(x) 2.52 6.16 9.63 9.03 6.44 0 7.74 8.51 10.65 10.76 12.73
Price/Book(x) 0.28 0.61 0.72 1.02 0.56 0 0.55 0.84 1.07 0.99 0.92
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.29 0.46 0.66 0.54 0.45 0.42 0.53 0.51 0.53 0.58 0.58
EV/Core EBITDA(x) 3.64 4.81 5.68 5.71 5.47 5.23 6.14 6.47 5.92 6.3 6.14
Net Sales Growth(%) 5 -10.64 -21.08 57.91 0.3 -5.14 10.08 34.19 9.2 -1.31 -1.56
EBIT Growth(%) 14.46 0.22 -10.58 35.93 -15.81 -12.25 26.56 28.88 24.72 2.55 -4.63
PAT Growth(%) 6.09 -1.56 -17.76 68.92 -15.59 -38.9 53.73 52.3 12.73 1.21 -15.66
EPS Growth(%) 6.09 -1.56 -17.76 68.92 -15.59 -38.9 53.73 52.3 12.73 1.21 -15.66
Debt/Equity(x) 1.03 1.28 0.93 0.86 0.9 0.97 1.01 1 0.78 0.84 0.74
Current Ratio(x) 1.15 1.17 1.26 1.24 1.25 1.23 1.41 1.32 1.35 1.36 1.35
Quick Ratio(x) 0.83 0.89 0.84 0.96 0.89 0.82 0.91 0.77 0.76 0.86 0.83
Interest Cover(x) 2.57 2.2 2.19 3.12 2.27 1.72 2.26 2.76 2.39 2.55 2.29
Total Debt/Mcap(x) 3.67 2.11 1.29 0.84 1.61 0 1.83 1.2 0.73 0.84 0.8

Deco-Mica Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 70.05 %
FII 0 %
DII (MF + Insurance) 0.65 %
Public (retail) 29.95 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.0570.0570.0570.0570.0570.0570.0570.0570.0570.05
FII 0000000000
DII 0.650.650.650.650.650.650.650.650.650.65
Public 29.9529.9529.9529.9529.9529.9529.9529.9529.9529.95
Others 0000000000
Total 100100100100100100100100100100

Deco-Mica Peer Comparison

Laminates/Decoratives Edit Columns

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -1% +2% +9% +5%
Operating Profit CAGR 0% +5% +12% +6%
PAT CAGR 0% 0% +15% +7%
Share Price CAGR -14% +3% +18% +17%
ROE Average +8% +9% +9% +9%
ROCE Average +12% +13% +12% +12%

News & Updates

See more…

Deco-Mica Pros & Cons

Pros

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 100.19 to 116.8days.
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