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Dharamsi Morarji ChemicalBSE:506405 Stock Report

Market Cap

₹10.1b

7D

3.7%

1Y

194.5%

Updated

16 Oct, 2021

Data

Company Financials
506405 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

506405 Overview

The Dharamsi Morarji Chemical Company Limited, together with its subsidiary, manufactures and sells specialty and commodity chemicals in India and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Dharamsi Morarji Chemical
Historical stock prices
Current Share Price₹406.40
52 Week High₹129.10
52 Week Low₹434.35
Beta0.89
1 Month Change19.53%
3 Month Change10.48%
1 Year Change194.49%
3 Year Change167.81%
5 Year Change305.18%
Change since IPO1,170.00%

Recent News & Updates

Shareholder Returns

506405IN ChemicalsIN Market
7D3.7%0.3%2.3%
1Y194.5%81.9%68.3%

Return vs Industry: 506405 exceeded the Indian Chemicals industry which returned 81.9% over the past year.

Return vs Market: 506405 exceeded the Indian Market which returned 68.3% over the past year.

Price Volatility

Is 506405's price volatile compared to industry and market?
506405 volatility
506405 Beta0.89
Industry Beta0.63
Market Beta1

Stable Share Price: 506405 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 506405's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1919323Bimal Goculdashttps://www.dmcc.com

The Dharamsi Morarji Chemical Company Limited, together with its subsidiary, manufactures and sells specialty and commodity chemicals in India and internationally. The company offers base, boron, functional, and life science chemicals. Its products are used in various applications in agro, construction, cosmetic, detergent, dye, electroplating, emulsion, fertilizer, fire retardant, ink, paper, pharmaceutical intermediate, pigment, polymer, textile processing, thermal paper coating, and water treatment markets.

Dharamsi Morarji Chemical Fundamentals Summary

How do Dharamsi Morarji Chemical's earnings and revenue compare to its market cap?
506405 fundamental statistics
Market Cap₹10.14b
Earnings (TTM)₹346.68m
Revenue (TTM)₹2.32b

29.2x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
506405 income statement (TTM)
Revenue₹2.32b
Cost of Revenue₹1.44b
Gross Profit₹878.32m
Expenses₹531.64m
Earnings₹346.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)13.90
Gross Margin37.92%
Net Profit Margin14.97%
Debt/Equity Ratio15.9%

How did 506405 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is Dharamsi Morarji Chemical undervalued compared to its fair value and its price relative to the market?

29.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 506405 (₹406.4) is trading above our estimate of fair value (₹61.03)

Significantly Below Fair Value: 506405 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 506405 is poor value based on its PE Ratio (29.2x) compared to the Indian Chemicals industry average (20x).

PE vs Market: 506405 is poor value based on its PE Ratio (29.2x) compared to the Indian market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 506405's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 506405 is overvalued based on its PB Ratio (5.9x) compared to the IN Chemicals industry average (2.4x).


Future Growth

How is Dharamsi Morarji Chemical forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.9%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dharamsi Morarji Chemical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Dharamsi Morarji Chemical performed over the past 5 years?

18.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 506405 has high quality earnings.

Growing Profit Margin: 506405's current net profit margins (15%) are lower than last year (17.3%).


Past Earnings Growth Analysis

Earnings Trend: 506405's earnings have grown by 18.3% per year over the past 5 years.

Accelerating Growth: 506405's earnings growth over the past year (17.4%) is below its 5-year average (18.3% per year).

Earnings vs Industry: 506405 earnings growth over the past year (17.4%) underperformed the Chemicals industry 44.3%.


Return on Equity

High ROE: 506405's Return on Equity (20%) is considered high.


Financial Health

How is Dharamsi Morarji Chemical's financial position?


Financial Position Analysis

Short Term Liabilities: 506405's short term assets (₹1.2B) exceed its short term liabilities (₹686.7M).

Long Term Liabilities: 506405's short term assets (₹1.2B) exceed its long term liabilities (₹218.5M).


Debt to Equity History and Analysis

Debt Level: 506405's debt to equity ratio (15.9%) is considered satisfactory.

Reducing Debt: 506405's debt to equity ratio has reduced from 32.1% to 15.9% over the past 5 years.

Debt Coverage: 506405's debt is well covered by operating cash flow (117.1%).

Interest Coverage: 506405's interest payments on its debt are well covered by EBIT (16.6x coverage).


Balance Sheet


Dividend

What is Dharamsi Morarji Chemical current dividend yield, its reliability and sustainability?

0.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 506405's dividend (0.49%) is higher than the bottom 25% of dividend payers in the Indian market (0.33%).

High Dividend: 506405's dividend (0.49%) is low compared to the top 25% of dividend payers in the Indian market (1.35%).


Stability and Growth of Payments

Stable Dividend: 506405 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 506405's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.4%), 506405's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Bimal Goculdas (53 yo)

12.5yrs

Tenure

₹14,479,591

Compensation

Mr. Bimal Lalitsingh Goculdas has been the Chief Executive Officer of Dharamsi Morarji Chemical Company Limited since April 1, 2009 and served as its Manager until 2018. Mr. Goculdas serves as Managing Dir...


CEO Compensation Analysis

Compensation vs Market: Bimal's total compensation ($USD193.06K) is above average for companies of similar size in the Indian market ($USD38.75K).

Compensation vs Earnings: Bimal's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 506405's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 506405's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Dharamsi Morarji Chemical Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Dharamsi Morarji Chemical Company Limited
  • Ticker: 506405
  • Exchange: BSE
  • Founded: 1919
  • Industry: Diversified Chemicals
  • Sector: Materials
  • Market Cap: ₹10.136b
  • Shares outstanding: 24.94m
  • Website: https://www.dmcc.com

Number of Employees


Location

  • The Dharamsi Morarji Chemical Company Limited
  • Prospect Chambers
  • 317/321, Dr. Dadabhoy Naoroji Road
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 12:02
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.