DIAMINES AND CHEMICALS LTD - Q1 RESULTS - REVIEW

DIAMINES AND CHEMICALS LTD

Q1 RESULTS REVIEW

Diamines And Chemicals Limited is a pioneer and also the only one manufacturing a range of Ethylene-amines (EAs) in India. So, its products are like Monopoly products.

DACL says  - it has evolved products manufactured 'first time' in India and also pioneered to 'develop' a market for the same. 

DACL offers a range of packaging, starting from 25 kg fiber drums to customized packing to bulk packing in ISO containers.

DACL is located at Vadodara, 400 kms away from Mumbai.

There is an Inland Container Depot (ICD) facility is located in the vicinity of DACL.

DACL is situated in the Petrochemicals Complex area (PCC area) near Ahmedabad Mumbai highway. 

This 40,248-sq.mtr location has in house Govt. recognized R&D and fully equipped Q.A. Lab for quality assurance.

In the recent past, the Company has focused its product mix on Piperazine/Piperazine Salts as main product being used in Pharmaceuticals, agrochemical, lubricants, water treatment, fuel additives etc. In fact, DACL is the only indigenous manufacture / supplier of Piperazine range in India.

Alkyl Amines Ltd has a significant stake in Diamines and Chemicals. Promoters hold about 65% of equity.

Yogeash Kothari is Chairman and G.S.Venkatachalam is the Executive Director.

Product Range :

Existing Range:

a) PIPERAZINE ANHYDROUS

b) PIPERAZINE 68% (PIP- 68)

c) ETHYLENE DIAMINE (EDA)

d) DIETHYLENE TRIAMINE (DETA)

e) AMINO ETHYL PIPERAZINE (AEP)

f ) POLYAMINES MIX (PA-MIX)

g) MONO ETHANOLAMINE

h) TRIETHYLENE DIAMINE (100%)

i ) TRIETHYLENE DIAMINE (33% in DPG)

j) TRIETHYLENE DIAMINE (33% in PG)

k ) TRIETHYLENE DIAMINE (33% in MEG)

l)TRIETHYLENE TETRAMINE (TETA)

m)TETRAETHYLENE PENTAMINE (TEPA)

Campaign Products:

n) BITUMEN EMULSIFIER FOR RS/MS GRADE (DIA MUL)

o) ACID CORROSION INHIBITOR (ACI)

p) ANTI STRIPPING AGENT (DIA BOND)

q ) ETHYLENE DIAMINE ACID PHOSPHATE (EDAP)

r) RUST INHIBITOR (DIA-RUST IN)

DIAMINES	Jun '18		Mar '18		Dec '17		Sep '17		Jun '17		YOY		QOQ
Net Sales	15.43		9.7		9.64		8.52		10.57		45.98		59.07
P/L Before Tax	7.16		2.45		2.57		2.47		0.67		968.66		192.24
PAT	5.32		2.21		1.78		2.51		0.5		964		140.72
Equity	9.78		9.78		9.78		9.78		9.78		0		0
Diluted EPS	5.43		2.26		1.82		2.56		0.51		964.71		140.27
MP	201
PE	9.25
VOLUME	29999
FV	10
PRICE TREND
	1 week		2 week		1 month		3 month		6 month		9 month		1 year
Price	190.9		165		167.55		90.15		101		95.2		79.55
Gain / Loss	5.21%		21.70%		19.84%		122.74%		98.81%		110.92%		152.42%

ANNUAL RESULTS	Mar '18	Mar '17	Mar '16	Mar '15	Mar '14
Net Sales	38.44	34.77	35.5	39.02	43.82
P B T	8.24	5.79	0.09	-0.3	0.79
Tax	1.15	1.51	-0.17	1.26	0.2
P A T	7.09	4.28	0.25	-1.55	0.6
Equity	9.78	9.78	9.78	9.78	9.78
Reserves	32.83	27.79	21.03	20.7	22.37
Equity Dividend Rate (%)	25	15	--	--	--
Basic EPS	7.25	4.37	0.26	-1.59	0.77
Diluted EPS	7.25	4.37	0.26	-1.59	0.77

Long term Past financial trend is of course not great. But, Latest Q1 result is significant and far better than all earlier results.