Diamines & Chemicals Ltd.

•

dacl.co.inBSE: 500120NSE: DIAMINESQ

Market Cap₹ 247 Cr.

Current Price

High / Low₹ 419 / 208

Stock P/E0.0

Book Value₹ 163

Price to Book1.43

Dividend Yield0.00 %

ROCE-7.2 %

ROE-7.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Speciality Chemicals: 100.0%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 111.4% YoY, showing strong momentum
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Interest coverage is weak at -39.5x - earnings barely cover interest
Company has a low return on capital employed of 4.7%
Company has a low return on equity of 2.8% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.20x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SOLARINDS	21410.70	97.29	193745.54	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1632.00	62.71	166117.97	1.32	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2605.00	35.72	77218.67	0.35	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4691.60	83.80	51537.23	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8697.20	56.51	44623.69	0.17	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1155.90	33.12	38936.61	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1727.25	30.08	23558.49	0.43	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1656.35	93.47	21984.38	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6465.50	23.93	19035.57	0.46	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	501.75	34.27	18199.81	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1356.30	17.46	17179.29	0.74	490.04	100.95	3256.26	22.47	12.12	25.96
12.	DIAMINESQ	246.00	0.00	247.37	0.00	-0.10	96.34	14.37	17.32	-8.35	2.29

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32	20	23	29	17	19	18	18	12	9	8	9	14
	22	15	18	25	18	15	16	16	16	13	10	12	15
Operating Profit	10	5	5	4	-1	4	2	2	-4	-4	-3	-3	-0
OPM %	30.50%	26.15%	21.84%	14.60%	-6.48%	19.53%	9.14%	10.11%	-31.40%	-40.65%	-35.73%	-32.72%	-2.84%
	1	1	1	1	1	1	1	1	2	1	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	10	5	5	4	-1	4	2	2	-3	-4	-3	-3	0
Tax %	27.81%	22.33%	27.45%	25.81%	-10.09%	24.61%	27.22%	17.44%	8.43%	6.09%	3.62%	28.57%	0.00%
Net Profit	7	4	3	3	-1	3	1	2	-2	-4	-3	-2	0
	7.30	4.09	3.48	3.30	-1.22	2.97	1.18	1.65	-2.44	-3.79	-2.99	-2.14	0.27

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	35	39	47	69	63	66	111	104	71	38	41
	26	27	28	34	38	44	55	80	65	52	51
Operating Profit	9	12	19	35	25	22	56	24	6	-13	-10
OPM %	26.19%	30.08%	40.01%	50.84%	40.04%	33.34%	50.44%	23.26%	8.50%	-34.80%	-24.53%
	0	-1	1	2	3	2	3	3	4	5	3
Interest	2	0	0	0	0	0	0	0	0	0	0
Depreciation	2	2	2	2	2	2	2	3	3	3	3
Profit before Tax	6	8	18	35	26	22	57	24	6	-13	-10
Tax %	16.35%	13.96%	26.30%	31.81%	18.61%	24.35%	25.49%	26.18%	28.91%	11.26%	12.34%
Net Profit	5	7	13	24	21	17	42	18	4	-11	-8
EPS	0.00	0.00	0.00	0.00	21.50	17.09	43.12	18.16	4.59	-11.05	—
Dividend Payout %	30.58%	34.50%	14.90%	16.32%	23.26%	17.55%	13.90%	13.76%	21.80%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 1%
5 Years:: -9%
3 Years:: -30%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -36%

RETURN ON EQUITY

10 Years:: 19%
5 Years:: 12%
3 Years:: 3%
Last Year:: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	10	10	10	10	10
	28	33	39	55	75	90	125	141	143	153
	7	0	2	0	0	0	0	0	0	8
Trade Payables	2	4	4	3	3	2	8	5	9	3
	7	6	7	8	7	8	9	9	21	6
Total Liabilities	54	53	62	76	95	111	151	165	182	180
	25	24	24	20	22	38	27	50	49	51
Capital Work in Progress	0	1	1	1	0	2	21	1	2	19
	1	1	0	2	6	13	27	30	30	25
	8	7	9	7	13	2	17	17	32	28
	0	0	0	0	0	10	0	17	14	5
Cash & Bank	1	11	17	31	33	40	27	38	41	33
	19	10	10	15	21	6	33	12	14	19
Total Assets	54	53	62	76	95	111	151	165	182	180

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	12	16	37	22	27	31	20	-6	-12
Cash from Investing	1	-3	-9	-13	-15	-22	-9	-17	15	-28
Cash from Financing	-10	-7	-5	-9	-4	-5	-6	-3	10	18
	-0	0	-1	4	-3	0	2	-0	19	-22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	4.90	7.25	13.42	24.52	21.50	17.09	43.16	18.16	4.59	-11.05
Book Value (₹)	38.41	43.55	49.89	66.62	86.91	102.46	137.80	154.08	156.42	162.47
Dividend per Share (₹)	1.50	2.50	2.00	4.00	5.00	3.00	6.00	2.50	1.00	0.00
Cash EPS (₹)	6.89	9.24	15.47	26.63	23.32	18.80	44.90	20.88	7.82	-7.62
PROFITABILITY
Operating Margin %	24.28%	30.42%	42.05%	53.85%	44.10%	33.34%	52.93%	23.26%	8.50%	-34.80%
Net Margin %	12.38%	17.92%	27.75%	34.61%	33.48%	25.30%	38.19%	17.08%	6.29%	-28.90%
ROE %	14.03%	17.68%	28.73%	42.08%	28.01%	18.05%	35.92%	12.45%	2.95%	-7.03%
ROCE %	16.42%	19.64%	38.31%	60.79%	34.44%	23.92%	48.32%	16.99%	4.20%	-7.24%
	8.41%	13.29%	22.92%	34.69%	24.58%	16.28%	32.23%	11.23%	2.58%	-6.12%
EFFICIENCY
Debtor Days	74	74	60	53	64	54	54	69	78	91
Inventory Days	79	66	62	43	57	41	32	60	125	284
Payable Days	50	76	124	98	65	49	69	50	74	101
	103	65	-2	-2	56	45	17	80	129	275
FINANCIAL HEALTH
Debt to Equity (x)	0.19x	0.00x	0.04x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.05x
Interest Coverage (x)	4.32x	26.76x	253.40x	450.79x	343.76x	259.56x	392.59x	124.97x	19.64x	-39.52x
	2.61x	4.49x	4.12x	8.44x	9.61x	8.41x	5.46x	7.77x	7.83x	5.58x
GROWTH
Revenue Growth %	-2.24%	10.71%	22.88%	46.46%	-9.35%	5.24%	67.24%	-5.90%	-31.38%	-46.13%
Operating Profit Growth %	95.15%	27.87%	65.35%	87.56%	-25.76%	-13.88%	145.23%	-53.98%	-63.54%	-189.21%
Net Profit Growth %	1793.99%	47.75%	85.24%	82.65%	-12.31%	-20.49%	152.46%	-57.91%	-74.75%	-347.67%
	0.00%	0.00%	0.00%	0.00%	0.00%	-20.49%	0.00%	-57.91%	-74.75%	-341.03%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	15.90x	0.00x	27.71x	68.35x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	2.65x	0.00x	3.27x	2.00x	1.43x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	1.10%	0.00%	0.50%	0.32%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	9.45x	0.00x	16.88x	27.03x	-23.94x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.87	54.87	55.18	55.20	55.20	55.34	57.40	57.50
	0.00	0.00	0.02	0.00	0.00	0.00	0.08	0.00
	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	45.10	45.09	44.77	44.76	44.77	44.64	42.50	42.48

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

Updates

2026-08-26 - Diamines & Chemicals Limited has informed the Exchange regarding 'Update - Submission dated August 05, 2026 Disclosure for Allotment of Shares under DACL- ESOP 2021'.

2026-08-14

Updates

2026-08-14 - Diamines & Chemicals Limited has informed the Exchange regarding 'A Letter Containing The Exact Web-Link And Path For Accessing The Annual Report For FY 2025-26'.

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Diamines & Chemicals Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Shareholders meeting

2026-08-13 - Diamines & Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Diamines & Chemicals Limited has informed the Exchange about Copies of notice published in newspapers regarding opening of special window for transfer and dematerialisarion of physical shares.

2026-08-12

Updates

2026-08-12 - Diamines & Chemicals Limited has informed the Exchange regarding 'Shareholders Meeting - Annual General Meeting on September 16, 2026'.

2026-08-05

Updates

2026-08-05 - Diamines & Chemicals Limited has informed the Exchange regarding 'Allotment of ESOP'.

2026-08-05

Statement of deviation(s) or variation(s) under Reg. 32

2026-08-05 - Diamines & Chemicals Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

2026-08-05

Outcome of Board Meeting

2026-08-05 - Diamines & Chemicals Limited has submitted to the Exchange, outcome of the Board Meeting for the period ended Jun 30, 2026.