Dalmia Refractories Ltd.

•

₹ 1120.22%

2015-01-29

dalmiarefractories.comBSE: -NSE: DALMIAREF

Market Cap₹ 35 Cr.

Current Price₹ 112

High / Low₹ 117 / 112

Stock P/E0.0

Book Value₹ 806

Price to Book0.14

Dividend Yield0.89 %

ROCE5.0 %

ROE3.4 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.84x)
Company generates healthy free cash flow

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (59.5% of PBT)
Company has a low return on capital employed of 7.0%
Company has a low return on equity of 5.5% over last 3 years
Debtor days have increased from 44 to 81
Inventory has been piling up - inventory days up from 70 to 100

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

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsRefractories

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	VESUVIUS	433.00	0.00	8788.20	0.35	58.51	-7.13	536.17	2.41	23.15	16.16
2.	RHIM	375.00	0.00	7743.80	0.67	64.61	83.19	1013.97	5.59	7.24	13.58
3.	RPEL	1636.15	119.84	7513.52	0.06	19.57	67.60	86.91	48.72	31.26	29.62
4.	IFGLEXPOR	221.05	38.91	1593.30	0.97	170.60	1478.17	5123.70	1028.54	4.62	7.22
5.	ORIENTCER	42.84	19.62	512.53	0.82	8.57	99.19	100.65	2.23	6.18	16.11
6.	DALMIAREF	112.50	5.17	35.46	0.89	—	—	—	—	5.89	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021
	198	291	219
	186	263	205
Operating Profit	18	33	19
OPM %	9	11	9
Other Income	5	5	5
Interest	2	3	3
Depreciation	8	8	7
	8	22	9
Tax %	13	20	22
Net Profit	7	18	7
EPS	22	56	23
Dividend Payout %	4	3	4
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	22	56	23
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	22	56	23

Mar 2019

: 198
: 186
Operating Profit: 18
OPM %: 9
Other Income: 5
Interest: 2
Depreciation: 8
: 8
Tax %: 13
Net Profit: 7
EPS: 22
Dividend Payout %: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22

Mar 2020

: 291
: 263
Operating Profit: 33
OPM %: 11
Other Income: 5
Interest: 3
Depreciation: 8
: 22
Tax %: 20
Net Profit: 18
EPS: 56
Dividend Payout %: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 56
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 56

Mar 2021

: 219
: 205
Operating Profit: 19
OPM %: 9
Other Income: 5
Interest: 3
Depreciation: 7
: 9
Tax %: 22
Net Profit: 7
EPS: 23
Dividend Payout %: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 74%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 6%
Last Year:: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021
LIABILITIES	-	-	-
Equity Capital	3	3	3
	186	168	251
	20	35	24
Trade Payables	36	45	77
	56	37	36
Total Liabilities	301	288	391
ASSETS	-	-	-
	105	103	100
Capital Work in Progress	0	1	1
	102	71	151
	50	62	58
	30	39	58
Cash & Bank	6	2	6
	8	10	16
Total Assets	301	288	391
Total Debt	20	35	24
Net Working Capital	7	20	24
Contingent Liabilities	8	99	97
Book Value per Share	601.65	543.04	805.89
Face Value	10.00	10.00	10.00
Total Debt	20	35	24
Net Working Capital	7	20	24
Contingent Liabilities	8	99	97
Book Value per Share	601.65	543.04	805.89
Face Value	10.00	10.00	10.00

Mar 2019

Equity Capital: 3
: 186
: 20
Trade Payables: 36
: 56
Total Liabilities: 301
: 105
Capital Work in Progress: 0
: 102
: 50
: 30
Cash & Bank: 6
: 8
Total Assets: 301
Total Debt: 20
Net Working Capital: 7
Contingent Liabilities: 8
Book Value per Share: 601.65
Face Value: 10.00
Total Debt: 20
Net Working Capital: 7
Contingent Liabilities: 8
Book Value per Share: 601.65
Face Value: 10.00

Mar 2020

Equity Capital: 3
: 168
: 35
Trade Payables: 45
: 37
Total Liabilities: 288
: 103
Capital Work in Progress: 1
: 71
: 62
: 39
Cash & Bank: 2
: 10
Total Assets: 288
Total Debt: 35
Net Working Capital: 20
Contingent Liabilities: 99
Book Value per Share: 543.04
Face Value: 10.00
Total Debt: 35
Net Working Capital: 20
Contingent Liabilities: 99
Book Value per Share: 543.04
Face Value: 10.00

Mar 2021

Equity Capital: 3
: 251
: 24
Trade Payables: 77
: 36
Total Liabilities: 391
: 100
Capital Work in Progress: 1
: 151
: 58
: 58
Cash & Bank: 6
: 16
Total Assets: 391
Total Debt: 24
Net Working Capital: 24
Contingent Liabilities: 97
Book Value per Share: 805.89
Face Value: 10.00
Total Debt: 24
Net Working Capital: 24
Contingent Liabilities: 97
Book Value per Share: 805.89
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021
	37	-6	27
Cash from Investing	-26	-10	-10
Cash from Financing	-7	11	-14
	3	-4	3
Free Cash Flow	37	-13	24
OCF / Net Profit	5.21	-0.33	3.84
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	5.21	-0.33	3.84
Cumulative 5-Year FCF	0	0	0

Mar 2019

: 37
Cash from Investing: -26
Cash from Financing: -7
: 3
Free Cash Flow: 37
OCF / Net Profit: 5.21
Cumulative 5-Year FCF: 0
OCF / Net Profit: 5.21
Cumulative 5-Year FCF: 0

Mar 2020

: -6
Cash from Investing: -10
Cash from Financing: 11
: -4
Free Cash Flow: -13
OCF / Net Profit: -0.33
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.33
Cumulative 5-Year FCF: 0

Mar 2021

: 27
Cash from Investing: -10
Cash from Financing: -14
: 3
Free Cash Flow: 24
OCF / Net Profit: 3.84
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.84
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021
PER SHARE	-	-	-
EPS (₹)	22.32	55.62	22.65
Book Value (₹)	601.65	543.04	805.89
Dividend per Share (₹)	1.00	1.50	1.00
Cash EPS (₹)	47.36	81.53	44.31
PROFITABILITY	-	-	-
Operating Margin %	6.13%	9.56%	6.20%
Net Margin %	3.56%	6.03%	3.26%
ROE %	3.48%	9.72%	3.36%
ROCE %	4.32%	11.79%	5.00%
	2.34%	5.95%	2.10%
EFFICIENCY	-	-	-
Debtor Days	50	44	81
Inventory Days	93	70	100
Payable Days	101	85	159
	42	29	22
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.11x	0.20x	0.09x
Interest Coverage (x)	5.93x	9.31x	4.03x
	1.08x	1.21x	1.22x
GROWTH	-	-	-
Revenue Growth %	11.15%	46.86%	-24.72%
Operating Profit Growth %	305.30%	86.36%	-42.03%
Net Profit Growth %	321.65%	149.18%	-59.27%
	321.65%	149.18%	-59.27%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%
	0.97x	1.09x	1.10x

Mar 2019

EPS (₹): 22.32
Book Value (₹): 601.65
Dividend per Share (₹): 1.00
Cash EPS (₹): 47.36
Operating Margin %: 6.13%
Net Margin %: 3.56%
ROE %: 3.48%
ROCE %: 4.32%
: 2.34%
Debtor Days: 50
Inventory Days: 93
Payable Days: 101
: 42
Debt to Equity (x): 0.11x
Interest Coverage (x): 5.93x
: 1.08x
Revenue Growth %: 11.15%
Operating Profit Growth %: 305.30%
Net Profit Growth %: 321.65%
: 321.65%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.97x

Mar 2020

EPS (₹): 55.62
Book Value (₹): 543.04
Dividend per Share (₹): 1.50
Cash EPS (₹): 81.53
Operating Margin %: 9.56%
Net Margin %: 6.03%
ROE %: 9.72%
ROCE %: 11.79%
: 5.95%
Debtor Days: 44
Inventory Days: 70
Payable Days: 85
: 29
Debt to Equity (x): 0.20x
Interest Coverage (x): 9.31x
: 1.21x
Revenue Growth %: 46.86%
Operating Profit Growth %: 86.36%
Net Profit Growth %: 149.18%
: 149.18%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.09x

Mar 2021

EPS (₹): 22.65
Book Value (₹): 805.89
Dividend per Share (₹): 1.00
Cash EPS (₹): 44.31
Operating Margin %: 6.20%
Net Margin %: 3.26%
ROE %: 3.36%
ROCE %: 5.00%
: 2.10%
Debtor Days: 81
Inventory Days: 100
Payable Days: 159
: 22
Debt to Equity (x): 0.09x
Interest Coverage (x): 4.03x
: 1.22x
Revenue Growth %: -24.72%
Operating Profit Growth %: -42.03%
Net Profit Growth %: -59.27%
: -59.27%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.10x

Shareholding Pattern

Numbers in percentages

TRADES

	Dec 2012	Mar 2013	Jun 2013	Sep 2013	Dec 2013	Mar 2014	Jun 2014	Sep 2014
	64.83	64.83	64.83	64.83	64.83	64.83	64.83	64.83
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	35.13	35.13	35.13	35.13	35.13	35.13	35.13	35.13

Dec 2012

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Mar 2013

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Jun 2013

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Sep 2013

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Dec 2013

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Mar 2014

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Jun 2014

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Sep 2014

: 64.83
FIIs: 0.00
: 0.04
Government: 0.00
Public: 35.13

Documents

Announcements

Nothing filed yet.

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.