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| Name of Company | Diamines and Chemicals Ltd |
| BSE Code | 500120 |
| NSE Code | Not listed |
| ICICI Code | |
| Established | 1976 |
| My Take | Like |
| Headquarters | Vadodara |
| Promoters | Yogesh M Kothari (Alkyl Amines Ltd) |
| Story | Claims to be the first and leader in ethylamines in India. |
| Sector | Chemicals |
| Sub-sector | Ethylamines |
| Website | |
| Positives | 65% promoter shareholding (though 4% is pledged). Regular dividend paying company – 1.5% dividend at current cost. Regularly profitable company (lowest NPM was 5% and highest was 34%). |
| Negatives | Small company with annual revenues of 54 Cr (FY10) and 14 Cr debt (FY09). FY09 interest was 1.8 Cr, FY10 interest paid was 2.58 Cr. |
| Peers | |
| News | |
| Price @ blogged | 72.50 (22-Sep-10) |
| Cost of company | 47 Cr market cap for a 9.35 Cr NP in FY10 seems fair at <5 times. Has some upside as well. can go up if FY11 revenue and profits increase or stay like this. |
Sep 23, 2010
Diamines and Chemicals Ltd - 500120
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