Scripscan:Diamines & Chemicals Ltd
cmp:98
code:500120
Story:Promoted by Kothari family (Alkyl Amines group), DACL is engaged in production of speciality chemicals. Its plant is situated at Petrochemical Chemical Complex in Baroda. DACL is the only manufacturer of Ethyleneamines (EAs) in India for which company developed in house technology. Its main focus is Piperazine/Piperazine Salts which are mainly used by Pharmaceuticals Agrochemicals, Lubricants and Fuel additives industry.Besides ethyl amines, this company also gets revenues roughly of Rs 2 crore from wind power.DACL is in speciality chemical business with reasonable past track-record, has performed extremely well and has brighter future prospects. The company enjoys high operating profit margins of between 30-35%.Net profit of Diamines & Chemicals rose 57.33% to Rs 14.71 crore in the year ended March 2011 as against Rs 9.35 crore during the previous year ended March 2010. Sales rose 82.59% to Rs 82.73 crore in the year ended March 2011 as against Rs 45.31 crore during the previous year ended March 2010.Company has announced 45% dividend which gives a healthy dividend yield.Offlate it also announced a bonus which signifies the promoters confidence and conviction in the company.One can accumulate it on corrections say at around 75-80rs.
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