DIAMINESQ

Diamines & Chemicals Limited

Specialty chemicals including ethyleneamines and derivatives

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

dacl.co.in

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Key metrics

Price as of 2026-10-16

Stock price

₹243.04

Market cap

244 Cr

Stock P/E

Loss (TTM EPS ₹-10.08)

P/B

1.55

Dividend yield

0.4%

ROE (FY26)

-8.1%

ROCE (FY26)

-8.4%

Operating margin (FY26)

-45.7%

Debt / equity (FY26)

0.05

OCF / EBITDA (3Y)

42.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Diamines & Chemicals is a Vadodara (Gujarat) company whose main business is specialty chemicals, and it has a wholly owned subsidiary, DACL Fine Chem, that is building a new project; until August 2026 it also ran a small trading division in fruits and vegetables.

Company snapshot

59thBy market cap

Ranked among 68 companies in Specialty Chemicals.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 97.4% of revenue

Segment	Revenue share	Revenue	PBT	Assets
Speciality Chemical	97.4%	17 Cr	0.97 Cr	181 Cr
Trading in Fruits and Vegetables	2.6%	0.45 Cr	0.43 Cr	5 Cr

What we see

Positives

✓Debt-to-equity of 0.05x — the company is largely funded by its own money, not borrowed funds.

Concerns

✗Net margin is negative — the company is spending more than it earns right now.

3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	20 Cr	23 Cr	29 Cr	17 Cr	19 Cr	18 Cr	18 Cr	12 Cr	9 Cr	8 Cr	9 Cr	14 Cr
Operating expenses (approx.)	15 Cr	18 Cr	26 Cr	18 Cr	16 Cr	16 Cr	16 Cr	16 Cr	13 Cr	10 Cr	12 Cr	14 Cr
EBITDA	5 Cr	5 Cr	3 Cr	-1 Cr	4 Cr	2 Cr	2 Cr	-4 Cr	-4 Cr	-3 Cr	-3 Cr	0.39 Cr
OPM %	25.1%	20.5%	11.5%	-8.1%	18.8%	8.6%	9.4%	-32.3%	-41.8%	-37.3%	-33.5%	2.7%
Other income	0.61 Cr	0.58 Cr	0.66 Cr	0.66 Cr	0.81 Cr	0.77 Cr	0.93 Cr	2 Cr	0.61 Cr	0.53 Cr	0.92 Cr	0.51 Cr
Interest	0.04 Cr	0.13 Cr	-0.01 Cr	0.03 Cr	0.06 Cr	0.17 Cr	0.09 Cr	0.0078 Cr	0.07 Cr	0.13 Cr	0.10 Cr	0.02 Cr
Depreciation	0.69 Cr	0.94 Cr	0.73 Cr	0.86 Cr	0.88 Cr	0.88 Cr	0.87 Cr	0.89 Cr	0.96 Cr	0.98 Cr	0.96 Cr	0.92 Cr
Profit before tax	5 Cr	4 Cr	3 Cr	-2 Cr	3 Cr	1 Cr	2 Cr	-3 Cr	-4 Cr	-4 Cr	-3 Cr	-0.10 Cr
Tax %	25.2%	31.6%	33.6%	-6.4%	27.9%	36.3%	21.1%	7.2%	5.5%	3.1%	25.9%	0.0%
Net profit	3 Cr	3 Cr	2 Cr	-2 Cr	2 Cr	0.75 Cr	1 Cr	-3 Cr	-4 Cr	-3 Cr	-2 Cr	-0.10 Cr
EPS (₹)	₹3.81	₹3.01	₹2.25	₹-1.74	₹2.58	₹0.77	₹1.29	₹-2.88	₹-4.24	₹-3.48	₹-2.47	₹-0.10

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	63 Cr	66 Cr	111 Cr	104 Cr	71 Cr	38 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	38 Cr	44 Cr	55 Cr	81 Cr	66 Cr	52 Cr	Sign in free for the trailing twelve months
EBITDA	25 Cr	22 Cr	56 Cr	23 Cr	5 Cr	-14 Cr	Sign in free for the trailing twelve months
OPM %	40.0%	33.3%	50.2%	21.8%	7.6%	-35.9%	Sign in free for the trailing twelve months
Other income	3 Cr	2 Cr	3 Cr	3 Cr	3 Cr	4 Cr	Sign in free for the trailing twelve months
Interest	0.08 Cr	0.09 Cr	0.14 Cr	0.20 Cr	0.34 Cr	0.31 Cr	Sign in free for the trailing twelve months
Depreciation	2 Cr	2 Cr	2 Cr	3 Cr	3 Cr	4 Cr	Sign in free for the trailing twelve months
Profit before tax	26 Cr	22 Cr	56 Cr	22 Cr	5 Cr	-14 Cr	Sign in free for the trailing twelve months
Tax %	18.6%	24.4%	25.6%	28.4%	40.1%	9.9%	Sign in free for the trailing twelve months
Net profit	21 Cr	17 Cr	42 Cr	15 Cr	3 Cr	-13 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹21.46	₹17.08	₹42.84	₹16.24	₹2.79	₹-13.06	Sign in free for the trailing twelve months
Dividend payout %	18.6%	29.3%	14.0%	19.0%	89.6%	—	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10 Cr	10 Cr	10 Cr	10 Cr	10 Cr	10 Cr
Reserves	75 Cr	90 Cr	125 Cr	138 Cr	151 Cr	147 Cr
Borrowings	0.30 Cr	—	—	—	0.03 Cr	8 Cr
Other liabilities	9 Cr	10 Cr	17 Cr	15 Cr	17 Cr	9 Cr
Total liabilities	95 Cr	111 Cr	151 Cr	163 Cr	178 Cr	174 Cr
Fixed assets (net)	22 Cr	38 Cr	40 Cr	65 Cr	64 Cr	65 Cr
CWIP	0.15 Cr	2 Cr	21 Cr	0.83 Cr	2 Cr	19 Cr
Investments	6 Cr	13 Cr	13 Cr	16 Cr	16 Cr	10 Cr
Inventories	13 Cr	2 Cr	17 Cr	17 Cr	32 Cr	28 Cr
Trade receivables	9 Cr	10 Cr	23 Cr	17 Cr	14 Cr	5 Cr
Cash & bank	0.50 Cr	1 Cr	3 Cr	3 Cr	22 Cr	0.17 Cr
Other assets	44 Cr	45 Cr	34 Cr	44 Cr	29 Cr	46 Cr
Total assets	95 Cr	111 Cr	151 Cr	163 Cr	178 Cr	174 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	15 Cr	27 Cr	16 Cr	22 Cr	-5 Cr	-11 Cr
Cash from investing	-15 Cr	-21 Cr	-9 Cr	-19 Cr	15 Cr	-29 Cr
Cash from financing	-4 Cr	-5 Cr	-6 Cr	-3 Cr	10 Cr	18 Cr
Net cash flow	-3 Cr	0.50 Cr	2 Cr	-0.07 Cr	19 Cr	-22 Cr
Free cash flow (OCF − Capex)	4 Cr	12 Cr	-7 Cr	13 Cr	-9 Cr	-32 Cr

Ratios

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	30.3%	22.1%	42.0%	15.1%	3.0%	-8.4%
ROE %	24.7%	16.7%	31.1%	10.4%	1.7%	-8.1%
Debtor days	55	55	75	59	71	52
Inventory days	278	44	184	171	351	400
Days payable	64	45	83	51	97	38
Cash conversion cycle	269	54	177	178	324	414
OCF / EBITDA %	61.2%	123.8%	29.3%	96.6%	-92.4%	—
OCF / EBITDA % (3 years)	—	—	57.4%	65.3%	39.6%	42.1%
Debt / equity	0.0036	—	—	—	0.0002	0.05
Current ratio	9.69	8.43	5.44	7.29	7.36	5.12
Net debt / EBITDA	-0.0079	-0.05	-0.05	-0.11	-4.03	—