About Company: Dynemic
Products Ltd. is an ISO 9001:2000 & HACCP Certified Companye one of the
major manufacturer and exporter in India, offering complete range of Food Colours,
Lake Colours, Blended Colours, FD&C Colours & Dye Intermediates. Dynemic
stands among the major Food Colours manufacturers in India and one of the most
reliable sources for entire range of Food Colours. All the products
manufactured by Dynemic meet the regulatory requirement of BIS, EU, FDA &
WHO Specification, also it full fill criteria of Kosher & Halal Certification.
Company produced food colours are used in various industries
such as , Pharma, FMCG, Bakery,Dairy, Beverages, Confectionary
etc.
Around 70 percent of the Company’s products are being
exported world-wide including USA, UK, Germany, South America, Middle East,
South East, South Africa, Indonesia, Thailand, Philippines, China, Brazil,
Argentina, Chile etc. The Company has earned remarkable growth in its exports
business over the years with excellent rapport with world-wide quality
conscious
Manufacturing units :
It has 2 plants in Ankleshwar
Financial
Performance:
Cr.)
|
2015
|
2014
|
2013
|
2012
|
2011
|
Revenue
|
128.36
|
116.37
|
85.76
|
82.94
|
63.69
|
Other Income
|
0.28
|
0.37
|
0.73
|
0.3
|
1.7
|
Total Income
|
128.64
|
116.74
|
86.49
|
83.23
|
65.39
|
Expenditure
|
-110.55
|
-97.73
|
-76.49
|
-72.01
|
-54.17
|
Interest
|
-2.25
|
-1.37
|
-1.56
|
-1.6
|
-1.24
|
PBDT
|
15.84
|
17.64
|
8.43
|
9.62
|
9.98
|
Depreciation
|
-3.03
|
-1.81
|
-1.75
|
-1.63
|
-1.5
|
PBT
|
12.82
|
15.82
|
6.68
|
7.99
|
8.48
|
Tax
|
-3.48
|
-5.59
|
-2.35
|
-2.69
|
-2.83
|
Net Profit
|
9.34
|
10.23
|
4.33
|
5.3
|
5.71
|
Equity
|
11.33
|
11.33
|
11.33
|
11.33
|
11.33
|
EPS
|
8.25
|
9.03
|
3.83
|
4.68
|
4.99
|
CEPS
|
10.92
|
10.63
|
5.37
|
6.12
|
6.36
|
OPM %
|
14.09
|
16.33
|
11.66
|
13.53
|
17.61
|
NPM %
|
7.28
|
8.79
|
5.05
|
6.39
|
8.97
|
Company has been growing at decent pace and consistently
maintaining the profitability with good profit margin and dividend paying
record. Company has delivered EPS of Rs 8.25 in FY14-15 and expected to d deliver
dividend of 15%.At CMP of Rs49-50 the stock is availaible cheap at PE multiple
of 6.Company is in good position to achieve turnover of 150 crores in 2015-16
with expected EPS of 10 the stock can easily touch Rs 65-75 keeping a PE multiple
of 7.
Investor with long term investment horizon of 1 year should
invest in the stock at CMP.
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