Dai-Ichi Karkaria Limited (DAICHI)

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Dai-Ichi Karkaria Limited (DAICHI) · mywealthgrid

About

Dai-Ichi Karkaria manufactures specialty chemicals in the Materials sector, with ₹247.43 Cr market capitalization. The company operates with thin margins (2.15% operating profit margin) but recently accelerated revenue to ₹70.06 Cr in March 2025, up from ₹33–40 Cr in prior quarters.

Face value: ₹10

Market cap

₹238 Cr

P/E

83.7×

P/B

1.3×

Dividend yield

0.5%

ROE

1.5%

ROCE

-1.1%

Debt / equity

0.07

OPM

2.2%

EPS (TTM)

₹3.8

Book value

₹247.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation (PE 87.12) leaves minimal margin for earnings disappointment if revenue growth slows
Thin operating margins (2.15%) expose the company to input cost inflation; verify current cost trends
Profit volatility: losses in Jun–Sep 2024 contrast with exceptional ₹14.82 Cr gain in Sep 2023 vs typical 0.6–2 Cr range
Zero institutional holdings (0% FII/DII) suggests limited analyst coverage; verify competitive position and market dynamics

Generated analysis · source review pending

Growth drivers

Revenue jumped to ₹70.06 Cr in Mar 2025 from ₹33–40 Cr prior range; verify if structural (new customers, product mix) or cyclical
Operating margin reached 11.52% in Mar 2025 vs company average 2.15%, showing potential for higher-margin product lines
Low debt (D/E 0.07) provides financial capacity for capex or M&A; verify management's capital allocation priorities
Verify if specialty chemicals sector tailwinds (supply-chain localization, regulatory shifts) are fueling the recent revenue acceleration to ₹70.06 Cr

Generated analysis · source review pending

2,177 historical price candles were omitted because the exchange source has not been verified.

₹310.3-1%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)
+Dividend payout of 39.6% of profit
+High promoter holding of 64% with no pledge

Cons

−Low return on equity of 4.8% (3-yr avg)
−Thin operating margin of 2.2%
−Profit declined 43.3% a year over the last 5 years
−Weak interest coverage of -2.1×
−Expensive at 83.7× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

15/100

Business quality: 19
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	92	107	97	122	184	132	181	161
COGS	63	72	67	89	118	79	116	107
Gross profit	29	36	30	33	65	53	65	54
	40	41	44	51	50	47	50	51
Operating profit (EBITDA)	-11	-5	-14	-18	16	6	14	3
OPM %	-11.7%	-4.7%	-13.9%	-15.1%	8.6%	4.8%	8%	2.2%
Depreciation	8	9	9	7	7	9	10	10
Interest	7	10	9	1	3	3	2	1
	3	4	5	4	6	4	4	5
Profit before tax	—	—	—	—	—	—	—	—
Tax	—	—	—	—	4	5	2	0
	-13	-23	48	-18	20	14	9	3
PAT margin %	-13.7%	-21.4%	49.7%	-14.8%	10.9%	10.6%	5%	1.8%
EPS (₹)	—	—	—	—	—	—	—	—
EPS adjusted (₹)	-16.9	-30.8	65	-24.2	26.9	18.7	12.1	3.8
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	7	7	7	7	7
Reserves	135	112	163	142	162	173	181	177
	87	91	20	22	38	19	13	13
	51	59	48	43	39	23	31	26
Total equity & liabilities	281	270	239	214	247	222	232	224
	164	153	105	94	128	120	114	110
CWIP	5	3	0	2	0	2	1	4
Investments	23	23	27	21	23	21	24	27
	90	92	107	97	97	79	93	82
Total assets	281	270	239	214	247	222	232	224

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	31.3%	33.3%	30.9%	26.8%	35.6%	40.3%	35.8%	33.8%
EBITDA margin %	-11.7%	-4.7%	-13.9%	-15.1%	8.6%	4.8%	8%	2.2%
EBIT margin %	-20.5%	-13.6%	-22.6%	-20.7%	4.6%	-2.2%	2.4%	-4.1%
PAT margin %	-13.7%	-21.4%	49.7%	-14.8%	10.9%	10.6%	5%	1.8%
Working capital
Receivable days	65	70	89	53	53	62	60	71
Inventory days	98	104	133	93	59	77	60	68
Payable days	2	4	7	10	2	74	75	62
NWC days	161	170	215	136	110	65	45	77
Leverage
Current ratio	1.13	0.92	1.4	1.18	1.19	1.37	1.69	1.79
Debt to EBITDA	—	—	—	—	2.4	3.01	0.88	3.81
Debt to equity	0.61	0.76	0.12	0.14	0.22	0.1	0.07	0.07
Interest coverage	-2.2	-1	-1.9	-13.9	4.9	0.3	4.8	-2.1
Asset turnover	0.33	0.4	0.41	0.57	0.74	0.59	0.78	0.72
Return ratios
Return on assets %	-4.5%	-8.5%	20.3%	-8.4%	8.1%	6.3%	3.9%	1.3%
Return on capital employed %	-7.2%	-5.3%	-9.4%	-12.6%	8.6%	0.5%	4.7%	-1.1%
Return on equity %	-8.8%	-19.2%	28.4%	-12%	11.8%	7.7%	4.8%	1.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.88%	63.88%	63.88%	63.88%	63.88%	63.92%	63.98%	63.98%	63.98%	63.98%	63.98%	63.98%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0.35%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.77%	36.12%	36.12%	36.12%	36.12%	36.08%	36.02%	36.02%	36.02%	36.02%	36.02%	36.02%
No. of shareholders	—	—	—	—	—	—	—	—	6,348	6,200	5,923	5,909

Promoter holding up 0.1 percentage points since Sep 2023.

1 deal · 29 Jan 2024 – 29 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Jan 2024	PANKAJ PRASOON	Bulk	BSE	Buy	45,000	₹413.46	₹1.86 Cr

1–1 of 1

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mrs. SHERNAZ FIROZE VAKILExecutive Director-Chairperson
Mr. ADI HIRJI JEHANGIRNon-Executive - Non Independent Director
Ms. MEHER VAKIL TAFFExecutive Director-CEO-MD
Mr. ASHOK VISHWANATH HIREMATHNon-Executive - Independent Director
Mr. Farokh GandhiChief Financial Officer
Mr. BEHRAM MANECK SORABJINon-Executive - Independent Director
Mr. SRINIVASAN VISHWANATHANNon-Executive - Independent Director
Mr. Ankit ShahCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Dai-Ichi Karkaria Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

20

Final dividend20 Aug 2026 · ex-date₹1.5
Final dividend13 Aug 2025 · ex-date₹3.5
Final dividend30 Aug 2024 · ex-date₹2
Final dividend15 Sept 2023 · ex-date₹4
Dividend dividend17 Aug 2021 · ex-date₹3
Dividend dividend31 Jul 2018 · ex-date₹2.5
Final dividend6 Jul 2017 · ex-date₹3
Interim dividend23 Mar 2016 · ex-date₹3
Final dividend23 Jul 2015 · ex-date₹2
Special dividend23 Jul 2015 · ex-date₹0.5
Special dividend30 Jul 2014 · ex-date₹0.5
Final dividend30 Jul 2014 · ex-date₹2
Special dividend22 Jul 2013 · ex-date₹0.5
Dividend dividend22 Jul 2013 · ex-date₹2
Dividend dividend1 Aug 2012 · ex-date₹2
Dividend dividend12 Jul 2011 · ex-date₹2
Dividend dividend20 Aug 2010 · ex-date₹2
Dividend dividend2 Sept 2009 · ex-date₹1.9
Dividend dividend13 Aug 2008 · ex-date₹1.2
Dividend dividend17 Aug 2007 · ex-date₹1.1

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

1 Aug 2026, 11:43 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	31.3%	33.3%	30.9%	26.8%	35.6%	40.3%	35.8%	33.8%
EBITDA margin %	-11.7%	-4.7%	-13.9%	-15.1%	8.6%	4.8%	8%	2.2%
EBIT margin %	-20.5%	-13.6%	-22.6%	-20.7%	4.6%	-2.2%	2.4%	-4.1%
PAT margin %	-13.7%	-21.4%	49.7%	-14.8%	10.9%	10.6%	5%	1.8%
Working capital
Receivable days	65	70	89	53	53	62	60	71
Inventory days	98	104	133	93	59	77	60	68
Payable days	2	4	7	10	2	74	75	62
NWC days	161	170	215	136	110	65	45	77
Leverage
Current ratio	1.13	0.92	1.4	1.18	1.19	1.37	1.69	1.79
Debt to EBITDA	—	—	—	—	2.4	3.01	0.88	3.81
Debt to equity	0.61	0.76	0.12	0.14	0.22	0.1	0.07	0.07
Interest coverage	-2.2	-1	-1.9	-13.9	4.9	0.3	4.8	-2.1
Asset turnover	0.33	0.4	0.41	0.57	0.74	0.59	0.78	0.72
Return ratios
Return on assets %	-4.5%	-8.5%	20.3%	-8.4%	8.1%	6.3%	3.9%	1.3%
Return on capital employed %	-7.2%	-5.3%	-9.4%	-12.6%	8.6%	0.5%	4.7%	-1.1%
Return on equity %	-8.8%	-19.2%	28.4%	-12%	11.8%	7.7%	4.8%	1.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

Date	Category	Subject	Filing
1 Aug 2026, 11:43 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
31 Jul 2026, 5:59 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
31 Jul 2026, 11:34 am	AGM/EGM AGM	Notice Of 66Th Annual General Meeting To Be Held On Thursday, August 27, 2026.	PDF
31 Jul 2026, 11:29 am	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
22 Jul 2026, 10:22 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
15 Jul 2026, 4:38 pm	Company Update General	Communication Of Deduction Of TDS On Dividend For F.Y. 2025-26	PDF
14 Jul 2026, 12:36 pm	Corp. Action Record Date	Intimation Of 66Th Annual General Meeting And Record Date For The Purpose Of Payment Of Dividend	PDF
6 Jul 2026, 2:48 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	1	-22	-3	23	10	16	5
	-21	1	130	-4	-33	16	-4	-10
Cash from financing	16	-6	-97	-2	13	-25	-10	-3
Net cash flow	—	—	—	—	—	—	—	—
Free cash flow	6	1	-22	-3	23	10	16	5
CFO / Operating profit %	—	—	—	—	145.9%	159.9%	111.5%	149.7%

Dai-Ichi Karkaria Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

20

1

Announcements

20

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Dai-Ichi Karkaria Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends20

Board meetings1

Announcements

Dividends20

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

20

1

20

1