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Swing Capital

Dai-ichi Karkaria Ltd

NSE: DAICHI BSE: 526821

Incorporated in 1963, Dai-ichi Karkaria Ltd is in the business of manufacture and sale of Specialty chemicals[1]

₹250
52W: ₹219 — ₹472
PE 0 · Book ₹218 · +15% vs book
Market Cap₹186 Cr
Stock P/E—Price to Earnings
ROCE0.27%Return on Capital
ROE0.33%Return on Equity
Div. Yield1.4%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 1.18 times its book value

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 10.6% over past five years.
  • −Company has a low return on equity of 0.82% over last 3 years.
  • −Earnings include an other income of Rs.7.35 Cr.

Shareholding Pattern

Promoters63.98%
FIIs0%
DIIs0%
Public36.02%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.88%63.88%63.92%▲0.063.98%▲0.163.98%63.98%63.98%63.98%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public36.11%36.12%▲0.036.07%▼0.036.03%▼0.036.02%▼0.036.02%36.02%36.02%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales35.2733.433.8636.7540.7170.0639.4542.7937.8141.25
Expenses32.8230.6131.9235.0437.9761.9938.174138.140.57
Operating Profit2.452.791.941.712.748.071.281.79-0.290.68
OPM %6.95%8.35%5.73%4.65%6.73%11.52%3.24%4.18%-0.77%1.65%
Net Profit0.591-0.27-0.371.914.912.19-0.34-1.5-0.89
EPS ₹0.791.34-0.36-0.52.566.592.94-0.46-2.01-1.19

AI Insights

Revenue Trend

Mar 2026 revenue at ₹161Cr, down 11% YoY. OPM at 2%.

Debt Position

Borrowings at ₹13Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Capex Cycle

CWIP at ₹4Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (-0.35pp change). FIIs: 0% (+0.00pp change). Promoters hold 63.98%.

Margin & Efficiency

ROCE declining from 11% (Mar 2015) to 0% (Mar 2026). Working capital days: 59.

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