Diamines and Chemicals Limited (DIAMINESQ.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-120.2%

-₹47.32

vs ₹233.97 price

Levered DCF

-₹113.31

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

14.73

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-17.84×	119.86×	32.12×	9.38×	15.81×	12.31×	6.03×	9×
P/B	1.45×	2.03×	3.35×	2.92×	2.64×	3.04×	2.22×	2.42×
P/S	5.93×	4.58×	4.83×	3.56×	4.01×	4.12×	2.09×	2.5×
EV / EBITDA	-17.1×	35.46×	19.75×	6.73×	11.08×	9.36×	3.54×	6.05×
Gross margin	6.1%	49.5%	43.2%	66.9%	57.0%	63.8%	77.5%	60.2%
Operating margin	-45.7%	29.3%	20.2%	49.0%	32.4%	39.3%	68.2%	35.9%
Net margin	-33.2%	3.8%	15.0%	38.0%	25.4%	33.5%	34.6%	27.8%
Current ratio	5.12×	7.36×	7.29×	5.44×	8.43×	9.6×	8.44×	4.12×
Debt / equity	0.05×	0×	0×	0×	0×	0×	0×	0.04×
Interest coverage	-56.84×	61.64×	106.71×	373.79×	715.85×	327.06×	0×	240.32×
Dividend yield	0.4%	0.7%	0.6%	1.5%	1.9%	1.4%	4.1%	5.5%
Payout ratio	-7.7%	89.6%	19.0%	14.0%	29.3%	17.4%	24.5%	49.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-8.1%	1.7%	10.4%	31.1%	16.7%	24.7%	36.8%	26.9%
Return on invested capital	-9.4%	7.6%	9.7%	29.1%	15.5%	22.5%	45.9%	22.5%
Return on assets	-7.3%	1.5%	9.5%	27.7%	15.1%	22.2%	31.4%	21.2%
Free cash flow yield	-12.9%	-2.8%	2.7%	-1.8%	4.7%	1.6%	15.9%	8.3%
Earnings yield	-5.6%	0.8%	3.1%	10.7%	6.3%	8.1%	16.6%	11.1%
Enterprise value	₹2.4B	₹3.1B	₹5B	₹3.9B	₹2.6B	₹2.6B	₹1.4B	₹1.2B
Net debt / EBITDA	-0.58×	-2.54×	-0.02×	-0.03×	-0.02×	-0.01×	-0.09×	0.1×
Cash conversion cycle (days)	311	302	135	171	60	211	163	104