Dai-Ichi Karkaria (DAICHI) had a P/E of 104.5× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 20% below their 52-week high. Its ROCE of −1.2% is the lowest among the 7 largest Specialty Chemicals peers, and sales fell 3.9% a year over 3 years. It has almost no debt, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹320 Cr, ranked 128th of 204 Specialty Chemicals companies by market cap; the shares fell 6.5% over the past year.
- ₹305.00
- ₹308.00
- ₹290.30
- ₹303.00
- 711
Health check
- ReturnsBehind
−6.5% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 104.5 vs industry 22.1.
- GrowthShrinking
Sales −3.9% a year over 3 years.
- ProfitabilityNegative
ROCE -1.2% vs peer median 24.4%.
- Balance sheetStretched
Practically debt-free, Piotroski 4 of 9.
- Red flags2 to check
Return on equity is low at 1.6%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹320 Cr
- Small cap
- P/E
- 104.5
- Industry 22.1
- Price to book
- 1.20
- Peers 13.33
- Dividend yield
- 0.50%
- ROE
- 1.6%
- Peers 23.0%
- ROCE
- −1.2%
- Peers 24.4%
- Debt to equity
- 0.04
- Debt ₹8.21 Cr
- EPS (TTM)
- ₹2.90
- Face value ₹10
- OPM (TTM)
- 4.5%
- Net margin 1.6%
- Sales growth
- +46.6%
- Latest quarter vs a year ago
- Profit growth
- +14550.0%
- Latest quarter vs a year ago
- Price to sales
- 1.66
- EV/EBITDA 23.2
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 14550.0% on a year ago.
- Quarterly sales up 46.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 1.6%.
- P/E of 104.5 against an industry P/E of 22.1.
About Dai-Ichi Karkaria
Dai-ichi Karkaria Limited, together with its subsidiaries, manufactures and sells specialty chemicals in India and internationally. The company offers specialty chemicals for the agricultural industry, including emulsifiers, dispersing agents, and formulation aids used in pesticides and crop protection products; pesticides, insecticides, weedicides, and herbicides; hygiene, cleaning, solubilizers, surfactants, conditioning agents, and emollients;…
- Headquarters
- Mumbai
- Employees
- 182
- Sector
- Basic Materials
- ISIN
- INE928C01010
- Website
- dai-ichiindia.com
Price range
- Avg volume (3M)
- 2.7K
- 1-year return
- minus 6.5%
- From 52-week high
- minus 20.3%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| DAICHIDai-Ichi Karkaria | 303.00 | 0.00% | 226 | 104.5 | 51.4 | −1.2% | 4.5% | 0.04 | −3.9% | minus 6.5% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 39.5 | 42.8 | 37.8 | 41.3 | 57.8 | |
| 38.2 | 41 | 38.1 | 40.6 | 51.9 | |
| 1.3 | 1.8 | −0.3 | 0.7 | 6 | |
| 3.2% | 4.2% | −0.8% | 1.6% | 10.4% | |
| 0.8 | 1.6 | 1 | 1.2 | 1.5 | |
| 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | |
| 2.5 | 2.6 | 2.5 | 2.6 | 2.7 | |
| – | – | −0.2 | – | – | |
| −0.7 | 0.6 | −2.2 | −0.9 | 4.5 | |
| 26.1% | 153.1% | 32.4% | 1.1% | 54.2% | |
| 0 | 0 | −0.9 | 0.1 | 2.9 | |
| 0.03 | 0.01 | -1.15 | 0.11 | 3.93 |
Profit & loss
- Sales CAGR 3Y
- −3.9%
- ROE
- 1.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 181 | 131 | 181 | 161 | |
| – | minus 27.5% | +37.6% | minus 11.0% | |
| 162 | 123 | 164 | 156 | |
| 19.1 | 8.5 | 16.5 | 4.5 | |
| 10.5% | 6.5% | 9.1% | 2.8% | |
| 4.5 | 2.1 | 2.8 | 3.5 | |
| 3 | 3.1 | 1.8 | 1 | |
| 7.5 | 9.2 | 10.2 | 10.1 | |
| 9 | 20.1 | 1.1 | −0.2 | |
| 22.1 | 18.4 | 8.5 | −3.2 | |
| 16.5% | 26.6% | 27.0% | −2.2% | |
| 20.1 | 13.9 | 9 | −0.7 | |
| – | minus 30.7% | minus 35.1% | minus 108.2% | |
| 26.94 | 18.65 | 12.11 | -0.99 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.5 | 7.5 | 7.5 | 7.5 | |
| 162 | 173 | 181 | 177 | |
| 38.2 | 18.9 | 12.7 | 13 | |
| 39.3 | 22.6 | 31.5 | 26.4 | |
| 247 | 222 | 232 | 224 | |
| 139 | 134 | 126 | 125 | |
| 0.4 | 2.4 | 0.9 | 3.9 | |
| 0 | 0 | 0 | 0 | |
| 5.9 | 6.6 | 9 | 5.3 | |
| 102 | 79.4 | 96.2 | 89.6 | |
| 247 | 222 | 232 | 224 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.2 | 10.1 | 16.1 | 5.2 | |
| −32.6 | 15.9 | −4 | −9.7 | |
| 13.5 | −25.3 | −9.5 | −3.3 | |
| 4.1 | 0.7 | 2.6 | −7.8 | |
| −36.3 | −5.9 | −3 | −9.4 | |
| −13.1 | 4.2 | 13.2 | −4.3 | |
| – | −3 | −1.5 | −2.6 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.0% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.