DIAMINES SHARE PRICE AS ON 22nd SEPTEMBER

Let’s have a complete understanding of Diamines and chemicals.

BUSINESS ANALYSIS

Diamines and chemicals were established in 1976 and started its production in 1982.

For more than 2 decades Diamines and chemicals has been the only manufacturer of Ethyleneamines in the Indian subcontinent.

The company has also developed two products PIPERAZINE ANHYDROUS and PIPERAZINE solution for pharmaceutical and Gas sweetening application industries.

The R&D center of this company is recognized by DSIR (Department of Science and Research, Ministry of Science and Technology).

For quality purposes, the company is accredited with ISO 9001:2015 certification from BVC.

Diamines and chemicals have also invested in Green Technology as they are the proud owners of Wind Turbine Generators.

KEY PRODUCTS

Piperazine Anhydrous

Ethylenediamine [EDA]

Diethylenetriamine [DETA]

Triethylenetetramine [TEDA]

Tetraethylenepentamine [TEPA]

Polyamine-Mix

Monoethanolamine [MEA]

Triethylenediamine [TEDA]

Piperazine 68% Solution

KEY PRODUCTS UNDER DEVELOPMENT

PIPERAZINE DERIVATIVES

N-Methyl Piperazine (NMP)

N,N’–Dimethyl Piperazine (DMP)

N–ethyl Piperazine (NEP)

N,N’–Diethyl Piperazine

1–Amino–4–Methyl Piperazine (AMP)

N–Formyl Piperazine

N–Acetyl Piperazine

N–Benzyl Piperazine

N–Phenyl Piperazine

N–(4–Chloro Phenyl) Piperazine

N–(2–Chloro Phenyl) Piperazine

ADDITIONAL PRODUCTS

1,2–Diaminopropane

Dipropylene Triamine

Diacetyl Ethylenediamine (DAED)

Tetracetyl Ethylenediamine (TAED)

Tetra methyl Ethylenediamine (TMEDA)

Amine Mixture Used in CO2 Capture (gas sweetening & acid gas removal)

Now, coming to the financials of the Diamines and chemicals.

FINANCIAL KEY METRICS

The Market Capitalization of Diamines and chemicals is ₹ 298 Cr.

Diamines and chemicals has a price to earnings ratio of 16.1 which is a lesser than the industry price to earnings ratio of 26.6 indicating that Diamines and chemicals share price is lower as compared to the earnings it is generating.

The return on capital employed of the Diamines and chemicals is 34.4% which is quite commendable and shows that the company is providing awesome returns on the capital invested in it.

The return on equity of Diamines and chemicals is 28% showcasing the company’s great return on the investment done by their investors.

The debt to equity ratio of Diamines and chemicals is 0 which is ideal for any company.

FINANCIAL ANALYSIS

For the quarter ended 30-06-2021, Diamines share price reported a sales of Rs 14.82 Cr.

The sales of the company were up by almost 3% from last quarter sales of Rs 14.41 Cr which is a good performance from the company.

The net profit of Diamines share price was Rs 3.72 Cr in the latest quarter ended 30-06-2021.

The earning per share of the company is Rs 3.80 which is as per the quarter ended 30-06-21.

SHARE HOLDING SYNOPSIS

PROMOTERS – 54.23%.

DIIs – 0.04%.

FIIs – 0.04%.

PUBLIC – 45.74%.

This is a brief overview of the financials of the Diamines share price.

Now, let’s deep dive into the technical of Diamines share price.

CHART PATTERN ANALYSIS

If we take a closer look at the chart in a daily time frame, a falling wedge pattern is visible, and the Diamines share price has taken multiple support on the demand zone.

For Diamines share price there is 1 target as stated in the above image.

The Diamines share price on 22nd September 2021 is Rs 304.

MOVING AVERAGE

For Diamines share price analysis, we are taking 9 days and 21 days moving average.

In the history of the stock, whenever the 9 days moving average had crossed the 21 days moving average, a great rally was seen in downwards or upwards direction.

The 9 days moving average is indicated in red while the 21 days moving average in blue color.

SUPER TREND

The super trend for Diamines share price is suggesting a buying signal in the 2 hours time frame.

In the daily timeframe there is a selling signal but that would change once the share price tends to move upward.

DISCLAIMER