DIAMINESQ
Diamines & Chemicals financials
- Market cap
- ₹260 Cr
- Sector
- Chemicals
What Diamines & Chemicals Limited does
Diamines and Chemicals Limited manufactures a range of ethylene amines at its own factory at Plot No. 13, PCC Area, Petrochemicals, Vadodara, Gujarat. The company draws part of its power captively from a wind turbine generator it owns in Kutch, Gujarat. It also holds a wholly-owned subsidiary, DACL Fine Chem Limited, and a 35% stake in joint venture KLJ Organic Diamines Limited (formed with KLJ Organic Limited), which had not yet started commercial production as of the report date.
Segments
- Ethylene amines manufacturing
- Manufacturing plants
- 1 (Vadodara, Gujarat)
- Annual production volume
- ~1,792 MT (FY25)
- Captive wind power capacity
- 0.75 MW (Shikharpur, Kutch, Gujarat)
- Wholly-owned subsidiaries
- 1 (DACL Fine Chem Limited)
- Joint venture / associate companies
- 1 (KLJ Organic Diamines Limited, 35% stake; not yet commercial)
Quarterly results
Q1 FY27: revenue up 17.3%, net profit up 96.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 18 | 18 | 12 | 9 −52% | 8 −56% | 9 −48% | 14 +17% |
| EBITDA | 4 | 2 | 2 | -4 | -4 −208% | -3 −288% | -3 −284% | 0 +110% |
| Net profit | 2 | 1 | 1 | -3 | -4 −269% | -3 −553% | -2 −292% | -0 +96% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −27.2% 1Y
1Y: ₹354.8 on 10 Sept 2025 → ₹258.27. High ₹374.5 (19 Sept 2025), low ₹212.37 (24 Mar 2026).
Financials, as filed
Revenue fell 29.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to -35.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹111 Cr | ₹104 Cr | ₹71 Cr | ₹38 Cr |
| Operating profit | ₹56 Cr | ₹23 Cr | ₹5 Cr | ₹-14 Cr |
| Operating margin | 50.2% | 21.8% | 7.6% | -35.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr |
| Net profit | ₹42 Cr | ₹15 Cr | ₹3 Cr | ₹-13 Cr |
| Net margin | 37.9% | 14.9% | 3.8% | -33.2% |
| Cash from operations | ₹16 Cr | ₹22 Cr | ₹-5 Cr | ₹-11 Cr |
| Free cash flow | ₹-7 Cr | ₹13 Cr | ₹-9 Cr | ₹-32 Cr |
| ROCE | 48.0% | 16.0% | 3.0% | -8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹75 Cr | ₹90 Cr | ₹125 Cr | ₹138 Cr | ₹144 Cr | ₹147 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹8 Cr |
| Other liabilities | ₹10 Cr | ₹10 Cr | ₹17 Cr | ₹15 Cr | ₹13 Cr | ₹9 Cr |
| Total liabilities | ₹95 Cr | ₹111 Cr | ₹151 Cr | ₹163 Cr | ₹178 Cr | ₹174 Cr |
| Fixed assets | ₹22 Cr | ₹38 Cr | ₹40 Cr | ₹65 Cr | ₹65 Cr | ₹65 Cr |
| Capital work in progress | ₹0 Cr | ₹2 Cr | ₹21 Cr | ₹1 Cr | ₹13 Cr | ₹19 Cr |
| Investments | ₹6 Cr | ₹13 Cr | ₹13 Cr | ₹16 Cr | ₹12 Cr | ₹10 Cr |
| Other assets | ₹66 Cr | ₹58 Cr | ₹76 Cr | ₹81 Cr | ₹87 Cr | ₹80 Cr |
| Total assets | ₹95 Cr | ₹111 Cr | ₹151 Cr | ₹163 Cr | ₹178 Cr | ₹174 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +2.29 pp while the public trimmed −2.28 pp. The shareholder count shrank 7% to 12,633.
- Promoters
- 57.5%
- DIIs
- 0.0%
- Public
- 42.5%
Since Jun 2025
- Promoters +2.29 pp
- Public −2.28 pp
- DIIs −0.01 pp
How it drifted, 12 quarters
Over this window promoters went from 54.6% to 57.5% — +2.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 54.6%, DIIs 0.0%, Public 45.3%.Dec '23: Promoters 54.6%, DIIs 0.0%, Public 45.3%.Mar '24: Promoters 54.9%, FIIs 0.0%, DIIs 0.0%, Public 45.1%.Jun '24: Promoters 54.9%, DIIs 0.0%, Public 45.1%.Sep '24: Promoters 54.9%, DIIs 0.0%, Public 45.1%.Dec '24: Promoters 54.9%, DIIs 0.0%, Public 45.1%.Mar '25: Promoters 55.2%, FIIs 0.0%, DIIs 0.0%, Public 44.8%.Jun '25: Promoters 55.2%, DIIs 0.0%, Public 44.8%.Sep '25: Promoters 55.2%, DIIs 0.0%, Public 44.8%.Dec '25: Promoters 55.3%, DIIs 0.0%, Public 44.6%.Mar '26: Promoters 57.4%, FIIs 0.1%, DIIs 0.0%, Public 42.5%.Jun '26: Promoters 57.5%, DIIs 0.0%, Public 42.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Investor Education And Protection Fund Authority Ministry Of Corporate Affairs newly disclosed 1.89% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Diamines & Chemicals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Amit M Mehta | 13.64% | unchanged |
| Cherry A Mehta | 11.55% | unchanged |
| Perfo Chem (India) Pvt Ltd | 9.82% | unchanged |
| Harsh Amit Mehta | 5.60% | unchanged |
| Mohak Amit Mehta | 5.51% | unchanged |
| Finorga India Pvt Ltd | 5.14% | unchanged |
| S Amit Speciality Chemicals Pvt Ltd | 5.11% | unchanged |
| Sharad Kanayalal Shah | 3.29% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.89% | newly disclosed |
| Dipak Kanayalal Shah | 1.36% | −0.30 pp |
| Pinakin Kantilal Patel | 1.00% | unchanged |
| Surbhi Kishore Tanna | 0.11% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Diamines & Chemicals Limited
Guides on how to read this kind of business and the numbers that matter.