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Diamines & Chemicals Limited
Sector:Chemicals Chemicals - Organic Chemicals
Market Lot: 1Face Value: 10ISIN Demat: INE591D01014
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Business Profile
Diamines & Chemicals (DIAMINESQ), incorporated on May 12, 1976, is a is a leading producer of ethylene amines in India.

The ISO 9001:2000 certified company has a product range which includes piperazine anhydrous, ethylene diamine, amino ethyl piperazine, polyamines mix, mono ethanolamine, diethylene triaminem among other products. The company focuses its product mix on piperazine, used mainly in pharmaceuticals, agrochemical, lubricants, fuel additives, and other areas. It is the only indigenous manufacture and supplier of the piperazine range in India.

The manufacturing unit is situated in the petrochemicals complex area around 15 Km from Baroda Railway Station with an in-house, government-recognized R&D center and fully equipped quality assurance laboratory. The annual installed capacity is 5,500 MT ethylene diamine and polyamines. The company has set up two wind mills, one at Surajbari, Gandhidham and another one at Dhule, Maharashtra in order to generate power for in-house consumption as well as to generate revenue by supplying power to Maharashtra State Electricity Board.

The registered office is located at Plot No 13, PCC Area, P.O. Petrochemicals, Vadodara-391346, Gujarat.

The company disclosed rise of 99.88% in standalone net profit on y-o-y basis to Rs 29.02 million, while total income increased 7.28% y-o-y basis to Rs 140.94 million for the quarter ended March 2014.

Recent Developments
Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of `3/5` (pronounced `3/5`) to Diamines and Chemicals (Diamines). The grade indicates that the company`s fundamentals are `good` relative to other listed equity securities in India.

Future Plans
Company is focusing on cost cutting by technology innovation for the manufacture of ethylene amines. It is planning to develop new value added products from either slow moving products or by-products.

In Brief

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