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Dynemic Products


Dynemic Products is in the business of manufacturing food colours and dyes and intermediates.  Its products are manufactured for industrial use in the food, pharmaceutical, drinks, cosmetics and similar industries. 

The company has reported consistent growth in revenues and operating profits over the last five years – reporting about 10cr in operating profits on revenues of about 64cr in the last financial year.  It employed moderate debt of about 17cr in relation to its net current assets and book equity to finance its operations.

Management hasn’t discussed risks impacting their business in any intelligent manner.  It is exposed to INR appreciation since it is a net exporter. 

Management has made several private company investments including loans to overseas companies, real estate investments etc. – leading to obvious questions on appropriateness and fidelity towards minority shareholders.
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