Investors

Group Structure

Diesel & Motor Engineering PLC
LOCAL FOREIGN
DIMO (Pvt) Ltd DIMO Global PTE LTD
Plant Seeds (Pvt) Ltd Azendtech LLC-FZ
PlantChem (Pvt) Ltd DIMO Australia Pty Ltd
DIMO Travels (Pvt) Ltd DIMO Coastelin Pvt Ltd
DIMO Industries (Pvt) Ltd DIMO Bangladesh Pvt Ltd
DIMO Lifeline (Private) Limited Diesel & Motor Engineering PLC-Uganda Branch
Moveflex (Private) Limited DIMO Lanka Company Ltd
Virgin Oil International (Pvt) Ltd United DIMO Company Ltd
Azend Technologies (Pvt) Ltd
Mansel Ceylon (Pvt) Ltd
Associated Laboratories (Pvt) Ltd
Tropical Health Food (Pvt) Ltd
DI Solar Beliatta (Pvt) Ltd
DIMO Solar Anuradhapura (Pvt) Ltd
DIMO Solar Galle (Pvt) Ltd
DIMO Solar Galle Two (Pvt) Ltd
DIMO Solar Galle Three (Pvt) Ltd
DIMO Solar Galle Four (Pvt) Ltd
DIMO Academy of Higher Education (Pvt) Ltd

Financial Highlights

Rs. 43,644 million

Group Revenue

(2022/23 - Rs 35,299 million)
Rs. 183 million

Profit Before Tax

(2022/23 - Rs. 737 million)
4.2

Employee Engagement Score

(2022/23 - 4.2)
Rs. 22.58 million

Turnover per employee

(2022/23 - Rs. 18.90 million)
Rs. 1,776.76

Net Assets Per Share

(2022/23 - Rs. 1,622.31)
91%

Customer Satisfaction Index

(2022/23 - 89%)

Financial Capital

Rs. 621 million

Stated Capital

(2022/23: Rs. 621 million)
Rs. 8,680 million

General Reserves and Retained Earnings

(2022/23: Rs. 8,744 million)
Rs. 19,529 million

Short-term borrowings

(2022/23: Rs. 11,757 million)
Rs. 2,866 million

Long-term borrowings

(2022/23: Rs. 1,973 million)
Rs. 8%

ROCE

(2022/23 : 14%)
3,384

Ended the year with a net cash position

(2022/23: Rs. 2,568 million)
Rs. 3,655 million

Earnings before interest, tax, depreciation and amortization

(2022/23: Rs. 4,538 million)
Rs. 92 million

Paid as a cash dividend during the year

(2022/23: Rs. 115 million)

Structure of the Share Capital

The Names and the Number of Shares held by the Twenty Largest Shareholders of the Company

Name As at 31st March 2024 As at 31st March 2023 Movement
Shares % Shares % Shares %
Employee's Provident Fund 1,835,870 19.89 1,835,870 19.89 - -
A.R. Pandithage 1,030,882 11.17 1,030,882 11.17 - -
J.C. Pandithage 976,042 10.57 976,042 10.57 - -
A & G Investments Pvt Limited 667,395 7.23 667,395 7.23 - -
S.C. Algama 590,497 6.40 590,497 6.40 - -
A.G. Pandithage 546,846 5.92 546,846 5.92 - -
C.R. Pandithage 228,144 2.47 222,644 2.41 5,500 2.47
A.N. Algama 222,288 2.41 222,288 2.41 - -
Almar Trading Co (Pvt) Ltd 198,900 2.15 198,900 2.15 - -
A.M. Pandithage 189,611 2.05 189,611 2.05 - -
T.G.H. Peries 189,407 2.05 189,407 2.05 - -
D. Jayanntha 166,400 1.80 166,400 1.80 - -
T.R.N.C. Peries 153,929 1.67 153,929 1.67 - -
L.P. Algama - - 139,951 1.52 (139,951) (100)
N.U. Algama 123,598 1.34 123,598 1.34 - -
Ideal Automobile (Pvt) Ltd 87,938 0.95 87,938 0.95 - -
M.I. Algama 69,976 0.76 69,976 0.76 - -
L.S. Algama 69,975 0.76 69,975 0.76 - -
Bank of Ceylon No. 1 Account 61,054 0.66 61,054 0.66 - -
H.S. Pandithage - - 46,849 0.51 (46,849) (100)
Rubber Investment Trust Ltd A/C No 01 52,761 0.57 - - 52,761 100
I.S. Salgado 47,840 0.52 - - 47,840 100
Total 7,509,353 81.34 7,590,052 82.22 (80,699) (1)

Analysis of Last Ten Years Investor Related Data

The table mentioned below shows some relevant ratios including net assets value per share, EPS, assets turnover ratio and market price of the shares over last ten years.

Financial Year Paid up/ Stated Capital Reserves Total Equity Growth Rate EPS (Rs.) Total Assets Total Turnover Total Assets to Net Turnover Ratio Net Assets Value Per Share Market Price of Share
Highest Lowest Closing
2014/15 425,297 8,812,641 9,237,938 - 67.15 18,072,289 28,037,376 1.551 1,040.73 730 485 630
2015/16 425,297 9,564,382 9,989,679 8.53% 106.64 20,332,644 37,749,750 1.857 1,125.42 799 520.1 549.7
2016/17 425,297 9,739,645 10,164,942 1.83% 73.99 22,759,418 44,492,990 1.955 1,145.16 790 542 559.9
2017/18 425,297 11,655,064 12,080,361 19.67% 58.50 28,572,362 43,686,158 1.529 1,326.68 639 462 464.9
2018/19 425,297 11,655,154 12,080,451 0.00% 5.78 29,300,192 38,300,350 1.307 1,322.70 475 290 304.7
2019/20 425,297 11,923,634 12,348,931 2.30% 21.97 32,025,571 34,557,871 1.079 1,349.53 350 245 250
2020/21 425,297 14,535,955 14,961,252 21.91% 52.72 32,116,151 30,819,014 0.960 1,638.27 672 188 530.25
2021/22 620,578 14,845,909 15,466,487 2.13% 76.06 40,304,990 37,507,480 0.931 1,696.73 1,450 451 488
2022/23 620,578 14,733,053 15,353,631 -0.76% 62.73 39,562,387 35,299,201 0.892 1,622.31 740 280 466
2023/24 620,578 16,228,057 16,848,635 10.15% 4.65 48,992,998 44,217,038 0.903 1,671.23 550 471.5 513.25

Statement of Profit or Loss and Other Comprehensive Income

For the year ended 31st March Note Group Company
2024 Rs.'000 2023 Rs.'000 Change % 2024 Rs.'000 2023 Rs.'000 Change %
Revenue 4.1 43,644,295 35,299,201 24 32,557,940 26,668,117 22
Cost of sales (31,790,151) (22,556,267) (41) (23,364,689) (16,256,088) (44)
Gross profit 11,854,144 12,742,934 (7) 9,193,251 10,412,029 (12)
Other operating income 4.3 575,243 295,694 95 771,686 511,783 51
Selling and distribution expenses (884,002) (536,020) 65 (804,412) (496,629) 62
Impairment loss on trade receivables 4.16.1 (105,241) (79,680) 41 (50,790) (124,838) 59
Administrative expenses (8,354,442) (7,123,775) 17 (6,773,205) (5,768,198) 17
Operating profit 3,085,702 5,299,153 (42) 2,336,530 4,534,147 (48)
Finance income 58,173 141,859 (59) 669,087 491,979 36
Finance costs (2,992,174) (4,708,351) (36) (2,519,671) (4,232,256) (40)
Net finance costs 4.4 (2,934,001) (4,566,492) (36) (1,850,584) (3,740,277) (51)
Share of results of equity-accounted investees, net of tax 4.12.5 31,410 4,595 584 31,410 4,595 584
Profit before tax 4.5 183,111 737,256 (75) 517,356 798,485 (35)
Income tax expense 4.6.2 (90,506) (39,112) 131 (159,332) (154,649) 3
Profit for the year 92,605 698,144 (87) 358,024 643,816 (44)
Other Comprehensive Income
Items that will not be reclassified to profit or loss in subsequent periods
Remeasurement (loss)/gain on defined benefit obligation 4.23.1 (83,285) 49,315 (269) (63,026) 42,712 (248)
Deferred tax reversal/(charge) on actuarial (loss)/gain 4.24.1 24,986 (13,660) 283 18,908 (12,814) 248
Revaluation of freehold land 4.9 2,208,774 - 100 2,179,200 - 100
Deferred tax charge on land revaluation 4.24.3 (665,654) - 100 (653,760) - 100
Income tax rate change impact on revaluation of freehold land 4.21.1 - (493,462) (100) - (480,800) (100)
Net change in fair value of equity investments at FVOCI 2,687 (1,604) (267) 2,687 (2,529) (206)
Items that are or may be reclassified to profit or loss in subsequent periods
Foreign currency translation differences of foreign operations 4.21.2 (53,543) (87,509) (39) (21,040) (58,313) (64)
Total other comprehensive income, net of tax 1,433,965 (546,920) (362) 1,462,969 (511,744) (386)
Total comprehensive income for the year 1,526,570 151,224 909 1,820,993 132,072 1,279
Profit attributable to:
Equity holders of the parent 42,962 579,060 (93) 358,024 643,816 (44)
Non-controlling interest 49,643 119,084 (58) - - -
92,605 698,144 (87) 358,024 643,816 (44)
Total comprehensive income attributable to:
Equity holders of the parent 1,477,282 33,403 4,323 1,820,993 132,072 1,279
Non-controlling interest 49,288 117,821 (58) - - -
1,526,570 151,224 909 1,820,993 132,072 1,279
Basic and diluted earnings per share (Rs.) 4.7 4.65 62.73 38.78 69.74
Dividend per share (Rs.) 4.8 - - 10.00 12.50
Figures in brackets indicate deductions.