Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.08 | 29.40 | 16.18 | 12.76 | 18.13 | 17.56 | 20.13 | 41.97 | 21.84 | 35.84 | 21.97 | 35.27 |
| Expenses | 11.44 | 21.91 | 9.93 | 9.82 | 14.92 | 28.95 | 16.30 | 39.53 | 17.82 | 33.36 | 24.24 | 29.58 |
| Operating Profit | 7.64 | 7.49 | 6.25 | 2.94 | 3.21 | -11.39 | 3.83 | 2.44 | 4.02 | 2.48 | -2.27 | 5.69 |
| OPM % | 40.04% | 25.48% | 38.63% | 23.04% | 17.71% | -64.86% | 19.03% | 5.81% | 18.41% | 6.92% | -10.33% | 16.13% |
| Other Income | 1.14 | 1.19 | 1.71 | 1.34 | 1.65 | 1.50 | 1.37 | 2.36 | 1.70 | 1.43 | 1.87 | 3.45 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.25 | 0.29 | 0.35 | 0.40 | 0.42 | 0.44 | 0.45 | 0.46 | 0.52 | 0.52 | 0.53 | 0.54 |
| Profit before tax | 8.53 | 8.39 | 7.61 | 3.88 | 4.44 | -10.33 | 4.75 | 4.34 | 5.20 | 3.39 | -0.93 | 8.60 |
| Tax % | 25.56% | 22.77% | 25.76% | 25.77% | 26.35% | -24.30% | 29.68% | 25.12% | 25.58% | 23.89% | -31.18% | 25.70% |
| Net Profit | 6.35 | 6.48 | 5.66 | 2.88 | 3.28 | -7.81 | 3.34 | 3.25 | 3.87 | 2.57 | -0.64 | 6.39 |
| EPS in Rs | 11.96 | 12.21 | 10.66 | 5.43 | 6.18 | -14.71 | 6.29 | 6.12 | 7.29 | 4.84 | -1.21 | 12.04 |
| Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51 | 27 | 27 | 33 | 48 | 51 | 74 | 74 | 74 | 69 | 122 | 115 |
| Expenses | 35 | 25 | 25 | 32 | 38 | 42 | 51 | 49 | 52 | 70 | 115 | 105 |
| Operating Profit | 16 | 2 | 2 | 0 | 11 | 8 | 23 | 25 | 21 | -1 | 7 | 10 |
| OPM % | 30% | 8% | 8% | 1.5% | 22% | 17% | 31% | 34% | 29% | -1.8% | 6% | 9% |
| Other Income | 4 | 3 | 3 | 4 | 2 | 2 | 1 | 4 | 5 | 6 | 7 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 18 | 4 | 3 | 2 | 10 | 8 | 21 | 27 | 25 | 3 | 12 | 16 |
| Tax % | 33% | 33% | 45% | 13% | 22% | 25% | 26% | 25% | 25% | 38% | 25% | |
| Net Profit | 12 | 3 | 2 | 2 | 8 | 6 | 15 | 20 | 19 | 2 | 9 | 12 |
| EPS in Rs | 22.57 | 5.61 | 3.18 | 3.00 | 15.31 | 10.64 | 29.10 | 38.20 | 35.81 | 3.18 | 17.07 | 22.96 |
| Dividend Payout % | 18% | 36% | 31% | 0% | 0% | 9% | 3% | 5% | 6% | 0% | 23% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 9% | 19% | 18% | 18% | ||
| Compounded Profit Growth | -13% | -13% | -48% | 492% | ||
| Stock Price CAGR | 9% | 18% | -21% | -11% | ||
| Return on Equity | 9% | 10% | 5% | 2% |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 34 | 43 | 47 | 47 | 48 | 56 | 62 | 77 | 96 | 114 | 115 | 124 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 9 | 12 | 12 | 11 | 12 | 13 | 13 | 12 | 14 | 7 | 22 | 30 |
| Total Liabilities | 49 | 60 | 64 | 63 | 65 | 75 | 80 | 94 | 116 | 127 | 142 | 160 |
| Fixed Assets | 7 | 7 | 7 | 14 | 12 | 10 | 10 | 7 | 8 | 13 | 15 | 18 |
| CWIP | 1 | 2 | 7 | 0 | 0 | 1 | 0 | 1 | 2 | 2 | 3 | 0 |
| Investments | 14 | 19 | 20 | 20 | 14 | 5 | 4 | 23 | 42 | 54 | 52 | 57 |
| Other Assets | 26 | 32 | 29 | 29 | 40 | 60 | 66 | 62 | 64 | 57 | 73 | 84 |
| Total Assets | 49 | 60 | 64 | 63 | 65 | 75 | 80 | 94 | 116 | 127 | 142 | 160 |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 10 | 14 | 7 | 2 | -6 | -7 | 16 | 12 | 14 | 16 | 3 | 12 |
| Cash from Investing Activity | -8 | -12 | -3 | -2 | 7 | 7 | 1 | -16 | -24 | -14 | 1 | -3 |
| Cash from Financing Activity | -3 | -1 | -3 | -1 | -1 | 1 | -1 | -1 | -1 | -1 | -1 | 0 |
| Net Cash Flow | -1 | 1 | 1 | -2 | 1 | 1 | 16 | -5 | -10 | 1 | 3 | 9 |
| Free Cash Flow | 9 | 12 | 3 | -2 | -7 | -8 | 15 | 11 | 11 | 9 | -0 | 8 |
| CFO/OP | 213% | 131% | 451% | 163% | -1,094% | -46% | 203% | 74% | 86% | 106% | -602% | 248% |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 139 | 75 | 82 | 64 | 61 | 97 | 79 | 58 | 84 | 51 | 71 | 35 |
| Inventory Days | 229 | 130 | 198 | 398 | 516 | 471 | 273 | 288 | 397 | 401 | 413 | 164 |
| Days Payable | 67 | 80 | 114 | 264 | 182 | 83 | 47 | 37 | 91 | 51 | 81 | 56 |
| Cash Conversion Cycle | 302 | 125 | 166 | 199 | 396 | 486 | 305 | 309 | 391 | 401 | 403 | 144 |
| Working Capital Days | 144 | 45 | 14 | 48 | 136 | 218 | 156 | 132 | 164 | 157 | 128 | 41 |
| ROCE % | 16% | 41% | 9% | 6% | 4% | 18% | 12% | 28% | 30% | 22% | 1% | 6% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% |
| FIIs | 0.25% | 0.19% | 0.10% | 0.09% | 0.09% | 0.10% | 0.14% | 0.03% | 0.01% | 0.02% | 0.72% | 0.83% |
| DIIs | 0.00% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
| Public | 46.07% | 45.92% | 46.00% | 45.99% | 46.01% | 46.00% | 45.96% | 46.06% | 46.10% | 46.10% | 45.38% | 45.26% |
| No. of Shareholders | 12,748 | 14,615 | 15,415 | 14,878 | 15,813 | 16,033 | 15,762 | 15,485 | 15,024 | 14,679 | 14,214 | 13,960 |
Fundamentals
Market Cap₹ 393 Cr.
Current Price₹ 741
Stock P/E32.3
Book Value₹ 244
ROCE5.83 %
ROE2.25 %
Dividend Yield0.54 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)492%
Standalone figures.
Valuation
Market capRs 384 Cr
Enterprise valueRs 364 Cr
P/E (TTM)31.53x
Price to book2.97x
Price to sales3.34x
EV / EBITDA19.74x
EV / EBIT22.29x
EV / sales3.17x
Price to cash flow31.42x
Earnings yield3.17%
Dividend yield0.55%
P/E, 3-year average100.31x
P/B, 3-year average4.35x
P/E, 5-year average67.39x
P/B, 5-year average4.02x
Profitability
Operating margin (excl. other income)5.57%
Operating margin (incl. other income)11.59%
EBITDA margin16.04%
Pre-tax margin14.15%
Net profit margin10.61%
Net margin, latest quarter18.12%
ROE7.26%
ROCE9.67%
ROA6.00%
ROE, 3-year average8.62%
ROCE, 3-year average11.68%
ROA, 3-year average7.65%
ROE, 5-year average13.74%
ROCE, 5-year average18.64%
ROA, 5-year average12.03%
ROIC (approx.)11.30%
Tax rate24.58%
Other income / net worth5.67%
Growth
Sales growth (latest year)77.34%
Profit growth (latest year)436.09%
Sales CAGR, 3 years18.24%
Sales CAGR, 5 years19.20%
Profit CAGR, 3 years-23.55%
Profit CAGR, 5 years9.90%
Sales growth QoQ60.54%
Sales growth YoY (latest quarter)-15.96%
Profit growth YoY (latest quarter)96.62%
Per share
EPS (TTM)Rs 22.96
EPS (latest year)Rs 17.07
EPS (latest quarter)Rs 12.04
EPS, 3-year averageRs 18.69
EPS, 5-year averageRs 24.67
Book value per shareRs 243.64
Sales per shareRs 216.48
Cash flow per shareRs 23.04
Free cash flow per shareRs 15.07
Dividend per share (latest year)Rs 3.99
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 2.25
Dividends
Dividend payout23.40%
Dividend payout, 3-year average14.49%
Dividend payout, 5-year average9.41%
Efficiency
Asset turnover0.76x
Fixed asset turnover6.73x
Inventory turnover2.81x
Inventory days130 days
Debtor days35 days
Debtors turnover10.35x
Creditor days56 days
Cash conversion cycle144 days
Working capital days41 days
Leverage
Cash and bankRs 20 Cr
Net debtRs -20 Cr
Net debt / EBITDA-1.11x
Interest coverage272.00x
Owners' fund to total sources80.94%
Cash flow
Cash from Operating Activity (latest year)Rs 12 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs 8 Cr
Cash from ops / profit, 5 years0.88x
Sales to cash flow9.94x
Statement figures
Net sales (TTM)Rs 115 Cr
Net sales (latest year)Rs 122 Cr
Sales (latest quarter)Rs 35 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 18 Cr
PBDT (TTM)Rs 18 Cr
Profit before tax (TTM)Rs 16 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 9 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 87 Cr
Total expenditure (latest year)Rs 115 Cr
Total income (latest year)Rs 129 Cr
Share capitalRs 5 Cr
ReservesRs 124 Cr
Shareholders' fundsRs 129 Cr
Total assetsRs 160 Cr
Net blockRs 18 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 57 Cr
ReceivablesRs 12 Cr
InventoryRs 31 Cr
Other liabilitiesRs 30 Cr
Shares outstanding (crore)0.53
Ownership
Promoter holding53.68% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 31.5 is at the 25th percentile of its own 9.4-year range
(median 44.7, low 13.0, high 280.1).
P/B 2.97 is at the 37th percentile (median 3.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | DENORA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.7% | -2.8% | -4.9 pts |
| 1 month | -11.1% | -6.8% | -4.3 pts |
| 3 months | -17.6% | -7.6% | -10.0 pts |
| 6 months | +6.2% | +0.4% | +5.8 pts |
| 1 year | -16.0% | -9.9% | -6.1 pts |
| 2 years | -53.3% | -13.6% | -39.8 pts |
| 3 years | -52.1% | +14.2% | -66.3 pts |
| 5 years | +125.3% | +27.9% | +97.4 pts |
Red flags
F-score 8 of 8| look | Profit leans on other income Other income was 61% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹35 Cr -16.0% vs Jun 2025.
Net profit ₹6 Cr +96.6%.
Activity
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| Foseco Crucible (India) Ltd | 1,113 | 28.3 | 33.2 % |
| Orient Ceratech Ltd | 535 | 15.9 | 11.4 % |
| Panasonic Carbon India Company Ltd | 190 | 9.90 | 16.8 % |
| Royal Arc Electrodes Ltd | 166 | 16.6 | 18.0 % |
| Refractory Shapes Ltd | 89 | 18.6 | 10.7 % |
| Nilachal Refractories Ltd | 77 | -6.32 % | |
| Auro Impex & Chemicals Ltd | 52 | 12.6 | 10.1 % |
| SP Refractories Ltd | 23 | 6.41 | 28.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-16 | Dividend - Rs 4 Per Share | |
| 2024-09-17 | Annual General Meetingdividend - Rs 2 Per Share | |
| 2023-09-05 | Annual General Meeting/Dividend - Rs 2 Per Share | |
| 2022-09-20 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2021-09-15 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2020-09-15 | Annual General Meeting | |
| 2019-09-18 | Annual General Meeting | |
| 2018-09-18 | Dividend Re 1 Per Share | |
| 2017-09-19 | Annual General Meeting/Dividend - Rs 2/- Per Share | |
| 2016-09-12 | Dividend Rs 4/- Per Share | |
| 2015-06-18 | Dividend Rs 1.50 Per Share | |
| 2014-05-08 | Annual General Meeting / Dividend - Rs 4/- Per Share | |
| 2013-05-02 | Dividend Rs 7 Per Share | |
| 2012-06-21 | Dividend Rs 6 Per Share | |
| 2011-05-12 | Dividend-Rs.5/- Per Share | |
| 2010-04-26 | Annual General Meeting | |
| 2009-04-24 | Agm/Div-Rs.2.50/-Pershare | |
| 2008-03-31 | Agm/Div-Rs.5.80/- Per Shr | |
| 2007-05-14 | Div-Rs.6.90/- Per Share | |
| 2006-04-13 | Dividend-Rs.7/- Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of DE Nora India Ltd?
DE Nora India Ltd (DENORA) has a market capitalisation of Rs 393 Cr. at the 2026-10-01 close.
What is the P/E ratio of DE Nora India Ltd?
DE Nora India Ltd trades at a P/E of 32.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were DE Nora India Ltd's latest quarterly results?
In the Jun 2026 quarter, DE Nora India Ltd sales was Rs 35 Cr (-16.0% vs Jun 2025) and net profit was Rs 6 Cr.
What is the 52-week high and low of DE Nora India Ltd?
The 52-week high is Rs 960.35 and the 52-week low is Rs 559.00.