MarketFriction

D-Link India Ltd

NSE DLINKINDIA · BSE 533146 · Computers Hardware & Equipments
₹406.60 -1.27%
NSE close2026-10-01
52 week range367.65 - 549.20
Market cap₹1,470 Cr.
P/E13.7
Results 31-10 Price band 20% Delivery 57.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales308294334346337331370350377395444457
Expenses278265303318304298337321344361409422
Operating Profit302931283333322933353535
OPM %10%10%9%8%10%10%9%8%9%9%8%8%
Other Income344544654445
Interest000000000000
Depreciation222222222222
Profit before tax323134323536373334363737
Tax %26%26%25%26%24%25%26%26%26%26%25%26%
Net Profit242325242726272425272828
EPS in Rs6.656.467.076.657.537.467.736.877.157.527.787.78
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7217076447167407279181,1811,2361,3841,5661,672
Expenses6836816256706986858621,0661,1181,2571,4341,535
Operating Profit38251846424256115117127132137
OPM %5%3.6%2.8%6%6%6%6%10%10%9%8%8%
Other Income123-31477714201716
Interest011011011111
Depreciation221165556777
Profit before tax38251941504257116124140140144
Tax %35%34%33%36%29%26%26%26%25%25%26%
Net Profit241713263531428693104104107
EPS in Rs6.874.703.577.459.928.8311.9124.3226.0929.3629.3130.23
Dividend Payout %10%11%14%13%15%20%25%41%50%68%94%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%17%10%20%
Compounded Profit Growth14%23%2%2%
Stock Price CAGR17%22%9%-11%
Return on Equity17%20%20%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital777777777777
Reserves128149167178203231259296371428468499
Borrowings2011001074108415
Other Liabilities12617780123132129158206241252268291
Total Liabilities263333265309342377431513629695748811
Fixed Assets353534333242383440383445
CWIP000000000000
Investments0504722498393158168136
Other Assets228293231272303313345396496500546630
Total Assets263333265309342377431513629695748811
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity219-1834328753361219015
Cash from Investing Activity-1-54-6-6-19-58-19-5-67-666
Cash from Financing Activity-3-6-4-3-2-11-8-11-15-41-71-81
Net Cash Flow-28-1825-5-284-151213-1
Free Cash Flow018-1933228743351209013
CFO/OP37%89%-32%235%36%97%203%86%31%130%98%38%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days81877698958689929410096103
Inventory Days566240435261564552292429
Days Payable8210246807575929286858075
Cash Conversion Cycle544770617172534560444057
Working Capital Days545267687578595264504861
ROCE %25%15%11%23%20%16%19%33%29%28%26%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%
FIIs0.34%0.35%0.29%1.07%0.50%0.84%1.20%1.21%1.11%1.13%1.26%1.35%
DIIs0.13%0.11%0.00%0.54%0.72%0.12%0.00%0.01%0.01%0.01%0.01%0.01%
Public48.51%48.52%48.67%47.37%47.76%48.01%47.77%47.75%47.87%47.84%47.71%47.62%
No. of Shareholders45,44846,72846,96948,51263,91571,47973,77272,84373,71372,76772,77573,430

Fundamentals

Market Cap₹ 1,470 Cr.
Current Price₹ 414
Stock P/E13.7
Book Value₹ 142
ROCE25.9 %
ROE18.1 %
Dividend Yield6.28 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)2%
Consolidated figures.
Valuation
Market capRs 1,444 Cr
Enterprise valueRs 1,392 Cr
P/E (TTM)13.46x
Price to book2.85x
Price to sales0.86x
EV / EBITDA9.09x
EV / EBIT9.54x
EV / sales0.83x
Price to cash flow96.95x
Earnings yield7.43%
Dividend yield6.76%
P/E, 3-year average12.44x
P/B, 3-year average2.65x
P/E, 5-year average11.73x
P/B, 5-year average2.35x
Profitability
Operating margin (excl. other income)8.43%
Operating margin (incl. other income)9.49%
EBITDA margin9.16%
Pre-tax margin8.64%
Net profit margin6.41%
Net margin, latest quarter6.04%
ROE21.21%
ROCE28.27%
ROA13.35%
ROE, 3-year average22.29%
ROCE, 3-year average29.61%
ROA, 3-year average13.93%
ROE, 5-year average21.42%
ROCE, 5-year average28.47%
ROA, 5-year average13.17%
ROIC (approx.)23.85%
Tax rate25.70%
Other income / net worth3.29%
Growth
Sales growth (latest year)13.14%
Profit growth (latest year)-0.19%
Sales CAGR, 3 years9.87%
Sales CAGR, 5 years16.60%
Profit CAGR, 3 years6.41%
Profit CAGR, 5 years27.12%
Sales growth QoQ2.99%
Profit growth QoQ0.00%
Sales growth YoY (latest quarter)30.50%
Profit growth YoY (latest quarter)13.25%
Per share
EPS (TTM)Rs 30.22
EPS (latest year)Rs 29.31
EPS (latest quarter)Rs 7.78
EPS, 3-year averageRs 28.25
EPS, 5-year averageRs 24.20
Book value per shareRs 142.43
Sales per shareRs 471.06
Cash flow per shareRs 4.19
Free cash flow per shareRs 3.66
Dividend per share (latest year)Rs 27.49
Dividend per share, 3-year averageRs 20.16
Dividend per share, 5-year averageRs 14.70
Dividends
Dividend payout93.81%
Dividend payout, 3-year average70.58%
Dividend payout, 5-year average55.60%
Efficiency
Asset turnover1.93x
Fixed asset turnover35.03x
Inventory turnover13.03x
Inventory days28 days
Debtor days103 days
Debtors turnover3.53x
Creditor days75 days
Cash conversion cycle57 days
Working capital days61 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 66 Cr
Net debtRs -51 Cr
Debt to equity0.03x
Net debt / EBITDA-0.33x
Interest coverage102.73x
Current ratio (filing 2026-03-31)2.56x
Quick ratio (filing 2026-03-31)2.21x
Trade payables (filing 2026-03-31)Rs 272 Cr
Owners' fund to total sources62.32%
Debt to assets1.83%
Cash flow
Cash from Operating Activity (latest year)Rs 15 Cr
Cash from Investing Activity (latest year)Rs 66 Cr
Cash from Financing Activity (latest year)Rs -81 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 13 Cr
FCFE (approx.: FCF + change in debt)Rs 24 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow105.15x
Statement figures
Net sales (TTM)Rs 1,672 Cr
Net sales (latest year)Rs 1,566 Cr
Sales (latest quarter)Rs 457 Cr
Operating profit excl. other income (latest year)Rs 132 Cr
Operating profit (latest quarter)Rs 35 Cr
Other income (TTM)Rs 16 Cr
EBITDA (TTM)Rs 153 Cr
PBDT (TTM)Rs 152 Cr
Profit before tax (TTM)Rs 144 Cr
Tax (latest year)Rs 36 Cr
Net profit (TTM)Rs 107 Cr
Net profit (latest year)Rs 104 Cr
Net profit (latest quarter)Rs 28 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 1,356 Cr
Total expenditure (latest year)Rs 1,434 Cr
Total income (latest year)Rs 1,582 Cr
Share capitalRs 7 Cr
ReservesRs 499 Cr
Shareholders' fundsRs 506 Cr
Total assetsRs 811 Cr
Net blockRs 45 Cr
InvestmentsRs 136 Cr
ReceivablesRs 443 Cr
InventoryRs 104 Cr
Other liabilitiesRs 291 Cr
Shares outstanding (crore)3.55
Ownership
Promoter holding51.02% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.5 is at the 31th percentile of its own 9.4-year range (median 15.5, low 8.2, high 27.5).
P/B 2.85 is at the 66th percentile (median 2.15).
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.
PeriodDLINKINDIANifty 50Difference
1 week-2.9%-2.8% -0.2 pts
1 month-6.8%-6.8% +0.0 pts
3 months-22.5%-7.6% -14.9 pts
6 months+7.6%+0.4% +7.2 pts
1 year-15.5%-9.9% -5.6 pts
2 years-39.1%-13.6% -25.6 pts
3 years+26.4%+14.2% +12.3 pts
5 years+162.2%+27.9% +134.3 pts

Red flags

F-score 4 of 8
explainHigh accruals Profit exceeded operating cash by 11% of total assets in 2026
explainDebt up, profit down Borrowings up 253% while net profit fell in 2026
lookRegulator order or action Regulator order or action 2026-01-20: D-Link (India) Limited has informed the Exchange about Action(s) taken or orders passed
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 2026
Sales ₹457 Cr +30.6% vs Jun 2025. Net profit ₹28 Cr +16.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Rs 20 Per Share/Special Dividend - Rs 7.50
2025-11-14Interim Dividend - Rs 6 Per Share
2025-07-11Dividend - Rs 15 Per Share
2024-11-12Interim Dividend - Rs 5 Per Share
2024-07-12Annual General Meeting/Dividend - Rs 8 Per Share & Special Dividend Rs 5 Per Share
2023-08-18Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per Share
2022-07-28Annual General Meeting/Dividend - Rs 3 Per Share
2021-08-18 Annual General Meeting/Dividend - Rs 1.80 Per Share
2020-09-10 Annual General Meeting/Dividend - Re 1 Per Share
2019-08-14 Interim Dividend - Rs 0.50 Per Share
2019-07-11 Annual General Meeting/Dividend - Re 1 Per Share
2018-07-12 Annual General Meeting/Dividend- Re 0.50 Per Share
2017-07-27 Dividend - Re 0.50 Per Share
2016-07-21 Dividend -Re 0.70 Per Share
2015-07-29Annual General Meeting/Dividend - Re 0.70/- Per Share
2014-05-27Annual General Meeting/Dividend Re.0.60/- Per Share
2013-06-27Annual General Meeting And Dividend Re.0.50 Per Share
2012-06-28Annual General Meeting/Dividend Re 0.40 Per Share
2011-07-11Dividend-Re.0.30 Per Share
2010-08-11Annual General Meeting And Dividend Re.1/- Per Share
DateTypeWhat it says
2026-08-27Change in ManagementChange in Management
2026-08-27RetirementRetirement
2026-08-24AppointmentAppointment of as Non- Executive Independent Director of the company w.e.f. August 26, 2026.
2026-08-24Board meeting outcomeOutcome of Board Meeting held on August 24, 2026.
2026-08-11Shareholder meetingVoting results.
2026-08-10Shareholder meetingProceedings of Annual General Meeting held on August 10, 2026
2026-08-01Board meeting outcomeD-Link (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20General UpdatesShareholders Intimation for web-link of the Annual Report
2026-07-16Shareholder meetingNotice of AGM to be held on August 10, 2026
2026-06-19Disclosure under SEBI TakeovD-Link Holding Mauritius Inc has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board...
2026-05-09AppointmentAppointment of Kirtane & Pandit LLP as Other of the company w.e.f. May 09, 2026.
2026-05-09Shareholder meetingNotice of Annual General Meeting to be held on August 10, 2026
2026-05-09Board meeting outcomeOutcome of Board Meeting held on May 09, 2026.
2026-05-09DividendBoard of Directors at its meeting held on May 09, 2026, declared Special Dividend of Rs. 7.5 per equity share.
2026-05-09Record DateRecord date for the purpose of Dividend is 10-Jul-2026.
2026-05-09DividendBoard of Directors at its meeting held on May 09, 2026, recommended Final Dividend of Rs. 20 per equity share.
2026-05-09Board meeting outcomeD-Link (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-02-05ResignationResignation of Ching Chun Yang as Independent Director of the company w.e.f. February 05, 2026.
2026-02-05Change in ManagementChange in Management
2026-02-05Resignation of Independent dResignation of Independent director.
2026-02-05Board meeting outcomeOutcome of Board Meeting held on February 05, 2026.
2026-02-05Board meeting outcomeD-Link (India) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-20Regulatory actionAction(s) taken or orders passed
2025-11-05Record DateRecord date for the purpose of Dividend is 14-Nov-2025.
2025-11-05DividendBoard of Directors at its meeting held on November 05, 2025, declared Interim Dividend of Rs. 6 per equity share.
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 D-Link India Ltd?

D-Link India Ltd (DLINKINDIA) has a market capitalisation of Rs 1,470 Cr. at the 2026-10-01 close.

What is the P/E ratio of D-Link India Ltd?

D-Link India Ltd trades at a P/E of 13.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were D-Link India Ltd's latest quarterly results?

In the Jun 2026 quarter, D-Link India Ltd sales was Rs 457 Cr (+30.6% vs Jun 2025) and net profit was Rs 28 Cr.

What is the 52-week high and low of D-Link India Ltd?

The 52-week high is Rs 549.20 and the 52-week low is Rs 367.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03