Disa India Ltd

Disa India Ltd

₹ 13,699 0.73%
19 Apr - close price
About

Disa India Ltd is a leading equipment manufacturer with advanced foundry and surface preparation process technology.
It supplies complete foundry systems, with molding machines, sand mixers with combination of sand plant equipment, surface preparation machines and environmental control systems across the country.[1]

Key Points

Product Offerings
The company offers equipment such as foundry products, furnaces, shot blast equipment, and die-casting machines to customers in the iron & aluminum foundry industries. [1]

It also offers various kinds of industrial filters such as cassette type filters, cartridge type filters, pulse jet filters, silo vent filters & auxiliary products. [2]

  • Market Cap 1,992 Cr.
  • Current Price 13,699
  • High / Low 17,570 / 7,826
  • Stock P/E 49.3
  • Book Value 1,620
  • Dividend Yield 0.80 %
  • ROCE 18.4 %
  • ROE 13.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 41.4%

Cons

  • Stock is trading at 8.46 times its book value
  • The company has delivered a poor sales growth of 5.20% over past five years.
  • Debtor days have increased from 51.0 to 63.7 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
72.76 29.63 36.74 66.99 73.57 70.37 62.23 66.34 50.20 73.64 88.02 77.46 59.00
52.59 31.13 32.62 52.70 63.57 54.65 53.48 55.12 48.76 62.15 70.08 66.79 54.45
Operating Profit 20.17 -1.50 4.12 14.29 10.00 15.72 8.75 11.22 1.44 11.49 17.94 10.67 4.55
OPM % 27.72% -5.06% 11.21% 21.33% 13.59% 22.34% 14.06% 16.91% 2.87% 15.60% 20.38% 13.77% 7.71%
2.73 2.64 2.41 2.78 2.76 2.37 2.20 2.45 2.62 3.21 3.82 1.23 4.16
Interest 0.12 0.11 0.15 0.16 0.15 0.32 0.13 0.14 0.23 0.13 0.15 0.12 0.16
Depreciation 0.89 1.08 0.87 0.83 0.81 0.83 1.01 1.02 1.14 1.14 1.15 1.11 1.14
Profit before tax 21.89 -0.05 5.51 16.08 11.80 16.94 9.81 12.51 2.69 13.43 20.46 10.67 7.41
Tax % 25.26% 140.00% 25.95% 26.00% 25.76% 25.03% 25.99% 25.98% 27.88% 25.84% 25.51% 25.40% 25.37%
16.36 0.02 4.08 11.90 8.76 12.70 7.26 9.26 1.94 9.96 15.24 7.96 5.53
EPS in Rs 112.50 0.14 28.06 81.83 60.24 87.33 49.92 63.68 13.34 68.49 104.80 54.74 38.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
154 152 174 184 143 157 196 242 224 178 248 252 298
122 125 144 160 130 143 174 207 189 151 204 220 253
Operating Profit 32 27 30 24 13 15 22 35 35 26 44 33 45
OPM % 21% 18% 17% 13% 9% 9% 11% 15% 16% 15% 18% 13% 15%
5 4 4 9 7 5 5 7 8 10 10 10 12
Interest 0 0 0 1 0 0 0 0 0 0 1 1 1
Depreciation 2 3 4 4 3 2 2 2 3 4 3 4 5
Profit before tax 35 27 30 28 17 18 25 39 39 32 50 38 52
Tax % 35% 31% 36% 37% 36% 38% 36% 30% 26% 25% 26% 26%
23 19 20 18 11 11 16 28 29 24 37 28 39
EPS in Rs 150.11 124.75 129.12 118.39 70.19 76.40 111.95 191.03 196.40 162.01 257.46 195.43 266.06
Dividend Payout % 133% 2% 2% 2% 4% 3% 2% 1% 1% 6% 62% 56%
Compounded Sales Growth
10 Years: 5%
5 Years: 5%
3 Years: 4%
TTM: 20%
Compounded Profit Growth
10 Years: 4%
5 Years: 12%
3 Years: 0%
TTM: 30%
Stock Price CAGR
10 Years: 15%
5 Years: 18%
3 Years: 44%
1 Year: 73%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 15%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 2 2 1 1 1 1 1 1 1 1
Reserves 42 60 79 97 107 91 107 135 163 186 200 212 234
-0 -0 -0 -0 -0 -0 -0 -0 -0 6 4 3 2
86 63 62 47 51 48 75 85 66 79 125 131 150
Total Liabilities 129 125 143 145 160 141 183 221 230 272 331 348 388
17 21 23 20 18 17 16 16 17 20 31 42 42
CWIP 3 1 -0 0 -0 -0 -0 0 -0 -0 4 -0 0
Investments -0 -0 -0 -0 4 4 4 4 4 4 4 4 4
109 102 120 125 137 119 163 201 209 248 292 301 341
Total Assets 129 125 143 145 160 141 183 221 230 272 331 348 388

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
18 18 19 -10 15 12 25 15 8 66 17 38
-14 19 -21 6 -14 15 -21 -11 -2 -76 -18 5
-0 -35 -0 -1 -0 -27 -1 -1 1 3 -4 -39
Net Cash Flow 3 2 -2 -4 1 -1 4 3 7 -7 -5 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 19 30 31 22 26 19 23 28 30 39 50 64
Inventory Days 123 141 108 135 182 143 146 167 166 102 134 129
Days Payable 90 109 95 67 83 80 100 76 56 79 98 113
Cash Conversion Cycle 52 62 45 91 125 82 69 120 139 62 87 80
Working Capital Days -85 -13 -12 46 41 36 8 22 50 -30 -41 -29
ROCE % 71% 52% 43% 32% 16% 18% 25% 33% 26% 18% 26% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82%
0.14% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
9.01% 8.95% 8.80% 8.67% 8.32% 8.76% 8.76% 7.96% 8.02% 8.02% 8.02% 8.02%
16.03% 16.22% 16.36% 16.49% 16.84% 16.40% 16.40% 17.19% 17.14% 17.14% 17.14% 17.14%
No. of Shareholders 4,1814,2364,2024,5154,5894,3714,2384,0503,9614,1764,0704,065

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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