Duncan Engineering Ltd
Incorporated in 1962, Duncan Engineering Ltd is a manufacturer of fluid power and automation products[1]
- Market Cap ₹ 127 Cr.
- Current Price ₹ 343
- High / Low ₹ 539 / 319
- Stock P/E 27.9
- Book Value ₹ 164
- Dividend Yield 0.87 %
- ROCE 10.8 %
- ROE 8.06 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 21.0%
Cons
- Company has a low return on equity of 10.3% over last 3 years.
- Earnings include an other income of Rs.2.50 Cr.
- Debtor days have increased from 39.8 to 51.7 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64.15 | 36.47 | 34.21 | 40.72 | 44.46 | 43.38 | 41.48 | 55.77 | 70.10 | 65.10 | 84.71 | 80.67 | 84.82 | |
| 67.25 | 39.76 | 37.00 | 37.37 | 38.88 | 37.52 | 36.97 | 46.52 | 56.97 | 56.22 | 77.42 | 73.30 | 77.96 | |
| Operating Profit | -3.10 | -3.29 | -2.79 | 3.35 | 5.58 | 5.86 | 4.51 | 9.25 | 13.13 | 8.88 | 7.29 | 7.37 | 6.86 |
| OPM % | -4.83% | -9.02% | -8.16% | 8.23% | 12.55% | 13.51% | 10.87% | 16.59% | 18.73% | 13.64% | 8.61% | 9.14% | 8.09% |
| 0.81 | 0.49 | 0.88 | 0.19 | -0.07 | -0.75 | 0.52 | 0.58 | 1.43 | 2.14 | 2.56 | 2.27 | 2.50 | |
| Interest | 2.29 | 1.96 | 2.17 | 1.56 | 0.74 | 0.41 | 0.20 | 0.17 | 0.16 | 0.10 | 0.72 | 0.37 | 0.49 |
| Depreciation | 3.30 | 1.32 | 1.79 | 1.83 | 1.67 | 1.39 | 1.08 | 1.19 | 1.47 | 1.68 | 2.39 | 2.74 | 2.78 |
| Profit before tax | -7.88 | -6.08 | -5.87 | 0.15 | 3.10 | 3.31 | 3.75 | 8.47 | 12.93 | 9.24 | 6.74 | 6.53 | 6.09 |
| Tax % | -23.22% | 14.14% | 0.00% | 0.00% | 10.32% | 1.21% | -113.07% | 26.33% | 23.43% | 25.54% | 22.85% | 25.57% | |
| -6.05 | -6.93 | -5.88 | 0.15 | 2.78 | 3.26 | 7.99 | 6.24 | 9.90 | 6.87 | 5.21 | 4.86 | 4.55 | |
| EPS in Rs | -16.37 | -18.75 | -15.91 | 0.41 | 7.52 | 8.82 | 21.62 | 16.88 | 26.79 | 18.59 | 14.10 | 13.15 | 12.31 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.74% | 18.85% | 21.31% | 22.84% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 5% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | -10% |
| 3 Years: | -21% |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 12% |
| 3 Years: | -6% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 10% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 |
| Reserves | 25.44 | 18.52 | 12.66 | 12.78 | 15.49 | 18.67 | 26.69 | 32.97 | 42.71 | 49.22 | 53.15 | 57.06 |
| 18.38 | 18.59 | 14.62 | 9.30 | 6.73 | 0.70 | 0.25 | 1.19 | 1.48 | 0.88 | 3.05 | 4.79 | |
| 17.30 | 13.26 | 9.54 | 9.92 | 8.91 | 9.58 | 11.44 | 13.22 | 15.28 | 14.69 | 15.64 | 15.83 | |
| Total Liabilities | 64.82 | 54.07 | 40.52 | 35.70 | 34.83 | 32.65 | 42.08 | 51.08 | 63.17 | 68.49 | 75.54 | 81.38 |
| 27.15 | 23.92 | 20.84 | 19.43 | 16.49 | 15.75 | 15.56 | 15.83 | 16.67 | 16.55 | 18.73 | 17.17 | |
| CWIP | 0.22 | 0.06 | 0.17 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.03 | 0.00 | 0.00 | 0.00 | 1.00 | 8.95 | 23.19 | 23.02 | 26.90 | 28.25 |
| 37.44 | 30.08 | 19.48 | 16.27 | 18.29 | 16.90 | 25.52 | 26.30 | 23.31 | 28.92 | 29.91 | 35.96 | |
| Total Assets | 64.82 | 54.07 | 40.52 | 35.70 | 34.83 | 32.65 | 42.08 | 51.08 | 63.17 | 68.49 | 75.54 | 81.38 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.43 | 1.61 | 4.33 | 6.87 | 4.79 | 7.37 | 6.17 | 9.25 | 13.79 | 2.77 | 6.62 | -0.62 | |
| -1.86 | -1.51 | 1.84 | -0.21 | 0.49 | -2.90 | -5.03 | -8.77 | -15.13 | -0.73 | -4.29 | -0.81 | |
| -0.24 | 0.05 | -6.15 | -6.88 | -3.27 | -6.44 | -0.65 | 0.27 | 0.13 | -1.08 | -1.99 | 0.14 | |
| Net Cash Flow | -1.67 | 0.15 | 0.02 | -0.22 | 2.00 | -1.97 | 0.49 | 0.75 | -1.21 | 0.95 | 0.33 | -1.29 |
| Free Cash Flow | -1.57 | 0.31 | 5.50 | 6.61 | 5.27 | 6.79 | 5.33 | 8.07 | 11.74 | 1.53 | 3.82 | -1.92 |
| CFO/OP | -14% | -49% | -155% | 205% | 87% | 125% | 137% | 101% | 99% | 53% | 114% | 12% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91.61 | 129.11 | 80.77 | 48.67 | 45.24 | 39.29 | 51.12 | 37.89 | 31.03 | 43.45 | 24.26 | 51.67 |
| Inventory Days | 127.71 | 179.91 | 145.66 | 143.67 | 110.18 | 133.40 | 117.60 | 114.68 | 103.75 | 128.30 | 108.04 | 128.82 |
| Days Payable | 116.38 | 145.41 | 98.86 | 110.84 | 66.14 | 81.43 | 94.66 | 81.97 | 71.96 | 69.27 | 49.46 | 72.50 |
| Cash Conversion Cycle | 102.94 | 163.61 | 127.56 | 81.50 | 89.28 | 91.27 | 74.07 | 70.61 | 62.83 | 102.48 | 82.84 | 108.00 |
| Working Capital Days | 3.07 | -24.72 | -50.15 | -23.84 | 6.65 | 42.07 | 33.97 | 22.84 | 12.70 | 36.72 | 21.54 | 42.44 |
| ROCE % | -11.36% | -9.33% | -10.36% | 5.88% | 17.72% | 22.29% | 14.52% | 25.26% | 30.11% | 18.45% | 13.18% | 10.75% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export revenue share % |
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| Finished goods inventory Rs. Lakhs |
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| Number of permanent employees count |
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| R&D expenditure Rs. Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
- ICRA reaffirmed/assigned BBB+(Stable) and A2 ratings for ₹28.5 crore bank limits.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- The newspaper advertisement of Special Window for Re-lodgement of Transfer Requests of Physical Shares
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- The newspaper publication of un-audited financial results for the quarter ended June 30, 2026.
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Unaudited Financial Results For The Quarter Ended June 30, 2026
- Board approved Q1 FY2026-27 unaudited results; profit rose to Rs 93.78 lakh.
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Board Meeting Outcome for To Considered And Approved The Un-Audited Financial Results Of The Company For The Quarter Ended 30Th June 2026 And The Limited Review Report
- Board approved Q1 FY27 unaudited results; profit was Rs 93.78 lakh on Rs 22.16 crore revenue.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Overview:[1]
DEL, part of the Goenka Group, is engaged
in the design and manufacture of the industrial automation and flow-control products. The company manufactures pneumatic cylinders, valves, actuators and accessories and has established relationships with OEMs, dealers
and industrial customers. The pneumatic segment remains DEL’s core and relatively
more profitable business.