Duncan Engineering Ltd
Incorporated in 1962, Duncan Engineering Ltd is a manufacturer of fluid power and automation products[1]
- Market Cap ₹ 146 Cr.
- Current Price ₹ 395
- High / Low ₹ 565 / 352
- Stock P/E 30.1
- Book Value ₹ 164
- Dividend Yield 0.76 %
- ROCE 11.0 %
- ROE 8.27 %
- 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 10.4% over last 3 years.
- Debtor days have increased from 39.8 to 51.7 days.
- Working capital days have increased from 76.2 days to 170 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64.15 | 36.47 | 34.21 | 40.72 | 44.46 | 43.38 | 41.48 | 55.77 | 70.10 | 65.10 | 84.71 | 80.67 | |
| 67.25 | 39.76 | 37.00 | 37.37 | 38.88 | 37.52 | 36.97 | 46.52 | 56.97 | 56.22 | 77.42 | 73.30 | |
| 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 |
| 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% |
| 0.81 | 0.49 | 0.88 | 0.19 | -0.07 | -0.75 | 0.52 | 0.58 | 1.43 | 2.14 | 2.56 | 2.27 | |
| 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 |
| 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 |
| 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 |
| 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 | |
| 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 |
| 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: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | -9% |
| 3 Years: | -21% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 19% |
| 3 Years: | -1% |
| 1 Year: | -2% |
| 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 | 125.70 |
| Days Payable | 116.38 | 145.41 | 98.86 | 110.84 | 66.14 | 81.43 | 94.66 | 81.97 | 71.96 | 69.27 | 49.46 | 70.65 |
| 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 | 106.72 |
| 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 | 170.31 |
| ROCE % | -11.36% | -9.33% | -10.36% | 5.88% | 17.72% | 22.29% | 14.52% | 25.26% | 30.11% | 18.45% | 13.18% | 11.00% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished Goods Inventory Value INR Lakhs |
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| Customer Advance Payments (Pipeline Proxy) INR Lakhs |
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| Gross Block of Plant & Equipment (Investment Proxy) INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Outcome for Revised Outcome
9h - Revised board outcome attaches audit report; FY26 results, Rs3 final dividend, MD reappointment and internal auditor renewal.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
20 May - Annual Secretarial Compliance Report for year ended 31 March 2026 submitted to BSE.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 May
- Corporate Action-Board approves Dividend 16 May
- Results 16 May
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
DEL is an ISO 9001 certified company in the field of industrial pneumatics and off-highway tyre valves and accessories. It has a full range of rotary actuators with torque capacity 4Nm to 4000Nm. Company manufactures automotive tyre valves and pneumatic products, such as air cylinders, valves, and accessories at its plant at Ranjangaon, Pune