D & H India Ltd

D & H India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

D & H India Ltd

₹ 217 -2.43%
07 Jul 10:26 a.m.
dnhindia.com BSE: 517514
About

Incorporated in 1985, D & H India Ltd manufactures welding consumables and Metallurgical Cored Wire.[1]

Key Points

Business Overview:[1]
a) DHIL manufactures welding consumables with a portfolio of over 800 electrode variants.
b) It offers a broad range of products catering to industries such as Steel, Shipbuilding, Petrochemical, Construction, Transport, and Energy.
c) Orders are secured from private and government entities through a competitive tender bidding process.

Product Profile:[2]
Welding Electrodes & Consumables, CO2 Wire, SAW Wire, M Core Wire, Flux Powder, Flux cored Wire, Stainless Steel Wire

Website BSE
  • Market Cap ₹ 177 Cr.
  • Current Price ₹ 217
  • High / Low ₹ 274 / 120
  • Stock P/E 34.4
  • Book Value ₹ 56.8
  • Dividend Yield 0.00 %
  • ROCE 13.1 %
  • ROE 11.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 42.4% CAGR over last 5 years

Cons

  • Stock is trading at 3.82 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.3% over last 3 years.

* 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.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
30.90 32.24 30.43 36.49 39.44 33.25 35.50 42.90 46.18 44.47 50.31 55.20 59.15
29.45 30.11 28.30 33.83 36.97 31.41 33.18 40.05 43.67 41.70 47.18 51.05 54.68
Operating Profit 1.45 2.13 2.13 2.66 2.47 1.84 2.32 2.85 2.51 2.77 3.13 4.15 4.47
OPM % 4.69% 6.61% 7.00% 7.29% 6.26% 5.53% 6.54% 6.64% 5.44% 6.23% 6.22% 7.52% 7.56%
0.23 0.01 0.03 0.02 0.04 0.02 0.02 0.02 0.12 0.01 0.03 0.04 0.45
Interest 0.41 0.46 0.53 0.56 0.53 0.69 0.72 0.81 0.78 1.01 1.04 1.21 1.27
Depreciation 0.28 0.40 0.43 0.44 0.47 0.47 0.47 0.51 0.63 0.68 0.68 0.88 0.73
Profit before tax 0.99 1.28 1.20 1.68 1.51 0.70 1.15 1.55 1.22 1.09 1.44 2.10 2.92
Tax % -11.11% 7.03% 20.00% 34.52% 39.07% 12.86% 35.65% 27.74% 81.15% 27.52% 54.17% 19.52% 31.16%
1.10 1.19 0.96 1.10 0.92 0.62 0.75 1.13 0.22 0.80 0.65 1.69 2.02
EPS in Rs 1.49 1.61 1.30 1.41 1.18 0.76 0.92 1.38 0.27 0.98 0.79 2.06 2.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
69 66 62 60 69 79 79 68 91 139 158 209
65 62 59 56 65 74 77 66 86 129 148 195
Operating Profit 5 3 3 4 4 6 2 2 5 9 10 15
OPM % 7% 5% 6% 6% 5% 7% 2% 3% 5% 7% 6% 7%
0 1 0 0 0 0 -0 0 0 0 0 1
Interest 1 1 1 2 1 2 2 1 1 2 3 5
Depreciation 1 2 2 2 2 2 2 2 2 2 2 3
Profit before tax 3 2 1 1 0 2 -2 -1 2 6 5 8
Tax % 35% 27% 31% 33% 28% 22% -9% -19% -7% 26% 41% 32%
2 1 0 0 0 2 -2 -1 2 4 3 5
EPS in Rs 2.58 1.59 0.54 0.49 0.43 2.65 -2.27 -1.01 3.27 5.37 3.32 6.30
Dividend Payout % 19% 31% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 32%
TTM: 33%
Compounded Profit Growth
10 Years: 17%
5 Years: 42%
3 Years: 31%
TTM: 88%
Stock Price CAGR
10 Years: 26%
5 Years: 74%
3 Years: 102%
1 Year: 59%
Return on Equity
10 Years: 5%
5 Years: 8%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 7 7 7 7 7 7 7 7 7 8 8 8
Reserves 21 21 21 22 22 24 22 21 24 29 33 38
5 10 13 14 13 16 15 15 18 28 45 53
20 17 15 16 19 17 15 12 16 19 14 22
Total Liabilities 53 55 58 59 62 65 60 56 66 84 100 121
19 21 21 20 18 17 15 14 16 20 28 39
CWIP 1 0 0 0 0 0 0 1 0 0 4 0
Investments 2 2 2 2 2 2 2 2 2 2 2 2
31 32 35 37 41 46 43 40 47 62 67 80
Total Assets 53 55 58 59 62 65 60 56 66 84 100 121

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 1 -1 2 2 -1 -0 2 1 5 -0 -2
-6 -2 -1 -2 -0 0 1 -1 -5 -9 -14 -7
-0 1 2 -1 -2 1 -1 -2 4 4 15 11
Net Cash Flow -2 0 0 -0 -0 0 -0 -0 -0 -0 0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 67 60 80 76 76 73 71 84 71 73 79 88
Inventory Days 119 146 155 197 176 169 160 157 135 94 75 51
Days Payable 100 79 81 87 100 77 62 54 63 48 25 29
Cash Conversion Cycle 86 127 155 186 152 165 170 187 143 119 129 110
Working Capital Days 50 73 104 123 113 126 130 155 127 117 125 105
ROCE % 12% 7% 5% 5% 5% 10% 1% 1% 8% 13% 10% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
48.92% 48.92% 51.46% 49.81% 52.26% 52.26% 52.26% 52.26% 52.26% 52.26% 52.26% 52.26%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
51.05% 51.07% 48.51% 50.15% 47.71% 47.71% 47.71% 47.70% 47.71% 47.71% 47.70% 47.70%
No. of Shareholders 3,8494,1904,3033,9834,2144,3314,7944,8814,8395,5745,1615,087

* 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.

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