D & H India Ltd

₹ 120 -2.56%

06 May - close price

About

D & H India Ltd does manufacturing and sale of welding consumable and Metallurgical Cored Wire

Key Points

Products Profile:^[1]
a) Manual Metal Arc Electrodes
b) Submerged Arc Welding Flux & Wires
c) CO2 Welding Wires
d) Flux Cored Wires
e) Filler Wires
f) Metallurgical Cored Wire
g) Stainless steel wires

Website BSE

Market Cap ₹ 98.2 Cr.
Current Price ₹ 120
High / Low ₹ 135 / 58.0
Stock P/E 28.7
Book Value ₹ 48.7
Dividend Yield 0.00 %
ROCE 14.3 %
ROE 12.2 %
Face Value ₹ 10.0

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Pros

Company's working capital requirements have reduced from 127 days to 99.2 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 6.08% 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

Sector: Capital Goods-Non Electrical Equipment Industry: Electrodes - Welding Equipment

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Detailed Comparison with:

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
	19.87	24.61	15.97	20.16	23.70	30.90	32.24	30.43	36.49	39.44	33.25	35.50	42.90
	18.85	23.66	14.98	19.11	22.39	29.45	30.11	28.30	33.83	36.97	31.41	33.18	40.05
Operating Profit	1.02	0.95	0.99	1.05	1.31	1.45	2.13	2.13	2.66	2.47	1.84	2.32	2.85
OPM %	5.13%	3.86%	6.20%	5.21%	5.53%	4.69%	6.61%	7.00%	7.29%	6.26%	5.53%	6.54%	6.64%
	0.01	-0.03	0.01	0.05	0.20	0.23	0.01	0.03	0.02	0.04	0.02	0.02	0.02
Interest	0.36	0.31	0.38	0.28	0.35	0.41	0.46	0.53	0.56	0.53	0.69	0.72	0.81
Depreciation	0.44	0.41	0.42	0.46	0.44	0.28	0.40	0.43	0.44	0.47	0.47	0.47	0.51
Profit before tax	0.23	0.20	0.20	0.36	0.72	0.99	1.28	1.20	1.68	1.51	0.70	1.15	1.55
Tax %	-26.09%	-30.00%	-5.00%	-16.67%	5.56%	-11.11%	7.03%	20.00%	34.52%	39.07%	12.86%	35.65%	27.74%
	0.29	0.25	0.21	0.43	0.67	1.10	1.19	0.96	1.10	0.92	0.62	0.75	1.13
EPS in Rs	0.39	0.34	0.28	0.58	0.91	1.49	1.61	1.30	1.41	1.18	0.76	0.92	1.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	65	68	69	66	62	60	69	79	79	68	91	139	151
	61	63	65	62	59	56	65	74	77	66	86	129	142
Operating Profit	4	5	5	3	3	4	4	6	2	2	5	9	9
OPM %	6%	8%	7%	5%	6%	6%	5%	7%	2%	3%	5%	7%	6%
	1	0	0	1	0	0	0	0	-0	0	0	0	0
Interest	0	1	1	1	1	2	1	2	2	1	1	2	3
Depreciation	1	1	1	2	2	2	2	2	2	2	2	2	2
Profit before tax	4	4	3	2	1	1	0	2	-2	-1	2	6	5
Tax %	33%	33%	35%	27%	31%	33%	28%	22%	9%	19%	-7%	26%
	2	3	2	1	0	0	0	2	-2	-1	2	4	3
EPS in Rs	3.23	3.50	2.58	1.59	0.54	0.49	0.43	2.65	-2.27	-1.01	3.27	5.37	4.24
Dividend Payout %	15%	14%	19%	31%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	7%
5 Years:	15%
3 Years:	21%
TTM:	16%

Compounded Profit Growth
10 Years:	5%
5 Years:	63%
3 Years:	72%
TTM:	-22%

Stock Price CAGR
10 Years:	27%
5 Years:	43%
3 Years:	99%
1 Year:	79%

Return on Equity
10 Years:	4%
5 Years:	4%
3 Years:	6%
Last Year:	12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	8	8
Reserves	17	19	21	21	21	22	22	24	22	21	24	29	32
	2	4	5	10	13	14	13	16	15	15	18	22	25
	12	13	20	17	15	16	19	17	15	12	16	26	26
Total Liabilities	39	43	53	55	58	59	62	65	60	56	66	84	91
	15	15	19	21	21	20	18	17	15	14	16	20	27
CWIP	0	0	1	0	0	0	0	0	0	1	0	0	1
Investments	1	2	2	2	2	2	2	2	2	2	2	2	2
	23	26	31	32	35	37	41	46	43	40	47	62	61
Total Assets	39	43	53	55	58	59	62	65	60	56	66	84	91

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	1	6	4	1	-1	2	2	-1	-0	2	1	5
	-3	-3	-6	-2	-1	-2	-0	0	1	-1	-5	-9
	1	-1	-0	1	2	-1	-2	1	-1	-2	4	4
Net Cash Flow	-1	2	-2	0	0	-0	-0	0	-0	-0	-0	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	64	69	67	60	80	76	76	73	71	84	71	73
Inventory Days	72	61	119	146	155	197	176	169	160	157	135	94
Days Payable	58	49	100	79	81	87	100	77	62	54	63	71
Cash Conversion Cycle	78	81	86	127	155	186	152	165	170	187	143	96
Working Capital Days	55	50	50	73	104	123	113	126	130	155	127	99
ROCE %	16%	16%	12%	7%	5%	5%	5%	10%	1%	1%	8%	14%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	48.92%	48.92%	48.92%	48.92%	48.92%	48.92%	51.46%	49.81%	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%	51.05%	51.05%	51.05%	51.05%	51.07%	48.51%	50.15%	47.71%	47.71%	47.71%	47.70%
No. of Shareholders	4,015	4,059	3,815	3,802	3,849	4,190	4,303	3,983	4,214	4,331	4,794	4,881

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	47.18%	47.18%	47.18%	48.56%	48.92%	48.92%	49.81%	52.26%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	52.79%	52.79%	52.79%	51.41%	51.05%	51.05%	50.15%	47.70%
No. of Shareholders	5,713	5,014	4,615	4,297	4,040	3,802	3,983	4,881

* 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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D & H India Ltd

D & H India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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