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

₹ 160 -1.36%
27 Oct 3:31 p.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 ₹ 131 Cr.
  • Current Price ₹ 160
  • High / Low ₹ 274 / 120
  • Stock P/E 23.0
  • Book Value ₹ 57.4
  • Dividend Yield 0.00 %
  • ROCE 13.5 %
  • ROE 11.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 41.7% CAGR over last 5 years

Cons

  • Stock is trading at 2.77 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 10.1% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
32.33 30.43 36.49 39.44 33.25 35.50 42.90 46.18 44.47 50.31 55.20 59.15 52.90
30.20 28.31 33.83 36.97 31.41 33.40 40.17 43.35 41.70 47.18 51.05 54.68 49.24
Operating Profit 2.13 2.12 2.66 2.47 1.84 2.10 2.73 2.83 2.77 3.13 4.15 4.47 3.66
OPM % 6.59% 6.97% 7.29% 6.26% 5.53% 5.92% 6.36% 6.13% 6.23% 6.22% 7.52% 7.56% 6.92%
0.05 0.04 0.02 0.05 0.02 0.02 0.02 0.12 0.01 0.03 0.04 0.45 0.18
Interest 0.46 0.53 0.56 0.53 0.69 0.72 0.81 0.78 1.01 1.04 1.21 1.27 1.26
Depreciation 0.40 0.43 0.44 0.47 0.47 0.47 0.51 0.63 0.68 0.68 0.88 0.73 0.83
Profit before tax 1.32 1.20 1.68 1.52 0.70 0.93 1.43 1.54 1.09 1.44 2.10 2.92 1.75
Tax % 6.82% 19.17% 34.52% 38.82% 12.86% 44.09% 30.07% 64.29% 27.52% 54.17% 19.52% 31.16% 23.43%
1.23 0.97 1.10 0.92 0.62 0.53 1.01 0.55 0.79 0.65 1.69 2.02 1.34
EPS in Rs 1.66 1.31 1.41 1.18 0.76 0.65 1.23 0.67 0.96 0.79 2.06 2.47 1.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
71 66 63 60 69 79 79 68 91 139 158 209 218
66 63 59 56 65 74 77 66 86 129 148 194 202
Operating Profit 5 3 3 4 3 6 2 2 5 9 10 15 15
OPM % 7% 5% 5% 6% 5% 7% 2% 3% 5% 7% 6% 7% 7%
0 1 0 0 0 0 -0 0 0 0 0 1 1
Interest 1 1 1 2 2 2 2 1 1 2 3 5 5
Depreciation 1 2 2 2 2 2 2 2 2 2 2 3 3
Profit before tax 3 2 0 0 0 2 -2 -1 2 6 5 8 8
Tax % 35% 27% 38% 42% 40% 22% -9% -18% -7% 26% 41% 32%
2 1 0 0 0 2 -2 -1 2 4 3 5 6
EPS in Rs 2.65 1.59 0.39 0.39 0.26 2.58 -2.32 -1.05 3.24 5.42 3.30 6.29 6.96
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: 29%
Compounded Profit Growth
10 Years: 17%
5 Years: 42%
3 Years: 32%
TTM: 98%
Stock Price CAGR
10 Years: 22%
5 Years: 66%
3 Years: 37%
1 Year: 28%
Return on Equity
10 Years: 5%
5 Years: 7%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 22 22 23 23 25 23 22 24 30 34 39
5 10 14 15 13 16 16 15 18 28 38 53
21 17 15 16 19 17 15 12 16 19 22 22
Total Liabilities 54 56 59 60 63 65 61 56 66 85 101 121
20 22 22 21 19 18 16 14 17 21 29 39
CWIP 1 0 0 0 0 0 0 1 0 0 4 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
33 34 37 39 43 47 45 41 49 63 68 81
Total Assets 54 56 59 60 63 65 61 56 66 85 101 121

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 -1 -0 -2 0 0 1 -1 -5 -9 -14 -7
-1 1 2 -1 -3 1 -1 -2 4 4 15 11
Net Cash Flow -2 0 0 -0 -0 -0 -0 -0 -0 0 0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 68 64 85 81 80 76 74 88 73 74 80 89
Inventory Days 124 151 161 202 180 172 164 161 138 96 76 52
Days Payable 99 79 81 86 100 77 62 54 63 48 46 29
Cash Conversion Cycle 93 137 165 196 160 172 176 194 148 122 110 112
Working Capital Days 45 49 64 67 71 79 76 106 80 67 52 47
ROCE % 12% 7% 5% 5% 4% 9% 1% 1% 8% 13% 10% 13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
51.46% 49.81% 52.26% 52.26% 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%
48.51% 50.15% 47.71% 47.71% 47.71% 47.70% 47.71% 47.71% 47.70% 47.70% 47.71% 47.70%
No. of Shareholders 4,3033,9834,2144,3314,7944,8814,8395,5745,1615,0875,0515,158

* 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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