Divyashakti Ltd

₹ 46.9 1.67%

05 Jun 4:01 p.m.

About

Incorporated in 1991, Divyashakti Ltd is engaged in the production and export of Quartz Slabs, tiles, monuments, etc.^[1]

Key Points

Business Overview:^[1]
DSL is in the business of manufacturing and export of:
a) Polished Granite Slabs & Tiles
b) Engineering Stone – Quartz Slabs and high-quality Quartz surfaces

Website BSE

Market Cap ₹ 48.2 Cr.
Current Price ₹ 46.9
High / Low ₹ 73.0 / 44.5
Stock P/E 45.9
Book Value ₹ 192
Dividend Yield 4.26 %
ROCE 0.76 %
ROE 0.53 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.24 times its book value
Company has been maintaining a healthy dividend payout of 89.1%
Promoter holding has increased by 1.75% over last quarter.

Cons

The company has delivered a poor sales growth of -9.38% over past five years.
Company has a low return on equity of 1.23% over last 3 years.
Earnings include an other income of Rs.4.31 Cr.
Company has high debtors of 1,188 days.
Working capital days have increased from 720 days to 1,099 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.

Peer comparison

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	14.17	15.34	19.82	18.46	16.15	10.73	15.96	18.92	18.27	14.81	6.74	4.49	8.71
	15.57	14.51	19.07	17.61	15.67	10.61	15.49	19.21	17.10	13.19	7.54	4.43	10.12
Operating Profit	-1.40	0.83	0.75	0.85	0.48	0.12	0.47	-0.29	1.17	1.62	-0.80	0.06	-1.41
OPM %	-9.88%	5.41%	3.78%	4.60%	2.97%	1.12%	2.94%	-1.53%	6.40%	10.94%	-11.87%	1.34%	-16.19%
	0.06	0.22	1.52	0.48	0.64	0.84	0.77	2.70	0.18	0.18	1.36	0.62	2.15
Interest	0.02	0.02	0.02	0.03	0.05	0.06	0.02	0.03	0.04	0.04	0.02	0.03	0.04
Depreciation	0.64	0.61	0.61	0.61	0.60	0.60	0.61	0.61	0.60	0.61	0.54	0.55	0.54
Profit before tax	-2.00	0.42	1.64	0.69	0.47	0.30	0.61	1.77	0.71	1.15	0.00	0.10	0.16
Tax %	-23.00%	28.57%	35.37%	31.88%	0.00%	20.00%	8.20%	29.38%	32.39%	18.26%		-10.00%	50.00%
	-1.54	0.31	1.06	0.46	0.47	0.25	0.56	1.25	0.47	0.95	-0.08	0.11	0.08
EPS in Rs	-1.50	0.30	1.03	0.45	0.46	0.24	0.55	1.22	0.46	0.93	-0.08	0.11	0.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	62.80	67.97	108.07	68.55	33.40	60.13	56.88	63.57	75.53	69.77	63.87	34.76
	53.96	56.74	93.10	61.93	28.92	55.05	46.21	55.12	69.89	66.81	62.37	35.30
Operating Profit	8.84	11.23	14.97	6.62	4.48	5.08	10.67	8.45	5.64	2.96	1.50	-0.54
OPM %	14.08%	16.52%	13.85%	9.66%	13.41%	8.45%	18.76%	13.29%	7.47%	4.24%	2.35%	-1.55%
	6.80	5.27	1.01	1.60	4.09	7.26	0.21	3.47	7.99	2.86	4.49	4.31
Interest	0.07	0.05	0.17	0.12	0.16	0.17	0.08	0.06	0.09	0.16	0.18	0.13
Depreciation	1.05	1.10	1.13	0.65	1.59	2.23	2.35	2.40	2.52	2.43	2.42	2.25
Profit before tax	14.52	15.35	14.68	7.45	6.82	9.94	8.45	9.46	11.02	3.23	3.39	1.39
Tax %	35.67%	33.94%	35.49%	35.30%	24.49%	24.85%	25.44%	24.52%	28.86%	27.86%	25.07%	25.18%
	9.35	10.14	9.48	4.82	5.15	7.47	6.30	7.15	7.83	2.32	2.54	1.05
EPS in Rs	9.11	9.87	9.23	4.69	5.02	7.27	6.14	6.96	7.62	2.26	2.47	1.02
Dividend Payout %	16.48%	15.19%	16.25%	31.96%	29.91%	20.62%	24.45%	28.73%	26.23%	88.53%	80.87%	97.81%

Compounded Sales Growth
10 Years:	-6%
5 Years:	-9%
3 Years:	-23%
TTM:	-46%

Compounded Profit Growth
10 Years:	-20%
5 Years:	-30%
3 Years:	-49%
TTM:	-59%

Stock Price CAGR
10 Years:	-5%
5 Years:	-3%
3 Years:	-12%
1 Year:	-30%

Return on Equity
10 Years:	4%
5 Years:	3%
3 Years:	1%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	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	10.27	10.27	10.27	10.27	10.27	10.27	10.27	10.27	10.27	10.27	10.27	10.27
Reserves	67.19	75.48	85.12	88.09	91.34	96.91	101.69	107.30	113.16	113.43	187.58	186.61
	0.00	0.00	0.00	0.00	0.22	0.14	0.05	0.39	0.27	4.23	1.93	5.29
	9.97	10.71	12.94	22.48	27.83	19.62	16.77	14.50	14.36	15.35	21.04	11.35
Total Liabilities	87.43	96.46	108.33	120.84	129.66	126.94	128.78	132.46	138.06	143.28	220.82	213.52
	7.42	6.32	7.96	7.40	31.43	31.67	30.11	29.73	27.75	25.32	96.66	93.66
CWIP	0.00	0.00	0.00	9.77	3.57	0.00	0.36	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	15.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	80.01	90.14	100.37	87.71	94.66	95.27	98.31	102.73	110.31	117.96	124.16	119.86
Total Assets	87.43	96.46	108.33	120.84	129.66	126.94	128.78	132.46	138.06	143.28	220.82	213.52

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14.07	12.12	-8.21	2.51	17.26	-16.44	10.48	2.43	-9.00	-1.53	-3.66	-2.90
	-0.35	3.84	-3.43	-24.61	-4.64	3.49	-4.64	-4.90	7.12	1.07	0.65	0.97
	-1.72	-1.86	-1.82	-1.87	-1.72	-1.85	-1.56	-1.20	-2.19	1.95	-4.50	1.18
Net Cash Flow	12.01	14.10	-13.46	-23.97	10.90	-14.79	4.28	-3.68	-4.07	1.49	-7.50	-0.74
Free Cash Flow	12.96	12.11	-8.21	-7.36	-2.17	-15.34	9.32	0.80	-9.64	-1.53	-3.78	-2.14
CFO/OP	220%	155%	-14%	71%	430%	-298%	108%	56%	-110%	-12%	-191%	450%

Ratios

Figures in Rs. Crores

	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	164.54	151.54	149.96	273.79	487.72	432.56	443.54	386.70	450.05	511.64	658.05	1,187.62
Inventory Days	83.33	64.22	59.94	93.25	423.22	100.94	89.50	121.05	52.25	49.18	32.70	50.63
Days Payable	37.61	33.02	49.25	134.13	508.27	126.79	128.79	97.41	75.13	68.21	111.43	92.91
Cash Conversion Cycle	210.26	182.74	160.65	232.91	402.67	406.72	404.26	410.34	427.17	492.61	579.32	1,145.34
Working Capital Days	162.16	141.07	154.55	258.93	407.51	389.58	405.43	404.39	434.25	478.42	582.27	1,099.10
ROCE %	19.79%	18.87%	16.29%	7.71%	6.94%	9.67%	7.78%	8.25%	9.19%	2.69%	2.18%	0.76%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Production Volume (Granite & Quartz)
Sq. Mts.

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					xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
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Sales Volume - Direct Dispatches (Bought Out)
Sq. Mts.

Sales Volume - From Factory
Sq. Mts.

Captive Solar Power Generation
Units

Export Order Book (On hand)
₹ Lakhs

Total Headcount (Permanent Employees)
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	73.20%	73.20%	73.20%	73.20%	74.95%
	25.20%	25.19%	25.20%	25.20%	25.19%	25.20%	25.20%	26.80%	26.81%	26.80%	26.80%	25.05%
No. of Shareholders	4,947	5,261	5,257	5,210	5,448	5,559	5,592	5,639	5,475	5,756	5,744	5,694

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	57.91%	62.67%	67.50%	67.50%	69.37%	73.34%	74.80%	74.80%	73.20%	74.95%
	42.09%	37.33%	32.50%	32.50%	30.63%	26.66%	25.20%	25.20%	26.80%	25.05%
No. of Shareholders	4,631	4,541	4,319	4,334	4,376	4,705	4,891	5,210	5,639	5,694

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Divyashakti Ltd

Divyashakti Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports