Danish Power Ltd
Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. [1]
- Market Cap ₹ 1,631 Cr.
- Current Price ₹ 828
- High / Low ₹ 1,189 / 550
- Stock P/E 23.3
- Book Value ₹ 232
- Dividend Yield 0.00 %
- ROCE 23.8 %
- ROE 18.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 103% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
Cons
- Working capital days have increased from 95.2 days to 150 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
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 118 | 102 | 118 | 149 | 188 | 332 | 425 | 521 | |
| 110 | 98 | 113 | 138 | 172 | 277 | 344 | 430 | |
| Operating Profit | 8 | 4 | 4 | 10 | 16 | 55 | 81 | 90 |
| OPM % | 7% | 4% | 4% | 7% | 9% | 17% | 19% | 17% |
| 2 | 1 | 1 | 1 | 1 | 2 | 8 | 9 | |
| Interest | 3 | 2 | 2 | 3 | 3 | 4 | 6 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 7 |
| Profit before tax | 6 | 2 | 3 | 8 | 12 | 50 | 79 | 91 |
| Tax % | 30% | 23% | 25% | 27% | 27% | 25% | 26% | 23% |
| 4 | 2 | 2 | 6 | 9 | 38 | 58 | 70 | |
| EPS in Rs | 29.63 | 35.55 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 40% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 103% |
| 3 Years: | 101% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 20 | 20 |
| Reserves | 25 | 27 | 29 | 34 | 42 | 81 | 301 | 436 |
| 16 | 11 | 23 | 28 | 14 | 13 | 4 | 2 | |
| 30 | 25 | 26 | 52 | 50 | 67 | 91 | 108 | |
| Total Liabilities | 73 | 65 | 79 | 116 | 108 | 163 | 416 | 566 |
| 7 | 7 | 17 | 16 | 30 | 35 | 34 | 178 | |
| CWIP | 0 | 0 | 0 | 7 | 1 | 0 | 13 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 31 | 31 |
| 66 | 58 | 63 | 94 | 77 | 127 | 339 | 343 | |
| Total Assets | 73 | 65 | 79 | 116 | 108 | 163 | 416 | 566 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -32 | 4 | 2 | 7 | 17 | 26 | -20 | 47 | |
| 0 | -1 | -10 | -7 | -11 | -7 | -40 | -73 | |
| -3 | -3 | 6 | 2 | -6 | -4 | 165 | -7 | |
| Net Cash Flow | -35 | -0 | -1 | 1 | -0 | 14 | 105 | -33 |
| Free Cash Flow | -33 | 3 | -8 | -0 | 6 | 18 | -36 | -27 |
| CFO/OP | -352% | 118% | 69% | 69% | 116% | 52% | -9% | 73% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 77 | 106 | 129 | 52 | 46 | 81 | 78 |
| Inventory Days | 93 | 111 | 68 | 92 | 91 | 73 | 108 | 88 |
| Days Payable | 98 | 92 | 79 | 121 | 83 | 44 | 46 | 39 |
| Cash Conversion Cycle | 91 | 96 | 96 | 100 | 60 | 75 | 142 | 127 |
| Working Capital Days | 50 | 57 | 56 | 51 | 35 | 37 | 99 | 150 |
| ROCE % | 10% | 9% | 18% | 25% | 70% | 40% | 24% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Actual Production Volume - Transformers MVA |
|
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| Capacity Utilization - Transformers % |
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| Installed Production Capacity - Control Relay Panels Units |
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| Installed Production Capacity - Transformers MVA |
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| Inverter Duty Transformer (IDT) Revenue Contribution % |
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| Order Book Value INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Bagging/Receiving of orders/contracts
19 May 2026 - Danish Power Limited has informed about Bagging/Receiving of orders/contracts
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Analysts/Institutional Investor Meet/Con. Call Updates
16 May 2026 - H2/FY26 earnings call transcript: 11,000 MVA capacity commissioned, order book over ₹500 crore, FY27 revenue guided above ₹700 crore.
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Analysts/Institutional Investor Meet/Con. Call Updates
15 May 2026 - Danish Power to attend Centrum Broking virtual analyst/investor group meeting on 20 May 2026, 4:00-5:00 PM.
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Analysts/Institutional Investor Meet/Con. Call Updates
13 May 2026 - Audio recording of 11 May 2026 investor call on audited FY26 results uploaded.
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Monitoring Agency Report
13 May 2026 - CARE report for quarter ended March 31, 2026 shows nil deviation and full IPO proceeds utilized.
Concalls
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May 2026TranscriptPPTREC
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Nov 2025Transcript PPT
Business Profile[1]
Danish Power Limited specializes in manufacturing power and distribution transformers. The company serves industries including renewable energy, commercial power plants, and utilities.