DE Nora India Ltd

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

DE Nora India Ltd

₹ 1,392 4.60%
11 Dec 3:57 p.m.
denora.com BSE: 590031 NSE: DENORA
About

Incorporated in 1989, De Nora India Ltd manufactures and services Electrolytic products[1]

Key Points

Business Overview:[1][2]
DNIL is a part of Oronzio De Nora International B.V. of De Nora Group which is an Italian multinational company and has 24 operating companies in 10 countries and 5 R&D centers in Italy, United States, and Japan. It holds 53.68% of equity of DNIL. Company has brought the latest technologies to India with support from De Nora’s technical expertise and management. DNIL is a supplier of technologies for the production of chlorine, caustic soda, and derivatives for the Chlor-alkali industry, as well as the world’s largest manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for the electro chemical industries in general.

Website BSE NSE
  • Market Cap ₹ 739 Cr.
  • Current Price ₹ 1,392
  • High / Low ₹ 2,025 / 1,139
  • Stock P/E 40.4
  • Book Value ₹ 235
  • Dividend Yield 0.14 %
  • ROCE 22.0 %
  • ROE 16.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 62.8% CAGR over last 5 years
  • Debtor days have improved from 64.3 to 50.6 days.

Cons

* 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: Engineering

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
14.77 15.39 38.90 12.38 14.37 19.19 27.63 9.14 19.08 29.40 16.18 12.76 18.13
9.37 11.52 24.68 10.09 12.61 13.99 12.21 9.35 11.44 21.91 9.93 9.82 14.92
Operating Profit 5.40 3.87 14.22 2.29 1.76 5.20 15.42 -0.21 7.64 7.49 6.25 2.94 3.21
OPM % 36.56% 25.15% 36.56% 18.50% 12.25% 27.10% 55.81% -2.30% 40.04% 25.48% 38.63% 23.04% 17.71%
0.06 0.08 0.30 0.47 0.61 1.49 1.29 1.16 1.14 1.19 1.71 1.34 1.65
Interest 0.00 0.00 0.15 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.68 0.68 0.65 0.64 0.24 0.25 0.24 0.25 0.25 0.29 0.35 0.40 0.42
Profit before tax 4.78 3.27 13.72 2.11 2.13 6.44 16.47 0.70 8.53 8.39 7.61 3.88 4.44
Tax % 21.34% 26.61% 26.46% 25.59% 26.29% 25.31% 25.14% 25.71% 25.56% 22.77% 25.76% 25.77% 26.35%
3.76 2.41 10.10 1.57 1.58 4.81 12.32 0.52 6.35 6.48 5.66 2.88 3.28
EPS in Rs 7.08 4.54 19.03 2.96 2.98 9.06 23.21 0.98 11.96 12.21 10.66 5.43 6.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
64 36 31 51 27 27 33 48 51 74 74 74 76
46 29 25 35 25 25 32 38 42 51 49 52 57
Operating Profit 19 7 5 16 2 2 0 11 8 23 25 21 20
OPM % 29% 19% 17% 30% 8% 8% 1% 22% 17% 31% 34% 29% 26%
1 1 2 4 3 3 4 2 2 1 4 5 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 2 3 3 3 3 1 1 1
Profit before tax 19 7 6 18 4 3 2 10 8 21 27 25 24
Tax % 31% 31% 29% 33% 33% 45% 13% 22% 25% 26% 25% 25%
13 5 4 12 3 2 2 8 6 15 20 19 18
EPS in Rs 25.07 9.00 8.01 22.57 5.61 3.18 3.00 15.31 10.64 29.10 38.20 35.81 34.48
Dividend Payout % 28% 44% 19% 18% 36% 31% 0% 0% 9% 3% 5% 6%
Compounded Sales Growth
10 Years: 8%
5 Years: 18%
3 Years: 13%
TTM: 2%
Compounded Profit Growth
10 Years: 14%
5 Years: 63%
3 Years: 47%
TTM: -24%
Stock Price CAGR
10 Years: 25%
5 Years: 48%
3 Years: 42%
1 Year: -13%
Return on Equity
10 Years: 14%
5 Years: 17%
3 Years: 19%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 28 31 34 43 47 47 48 56 62 77 96 114 119
0 0 0 0 0 0 0 1 0 0 0 0 0
17 12 9 12 12 11 12 13 13 12 14 7 19
Total Liabilities 50 48 49 60 64 63 65 75 80 94 116 127 144
6 7 7 7 7 14 12 10 10 7 8 13 15
CWIP 1 1 1 2 7 0 0 1 0 1 2 2 3
Investments 15 8 14 19 20 20 14 5 4 23 42 54 61
28 33 26 32 29 29 40 60 66 62 64 57 66
Total Assets 50 48 49 60 64 63 65 75 80 94 116 127 144

Cash Flows

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 -4 10 14 7 2 -6 -7 16 12 14 16
-11 7 -8 -12 -3 -2 7 7 1 -16 -24 -14
-5 -4 -3 -1 -3 -1 -1 1 -1 -1 -1 -1
Net Cash Flow 1 -1 -1 1 1 -2 1 1 16 -5 -10 1

Ratios

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52 131 139 75 82 64 61 97 79 58 84 51
Inventory Days 124 299 229 130 198 398 516 471 273 288 397 401
Days Payable 45 70 67 80 114 264 182 83 47 37 91 51
Cash Conversion Cycle 132 361 302 125 166 199 396 486 305 309 391 401
Working Capital Days 34 141 144 45 14 48 136 224 156 132 164 157
ROCE % 65% 21% 16% 41% 9% 6% 4% 18% 12% 28% 30% 22%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68%
0.00% 0.00% 0.00% 0.00% 0.52% 0.56% 0.56% 0.25% 0.19% 0.10% 0.09% 0.09%
0.00% 0.00% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.22% 0.22% 0.22%
46.32% 46.32% 46.13% 46.32% 45.80% 45.76% 45.76% 46.07% 45.92% 46.00% 45.99% 46.01%
No. of Shareholders 8,2888,1848,5778,4948,8889,38311,05412,74814,61515,41514,87815,813

* 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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Documents

Announcements

Annual reports