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

₹ 1,621 -0.06%
18 Apr - close price
denora.com BSE: 590031 NSE : DENORA
About

Incorporated in 1989, De Nora India Ltd is a subsidiary of the multinational company De Nora Group, Italy. The company is engaged in the manufacturing, refurbishing and selling of Cathode & Anode, Electrochlorinators and Cathodic Protection Systems. [1]

Key Points

Business Overview
Company is engaged in manufacturing and coating of anode and cathode for electrolytic processes used in production of Caustic soda and Chlorine. The product portfolio also includes anodes for cathodic protection systems of steel structure, Platinized titanium anodes and GREENCHROME anodes for surface finishing application, Electrochlorination systems for water disinfection. [1]

Website BSE NSE
  • Market Cap ₹ 861 Cr.
  • Current Price ₹ 1,621
  • High / Low ₹ 2,337 / 1,025
  • Stock P/E 33.5
  • Book Value ₹ 203
  • Dividend Yield 0.12 %
  • ROCE 29.7 %
  • ROE 22.1 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 63.4% CAGR over last 5 years

Cons

  • Stock is trading at 8.00 times its book value

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

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
9.50 20.61 5.11 14.77 15.39 38.90 12.38 14.37 19.19 27.63 9.14 19.08 29.40
9.14 15.17 5.78 9.37 11.52 24.68 10.09 12.61 13.99 12.21 9.35 11.44 21.91
Operating Profit 0.36 5.44 -0.67 5.40 3.87 14.22 2.29 1.76 5.20 15.42 -0.21 7.64 7.49
OPM % 3.79% 26.39% -13.11% 36.56% 25.15% 36.56% 18.50% 12.25% 27.10% 55.81% -2.30% 40.04% 25.48%
0.67 -0.28 0.52 0.06 0.08 0.30 0.47 0.61 1.49 1.29 1.16 1.14 1.19
Interest 0.00 0.00 0.00 0.00 0.00 0.15 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.65 0.66 0.67 0.68 0.68 0.65 0.64 0.24 0.25 0.24 0.25 0.25 0.29
Profit before tax 0.38 4.50 -0.82 4.78 3.27 13.72 2.11 2.13 6.44 16.47 0.70 8.53 8.39
Tax % 13.16% 25.78% 0.00% 21.34% 26.61% 26.46% 25.59% 26.29% 25.31% 25.14% 25.71% 25.56% 22.77%
0.34 3.35 -0.81 3.76 2.41 10.10 1.57 1.58 4.81 12.32 0.52 6.35 6.48
EPS in Rs 0.64 6.31 -1.53 7.08 4.54 19.03 2.96 2.98 9.06 23.21 0.98 11.96 12.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
34 64 36 31 51 27 27 33 48 51 74 74 85
27 46 29 25 35 25 25 32 38 42 51 49 55
Operating Profit 7 19 7 5 16 2 2 0 11 8 23 25 30
OPM % 19% 29% 19% 17% 30% 8% 8% 1% 22% 17% 31% 34% 36%
1 1 1 2 4 3 3 4 2 2 1 4 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 2 3 3 3 3 1 1
Profit before tax 7 19 7 6 18 4 3 2 10 8 21 27 34
Tax % 31% 31% 31% 29% 33% 33% 45% 13% 22% 25% 26% 25%
5 13 5 4 12 3 2 2 8 6 15 20 26
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 48.36
Dividend Payout % 68% 28% 44% 19% 18% 36% 31% 0% 0% 9% 3% 5%
Compounded Sales Growth
10 Years: 1%
5 Years: 22%
3 Years: 15%
TTM: 0%
Compounded Profit Growth
10 Years: 4%
5 Years: 63%
3 Years: 36%
TTM: 42%
Stock Price CAGR
10 Years: 28%
5 Years: 39%
3 Years: 86%
1 Year: 41%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 18%
Last Year: 22%

Balance Sheet

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 21 28 31 34 43 47 47 48 56 62 77 96 102
0 0 0 0 0 0 0 0 1 0 0 0 0
18 17 12 9 12 12 11 12 13 13 12 14 14
Total Liabilities 44 50 48 49 60 64 63 65 75 80 94 116 122
6 6 7 7 7 7 14 12 10 10 7 8 8
CWIP 1 1 1 1 2 7 0 0 1 0 1 2 4
Investments 5 15 8 14 19 20 20 14 5 4 23 42 40
33 28 33 26 32 29 29 40 60 66 62 64 70
Total Assets 44 50 48 49 60 64 63 65 75 80 94 116 122

Cash Flows

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 17 -4 10 14 7 2 -6 -7 16 12 14
5 -11 7 -8 -12 -3 -2 7 7 1 -16 -24
-4 -5 -4 -3 -1 -3 -1 -1 1 -1 -1 -1
Net Cash Flow -0 1 -1 -1 1 1 -2 1 1 16 -5 -10

Ratios

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 115 52 131 139 75 82 64 61 97 79 58 84
Inventory Days 321 124 299 229 130 198 398 516 471 273 288 397
Days Payable 199 45 70 67 80 114 264 182 83 47 37 91
Cash Conversion Cycle 238 132 361 302 125 166 199 396 486 305 309 391
Working Capital Days 102 34 141 144 45 14 48 136 224 156 132 164
ROCE % 28% 65% 21% 16% 41% 9% 6% 4% 18% 12% 28% 30%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 0.00% 0.00% 0.52% 0.56% 0.56% 0.25% 0.19% 0.10%
0.00% 0.00% 0.00% 0.00% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.22%
46.32% 46.32% 46.32% 46.32% 46.13% 46.32% 45.80% 45.76% 45.76% 46.07% 45.92% 46.00%
No. of Shareholders 7,9279,6958,2888,1848,5778,4948,8889,38311,05412,74814,61515,415

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports