Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,437 Cr.
- Current Price ₹ 384
- High / Low ₹ 490 / 232
- Stock P/E 34.7
- Book Value ₹ 94.9
- Dividend Yield 0.38 %
- ROCE 14.2 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.8% CAGR over last 5 years
Cons
- Stock is trading at 4.04 times its book value
- Company has a low return on equity of 12.4% 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 Products Other Industrial Products
Part of BSE SmallCap BSE IPO BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|
108 | 152 | 146 | 152 | 196 | 244 | 257 | 316 | 332 | |
94 | 134 | 131 | 133 | 174 | 220 | 227 | 275 | 280 | |
Operating Profit | 14 | 18 | 15 | 19 | 22 | 24 | 30 | 41 | 52 |
OPM % | 13% | 12% | 10% | 13% | 11% | 10% | 12% | 13% | 16% |
3 | 1 | 2 | 2 | 4 | 4 | 7 | 9 | 6 | |
Interest | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 |
Depreciation | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 4 | 5 |
Profit before tax | 12 | 14 | 13 | 15 | 21 | 23 | 32 | 43 | 52 |
Tax % | 21% | 30% | 28% | 31% | 24% | 25% | 26% | 22% | |
9 | 10 | 9 | 10 | 16 | 17 | 23 | 34 | 41 | |
EPS in Rs | 25.12 | 26.25 | 24.24 | 27.99 | 42.17 | 45.00 | 8.35 | 9.02 | 11.83 |
Dividend Payout % | 20% | 13% | 0% | 14% | 9% | 0% | 6% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 17% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 28% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 35% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 28 | 37 |
Reserves | 77 | 84 | 92 | 101 | 117 | 133 | 150 | 318 |
17 | 15 | 32 | 19 | 24 | 48 | 34 | 22 | |
20 | 30 | 40 | 30 | 41 | 40 | 48 | 52 | |
Total Liabilities | 118 | 133 | 168 | 154 | 186 | 224 | 260 | 429 |
40 | 41 | 60 | 56 | 58 | 61 | 88 | 96 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 |
Investments | 15 | 16 | 17 | 16 | 24 | 21 | 30 | 36 |
63 | 76 | 91 | 82 | 103 | 140 | 141 | 294 | |
Total Assets | 118 | 133 | 168 | 154 | 186 | 224 | 260 | 429 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
10 | 14 | 12 | 20 | 6 | -16 | 32 | 5 | |
-2 | -6 | -26 | 2 | -10 | -4 | -33 | -18 | |
-9 | -8 | 14 | -16 | 3 | 20 | 3 | 129 | |
Net Cash Flow | -1 | 1 | -1 | 7 | -2 | -0 | 1 | 116 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 100 | 81 | 90 | 98 | 89 | 109 | 92 | 100 |
Inventory Days | 186 | 146 | 220 | 117 | 135 | 119 | 120 | 132 |
Days Payable | 97 | 73 | 125 | 80 | 90 | 62 | 78 | 68 |
Cash Conversion Cycle | 189 | 153 | 185 | 136 | 134 | 166 | 134 | 164 |
Working Capital Days | 86 | 68 | 70 | 81 | 68 | 75 | 82 | 114 |
ROCE % | 16% | 13% | 14% | 15% | 14% | 16% | 14% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Registrar certifies no dematerialisation requests for July–Sept 2025 quarter.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Oct - Domestic order ~INR 22.86 Crore to supply ID/PA/FD fan statics and rotors, delivery by May 31, 2027.
- Closure of Trading Window 26 Sep
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Sep - Domestic order about INR 7.6 Crore to supply cement mill rollers, delivery over 10 months.
-
Post- Intimation Of Participation In Arihant Bharat Connect Virtual Conference On Tuesday, 23Rd September, 2025.
23 Sep - Management participated in Arihant Bharat Connect virtual conference on 23 Sep 2025, 2:00 PM; no UPSI.
Annual reports
Concalls
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT REC
-
Feb 2025TranscriptNotesPPT
Business Overview:[1]
DEL is in the business of welding consumables like electrodes, flux-cored wires, etc. It also offers solutions for reconditioning /repair of critical equipment used in manufacturing plants of cement, power, steel, etc. The company also manufactures wear plates and some heavy machinery like plasma cutting machines, etc