Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,326 Cr.
- Current Price ₹ 354
- High / Low ₹ 490 / 188
- Stock P/E 43.0
- Book Value ₹ 94.9
- Dividend Yield 0.42 %
- 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 3.72 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 IPO
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 | |
---|---|---|---|---|---|---|---|---|
108 | 152 | 146 | 152 | 196 | 244 | 257 | 316 | |
94 | 134 | 131 | 133 | 174 | 220 | 227 | 275 | |
Operating Profit | 14 | 18 | 15 | 19 | 22 | 24 | 30 | 41 |
OPM % | 13% | 12% | 10% | 13% | 11% | 10% | 12% | 13% |
3 | 1 | 2 | 2 | 3 | 4 | 7 | 9 | |
Interest | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
Depreciation | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 4 |
Profit before tax | 12 | 14 | 13 | 15 | 20 | 23 | 32 | 43 |
Tax % | 21% | 30% | 28% | 31% | 24% | 25% | 26% | 22% |
9 | 10 | 9 | 10 | 15 | 17 | 23 | 34 | |
EPS in Rs | 25.12 | 26.25 | 24.24 | 27.99 | 40.11 | 45.00 | 8.35 | 9.02 |
Dividend Payout % | 20% | 13% | 0% | 0% | 0% | 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: | 27% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
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 | 115 | 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 | 183 | 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 | 21 | 21 | 30 | 36 |
63 | 76 | 91 | 82 | 103 | 140 | 141 | 294 | |
Total Assets | 118 | 133 | 168 | 154 | 183 | 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 | 16 | -16 | 32 | 5 | |
-2 | -6 | -26 | 2 | -10 | -4 | -33 | -18 | |
-9 | -8 | 14 | -16 | 2 | 20 | 3 | 129 | |
Net Cash Flow | -1 | 1 | -1 | 7 | 8 | -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 | 142 | 102 | 120 | 114 | 110 | 144 | 130 | 139 |
ROCE % | 16% | 13% | 14% | 16% | 14% | 16% | 14% |
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulation, 2015 - Formation Of Wholly Owned Subsidiary
1d - Diffusion Engineers forms wholly owned UAE subsidiary for welding consumables, incorporated July 15, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jul - Certificate confirming no dematerialisation requests for Diffusion Engineers in Q1 FY2026.
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Post- Intimation Of Plant Visit By Investors And Analysts On July 08, 2025
8 Jul - Plant visit for investors on 8 July 2025 at Nagpur; no UPSI shared.
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Diffusion Engineers Limited Has informed Regarding ''''Pre- Intimation About Organizing Plant Visit For Investors And Analysts On 8Th July 2025''.''.
3 Jul - Pre-intimation of plant visit for investors on 8th July 2025 at Nagpur plants.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1 Jul - Shareholders approved Diffusion Engineers' Employee Stock Option Scheme 2025 and related share acquisition plans.
Annual reports
Concalls
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May 2025Transcript PPT REC
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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