Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,402 Cr.
- Current Price ₹ 376
- High / Low ₹ 418 / 217
- Stock P/E 31.0
- Book Value ₹ 103
- Dividend Yield 0.40 %
- ROCE 15.2 %
- ROE 12.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 34.0% CAGR over last 5 years
Cons
- Company has a low return on equity of 12.4% over last 3 years.
- Earnings include an other income of Rs.18.5 Cr.
* 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 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 108 | 152 | 146 | 152 | 196 | 244 | 257 | 316 | 354 | |
| 94 | 134 | 131 | 133 | 174 | 220 | 227 | 275 | 307 | |
| Operating Profit | 14 | 18 | 15 | 19 | 22 | 24 | 30 | 41 | 47 |
| OPM % | 13% | 12% | 10% | 13% | 11% | 10% | 12% | 13% | 13% |
| 3 | 1 | 2 | 2 | 4 | 4 | 7 | 9 | 18 | |
| Interest | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 4 | 6 |
| Profit before tax | 12 | 14 | 13 | 15 | 21 | 23 | 32 | 43 | 57 |
| Tax % | 21% | 30% | 28% | 31% | 24% | 25% | 26% | 22% | 22% |
| 9 | 10 | 9 | 10 | 16 | 17 | 23 | 34 | 45 | |
| EPS in Rs | 25.12 | 26.25 | 24.24 | 27.99 | 42.17 | 45.00 | 8.35 | 9.02 | 11.93 |
| Dividend Payout % | 20% | 13% | 0% | 14% | 9% | 0% | 6% | 17% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 13% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 43% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 23% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 28 | 37 | 37 |
| Reserves | 77 | 84 | 92 | 101 | 117 | 133 | 150 | 318 | 347 |
| 17 | 15 | 32 | 19 | 24 | 48 | 34 | 22 | 27 | |
| 20 | 30 | 40 | 30 | 41 | 40 | 48 | 52 | 65 | |
| Total Liabilities | 118 | 133 | 168 | 154 | 186 | 224 | 260 | 429 | 477 |
| 40 | 41 | 60 | 56 | 58 | 61 | 88 | 96 | 108 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 | 22 |
| Investments | 15 | 16 | 17 | 16 | 24 | 21 | 30 | 36 | 42 |
| 63 | 76 | 91 | 82 | 103 | 140 | 141 | 294 | 304 | |
| Total Assets | 118 | 133 | 168 | 154 | 186 | 224 | 260 | 429 | 477 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 10 | 14 | 12 | 20 | 6 | -16 | 32 | 5 | 17 | |
| -2 | -6 | -26 | 2 | -10 | -4 | -33 | -18 | -31 | |
| -9 | -8 | 14 | -16 | 3 | 20 | 3 | 129 | -11 | |
| Net Cash Flow | -1 | 1 | -1 | 7 | -2 | -0 | 1 | 116 | -24 |
| Free Cash Flow | 6 | 11 | -11 | 21 | -1 | -24 | 1 | -9 | -20 |
| CFO/OP | 87% | 104% | 95% | 105% | 45% | -47% | 126% | 33% | 61% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 81 | 90 | 98 | 89 | 109 | 92 | 100 | 113 |
| Inventory Days | 186 | 146 | 220 | 117 | 135 | 119 | 120 | 132 | 123 |
| Days Payable | 97 | 73 | 125 | 80 | 90 | 62 | 78 | 68 | 71 |
| Cash Conversion Cycle | 189 | 153 | 185 | 136 | 134 | 166 | 134 | 164 | 166 |
| Working Capital Days | 86 | 68 | 70 | 81 | 68 | 75 | 82 | 114 | 117 |
| ROCE % | 16% | 13% | 14% | 15% | 14% | 16% | 14% | 15% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Net Working Capital Cycle Days |
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| Order Book INR Million |
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| Capacity Utilization % |
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| Number of Domestic Distributors Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
57m - Received domestic defence industry order worth about INR 7.49 crore, supplies through June 2028.
- Post- Intimation Of Investor/ Analyst Meet Held On 19Th June, 2026 19 Jun
- Pre- Intimation Of Investor/ Analyst Meet Held On 19Th June, 2026. 16 Jun
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Post- Intimation Of Investor/Analyst Meet Held On 16Th June, 2026
16 Jun - Company held a virtual investor/analyst meeting with Seven Rivers Holding on 16 June 2026.
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Post- Intimation Of Investor/Analyst Meet Held On 15Th June, 2026
15 Jun - Management held virtual investor-analyst meeting with Eternalis AIF on 15 June 2026.
Annual reports
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025TranscriptAI SummaryPPT
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