Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,175 Cr.
- Current Price ₹ 314
- High / Low ₹ 418 / 232
- Stock P/E 27.7
- Book Value ₹ 103
- Dividend Yield 0.48 %
- ROCE 14.7 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 24.4% CAGR over last 5 years
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
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 154 | 154 | 155 | 205 | 255 | 278 | 335 | 346 | |
| 137 | 137 | 137 | 182 | 226 | 239 | 290 | 299 | |
| Operating Profit | 17 | 17 | 19 | 22 | 29 | 39 | 45 | 47 |
| OPM % | 11% | 11% | 12% | 11% | 11% | 14% | 13% | 14% |
| 2 | 3 | 4 | 5 | 6 | 9 | 9 | 15 | |
| Interest | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 6 |
| Profit before tax | 13 | 14 | 17 | 22 | 29 | 41 | 47 | 54 |
| Tax % | 27% | 27% | 31% | 22% | 23% | 25% | 23% | |
| 9 | 11 | 12 | 17 | 22 | 31 | 36 | 43 | |
| EPS in Rs | 25.39 | 29.81 | 31.36 | 45.54 | 59.29 | 10.94 | 9.59 | 11.33 |
| Dividend Payout % | 0% | 0% | 13% | 9% | 7% | 5% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 27% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 28 | 37 | 37 |
| Reserves | 84 | 91 | 101 | 117 | 138 | 163 | 331 | 348 |
| 15 | 32 | 20 | 25 | 48 | 34 | 23 | 22 | |
| 31 | 42 | 33 | 44 | 40 | 50 | 52 | 58 | |
| Total Liabilities | 134 | 169 | 158 | 190 | 230 | 276 | 444 | 466 |
| 42 | 62 | 57 | 60 | 64 | 91 | 98 | 99 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 1 | 3 | 9 |
| Investments | 14 | 13 | 12 | 19 | 20 | 29 | 35 | 44 |
| 77 | 94 | 88 | 110 | 145 | 154 | 309 | 313 | |
| Total Assets | 134 | 169 | 158 | 190 | 230 | 276 | 444 | 466 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 13 | 10 | 12 | 11 | -5 | 36 | 9 | |
| -5 | -23 | 6 | -15 | -13 | -36 | -18 | |
| -8 | 14 | -16 | 3 | 20 | 3 | 129 | |
| Net Cash Flow | 0 | 1 | 2 | -2 | 1 | 3 | 119 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 82 | 101 | 90 | 100 | 87 | 92 |
| Inventory Days | 150 | 220 | 130 | 138 | 128 | 132 | 142 |
| Days Payable | 71 | 103 | 84 | 96 | 61 | 77 | 59 |
| Cash Conversion Cycle | 158 | 199 | 148 | 132 | 167 | 143 | 175 |
| Working Capital Days | 69 | 66 | 86 | 70 | 75 | 81 | 113 |
| ROCE % | 14% | 15% | 16% | 18% | 20% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
11 Dec - Crisil reaffirmed LT A-/Stable and ST A2+; bank facilities increased to Rs75 crore (Dec 11, 2025).","checklist":["Review the announcement text for key facts and figures","Assess materiality …
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Announcement under Regulation 30 (LODR)-Change in Management
10 Dec - Sameer Khaladkar (VP Exports) ceases to be SMP effective December 11, 2025; continues employment.
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Post- Intimation Of Plant Visit Organized On 09/12/2025
9 Dec - Organized plant visit for investors and analysts at Plants 1-3, Nagpur on 9 Dec 2025; no UPSI shared.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
5 Dec - Domestic order ~INR 7.98 Crore to supply six intermediate and two concentrate thickeners by Aug 2026.
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Intimation About Plant Visit On December 09, 2025
4 Dec - Diffusion Engineers to host investor-analyst plant visit at Nagpur Plants 1-3 on 9 December 2025
Annual reports
Concalls
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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