Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,087 Cr.
- Current Price ₹ 290
- High / Low ₹ 418 / 232
- Stock P/E 25.7
- Book Value ₹ 103
- Dividend Yield 0.52 %
- 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: | -9% |
| 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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under Reg 74(5) confirming dematerialisation processes for quarter ended Dec 31, 2025.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 31 Dec
-
Post- Intimation Of Investor Meet And Plant Visit Organized On 26-12-2025
26 Dec - Investor meeting and plant visit with Kitara Capital on 26-Dec-2025; no UPSI shared.
-
Announcement With Respect To Grant Of Employee Stock Options .
25 Dec - NRC granted 3,00,000 ESOPs on Dec 25, 2025; exercise price Rs.325; vests over four years.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Dec
Annual reports
Concalls
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT REC
-
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