Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 954 Cr.
- Current Price ₹ 255
- High / Low ₹ 418 / 232
- Stock P/E 19.9
- Book Value ₹ 103
- Dividend Yield 0.60 %
- 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
- Earnings include an other income of Rs.19.6 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 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 | 368 | |
| 137 | 137 | 137 | 182 | 226 | 239 | 290 | 317 | |
| Operating Profit | 17 | 17 | 19 | 22 | 29 | 39 | 45 | 51 |
| OPM % | 11% | 11% | 12% | 11% | 11% | 14% | 13% | 14% |
| 2 | 3 | 4 | 5 | 6 | 9 | 9 | 20 | |
| 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 | 62 |
| Tax % | 27% | 27% | 31% | 22% | 23% | 25% | 23% | |
| 9 | 11 | 12 | 17 | 22 | 31 | 36 | 47 | |
| EPS in Rs | 25.39 | 29.81 | 31.36 | 45.54 | 59.29 | 10.94 | 9.59 | 12.66 |
| Dividend Payout % | 0% | 0% | 13% | 9% | 7% | 5% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 27% |
| TTM: | 49% |
| 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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Post- Intimation Of Participation In Dolat Capital Corporate Conference On Wednesday, 18Th February, 2026
18 Feb - Management participated in Dolat Capital Corporate Conference on 18 Feb 2026 at Grand Hyatt, Santacruz; no UPSI disclosed. Checklist: - Confirm regulatory context and referenced …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Feb - Transcript of the Analysts/ Institutional Investors meeting/ Call on Financial Results for the quarter and nine months ended December 31, 2025
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Intimation Under Regulation 7(2)(B) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015
12 Feb - Chairman acquired 20,100 shares on Feb 11, 2026; holdings 1,04,65,199 (27.96%).
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
11 Feb - MA report (Dec 31, 2025): IPO gross proceeds Rs1,579.64mn; Rs709.83mn utilized; no deviations.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 Feb - Audio recording of Q3 FY2025-26 earnings call (quarter/nine months ended Dec 31, 2025) posted online.
Annual reports
Concalls
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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