Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,738 Cr.
- Current Price ₹ 464
- High / Low ₹ 520 / 217
- Stock P/E 31.4
- Book Value ₹ 108
- Dividend Yield 0.32 %
- ROCE 15.8 %
- ROE 12.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 33.2% CAGR over last 5 years
Cons
- Company has a low return on equity of 13.0% 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 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 154 | 154 | 155 | 205 | 255 | 278 | 335 | 407 | 436 | |
| 137 | 137 | 137 | 182 | 226 | 239 | 290 | 349 | 376 | |
| Operating Profit | 17 | 17 | 19 | 22 | 29 | 39 | 45 | 57 | 60 |
| OPM % | 11% | 11% | 12% | 11% | 11% | 14% | 14% | 14% | 14% |
| 2 | 3 | 4 | 5 | 6 | 9 | 9 | 17 | 19 | |
| Interest | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 3 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 7 | 7 |
| Profit before tax | 13 | 14 | 17 | 22 | 29 | 41 | 47 | 65 | 70 |
| Tax % | 27% | 27% | 31% | 22% | 23% | 25% | 23% | 22% | |
| 9 | 11 | 12 | 17 | 22 | 31 | 36 | 50 | 55 | |
| EPS in Rs | 25.39 | 29.81 | 31.36 | 45.54 | 59.29 | 10.94 | 9.59 | 13.45 | 14.63 |
| Dividend Payout % | 0% | 0% | 13% | 9% | 7% | 5% | 16% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 17% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 31% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 28 | 37 | 37 |
| Reserves | 84 | 91 | 101 | 117 | 138 | 163 | 331 | 368 |
| 15 | 32 | 20 | 25 | 48 | 34 | 23 | 29 | |
| 31 | 42 | 33 | 44 | 40 | 50 | 52 | 77 | |
| Total Liabilities | 134 | 169 | 158 | 190 | 230 | 276 | 444 | 510 |
| 42 | 62 | 57 | 60 | 64 | 91 | 98 | 110 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 1 | 3 | 23 |
| Investments | 14 | 13 | 12 | 19 | 20 | 29 | 35 | 43 |
| 77 | 94 | 88 | 110 | 145 | 154 | 309 | 334 | |
| Total Assets | 134 | 169 | 158 | 190 | 230 | 276 | 444 | 510 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 13 | 10 | 12 | 11 | -5 | 36 | 9 | 23 | |
| -5 | -23 | 6 | -15 | -13 | -36 | -18 | -40 | |
| -8 | 14 | -16 | 3 | 20 | 3 | 129 | -12 | |
| Net Cash Flow | 0 | 1 | 2 | -2 | 1 | 3 | 119 | -29 |
| Free Cash Flow | 10 | -13 | 10 | -0 | -14 | 5 | -6 | -18 |
| CFO/OP | 97% | 85% | 88% | 68% | 3% | 120% | 43% | 65% |
Ratios
Consolidated / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 82 | 101 | 90 | 100 | 87 | 92 | 115 |
| Inventory Days | 150 | 220 | 130 | 138 | 128 | 132 | 142 | 119 |
| Days Payable | 71 | 103 | 84 | 96 | 61 | 77 | 59 | 75 |
| Cash Conversion Cycle | 158 | 199 | 148 | 132 | 167 | 143 | 175 | 159 |
| Working Capital Days | 69 | 66 | 86 | 70 | 75 | 81 | 113 | 114 |
| ROCE % | 14% | 15% | 16% | 18% | 20% | 15% | 16% |
Insights
In beta| Jul 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Total Order Book Rs. Mn |
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| Order Book - Heavy Engineering Rs. Mn |
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| Order Book - Wear Plates & Wear Parts Rs. Mn |
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| Order Book - Welding Consumables Rs. Mn |
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| Countries Served Count |
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| Cumulative Projects Completed Count |
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| Manufacturing Units Count |
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| Total Distributors (Domestic + Overseas) Count |
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| Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Post- Intimation Of Analyst/Institutional Investor Meeting Held On 28Th September, 2026.
- Management participated in Arihant Bharat Connect Virtual Conference on 28 September 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
- Crisil reaffirmed A-/Stable and A2+ ratings on enhanced Rs.85 crore bank facilities.
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Intimation Of Schedule Of Analyst/Institutional Investor Meeting To Be Held On 28-09-2026
- Management to attend Arihant Bharat Connect Virtual Conference on 28 September 2026 at 10:00 AM.
- Closure of Trading Window
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Post - Intimation Of Avendus Spark Conference Held On 8Th September 2026
- Management participated in Avendus Spark Exclusive Small-Cap Investor Conference on 8 September 2026 in Mumbai.
Concalls
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Aug 2026Transcript PPT REC
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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 2025PPT
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