Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,210 Cr.
- Current Price ₹ 323
- High / Low ₹ 418 / 217
- Stock P/E 23.8
- Book Value ₹ 108
- Dividend Yield 0.46 %
- ROCE 16.4 %
- ROE 13.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 34.7% CAGR over last 5 years
Cons
- Company has a low return on equity of 13.6% 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 | |
|---|---|---|---|---|---|---|---|---|
| 154 | 154 | 155 | 205 | 255 | 278 | 335 | 407 | |
| 137 | 137 | 137 | 182 | 226 | 239 | 290 | 349 | |
| Operating Profit | 17 | 17 | 19 | 22 | 29 | 39 | 45 | 57 |
| OPM % | 11% | 11% | 12% | 11% | 11% | 14% | 13% | 14% |
| 2 | 3 | 4 | 5 | 6 | 9 | 9 | 17 | |
| Interest | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 7 |
| Profit before tax | 13 | 14 | 17 | 22 | 29 | 41 | 47 | 65 |
| Tax % | 27% | 27% | 31% | 22% | 23% | 25% | 23% | 22% |
| 9 | 11 | 12 | 17 | 22 | 31 | 36 | 50 | |
| EPS in Rs | 25.39 | 29.81 | 31.36 | 45.54 | 59.29 | 10.94 | 9.59 | 13.45 |
| Dividend Payout % | 0% | 0% | 13% | 9% | 7% | 5% | 16% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 17% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 33% |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 13% |
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 Figures in Rs. Crores / 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| 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 % ・Standalone data |
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| Number of Domestic Distributors Number ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 May - Transcript of the Analysts/ Institutional Investors meeting/ Call on Financial Results for the quarter and year ended March 31, 2026
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Post- Intimation Of Participation In Virtual Meeting With Geojit Financial Services On 22Nd May, 2026
22 May - Management held a virtual meeting with Geojit Financial Services on 22 May 2026.
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Intimation Of Analyst / Institutional Investor Meeting Under The SEBI (LODR) Regulations, 2015 On Friday, 22Nd May, 2026
19 May - Management will participate in a virtual investor meeting with Geojit Financial Services on 22 May 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 May - Audio recording of Q4 FY26 investor and analyst call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 May - Newspaper Advertisement published on May 18, 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