Diffusion Engineers Ltd
Incorporated in 1982, Diffusion Engineers Ltd manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery[1]
- Market Cap ₹ 1,143 Cr.
- Current Price ₹ 306
- High / Low ₹ 418 / 217
- Stock P/E 23.9
- Book Value ₹ 103
- Dividend Yield 0.49 %
- 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
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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 | 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: | 23% |
| 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 |
| Free Cash Flow | 10 | -13 | 10 | -0 | -14 | 5 | -6 |
| CFO/OP | 97% | 85% | 88% | 68% | 3% | 120% | 43% |
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% |
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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Intimation Of Receipt Of Order Of About INR 08.16 Crores (Approx.)
30 Apr - Diffusion Engineers secured a domestic order worth about INR 8.16 crore for roller press rolls maintenance over 8-9 months.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 Apr - Diffusion Engineers filed annual secretarial compliance report for FY 2025-26; no non-compliances observed.
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Intimation For Receipt Of An Order Of About INR 09.88 Crores (Approx.)
23 Apr - Diffusion Engineers won a domestic order worth about ₹9.88 crore for VRM and separator parts, to be supplied by December 31, 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
16 Apr - Acuite reaffirmed Diffusion Engineers’ bank loan ratings on April 14, 2026 for Rs. 65.5 crore facilities.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026
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