D-Link India Ltd
D-Link (India) Ltd is primarily engaged in marketing and distribution of networking products. It operates through a distribution network with a wide range of product portfolio and solutions with a nationwide reach across India.[1]
- Market Cap ₹ 1,601 Cr.
- Current Price ₹ 451
- High / Low ₹ 645 / 349
- Stock P/E 15.4
- Book Value ₹ 133
- Dividend Yield 4.45 %
- ROCE 28.3 %
- ROE 21.3 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.30%.
- Company has delivered good profit growth of 25.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 53.0%
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 641 | 721 | 707 | 644 | 716 | 740 | 727 | 918 | 1,181 | 1,236 | 1,384 | 1,428 | |
| 607 | 683 | 681 | 625 | 670 | 698 | 685 | 862 | 1,066 | 1,118 | 1,257 | 1,300 | |
| Operating Profit | 34 | 38 | 25 | 18 | 46 | 42 | 42 | 56 | 115 | 117 | 127 | 128 |
| OPM % | 5% | 5% | 4% | 3% | 6% | 6% | 6% | 6% | 10% | 10% | 9% | 9% |
| 2 | 1 | 2 | 3 | -3 | 14 | 7 | 7 | 7 | 14 | 20 | 20 | |
| Interest | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 1 | 1 | 6 | 5 | 5 | 5 | 6 | 7 | 7 |
| Profit before tax | 33 | 38 | 25 | 19 | 41 | 50 | 42 | 57 | 116 | 124 | 140 | 140 |
| Tax % | 34% | 35% | 34% | 33% | 36% | 29% | 26% | 26% | 26% | 25% | 25% | |
| 22 | 24 | 17 | 13 | 26 | 35 | 31 | 42 | 86 | 93 | 104 | 104 | |
| EPS in Rs | 6.16 | 6.87 | 4.70 | 3.57 | 7.45 | 9.92 | 8.83 | 11.91 | 24.32 | 26.09 | 29.36 | 29.21 |
| Dividend Payout % | 11% | 10% | 11% | 14% | 13% | 15% | 20% | 25% | 41% | 50% | 68% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 13% |
| 3 Years: | 15% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 25% |
| 3 Years: | 33% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 35% |
| 3 Years: | 19% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 20% |
| 3 Years: | 22% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 128 | 149 | 167 | 178 | 203 | 231 | 259 | 296 | 371 | 428 | 468 | 465 |
| 2 | 0 | 11 | 0 | 0 | 10 | 7 | 4 | 10 | 8 | 4 | 11 | |
| 126 | 177 | 80 | 123 | 132 | 129 | 158 | 206 | 241 | 252 | 268 | 286 | |
| Total Liabilities | 263 | 333 | 265 | 309 | 342 | 377 | 431 | 513 | 629 | 695 | 748 | 769 |
| 35 | 35 | 34 | 33 | 32 | 42 | 38 | 34 | 40 | 38 | 34 | 41 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 5 | 0 | 4 | 7 | 22 | 49 | 83 | 93 | 158 | 168 | 196 |
| 228 | 293 | 231 | 272 | 303 | 313 | 345 | 396 | 496 | 500 | 546 | 532 | |
| Total Assets | 263 | 333 | 265 | 309 | 342 | 377 | 431 | 513 | 629 | 695 | 748 | 769 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 19 | -18 | 34 | 3 | 28 | 75 | 33 | 6 | 121 | 90 | |
| -1 | -5 | 4 | -6 | -6 | -19 | -58 | -19 | -5 | -67 | -6 | |
| -3 | -6 | -4 | -3 | -2 | -11 | -8 | -11 | -15 | -41 | -71 | |
| Net Cash Flow | -2 | 8 | -18 | 25 | -5 | -2 | 8 | 4 | -15 | 12 | 13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 87 | 76 | 98 | 95 | 86 | 89 | 92 | 94 | 100 | 96 |
| Inventory Days | 56 | 62 | 40 | 43 | 52 | 61 | 56 | 45 | 52 | 29 | 24 |
| Days Payable | 82 | 102 | 46 | 80 | 75 | 75 | 92 | 92 | 86 | 85 | 80 |
| Cash Conversion Cycle | 54 | 47 | 70 | 61 | 71 | 72 | 53 | 45 | 60 | 44 | 40 |
| Working Capital Days | 54 | 52 | 67 | 68 | 75 | 78 | 59 | 52 | 64 | 50 | 48 |
| ROCE % | 25% | 15% | 11% | 23% | 20% | 16% | 19% | 33% | 29% | 28% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Nov
- Corporate Action-Board approves Dividend 5 Nov
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Record Date
5 Nov - Interim dividend ₹6 per share (FV ₹2); record date Nov 14, 2025; payment within 30 days.
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Announcement under Regulation 30 (LODR)-Change in Directorate
5 Nov - Q2 results; interim dividend ₹6/share (record date Nov 14, 2025); Mukesh Lulla resigned; new director consented.
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Interim Dividend Update
5 Nov - Interim dividend ₹6 per share; record date November 14, 2025; payment within 30 days from declaration.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Product Portfolio
Its portfolio includes different kinds of routers, switches, wireless devices, surveillance, network security, structured cabling, network infrastructure, and optical transport network products. [1]