Dhoot Transmission Ltd
Dhoot Transmission Limited is a global Tier-1 manufacturer of integrated electrical systems, specialising across eight product families: wiring and cable systems, interconnect components, mechanical control systems, electronics and sensors, EV systems, switches and interfaces, protection and insulation, and power solutions.[1]From a single facility to a global network of manufacturing and engineering operations, the company delivers integrated electrical systems across automotive, electric vehicles, industrial equipment, agriculture, marine, railways, medical devices, and consumer applications.
- Market Cap ₹ 33,454 Cr.
- Current Price ₹ 1,635
- High / Low ₹ 1,739 / 1,130
- Stock P/E 208
- Book Value ₹ 0.00
- Dividend Yield 0.00 %
- ROCE 13.4 %
- ROE 10.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 44.9% CAGR over last 5 years
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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1,034 | 1,212 | 1,746 | 2,273 | 2,593 | 3,486 | |
| Sales growth | +17% | +44% | +30% | +14% | +34% | |
| 926 | 1,084 | 1,534 | 1,934 | 2,288 | 3,135 | |
| Operating Profit | 108 | 128 | 213 | 339 | 305 | 351 |
| OPM % | 10% | 11% | 12% | 15% | 12% | 10% |
| 2 | 2 | 4 | 8 | 14 | 10 | |
| Interest | 41 | 37 | 40 | 39 | 46 | 65 |
| Depreciation | 36 | 38 | 49 | 54 | 56 | 68 |
| Profit before tax | 34 | 54 | 128 | 253 | 216 | 228 |
| Tax % | 25% | 41% | 21% | 25% | 28% | 25% |
| 25 | 32 | 101 | 190 | 156 | 171 | |
| EPS in Rs | 1.72 | 2.16 | 6.87 | 12.96 | 10.68 | 9.07 |
| Dividend Payout % | 7% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 26% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 21% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 18% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 38 | 0.00 |
| Reserves | 198 | 230 | 324 | 513 | 667 | 2,777 | 0 |
| 444 | 371 | 319 | 356 | 482 | 568 | 0 | |
| 209 | 225 | 281 | 283 | 430 | 640 | 0 | |
| Total Liabilities | 869 | 843 | 941 | 1,170 | 1,596 | 4,022 | 0 |
| 337 | 349 | 386 | 390 | 513 | 771 | 0 | |
| CWIP | 11 | 15 | 1 | 26 | 82 | 9 | 0 |
| Investments | 75 | 89 | 89 | 126 | 210 | 1,150 | 0 |
| 446 | 391 | 466 | 628 | 791 | 2,093 | 0 | |
| Total Assets | 869 | 843 | 941 | 1,170 | 1,596 | 4,022 | 0 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 20 | 174 | 182 | 121 | 224 | 159 | |
| -33 | -74 | -72 | -107 | -287 | -1,070 | |
| 13 | -109 | -99 | -28 | 58 | 1,941 | |
| Net Cash Flow | 0 | -9 | 11 | -14 | -4 | 1,031 |
| Free Cash Flow | -21 | 119 | 122 | 52 | 12 | -27 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 24% | 147% | 101% | 54% | 96% | 62% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 62 | 53 | 41 | 53 | 61 | 63 |
| Inventory Days | 80 | 63 | 51 | 43 | 47 | 49 |
| Days Payable | 74 | 68 | 59 | 52 | 69 | 73 |
| Cash Conversion Cycle | 67 | 48 | 33 | 44 | 39 | 39 |
| Working Capital Days | -8 | -9 | -6 | 5 | -4 | -3 |
| ROCE % | 14% | 26% | 37% | 25% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement- Publication of Unaudited (Standalone and Consolidated) Financial Results for the quarter and half year ended September 30, 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 FY2026-27 earnings call posted on company website.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for Q2FY27 shows ₹1,400 crore IPO proceeds utilized; no deviation reported.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Dhoot Transmission announced Q2 FY27 results: revenue ₹18,272 million, adjusted PAT ₹1,615 million, EV revenue up 108% YoY.