DE Nora India Ltd

DE Nora India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DE Nora India Ltd

₹ 828 0.06%
21 Apr 11:07 a.m.
denora.com BSE: 590031 NSE: DENORA
About

Incorporated in 1989, De Nora India Ltd manufactures and services Electrolytic products[1]

Key Points

Business Overview:[1][2]
DNIL is a part of Oronzio De Nora International B.V. of De Nora Group which is an Italian multinational company and has 24 operating companies in 10 countries and 5 R&D centers in Italy, United States, and Japan. It holds 53.68% of equity of DNIL. Company has brought the latest technologies to India with support from De Nora’s technical expertise and management. DNIL is a supplier of technologies for the production of chlorine, caustic soda, and derivatives for the Chlor-alkali industry, as well as the world’s largest manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for the electro chemical industries in general.

Website BSE NSE
  • Market Cap ₹ 440 Cr.
  • Current Price ₹ 828
  • High / Low ₹ 2,025 / 675
  • Stock P/E 110
  • Book Value ₹ 235
  • Dividend Yield 0.25 %
  • ROCE 22.0 %
  • ROE 16.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Debtor days have improved from 64.3 to 50.6 days.

Cons

  • Earnings include an other income of Rs.6.20 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

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
15.39 38.90 12.38 14.37 19.19 27.63 9.14 19.08 29.40 16.18 12.76 18.13 17.56
11.52 24.68 10.09 12.61 13.99 12.21 9.35 11.44 21.91 9.93 9.82 14.92 28.95
Operating Profit 3.87 14.22 2.29 1.76 5.20 15.42 -0.21 7.64 7.49 6.25 2.94 3.21 -11.39
OPM % 25.15% 36.56% 18.50% 12.25% 27.10% 55.81% -2.30% 40.04% 25.48% 38.63% 23.04% 17.71% -64.86%
0.08 0.30 0.47 0.61 1.49 1.29 1.16 1.14 1.19 1.71 1.34 1.65 1.50
Interest 0.00 0.15 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.68 0.65 0.64 0.24 0.25 0.24 0.25 0.25 0.29 0.35 0.40 0.42 0.44
Profit before tax 3.27 13.72 2.11 2.13 6.44 16.47 0.70 8.53 8.39 7.61 3.88 4.44 -10.33
Tax % 26.61% 26.46% 25.59% 26.29% 25.31% 25.14% 25.71% 25.56% 22.77% 25.76% 25.77% 26.35% -24.30%
2.41 10.10 1.57 1.58 4.81 12.32 0.52 6.35 6.48 5.66 2.88 3.28 -7.81
EPS in Rs 4.54 19.03 2.96 2.98 9.06 23.21 0.98 11.96 12.21 10.66 5.43 6.18 -14.71
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
64.25 35.81 30.52 50.83 26.67 27.03 32.78 48.23 50.54 74.17 73.58 73.80 64.63
45.56 28.92 25.38 35.33 24.62 24.98 32.30 37.65 42.08 51.27 48.81 52.41 63.62
Operating Profit 18.69 6.89 5.14 15.50 2.05 2.05 0.48 10.58 8.46 22.90 24.77 21.39 1.01
OPM % 29.09% 19.24% 16.84% 30.49% 7.69% 7.58% 1.46% 21.94% 16.74% 30.88% 33.66% 28.98% 1.56%
1.41 1.08 2.24 3.77 3.31 3.16 3.99 2.43 1.78 0.96 3.83 5.16 6.20
Interest 0.24 0.34 0.16 0.12 0.06 0.01 0.12 0.06 0.06 0.23 0.08 0.18 0.00
Depreciation 0.60 0.71 1.20 1.16 0.85 2.13 2.53 2.59 2.60 2.67 1.37 1.15 1.61
Profit before tax 19.26 6.92 6.02 17.99 4.45 3.07 1.82 10.36 7.58 20.96 27.15 25.22 5.60
Tax % 30.94% 30.92% 29.40% 33.41% 33.03% 44.95% 12.64% 21.53% 25.46% 26.29% 25.30% 24.62%
13.31 4.78 4.25 11.98 2.98 1.69 1.59 8.13 5.65 15.45 20.28 19.01 4.01
EPS in Rs 25.07 9.00 8.01 22.57 5.61 3.18 3.00 15.31 10.64 29.10 38.20 35.81 7.56
Dividend Payout % 27.93% 44.44% 18.74% 17.73% 35.64% 31.42% 0.00% 0.00% 9.40% 3.44% 5.24% 5.59%
Compounded Sales Growth
10 Years: 8%
5 Years: 18%
3 Years: 13%
TTM: -24%
Compounded Profit Growth
10 Years: 14%
5 Years: 63%
3 Years: 47%
TTM: -84%
Stock Price CAGR
10 Years: 20%
5 Years: 35%
3 Years: 15%
1 Year: -49%
Return on Equity
10 Years: 14%
5 Years: 17%
3 Years: 19%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5.31 5.31 5.31 5.31 5.31 5.31 5.31 5.31 5.31 5.31 5.31 5.31 5.31
Reserves 28.37 30.63 33.96 43.35 46.62 47.07 47.92 56.02 61.67 76.57 96.37 114.38 119.45
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.77 0.00 0.00 0.00 0.00 0.00
16.60 12.48 9.26 11.75 11.82 10.70 12.09 13.12 12.63 11.76 13.98 6.98 19.22
Total Liabilities 50.28 48.42 48.53 60.41 63.75 63.08 65.32 75.22 79.61 93.64 115.66 126.67 143.98
6.46 7.23 6.85 7.22 7.25 13.80 11.93 10.21 9.59 7.45 7.89 13.45 14.77
CWIP 0.88 0.88 1.25 1.90 7.35 0.00 0.26 0.59 0.00 0.64 2.20 1.95 2.69
Investments 15.25 7.66 14.31 19.21 20.45 20.27 13.60 4.73 3.95 23.27 41.66 54.50 60.79
27.69 32.65 26.12 32.08 28.70 29.01 39.53 59.69 66.07 62.28 63.91 56.77 65.73
Total Assets 50.28 48.42 48.53 60.41 63.75 63.08 65.32 75.22 79.61 93.64 115.66 126.67 143.98

Cash Flows

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17.36 -4.47 9.71 13.76 7.22 1.89 -6.05 -7.24 16.15 11.66 14.28 16.06
-11.02 7.39 -7.77 -11.69 -3.29 -2.39 7.39 7.35 1.09 -16.12 -23.80 -13.61
-5.18 -4.35 -2.79 -0.96 -2.58 -1.28 -0.64 0.77 -0.77 -0.53 -0.53 -1.06
Net Cash Flow 1.16 -1.43 -0.85 1.11 1.35 -1.77 0.70 0.88 16.48 -4.99 -10.05 1.39

Ratios

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52.38 131.38 139.09 74.97 81.84 64.14 61.24 97.25 78.79 57.97 84.48 50.55
Inventory Days 124.18 298.87 229.19 130.01 197.82 398.23 516.42 471.41 272.94 288.42 397.03 401.25
Days Payable 44.56 69.54 66.71 79.72 113.65 263.55 181.89 82.99 46.94 36.90 90.83 51.25
Cash Conversion Cycle 132.00 360.72 301.58 125.26 166.01 198.83 395.77 485.67 304.79 309.49 390.68 400.55
Working Capital Days 33.92 140.56 144.35 45.02 13.96 48.34 135.73 224.24 155.56 131.98 163.85 157.28
ROCE % 65.32% 20.94% 16.46% 41.15% 8.95% 6.10% 3.67% 17.97% 11.92% 28.43% 29.67% 21.96%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68% 53.68%
0.00% 0.00% 0.52% 0.56% 0.56% 0.25% 0.19% 0.10% 0.09% 0.09% 0.10% 0.14%
0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22%
46.13% 46.32% 45.80% 45.76% 45.76% 46.07% 45.92% 46.00% 45.99% 46.01% 46.00% 45.96%
No. of Shareholders 8,5778,4948,8889,38311,05412,74814,61515,41514,87815,81316,03315,762

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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