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D&H India Ltd (517514)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517514 NSE: Electrodes & Welding Equipment | Small Cap | D&H India Share Price

₹232.40 -2.30 (-0.98%)

As on 09-Jun'26 16:59

D&H India Ltd (517514)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517514 NSE: Electrodes & Welding Equipment | Small Cap | D&H India Share Price

₹232.40 -2.30 (-0.98%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹240 Cr.
Current Price
₹232.4
52-Week Low / High
₹113 / 305
TTM EPS
₹8.2
TTM Sales
₹253 Cr.
Book Value per Share
₹75.8
P/E Ratio
28.59
Higher than its 5-year historical median
Industry PE
43
Price to Book (P/B)
3.09
Higher than its 5-year historical median
Price to Sales (P/S)
0.95
Higher than its 5-year historical median
EV/EBITDA
13.81
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
11.76%
In line with industry median
Return on Capital Employed (ROCE)
13.66%
In line with industry median
Return on Assets (ROA)
4.67%
Operating Profit Margin
6.9%
Net Profit Margin
2.47%
Gross Profit Margin
4.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
32.51%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
52.63%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
89.71%
Asset Quality
Promoter Holding
44.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹67 Cr.
Equity
₹10.2 Cr.
Face Value
₹10
All Time Low / High
₹0.93 / 304.80

D&H India stock performance

Key Ratios
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Quality

Not Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is D&H India Ltd a good quality company?
D&H India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does D&H India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of D&H India Ltd vs industry peers?
D&H India Ltd revenue CAGR is 21.49%, compared to the industry median CAGR of 7.29%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of D&H India Ltd?
Promoters hold 44.86% of the D&H India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of D&H India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.7% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
D&H India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ4.8%5%4.5%9.4%-0.1%1.1%8%13.6%10.6%13.7%-
Value Creation
Index ⓘ		-0.7-0.6-0.7-0.3-1.0-0.9-0.40.0-0.20.0-

Growth Parameters ⓘ
Sales ⓘ62.460.168.779.47967.690.7139158209253
Sales YoY Gr.--3.7%14.3%15.6%-0.5%-14.4%34.2%52.8%13.9%32.5%-
Adj EPS ⓘ0.60.50.42.5-1.8-12.953.15.88.2
YoY Gr.--16.1%-12.8%514.6%-173%NANA70.7%-36.8%84.7%-
BVPS (₹) ⓘ36.236.837.339.737.536.1394446.952.875.8
Adj Net
Profit ⓘ		0.50.40.32-1.5-0.82.34.22.85.18
Cash Flow from Ops. ⓘ-0.92.32.2-1.3-0.32.11.15.4-0.2-2.4-
Debt/CF from Ops. ⓘ-14.56.36.1-12.5-566.9165.2-155.4-22.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ14.4%21.5%32.1%32.5%
Adj EPS ⓘ29.6%NA25.9%84.7%
BVPSⓘ4.3%7%10.6%12.5%
Share Price 31.9% 68.5% 48.2% 6.6%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		1.61.31.16.6-4.8-2.67.712.2711.612.8
Op. Profit
Mgn % ⓘ		5.56.45.17.32.435.36.86.177
Net Profit
Mgn % ⓘ		0.70.60.52.5-1.9-1.12.531.82.43.3
Debt to
Equity ⓘ		0.50.50.40.50.50.50.60.80.91.10.1
Working Cap
Days ⓘ		16618917516717118814712112510766
Cash Conv.
Cycle ⓘ		9611598961091299674757025

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales62606979796891139158209
Operating Expenses ⓘ + 59566574776686129148195
Manufacturing Costs4333334568
Material Costs41384857575169106119157
Employee Cost 9888978101417
Other Costs ⓘ 67668558913
Operating Profit ⓘ 343622591015
Operating Profit Margin (%) 5.4%6.4%5.0%7.3%2.4%3.0%5.3%6.8%6.0%6.9%
Other Income ⓘ + 0000000001
Exceptional Items ⓘ 000-0-00-0000
Interest ⓘ 1212211235
Depreciation ⓘ 2222222223
Profit Before Tax ⓘ 1103-2-12658
Tax ⓘ 0001-0-0-0122
Profit After Tax 0002-2-12435
PAT Margin (%) 0.6%0.6%0.5%2.5%-2.1%-1.1%2.7%3.0%1.7%2.5%
Adjusted EPS (₹)0.50.50.42.5-2.1-0.93.05.03.15.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of D&H India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 29293032302931374146
Share Capital ⓘ 7777777888
Reserves ⓘ 21222224222124293338
Debt +12131114141416263448
Long Term Debt422324581218
Short Term Debt810911131011182230
Minority Interest0000000000
Trade Payables99131210812141512
Others Liabilities ⓘ 888766681014
Total Liabilities ⓘ 5859626560566684100121

Fixed Assets

Net Fixed Assets ⓘ +21201817151416202838
Gross Block28292930292933384659
Accumulated Depreciation891113141617181820
CWIP ⓘ 0000010040
Investments ⓘ 2222222222
Inventories17202326252226272422
Trade Receivables14121416151618283451
Cash Equivalents 1111100012
Others Assets ⓘ 2333224785
Total Assets ⓘ 5859626560566684100121

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -122-1-0215-0-2
PBT ⓘ 1113-2-12658
Adjustment ⓘ 3333333457
Changes in Working Capital ⓘ -4-1-1-7-10-4-3-9-16
Tax Paid ⓘ -0-0-0-0-100-1-1-1
Cash Flow From Investing Activity ⓘ + -1-2-001-1-5-9-14-7
Capex -1-1-0-00-0-4-6-9-14
Net Investments 00-00000000
Others ⓘ 0-1011-0-1-3-46
Cash Flow From Financing Activity ⓘ + 2-1-21-1-2441511
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 4000000000
Interest Paid ⓘ -1-2-1-2-2-1-1-2-3-5
Dividend Paid ⓘ -0000000000
Others ⓘ 01-130-0661816
Net Cash Flow ⓘ 0-0-00-0-0-0-002

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.41.231.076.41-5.47-2.558.0812.316.9611.76
ROCE (%)4.775.024.469.4-0.121.05813.5910.613.66
Asset Turnover Ratio1.251.161.331.481.491.371.762.182.012.22
PAT to CFO Conversion(x)N/AN/AN/A-0.5N/AN/A0.51.25-0-0.4
Working Capital Days
Receivable Days63.6070.8060.8058.8061.5071.2056.7050.6060.5063.10
Inventory Days90.90102.4098.4095.60100.6010881.1059.3050.8034.40
Payable Days82.9086.3084.2080.4068.6061.8051.5044.7044.6032.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

D&H India Ltd FAQs

The current trading price of D&H India on 09-Jun-2026 16:59 is ₹232.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of D&H India stood at ₹240.2 Cr

The latest P/E ratio of D&H India as of 08-Jun-2026 is 28.59.

The latest P/B ratio of D&H India as of 08-Jun-2026 is 3.09.

The 52-week high of D&H India is ₹304.8 and the 52-week low is ₹112.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of D&H India is ₹253 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that D&H India Ltd is a below average quality company.

The key valuation ratios of D&H India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of D&H India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About D&H India Ltd

D & H India, earlier known as D&H Welding Electrodes (India) started its venture in the year 1992. The company is one of the well-established manufacturers of welding consumables.In 2012 the company changed its name from D & H Welding Electrodes (India) Ltd. to D & H India Ltd.

D&H Welding Electrodes offers a wide range of welding electrodes for diverse applications. The company’s plant is located at Indore, which is equipped with the most sophisticated quality control and R&D infrastructure, develops various special and ultra-special electrodes to meet the ever-increasing and multifarious needs of customers.

Products offered:-

  • Manual metal arc electrode
  • Low heat input welding alloys
  • Submerged arc welding flux and wires
  • CO2 welding wire
  • Filler wire
  • Welding trans and rectifier
  • Wear resistant plates
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