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D-Link (India) Ltd (DLINKINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533146 NSE: DLINKINDIA IT - Networking | Small Cap | D-Link (India) Share Price

₹477.80 -1.70 (-0.35%)

As on 05-Jun'26 10:31

D-Link (India) Ltd (DLINKINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533146 NSE: DLINKINDIA IT - Networking | Small Cap | D-Link (India) Share Price

₹477.80 -1.70 (-0.35%)

As on 05-Jun'26 10:31

Key Metrics
Valuation Multiples
Market Cap
₹1,702 Cr.
Current Price
₹477.8
52-Week Low / High
₹366 / 589
TTM EPS
₹29
TTM Sales
₹1,559 Cr.
Book Value per Share
₹136.2
P/E Ratio
16.54
Higher than its 5-year historical median
Industry PE
14
Price to Book (P/B)
3.52
Higher than its 5-year historical median
Price to Sales (P/S)
1.09
Higher than its 5-year historical median
EV/EBITDA
11.31
Higher than its 5-year historical median
Dividend Yield
4.84%
Profitability Efficiency
Return on Equity (ROE)
23.69%
Outperforms industry median
Return on Capital Employed (ROCE)
31.89%
Outperforms industry median
Return on Assets (ROA)
12.27%
Operating Profit Margin
9.2%
Net Profit Margin
7.48%
Gross Profit Margin
10.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
12.2%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.22%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.57%
Asset Quality
Promoter Holding
51.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹477 Cr.
Equity
₹7.1 Cr.
Face Value
₹2
All Time Low / High
₹15.15 / 728.00

D-Link (India) stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is D-Link (India) Ltd a good quality company?
D-Link (India) Ltd is a good quality company, based on a consistently good 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.

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.

How does D-Link (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of D-Link (India) Ltd vs industry peers?
D-Link (India) Ltd revenue CAGR is 13.68%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of D-Link (India) Ltd?
Promoters hold 51.02% of the D-Link (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of D-Link (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.5% based on the current price.

10 Year X-Ray : Login to view analysis.

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-Link (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 23.2%14.3%9.3%19.9%22.7%16.8%20.3%35.3%31.6%31.9%-
Value Creation
Index
0.70.0-0.30.40.60.20.51.51.31.3-

Growth Parameters

Sales 7016876267007267119041,1711,2271,3771,559
Sales YoY Gr.--1.9%-8.9%11.7%3.7%-2.1%27.2%29.6%4.8%12.2%-
Adj EPS 6.34.12.57.78.37.510.822.923.926.629
YoY Gr.--35.6%-37.8%202.4%8.4%-9.2%42.8%113%4.5%11.1%-
BVPS (₹) 43.147.650.156.163.971.280.8101.6117128136.2
Adj Net
Profit
22.514.5927.229.426.738.281.38594.4103
Cash Flow from Ops. 16.7-19.130.7-0.627.970.829.83.911989.4-
Debt/CF from Ops. 0-0.600000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.8%13.7%15.1%12.2%
Adj EPS 17.3%26.3%35.2%11.1%
BVPS12.9%14.9%16.6%9.4%
Share Price 15.2% 33.9% 27.8% -1.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
15.695.214.413.811.114.225.121.921.722
Op. Profit
Mgn %
5.13.42.56.25.65.45.99.69.49.28.4
Net Profit
Mgn %
3.22.11.43.94.13.84.26.96.96.96.6
Debt to
Equity
00.1000000000
Working Cap
Days
13013815015116016914814816415680
Cash Conv.
Cycle
5157716571624548454147

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7016876267007267119041,1711,2271,377
Operating Expenses > + 6676646116576856728511,0591,1121,251
Manufacturing Costs214351014182022
Material Costs5905875445835975977899841,0331,165
Employee Cost 31302926262729343539
Other Costs > 44463544573818232425
Operating Profit > 34231543403853113116126
Operating Profit Margin (%) 4.8%3.3%2.5%6.1%5.6%5.4%5.9%9.6%9.4%9.2%
Other Income > + 122186661319
Exceptional Items > 000-5500000
Interest > 0110010111
Depreciation > 1111444567
Profit Before Tax > 33231637484054113122138
Tax > 128514141014293135
Profit After Tax 211510243429408491103
PAT Margin (%) 3.1%2.2%1.7%3.4%4.7%4.1%4.5%7.2%7.4%7.5%
Adjusted EPS (₹)6.14.32.96.69.68.311.423.825.629.0
Dividend Payout Ratio (%)11.60%11.60%17%15.10%15.60%21.80%26.30%42.10%50.90%68.90%

Valuation of D-Link (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 + 153169178199227253287361415455
Share Capital 7777777777
Reserves 146162171192220246280354408448
Debt +01100000000
Long Term Debt0000000000
Short Term Debt01100000000
Minority Interest0000000000
Trade Payables16474119120123150199231241257
Others Liabilities 7222636506172110140172
Total Liabilities 324276323354400464558702797883

Fixed Assets

Net Fixed Assets +18181716232018242217
Gross Block27192019303132423333
Accumulated Depreciation912371114181116
CWIP 0000000000
Investments 22172124396599110174185
Inventories1006564839991981408277
Trade Receivables171145171184172175230303338365
Cash Equivalents 71127105038204360
Others Assets 6313840566276105138179
Total Assets 324276323354400464558702797883

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 17-1931-1287130411989
PBT 33241637484054113122138
Adjustment -25311310-3-8
Changes in Working Capital -1-3920-26-938-11-8132-7
Tax Paid -14-9-8-13-12-10-14-29-32-34
Cash Flow From Investing Activity + -55-5-2-17-56-18-1-66-6
Capex -0-1-1-0-0-0-1-1-1-0
Net Investments -45-4-2-16-57-18-1-67-8
Others 0000011112
Cash Flow From Financing Activity + -6-4-3-2-10-7-10-15-41-70
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-1-1-0-0-1-0-1-1-1
Dividend Paid -2-2-2-2-6-4-6-11-36-64
Others -3-1-00-3-3-3-3-5-6
Net Cash Flow 7-1823-5182-121213

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.969.486.0112.4915.9912.231526.0523.3823.69
ROCE (%)23.1614.39.2719.8622.716.8120.3135.3231.631.89
Asset Turnover Ratio2.412.292.092.061.921.651.771.861.641.64
PAT to CFO Conversion(x)0.81-1.273.1-0.040.822.450.750.051.310.86
Working Capital Days
Receivable Days81.208492.1092.6089.7089.3081.808395.3093.10
Inventory Days46.3043.7037.7038.4045.9048.9038.10373321.10
Payable Days85.907464.9074.6074.1083.6080.7079.8083.5078

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-Link (India) Ltd FAQs

The current trading price of D-Link (India) on 05-Jun-2026 10:31 is ₹477.8.

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 04-Jun-2026 the market cap of D-Link (India) stood at ₹1,702.5 Cr

The latest P/E ratio of D-Link (India) as of 04-Jun-2026 is 16.54.

The latest P/B ratio of D-Link (India) as of 04-Jun-2026 is 3.52.

The 52-week high of D-Link (India) is ₹588.9 and the 52-week low is ₹365.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of D-Link (India) is ₹1,559 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that D-Link (India) Ltd is a good quality company.

The key valuation ratios of D-Link (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 Strong which suggest that the price of D-Link (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About D-Link (India) Ltd

-Link (India) was incorporated in the year 1986. It is a global leader in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions. Following the company motto, 'Building Networks for People', D-Link continually meets the global networking and connectivity needs of digital home consumers, small office professionals, small- to medium-sized businesses, and enterprise environments.

D-Link India deals with a complete range of co-branded products from Foundry Networks Inc of US in India. It deals with the design, manufacture and marketing of networking, broadband, digital, voice, and data communications solutions. It offers its products through distributors, dealers and resellers in India and internationally. It is working on emerging technologies such as embedded systems, protocol programming, digital signal processing based systems, etc. The company is focusing on projects including development of IP phones, IPBX, Wireless LAN and Network security. D-Link (India) Ltd. is a part of the multinational D-Link Corporation, which has a presence  in over 100 countries. D-Link India's (Group) revenue was Rs 342 crore in FY'06. Its core business is in the area of networking and communications

D-Link (India) has a strong infrastructural presence with ISO 9001:2000 and ISO 14001:1996 certified state-of-the-art manufacturing plants in Goa; software and R&D centres in Goa and Bangalore; and a global tech support call centre in Mumbai. It has a nationwide network of 17 offices, 21 territory distributors, 400+ dealers and 4000+ resellers and four overseas distributors in SAARC countries providing active sales and service support.

Products & services offered:

  • Switches
  • Routers
  • LL Modem & Interface Converters
  • Security
  • Wireless
  • VOIP
  • Surveillance
  • Print Servers
  • Broadband
  • Digital Home
  • Network Storage
  • Ethernet Cards
  • Network Management
  • Structured Cabling

Awards & Achievements:-

  • CRN-Channel Champions 2007 Award (networking)
  • DQ channel-channel choice Award (Networking WLAN)
  • PC World-D-link Wireless Access Point DWL-2100Ap won India’s best Product Award
  • NASSCOM-D-Link featured among India’s Top IT Innovators.
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