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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
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About
Dhoot Transmission Ltd (DHOOTTRANS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544867 NSE: DHOOTTRANS Cable | Small Cap | Dhoot Transmission Share Price
₹1,413.90 11.15 (0.79%)
As on 20-Aug'26 09:09
Dhoot Transmission Ltd (DHOOTTRANS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544867 NSE: DHOOTTRANS Cable | Small Cap | Dhoot Transmission Share Price
₹1,413.90 11.15 (0.79%)
As on 20-Aug'26 09:09
Key Metrics
Valuation Multiples
Market Cap
₹28,693 Cr.
Current Price
₹1,413.9
52-Week Low / High
₹1,131 / 1,437
TTM EPS
₹7.7
TTM Sales
₹2,593 Cr.
Book Value per Share
₹199.3
P/E Ratio
183.48
Industry PE
55.4
Price to Book (P/B)
7.04
Price to Sales (P/S)
11.07
EV/EBITDA
91.26
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
25.75%
Return on Capital Employed (ROCE)
26.13%
Return on Assets (ROA)
11.31%
Operating Profit Margin
11.8%
Net Profit Margin
6.03%
Gross Profit Margin
10.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
14.08%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.97%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.61%
Asset Quality
Promoter Holding
82.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,035 Cr.
Equity
₹40.9 Cr.
Face Value
₹2
All Time Low / High
₹1130.50 / 1306.25
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Dhoot Transmission Ltd a good quality company?
Dhoot Transmission 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 Dhoot Transmission Ltd performance compare with that of its Peers?
Revenue growth of Dhoot Transmission Ltd vs industry peers?
Dhoot Transmission Ltd revenue CAGR is 26.61%, compared to the industry median CAGR of 6.51%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Dhoot Transmission Ltd?
Promoters hold % of the Dhoot Transmission Ltd, with % of their stake pledged, indicating no pledge risk.
Stock return of Dhoot Transmission Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Dhoot Transmission 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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16.2% | 15.4% | 18.3% | 18.8% | 11.7% | 11.8% | 14.2% | 26.2% | 38.1% | 26.1% | - |
| Value Creation Index ⓘ | 0.4 | 0.4 | 0.6 | 0.7 | 0.0 | 0.1 | 0.3 | 1.3 | 2.4 | 1.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 461 | 472 | 615 | 730 | 797 | 1,035 | 1,213 | 1,746 | 2,273 | 2,593 | 2,593 |
| Sales YoY Gr. | - | 2.5% | 30.2% | 18.8% | 9.1% | 29.9% | 17.3% | 44% | 30.1% | 14.1% | - |
| Adj EPS ⓘ | 1.2 | 0.9 | 1.5 | 1.9 | 1.4 | 1.8 | 2.2 | 7.1 | 12.7 | 10.2 | 7.7 |
| YoY Gr. | - | -19% | 56.4% | 29.3% | -27.9% | 30.7% | 20.1% | 231.6% | 77.4% | -19.1% | - |
| BVPS (₹) ⓘ | 6.6 | 8.1 | 9.4 | 11.5 | 13.1 | 14.7 | 16.9 | 23.3 | 36.1 | 46.6 | 199.3 |
| Adj Net Profit ⓘ | 17 | 13.8 | 21.6 | 27.9 | 20.2 | 26.3 | 31.6 | 105 | 186 | 150 | 156 |
| Cash Flow from Ops. ⓘ | 25.2 | 50.9 | 68.6 | 58.6 | 36.1 | 20.1 | 174 | 182 | 121 | 224 | - |
| Debt/CF from Ops. ⓘ | 5.9 | 2.9 | 2.5 | 4.2 | 11.4 | 22.1 | 2.1 | 1.8 | 2.8 | 2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.2% | 26.6% | 28.8% | 14.1% | ||||
| Adj EPS ⓘ | 27.4% | 49.5% | 68.2% | -19.1% | ||||
| BVPSⓘ | 24.3% | 29% | 40.4% | 29% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 19 | 12.8 | 16.8 | 18.2 | 11.2 | 12.9 | 13.7 | 35.5 | 42.6 | 24.7 | 6.2 |
| Op. Profit Mgn % ⓘ | 11.1 | 10.7 | 10.7 | 11.4 | 9.8 | 10.4 | 10.5 | 12.3 | 14.9 | 11.8 | NAN |
| Net Profit Mgn % ⓘ | 3.7 | 2.9 | 3.5 | 3.8 | 2.5 | 2.5 | 2.6 | 6 | 8.2 | 5.8 | 6 |
| Debt to Equity ⓘ | 1.5 | 1.2 | 1.2 | 1.4 | 2.1 | 2.1 | 1.5 | 0.9 | 0.6 | 0.7 | - |
| Working Cap Days ⓘ | 102 | 126 | 124 | 116 | 136 | 138 | 120 | 85 | 85 | 98 | 0 |
| Cash Conv. Cycle ⓘ | 45 | 50 | 50 | 48 | 47 | 48 | 45 | 30 | 31 | 37 | 0 |
Valuation of Dhoot Transmission - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 461 | 472 | 615 | 730 | 797 | 1,035 | 1,213 | 1,746 | 2,273 | 2,593 |
| Operating Expenses ⓘ + | 410 | 422 | 549 | 647 | 719 | 927 | 1,086 | 1,539 | 1,934 | 2,288 |
| Operating Profit ⓘ | 51 | 51 | 66 | 83 | 78 | 108 | 128 | 208 | 339 | 305 |
| Operating Profit Margin (%) | 11.0% | 10.7% | 10.7% | 11.4% | 9.8% | 10.4% | 10.5% | 11.9% | 14.9% | 11.8% |
| Other Income ⓘ + | -1 | 6 | 5 | 5 | 10 | 6 | 2 | 9 | 8 | 14 |
| Interest ⓘ | 12 | 14 | 17 | 21 | 27 | 41 | 37 | 40 | 39 | 46 |
| Depreciation ⓘ | 14 | 17 | 18 | 21 | 28 | 36 | 38 | 49 | 54 | 56 |
| Profit Before Tax ⓘ | 23 | 26 | 35 | 47 | 32 | 34 | 54 | 128 | 253 | 216 |
| Tax ⓘ | 8 | 8 | 12 | 17 | 7 | 8 | 22 | 27 | 63 | 60 |
| Profit After Tax | 16 | 18 | 23 | 30 | 25 | 25 | 32 | 101 | 190 | 156 |
| PAT Margin (%) | 3.4% | 3.7% | 3.8% | 4.1% | 3.1% | 2.4% | 2.6% | 5.8% | 8.4% | 6.0% |
| Adjusted EPS (₹) | 1.1 | 1.2 | 1.6 | 1.9 | 1.7 | 1.7 | 2.2 | 6.9 | 12.9 | 10.7 |
| Dividend Payout Ratio (%) | 11.30% | 10% | 11.30% | 9.60% | 1.80% | 1.80% | 5.60% | 0.40% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 96 | 119 | 138 | 169 | 192 | 216 | 247 | 342 | 530 | 684 | |
| Debt + | 138 | 139 | 156 | 228 | 385 | 444 | 318 | 263 | 308 | 406 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 61 | 84 | 84 | 80 | 151 | 147 | 160 | 203 | 230 | 361 | |
| Others Liabilities ⓘ | 34 | 37 | 68 | 66 | 92 | 62 | 118 | 134 | 102 | 145 | |
| Total Liabilities ⓘ | 329 | 379 | 446 | 543 | 820 | 869 | 843 | 941 | 1,170 | 1,596 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 156 | 160 | 170 | 222 | 357 | 337 | 349 | 386 | 390 | 513 | |
| CWIP ⓘ | 0 | 3 | 15 | 31 | 7 | 11 | 15 | 1 | 26 | 82 | |
| Investments ⓘ | 3 | 3 | 23 | 50 | 69 | 75 | 89 | 89 | 126 | 210 | |
| Inventories | 59 | 71 | 87 | 88 | 166 | 158 | 149 | 177 | 190 | 250 | |
| Trade Receivables | 92 | 105 | 107 | 102 | 119 | 174 | 175 | 194 | 333 | 432 | |
| Cash Equivalents | 3 | 18 | 5 | 10 | 25 | 26 | 16 | 25 | 13 | 9 | |
| Others Assets ⓘ | 16 | 20 | 41 | 40 | 76 | 88 | 50 | 70 | 94 | 101 | |
| Total Assets ⓘ | 329 | 379 | 446 | 543 | 820 | 869 | 843 | 941 | 1,170 | 1,596 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 25 | 51 | 69 | 59 | 36 | 20 | 174 | 182 | 121 | 224 |
| Cash Flow From Investing Activity ⓘ + | -41 | -35 | -67 | -104 | -156 | -33 | -74 | -72 | -107 | -287 |
| Cash Flow From Financing Activity ⓘ + | 17 | 1 | -0 | 54 | 137 | 13 | -109 | -99 | -28 | 58 |
| Net Cash Flow ⓘ | 1 | 16 | 1 | 9 | 17 | 0 | -9 | 11 | -14 | -4 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.48 | 16.37 | 18.07 | 19.53 | 13.72 | 12.34 | 13.65 | 34.15 | 43.53 | 25.75 |
| ROCE (%) | 16.15 | 15.38 | 18.29 | 18.82 | 11.72 | 11.76 | 14.22 | 26.24 | 38.09 | 26.13 |
| Asset Turnover Ratio | 1.75 | 1.49 | 1.53 | 1.48 | 1.17 | 1.23 | 1.42 | 1.96 | 2.16 | 1.87 |
| PAT to CFO Conversion(x) | 1.56 | 2.83 | 3 | 1.97 | 1.44 | 0.8 | 5.44 | 1.8 | 0.64 | 1.44 |
| Working Capital Days | ||||||||||
| Receivable Days | 56.30 | 68.30 | 61.20 | 52.10 | 50.60 | 51.70 | 52.60 | 38.60 | 42.10 | 53.80 |
| Inventory Days | 36.90 | 45 | 45.60 | 43.60 | 58.20 | 57.10 | 46.20 | 34.10 | 29.30 | 30.90 |
| Payable Days | 56.90 | 78 | 69.70 | 58.30 | 77.30 | 75.30 | 65.40 | 52.50 | 48.90 | 56 |
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Dhoot Transmission Ltd FAQs
The current trading price of Dhoot Transmission on 20-Aug-2026 09:09 is ₹1,413.9.
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 19-Aug-2026 the market cap of Dhoot Transmission stood at ₹28,693 Cr
The latest P/E ratio of Dhoot Transmission as of 19-Aug-2026 is 183.5.
The latest P/B ratio of Dhoot Transmission as of 19-Aug-2026 is 7.04.
The 52-week high of Dhoot Transmission is ₹1,436.9 and the 52-week low is ₹1,130.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhoot Transmission is ₹2,593 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhoot Transmission Ltd is a good quality company.
The key valuation ratios of Dhoot Transmission 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 Dhoot Transmission Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Dhoot Transmission Ltd
Dhoot Transmission was originally incorporated as ‘Dhoot Transmission Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 28, 1998, issued by the Assistant Registrar of Companies, Maharashtra at Mumbai.
Dhoot Transmission is one of India’s leading electrical and electronics (E&E) companies. The company designs, engineers, manufactures and supplies critical wiring harnesses that integrate electronic sensors and controllers, switches, terminals, connectors, junction boxes, high-voltage interconnection systems and data cables, delivering application-specific architectures across platforms. It serves both automotive and non-automotive applications, supporting stringent performance, safety and reliability requirements for OEMs. In line with the industry’s shift in powertrain, it caters to the spectrum of powertrain architectures across customer segments and end markets.
It manufactures wiring harnesses and electrical distribution systems for internal combustion engine (ICE) vehicles and electric vehicles (EV). Its offerings also include battery packs, switches, sensors (such as ABS sensors and lean angle sensors), controllers (such as USB chargers and light control modules) and power supply cords. Further, it is in the process of developing certain products such as side stand sensors and temperature sensors. The company has a diversified presence across multiple end-markets, extending beyond 2W and 3W into commercial vehicles (CVs), off-highway vehicles (OHW), and farming and industrial equipment.
Business area of the company
Dhoot Transmission is engaged in the business of manufacturing/sale of wiring harness, electronic parts, cables and terminals for two-wheeler industry, light and commercial vehicle industry, off- road machinery, appliances and industrial sector. It has a diversified presence across multiple end-markets, extending beyond 2W and 3W into CVs, off-highway vehicles, and farming and industrial equipment.
Products of the company
- Wiring harnesses
- Battery packs
- Sensors and electronic controllers
- Automotive switches
Awards, accreditations, and recognitions
- 2012: Best Overall Performance Award by MAN.
- 2013: Achieving Excellence in Recognition of Partner-level Performance award from John Deere.
- 2016: Unique Commitment and Outstanding Performance for Quality Excellence 2016 award by Volvo CE, India.
- 2016: Incoming Quality Improvement Award by Suzuki Motorcycle India Private Limited.
- 2016: Outstanding performance in quality award by Kubota Agricultural Machinery India Private Limited.
- 2016: Award for Quality Management by Honda Motorcycle & Scooter India Private Limited.
- 2017: Supplier Quality Excellence 2017 Award by KTM.
- 2017: Unique Commitment and Outstanding Performance for Quality Excellence award by Volvo CE, India.
- 2019: Award for Quality Management by Honda Motorcycle & Scooter India Private Limited.
- 2019: Award for Innovative Theme and Team Spirit in the Supplier NH Circle Competition 2019-20 of Honda Motorcycle & Scooter India Private Limited (North Region).
- 2019: Performance Award for Consistent Quality by Suzuki Motorcycle India Private Limited.
- 2020: Award for strong QCD commitment and successful development of BS-VI models by Honda.
- 2025: Quality Awards “Platinum” and “Super Platinum” at the Bajaj BAVA Convention 2024-25.
- 2026: Best New Model Development at the Annual Supplier Conference 2026 of Suzuki Motorcycle India Private Limited.
- 2026: Overall Best PFQCDDM at the Annual Supplier Conference 2026 of Suzuki Motorcycle India Private Limited.
History and milestones
- 1998: Incorporation of the company.
- 2007: Incorporation of Dhoot UK, establishing its presence in the UK.
- 2016: Set up a new manufacturing unit in Chennai, Tamil Nadu.
- 2017: Acquired TFC Slovakia, Step Down Foreign Subsidiary of Dhoot UK, further expanding its business to Europe.
- 2018: Acquired PHTL for an aggregate consideration of 1,900,000-million-pound sterling, further expanding its presence in the UK.
- 2018: Set up a new manufacturing unit in Manesar, Haryana.
- 2018: Incorporation of DT Wiring Thailand, establishing its presence in South East Asia.
- 2018: Introduction of a new product line including cable chargers, connectors, and plugs for electric vehicles, marking entry of the Company in the electric vehicle space.
- 2025: Investment by BC Asia XV pursuant to the BC Asia SSSPA.
- 2025: Acquisition of DHPL pursuant to the DHPL SPA.
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