D&H India Ltd - Stock Valuation and Financial Performance

BSE: 517514 | NSE: | Electrodes & Welding Equipment | Small Cap

D&H India Share Price

90.57 -2.05 -2.21%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on D&H India

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D&H India stock performance -

mw4me loader
P/E Ratio (SA):
21.68
Market Cap:
74.2 Cr.
52-wk low:
52
52-wk high:
108

Is D&H India Ltd an attractive stock to invest in?

1. Is D&H India Ltd a good quality company?

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

2. Is D&H India Ltd undervalued or overvalued?

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.

3. Is D&H India Ltd a good buy now?

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.

10 Year X-Ray of D&H India:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.1%5.1%3.4%3.5%3.2%7.1%-0.5%0.5%7.2%10.4%-
Value Creation
Index
-0.4-0.6-0.8-0.8-0.8-0.5-1.0-1.0-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 69.165.662.460.168.779.47967.690.7139151
Sales YoY Gr.--5.1%-4.9%-3.7%14.3%15.6%-0.5%-14.4%34.2%52.8%-
Adj EPS 2.81.50.60.50.52.7-2-13.15.34.2
YoY Gr.--45.4%-60.8%-16.7%-10%502.2%-173.1%NANA70.5%-
BVPS (₹) 37.838.438.939.640.142.740.438.941.947.350.1
Adj Net
Profit
2.11.10.50.40.32-1.5-0.82.34.23
Cash Flow from Ops. 3.81.3-0.92.32.2-1.3-0.32.11.15.4-
Debt/CF from Ops. 1.37.8-14.56.36.1-12.5-566.9163.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8%15.1%20.6%52.8%
Adj EPS 7.4%63.9%NA70.5%
BVPS2.5%3.4%5.4%12.8%
Share Price 23.2% 35% 82.8% 61.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.641.61.31.16.6-4.8-2.67.712.28.6
Op. Profit
Mgn %
6.95.25.56.45.17.32.435.36.86.3
Net Profit
Mgn %
31.70.70.60.52.5-1.9-1.12.532.3
Debt to
Equity
0.20.40.50.50.40.50.50.50.60.6-
Working Cap
Days
12615016618917516717118814712173
Cash Conv.
Cycle
6172961159896109129966528

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.60%

Sales growth is growing at healthy rate in last 3 years 20.60%

Debt to equity has declined versus last 3 years average to 0.58

Sales growth is good in last 4 quarters at 16.24%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - D&H India Ltd.

Standalone Consolidated
TTM EPS (₹) 4.2 3.8
TTM Sales (₹ Cr.) 151 151
BVPS (₹.) 50.1 50.2
Reserves (₹ Cr.) 33 33
P/BV 1.81 1.80
PE 21.68 24.11
From the Market
52 Week Low / High (₹) 52.00 / 108.00
All Time Low / High (₹) 1.00 / 108.00
Market Cap (₹ Cr.) 74.2
Equity (₹ Cr.) 8.2
Face Value (₹) 10
Industry PE 20.7

Management X-Ray of D&H India:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of D&H India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales69.1065.5962.3860.1068.6979.3879.0267.6290.73138.60
Operating Expenses 64.5762.1858.9956.2765.2473.6077.1265.6085.94129.23
Manufacturing Costs2.713.343.603.313.162.943.292.743.915.24
Material Costs45.4943.9741.0138.2947.6856.5257.4850.9469.26106.07
Employee Cost 8.498.188.767.878.498.448.697.297.8310.39
Other Costs 7.886.685.636.815.915.707.664.634.947.53
Operating Profit 4.523.413.393.833.455.781.902.014.799.37
Operating Profit Margin (%) 6.5%5.2%5.4%6.4%5.0%7.3%2.4%3.0%5.3%6.8%
Other Income 0.160.780.310.070.200.430.120.140.490.12
Interest 0.700.971.341.631.491.741.801.381.412.07
Depreciation 1.041.621.771.741.731.731.771.711.601.74
Exceptional Items 00000-0.24-0.310.02-0.010
Profit Before Tax 2.951.600.580.530.442.50-1.85-0.912.275.67
Tax 1.040.430.180.180.120.54-0.17-0.17-0.151.49
Profit After Tax 1.911.180.400.360.321.96-1.68-0.752.424.18
PAT Margin (%) 2.8%1.8%0.6%0.6%0.5%2.5%-2.1%-1.1%2.7%3.0%
Adjusted EPS (₹)2.61.60.50.50.42.7-2.3-1.03.35.4
Dividend Payout Ratio (%)19%31%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2828.4128.8129.3129.6531.5829.8928.7531.0336.82
Share Capital 7.407.407.407.407.407.407.407.407.407.79
Reserves 20.6021.0121.4121.9122.2524.1822.4921.3523.6329.03
Minority Interest0000000000
Debt3.048.1711.9012.8111.2014.0214.3513.7916.0918.98
Long Term Debt1.172.533.882.472.132.711.634.254.837.79
Short Term Debt1.875.638.0210.349.0811.3112.729.5511.2611.20
Trade Payables12.309.539.118.9913.0111.899.707.5312.0320.65
Others Liabilities 9.689.027.868.217.887.446.235.556.377.85
Total Liabilities 53.0255.1357.6859.3261.7564.9360.1855.6365.5184.30

Fixed Assets

Gross Block26.1127.3628.4729.2229.3629.5328.9429.1133.0338.17
Accumulated Depreciation7.315.897.639.3811.0312.5713.9315.5116.8817.79
Net Fixed Assets18.8021.4720.8419.8418.3316.951513.6016.1520.38
CWIP 1.400.100.140.140.140.260.260.510.360.27
Investments 1.972.021.751.891.931.881.861.961.871.86
Inventories14.5917.6017.4920.4322.9426.1425.2021.8525.6627.33
Trade Receivables12.7110.8313.7312.5014.2815.9315.4615.5717.6727.54
Cash Equivalents 0.620.881.331.100.720.810.550.250.210.17
Others Assets2.942.222.413.423.402.951.851.903.596.75
Total Assets 53.0255.1357.6859.3261.7564.9360.1855.6365.5184.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3.841.27-0.932.292.16-1.28-0.282.101.115.42
PBT 2.991.510.620.580.512.74-1.54-0.942.275.67
Adjustment 1.611.962.813.303.023.133.472.972.543.70
Changes in Working Capital 0.4-1.49-3.98-1.42-1.17-6.78-1.380.19-3.7-2.93
Tax Paid -1.12-0.81-0.35-0.12-0.12-0.14-0.5200-1.02
Cash Flow From Investing Activity -5.57-1.71-0.56-1.80-0.050.301.48-0.60-5.40-8.97
Capex -5.83-3.46-1.18-0.75-0.20-0.430.32-0.40-4.27-5.98
Net Investments 0-0.050.270-0.010.120000
Others 0.261.790.35-1.060.170.611.15-0.20-1.13-2.99
Cash Flow From Financing Activity -0.500.711.95-0.72-2.501.07-1.46-1.804.263.52
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 003.730000000
Interest Paid -0.70-0.97-1.34-1.63-1.49-1.74-1.80-1.38-1.41-2.07
Dividend Paid -0.43-0.43-0.450000000
Others 0.632.1100.91-12.810.33-0.425.675.59
Net Cash Flow -2.230.260.45-0.23-0.380.09-0.26-0.30-0.04-0.03
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)74.171.41.231.076.41-5.47-2.558.0812.31
ROCE (%)11.497.234.775.024.469.4-0.121.05814.44
Asset Turnover Ratio1.61.371.251.161.331.481.491.371.772.18
PAT to CFO Conversion(x)2.011.08-2.336.366.75-0.65N/AN/A0.461.3
Working Capital Days
Receivable Days61586471615961715751
Inventory Days52799110298961011088159
Payable Days74918386848069625256

D&H India Ltd Stock News

D&H India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of D&H India on 28-Mar-2024 16:01 is ₹90.57.
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 28-Mar-2024 16:01 the market cap of D&H India stood at ₹74.16.
The latest P/E ratio of D&H India as of 28-Mar-2024 16:01 is 21.68.
The latest P/B ratio of D&H India as of 28-Mar-2024 16:01 is 1.81.
The 52-week high of D&H India is ₹108.0 and the 52-week low is ₹52.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of D&H India is ₹151.1 ( Cr.) .

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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