D&H India Ltd - Stock Valuation and Financial Performance

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

D&H India Share Price

128.98 7.50 6.17%
as on 25-Apr'24 16:01

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

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

D&H India stock performance -

mw4me loader
P/E Ratio (SA):
30.88
Market Cap:
105.6 Cr.
52-wk low:
58
52-wk high:
132.4

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 26.8% 42.8% 107.1% 85.9%

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 2.57 2.57
PE 30.88 34.33
From the Market
52 Week Low / High (₹) 58.00 / 132.40
All Time Low / High (₹) 1.00 / 124.50
Market Cap (₹ Cr.) 106
Equity (₹ Cr.) 8.2
Face Value (₹) 10
Industry PE 23.7

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
Sales696662606979796891139
Operating Expenses 656259566574776686129
Manufacturing Costs3343333345
Material Costs454441384857575169106
Employee Cost 88988897810
Other Costs 8767668558
Operating Profit 5334362259
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 0100000000
Interest 1112122112
Depreciation 1222222222
Exceptional Items 0000000000
Profit Before Tax 321103-2-126
Tax 1000010001
Profit After Tax 210002-2-124
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 28282929303230293137
Share Capital 7777777778
Reserves 21212122222422212429
Minority Interest0000000000
Debt381213111414141619
Long Term Debt1342232458
Short Term Debt2681091113101111
Trade Payables12109913121081221
Others Liabilities 10988876668
Total Liabilities 53555859626560566684

Fixed Assets

Gross Block26272829293029293338
Accumulated Depreciation7689111314161718
Net Fixed Assets19212120181715141620
CWIP 1000000100
Investments 2222222222
Inventories15181720232625222627
Trade Receivables13111412141615161828
Cash Equivalents 1111111000
Others Assets3223332247
Total Assets 53555859626560566684

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 41-122-10215
PBT 321113-2-126
Adjustment 2233333334
Changes in Working Capital 0-1-4-1-1-7-10-4-3
Tax Paid -1-10000-100-1
Cash Flow From Investing Activity -6-2-1-2001-1-5-9
Capex -6-3-1-10000-4-6
Net Investments 0000000000
Others 020-10110-1-3
Cash Flow From Financing Activity 012-1-21-1-244
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0040000000
Interest Paid -1-1-1-2-1-2-2-1-1-2
Dividend Paid 0000000000
Others 1201-130066
Net Cash Flow -2000000000
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)21N/AN/AN/A-0.5N/AN/A0.51.25
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 25-Apr-2024 16:01 is ₹129.0.
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 25-Apr-2024 16:01 the market cap of D&H India stood at ₹105.6.
The latest P/E ratio of D&H India as of 25-Apr-2024 16:01 is 30.88.
The latest P/B ratio of D&H India as of 25-Apr-2024 16:01 is 2.57.
The 52-week high of D&H India is ₹132.4 and the 52-week low is ₹58.00.
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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