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10 Yrs X-Ray 
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De Nora India Ltd (DENORA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590031 NSE: DENORA Electrodes & Welding Equipment | Small Cap | De Nora India Share Price
₹782 1.90 (0.24%)
As on 18-Sep'26 16:59
De Nora India Ltd (DENORA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590031 NSE: DENORA Electrodes & Welding Equipment | Small Cap | De Nora India Share Price
₹782 1.90 (0.24%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹415 Cr.
Current Price
₹782
52-Week Low / High
₹559 / 962
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
37.3
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
77.34%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
53.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹5.3 Cr.
Face Value
₹10
All Time Low / High
₹33.00 / 2334.00
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is De Nora India Ltd a good quality company?
De Nora 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.
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 De Nora India Ltd performance compare with that of its Peers?
Revenue growth of De Nora India Ltd vs industry peers?
De Nora India Ltd revenue CAGR is %, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of De Nora India Ltd?
Promoters hold 53.68% of the De Nora India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of De Nora India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.4% 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.
De Nora 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9% | 5.9% | 3.7% | 18.1% | 11.8% | 28.5% | 29.7% | 23% | 2.4% | 9.7% | - |
| Value Creation Index ⓘ | -0.4 | -0.6 | -0.7 | 0.3 | -0.2 | 1.0 | 1.1 | 0.6 | -0.8 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 26.7 | 27 | 32.8 | 48.2 | 50.5 | 74.2 | 73.6 | 73.8 | 68.6 | 122 | 115 |
| Sales YoY Gr. | - | 1.4% | 21.3% | 47.1% | 4.8% | 46.8% | -0.8% | 0.3% | -7.1% | 77.3% | - |
| Adj EPS ⓘ | 5.6 | 3.6 | 3 | 15.2 | 10.6 | 29 | 38.4 | 34.5 | 1 | 10.4 | 23 |
| YoY Gr. | - | -35.7% | -16.9% | 406% | -30.3% | 173.6% | 32.1% | -10.2% | -97.2% | 994.7% | - |
| BVPS (₹) ⓘ | 97.8 | 98.7 | 100.3 | 115.5 | 126.2 | 154.2 | 191.5 | 225.5 | 226.3 | 243.7 | 255.7 |
| Adj Net Profit ⓘ | 3 | 1.9 | 1.6 | 8.1 | 5.6 | 15.4 | 20.4 | 18.3 | 0.5 | 5.5 | 12 |
| Cash Flow from Ops. ⓘ | 7.2 | 1.9 | -6.1 | -7.2 | 16.2 | 11.7 | 14.3 | 16.1 | 3.1 | 12.2 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | -0.1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 18.4% | 19.2% | 18.2% | 77.3% | ||||
| Adj EPS ⓘ | 7.1% | -0.4% | -35.3% | 994.7% | ||||
| BVPSⓘ | 10.7% | 14.1% | 8.4% | 7.7% | ||||
| Share Price | 8.4% | 18.2% | -21.9% | -4.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.9 | 3.7 | 3 | 14.1 | 8.8 | 20.7 | 22.2 | 16.5 | 0.4 | 4.4 | 9.2 |
| Op. Profit Mgn % ⓘ | 7.7 | 8.5 | 1.6 | 21.9 | 16.8 | 30.9 | 33.9 | 29.1 | -1.6 | 6.1 | 8.6 |
| Net Profit Mgn % ⓘ | 11.2 | 7.1 | 4.9 | 16.8 | 11.1 | 20.8 | 27.7 | 24.8 | 0.7 | 4.5 | 10.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 289 | 214 | 284 | 295 | 288 | 208 | 267 | 263 | 283 | 177 | 265 |
| Cash Conv. Cycle ⓘ | 124 | 87 | 121 | 176 | 214 | 137 | 162 | 165 | 183 | 99 | 185 |
Valuation of De Nora India - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
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De Nora India Ltd FAQs
The current trading price of De Nora India on 18-Sep-2026 16:59 is ₹782.0.
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 17-Sep-2026 the market cap of De Nora India stood at ₹415.1 Cr
The latest P/E ratio of De Nora India as of 17-Sep-2026 is 34.04.
The latest P/B ratio of De Nora India as of 17-Sep-2026 is 3.06.
The 52-week high of De Nora India is ₹962.2 and the 52-week low is ₹559.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of De Nora India is ₹115 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that De Nora India Ltd is a below average quality company.
The key valuation ratios of De Nora India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of De Nora India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About De Nora India Ltd
De Nora India Limited is a Public Limited Company with 51% equity held by De Nora. The Company is a subsidiary of the De Nora and has brought to India the latest technologies with the complete support of De Nora's technical expertise and management. The company is headed by S. C. Jain, Managing Director, who leads a team of professionals with vast experience.
In keeping with the philosophy of the De Nora, De Nora India Limited provides its valuable customers, not only a superior product, but also technical assistance, in installation and operation of their electrodes, for both, new and retrofitted cells of different technologies, through out their operating life.
With his factory in Goa with state-of-the-art facilities, De Nora India meet the demands of the rapidly developing Chlor-alkali industry. This factory also provides us access to the Goa port facilities for our future export commitments.
This service is provided through a team of specialists, a centralized data bank and access to the vast technology resources of De Nora. It is our firm opinion, that De Nora India's strength lies in Its technical expertise backed by its well trained team of specialists. Of course, there is the additional benefit of the direct technical support of De Nora’s highly trained engineering staff, ready to discuss the needs of any prospective client, to define the best optimized solution.
Product range of the company includes:
Chlor-Alkali which makes a full range of products and systems for chlorine and alkali, and sodium and potassium chlorate commodity chemical producers.
Oxygen & Specialties designs, develops and manufactures electrodes, anode coatings and systems for several electrochemical applications
DNI Products - Electrochlorination Systems
- Seaclor Mac®
- Solar Mac ®
- BRAVorâ„¢
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