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DHP India Ltd (531306)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531306 NSE: Engineering - Industrial Equipments | Small Cap | DHP India Share Price

₹518.25 -4.20 (-0.80%)

As on 02-Jul'26 16:59

DHP India Ltd (531306)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531306 NSE: Engineering - Industrial Equipments | Small Cap | DHP India Share Price

₹518.25 -4.20 (-0.80%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹155 Cr.
Current Price
₹518.3
52-Week Low / High
₹430 / 727
TTM EPS
₹36.9
TTM Sales
₹72.4 Cr.
Book Value per Share
₹789.3
P/E Ratio
14.06
Higher than its 5-year historical median
Industry PE
59.3
Price to Book (P/B)
0.66
Lower than its 5-year historical median
Price to Sales (P/S)
2.15
Lower than its 5-year historical median
EV/EBITDA
8.26
Higher than its 5-year historical median
Dividend Yield
0.77%
Profitability Efficiency
Return on Equity (ROE)
4.66%
Underperforms industry median
Return on Capital Employed (ROCE)
6.53%
Underperforms industry median
Return on Assets (ROA)
4.34%
Operating Profit Margin
22.1%
Net Profit Margin
15.28%
Gross Profit Margin
25.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
25.29%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
84.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-83.38%
Asset Quality
Promoter Holding
73.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹234 Cr.
Equity
₹3 Cr.
Face Value
₹10
All Time Low / High
₹1.40 / 1700.00

DHP India stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Weak
Q.1 Is DHP India Ltd a good quality company?
DHP 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 DHP India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of DHP India Ltd vs industry peers?
DHP India Ltd revenue CAGR is 0.79%, compared to the industry median CAGR of 3.04%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of DHP India Ltd?
Promoters hold 73.37% of the DHP India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of DHP India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.6% 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 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.
DHP 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 35.5%30.3%26.4%9.2%31.6%35.8%19.7%15.5%34.1%6.5%-
Value Creation
Index
1.51.20.9-0.41.31.60.40.11.4-0.5-

Growth Parameters

Sales 46.652.367.255.570.312010953.257.872.472
Sales YoY Gr.-12.1%28.4%-17.3%26.5%70.1%-8.8%-51.2%8.6%25.3%-
Adj EPS 29.529.739.422.156114.275.487.2220.735.936.9
YoY Gr.-0.8%32.6%-43.9%153.9%103.9%-34%15.6%153.2%-83.7%-
BVPS (₹) 155.9196.6236.5228.4364.7499.9576.2722.9793.6789.3789.3
Adj Net
Profit
8.88.911.86.616.834.322.626.266.210.811
Cash Flow from Ops. 7.45.912.614.66.18.343.41.8-1.510.2-
Debt/CF from Ops. 0.20.50.30.10.1002.8-2.60.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5%0.6%-12.8%25.3%
Adj EPS 2.2%-8.5%-21.9%-83.7%
BVPS19.8%16.7%11.1%-0.5%
Share Price 15.1% -1.2% -14.4% -23.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
21.416.818.29.518.926.41413.429.14.54.7
Op. Profit
Mgn %
24.823.626.424.129.432.230.514.115.122.126.2
Net Profit
Mgn %
191717.611.923.928.720.849.2114.614.915.3
Debt to
Equity
00.1000000000
Working Cap
Days
123137125145141152174262265215663
Cash Conv.
Cycle
808679908899118196173137624

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales4752675670120109535872
Operating Expenses + 35404942508176464956
Manufacturing Costs3444467445
Material Costs22263427346154262833
Employee Cost 567881010121313
Other Costs 4443345445
Operating Profit 121218132138337916
Operating Profit Margin (%) 24.8%23.6%26.4%24.1%29.3%32.2%30.5%14.0%15.0%22.1%
Other Income + 5623110227744
Exceptional Items 000-8800000
Interest 0000000001
Depreciation 1112223444
Profit Before Tax 1516186284632317915
Tax 445351184124
Profit After Tax 1113133233623266711
PAT Margin (%) 23.5%24.7%19.2%5.6%32.9%29.8%21.5%49.6%115.2%15.3%
Adjusted EPS (₹)36.543.143.010.377.1118.778.188.0221.836.9
Dividend Payout Ratio (%)5.50%5.80%5.80%24.30%5.20%3.40%5.10%4.50%1.80%10.90%

Valuation of DHP 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 47597169109150173217238237
Share Capital 3333333333
Reserves 44566866106147170214235234
Debt +2332100547
Long Term Debt0000000000
Short Term Debt2332100547
Minority Interest0000000000
Trade Payables2123331242
Others Liabilities 556310221313154
Total Liabilities 55688377124175187237261249

Fixed Assets

Net Fixed Assets +12121510101826262927
Gross Block22232724243343465151
Accumulated Depreciation10111213141417202224
CWIP 0000121000
Investments 2533433976871161690183
Inventories9111113192826242323
Trade Receivables457492048710
Cash Equivalents 010722531850
Others Assets 5764719107177
Total Assets 55688377124175187237261249

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 76131568432-210
PBT 15161815204632317915
Adjustment -3-2-0-12-63-23-701
Changes in Working Capital -1-504-11-2318-21-1
Tax Paid -4-4-5-3-4-10-10-4-12-5
Cash Flow From Investing Activity + -7-6-12-6-9-7-38-8186-195
Capex -1-1-44-2-12-10-3-6-1
Net Investments -6-4-8-10-74-28-5190-196
Others 0000000022
Cash Flow From Financing Activity + -20-1-2-2-2-24-31
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-0-0-0-0-0-0-0-1
Dividend Paid -1-1-1-1-1-1-1-1-1-1
Others -110-1-1-0-05-13
Net Cash Flow -21-07-5-14-3182-184

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)26.5324.4619.854.4326.0127.4614.5113.5529.254.66
ROCE (%)35.4630.3226.439.1631.6335.819.6515.5434.136.53
Asset Turnover Ratio0.960.860.90.710.710.820.610.260.240.29
PAT to CFO Conversion(x)0.640.46150.260.221.870.08-0.030.91
Working Capital Days
Receivable Days31.9028.8030.8034.9032.8043.8039.7038.5045.7041.80
Inventory Days63.5070.2060.6077.6079.3069.5088.60168.40146.20113.70
Payable Days22.7019.1017.6037.403519.301518.803331.50

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

DHP India Ltd FAQs

The current trading price of DHP India on 02-Jul-2026 16:59 is ₹518.2.

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 01-Jul-2026 the market cap of DHP India stood at ₹155.5 Cr

The latest P/E ratio of DHP India as of 01-Jul-2026 is 14.06.

The latest P/B ratio of DHP India as of 01-Jul-2026 is 0.66.

The 52-week high of DHP India is ₹727.0 and the 52-week low is ₹430.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of DHP India is ₹72.38 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that DHP India Ltd is a good quality company.

The key valuation ratios of DHP India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of DHP India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About DHP India Ltd

DHP India was incorporated on April 26, 1991 as a private limited company and got converted into a public limited company on April 7, 1995.

The products manufactured by the company include propane, butane and LPG regulators, hose assemblies and brass fittings.

It has its manufacturing plant in Howrah, West Bengal with an installed capacity of 1.5 million pressure regulators per annum.

The registered office of the company is located at  Kolkata-, West Bengal.

DHP India is an ISO 9001:2000 certified company

 

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About MoneyWorks4Me

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