D-Link (India) Ltd - Stock Valuation and Financial Performance

BSE: 533146 | NSE: DLINKINDIA | IT - Networking | Small Cap

D-Link (India) Share Price

270 -6.15 -2.23%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on D-Link (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

D-Link (India) stock performance -

mw4me loader
P/E Ratio (SA):
11.31
Market Cap:
971.2 Cr.
52-wk low:
208.1
52-wk high:
365

Is D-Link (India) Ltd an attractive stock to invest in?

1. Is D-Link (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that D-Link (India) Ltd is a average quality company.

2. Is D-Link (India) Ltd undervalued or overvalued?

The key valuation ratios of D-Link (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is D-Link (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of D-Link (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-Link (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-Link (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.5%17.5%15.7%8.9%5.4%14.4%13.9%11.3%14.3%25.3%-
Value Creation
Index
0.30.30.1-0.4-0.60.0-0-0.20.00.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4886257016876267007267119041,1711,205
Sales YoY Gr.-28.3%12.1%-1.9%-8.9%11.7%3.7%-2.1%27.2%29.6%-
Adj EPS 5.45.86.34.12.57.78.37.510.822.924.2
YoY Gr.-8.4%8.4%-35.6%-37.8%202.4%8.4%-9.2%42.8%113%-
BVPS (₹) 33.237.943.147.650.156.163.971.280.8101.6110.2
Adj Net
Profit
16.120.722.514.5927.229.426.738.281.386
Cash Flow from Ops. 0.3116.7-19.130.7-0.627.970.829.83.9-
Debt/CF from Ops. 11.52.20-0.6000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.2%13.3%17.3%29.6%
Adj EPS 17.5%55.4%40.3%113%
BVPS13.2%15.2%16.7%25.7%
Share Price 25.3% 26.4% 39.6% 20.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.217.715.695.214.413.811.114.225.122.8
Op. Profit
Mgn %
5.25.35.13.42.56.25.65.45.99.69.2
Net Profit
Mgn %
3.33.33.22.11.43.94.13.84.26.97.1
Debt to
Equity
0000.1000000-
Working Cap
Days
11111313013815015116016914814882
Cash Conv.
Cycle
5150515771657162454847

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.80%

Sales growth is growing at healthy rate in last 3 years 17.31%

Net Profit is growing at healthy rate in last 3 years 40.31%

Sales growth is not so good in last 4 quarters at 6.63%

Latest Financials - D-Link (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 24.2 24.7
TTM Sales (₹ Cr.) 1,205 1,213
BVPS (₹.) 110.2 115.6
Reserves (₹ Cr.) 384 403
P/BV 2.48 2.37
PE 11.31 11.07
From the Market
52 Week Low / High (₹) 208.05 / 364.95
All Time Low / High (₹) 15.15 / 364.95
Market Cap (₹ Cr.) 971
Equity (₹ Cr.) 7.1
Face Value (₹) 2
Industry PE 13.2

Management X-Ray of D-Link (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-Link (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
Sales4886257016876267007267119041,171
Operating Expenses 4665926676646116576856728511,059
Manufacturing Costs2221435101418
Material Costs405511590587544583597597789984
Employee Cost 22303130292626272934
Other Costs 37494446354457381823
Operating Profit 223334231543403853113
Operating Profit Margin (%) 4.5%5.3%4.8%3.3%2.5%6.1%5.6%5.4%5.9%9.6%
Other Income 1212218666
Interest 1001100101
Depreciation 2211114445
Exceptional Items 00000-55000
Profit Before Tax 203233231637484054113
Tax 71112851414101429
Profit After Tax 14212115102434294084
PAT Margin (%) 2.8%3.4%3.1%2.2%1.7%3.4%4.7%4.1%4.5%7.2%
Adjusted EPS (₹)4.56.06.14.32.96.69.68.311.423.8
Dividend Payout Ratio (%)13%12%12%12%17%15%16%22%26%42%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 100134153169178199227253287361
Share Capital 6777777777
Reserves 94127146162171192220246280354
Minority Interest0000000000
Debt42011000000
Long Term Debt0000000000
Short Term Debt42011000000
Trade Payables8011516474119120123150199231
Others Liabilities 577222636506172110
Total Liabilities 188259324276323354400464558702

Fixed Assets

Gross Block26272719201930313242
Accumulated Depreciation6891237111418
Net Fixed Assets20191818171623201824
CWIP 0000000000
Investments 01722172124396599110
Inventories6378100656483999198140
Trade Receivables95141171145171184172175230303
Cash Equivalents 307112710503820
Others Assets846313840566276105
Total Assets 188259324276323354400464558702

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0117-1931-12871304
PBT 203233241637484054113
Adjustment 13-25311310
Changes in Working Capital -14-24-1-3920-26-938-11-81
Tax Paid -7-10-14-9-8-13-12-10-14-29
Cash Flow From Investing Activity 2-1-55-5-2-17-56-18-1
Capex -1-10-1-1000-1-1
Net Investments 20-45-4-2-16-57-18-1
Others 1100000111
Cash Flow From Financing Activity 1-3-6-4-3-2-10-7-10-15
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -100-1-100-10-1
Dividend Paid -2-2-2-2-2-2-6-4-6-11
Others 3-2-3-100-3-3-3-3
Net Cash Flow 3-37-1823-5182-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.4618.2214.969.486.0112.4915.9912.231526.05
ROCE (%)22.1327.423.1614.39.2719.8622.716.8120.3135.32
Asset Turnover Ratio2.862.82.412.292.092.061.921.651.771.86
PAT to CFO Conversion(x)00.050.81-1.273.1-0.040.822.450.750.05
Working Capital Days
Receivable Days66698184929390898283
Inventory Days40414644383846493837
Payable Days63698674657574848180

D-Link (India) Ltd Stock News

D-Link (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of D-Link (India) on 28-Mar-2024 16:01 is ₹270.0.
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 28-Mar-2024 16:01 the market cap of D-Link (India) stood at ₹971.2.
The latest P/E ratio of D-Link (India) as of 28-Mar-2024 16:01 is 11.31.
The latest P/B ratio of D-Link (India) as of 28-Mar-2024 16:01 is 2.48.
The 52-week high of D-Link (India) is ₹364.9 and the 52-week low is ₹208.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of D-Link (India) is ₹1,205 ( Cr.) .

About D-Link (India) Ltd

-Link (India) was incorporated in the year 1986. It is a global leader in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions. Following the company motto, 'Building Networks for People', D-Link continually meets the global networking and connectivity needs of digital home consumers, small office professionals, small- to medium-sized businesses, and enterprise environments.

D-Link India deals with a complete range of co-branded products from Foundry Networks Inc of US in India. It deals with the design, manufacture and marketing of networking, broadband, digital, voice, and data communications solutions. It offers its products through distributors, dealers and resellers in India and internationally. It is working on emerging technologies such as embedded systems, protocol programming, digital signal processing based systems, etc. The company is focusing on projects including development of IP phones, IPBX, Wireless LAN and Network security. D-Link (India) Ltd. is a part of the multinational D-Link Corporation, which has a presence  in over 100 countries. D-Link India's (Group) revenue was Rs 342 crore in FY'06. Its core business is in the area of networking and communications

D-Link (India) has a strong infrastructural presence with ISO 9001:2000 and ISO 14001:1996 certified state-of-the-art manufacturing plants in Goa; software and R&D centres in Goa and Bangalore; and a global tech support call centre in Mumbai. It has a nationwide network of 17 offices, 21 territory distributors, 400+ dealers and 4000+ resellers and four overseas distributors in SAARC countries providing active sales and service support.

Products & services offered:

  • Switches
  • Routers
  • LL Modem & Interface Converters
  • Security
  • Wireless
  • VOIP
  • Surveillance
  • Print Servers
  • Broadband
  • Digital Home
  • Network Storage
  • Ethernet Cards
  • Network Management
  • Structured Cabling

Awards & Achievements:-

  • CRN-Channel Champions 2007 Award (networking)
  • DQ channel-channel choice Award (Networking WLAN)
  • PC World-D-link Wireless Access Point DWL-2100Ap won India’s best Product Award
  • NASSCOM-D-Link featured among India’s Top IT Innovators.
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