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D & H India Ltd

D & H India Ltd

BBSE:DHINDIA
161.25
INR
-5.75
(-3.44%)
8.65EPS
30.64P/E
2.71BMarket Cap
D & H India Ltd
BSE:DHINDIA
(Bombay Stock Exchange)

Recent

price

161.25

P/E

ratio

30.64

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
81.51
84.35
86.6
87.73
83.1
78.64
75.17
86.29
99.74
99.25
84.93
113.97
170.43
180.43
237.4
300.2
276.39
Revenue per Share
2.29
3.1
3.26
2.46
1.48
0.37
0.36
0.24
2.4
-2.16
-0.98
3.01
5.19
3.09
5.85
9.95
8.65
Basic EPS, GAAP
-2.92
-1.39
3.71
-2.26
-3.13
-2.79
2.02
2.42
-2.05
-0.25
1.71
-3.88
-0.6
-15.78
-18.1
12.73
- -
Free Cash Flow per Basic Share
0.54
0.52
0.54
0.54
0.54
0.56
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
28.79
30.61
34.32
36.24
36.76
37.13
37.67
37.94
40.31
38.12
36.66
39.5
45
47.38
53.33
76.13
- -
Book Value per Share
28.79
30.61
33.39
35.28
35.74
36.06
36.6
36.87
38.9
36.75
35.29
38.15
42.23
42.11
46.86
70.56
- -
Tangible Book Value per Share
7
8
8
8
8
8
8
8
8
8
8
8
8
9
9
8
10
Basic Weighted Avg Shares
558
650
689
698
662
626
598
687
794
790
676
907
1,387
1,578
2,091
2,527
2,658
Sales/Revenue/Turnover
4.39
4.77
6.61
5.24
2.65
2.59
3.51
2.57
5.33
2.22
0.54
3.6
5.52
4.81
5.77
5.89
5.26
Operating Margin (%)
7
9
10
11
17
18
18
17
18
18
17
16
17
21
30
36
37
Depreciation Expense
16
24
26
20
12
3
3
2
19
-17
-8
24
42
27
52
84
83
Net Income, GAAP
32.74
32.63
33.1
35.26
26.74
38.56
40.26
38.03
21.8
- -
- -
- -
26.1
41.36
31.81
25.41
26.56
Effective Tax Rate (%)
2.8
3.68
3.76
2.81
1.78
0.46
0.49
0.28
2.41
-2.18
-1.15
2.65
3.04
1.71
2.46
3.32
3.13
Profit Margin (%)
87
96
137
97
100
126
126
144
182
172
202
203
258
237
295
499
- -
Working Capital
12
7
22
14
27
41
27
23
27
16
47
52
82
123
182
114
- -
LT Debt
215
244
273
289
293
296
300
302
321
304
292
314
377
417
470
779
- -
Total Equity
7.43
7.48
8.79
5.85
2.13
0.38
0.57
2.39
6.95
- -
- -
- -
9.85
6.05
8.78
9.75
- -
Return on Invested Capital (%)
7.49
10.23
10.23
7.24
4.81
2.34
2.58
2.4
6.91
- -
- -
- -
9.9
6.06
9.13
10.64
- -
Return on Capital (%)
7.79
10.43
10.03
6.98
4.06
0.99
0.98
0.63
6.14
-5.51
-2.61
7.92
12.2
6.81
11.62
13.41
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
353
- -
LT Borrowings
- -
110
- -
LT Finance Leases
- -
4
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
10
10
Market Capitalization
1,337
3,008
2,712

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,026
- -
Cash, Cash Equivalents & STI
- -
154
- -
Accounts Receivable, Net
- -
350
- -
Inventories
- -
328
- -
Total Current Liabilities
- -
527
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
353
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.59%
23.35%
65.85%
Free Cash Flow
93.44%
430.09%
-167.2%
Net Income, GAAP
41.21%
-43.15%
62.58%
Sales/Revenue/Turnover
16.52%
30.84%
20.84%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
445
503
552
591
2,091
2026
529
656
619
722
2,527
2027
660
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.96
0.96
1.77
2.46
5.85
2026
1.63
1.71
2.45
2.55
9.95
2027
1.94
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
D & H India Limited manufactures and markets a comprehensive range of welding consumables, including low hydrogen welding electrodes; stainless steel welding electrodes and wires for inconel alloys, hast alloys, duplex and super duplex stainless steel; submerged arc welding wires and fluxes; CO2 welding wires; stainless steel filler wires; MIG/TIG wires; flux cored wires; low heat input welding alloys and repair & maintenance electrodes; and manual metal arc electrodes, with over 800 electrode variants. The company serves industries such as oil & gas, petrochemical, steel, shipbuilding, cement, construction, transport, offshore, energy, and repair & maintenance, with approvals from agencies including Lloyd’s Register of Shipping, Bureau Veritas, BHEL, RDSO, and NPCIL, and supplies to government enterprises like Railways, NTPC, IOCL, ONGC, and BPCL. Incorporated on March 30, 1985, as D & H Welding Electrodes (India) Ltd. and converted to a public limited company in 1993, it maintains its registered office in Mumbai, with head office and manufacturing plants in Indore and Ghatabillod, Madhya Pradesh, and operates a nationwide dealer network. D & H India holds ISO 9001-2015 certification across its manufacturing facilities and pursues ongoing research and development for welding process improvements. Recent developments include approval of a rights issue to raise Rs 24.56 crore in October 2025; receipt of a Rs 4.7 crore investment promotion subsidy from the Madhya Pradesh government in October 2025; and progression of a scheme of amalgamation involving V & H Infra Pvt. Ltd., with related documents including valuation reports and board resolutions published as of January 2025.