Diffusion Engineers Limited

Diffusion Engineers Limited

DIFFNKG.BO
Diffusion Engineers LimitedIN flagBombay Stock Exchange
328.25
INR
+6.05
- -
12.29BMarket Cap
Diffusion Engineers Limited
DIFFNKG.BO
(Bombay Stock Exchange)

Recent

price

328.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
FRC
40.99
54.25
67.47
73.69
89.58
- -
108.82
Revenue per Share
3.13
4.55
5.92
8.19
9.59
- -
13.47
Basic EPS, GAAP
2.67
-0.08
-3.73
1.13
-1.48
- -
- -
Free Cash Flow per Basic Share
0.35
0.26
0.43
0.49
0.43
- -
- -
Dividend per Share
23.62
27.75
33.38
47.53
59.18
- -
10.02
Book Value per Share
28.07
32.24
37.92
50.93
98.55
- -
108.38
Tangible Book Value per Share
37
37
37
37
37
- -
37
Basic Weighted Avg Shares
1,534
2,030
2,525
2,758
3,353
4,066
4,066
Sales/Revenue/Turnover
12.64
9.6
10.62
13.27
12.49
12.37
12.37
Operating Margin (%)
39
42
38
45
53
68
68
Depreciation Expense
117
170
222
307
359
503
503
Net Income, GAAP
30.58
22.43
22.73
25.02
23.16
22.49
22.49
Effective Tax Rate (%)
7.64
8.38
8.78
11.12
10.71
12.38
12.38
Profit Margin (%)
411
426
572
698
2,313
2,250
2,250
Working Capital
56
28
17
- -
- -
- -
- -
LT Debt
1,053
1,208
1,422
1,910
3,693
4,056
4,056
Total Equity
- -
11.18
12.33
13.18
10.37
9.41
9.41
Return on Invested Capital (%)
- -
14.98
15.65
16.37
16.39
33.3
33.3
Return on Capital (%)
- -
17.71
19.37
20.25
17.98
38.87
38.87
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
221
- -
286
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
- -
37
Market Capitalization
13,523
12,485
9,305

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,051
- -
3,237
Cash, Cash Equivalents & STI
1,190
- -
990
Accounts Receivable, Net
901
- -
1,282
Inventories
674
- -
737
Total Current Liabilities
734
- -
987
Payables & Accruals
- -
- -
- -
ST Debt
221
- -
286
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
33.99%
9.82%
Free Cash Flow
- -
887.6%
193.79%
Net Income, GAAP
- -
34.2%
40.14%
Sales/Revenue/Turnover
- -
21.76%
21.28%
Total Cash Common Dividend
- -
58.22%
251.57%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
654
716
- -
- -
2,758
2025
711
825
792
1,025
3,353
2026
807
836
1,008
1,416
4,066

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.66
- -
- -
- -
8.19
2025
1.93
2.26
1.92
3.48
9.59
2026
3.26
2.69
3.22
4.31
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.49
2025
- -
- -
- -
- -
0.43
2026
- -
- -
- -
- -
- -
Business
Diffusion Engineers Limited manufactures and sells welding consumables, wear plates and parts, and heavy engineering equipment primarily for core industries in India and international markets. Its product portfolio includes special welding consumables such as welding electrodes, flux-cored wires, TIG/MIG filler wires, tungsten carbide alloys, gas welding alloys, and wear-resistant wear plates. The company also trades in anti-wear powders and welding and cutting machinery. It provides specialized repair and reconditioning services for heavy machinery and equipment, including its proprietary Super Conditioning process designed to enhance wear resistance, reduce stresses, and improve reparability of machine components. Founded in 1982 and headquartered in Nagpur, Maharashtra, Diffusion Engineers operates four manufacturing units dedicated to producing electrodes, flux-cored wires, wear plates, coatings for abrasion and corrosion resistance, and heavy engineering equipment. The company primarily serves industries such as cement, power, sugar, mining, railways, steel, and shipping. In recent developments, Diffusion Engineers reported a 9-10% revenue growth in FY24, reaching approximately Rs 278 crore, with a 39% increase in profit after tax driven by improved operational efficiencies. It has expanded its geographic reach through subsidiaries in Singapore, Turkey, and the Philippines, and joint ventures in the United Kingdom and Malaysia. The company has also focused on scaling production capacity through investments in property, plant, and equipment and continues to advance its specialized surface treatment technologies as part of its growth strategy. Diffusion Engineers’ latest strategic initiatives include securing significant domestic orders, such as a INR 48 crore order for supply of High Pressure Grinding Rolls in the cement sector, and advancing its position in high-performance engineering solutions. The company demonstrates a strong commitment to innovation in wear-resistant materials and welding technology, supporting diverse industrial applications with durability and efficiency improvements. Under the leadership of CEO Ramesh Narasinghbhan, Diffusion Engineers maintains a comprehensive service and manufacturing footprint catering to both domestic and international industrial customers.