De Nora India
Market Cap
₹1.2b
Last Updated
2020/07/07 12:43 UTC
Data Sources
Company Financials
Executive Summary
De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally.
Rewards
PE ratio (15.1x) is below the Electrical industry average (15.2x)
Risk Analysis
Earnings have declined by -23.14% per year over past 5 years
Snowflake Analysis
Adequate balance sheet with acceptable track record.
Share Price & News
How has De Nora India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 590031's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.3%
590031
5.3%
IN Electrical
3.5%
IN Market
1 Year Return
4.4%
590031
-21.4%
IN Electrical
-5.5%
IN Market
Return vs Industry: 590031 exceeded the Indian Electrical industry which returned -21.4% over the past year.
Return vs Market: 590031 exceeded the Indian Market which returned -5.5% over the past year.
Shareholder returns
| 590031 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 5.3% | 3.5% |
| 30 Day | 10.6% | 8.1% | 6.4% |
| 90 Day | 58.3% | 27.5% | 22.9% |
| 1 Year | 4.4%4.4% | -20.1%-21.4% | -3.7%-5.5% |
| 3 Year | -20.5%-21.4% | -20.3%-23.2% | 1.6%-3.1% |
| 5 Year | 34.3%31.1% | -27.0%-30.8% | 27.4%17.7% |
Price Volatility Vs. Market
How volatile is De Nora India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is De Nora India undervalued compared to its fair value and its price relative to the market?
15.08x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 590031's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 590031's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 590031 is good value based on its PE Ratio (15.1x) compared to the Electrical industry average (15.2x).
PE vs Market: 590031 is poor value based on its PE Ratio (15.1x) compared to the Indian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 590031's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 590031 is overvalued based on its PB Ratio (2x) compared to the IN Electrical industry average (0.8x).
Next Steps
Future Growth
How is De Nora India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.7%
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as De Nora India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine De Nora India's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- De Nora India competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has De Nora India performed over the past 5 years?
-23.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 590031 has a high level of non-cash earnings.
Growing Profit Margin: 590031's current net profit margins (16.8%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: 590031's earnings have declined by -23.1% per year over the past 5 years.
Accelerating Growth: 590031's earnings growth over the past year (417%) exceeds its 5-year average (-23.1% per year).
Earnings vs Industry: 590031 earnings growth over the past year (417%) exceeded the Electrical industry -3.1%.
Return on Equity
High ROE: 590031's Return on Equity (13.3%) is considered low.
Next Steps
Financial Health
How is De Nora India's financial position?
Financial Position Analysis
Short Term Liabilities: 590031's short term assets (₹617.8M) exceed its short term liabilities (₹138.0M).
Long Term Liabilities: 590031's short term assets (₹617.8M) exceed its long term liabilities (₹749.0K).
Debt to Equity History and Analysis
Debt Level: 590031's debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 590031's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 590031's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 590031 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is De Nora India current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 590031's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 590031's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 590031's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 590031's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 590031 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 590031's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average board tenure
CEO
Vinay Chopra (51yo)
4yrs
Tenure
₹3,868,000
Compensation
Mr. Vinay Chopra has been Managing Director and Executive Director of De Nora India Limited since July 16, 2016 and May 9, 2013 respectively and served as its Manager since July 16, 2013 until July 15, 201 ...
CEO Compensation Analysis
Compensation vs Market: Vinay's total compensation ($USD51.83K) is about average for companies of similar size in the Indian market ($USD49.57K).
Compensation vs Earnings: Vinay's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 4yrs | ₹3.87m | no data | |
| Non-Executive Director | 3.83yrs | ₹35.00k | no data | |
| Independent Non Executive Woman Director | 5.92yrs | ₹105.00k | no data | |
| Non-Executive & Independent Director | 3.75yrs | ₹25.00k | no data | |
| Non-Executive Director | 2.5yrs | ₹5.00k | no data | |
| Non-Executive Independent Chairman | 1.5yrs | no data | no data |
3.8yrs
Average Tenure
56.5yo
Average Age
Experienced Board: 590031's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
De Nora India Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: De Nora India Limited
- Ticker: 590031
- Exchange: BSE
- Founded: 1989
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: ₹1.179b
- Shares outstanding: 5.31m
- Website: https://india.denora.com
Number of Employees
Location
- De Nora India Limited
- Plot Nos. 184,185 &189
- Kundaim Industrial Estate
- Ponda
- Goa
- 403115
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 590031 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 2001 |
| DENORA | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 2001 |
Biography
De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally. The company is involved in the manufacture and coating of anodes and cathodes for electrolytic process for various industrial applications, such as chlor-alkali, water, pulp and paper manufacturing, surface finishing, and plating industries, as well as cathodic protection systems of steel structures, electrochlorination systems, and platinized anodes for surface finishing applications. It also offers Seaclor, a seawater system; Seaclor Mac, a brine base system; LIDA MMO coated titanium anodes for ICCP; Solar Mac systems, which cleans water from clean energy; and GISELLE, an instant disinfectant cum sanitizer generator. The company markets its products to agriculture and livestock, bleaching and chemicals, corrosion prevention, electronics, energy, marine, mining, pool, professional cleaning, renewable energy storage, surface finishing, municipal, and veterinary and animal care sector, as well as chlorine and caustic, and food industries. The company was formerly known as Titanor Components Limited and changed its name to De Nora India Limited in June 2007. The company was founded in 1989 and is based in Ponda, India. De Nora India Limited is a subsidiary of Oronzio De Nora International B.V.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/07 12:43 |
| End of Day Share Price | 2020/07/07 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.