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De Nora India BSE:590031 Stock Report

Last Price

₹674.25

Market Cap

₹3.6b

7D

1.2%

1Y

108.1%

Updated

17 Aug, 2022

Data

Company Financials
590031 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends0/6

590031 Stock Overview

De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally.

De Nora India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for De Nora India
Historical stock prices
Current Share Price₹674.25
52 Week High₹886.00
52 Week Low₹295.00
Beta1.03
1 Month Change-16.18%
3 Month Change-10.53%
1 Year Change108.07%
3 Year Change219.78%
5 Year Change157.89%
Change since IPO9,396.48%

Recent News & Updates

Shareholder Returns

590031IN ElectricalIN Market
7D1.2%2.2%1.9%
1Y108.1%27.6%9.1%

Return vs Industry: 590031 exceeded the Indian Electrical industry which returned 27.6% over the past year.

Return vs Market: 590031 exceeded the Indian Market which returned 9.1% over the past year.

Price Volatility

Is 590031's price volatile compared to industry and market?
590031 volatility
590031 Average Weekly Movement9.2%
Electrical Industry Average Movement6.4%
Market Average Movement6.3%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 590031 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 590031's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
198956Vinay Choprahttps://india.denora.com

De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally. It is primarily involved in the manufacture and coating of anodes and cathodes for electrolytic processes in the chlor-alkali industry. The company also offers Seaclor, a seawater system; Seaclor Mac, a brine base system; LIDA MMO coated titanium anodes for ICCP; platinized anodes for surface finishing; and Solar MacTM, a system that produces clean water from clean energy.

De Nora India Fundamentals Summary

How do De Nora India's earnings and revenue compare to its market cap?
590031 fundamental statistics
Market Cap₹3.58b
Earnings (TTM)₹178.31m
Revenue (TTM)₹814.38m

20.1x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
590031 income statement (TTM)
Revenue₹814.38m
Cost of Revenue₹331.93m
Gross Profit₹482.45m
Other Expenses₹304.14m
Earnings₹178.31m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)33.59
Gross Margin59.24%
Net Profit Margin21.90%
Debt/Equity Ratio0.0%

How did 590031 perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

3%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 590031 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 590031?

Other financial metrics that can be useful for relative valuation.

590031 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA11.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 590031's PE Ratio compare to its peers?

590031 PE Ratio vs Peers
The above table shows the PE ratio for 590031 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.1x
517059 Salzer Electronics
13.4xn/a₹3.6b
532928 Transformers and Rectifiers (India)
26.1xn/a₹4.6b
523100 Cosmo Ferrites
29.7xn/a₹4.6b
MARINE Marine Electricals (India)
23.2xn/a₹3.5b
590031 De Nora India
20.1xn/a₹3.6b

Price-To-Earnings vs Peers: 590031 is good value based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (23.1x).


Price to Earnings Ratio vs Industry

How does 590031's PE Ratio compare vs other companies in the IN Electrical Industry?

Price-To-Earnings vs Industry: 590031 is good value based on its Price-To-Earnings Ratio (20.1x) compared to the Indian Electrical industry average (20.8x)


Price to Earnings Ratio vs Fair Ratio

What is 590031's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

590031 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 590031's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 590031 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 590031 (₹674.25) is trading above our estimate of fair value (₹310.82)

Significantly Below Fair Value: 590031 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is De Nora India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.4%

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.


Discover growth companies

Past Performance

How has De Nora India performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


38.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 590031 has high quality earnings.

Growing Profit Margin: 590031's current net profit margins (21.9%) are higher than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: 590031's earnings have grown significantly by 38.6% per year over the past 5 years.

Accelerating Growth: 590031's earnings growth over the past year (489%) exceeds its 5-year average (38.6% per year).

Earnings vs Industry: 590031 earnings growth over the past year (489%) exceeded the Electrical industry 33.7%.


Return on Equity

High ROE: 590031's Return on Equity (21.8%) is considered high.


Discover strong past performing companies

Financial Health

How is De Nora India's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 590031's short term assets (₹830.0M) exceed its short term liabilities (₹117.6M).

Long Term Liabilities: 590031 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 590031 is debt free.

Reducing Debt: 590031 had no debt 5 years ago.

Debt Coverage: 590031 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 590031 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is De Nora India current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.15%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 590031's dividend (0.15%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: 590031's dividend (0.15%) is low compared to the top 25% of dividend payers in the Indian market (1.7%).


Stability and Growth of Payments

Stable Dividend: 590031 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 590031 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 590031 is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: 590031 is not paying a notable dividend for the Indian market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average board tenure


CEO

Vinay Chopra (53 yo)

6.08yrs

Tenure

₹3,846,000

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 ($USD48.49K) is about average for companies of similar size in the Indian market ($USD37.73K).

Compensation vs Earnings: Vinay's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 590031's board of directors are considered experienced (5.2 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 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
  • Implied Market Cap: ₹3.579b
  • Shares outstanding: 5.31m
  • Website: https://india.denora.com

Number of Employees


Location

  • De Nora India Limited
  • Kundaim Industrial Estate
  • Plot Nos. 184, 185 & 189
  • Ponda
  • Goa
  • 403115
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.