BSE:590031

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


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

590031IndustryMarket
7 Day0.3%5.3%3.5%
30 Day10.6%8.1%6.4%
90 Day58.3%27.5%22.9%
1 Year4.4%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 Year34.3%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

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

NamePositionTenureCompensationOwnership
Vinay Chopra
MD & Executive Director4yrs₹3.87mno data
Robert Scannell
Non-Executive Director3.83yrs₹35.00kno data
Sarita D'Souza
Independent Non Executive Woman Director5.92yrs₹105.00kno data
Supriya Narendra Banerji
Non-Executive & Independent Director3.75yrs₹25.00kno data
Francesco L' Abbate
Non-Executive Director2.5yrs₹5.00kno data
Satish Dhume
Non-Executive Independent Chairman1.5yrsno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
590031BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001
DENORANSEI (National Stock Exchange of India)YesEquity SharesININRDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 12:43
End of Day Share Price2020/07/07 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.