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D&H INDIA LTD

Capital Goods › Industrial Manufacturing
₹160.00
at close · 28 Oct 2026
▼ 3.95 (-2.41%)

Latest filings

  1. Proposed promoter warrant issue withdrawn after BSE rejection · Fund Raising
  2. Board withdraws Rs 32.57 cr preferential warrant issue, to fund via accruals and borrowings · Results
  3. Board meeting on 15 Oct to consider update on preferential warrants issue · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures welding electrodes and consumables used in metal-joining and fabrication work. All reported segment revenue comes from this single product line — Welding Electrodes and Consumable — while a separate Metallurgical Cored Wire line recorded zero revenue. In FY26, total revenue was Rs 252.71 crore, up 20.8% year-on-year, and net profit rose 62.6% to Rs 8.38 crore. Materials dominate the cost structure at 73.1% of revenue, followed by other operating expenses at 10.9% and employee costs at 9.8%. Capital expenditure was Rs 11.34 crore, or 4.5% of revenue, in FY26. The company operates through one wholly-owned subsidiary, V & H Fabricators Pvt. Ltd., which is not classified as a material subsidiary.

Operating scale
Wholly-owned subsidiary
V & H Fabricators Pvt. Ltd.FY26
Who pays it
Industrial buyers of welding consumables for fabrication and metal-joining work.
Biggest cost
Raw materials at 73.1% of revenue in FY26.
Kind of business
Single-product, materials-heavy industrial manufacturer.
Where it sits
BSE-listed small-cap manufacturer in the industrial products space.
Market Cap
₹164 Cr
P / E (TTM)
17.8×
EV / EBITDA
10.2×
Div Yield
—
Growth
30.2%▲
Revenue 5y CAGR
PAT — · EBITDA +55.5%
Quality
16.2%▲
ROCE (5y median)
ROE 10.8% (5y median) · margin 7.8%
Leverage
0.59·
Debt / Equity · moderate
Net debt ₹33 Cr
Revenue FY21→FY26
3.7×▲
Margin +4.5 pts
₹68 Cr → ₹253 Cr
Cash conversion
1.15×▲
Operating cash ÷ profit · 5 yrs
₹26 Cr on ₹23 Cr
Moves on a normal day
1.90%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#44/130
P/B#43/112
ROCE#71/142
ROE#52/113
Debt / Equity#89/113
EBITDA margin#87/110
Revenue growth#46/114
Profit growth#45/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 30% a year over 5 years
Returns on capital 16.2% (5-year median)
#71 of 142 in Industrial Products on the latest reported figures · up from 1.2% in FY21
Over 5 years it reported ₹23 Cr of profit and ₹26 Cr of operating cash — 1.15×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.59× equity
higher than 79% of its 113 Industrial Products peers

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from D&H INDIA LTD's filed financials and exchange disclosures

What does D&H INDIA LTD do?

D&H INDIA LTD is a Industrial Manufacturing company listed on BSE.

Is D&H INDIA LTD profitable?

Yes. Over the trailing twelve months D&H INDIA LTD reported a net profit of ₹8.31 Cr on revenue of ₹266 Cr.

Does D&H INDIA LTD pay a dividend?

Not in the latest reported year — D&H INDIA LTD's dividend payout for FY26 was nil.

Is D&H INDIA LTD debt-free?

No. It reported borrowings of ₹46 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹33 Cr after cash. Debt stands at 0.59× equity. That is higher than 79% of its 113 Industrial Products peers.

Is D&H INDIA LTD expensive compared with its peers?

On trailing P/E, D&H INDIA LTD ranks 44 of 130 in Industrial Products — cheaper than 67% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the D&H INDIA LTD share price move in a day?

On a typical session D&H INDIA LTD moves 1.90% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track D&H INDIA LTD's announcements?

Every NSE and BSE filing by D&H INDIA LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.