Sells networking hardware and solutions in India, focused on enterprise solutions and AI-driven Wi-Fi products, with a Make in India push for local sourcing. Operates alongside a subsidiary called TeamF1 Networks. In FY26, consolidated revenue stood at Rs 1,565.7 crore, up 12.68% year-on-year, while profit after tax was Rs 104.06 crore, roughly flat versus the prior year. Q1 FY27 revenue rose 30.5% year-on-year to Rs 456.96 crore, with PAT of Rs 27.61 crore. Employee cost is 3.2% of revenue and other operating expenses are 3.4%, with depreciation at 0.5% and capex at 0.1% of revenue, indicating a light-asset cost profile. The Indian arm is part of the D-Link Corporation Taiwan group, with promoter D-Link Holding Mauritius Inc holding 51.02% of paid-up capital, and faces a contested customs demand of Rs 611.49 lakh over royalty payments to the Taiwanese parent. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Networking hardware and enterprise solutions, TeamF1 Networks subsidiary operations. Asset-light distribution of IT networking hardware, with a software/networking subsidiary
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 918 | 1,181 | 1,236 | 1,384 | 1,566 |
| EBITDA (ex other income) | 56 | 115 | 117 | 127 | 132 |
| margin % | 6.1 | 9.7 | 9.5 | 9.2 | 8.4 |
| Owners' profit | 42 | 86 | 93 | 104 | 104 |
| EPS, as reported (₹) | 11.91 | 24.32 | 26.09 | 29.37 | 29.31 |
| ROE % · ROCE % | 14.0 · 18.9 | 22.8 · 30.4 | 21.3 · 18.4 | 21.9 · 29.4 | 20.6 · 27.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 33 | 6 | 121 | 90 | 15 |
| Capex | (1) | (1) | (1) | (0) | (2) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 337 | 331 | 370 | 350 | 377 | 395 | 444 | 457 |
| Profit before tax | 35 | 36 | 37 | 33 | 34 | 36 | 37 | 37 |
| Net profit | 27 | 27 | 27 | 24 | 25 | 27 | 28 | 28 |
| EPS (₹) | 7.53 | 7.47 | 7.73 | 6.87 | 7.15 | 7.52 | 7.77 | 7.78 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GNG ELECTRONICS LIMITED | 7,810 | 55.4 | 10.28 | 40.6 | 17.4 | 18.7 | — | 12.8 |
| RASHI PERIPHERALS LIMITED | 5,391 | 16.9 | 2.65 | 12.6 | 13.9 | 18.0 | — | 3.4 |
| MOSCHIP TECHNOLOGIES LTD | 4,087 | 150.3 | 10.00 | 69.0 | 8.6 | 7.4 | 40.9 | 10.1 |
| NELCO LTD | 2,158 | 559.5 | 16.75 | 75.5 | 2.6 | 3.1 | 6.3 | 11.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 27 Aug 2026 · Independent Director Madhu Gadodia completes second term | management changes | medium | — | — |
| 27 Aug 2026 · Independent Director Madhu Gadodia completes second term, exits board | management changes | medium | — | — |
| 24 Aug 2026 · D-Link India appoints new Independent Director, committees reconstituted | management changes | medium | — | — |
| 24 Aug 2026 · D-Link India appoints Vaishali Koparkar as Independent Director | management changes | medium | — | — |
| 11 Aug 2026 · D-Link India AGM results: dividend of Rs 27.50 per share approved, all 4 resolutions passed | compliance | low | — | — |
| 10 Aug 2026 · D-Link India 18th AGM: Total dividend of Rs. 27.50 per share declared | board shareholder meetings | medium | — | — |
| 3 Aug 2026 · D-Link India Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 1 Aug 2026 · Q1 FY27 Results: Revenue up 31% YoY, PAT rises 13% | results | medium | — | — |
| 1 Aug 2026 · D-Link India Q1 FY27 revenue up 30.5% YoY at Rs 456.96 cr | results | high | — | — |
| 20 Jul 2026 · D-Link India shares FY2025-26 Annual Report web link and AGM details | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| D-LINK INDIA LTD ◆ |
| 1,544 |
| 14.4 |
| 3.05 |
| 10.2 |
| 20.6 |
| 27.2 |
| 16.6 |
| 8.6 |
| BHARAT GLOBAL DEVELOPERS LIMIT | 1,419 | 168.8 | 7.46 | — | (0.1) | (0.1) | — | — |
| IVALUE INFOSOLUTIONS LTD | 1,232 | 11.9 | 2.17 | 7.8 | 17.3 | 21.9 | — | 13.4 |
| CONTROL PRINT LIMITED | 931 | 23.9 | 2.06 | 9.6 | 9.7 | 15.5 | 18.8 | 13.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.4 | 20.8 | 7 of 18 | 65% |
| P/B | 3.0 | 2.9 | 9 of 16 | 47% |
| ROCE | 27.2 | 14.9 | 2 of 19 | 94% |
| ROE | 20.6 | 9.7 | 2 of 17 | 94% |
| Debt / Equity | 0.0 | 0.1 | 2 of 17 | 69% |
| EBITDA margin | 8.6 | 8.8 | 8 of 13 | 42% |
| Revenue growth | 30.5 | 7.0 | 5 of 15 | 71% |
| Profit growth | 13.3 | 30.0 | 9 of 15 | 43% |
| Market cap | 1544 | 517 | 5 of 19 | 78% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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