BSE: 540361
DANUBE INDUSTRIES LIMITED
Classified as a trading and distribution services company, the entity reported Rs. 115.1694 crore of revenue in FY26 with an EBITDA margin of 3.84%. The cost structure shows other operating expenses at 3.0% of revenue and employee costs at 0.8%, with no materials cost disclosed. Following a recent business update, it has entered refurbishment, quality enhancement, and value-addition of copiers, laptops, and desktops, to be sold under its own 'DANUBE' brand, and is setting up a manufacturing facility for laptops and desktops at Sachana, Taluko Viramgam, Gujarat. The board has provisionally approved acquiring a 51% controlling stake in JCR Fashion Retail Private Limited, an Ahmedabad-based retailer of personal and household goods with FY24-25 turnover of ₹86.27 crore. Other strategic plans include a tie-up with Shree Info Solutions for IT services, a USD 50M investment from Fox Petroleum Group in two tranches of USD 25M each, and a proposed renaming to Fox Danube Technologies Limited with focus on AI, manufacturing, IT services, infrastructure, and energy tech. AR · MarketPing reader · 2026-08-02
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 39 | 69 | 87 | 110 | 115 |
| EBITDA (ex other income) | 1 | 1 | 3 | 3 | 3 |
| margin % | 2.8 | 2.1 | 3.2 | 2.8 | 2.3 |
| Owners' profit | 1 | 1 | 1 | 1 | 1 |
| EPS, as reported (₹) | 0.33 | 0.25 | 0.16 | 0.70 | 0.15 |
| ROE % · ROCE % | 6.7 · 7.7 | 4.9 · 6.3 | 5.9 · 16.2 | 3.6 · 8.6 | 3.8 · 11.8 |
| Debt / equity (x) | 0.10 | 1.25 | 0.60 | 0.39 | 0.92 |
| Cash from operations | (4) | (9) | (6) | (18) | (17) |
| Capex | (1) | 0 | 0 | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 | 35 | 37 | 26 | 24 | 33 | 34 | 17 |
| Profit before tax | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 |
| Net profit | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.03 | 0.03 | 0.18 | 0.03 | 0.04 | 0.05 | 0.03 | 0.03 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.3 | 13.9 | 101 of 130 | 23% |
| P/B | 1.2 | 0.9 | 85 of 150 | 44% |
| ROCE | 5.1 | 2.1 | 64 of 177 | 64% |
| ROE | 3.8 | 2.3 | 68 of 158 | 57% |
| Debt / Equity | 0.9 | 0.1 | 128 of 154 | 17% |
| EBITDA margin | 6.4 | 4.5 | 57 of 137 | 59% |
| Revenue growth | (32.2) | (8.6) | 85 of 135 | 37% |
| Profit growth | (16.1) | 0.6 | 86 of 157 | 46% |
| Market cap | 41 | 21 | 66 of 179 | 64% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · AGM extension approved for FY 2025-26, new deadline December 15, 2026 | regulatory legal | low | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 10 Aug 2026 · Board meeting on Aug 14 to approve Q1 FY27 results | results | low | — | — |
| 18 Jul 2026 · Company Secretary Kajal Garg resigns from Danube Industries | management changes | medium | — | — |
| 15 Jul 2026 · As attached | strategic transactions | medium | — | — |
| 15 Jul 2026 · Routine Compliance Filing Under SEBI Regulation 74(5) for Q1 FY27 | compliance | minimal | — | — |
| 30 Jun 2026 · Trading Window Closed Ahead of Q1 FY27 Results | compliance | minimal | — | — |
| 22 Jun 2026 · Fox Petroleum to invest USD 50M in Danube Industries, plan company rename | compliance | low | — | — |
| 9 Jun 2026 · Appointment of Mr. Ajay Kumar Jha(DIN : 01795697) as a Non-Executive, Non Independent (Additional) Director of the Company, Subject to the approval of the Members of the Company with effect .... | management changes | medium | — | — |
| 30 May 2026 · Attached | compliance | minimal | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.