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NSE:DENORA

DE NORA INDIA LIMITED

Capital Goods › Industrial Products
₹704.00
at close · 28 Oct 2026
▲ 14.15 (+2.05%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Board meeting on Nov 3 to approve Q2 and H1 FY27 results · Results
  2. De Nora India files quarterly share capital reconciliation audit report · Compliance
  3. Routine filing of dematerialization certificate for July-September 2026 quarter · Compliance
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 industrial electrodes and water treatment technologies from its registered office in Kundaim, Goa, classified under the basic industry Electrodes & Refractories. The business reports two segments: Electrode Technologies, which made up 95.3% of segment revenue in the quarter ended June 30, 2023, and Water Technologies, which contributed 4.7%. The company is a subsidiary of Italian parent Industrie De Nora S.p.A., with promoter Oronzio De Nora International B.V. holding 53.67% of the equity. Materials are the largest cost line at 54.6% of revenue, followed by other operating expenses at 32.5% and employee costs at 5.7%. A warranty provision of Rs 1,389.25 lakhs was recognised during FY26, and the Board has recommended a dividend of Rs 4 per equity share subject to shareholder approval. Q1 FY27 (quarter ended June 30, 2026) brought in revenue of Rs 3,527 lakhs and a profit after tax of Rs 639 lakhs.

Revenue mix · reported segments
Electrode Technologies95.3%
Water Technologies4.7%
Operating scale
FY26 revenue from operations
Rs 12,162.31 lakhsFY26
FY26 profit after tax
Rs 905.54 lakhsFY26
Total assets
Rs 159.8 croreFY26
Promoter holding
53.67% (Oronzio De Nora International B.V.)FY26
Dividend recommended
Rs 4 per equity share (40% payout)FY26
Registered office / manufacturing location
Kundaim, GoaFY26
Who pays it
Industrial buyers of electrodes and water treatment products; related-party transactions are carried out with Italian parent Industrie De Nora S.p.A.
Biggest cost
Materials at 54.6% of revenue (FY26).
Kind of business
Capital Goods / Industrial Products manufacturer of electrodes and water treatment technologies; subsidiary of Italian parent Industrie De Nora S.p.A.
Where it sits
Basic industry classified as Electrodes & Refractories; promoter group Industrie De Nora Italy controls 53.67% of equity through Oronzio De Nora International B.V.
Market Cap
₹374 Cr
P / E (TTM)
30.6×
EV / EBITDA
19.4×
Div Yield
—
Growth
19.2%▲
Revenue 5y CAGR
PAT +9.9% · EBITDA +6.6%
Quality
21.1%▲
ROCE (5y median)
ROE 15.9% (5y median) · margin 11.5%
Leverage
0.00·
Debt / Equity · low
Net cash ₹17 Cr
Revenue FY21→FY26
2.4×▲
Margin −3.7 pts
₹51 Cr → ₹122 Cr
Cash conversion
0.88×·
Operating cash ÷ profit · 5 yrs
₹57 Cr on ₹65 Cr
Moves on a normal day
1.44%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 10 Electrodes & Refractories peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#6/9
P/B#7/10
ROCE#5/11
ROE#6/10
Debt / Equity#1/10
EBITDA margin#5/11
Revenue growth#10/11
Profit growth#3/11

Scorecard

Measured from the filed financials, judged against its Electrodes & Refractories peers · as of FY26 — not investment advice

Strengths
Revenue compounding 19% a year over 5 years
Returns on capital 21.1% (5-year median)
#5 of 11 in Electrodes & Refractories on the latest reported figures · down from 11.3% in FY21
No borrowings on the balance sheet
lower than 67% of its 10 Electrodes & Refractories peers
Concerns
Nothing flagged in the filed numbers.

Charts

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

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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 DE NORA INDIA LIMITED's filed financials and exchange disclosures

What does DE NORA INDIA LIMITED do?

DE NORA INDIA LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol DENORA.

Is DE NORA INDIA LIMITED profitable?

Yes. Over the trailing twelve months DE NORA INDIA LIMITED reported a net profit of ₹12 Cr on revenue of ₹115 Cr.

Does DE NORA INDIA LIMITED pay a dividend?

Not in the latest reported year — DE NORA INDIA LIMITED's dividend payout for FY26 was nil.

Is DE NORA INDIA LIMITED debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹17 Cr of cash.

Is DE NORA INDIA LIMITED expensive compared with its peers?

On trailing P/E, DE NORA INDIA LIMITED ranks 6 of 9 in Electrodes & Refractories — cheaper than 38% of them, against an industry median of 30.3×. This is a position, not a valuation judgement.

How much does the DE NORA INDIA LIMITED share price move in a day?

On a typical session DE NORA INDIA LIMITED moves 1.44% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are DE NORA INDIA LIMITED's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track DE NORA INDIA LIMITED's announcements?

Every NSE and BSE filing by DE NORA INDIA LIMITED 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.