NSE: DISAQ · BSE: 500068
DISA INDIA LTD.
Designs and builds complete foundry systems at a manufacturing facility in Tumkur, Karnataka, including moulding machines, sand mixers, sand plant equipment, surface preparation machines, and environmental control systems. Products are customised and project-based, and are sold largely to Indian metal-casting operations, with exports making up 16.83% of FY26 sales. Order backlog stood at Rs 2,284 million as of March 31, 2026. A new Tumkur plant commenced commercial production on June 1, 2026, backed by a Rs 56 crore capital outlay funded entirely from internal accruals. The Indian entity is the local arm of Denmark-based DISA Industries A/S, and shareholders have cleared related-party transactions with the parent of up to Rs 1,200 million for FY27. Materials account for 53.1% of FY26 revenue, employees 11.0%, and other operating expenses 14.8%, yielding an EBITDA margin of 18.2% on Rs 425.1 crore of revenue. The company carries no debt on its books. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Moulding machines, Sand plant equipment and sand mixers, Surface preparation machines, Environmental control systems. Customised, project-based capital equipment maker for the foundry industry; zero-debt balance sheet
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 256 | 262 | 329 | 390 | 425 |
| EBITDA (ex other income) | 46 | 35 | 48 | 55 | 63 |
| margin % | 18.0 | 13.3 | 14.5 | 14.0 | 14.9 |
| Owners' profit | 39 | 30 | 48 | 50 | 54 |
| EPS, as reported (₹) | 265.37 | 204.72 | 294.87 | 346.72 | 368.72 |
| ROE % · ROCE % | 18.7 · 25.2 | 13.6 · 18.4 | 17.4 · 23.7 | 18.9 · 20.2 | 17.6 · 18.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 27 | 39 | 56 | 33 | 13 |
| Capex | (15) | (15) | (5) | (22) | (29) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 87 | 99 | 108 | 102 | 104 | 129 | 91 |
| Profit before tax | 21 | 17 | 13 | 18 | 18 | 17 | 20 | 18 |
| Net profit | 15 | 12 | 10 | 13 | 13 | 12 | 15 | 13 |
| EPS (₹) | 104.46 | 85.88 | 68.90 | 87.47 | 89.67 | 83.89 | 104.52 | 90.63 |
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. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.2 | 26.7 | 73 of 130 | 44% |
| P/B | 5.5 | 3.1 | 79 of 112 | 30% |
| ROCE | 18.4 | 11.3 | 37 of 142 | 75% |
| ROE | 17.6 | 9.8 | 19 of 113 | 84% |
| Debt / Equity | 0.0 | 0.2 | 1 of 113 | 80% |
| EBITDA margin | 21.0 | 12.4 | 27 of 110 | 76% |
| Revenue growth | (16.2) | 20.6 | 100 of 114 | 12% |
| Profit growth | 3.6 | 17.1 | 65 of 109 | 41% |
| Market cap | 1668 | 273 | 36 of 141 | 75% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Routine SEBI compliance certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 18 Sept 2026 · Trading window closure ahead of September quarter results | compliance | minimal | — | — |
| 13 Aug 2026 · AGM 2026: All resolutions passed; final dividend of Rs 200 per share declared | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 results - revenue and profit decline YoY | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Revenue Down 14% YoY, PAT at Rs. 106.9M; Office Shift | results | high | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Revenue down 14% YoY, PAT at Rs 106.9M | results | high | — | — |
| 12 Aug 2026 · DISA India Q1 FY27: Revenue dips 14%, PAT at Rs. 107M | results | high | — | — |
| 6 Aug 2026 · Board meeting on Aug 12, 2026 to consider Q1 FY27 results | board shareholder meetings | low | — | — |
| 21 Jul 2026 · Newspaper ad for 41st AGM notice, e-voting and book closure | compliance | minimal | — | — |
| 20 Jul 2026 · DISA India files BRSR for FY 2025-26 | compliance | low | — | — |
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.