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De Nora

DENORA NSE
₹689.95 −14.55 (−2.07%)
P/E
30.05
View as Markdown
MCP
Close 4 Nov 2026 ₹689.95 −85.85 −11.1% 1Y
Start ₹775.80

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
5.83%
Debt to Equity
0.00
EPS (TTM)
₹22.96
Book Value
₹243.58
Market Cap
—
P/E (TTM)
30.05
P/B
2.83
ROE
2.25%
Dividend Yield
0.57%
EBITDA
₹14.00 Cr
52W High
₹960.35
52W Low
₹559.00
Day Range
₹675.00 – ₹701.00
Volume
15,088

Peer Comparison

Industrials › Industrial Products › Electrodes & Refractories

De Nora peer comparison
Graphite
₹741.4568.02₹14,021 Cr2.420.93%3.11%4.58%₹3,029 Cr₹209 Cr
HEG
₹288.1815.49₹8,779 Cr1.991.41%7.42%8.35%₹2,639 Cr₹358 Cr
Raghav Productivity Enhancers
₹1,808.80117.84₹8,033 Cr29.500.06%24.30%30.30%₹315 Cr₹71 Cr
Vesuvius
₹370.3029.37₹7,540 Cr4.300.41%15.00%21.30%₹2,134 Cr₹257 Cr
RHI Magnesita
₹363.85—₹7,413 Cr2.110.70%2.83%6.46%₹4,074 Cr−₹353 Cr
Monolithisch
₹1,336.90100.97₹2,745 Cr19.120.00%27.80%34.80%₹154 Cr₹29 Cr
IFGL Refractories
₹172.5430.38₹1,228 Cr1.061.29%3.22%4.92%₹1,953 Cr₹41 Cr
De Nora (this company)
₹689.9530.05₹366 Cr2.830.57%2.25%5.83%₹115 Cr₹12 Cr
Median 8 companies₹530.1330.38₹7,477 Cr2.630.64%5.32%7.40%₹2,044 Cr₹56 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 98/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
32
Poor
Cheap vs sector & own history 24% weight
Growth
65
Good
Sales & profit trajectory 9% weight
Financial Health
88
Strong
Solvency, leverage, coverage 9% weight
Momentum
46
Average
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Debtor days have improved from 52.4 to 35.3 days.
  • Company's working capital requirements have reduced from 109 days to 41.4 days

Weaknesses

4
  • Stock is trading at 2.79 times its book value
  • Company has a low return on equity of 5.21% over last 3 years.
  • Earnings include an other income of Rs.8.45 Cr.
  • Dividend payout has been low at 9.68% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1171
OscillatorsNeutral171
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
38.14
Neutral
MACD (12,26,9)
−16.40
Bullish
SMA (50)
755.50
Bearish
SMA (200)
755.22
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y+19.06%
3Y+18.13%
1Y+76.81%
TTM+17.52%

Net profit

Net profit growth by window
10YIrregular period
5Y+8.45%
3Y−23.37%
1Y+350.00%
TTM+491.75%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5Y−5.59%
3Y−5.01%
1Y+300.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y−9.95 pp
3Y−28.04 pp
1Y+7.19 pp
TTM+10.58 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹27.00 Cr
Mar 2018₹27.00 Cr
Mar 2019₹33.00 Cr
Mar 2020₹48.00 Cr
Mar 2021₹51.00 Cr
Mar 2022₹74.00 Cr
Mar 2023₹74.00 Cr
Mar 2024₹74.00 Cr
Mar 2025₹69.00 Cr
Mar 2026₹122 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹3.00 Cr
Mar 2018₹2.00 Cr
Mar 2019₹2.00 Cr
Mar 2020₹8.00 Cr
Mar 2021₹6.00 Cr
Mar 2022₹15.00 Cr
Mar 2023₹20.00 Cr
Mar 2024₹19.00 Cr
Mar 2025₹2.00 Cr
Mar 2026₹9.00 Cr

Quarterly Results

₹ Cr
DENORA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
9.14
19.08
29.4
16.18
12.76
18.13
17.56
20.13
41.97
21.84
35.84
21.97
35.27
21.36
Expenses
9.35
11.44
21.91
9.93
9.82
14.92
28.95
16.3
39.53
17.82
33.36
24.24
29.58
24.66
Operating Profit
−0.21
7.64
7.49
6.25
2.94
3.21
−11.39
3.83
2.44
4.02
2.48
−2.27
5.69
−3.3
OPM %
−2.3%
40.04%
25.48%
38.63%
23.04%
17.71%
−64.86%
19.03%
5.81%
18.41%
6.92%
−10.33%
16.13%
−15.45%
Other Income
1.16
1.14
1.19
1.71
1.34
1.65
1.5
1.37
2.36
1.7
1.43
1.87
3.45
0.37
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0.25
0.25
0.29
0.35
0.4
0.42
0.44
0.45
0.46
0.52
0.52
0.53
0.54
0.54
PBT
0.7
8.53
8.38
7.61
3.88
4.44
−10.32
4.76
4.34
5.2
3.38
−0.93
8.6
−3.47
Tax %
25.71%
25.56%
22.77%
25.76%
25.77%
26.35%
−24.3%
29.68%
25.12%
25.58%
23.89%
−31.18%
25.7%
−25.07%
Net Profit
0.52
6.35
6.48
5.66
2.88
3.28
−7.81
3.34
3.25
3.87
2.57
−0.64
6.39
−2.6
EPS (₹)
0.98
11.96
12.21
10.66
5.43
6.18
−14.71
6.29
6.12
7.29
4.84
−1.21
12.04
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
DENORA profit and loss, annual, ₹ crore
Particulars Dec 2014Mar 2016 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
31
51
27
27
33
48
51
74
74
74
69
122
115
Expenses
25
35
25
25
32
38
42
51
49
52
70
115
105
Operating Profit
5
16
2
2
0
11
8
23
25
21
−1
7
10
OPM %
17%
30%
8%
8%
1.5%
22%
17%
31%
34%
29%
−1.8%
6%
9%
Other Income
2
4
3
3
4
2
2
1
4
5
6
7
8
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
1
1
1
2
3
3
3
3
1
1
2
2
2
PBT
6
18
4
3
2
10
8
21
27
25
3
12
16
Tax %
29%
33%
33%
45%
13%
22%
25%
26%
25%
25%
38%
25%
—
Net Profit
4
12
3
2
2
8
6
15
20
19
2
9
12
EPS (₹)
8.01
22.57
5.61
3.18
3
15.31
10.64
29.1
38.2
35.81
3.18
17.07
22.96
Div. Payout %
19%
18%
36%
31%
0%
0%
9%
3%
5%
6%
0%
23%
—

Balance Sheet

₹ Cr
DENORA balance sheet, annual, ₹ crore
Particulars Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
5
5
5
5
5
5
5
5
5
5
5
Reserves
34
43
47
47
48
56
62
77
96
114
115
124
Borrowings
0
0
0
0
0
1
0
0
0
0
0
0
Other Liabilities
9
12
12
11
12
13
13
12
14
7
22
30
Total Liabilities
49
60
64
63
65
75
80
94
116
127
142
160
Fixed Assets
7
7
7
14
12
10
10
7
8
13
15
18
CWIP
1
2
7
0
0
1
0
1
2
2
3
0
Investments
14
19
20
20
14
5
4
23
42
54
52
57
Other Assets
26
32
29
29
40
60
66
62
64
57
73
84
Total Assets
49
60
64
63
65
75
80
94
116
127
142
160

Cash Flow

₹ Cr
DENORA cash flow, annual, ₹ crore
Particulars Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
10
14
7
2
−6
−7
16
12
14
16
3
12
Investing
−8
−12
−3
−2
7
7
1
−16
−24
−14
1
−3
Financing
−3
−1
−3
−1
−1
1
−1
−1
−1
−1
−1
0
Net Cash Flow
−1
1
1
−2
1
1
16
−5
−10
1
3
9
Free Cash Flow
9
12
3
−2
−7
−8
15
11
11
9
0
8
CFO/EBITDA
213
131
451
163
−1,094
−46
203
74
86
106
−602
248

Ratios

DENORA financial ratios, annual
Particulars Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
139
75
82
64
61
97
79
58
84
51
71
35
Inventory Days
229
130
198
398
516
471
273
288
397
401
413
164
Days Payable
67
80
114
264
182
83
47
37
91
51
81
56
Cash Conversion Cycle
302
125
166
199
396
486
305
309
391
401
403
144
Working Capital Days
144
45
14
48
136
218
156
132
164
157
128
41
ROCE %
16%
41%
9%
6%
4%
18%
12%
28%
30%
22%
1%
6%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view De Nora insights

60 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 53.68%
  • Public 37.67%
  • Others 7.54%
  • FIIs 0.89%
  • DIIs 0.22%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about De Nora

What does DE Nora India Ltd do?
Incorporated in 1989, De Nora India Ltd manufactures and services Electrolytic products
Where is DE Nora India Ltd (DENORA) listed?
DE Nora India Ltd trades as DENORA on the NSE and under code 590031 on the BSE.
Which sector does DE Nora India Ltd belong to?
DE Nora India Ltd is classified under the Industrial Products sector, in the Electrodes & Refractories industry.
What is the PE ratio of DE Nora India Ltd?
DE Nora India Ltd trades at a PE ratio of 30.05 as of 4 Nov 2026, on earnings per share of ₹22.96, against a book value of ₹243.58 per share.
What is the 52-week high and low of DE Nora India Ltd?
Over the last 52 weeks DE Nora India Ltd has traded between ₹559 and ₹960.35 as of 4 Nov 2026.
Does DE Nora India Ltd pay dividends?
DE Nora India Ltd has a dividend yield of 0.57%.
What is the Return on Equity (ROE) of DE Nora India Ltd?
DE Nora India Ltd reported a return on equity of 2.25%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1989, De Nora India Ltd manufactures and services Electrolytic products

Website denora.com
CEO Mr. Vinay Chopra
Employees 45
Listed 7 Aug 1997
Face Value ₹10

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