---
title: "Denso India (DENSO) Financials & Shareholding"
symbol: "DENSO"
company: "Denso India Ltd"
canonical: "https://tapetide.com/stocks/DENSO"
nse_symbol: "DENSO"
generated_at: "2026-11-05T01:44:17.964Z"
---

# Denso India (DENSO)

Canonical page: https://tapetide.com/stocks/DENSO

## Key Facts

- **Revenue, Jun 2013 quarter:** ₹318 Cr, against ₹311 Cr in Jun 2012 (+2.25% year on year)
- **Net profit, Jun 2013 quarter:** -₹14 Cr, against -₹22 Cr in Jun 2012

## Company

- **NSE symbol:** DENSO
- **In the F&O segment:** No

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 10Y | 5.33% | compounded annual rate, Mar 2015 to Mar 2025 |
| Revenue | 5Y | 9.84% | compounded annual rate, Mar 2020 to Mar 2025 |
| Revenue | 3Y | Irregular period | compounded annual rate, Mar 2022 to Mar 2025. A period in this window is not a full year or quarter, or the year-end changed, so the periods do not compare. |
| Revenue | 1Y | 4.33% | fiscal year to Mar 2025 vs the year to Mar 2024 |
| Net profit | 10Y | Turned to profit | compounded annual rate, Mar 2015 to Mar 2025: -₹56.00 Cr to ₹62.00 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 5Y | Turned to profit | compounded annual rate, Mar 2020 to Mar 2025: -₹27.00 Cr to ₹62.00 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 3Y | Irregular period | compounded annual rate, Mar 2022 to Mar 2025. A period in this window is not a full year or quarter, or the year-end changed, so the periods do not compare. |
| Net profit | 1Y | -39.81% | fiscal year to Mar 2025 vs the year to Mar 2024 |
| Operating cash flow | 10Y | 9.46% | compounded annual rate, Mar 2015 to Mar 2025 |
| Operating cash flow | 5Y | 23.12% | compounded annual rate, Mar 2020 to Mar 2025 |
| Operating cash flow | 3Y | Irregular period | compounded annual rate, Mar 2022 to Mar 2025. A period in this window is not a full year or quarter, or the year-end changed, so the periods do not compare. |
| Operating cash flow | 1Y | -26.58% | fiscal year to Mar 2025 vs the year to Mar 2024 |
| Operating margin | 10Y | +10.97 pp | compounded annual rate, Mar 2015 to Mar 2025 |
| Operating margin | 5Y | +7.34 pp | compounded annual rate, Mar 2020 to Mar 2025 |
| Operating margin | 3Y | Irregular period | compounded annual rate, Mar 2022 to Mar 2025. A period in this window is not a full year or quarter, or the year-end changed, so the periods do not compare. |
| Operating margin | 1Y | +1.28 pp | fiscal year to Mar 2025 vs the year to Mar 2024 |

Trailing twelve months: The latest quarterly results are more than a year old.

## Financial Statements

### Quarterly Results

Results for the period ended Sep 2013 were due by 14 Nov 2013 and are not in this table yet.

Figures in ₹ crore unless the row name gives another unit.

| Item | Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 207 | 224 | 231 | 266 | 237 | 233 | 245 | 322 | 311 | 254 | 306 | 348 | 318 |
| Expenses | 202 | 219 | 226 | 255 | 240 | 242 | 257 | 323 | 331 | 274 | 307 | 345 | 321 |
| Operating Profit | 5 | 6 | 5 | 11 | -3 | -9 | -12 | -1 | -20 | -20 | -2 | 3 | -4 |
| OPM % | 2.6% | 2.6% | 2.1% | 4.1% | -1.4% | -4% | -5% | -0.3% | -6% | -8% | -0.5% | 1% | -1.1% |
| Other Income | 1 | 1 | 0 | 1 | 1 | -3 | 2 | 3 | 9 | 2 | 84 | 8 | 2 |
| Interest | 0 | 0 | 0 | 1 | 2 | 3 | 4 | 3 | 2 | 2 | 4 | 0 | 3 |
| Depreciation | 5 | 5 | 6 | 7 | 8 | 9 | 10 | 12 | 10 | 11 | 8 | 9 | 9 |
| Profit before tax | 2 | 1 | -1 | 4 | -12 | -24 | -24 | -12 | -23 | -31 | 70 | 2 | -13 |
| Tax % | 6% | -16% | 191% | 36% | -3% | -1% | 5% | 0% | -4% | 3% | 3% | 152% | 1% |
| Net Profit | 1 | 1 | -3 | 2 | -11 | -23 | -26 | -12 | -22 | -32 | 68 | -1 | -14 |
| EPS in Rs | 0.51 | 0.37 | -0.99 | 0.82 | -3.98 | -8.36 | -9.15 | -4.45 | -7.82 | -11.44 | 24.28 | -0.47 | -4.88 |

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 922 | 1,030 | 1,215 | 1,200 | 1,004 | 940 | 1,040 | 1,215 | 1,184 | 1,055 | 1,617 | 1,687 |
| Expenses | 896 | 1,056 | 1,259 | 1,209 | 1,009 | 904 | 975 | 1,116 | 1,128 | 1,024 | 1,470 | 1,512 |
| Operating Profit | 26 | -26 | -44 | -9 | -6 | 36 | 65 | 99 | 56 | 32 | 147 | 175 |
| OPM % | 2.8% | -2.5% | -3.6% | -0.8% | -0.6% | 3.9% | 6% | 8% | 4.7% | 3% | 9% | 10% |
| Other Income | 4 | 3 | 109 | 11 | 16 | 3 | 7 | 9 | 13 | 8 | 16 | -24 |
| Interest | 2 | 12 | 8 | 19 | 20 | 19 | 15 | 12 | 12 | 17 | 16 | 10 |
| Depreciation | 23 | 38 | 38 | 39 | 46 | 47 | 46 | 43 | 36 | 38 | 54 | 55 |
| Profit before tax | 5 | -72 | 19 | -56 | -56 | -26 | 10 | 54 | 21 | -15 | 94 | 86 |
| Tax % | 61% | 1% | 33% | 1% | 0% | 0% | 0% | 0% | 0% | 74% | -10% | 27% |
| Net Profit | 2 | -72 | 13 | -56 | -56 | -26 | 10 | 54 | 21 | -27 | 103 | 62 |
| EPS in Rs | 0.72 | -25.9 | 4.59 | -20.19 | -19.98 | -9.47 | 3.77 | 19.37 | 7.46 | -9.54 | 37.02 | 22.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Reserves | 181 | 109 | 122 | 66 | 10 | -9 | 2 | 56 | 77 | 50 | 206 | 237 |
| Borrowings | 70 | 129 | 213 | 274 | 280 | 220 | 192 | 127 | 218 | 290 | 161 | 129 |
| Other Liabilities | 188 | 348 | 246 | 208 | 165 | 181 | 181 | 238 | 228 | 228 | 271 | 269 |
| Total Liabilities | 467 | 614 | 609 | 576 | 483 | 423 | 405 | 451 | 552 | 599 | 668 | 665 |
| Fixed Assets | 143 | 151 | 170 | 194 | 178 | 155 | 126 | 116 | 106 | 255 | 189 | 163 |
| CWIP | 18 | 5 | 17 | 5 | 13 | 2 | 5 | 3 | 78 | 12 | 6 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 306 | 459 | 422 | 376 | 292 | 266 | 275 | 332 | 368 | 332 | 473 | 495 |
| Total Assets | 467 | 614 | 609 | 576 | 483 | 423 | 405 | 451 | 552 | 599 | 668 | 665 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | -33 | -76 | -28 | -34 | 47 | 23 | 36 | 108 | 48 | 41 | 158 | 116 |
| Cash from Investing Activity | -79 | 48 | 0 | -52 | -32 | -11 | -20 | -30 | -84 | -131 | -36 | -41 |
| Cash from Financing Activity | 52 | 70 | -11 | 84 | -17 | -10 | -15 | -78 | 80 | 58 | -122 | -74 |
| Net Cash Flow | -60 | 42 | -40 | -2 | -2 | 2 | 0 | 0 | 43 | -32 | 0 | 2 |
| Free Cash Flow | -116 | -164 | -33 | -90 | 10 | 10 | 14 | 77 | -42 | -91 | 122 | 85 |
| CFO/EBITDA | -121 | 288 | 72 | 403 | -846 | 64 | 56 | 116 | 94 | 134 | 125 | 87 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 30 | 40 | 41 | 42 | 39 | 44 | 47 | 48 | 38 | 37 | 40 | 41 |
| Inventory Days | 81 | 72 | 70 | 41 | 51 | 60 | 49 | 50 | 58 | 79 | 73 | 66 |
| Days Payable | 79 | 78 | 73 | 55 | 57 | 70 | 60 | 67 | 58 | 66 | 63 | 55 |
| Cash Conversion Cycle | 31 | 34 | 38 | 28 | 34 | 34 | 36 | 31 | 38 | 49 | 50 | 52 |
| Working Capital Days | 32 | 5 | 44 | 27 | 37 | 31 | 29 | 24 | 24 | 32 | 9 | 8 |
| ROCE % | 3% | -21% | -18% | -10% | -11% | -3% | 11% | 29% | 11% | 0% | — | 33% |

## Documents

### Annual reports

Latest 12 of 15.

| Year | Report |
| --- | --- |
| FY2016 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/DENSO_INDIA_LTD-520022-MARCH-2016.PDF) |
| FY2015 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/DENSO_INDIA_LTD-520022-MARCH-2015.PDF) |
| FY2013 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220313.pdf) |
| FY2012 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220312.pdf) |
| FY2011 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220311.pdf) |
| FY2010 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220310.pdf) |
| FY2009 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/DENSO_INDIA_LTD-520022-MARCH-2009.PDF) |
| FY2008 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2008/DENSO_INDIA_LTD-520022-MARCH-2008.PDF) |
| FY2007 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2007/DENSO_INDIA_LTD-520022-MARCH-2007.PDF) |
| FY2006 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2006/DENSO_INDIA_LTD-520022-MARCH-2006.PDF) |
| FY2005 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2005/DENSO_INDIA_LTD-520022-MARCH-2005.PDF) |
| FY2004 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2004/DENSO_INDIA_LTD-520022-MARCH-2004.PDF) |

## Frequently Asked Questions about Denso

### What does Denso India Ltd do?

Denso India is engaged in the business of manufacturing automotive components and primarily sells to Original Equipment Manufacturers in India as well as overseas.

### Where is Denso India Ltd (DENSO) listed?

Denso India Ltd trades as DENSO on the NSE.

## Company Information

Denso India is engaged in the business of manufacturing automotive components and primarily sells to Original Equipment Manufacturers in India as well as overseas.

- **Website:** https://denso.co.in/
- **Face Value:** ₹10

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:14 IST.