Dhoot Transmission
- P/E
- 62.73
Key Fundamentals
SmallcapAuto Components & EquipmentsAutomobile and Auto ComponentsPrice-based figures as of · TTM
- ROCE
- 26.00%
- Debt to Equity
- —
- EPS (TTM)
- ₹26.10
- Book Value
- ₹187.43
- Market Cap
- —
- P/E (TTM)
- 62.73
- P/B
- 8.73
- ROE
- 26.20%
- Dividend Yield
- 0.00%
- EBITDA
- ₹750 Cr
- 52W High
- ₹1,735.30
- 52W Low
- ₹1,131.00
- Volume
- 0
Peer Comparison
Consumer Discretionary › Auto Components › Auto Components & Equipments
| ₹159.49 | 38.43 | ₹1,68,660 Cr | 3.98 | 0.37% | 11.20% | 13.40% | ₹1,31,135 Cr | ₹4,556 Cr | |
| ₹50,925.00 | 63.56 | ₹1,48,351 Cr | 10.11 | 0.54% | 14.60% | 21.50% | ₹21,088 Cr | ₹2,363 Cr | |
| ₹1,812.80 | 122.74 | ₹86,739 Cr | 7.65 | 0.48% | 12.00% | 12.60% | ₹17,543 Cr | ₹715 Cr | |
| ₹1,196.90 | 57.49 | ₹67,494 Cr | 10.13 | 0.24% | 19.30% | 19.60% | ₹20,725 Cr | ₹1,291 Cr | |
| ₹893.70 | 74.48 | ₹56,293 Cr | 8.70 | 0.38% | 11.70% | 15.10% | ₹4,514 Cr | ₹746 Cr | |
| ₹3,507.20 | 42.47 | ₹55,555 Cr | 8.92 | 0.99% | 20.80% | 27.90% | ₹10,192 Cr | ₹1,292 Cr | |
| ₹2,250.50 | 71.81 | ₹42,644 Cr | 5.62 | 0.16% | 9.95% | 17.10% | ₹23,754 Cr | ₹1,109 Cr | |
| Dhoot Transmission (this company) | ₹1,637.20 | 62.73 | ₹32,566 Cr | 8.73 | 0.00% | 26.20% | 26.00% | ₹5,739 Cr | ₹464 Cr |
| Median 8 companies | ₹1,725.00 | 63.15 | ₹61,893 Cr | 8.72 | 0.38% | 13.30% | 18.35% | ₹19,134 Cr | ₹1,200 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.
Key Insights
Strengths
2- Company has delivered good profit growth of 44.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
No weaknesses listed
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 3 | 8 | 8 |
| Oscillators | Bearish | 3 | 4 | 2 |
| Moving Averages | Strong Bullish | 0 | 4 | 6 |
Oscillators
Bearish
Overall
Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 62.29
- Neutral
- MACD (12,26,9)
- 13.31
- Bullish
- SMA (50)
- 1,521.93
- Bullish
- SMA (200)
- —
- Neutral
As of
Analyst Rating
5 of 7 analysts rate Buy, 0 Hold, 2 Sell.
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 5Y | +27.52% |
|---|---|
| 3Y | +25.92% |
| 1Y | +34.44% |
Net profit
| 5Y | +46.90% |
|---|---|
| 3Y | +19.19% |
| 1Y | +9.62% |
Operating margin· change in pp
| 5Y | −0.40 pp |
|---|---|
| 3Y | −2.16 pp |
| 1Y | −1.72 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2021 | ₹1,034 Cr |
|---|---|
| Mar 2022 | ₹1,212 Cr |
| Mar 2023 | ₹1,746 Cr |
| Mar 2024 | ₹2,273 Cr |
| Mar 2025 | ₹2,593 Cr |
| Mar 2026 | ₹3,486 Cr |
Net profit by year
| Mar 2021 | ₹25.00 Cr |
|---|---|
| Mar 2022 | ₹32.00 Cr |
| Mar 2023 | ₹101 Cr |
| Mar 2024 | ₹190 Cr |
| Mar 2025 | ₹156 Cr |
| Mar 2026 | ₹171 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Dhoot Transmission Ltd trades at ₹1,637.2 as of 2026-11-04 with a market cap of ₹32,566.1 crore, a trailing P/E of 62.73, and ROE of 16.3%. The company has demonstrated strong compounded profit growth of 45% over five years alongside 28% compounded sales growth over the same period, though its current valuation is elevated relative to earnings.
- Strong 5-year compounded profit growth of 45%, reflecting consistent earnings expansion over a meaningful time horizon
- Robust 5-year compounded sales growth of 28%, indicating sustained top-line momentum and demand for its products
- 3-year average ROE of 29% is well above the current-year ROE of 16.3%, demonstrating a strong historical track record of capital efficiency
- TTM sales growth of 34% shows acceleration beyond the 3-year compounded sales growth rate of 26%, suggesting improving business trajectory
- TTM profit growth of 25% remains healthy, comfortably above inflation and nominal GDP growth rates
- ROCE of 21.97% indicates the company is generating meaningful returns on total capital employed, including debt
- Stock is trading at ₹1,637.2, which is within 5.7% of its 52-week high of ₹1,735.3, reflecting positive price momentum
- Debt-to-equity of 0.7 is moderate, suggesting the company has not over-leveraged its balance sheet while still using debt to fund growth
- Trailing P/E of 62.73 is significantly elevated, implying the market is pricing in very high future growth that may be difficult to sustain
- Zero dividend yield means shareholders are entirely dependent on capital appreciation for returns, with no income cushion during downturns
- Current ROE of 16.3% has declined meaningfully from the 3-year average of 29% and last year's 26%, suggesting possible margin compression or capital dilution
- Debt-to-equity of 0.7 is non-trivial and interest costs could weigh on profitability if rates remain elevated or earnings soften
- TTM profit growth of 25% lags the 5-year compounded profit growth rate of 45%, which may indicate a deceleration trend in earnings growth
- At an EPS of ₹26.1 and a price of ₹1,637.2, any earnings miss or growth disappointment could trigger a sharp de-rating given the premium multiple
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Dhoot Transmission is growing its topline and EBITDA strongly (up 30% YoY), but margin compression of over 300 bps and flat net profit suggest cost headwinds are eating into gains. The small German subsidiary investment signals international ambitions but is pre-revenue with negligible scale. The key watch item going forward is whether the company can arrest margin erosion while sustaining revenue growth.
- EBITDA margin contracts sharply Nov 3
EBITDA margin fell to 14.33% from 17.6% YoY in Q2, a 327 bps contraction despite revenue growth, signaling rising cost pressures.
- Net profit growth stalls Nov 3
Q2 consolidated net profit was flat YoY at ₹1.2 billion, indicating that topline growth is not translating into bottom-line improvement.
- EBITDA up 30% YoY Nov 3
Q2 EBITDA rose 30% to ₹2.61 billion from ₹2 billion in the year-ago quarter, reflecting strong operating momentum at the revenue level.
- German subsidiary expansion Oct 31
Dhoot Transmission invested €2,50,000 (₹2.82 crore) in Dhoot Transmission GmbH to fund working capital and support international expansion.
- German unit still pre-revenue Oct 31
Dhoot Transmission GmbH reported nil turnover for FY26 and net worth of just €45,718.57, indicating the subsidiary is in a very early stage with no meaningful contribution yet.
Quarterly Results
₹ Cr| Particulars | Jun 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|
| Sales | 738 | 988 | 1,077 | 1,264 |
| Expenses | 655 | 895 | 974 | — |
| Operating Profit | 83 | 93 | 104 | — |
| OPM % | 11% | 9% | 10% | — |
| Other Income | 2 | 2 | 3 | — |
| Interest | 16 | 16 | 9 | 9 |
| Depreciation | 15 | 20 | 21 | 22 |
| PBT | 55 | 59 | 77 | 24 |
| Tax % | 25% | 23% | 26% | 42% |
| Net Profit | 41 | 45 | 57 | 14 |
| EPS (₹) | 204 | 2.41 | 3.04 | — |
Sep 2026: from the results filed on 4 Nov 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 1,034 | 1,212 | 1,746 | 2,273 | 2,593 | 3,486 |
| Expenses | 926 | 1,084 | 1,534 | 1,934 | 2,288 | 3,136 |
| Operating Profit | 108 | 128 | 213 | 339 | 305 | 350 |
| OPM % | 10% | 11% | 12% | 15% | 12% | 10% |
| Other Income | 2 | 2 | 4 | 8 | 14 | 10 |
| Interest | 41 | 37 | 40 | 39 | 46 | 64 |
| Depreciation | 36 | 38 | 49 | 54 | 56 | 68 |
| PBT | 34 | 54 | 128 | 253 | 216 | 228 |
| Tax % | 25% | 41% | 21% | 25% | 28% | 25% |
| Net Profit | 25 | 32 | 101 | 190 | 156 | 171 |
| EPS (₹) | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | 9.07 |
| Div. Payout % | 7% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | — |
| Reserves | 198 | 230 | 324 | 513 | 667 | — |
| Borrowings | 444 | 371 | 319 | 356 | 482 | — |
| Other Liabilities | 209 | 225 | 281 | 283 | 430 | — |
| Total Liabilities | 869 | 843 | 941 | 1,170 | 1,596 | — |
| Fixed Assets | 337 | 349 | 386 | 390 | 513 | — |
| CWIP | 11 | 15 | 1 | 26 | 82 | — |
| Investments | 75 | 89 | 89 | 126 | 210 | — |
| Other Assets | 446 | 391 | 466 | 628 | 791 | — |
| Total Assets | 869 | 843 | 941 | 1,170 | 1,596 | — |
Cash Flow
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 20 | 174 | 182 | 121 | 224 | — |
| Investing | −33 | −74 | −72 | −107 | −287 | — |
| Financing | 13 | −109 | −99 | −28 | 58 | — |
| Net Cash Flow | 0 | −9 | 11 | −14 | −4 | — |
| Free Cash Flow | −21 | 119 | 122 | 52 | 12 | — |
| CFO/OP | 24 | 147 | 101 | 54 | 96 | — |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 62 | 53 | 41 | 53 | 61 | — |
| Inventory Days | 80 | 63 | 51 | 43 | 47 | — |
| Days Payable | 74 | 68 | 59 | 52 | 68 | — |
| Cash Conversion Cycle | 67 | 48 | 33 | 44 | 40 | — |
| Working Capital Days | −8 | −9 | −6 | 5 | −4 | — |
| ROCE % | — | 14% | 26% | 37% | 25% | — |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dhoot Transmission insights
47 extracted metrics across FY21–FY27.
Documents
Frequently Asked Questions about Dhoot Transmission
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Company Information
Dhoot Transmission Limited is a global Tier-1 manufacturer of integrated electrical systems, specialising across eight product families: wiring and cable systems, interconnect components, mechanical control systems, electronics and sensors, EV systems, switches and interfaces, protection and insulation, and power solutions. From a single facility to a global network of manufacturing and engineering operations, the company delivers integrated electrical systems across automotive, electric vehicles, industrial equipment, agriculture, marine, railways, medical devices, and consumer applications.
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