Diamond Power Infrastructure logo

Diamond Power Infrastructure

DIACABS NSE

Key Fundamentals

SmallcapCables - PowerCables
Market Cap
₹20,693 Cr
Volatility
Moderate
P/E Ratio
106.97
EBITDA
₹224 Cr
Return on Equity
-3.93%
Debt to Equity
0
Book Value
₹16.88
52W High
₹379
52W Low
₹115.57

Tapetide Score

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

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 52.0% CAGR over last 5 years

Weaknesses

2
  • Debtor days have increased from 67.6 to 82.9 days.
  • Working capital days have increased from 45.4 days to 68.1 days

Growth Rate

Revenue Growth
71.17% lower than 3Y
Net Income Growth
361% higher than 3Y
Cash Flow Change
390% higher than 3Y
ROE
125% higher than 3Y
ROCE
94.97% higher than 3Y
EBITDA Margin (Avg.)
93.37% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2h ago
AI opinion · based on fundamentals
Risk high

Diamond Power Infrastructure (DIACABS) has delivered explosive TTM sales growth of 96% and profit growth of 397%, propelling its market cap to ₹20,693 Cr. However, the stock trades at an elevated PE of 109.3x and PB of 20.85x, while working capital efficiency has deteriorated with debtor days rising from 67.6 to 82.9 days.

Bull Case 8
  • TTM sales growth of 96% signals strong demand momentum in the cables and power infrastructure segment
  • TTM profit growth of 397% demonstrates significant operating leverage and margin expansion as revenues scale
  • 5-year compounded profit CAGR of 52% reflects a sustained earnings trajectory, not just a one-off spike
  • 3-year compounded sales CAGR of 401% indicates the company has undergone a structural step-up in revenue base
  • Stock price CAGR of 145% over 1 year and 390% over 5 years reflects strong market recognition of the growth story
  • Company is expected to deliver a good upcoming quarter, suggesting near-term earnings momentum remains intact
  • India's push for power infrastructure upgrades, renewable energy transmission, and electrification provides a large addressable market tailwind for cable manufacturers
  • Market cap of ₹20,693 Cr positions the company as a mid-to-large player in the cables sector, potentially attracting broader institutional interest
Bear Case 8
  • PE ratio of 109.3x is significantly above the sector average for cable companies, leaving little room for execution misses
  • Price-to-book of 20.85x implies the market is pricing in years of high growth, creating substantial downside risk if growth decelerates
  • 10-year compounded sales CAGR of -1% reveals that the recent surge follows a prolonged period of stagnation or decline, raising questions about long-term consistency
  • Debtor days have increased from 67.6 to 82.9 days, indicating customers are taking longer to pay and cash conversion is weakening
  • Working capital days have risen from 45.4 to 68.1 days, suggesting the company needs more capital tied up to fund each rupee of revenue
  • Zero dividend yield indicates all earnings are being retained, offering no income cushion to shareholders during potential corrections
  • Key profitability ratios such as ROE, ROCE, and debt-to-equity are unavailable, limiting visibility into capital efficiency and financial leverage
  • 10-year compounded profit CAGR of only 10% contrasts sharply with recent explosive growth, suggesting the current trajectory may not be sustainable over a full business cycle

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 1
  • MPS breach fines from exchanges Aug 19

    BSE and NSE each levied ₹4.55 lakh penalties for non-compliance with minimum public shareholding norms in Q2FY27. Issue was rectified via QIP, raising public stake to 25.97%.

Positives 4
  • Q1FY27 profit surges 191% YoY Aug 21

    Revenue rose 129% YoY to ₹690 crore and net profit jumped 191% in Q1FY27, backed by higher utilization and a robust order book of ₹3,688 crore.

  • NCLT exit one year early Sep 11

    Prepaid the ₹2,401 crore resolution plan (₹501 crore cash + ₹1,900 crore in 30-year bonds) ahead of schedule. Entire gross block is now unencumbered and the company is eligible for credit ratings and bank financing.

  • Copper cable line commissioned Aug 20

    A 1,500 MT/month copper cable manufacturing line in Vadodara has been commissioned, marking entry into high-realisation copper conductors for data centres and power plants.

  • ₹76 crore Gujarat EHV order Sep 4

    Secured a ₹76.06 crore order for supply of 66 KV EHV underground cables for transmission infrastructure in Gujarat.

Neutral 2
  • 34th AGM on Sep 25 Sep 2

    AGM scheduled for September 25, 2026 with key agenda items including appointment of Umeshkumar Chhaya as Whole-time Director and registered office shift to Ahmedabad.

  • FY26 BRSR report filed Sep 2

    Submitted the Business Responsibility and Sustainability Report for FY26 covering environmental metrics, employee welfare, and governance disclosures.

TL;DR: Diamond Power is executing strongly — Q1FY27 delivered 129% revenue growth and 191% profit growth on the back of a ₹3,688 crore order book, and the early NCLT exit unlocks access to formal credit and bank financing. Capacity expansion via the new copper cable line positions it well for data centre and power plant demand. The MPS penalty is minor and already resolved. The trend is clearly improving, and the key monitorable is whether the order pipeline sustains this revenue trajectory.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
74
75
60
134
224
250
307
334
304
445
481
715
707
Expenses
63
64
57
116
200
237
291
320
274
404
421
649
640
Operating Profit
11
10
3
18
24
13
16
14
29
41
60
65
68
OPM %
15%
14%
5%
13%
11%
5%
5%
4.1%
10%
9%
12%
9%
10%
Other Income
0
-1
-1
3
0
0
0
0
-3
0
0
2
7
Interest
1
2
2
1
3
4
5
1
3
9
7
6
6
Depreciation
5
5
5
5
5
5
5
5
7
7
7
8
11
PBT
6
2
-5
14
17
4
6
8
15
25
46
53
57
Tax %
0%
0%
0%
-1%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
6
2
-5
14
17
4
6
8
15
25
46
54
57
EPS in Rs
0.1
0.04
-0.1
0.27
0.31
0.08
0.12
0.15
0.29
0.48
0.87
1.02
1.08
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,740
2,126
2,674
2,369
2,045
1,131
0
0
15
343
1,115
1,944
2,348
Expenses
1,547
1,907
2,412
2,252
2,055
1,778
2
3
39
301
1,048
1,749
2,114
Operating Profit
193
219
262
117
-11
-647
-2
-3
-24
43
67
196
234
OPM %
11%
10%
10%
4.9%
-0.5%
-57%
—
-5560%
-153%
12%
6%
10%
10%
Other Income
3
6
7
-20
7
125
0
0
0
0
1
-8
9
Interest
49
86
112
159
223
191
6
7
1
7
13
26
29
Depreciation
24
33
35
48
57
94
16
16
19
20
20
29
33
PBT
123
107
122
-110
-284
-808
-24
-25
-43
17
35
132
181
Tax %
12%
14%
15%
5%
-5%
-2%
0%
0%
0%
-1%
0%
0%
—
Net Profit
108
92
104
-116
-269
-795
-24
-25
-43
17
35
133
182
EPS in Rs
2.18
1.86
1.93
-2.14
-4.73
-2.95
-0.09
-0.09
-0.81
0.32
0.66
2.52
3.45
Div. Payout %
14%
4%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
37
37
54
54
57
270
270
270
53
53
53
53
Reserves
570
665
867
786
564
387
-866
-891
-1,033
-1,026
-931
-667
Borrowings
696
1,131
1,277
1,892
2,206
1,605
1,977
1,978
367
456
463
2,460
Other Liabilities
293
511
546
237
544
194
611
623
2,019
2,035
2,201
503
Total Liabilities
1,596
2,344
2,744
2,968
3,371
2,456
1,992
1,980
1,407
1,518
1,785
2,348
Fixed Assets
345
319
489
437
1,339
1,246
1,103
1,087
1,070
1,057
1,168
1,168
CWIP
208
387
442
679
125
128
188
188
188
198
112
133
Investments
17
17
17
17
17
17
12
12
0
0
3
3
Other Assets
1,025
1,622
1,795
1,835
1,889
1,065
689
692
149
263
503
1,043
Total Assets
1,596
2,344
2,744
2,968
3,371
2,456
1,992
1,980
1,407
1,518
1,785
2,348
Figures in ₹ Crores

Cash Flow

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-25
-123
106
-322
-148
-254
4
9
-1,953
16
81
-12
Investing
-157
-174
-259
-179
-102
45
0
-1
20
-19
-72
-154
Financing
191
341
152
500
260
210
-4
-6
1,936
4
-6
72
Net Cash Flow
9
44
-1
-1
10
1
0
2
3
1
3
-94
Free Cash Flow
-179
-293
-159
-510
-231
-258
4
9
-1,955
-1
36
-64
CFO/OP
-13
-56
47
-261
1,382
39
-172
-323
8,260
37
120
-6
Figures in ₹ Crores

Ratios

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
42
69
32
79
140
113
—
—
155
62
57
83
Inventory Days
147
171
182
181
153
127
—
—
1,487
176
81
79
Days Payable
58
89
18
25
77
13
—
—
627
151
78
88
Cash Conversion Cycle
130
150
196
234
216
228
—
—
1,016
87
60
73
Working Capital Days
42
41
44
97
50
42
—
—
2,264
59
9
68
ROCE %
15%
12%
12%
3%
-2%
-29%
—
-1%
-11%
—
—
24%

Insights

Beta

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

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Shareholding Pattern

DIIs0.24%Promot.84.02%FIIs1.76%Others4.26%Public9.72%As ofJun 2026

Documents

1
Concall - May 2026 May 2026
2
Concall - Aug 2025 Aug 2025
3
Concall - Aug 2025 Aug 2025
4
Concall - Jun 2025 Jun 2025
5
Concall - Feb 2024 Feb 2024

Frequently Asked Questions about Diamond Power Infrastructure

What does Diamond Power Infrastructure Ltd do?
Diamond Power Infrastructure Limited is engaged in the business of manufacturing of Transmission & distribution of power products & services in India.[1]
Where is Diamond Power Infrastructure Ltd (DIACABS) listed?
Diamond Power Infrastructure Ltd trades as DIACABS on the NSE and under code 522163 on the BSE.
Which sector does Diamond Power Infrastructure Ltd belong to?
Diamond Power Infrastructure Ltd is classified under the Cables sector, in the Cables - Power industry.
What is the market capitalisation of Diamond Power Infrastructure Ltd?
Diamond Power Infrastructure Ltd has a market capitalisation of ₹20,693 Cr, which places it in the Large Cap band.
What is the PE ratio of Diamond Power Infrastructure Ltd?
Diamond Power Infrastructure Ltd trades at a PE ratio of 106.97, against a book value of ₹16.88 per share.
What is the 52-week high and low of Diamond Power Infrastructure Ltd?
Over the last 52 weeks Diamond Power Infrastructure Ltd has traded between ₹115.57 and ₹379.
What is the Return on Equity (ROE) of Diamond Power Infrastructure Ltd?
Diamond Power Infrastructure Ltd reported a return on equity of -3.93%. Its debt-to-equity ratio is 0.00.

Company Information

Diamond Power Infrastructure Limited is engaged in the business of manufacturing of Transmission & distribution of power products & services in India.[1]

Website dicabs.com
CEO Ms. Diksha Sharma
Employees 150
Listed 2023-09-15
Face Value ₹ 1
Issued Size 52,69,71,060

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