DEL share price, P/E, ROE & financials

On 6 Nov 2026, Dhanashree Electronics was priced at ₹104.25, or 57.3× trailing earnings, against an industry P/E of 30.0×, and the shares are 66% below their 52-week high. Sales and net profit grew 33% and 11% a year over 3 years; its ROCE of 11% is the lowest among the 7 largest Electrical Equipment & Parts peers. Debt is 0.51× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹148 Cr, ranked 76th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 49% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹102.25
Day high: ₹104.25
Day low: ₹101.00
Prev. close: ₹102.25
Volume: 1.1K

Health check

2 fair · 4 to check

ReturnsBehind
−48.8% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 57.3 vs industry 30.0.
GrowthSteady
Sales +33.2%, profit +11.1% a year over 3 years.
ProfitabilityWeak
ROCE 10.8% vs peer median 22.1%.
Balance sheetFair
Debt 0.51× equity, interest covered 1.7×, Piotroski 5 of 9.
Red flags5 to check
Return on equity is low at 6.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹148 Cr, #76 of 97 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹109 Cr · profit ₹3 Cr

Market cap: ₹148 Cr; Small cap
P/E: 57.3; Industry 30.0
Price to book: 2.11; Peers 7.24
Dividend yield: 0.10%
ROE: 6.6%; Peers 18.0%
ROCE: 10.8%; Peers 22.1%
Debt to equity: 0.51; Debt ₹35 Cr
EPS (TTM): ₹1.82
OPM (TTM): −0.7%; Net margin 3.2%
Sales growth: −11.3%; Latest quarter vs a year ago
Profit growth: −24.4%; Latest quarter vs a year ago
Price to sales: 1.36; EV/EBITDA −265.6

Risks to check

Return on equity is low at 6.6%.
Quarterly profit down 24.4% on a year ago.
Quarterly sales down 11.3% on a year ago.
P/E of 57.3 against an industry P/E of 30.0.
66% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Dhanashree Electronics

Dhanashree Electronics Limited engages in the manufacture, supply, marketing, and sale of lighting products under the Rashmi brand in India. The company offers home, retail and office, outdoor and industrial, LED garden, and solar lighting solutions, as well as SPCL products and solutions. It also provides LED products, including lamps, downlighters, panel lights, streetlights, flood lights, battens, and decorative luminaires. In addition, the company…

Headquarters: Kolkata
Sector: Industrials
ISIN: INE413F01016
Website: rashmilighting.com

Price range

52 weeks

₹100.00₹302.75

Today

₹101.00₹104.25

Avg volume (3M): 398
1-year return: minus 48.8%
From 52-week high: minus 65.6%

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
POWERINDIAHitachi Energy India	27,800.00	minus 1.42%	1,23,911	107.7	95.3	24.9%	16.1%	0.02	22.2%	plus 37.9%
CGPOWERCG Power and Industrial Solutions	773.00	minus 4.43%	1,21,785	88.6	72.5	19.3%	13.1%	0.02	21.2%	plus 8.2%
POLYCABPolycab India	7,871.00	plus 0.28%	1,18,613	37.5	29.0	30.4%	13.6%	0.02	26.6%	plus 3.8%
HAVELLSHavells India	1,128.00	plus 5.61%	70,789	42.6	30.0	22.1%	9.1%	0.02	9.9%	minus 28.1%
APARINDSApar Industries	14,106.00	minus 9.65%	59,065	41.6	30.7	26.7%	9.5%	0.12	17.0%	plus 87.2%
KEIKEI Industries	3,988.00	minus 1.80%	38,143	36.1	29.9	18.7%	11.0%	0.04	19.1%	plus 1.8%
HONAUTHoneywell Automation India	30,080.00	minus 0.79%	26,613	47.0	35.7	15.7%	13.8%	0.02	10.9%	minus 17.5%
DELDhanashree Electronics	104.25	plus 1.96%	148	57.3	–	10.8%	−0.7%	0.51	33.2%	minus 48.8%
Median of 7 peers	–	−1.42%	70,789	42.6	30.7	22.1%	13.1%	0.02	19.1%	3.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
25.6	19.6	18.3	48.3	22.7
23	16.7	14.9	57.2	20.8
2.5	2.9	3.4	−8.9	1.8
9.9%	14.9%	18.6%	−18.4%	8.1%
0	0.1	0	12.4	0
1	1.8	2.3	1.7	0.7
0.2	0.2	0.2	0.3	0.2
1.4	1	0.9	1.6	1
23.0%	23.5%	21.6%	23.8%	18.4%
1.1	0.7	0.7	1.2	0.8
0.43	0.52	0.50	0.48	0.32

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +33.2%
Profit CAGR 3Y: +11.1%
EPS CAGR 3Y: −7.6%
ROE: 6.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
47.2	80	98.4	112
–	+69.4%	+23.1%	+13.5%
50.7	78.6	98.5	112
−3.5	1.4	−0.2	−0.1
−7.4%	1.7%	−0.2%	−0.1%
16.9	10.6	13	12.5
5	6.1	7.5	6.8
0.5	0.6	0.7	0.9
−4.4	0	−0	–
3.7	5.3	4.7	4.8
26.4%	26.5%	25.8%	23.1%
2.7	3.9	3.5	3.7
–	+45.5%	minus 11.5%	+6.5%
1.89	2.76	2.44	1.49

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
14.2	14.2	14.2	14.2
20.3	24.3	27.7	55.7
52.1	62.7	63.7	56
10.9	22.5	38.4	30.2
97.5	124	144	156
5.9	5.5	4.9	4.4
0.2	1.2	1.3	2.1
0.7	0.1	0.9	39.9
90.8	117	137	110
97.5	124	144	156

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−15.1	−13	−6.8	−7.8
13.7	7.8	13.3	−2.6
0.1	4.6	−5.7	10
−1.2	−0.5	0.8	−0.3
−0.2	−0.2	−0.1	−0.3
−15.3	−13.1	−7	−8.1
–	–	–	−0.1

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you