De Nora India share price, P/E, ROE & financials

As of 6 Nov 2026, De Nora India trades at 29.9× trailing earnings, below the industry P/E of 30.0×, and the shares are 28% below their 52-week high. Sales grew 19% a year over 3 years while net profit fell 24%; its ROCE of 4.2% is the lowest among the 7 largest Electrical Equipment & Parts peers. Its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹365 Cr, ranked 63rd of 97 Electrical Equipment & Parts companies by market cap; the shares fell 15% 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: ₹693.00
Day high: ₹693.10
Day low: ₹672.30
Prev. close: ₹686.15
Volume: 5K

Health check

2 fair · 4 to check

ReturnsBehind
−15.2% over a year, better than 2 of 7 peers.
Price tagIn line
P/E 29.9 vs industry 30.0.
GrowthSlow
Sales +18.8%, profit −23.6% a year over 3 years.
ProfitabilityWeak
ROCE 4.2% vs peer median 22.1%.
Balance sheetFair
Piotroski 6 of 9.
Red flags2 to check
Return on equity is low at 4.4%.

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

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹365 Cr, #63 of 97 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹113 Cr · profit ₹6 Cr

Market cap: ₹365 Cr; Small cap
P/E: 29.9; Industry 30.0
Price to book: 2.78; Peers 7.24
Dividend yield: 0.58%
ROE: 4.4%; Peers 18.0%
ROCE: 4.2%; Peers 22.1%
Debt to equity: n/a; Debt ₹0.00 Cr
EPS (TTM): ₹22.97; Face value ₹10
OPM (TTM): 8.6%; Net margin 5.1%
Sales growth: −16.0%; Latest quarter vs a year ago
Profit growth: +96.7%; Latest quarter vs a year ago
Price to sales: 3.24; EV/EBITDA −69.5

Strengths

Quarterly profit up 96.7% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 4.4%.
Quarterly sales down 16.0% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About De Nora India

De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally. The company offers anodes for horizontal and vertical plating lines in Printed Circuit Board, metal winning and refining, periodic pulse reverse plating, steel electrogalvanizing, production of chlorate and chlorine, and trivalent chrome plating; cathodes for production of caustic soda; and electrodes for concrete structure cathodic protection,…

Headquarters: Ponda
Employees: 45
Sector: Industrials
ISIN: INE244A01016
Website: india.denora.com

Price range

52 weeks

₹559.00₹960.35

Today

₹672.30₹693.10

Avg volume (3M): 4.8K
1-year return: minus 15.2%
From 52-week high: minus 28.5%

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%
DENORADe Nora India	686.85	plus 0.10%	365	29.9	38.9	4.2%	8.6%	–	18.8%	minus 15.2%
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
42	21.8	35.8	22	35.3
39.5	17.8	33.4	24.2	29.6
2.4	4	2.5	−2.3	5.7
5.8%	18.4%	6.9%	−10.3%	16.1%
2.4	1.7	1.4	1.9	3.5
0.5	0.5	0.5	0.5	0.5
4.3	5.2	3.4	−0.9	8.6
25.2%	25.6%	23.9%	31.3%	25.7%
3.2	3.9	2.6	−0.6	6.4
6.12	7.29	4.84	-1.20	12.04

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +18.8%
Profit CAGR 3Y: −23.6%
EPS CAGR 3Y: −23.6%
ROE: 4.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
72.6	73.7	68.5	122
–	+1.6%	minus 7.1%	+77.4%
46.4	51.6	69.5	114
26.1	22.1	−1	7.4
36.0%	30.0%	−1.5%	6.1%
0.6	1	1.2	2.5
0	–	–	–
1.4	1.1	1.7	2
1.8	3.3	4.3	4.1
27.2	25.2	2.8	12
25.3%	24.6%	38.6%	24.5%
20.3	19	1.7	9.1
–	minus 6.3%	minus 91.1%	+434.9%
38.19	35.80	3.19	17.06

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
5.3	5.3	5.3	5.3
96.4	114	115	124
14	7	22.2	30.5
116	127	142	160
10.2	15.7	17.4	19.3
2.4	2.7	3.2	1.6
0.2	0.3	0.2	0.2
56.7	62.1	62.7	77.1
46.2	45.9	58.8	61.6
116	127	142	160

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
14.3	16.1	3.1	12.2
−23.8	−13.6	0.7	−3.3
−0.5	−1.1	−1.1	–
−10.1	1.4	2.8	9
−3.7	−6.9	−3.2	−4.1
10.6	9.1	−0.1	8.2
−0.5	−1.1	−1.1	–

Shareholding pattern

Source: NSE filings

53.7%

promoters

Promoters53.68%
Public46.32%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	53.68%	46.32%	0.00
30 Jun 2026	53.68%	46.32%	0.00
31 Mar 2026	53.68%	46.32%	0.00
31 Dec 2025	53.68%	46.32%	0.00
30 Sep 2025	53.68%	46.32%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you