D & H India share price, P/E, ROE & financials

D & H India (BSE: DHINDIA) had a P/E of 21.7× on 6 Nov 2026, below the industry P/E of 22.6×, and the shares are 38% below their 52-week high. Sales and net profit grew 22% and 26% a year over 3 years, with ROCE of 16% and ROE of 13%. Debt is 0.60× equity. It is a small-cap company with a market cap of ₹192 Cr, ranked 16th of 31 Tools & Accessories companies by market cap; the shares rose 24% 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: ₹189.30
Day high: ₹193.00
Day low: ₹185.70
Prev. close: ₹190.25
Volume: 89

Health check

2 good · 2 fair · 2 to check

ReturnsAhead
+24.1% over a year, better than 6 of 7 peers.
Price tagIn line
P/E 21.7 vs industry 22.6.
GrowthStrong
Sales +22.1%, profit +25.7% a year over 3 years.
ProfitabilityWeak
ROCE 16.2% vs peer median 25.1%.
Balance sheetFair
Debt 0.60× equity, interest covered 3.4×, Piotroski 7 of 9.
Red flags1 to check
38% below its 52-week high.

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

Tools & Accessories

30 listed peers. Screen the industry

Small cap

₹192 Cr, #16 of 31 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹266 Cr · profit ₹9 Cr

Market cap: ₹192 Cr; Small cap
P/E: 21.7; Industry 22.6
Price to book: 2.19; Peers 7.34
Dividend yield: 0.00%
ROE: 13.4%; Peers 15.4%
ROCE: 16.2%; Peers 25.1%
Debt to equity: 0.60; Debt ₹47 Cr
EPS (TTM): ₹8.65
OPM (TTM): 6.7%; Net margin 3.4%
Sales growth: +24.7%; Latest quarter vs a year ago
Profit growth: +47.9%; Latest quarter vs a year ago
Price to sales: 0.72; EV/EBITDA 12.1

Strengths

Quarterly profit up 47.9% on a year ago.
Quarterly sales up 24.7% on a year ago.

Risks to check

38% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About D & H India

D & H India Limited engages in manufacturing of welding electrodes in India. It offers SMAW/MMAW consumables, tig and mig wires, flux cored wires, submerged arc welding fluxes and wires, and low heat input/repair and maintenance welding electrode. The company also provides CO2 wires, flux powder, and stainless steel wires. It serves power, oil and petrochemical, steel, railway, cement plant, sugar and distillery, earth moving and mining, ship building and…

Headquarters: Indore
Employees: 127
Sector: Industrials
ISIN: INE589D01018
Website: dnhindia.com

Price range

52 weeks

₹121.50₹304.80

Today

₹185.70₹193.00

Avg volume (3M): 3.8K
1-year return: plus 24.1%
From 52-week high: minus 38.4%

Peers · Tools & Accessories

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
TIMKENTimken India	3,057.80	minus 2.14%	23,000	50.7	35.4	18.5%	18.5%	0.00	7.5%	plus 2.4%
CARBORUNIVCarborundum Universal	1,041.30	minus 3.99%	19,838	134.0	32.9	7.1%	8.4%	0.12	3.8%	plus 21.1%
SKFINDUSSKF India (Industrial)	2,343.60	minus 2.47%	11,586	49.4	–	–	10.3%	0.00	–	minus 13.0%
KENNAMETKennametal India	3,585.60	minus 5.65%	7,881	40.2	26.1	31.2%	23.9%	0.00	11.4%	plus 44.8%
ESABINDIAEsab India	5,004.00	minus 2.18%	7,703	34.7	28.1	60.8%	18.4%	0.01	11.4%	plus 4.8%
SKFINDIASKF India	1,425.60	plus 0.37%	7,048	45.3	14.4	31.7%	11.1%	0.00	−4.9%	minus 33.0%
TIILTechnocraft Industries (India)	2,726.40	minus 1.58%	6,182	18.2	13.7	19.1%	18.5%	0.40	12.2%	plus 14.3%
DHINDIAD & H India	187.75	minus 1.31%	192	21.7	12.1	16.2%	6.7%	0.60	22.1%	plus 24.1%
Median of 7 peers	–	−2.18%	7,881	45.3	27.1	25.1%	18.4%	0.00	9.4%	4.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
52.9	65.6	61.9	72.2	66
49.3	61.6	56.7	67.5	62.2
3.7	4	5.2	4.8	3.7
6.9%	6.0%	8.4%	6.6%	5.6%
0.2	0.2	0.2	0.9	0.4
1.3	1.4	1.5	0.7	0.7
0.8	0.9	0.9	1.1	0.9
1.8	1.9	3	3.9	2.5
23.5%	18.4%	18.6%	39.7%	22.2%
1.3	1.6	2.4	2.3	2
1.63	1.71	2.45	2.55	1.94

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +22.1%
Profit CAGR 3Y: +25.7%
EPS CAGR 3Y: +23.5%
ROE: 13.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
139	158	209	253
–	+13.8%	+32.5%	+20.8%
129	148	194	234
9.4	9.7	15	18.5
6.8%	6.1%	7.2%	7.3%
0	−0	0.4	1.3
2	2.9	4.4	4.8
1.7	2.1	3	3.6
0.1	−0	−0.5	−0.1
5.7	4.6	7.6	11.2
26.1%	41.4%	31.8%	25.4%
4.2	2.7	5.2	8.4
–	minus 35.9%	+90.5%	+62.6%
5.28	3.09	5.85	9.95

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
7.8	8.2	8.2	10.2
29.9	33.6	38.8	67.7
28.4	37.6	52.6	46.7
18.7	21.6	21.7	26.7
84.8	101	121	151
19.1	28	33.8	41.5
0.1	3.9	0.1	1.3
0.7	0.8	1	1.2
0.2	0.5	0.5	15.4
64.7	67.7	85.8	91.8
84.8	101	121	151

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
5.5	−0.5	−2.3	22.2
−8.9	−13.9	−9.5	−25
3.5	14.6	11.1	15.8
0.1	0.2	−0.7	12.9
−6	−13.3	−13.6	−11.5
−0.5	−13.8	−15.9	10.7

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