On 6 Nov 2026, Diamond Power Infrastructure was priced at ₹370.65, or 72.7× trailing earnings, against an industry P/E of 33.8×. Its ROCE of 10% is the second-lowest among the 7 largest Specialty Industrial Machinery peers. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹2,537 Cr. It is a small-cap company with a market cap of ₹22,168 Cr, ranked 10th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 149% over the past year.
- ₹385.85
- ₹390.10
- ₹369.05
- ₹388.45
- 15.6 L
Health check
- ReturnsAhead
+149.5% over a year, better than 7 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthStrong
Sales +411.8% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags3 to check
Negative net worth: liabilities exceed assets.
Small cap
Defensive
Key metrics
- Market cap
- ₹22,168 Cr
- Small cap
- P/E
- 72.7
- Industry 33.8
- Price to book
- −32.33
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 19.1%
- ROCE
- 10.5%
- Peers 24.8%
- Debt to equity
- n/a
- Debt ₹2,537 Cr
- EPS (TTM)
- ₹5.10
- Face value ₹1
- OPM (TTM)
- 11.7%
- Net margin 8.7%
- Sales growth
- +135.4%
- Latest quarter vs a year ago
- Profit growth
- +349.0%
- Latest quarter vs a year ago
- Price to sales
- 9.65
- EV/EBITDA 81.9
Strengths and risks
Strengths
- Quarterly profit up 349.0% on a year ago.
- Quarterly sales up 135.4% on a year ago.
Risks to check
- Negative net worth: liabilities exceed assets.
- P/E of 72.7 against an industry P/E of 33.8.
- Promoter stake down from 84.0% to 74.0%.
About Diamond Power Infrastructure
Diamond Power Infrastructure Limited engages in the manufacturing and sale of cables and conductors in India. The company offers low voltage, high voltage, extra high voltage, control, solar, fire survival/resistant, communication, marine and offshore, single and multi core, and instrumentation cables. It also provides railway overhead conductors, including catenary/ messenger wire, jumper wire, copper magnesium/ bronze jumper wire, feeder wire and span…
- Headquarters
- Ahmedabad
- Sector
- Industrials
- ISIN
- INE989C01038
- Website
- dicabs.com
Price range
- Avg volume (3M)
- 10.8 L
- 1-year return
- plus 149.5%
- From 52-week high
- minus 8.3%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| DIACABSDiamond Power Infrastructure | 370.65 | minus 4.58% | 22,168 | 72.7 | 109.7 | 10.5% | 11.7% | – | 411.8% | plus 149.5% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 438 | 474 | 696 | 690 | 1,032 | |
| 392 | 405 | 618 | 613 | 917 | |
| 45.9 | 69.1 | 77.7 | 77 | 115 | |
| 10.5% | 14.6% | 11.2% | 11.2% | 11.2% | |
| 0.1 | 0.6 | 7 | 7.7 | 18.2 | |
| 9.8 | 11.1 | 14.4 | 14.2 | 12.1 | |
| 7.4 | 7.9 | 8.2 | 11.7 | 12.5 | |
| −3.7 | – | – | – | – | |
| 25.1 | 50.8 | 62.2 | 58.7 | 109 | |
| 4.3% | 2.1% | 2.5% | 0.4% | 0.7% | |
| 24 | 49.7 | 60.6 | 58.4 | 108 | |
| 0.46 | 0.94 | 1.15 | 1.11 | 1.87 |
Profit & loss
- Sales CAGR 3Y
- +411.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14 | 335 | 1,108 | 1,874 | |
| – | +2300.9% | +230.4% | +69.2% | |
| 37.6 | 293 | 1,041 | 1,649 | |
| −23.7 | 42.7 | 66.8 | 225 | |
| −169.4% | 12.7% | 6.0% | 12.0% | |
| 0.2 | 0.7 | 0.4 | 4.4 | |
| 0.6 | 6.7 | 12.5 | 35.5 | |
| 18.8 | 19.6 | 20.3 | 30.7 | |
| – | −0.3 | 0 | −1.1 | |
| −42.9 | 16.9 | 34.4 | 162 | |
| – | −0.7% | −0.2% | 2.3% | |
| −42.9 | 17 | 34.5 | 158 | |
| – | – | +102.6% | +358.5% | |
| -0.81 | 0.32 | 0.65 | 3.00 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 52.7 | 52.7 | 52.7 | 52.7 | |
| −1,033 | −1,026 | −931 | −657 | |
| 2,343 | 2,355 | 463 | 2,537 | |
| 43.3 | 136 | 2,203 | 471 | |
| 1,407 | 1,518 | 1,787 | 2,404 | |
| 1,258 | 1,255 | 1,303 | 1,352 | |
| 188 | 198 | 135 | 152 | |
| 1.1 | 0.9 | 1.1 | 2.5 | |
| 3.7 | 4.4 | 13.6 | 35.8 | |
| −44.8 | 59.9 | 335 | 861 | |
| 1,407 | 1,518 | 1,787 | 2,404 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 442 | 26.3 | 17.2 | −80.4 | |
| 11 | −19.2 | −68.7 | −143 | |
| −352 | 4.2 | −5.9 | 136 | |
| 101 | 11.2 | −57.4 | −87.7 | |
| −1.4 | −16.4 | −67.7 | −81.2 | |
| 440 | 9.9 | −50.5 | −162 |
Shareholding pattern
- Promoters74.03%
- Public25.97%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.03% | 25.97% | 0.00 | |
| 28 Jul 2026 | 74.03% | 25.97% | minus 9.99 | |
| 30 Jun 2026 | 84.02% | 15.98% | 0.00 | |
| 31 Mar 2026 | 84.02% | 15.98% | 0.00 | |
| 31 Dec 2025 | 84.02% | 15.98% | – |
Major shareholders
Filings & events
News
No recent news coverage found.