De Nora India Limited DENORA NSEINFRA
De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally. The company offers anodes for chlorine and oxygen evolution; cathodes for hydrogen evolution; disinfection systems; electrodes for metal winning; electrodes and accessories for cathodic protection; membrane technologies; and water technology products. It is also involved in the manufacturing and recoating of anodes and cathodes for electrolytic processes in the chlor-alkali industry. In addition, it provides chlorate cells; Sanilec and Seaclor for seawater systems; Seaclor Mac, a brine-based system; LIDA MMO coated titanium anodes for ICCP; platinized anodes for surface finishing; and Solar Mac, a system that produces clean water from clean energy. It serves the energy transition; non-ferrous metal recovery; oil and gas offshore; pulp and paper; mining and metal refining and recovery; surface finishing, planting, and galvanizing; and plumbing and decorative industries. The company was formerly known as Titanor Components Limited and changed its name to De Nora India Limited in June 2007. The company was founded in 1988 and is based in Ponda, India. De Nora India Limited is a subsidiary of Oronzio De Nora International B.V.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 18.8% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -23.6% CAGR over 5 years.
- Trading 26.8% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DENORA De Nora India Limited NSEINFRA | 710.35 | 41.66 | ₹377.10 Cr | - | 3.58% | 7.26% | 18.79% | -23.56% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 20.13 Cr | 41.97 Cr | 21.84 Cr | 35.84 Cr | 21.97 Cr |
| Cost of Revenue | 8.84 Cr | 23.59 Cr | 8.03 Cr | 21.28 Cr | 15.56 Cr |
| Gross Profit | 11.29 Cr | 18.38 Cr | 13.81 Cr | 14.56 Cr | 6.41 Cr |
| Operating Expenses | 7.91 Cr | 16.40 Cr | 10.31 Cr | 12.61 Cr | 9.20 Cr |
| Operating Income | 3.38 Cr | 1.99 Cr | 3.51 Cr | 1.95 Cr | -2.80 Cr |
| EBITDA | 3.83 Cr | 2.45 Cr | 4.02 Cr | 2.47 Cr | -2.26 Cr |
| Interest Expense | - | - | - | - | - |
| Pretax Income | 4.76 Cr | 4.34 Cr | 5.21 Cr | 3.38 Cr | -92.85 L |
| Tax Provision | 1.42 Cr | 1.09 Cr | 1.33 Cr | 80.93 L | -29.10 L |
| Net Income | 3.34 Cr | 3.25 Cr | 3.87 Cr | 2.57 Cr | -63.75 L |
| Diluted EPS | 6.29 | 6.12 | 7.29 | 4.84 | -1.20 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 72.57 Cr | 73.73 Cr | 68.58 Cr | 121.62 Cr |
| Cost of Revenue | - | 30.35 Cr | 29.74 Cr | 27.70 Cr | 68.46 Cr |
| Gross Profit | - | 42.21 Cr | 43.98 Cr | 40.88 Cr | 53.16 Cr |
| Operating Expenses | - | 17.46 Cr | 23.04 Cr | 43.99 Cr | 48.51 Cr |
| Operating Income | - | 24.75 Cr | 20.95 Cr | -3.11 Cr | 4.65 Cr |
| EBITDA | - | 28.53 Cr | 22.09 Cr | -1.41 Cr | 6.68 Cr |
| Interest Expense | 14.94 L | 1.30 L | 0 | - | - |
| Pretax Income | - | 27.15 Cr | 25.22 Cr | 2.76 Cr | 12.00 Cr |
| Tax Provision | - | 6.88 Cr | 6.22 Cr | 1.06 Cr | 2.94 Cr |
| Net Income | - | 20.28 Cr | 19.01 Cr | 1.69 Cr | 9.06 Cr |
| Diluted EPS | 29.10 | 38.19 | 35.80 | 3.19 | - |
Compounded Sales Growth
| 5 Years: | 18.79% |
| 1 Year: | 7.00% |
Compounded Profit Growth
| 5 Years: | -23.56% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -15.97% |
| 6 Months: | +2.60% |
| 3 Months: | +16.32% |
| 1 Month: | -14.91% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 115.66 Cr | 126.67 Cr | 142.31 Cr | 159.80 Cr |
| Current Assets | - | 103.35 Cr | 100.95 Cr | 108.65 Cr | 120.98 Cr |
| Cash & Equivalents | - | 3.85 Cr | 5.24 Cr | 8.05 Cr | 16.96 Cr |
| Inventory | - | 28.63 Cr | 27.56 Cr | 31.33 Cr | 30.84 Cr |
| Receivables | - | 17.03 Cr | 10.22 Cr | 13.42 Cr | 11.75 Cr |
| Total Liabilities | - | 13.98 Cr | 6.98 Cr | 22.16 Cr | 30.46 Cr |
| Current Liabilities | - | 13.58 Cr | 6.97 Cr | 21.85 Cr | 30.06 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 0 | - | - | - |
| Total Equity | - | 101.68 Cr | 119.69 Cr | 120.15 Cr | 129.34 Cr |
| Shares Outstanding | - | 53.09 L | 53.09 L | 53.09 L | 53.09 L |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 14.28 Cr | 16.06 Cr | 3.13 Cr | 12.23 Cr |
| Investing Cash Flow | - | -23.80 Cr | -13.61 Cr | 73.84 L | -3.27 Cr |
| Financing Cash Flow | - | -53.09 L | -1.06 Cr | -1.06 Cr | 0 |
| Capital Expenditure | - | -3.66 Cr | -6.93 Cr | -3.23 Cr | -4.05 Cr |
| Free Cash Flow | - | 10.61 Cr | 9.13 Cr | -10.15 L | 8.17 Cr |
| Net Change in Cash | - | -10.05 Cr | 1.39 Cr | 2.81 Cr | 8.96 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 58.2% | 59.7% | 59.6% | 43.7% |
| Operating Margin % | - | 34.1% | 28.4% | -4.5% | 3.8% |
| Net Margin % | - | 27.9% | 25.8% | 2.5% | 7.4% |
| ROE % | - | 19.9% | 15.9% | 1.4% | 7.0% |
| ROCE % | - | 24.2% | 17.5% | -2.6% | 3.6% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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