D-Link (India) Limited DLINKINDIA NSETECH

Technology · Communication Equipment · India

https://www.dlink.com/in

D-Link (India) Limited engages in the marketing and distribution of D-Link branded networking products for consumers, small businesses, medium to large-sized enterprises, and service providers in India. It offers home networking products, such as Wi-Fi systems, 4G/5G, cameras, smart home, switches, and adapters. It also provides business networking products, including switches, wireless, nuclias, IP surveillance, industrial switches, and accessories. The company was formerly known as Smartlink Network Systems Limited. D-Link (India) Limited was founded in 1986 and is headquartered in Mumbai, India. D-Link (India) Limited is a subsidiary of D-Link Holding Mauritius, Inc.

Market & Price

Market Cap

₹1,646.89 Cr

Current Price

₹463.85

High / Low (52W)

₹560.70 / ₹372.00

Beta

0.28

Valuation

Stock P/E

15.82

Industry PE

25.13

Forward P/E

PEG Ratio

Book Value

₹142.30

Price to Book

3.26

P/S

1.05

EV/EBITDA

11.62

Dividend Yield

8.84%

Profitability & Returns

ROCE

27.45%

ROE

21.21%

ROA

10.00%

Profit Margin

6.65%

Op Margin

7.49%

EPS (Latest Qtr)

₹7.77

EPS (TTM)

₹29.32

Balance Sheet & Liquidity

Debt/Equity

2.93

Quick Ratio

2.18

Current Ratio

2.56

Debt

₹14.81 Cr

Total Assets

₹811.45 Cr

Current Assets

₹759.57 Cr

Working Capital

₹463.24 Cr

Ownership

Promoter Holding

61.34%

Chg in Prom Hold

FII / Inst Holding

0.55%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,460.83 Cr

Total Revenue (TTM)

₹1,565.70 Cr

EBITDA

₹125.75 Cr

Free Cash Flow

₹-61.56 L

Operating Cash Flow

₹14.89 Cr

Shares Outstanding

₹3.55 Cr

Gross Margin

14.95%

Payout Ratio

71.65%

Growth (CAGR)

Revenue 5Y

9.87%

Profit 5Y

6.41%

Revenue (YoY)

20.00%

Earnings (YoY)

0.50%

PROS

Strong return on equity of 21.2%.
Healthy ROCE of 27.4%.
Attractive dividend yield of 8.84%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

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 (Technology).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	DLINKINDIA D-Link (India) Limited NSETECH	463.85	15.82	₹1,646.89 Cr	8.84%	27.45%	21.21%	9.87%	6.41%
2	TCS Tata Consultancy Services Limited NIFTY50NSEAITECH	2,258.90	16.61	₹8.17 L Cr	5.49%	54.93%	48.40%	5.80%	5.30%
3	INFY Infosys Limited NIFTY50NSEAITECH	1,160.90	15.01	₹4.70 L Cr	4.31%	41.66%	31.44%	3.44%	3.58%
4	HCLTECH HCL Technologies Limited NIFTY50NSEAITECH	1,183.80	19.31	₹3.20 L Cr	8.11%	27.21%	23.36%	8.65%	3.87%
5	WIPRO Wipro Limited NIFTY50NSEAITECH	204.25	16.26	₹2.14 L Cr	8.32%	18.42%	15.49%	4.05%	2.44%
6	TECHM Tech Mahindra Limited NIFTY50NSEAITECH	1,483.90	27.40	₹1.31 L Cr	3.44%	20.60%	16.61%	2.16%	-0.14%
7	LTM LTM Limited NSETECH	4,061.60	24.04	₹1.20 L Cr	1.85%	25.39%	21.29%	8.43%	4.41%
8	LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH	1,523.90	61.35	₹1.03 L Cr	-	27.64%	24.72%	0.98%	-
9	WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH	3,140.80	27.70	₹90,345.53 Cr	0.13%	24.21%	31.57%	71.63%	191.18%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	331.40 Cr	369.76 Cr	350.16 Cr	376.62 Cr	395.21 Cr	443.71 Cr
Cost of Revenue	-	275.19 Cr	310.44 Cr	298.16 Cr	319.70 Cr	333.49 Cr	380.20 Cr
Gross Profit	-	56.21 Cr	59.31 Cr	52.00 Cr	56.91 Cr	61.72 Cr	63.52 Cr
Operating Expenses	-	24.54 Cr	28.57 Cr	24.39 Cr	25.73 Cr	28.96 Cr	30.30 Cr
Operating Income	-	31.67 Cr	30.74 Cr	27.60 Cr	31.18 Cr	32.76 Cr	33.21 Cr
EBITDA	-	37.42 Cr	38.88 Cr	34.81 Cr	36.58 Cr	38.19 Cr	38.98 Cr
Interest Expense	-	17.19 L	11.16 L	28.99 L	42.13 L	31.71 L	30.02 L
Pretax Income	-	35.54 Cr	37.05 Cr	32.77 Cr	34.37 Cr	36.08 Cr	36.84 Cr
Tax Provision	-	9.04 Cr	9.62 Cr	8.40 Cr	8.99 Cr	9.39 Cr	9.22 Cr
Net Income	-	26.50 Cr	27.43 Cr	24.38 Cr	25.38 Cr	26.69 Cr	27.61 Cr
Diluted EPS	7.83	7.47	7.73	6.87	7.15	7.52	7.77

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	1,180.48 Cr	1,235.41 Cr	1,383.86 Cr	1,565.70 Cr
Cost of Revenue	-	997.73 Cr	1,048.64 Cr	1,165.04 Cr	1,331.56 Cr
Gross Profit	-	182.76 Cr	186.76 Cr	218.83 Cr	234.15 Cr
Operating Expenses	-	72.71 Cr	75.63 Cr	98.76 Cr	109.39 Cr
Operating Income	-	110.05 Cr	111.13 Cr	120.06 Cr	124.75 Cr
EBITDA	-	122.13 Cr	131.50 Cr	147.37 Cr	148.55 Cr
Interest Expense	-	1.02 Cr	99.23 L	74.75 L	1.33 Cr
Pretax Income	-	116.14 Cr	124.19 Cr	139.68 Cr	140.06 Cr
Tax Provision	-	29.78 Cr	31.56 Cr	35.42 Cr	36.00 Cr
Net Income	-	86.36 Cr	92.63 Cr	104.26 Cr	104.06 Cr
Diluted EPS	-	24.32	26.09	29.37	29.31

Compounded Sales Growth

5 Years:	9.87%
1 Year:	20.00%

Compounded Profit Growth

5 Years:	6.41%
1 Year:	0.50%

Stock Price Performance

1 Year:	-1.52%
6 Months:	+9.68%
3 Months:	+13.72%
1 Month:	+3.01%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	629.30 Cr	695.14 Cr	748.05 Cr	811.45 Cr
Current Assets	-	580.73 Cr	647.80 Cr	700.27 Cr	759.57 Cr
Cash & Equivalents	-	5.83 Cr	18.24 Cr	31.52 Cr	30.79 Cr
Inventory	-	139.89 Cr	81.87 Cr	77.35 Cr	104.05 Cr
Receivables	-	304.10 Cr	338.79 Cr	364.69 Cr	443.40 Cr
Total Liabilities	-	250.90 Cr	259.96 Cr	272.56 Cr	305.76 Cr
Current Liabilities	-	244.16 Cr	257.46 Cr	270.89 Cr	296.33 Cr
Long Term Debt	-	-	-	-	-
Total Debt	-	10.08 Cr	7.67 Cr	4.19 Cr	14.81 Cr
Total Equity	-	378.40 Cr	435.17 Cr	475.49 Cr	505.69 Cr
Shares Outstanding	-	3.55 Cr	3.55 Cr	3.55 Cr	3.55 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	33.49 Cr	5.89 Cr	120.54 Cr	89.96 Cr	14.89 Cr
Investing Cash Flow	-18.53 Cr	-5.03 Cr	-66.73 Cr	-5.93 Cr	65.81 Cr
Financing Cash Flow	-11.24 Cr	-15.45 Cr	-41.40 Cr	-70.76 Cr	-81.43 Cr
Capital Expenditure	-1.14 Cr	-87.11 L	-99.84 L	-24.84 L	-1.80 Cr
Free Cash Flow	32.35 Cr	5.02 Cr	119.54 Cr	89.71 Cr	13.09 Cr
Net Change in Cash	3.72 Cr	-14.59 Cr	12.41 Cr	13.28 Cr	-72.83 L

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	15.5%	15.1%	15.8%	15.0%
Operating Margin %	-	9.3%	9.0%	8.7%	8.0%
Net Margin %	-	7.3%	7.5%	7.5%	6.6%
ROE %	-	22.8%	21.3%	21.9%	20.6%
ROCE %	-	28.6%	25.4%	25.2%	24.2%

Shareholding Pattern

Insiders

61.34%

Institutions

0.55%

Public Float

1.43%

Analyst View

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DLINKINDIA · Technology