DENORA

The stock has been placed in Additional Surveillance Measure (ASM) list LTASM - I (13).

De Nora India Ltd.

NSE: DENORA

BSE: 590031

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Electrodes & Refractories

827.55-15.1 (-1.80%)

21 Aug, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

77.3 / 100

Value Score

44.2 / 100

Price Momentum Score

78.4 / 100

QVM Score

83.2 / 100

Key Metrics

Market Cap

439.35

P/E (TTM)

36.02

P/B

3.40

P/S (TTM)

3.82

EV/EBITDA

36.49

CAPE (5Y)

30.23

ROE (TTM)

7.26

ROCE (TTM)

3.72

ROA (TTM)

5.99

Avg 3Y ROE

3.36

Earnings 3Y CAGR

-14.09

Sales 3Y CAGR

17.78

Sales 5Y CAGR

22.63

Debt/Equity

0.00

Consensus TP

Strong Buy %

Promoter Holding

53.68

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of De Nora India Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 78.4 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

78.4 / 100

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 488.11% for 12-month ended 30 Jun 2026 and the growth was 440.03 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.0 as on 30 Jun 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 74.0 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

74.0 / 100

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at same valuation levels as industry median P/E

PE TTM of 36.02 indicates that the stock is expensive on a standalone basis. Premium to industry median P/E is modest at 1.69%

What is P/E Ratio?

Median: 35.42

Value 36.02

-1.68124.07

Low dividend yield

The company has a low dividend yield of 0.48%

What is Dividend yield?

Neutral

Low ROE but improving trend

The company reported low ROE of 7.26% for 12-month ended 30 Jun 2026 but ROE improved by 584 bps from 1 year ago

What is ROE (FY)?

Low operating margin but improving trend

The company reported low operating margin of 6.79% for 12-month ended 30 Jun 2026 but operating margin improved by 1052 bps from 1 year ago

What is Operating profit margin?

Moderate revenue growth and in line with median growth of industry

The company delivered moderate revenue growth of 17.52% for 12-month ended 30 Jun 2026 and the growth was 0.92 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 18.44

Value 17.52

-9.3455.7

Financial Snapshot

See detailed analysis

Multi-year trends for De Nora India Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

De Nora India Ltd. Shareholding Pattern

Quarterly breakdown of De Nora India Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68
Indian Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Promoter	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68	53.68
Institutions	-	-	-	-	-	-	-	0.00	0.00	0.19	0.00	0.52	0.56	0.56	0.25	0.41	0.33	0.32	0.31	0.32	0.36	0.25	0.23	0.23	0.94	1.05
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.52	0.56	0.56	0.25	0.19	0.10	0.09	0.09	0.10	0.14	0.03	0.01	0.02	0.72	0.83
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	46.32	46.32	46.32	46.32	46.32	46.32	46.32	46.32	46.32	46.13	46.32	45.80	45.76	45.76	46.07	45.92	46.00	46.01	46.01	46.00	45.97	46.07	46.10	46.09	45.38	45.27
Bodies Corporate	1.27	1.52	3.42	4.22	4.58	3.41	1.35	2.58	1.92	2.82	4.09	2.70	2.15	1.91	1.87	1.47	1.30	1.42	1.58	1.52	1.45	1.41	1.42	1.28	1.34	1.42
Others (incl. Retail) No. of shareholders	45.05 7,083	44.80 6,952	42.90 7,078	42.10 6,783	41.74 7,071	42.91 7,841	44.97 9,621	43.74 8,201	44.40 8,100	43.31 8,478	42.23 8,404	43.10 8,804	43.61 9,303	43.85 10,959	44.20 12,656	44.45 14,507	44.70 15,313	44.59 14,774	44.43 15,708	44.48 15,926	44.52 15,655	44.66 15,385	44.68 14,926	44.81 14,586	44.04 14,123	43.85 13,868

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

De Nora India Ltd. is not part of any tracked index.

Prominent Investor Holdings

Sanjiv Dhireshbhai Shah

Jun 2022

1.27%

₹ 6 Cr

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in De Nora India Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
GRAVITON RESEARCH CAPITAL LLP	02 Jul 2024	buy	₹ 1,861.18	39.20 k	₹ 7.30 cr
GRAVITON RESEARCH CAPITAL LLP	02 Jul 2024	sell	₹ 1,859.64	39.20 k	₹ 7.29 cr
GRAVITON RESEARCH CAPITAL LLP	09 Nov 2023	buy	₹ 1,817.98	33.80 k	₹ 6.14 cr
GRAVITON RESEARCH CAPITAL LLP	09 Nov 2023	sell	₹ 1,821.35	33.80 k	₹ 6.16 cr
GRAVITON RESEARCH CAPITAL LLP	31 Oct 2023	buy	₹ 1,748.93	54.44 k	₹ 9.52 cr
GRAVITON RESEARCH CAPITAL LLP	31 Oct 2023	sell	₹ 1,752.29	54.44 k	₹ 9.54 cr

Corporate Actions

History of De Nora India Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 4/share
Record date: 16th Sep 2026Ex-date: 16th Sep 2026
Announced on: 4th May 2026
Dividend₹ 2/share
Record date: 18th Sep 2024Ex-date: 17th Sep 2024
Announced on: 30th Apr 2024
Dividend₹ 2/share
Record date: 5th Sep 2023Ex-date: 5th Sep 2023
Announced on: 4th May 2023
Dividend₹ 1/share
Record date: 21st Sep 2022Ex-date: 20th Sep 2022
Announced on: 29th Apr 2022
Dividend₹ 1/share
Record date: 16th Sep 2021Ex-date: 15th Sep 2021
Announced on: 10th May 2021

Company Profile

Overview of De Nora India Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

De Nora India Limited is an India-based company. The Company is a supplier of technologies for the production of chlorine, caustic soda, and derivatives for the Chlor-alkali industry, as well as a manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for the el...

Key personnel

Mr. Shrikant Ashok Pai

Company Secretary and Compliance Officer

Mr. Deepak NagvekarD

Chief Financial Officer, Additional Whole-time Director

Mr. Vinay ChopraD

Managing Director, Executive Director

Mr. Guido PicariD

Non-Executive Non-Independent Director

Ms. Supriya BanerjiD

Non-Executive Independent Director

Mr. Purushottam Sitaram MantriD

Non-Executive Independent Director

Mr. Purushottam Sitaram MantriD

Non-Executive Independent Director

Incorporated on

07 Jun 1989

Last Annual

Last Interim

No. of Employees

IPO date

17 Dec 1990

Free Float

21,80,906

Website

http://india.denora.com/

Phone no.

+918326731100

Address

PLOT NO. 184,185,189 KUNDAIM INDUSTRIAL ESTATE KUNDAIM,, , 403115, India

Frequently Asked Questions

What is the current share price of De Nora India Ltd.?

The current share price of De Nora India Ltd. is ₹ 827.55 as of 21 Aug 2026.

What is the market capitalisation of De Nora India Ltd.?

The market capitalisation of De Nora India Ltd. stands at ₹ 439.35 Cr.

What is the PE ratio of De Nora India Ltd.?

The Price-to-Earnings (PE) ratio of De Nora India Ltd. is 36.02 as of the latest trailing twelve months data.

What is the ROE and ROCE of De Nora India Ltd.?

De Nora India Ltd. has a Return on Equity (ROE) of 7.26% and a Return on Capital Employed (ROCE) of 3.72% as per the latest financial reports.

What is the 52-week high and low of De Nora India Ltd.?

The 52-week high of De Nora India Ltd. is - and the 52-week low is -.

What is the dividend yield of De Nora India Ltd.?

The dividend yield of De Nora India Ltd. is 0.48% based on the current market price.

What is the FII and DII holding in De Nora India Ltd.?

Foreign Institutional Investors (FII) hold 0.83%, Domestic Institutional Investors (DII) hold 0.22% and retail/public investors hold 43.85% of De Nora India Ltd. shares.

What sector does De Nora India Ltd. belong to?

De Nora India Ltd. operates in the Capital Goods sector.

What is the beta of De Nora India Ltd.?

The beta of De Nora India Ltd. is 1.06, indicating its price volatility relative to the broader market. Over the past 1 year, De Nora India Ltd. has delivered an absolute return of 0.21%.

What is the RSI of De Nora India Ltd.?

The 14-day Relative Strength Index (RSI) of De Nora India Ltd. is 41.91, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

De Nora India Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

De Nora India Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Holdings and Presence

Stock Analysis

Corporate Actions

Company Profile