DE Nora India Ltd
NSE: DENORA BSE: 590031
DE Nora India Ltd (DENORA) is a Diversified company listed on NSE: DENORA | BSE: 590031. With a market cap of ₹378 Cr and ROCE of 9.62%, ROE of 7.26%, it operates in the Indian Diversified sector.
₹712
52W: ₹559 — ₹995
PE 41.8 · Book ₹244 · +192% vs bookMarket Cap₹378 Cr
Stock P/E41.8Price to Earnings
ROCE9.62%Return on Capital
ROE7.26%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is almost debt free.
- +Company is expected to give good quarter
- +Debtor days have improved from 52.4 to 35.3 days.
Weaknesses
- −Stock is trading at 2.87 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 8.29% over last 3 years.
- −Earnings include an other income of Rs.7.35 Cr.
- −Dividend payout has been low at 1.86% of profits over last 3 years
Shareholding Pattern
Promoters53.68%
FIIs0.72%
DIIs0.22%
Public45.38%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% |
| FIIs | 0.09% | 0.09% | 0.1%▲0.0 | 0.14%▲0.0 | 0.03%▼0.1 | 0.01%▼0.0 | 0.02%▲0.0 | 0.72%▲0.7 |
| DIIs | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
| Public | 45.99% | 46.01%▲0.0 | 46%▼0.0 | 45.96%▼0.0 | 46.06%▲0.1 | 46.1%▲0.0 | 46.1% | 45.38%▼0.7 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.4 | 16.18 | 12.76 | 18.13 | 17.56 | 20.13 | 41.97 | 21.84 | 35.84 | 21.97 |
| Expenses | 21.91 | 9.93 | 9.82 | 14.92 | 28.95 | 16.3 | 39.53 | 17.82 | 33.36 | 24.24 |
| Operating Profit | 7.49 | 6.25 | 2.94 | 3.21 | -11.39 | 3.83 | 2.44 | 4.02 | 2.48 | -2.27 |
| OPM % | 25.48% | 38.63% | 23.04% | 17.71% | -64.86% | 19.03% | 5.81% | 18.41% | 6.92% | -10.33% |
| Net Profit | 6.48 | 5.66 | 2.88 | 3.28 | -7.81 | 3.34 | 3.25 | 3.87 | 2.57 | -0.64 |
| EPS ₹ | 12.21 | 10.66 | 5.43 | 6.18 | -14.71 | 6.29 | 6.12 | 7.29 | 4.84 | -1.21 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹122Cr, up 76.8% YoY. OPM at 6%.
Debt Position
Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Institutional Flow
DIIs: 0.22% (+0.22pp change). FIIs: 0.72% (+0.16pp change). Promoters hold 53.68%.
Margin & Efficiency
ROCE declining from 16% (Dec 2014) to 10% (Mar 2026). Working capital days: 212.
Valuation
PE 41.8x with 9.62% ROCE. Price is 192% above book value of ₹244. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5 May - Copy of Newspaper Publication of Extract of Audited Financial Results for the year ended March 31, 2026.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 5 May - Submitted Annual Secretarial Compliance Report for FY ended March 31, 2026; no violations reported.
- Corporate Action-Board approves Dividend 4 May
- Outcome Of Board Meeting Held On May 4, 2026. 4 May
- Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, May 4, 2026. 4 May - Board approved FY2025-26 audited results and recommended Rs.4 dividend per share.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse