De Nora India
- Market cap
- ₹ 374 Cr.
- P/E
- 30.9x
- P/B
- 2.79x
- 52-week range
- 559 – 960.35
- ROE
- 7%
- ROCE
- 10%
- Dividend yield
- 0.6%
- Debt / equity
- 0
- Sector
- Industrial Products
- Industry
- Electrodes & Refractories
- Listed on
- NSE, BSE
About
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 electrochemical industries in general. The Company is engaged in manufacturing electrolytic products, such as anodes, cathodes, electrochlorinators and water technology products. It operates in a single segment, which is Electrode Technologies. The Company specializes in electrochemistry and is engaged in the supply of technologies for the production of chlorine and caustic soda. Its products are anodes for chlorine evolution, anodes for oxygen evolution, cathodes for hydrogen evolution, disinfection systems, electrochlorination systems, electrodes and accessories for cathodic protection, electrodes for metal winning, and membrane technologies. It has manufacturing facilities at Kundaim, Goa.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Electrodes & Refractories: 16 companies →De Nora India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)30.9 against a typical 30.1: pricier than most peers (1st = cheapest).9th of 16
- Sales growth−16% against a typical +5.7% from a year earlier.11th of 14
- Profit growth+96.6% against a typical +55.8% from a year earlier.3rd of 14
- Share price, 3 months−18% against a typical +6.8%.15th of 15
- Size₹ 374.2 Cr. market value against a typical ₹ 971.8 Cr. (1st = largest).10th of 15
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 30 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 4 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 3 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 5 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 30 Jul 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended Jun 30, 2025 |
| 29 Apr 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19 | 29 | 16 | 13 | 18 | 18 | 20 | 42 | 22 | 36 | 22 | 35 |
| Expenses | 11 | 22 | 10 | 10 | 15 | 29 | 16 | 40 | 18 | 33 | 24 | 30 |
| Operating Profit | 8 | 7 | 6 | 3 | 3 | −11 | 4 | 2 | 4 | 2 | −2 | 6 |
| OPM % | 40% | 25.5% | 38.6% | 23% | 17.7% | −64.9% | 19% | 5.8% | 18.4% | 6.9% | −10.3% | 16.1% |
| Other Income | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 2 | 2 | 1 | 2 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 9 | 8 | 8 | 4 | 4 | −10 | 5 | 4 | 5 | 3 | −1 | 9 |
| Tax % | 25.6% | 22.8% | 25.8% | 25.8% | 26.4% | −24.3% | 29.7% | 25.1% | 25.6% | 23.9% | −31.2% | 25.7% |
| Net Profit | 6 | 6 | 6 | 3 | 3 | −8 | 3 | 3 | 4 | 3 | −1 | 6 |
| EPS in Rs | 11.96 | 12.21 | 10.66 | 5.43 | 6.18 | −14.71 | 6.29 | 6.12 | 7.29 | 4.84 | −1.21 | 12.04 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 19%
- 3 Years
- 18%
- TTM
- 18%
- 10 Years
- −3%
- 5 Years
- 10%
- 3 Years
- −24%
- TTM
- 492%
- 10 Years
- 10%
- 5 Years
- 22%
- 3 Years
- −19%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 13%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| De Nora India | ₹ 708.00 | ₹ 374 Cr. | 30.9x | 2.8x | 7% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Deepak Nagvekar
- Chief Financial Officer, Additional Whole-time Director
- Shrikant Ashok Pai
- Company Secretary and Compliance Officer
- Vinay Chopra
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.