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De Nora India (DENORA)₹686.70−0.56%Electrodes & Refractories
In the Jun 2026 quarter (standalone), De Nora India reported sales of ₹35.28 Cr, down 15.9% from Jun 2025, and net profit of ₹6.40 Cr, up 96.3% year on year. For the year to Mar 2026, sales were ₹122 Cr and net profit ₹9.02 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| 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 | 19.07 | 29.39 | 16.17 | 12.75 | 18.11 | 17.54 | 20.11 | 41.96 | 21.83 | 35.83 | 21.96 | 35.28 |
| Expenses | 11.40 | 21.82 | 9.90 | 9.79 | 14.87 | 28.84 | 16.25 | 39.36 | 17.77 | 33.23 | 24.16 | 29.46 |
| Operating Profit | 7.62 | 7.48 | 6.24 | 2.93 | 3.20 | −11.36 | 3.82 | 2.43 | 4.01 | 2.47 | −2.26 | 5.68 |
| OPM % | 40.1% | 25.5% | 38.7% | 23.1% | 17.8% | −64.8% | 19.0% | 5.8% | 18.5% | 6.9% | −10.3% | 16.2% |
| Other Income | 1.15 | 1.20 | 1.72 | 1.35 | 1.66 | 1.51 | 1.38 | 2.37 | 1.71 | 1.44 | 1.88 | 3.46 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.24 | 0.28 | 0.34 | 0.39 | 0.41 | 0.43 | 0.44 | 0.45 | 0.51 | 0.51 | 0.52 | 0.53 |
| Profit before tax | 8.54 | 8.41 | 7.62 | 3.89 | 4.45 | −10.34 | 4.76 | 4.35 | 5.21 | 3.40 | −0.94 | 8.61 |
| Tax % | 25.6% | 22.8% | 25.8% | 25.9% | 26.5% | −24.2% | 29.8% | 25.2% | 25.7% | 24.0% | −31.1% | 25.8% |
| Net Profit | 6.37 | 6.49 | 5.67 | 2.89 | 3.29 | −7.83 | 3.35 | 3.26 | 3.88 | 2.58 | −0.65 | 6.40 |
| EPS (Rs) | 11.92 | 12.16 | 10.62 | 5.41 | 6.16 | −14.66 | 6.27 | 6.09 | 7.26 | 4.82 | −1.20 | 11.99 |
| Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 50.97 | 26.98 | 26.96 | 32.98 | 47.97 | 50.97 | 73.93 | 73.97 | 73.94 | 68.93 | 122 | 115 |
| Expenses | 34.85 | 24.90 | 24.92 | 31.88 | 37.88 | 41.84 | 50.84 | 48.79 | 51.83 | 69.79 | 115 | 105 |
| Operating Profit | 15.97 | 1.99 | 1.99 | 0.00 | 10.99 | 7.99 | 22.94 | 24.97 | 20.96 | −0.99 | 6.99 | 9.90 |
| OPM % | 30.0% | 8.0% | 8.0% | 1.5% | 22.0% | 17.1% | 31.0% | 34.1% | 29.1% | −1.8% | 6.0% | 8.6% |
| Other Income | 4.01 | 3.01 | 3.01 | 4.01 | 2.01 | 2.01 | 1.01 | 4.01 | 5.01 | 6.01 | 7.01 | 8.49 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.99 | 0.99 | 1.99 | 2.99 | 2.99 | 2.99 | 2.99 | 0.99 | 0.99 | 1.99 | 1.99 | 2.07 |
| Profit before tax | 18.03 | 4.01 | 3.01 | 2.01 | 10.01 | 8.01 | 21.03 | 27.04 | 25.01 | 3.01 | 12.01 | 16.28 |
| Tax % | 33.1% | 33.1% | 45.1% | 13.1% | 22.1% | 25.1% | 26.1% | 25.1% | 25.1% | 38.1% | 25.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | −0.99 | 0.00 | — |
| Net Profit | 12.02 | 3.01 | 2.01 | 2.01 | 8.02 | 6.01 | 15.04 | 20.05 | 19.03 | 2.01 | 9.02 | 12.21 |
| EPS (Rs) | 22.47 | 5.59 | 3.17 | 2.99 | 15.25 | 10.60 | 28.99 | 38.07 | 35.66 | 3.17 | 17.02 | 22.87 |
| Dividend payout % | 18.0% | 36.0% | 31.0% | 0.0% | 0.0% | 9.0% | 3.0% | 5.0% | 6.0% | 0.0% | 23.0% | — |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.99 | 4.99 | 4.99 | 5.01 | 5.01 | 5.01 | 4.99 | 4.99 | 5.00 | 5.01 | 5.00 | 4.99 |
| Reserves | 33.97 | 42.92 | 46.95 | 46.91 | 47.95 | 55.93 | 61.92 | 76.90 | 95.92 | 114 | 115 | 124 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 9.02 | 12.05 | 12.06 | 11.05 | 11.94 | 12.94 | 12.96 | 12.06 | 14.06 | 7.04 | 22.10 | 30.15 |
| Total Liabilities | 48.98 | 59.96 | 64.00 | 62.97 | 64.90 | 74.87 | 79.87 | 93.95 | 116 | 127 | 142 | 160 |
| Fixed Assets | 6.98 | 6.98 | 6.98 | 13.95 | 11.95 | 9.97 | 9.96 | 6.98 | 7.97 | 12.95 | 14.96 | 17.94 |
| CWIP | 0.99 | 1.99 | 6.98 | 0.00 | 0.00 | 0.99 | 0.00 | 0.99 | 1.99 | 1.99 | 2.99 | 0.00 |
| Investments | 14.06 | 19.06 | 20.09 | 20.07 | 14.05 | 5.02 | 4.01 | 23.09 | 42.16 | 54.18 | 52.22 | 57.24 |
| Other Assets | 25.95 | 31.93 | 28.95 | 28.95 | 39.90 | 59.89 | 65.90 | 61.89 | 63.86 | 56.85 | 72.86 | 83.81 |
| Inventories | 6.69 | 5.91 | 5.09 | 6.81 | 16.92 | 25.89 | 19.40 | 23.80 | 28.58 | 27.48 | 31.29 | 30.77 |
| Trade receivables | 11.62 | 10.45 | 5.99 | 4.76 | 5.49 | 12.84 | 10.90 | 11.77 | 17.04 | 10.21 | 13.43 | 11.76 |
| Cash & equivalents | 2.08 | 1.37 | 12.72 | 10.97 | 11.65 | 14.41 | 29.85 | 21.22 | 15.21 | 7.92 | 11.12 | 20.40 |
| Total Assets | 48.98 | 59.96 | 64.00 | 62.97 | 64.90 | 74.87 | 79.87 | 93.95 | 116 | 127 | 142 | 160 |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 9.97 | 13.94 | 6.97 | 1.99 | −5.98 | −6.97 | 15.94 | 11.95 | 13.95 | 15.94 | 2.99 | 11.95 |
| Cash from investing activity | −8.01 | −11.99 | −2.99 | −1.99 | 7.01 | 6.99 | 1.01 | −16.01 | −23.99 | −14.01 | 0.99 | −3.01 |
| Cash from financing activity | −3.01 | −1.01 | −3.01 | −1.01 | −1.01 | 1.01 | −1.01 | −1.01 | −1.01 | −1.01 | −1.01 | 0.00 |
| Net cash flow | −0.99 | 0.99 | 0.99 | −1.99 | 0.99 | 0.99 | 15.96 | −4.99 | −9.96 | 0.99 | 2.99 | 8.97 |
| Capex | 0.00 | 1.89 | 3.98 | 4.37 | 0.86 | 1.19 | 1.56 | 1.07 | 3.65 | 6.92 | 3.22 | 4.04 |
| Free cash flow | 9.03 | 12.03 | 3.01 | −2.01 | −7.02 | −8.03 | 15.05 | 11.03 | 11.03 | 9.03 | 0.00 | 8.02 |
| CFO / OP % | 213.1% | 131.1% | 451.1% | 163.1% | −1,093.9% | −46.0% | 203.1% | 74.1% | 86.1% | 106.1% | −597.9% | 251.1% |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 139 | 75 | 82 | 64 | 61 | 97 | 79 | 58 | 84 | 51 | 71 | 35 |
| Inventory days | 230 | 131 | 199 | 399 | 517 | 472 | 274 | 289 | 398 | 402 | 414 | 165 |
| Days payable | 68 | 81 | 115 | 265 | 183 | 84 | 48 | 38 | 92 | 52 | 82 | 57 |
| Cash conversion cycle | 301 | 124 | 165 | 198 | 395 | 485 | 304 | 308 | 390 | 400 | 402 | 143 |
| Working capital days | 144 | 45 | 14 | 48 | 136 | 218 | 156 | 132 | 164 | 157 | 128 | 212 |
| ROCE % | 16.0% | 41.0% | 9.0% | 6.0% | 4.0% | 18.1% | 12.1% | 28.1% | 30.1% | 22.0% | 1.0% | 10.1% |
For the Jun 2026 quarter, De Nora India reported sales of ₹35.28 Cr, down 15.9% year on year and net profit of ₹6.40 Cr, up 96.3% year on year. The operating margin was 16.2%.
De Nora India's sales for the year to Mar 2026 were ₹122 Cr; over the last twelve months they were ₹115 Cr.
Net profit for the year to Mar 2026 was ₹9.02 Cr, and ₹12.21 Cr over the last twelve months. Earnings per share over the same trailing period were ₹22.87.
De Nora India reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹20.40 Cr.
Cash from operations was ₹11.95 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹8.02 Cr.