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De Nora India Limited (DENORA) Stock Price & Analysis
DENORA Stock Chart & Stats
- Day’s Range
- INR 683.60 - INR 714.55
- 52-Week Range
- INR 563.00 - INR 962.20
- Previous Close
- INR 703.60
- Volume
- N/A
- Average Volume (3M)
- 333
- Market Cap
- INR 3.74B
- Enterprise Value
- INR 2.83B
- Total Cash (Recent Filing)
- INR 771.29M
- Total Debt (Recent Filing)
- INR 0
- Price to Earnings (P/E)
- 30.5
- Beta
- 0.98
- Next Earnings
- Nov 03, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 16, 2026
- Dividend Yield
- 0.56%
Bulls Say, Bears Say
Bulls Say
Debt-free Balance Sheet
A debt-free balance sheet materially reduces financial risk and interest obligations, preserving flexibility to fund operations, investments, and shareholder returns. The steady increase in equity also indicates that the company has built capital over time rather than relying on leverage to support its asset base.
Revenue Recovery
The FY2026 revenue rebound demonstrates that the business can regain top-line momentum after a weaker period. This supports the durability of customer demand for its engineered electrochemical solutions, although continued execution will be needed to convert revenue recovery into consistently stronger profits.
Broad Industrial Applications
Serving multiple industrial applications gives De Nora India exposure beyond a single end market. Its combination of electrodes, disinfection systems, electrochemical components, engineering support, and after-sales service can deepen customer relationships and create recurring opportunities across installed industrial infrastructure.
Bears Say
Margin Compression
The sharp decline in net and operating margins shows that recent revenue growth has not yet restored prior profitability levels. Persistently lower margins would reduce earnings resilience, limit internal funding for growth, and make results more sensitive to changes in project mix and operating costs.
Weak Cash Conversion
Positive cash generation remains intact, but the large free-cash-flow decline and low operating-cash-flow conversion indicate that reported earnings are not translating into liquidity as efficiently as before. This can constrain reinvestment and reduce financial flexibility even without balance-sheet debt.
Lower Return Efficiency
The decline in return on equity indicates that the enlarged capital base is currently producing less profit than in earlier strong years. Unless profitability improves, weaker capital efficiency could limit earnings compounding and reduce the economic benefit of maintaining substantial equity reserves.
De Nora India Limited News
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Company Description
De Nora India Limited
De Nora India Limited specializes in the production, sale, and servicing of electrolytic products for both domestic and global markets. A core aspect of its business involves manufacturing and applying coatings to anodes and cathodes, which are crucial for electrolytic processes, particularly within the chlor-alkali industry. The company's comprehensive offerings extend to advanced systems like Seaclor for managing seawater, Seaclor Mac for brine applications, and Solar MacTM, designed to generate clean water using sustainable energy sources. Furthermore, it provides LIDA MMO coated titanium anodes for impressed current cathodic protection (ICCP) and platinized anodes essential for surface finishing. De Nora India supports a broad spectrum of industries, encompassing agriculture, livestock, chlorine and caustic manufacturing, bleaching chemicals, corrosion prevention, electronics, energy, food, and marine sectors. Established in 1989, the company initially operated as Titanor Components Limited before rebranding to De Nora India Limited in June 2007. Based in Ponda, India, it operates as a subsidiary of Oronzio De Nora International B.V.
- Sector
- General
- Industry
- Electrical Equipment & Parts
- CEO
- Vinay Chopra
- Employees
- 45
- Website
- india.denora.com
- Address
- Kundaim Industrial Estate, Ponda, 403 115, IN
De Nora India Limited (DENORA) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 6 | 8 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 6 | 0 | 6 |
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