D-Link (India) Ltd. (DLINKINDIA) AI Stock Analysis

D-Link (India) Ltd.

(NSE:DLINKINDIA)

Select Model

Rating:74Outperform

Price Target:INR 471.00▲(18.80% Upside)

Action:reiterated

Date:08/17/26

The stock earns a solid score driven primarily by strong fundamentals—robust revenue growth, high ROE, and a very conservative balance sheet—supported by an appealing valuation with a moderate P/E and high dividend yield, while being meaningfully dragged down by weak recent cash flow trends and a clearly negative, oversold technical picture.

Positive Factors

Steady Revenue GrowthConsistent revenue expansion indicates sustained demand for networking and connectivity products across consumer, SMB, enterprise and service-provider markets, supporting the company’s ability to grow its operating base over the next several quarters.

Negative Factors

Margin CompressionThe sharp decline in gross and operating margins signals pricing pressure, higher input costs or an unfavorable product mix. If persistent, it could reduce the benefit of revenue growth and constrain earnings quality.

D-Link (India) Ltd. (DLINKINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 14.07B
Dividend Yield: 5.03%
Average Volume (3M): 6,815
Price to Earnings (P/E): 13.1
Beta (1Y): 1.26
Revenue Growth: 20.48%
EPS Growth: 2.16%
Country: India
Employees: 249
Sector: General
Sector Strength: 55
Industry: Communication Equipment

D-Link (India) Ltd. Business Overview & Revenue Model

Company Description

D-Link (India) Limited specializes in the marketing and distribution of D-Link branded networking equipment throughout India. Its extensive customer base includes individual consumers, small to large-scale businesses, and service providers. The compa...

How the Company Makes Money

D-Link (India) Ltd. primarily makes money by selling networking and connectivity hardware and related solutions in the Indian market. Key revenue streams typically include: (1) Sales of networking equipment to enterprises and SMBs—products such as Et...

D-Link (India) Ltd. Financial Statement Overview

Summary

Income statement shows strong, sustained revenue growth and stable net profit/EBIT margins, while the balance sheet is exceptionally robust with low leverage and high ROE; this is partially offset by recent volatility and weakness in operating and free cash flow.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	16.73B	15.66B	13.84B	12.35B	11.81B	9.18B
Gross Profit	1.97B	1.77B	2.19B	1.50B	1.97B	1.18B
EBITDA	1.48B	1.49B	1.47B	1.31B	1.22B	625.94M
Net Income	1.07B	1.04B	1.04B	926.30M	863.61M	422.88M
Balance Sheet
Total Assets	0	8.11B	7.48B	6.95B	6.29B	5.13B
Cash, Cash Equivalents and Short-Term Investments	2.02B	2.02B	2.49B	2.20B	1.31B	1.35B
Total Debt	0	148.05M	41.90M	76.73M	100.78M	35.72M
Total Liabilities	-5.06B	3.06B	2.73B	2.60B	2.51B	2.10B
Stockholders Equity	5.06B	5.06B	4.75B	4.35B	3.78B	3.03B
Cash Flow
Free Cash Flow	415.46M	150.00M	897.14M	1.20B	50.22M	323.51M
Operating Cash Flow	425.18M	168.04M	899.63M	1.21B	58.93M	334.93M
Investing Cash Flow	-88.03M	626.75M	-59.26M	-667.25M	-50.32M	-185.32M
Financing Cash Flow	-568.59M	-801.00M	-707.58M	-414.01M	-154.46M	-112.39M

D-Link (India) Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price396.45

Price Trends

50DMA423.84Negative

100DMA445.29Negative

200DMA424.16Negative

Market Momentum

MACD-5.76Negative

RSI40.53Neutral

STOCH54.17Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DLINKINDIA, the sentiment is Negative. The current price of 396.45 is below the 20-day moving average (MA) of 409.20, below the 50-day MA of 423.84, and below the 200-day MA of 424.16, indicating a bearish trend. The MACD of -5.76 indicates Negative momentum. The RSI at 40.53 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DLINKINDIA.

D-Link (India) Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:DLINKINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DLINKINDIA	74Outperform	INR 14.08B	13.11	―	5.03%	20.48%	2.16%
IN:CPPLUS	62Neutral	INR 467.39B	93.28	―	0.04%	―	―
IN:HFCL	61Neutral	INR 354.03B	40.29	―	0.09%	101.01%	2852.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:STLTECH	55Neutral	INR 425.43B	54.17	―	―	63.47%	―
IN:TEJASNET	47Neutral	INR 71.48B	-8.83	―	0.62%	-70.27%	-100.11%
IN:ITI	40Underperform	INR 207.41B	78.81	―	―	-41.28%	―

* General Sector Average

Performance Comparison

IN:DLINKINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:DLINKINDIA	D-Link (India) Ltd.	396.45	-27.79	-6.55%
IN:HFCL	HFCL Limited	231.30	153.68	198.00%
IN:ITI	ITI Limited	215.85	-111.10	-33.98%
IN:STLTECH	Sterlite Technologies Limited	827.60	706.05	580.87%
IN:TEJASNET	Tejas Networks Ltd.	401.25	-133.50	-24.96%
IN:CPPLUS	Aditya Infotech Limited	3811.45	2486.50	187.67%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

D-Link (India) Ltd. AI Stock Analysis