De Nora India Limited

BSE: DENORA590031ISIN INE244A01016

Industrials
Electrodes & Refractories
BSE Industrials

Share price

₹695.80-24.30 (-3.37%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹962.20
52W low: ₹563.00
Off 52W high: -27.69%
1M return: -4.64%
3M return: -20.99%
6M return: -8.66%
1Y return: -14.47%
20D avg volume: 383
50 DMA: ₹756.47
200 DMA: ₹755.76

Key ratios Standalone

Market cap: ₹369.37 Cr
Current price: ₹695.80
52W high / low: ₹962.20 / ₹563.00
Face value: ₹10.00
P/E: 64.55
P/B: 2.96
EPS (TTM): ₹10.78
Book value / share: ₹235.07
ROE: 4.59%
ROCE: 9.20%
Operating margin: -13.72%
Net margin: -12.17%
Debt / equity: 0.00
Net debt: ₹-16.96 Cr
Interest cover: —
Dividend yield: 0.57%
Dividend / share (TTM): ₹4.00
Payout: 37.11%
Cash conversion cycle: 96.3 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	21.36	35.27	21.97	35.84	21.84	41.97	20.13	17.56	18.14	12.76	16.18	29.40
	0.37	3.45	1.87	1.43	1.70	2.36	1.37	1.50	1.65	1.34	1.71	1.19
	21.73	38.72	23.84	37.27	23.54	44.33	21.50	19.06	19.78	14.10	17.89	30.59
	25.20	30.12	24.77	33.89	18.34	39.98	16.75	29.39	15.34	10.22	10.28	22.20
	14.36	17.29	15.54	25.02	10.90	14.91	14.79	14.39	3.81	4.48	2.91	8.41
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	1.77	1.88	1.90	1.88	1.47	1.73	1.72	1.57	1.57	1.55	1.54	1.22
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.54	0.54	0.53	0.52	0.52	0.46	0.45	0.44	0.42	0.40	0.35	0.29
	5.30	8.77	6.77	10.20	8.32	14.20	5.75	6.10	5.11	5.15	4.91	6.35
	-3.47	8.60	-0.93	3.38	5.21	4.34	4.76	-10.32	4.44	3.88	7.61	8.38
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	-3.47	8.60	-0.93	3.38	5.21	4.34	4.76	-10.32	4.44	3.88	7.61	8.38
	-0.87	2.21	0.29	0.81	1.33	1.09	1.42	2.51	1.16	1.00	1.95	1.91
	-2.60	6.39	-0.64	2.57	3.87	3.25	3.34	-7.81	3.28	2.88	5.66	6.48
	-4.90	12.04	-1.20	4.84	7.29	6.12	6.29	-14.71	6.18	5.43	10.66	12.20
Key metrics
	-2.93	9.14	-0.40	3.90	5.73	4.80	5.21	-9.88	4.86	4.28	7.96	8.67
	-13.70%	25.90%	-1.80%	10.90%	26.20%	11.40%	25.90%	-56.30%	26.80%	33.50%	49.20%	29.50%
	-12.20%	18.10%	-2.90%	7.20%	17.70%	7.70%	16.60%	-44.50%	18.10%	22.60%	35.00%	22.00%
	-2.60%	—	-0.70%	—	4.10%	—	4.00%	—	—	—	—	—
	-2.20%	-16.00%	9.10%	104.10%	20.40%	228.90%	24.40%	-40.30%	—	—	—	—
	-167.20%	96.60%	-119.20%	132.90%	18.00%	12.80%	-41.00%	-220.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	114.44	121.62	68.58	73.80	73.58	74.17
	7.12	7.36	5.86	5.20	3.85	0.96
	121.56	128.98	74.45	79.00	77.44	75.12
	113.98	116.98	71.69	53.77	50.28	54.17
	72.21	66.37	37.47	20.40	26.71	27.48
	0.00	0.00	0.00	—	—	—
	7.43	6.99	6.41	5.82	6.23	5.75
	0.00	0.00	0.00	—	0.01	0.15
	2.13	2.04	1.70	1.15	1.37	2.67
	31.04	39.49	35.88	21.74	16.36	15.43
	7.58	12.00	2.76	25.23	27.15	20.96
	0.00	0.00	0.00	—	—	—
	7.58	12.00	2.76	25.23	27.15	20.96
	2.44	2.94	1.06	6.22	6.88	5.51
	5.72	9.06	1.69	19.01	20.28	15.45
	10.78	17.06	3.19	35.80	38.19	29.10
Key metrics
	9.71	14.04	4.46	26.38	28.53	23.78
	8.48%	11.50%	6.50%	35.70%	38.80%	32.10%
	5.00%	7.40%	2.50%	25.80%	27.60%	20.80%
	—	9.20%	2.30%	—	—	—
	12.75%	77.30%	-7.10%	0.30%	-0.80%	—
	115.85%	436.10%	-91.10%	-6.30%	31.30%	—
	—	8.18	-0.10	—	—	—
	—	1.35	1.85	—	—	—
	—	0.00	0.00	—	—	—
	—	-16.96	-8.05	—	—	—
	—	96.3	205.2	—	—	—
Balance sheet
	—	159.80	142.31	—	—	—
	—	120.98	108.65	—	—	—
	—	16.96	8.05	—	—	—
	—	11.75	13.42	—	—	—
	—	30.84	31.33	—	—	—
	—	1.10	0.57	—	—	—
	—	17.65	14.23	—	—	—
	—	10.52	6.18	—	—	—
	—	30.06	21.85	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	129.34	120.15	—	—	—
Cash flow
	—	12.23	3.13	—	—	—
	—	-3.31	0.74	—	—	—
	—	0.00	-1.06	—	—	—
	—	4.05	3.23	—	—	—

Compounded growth

Sales CAGR 3Y: +18.24%
Sales CAGR 5Y: —
Profit CAGR 3Y: -23.55%
Profit CAGR 5Y: —
Sales YoY (TTM): +12.75%
Profit YoY (TTM): +115.85%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 53.68%

Quarter	September 2026	June 2026
Promoter %	53.68%	53.68%

Holder	Type	Holding	Previous	Change
Oronzio De Nora International B.V.	Promoter	53.68%	53.68%	0.00%
BHARAT AJAY KAPADIA	Public	1.41%	1.41%	0.00%
LALAN AJAY KAPADIA	Public	1.41%	1.41%	0.00%
MANI NATH BHUSHAN	Public	1.40%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.38%	1.38%	0.00%
De Nora Deutschland GmbH	Promoter Group	0.00%	0.00%	0.00%
Shotec GmbH	Promoter Group	0.00%	0.00%	0.00%
Industrie De Nora S.p.A.	Promoter Group	0.00%	0.00%	0.00%
De Nora Permelec Ltd	Promoter Group	0.00%	0.00%	0.00%
De Nora Hong Kong Ltd	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Graphite India Ltd.	14,483	741.90	73.43	4.40%	+21.02% TTM	-4.22% TTM	+20.99%
HEG Advanced Materials Limited	9,744	288.45	18.24	6.70%	+1.43% TTM	+102.26% TTM	—
RAGHAV PRODUCTIVITY ENHANCERS LIMITED	8,169	1,805.40	117.62	27.70%	+38.23% TTM	+55.04% TTM	+99.93%
Vesuvius India Ltd. S	7,476	370.05	—	—	+4.43% TTM	+3.24% TTM	-25.07%
RHI MAGNESITA INDIA LIMITED	7,451	364.80	-21.30	-7.20%	+8.45% TTM	-314.43% TTM	-23.35%
IFGL Refractories Limited	1,259	172.25	30.28	4.90%	+15.37% TTM	+40.53% TTM	-29.62%
FOSECO CRUCIBLE INDIA LIMITED S	1,016	1,798.75	35.11	18.90%	+5.61% TTM	+13.45% TTM	+15.53%
ORIENT CERATECH LIMITED	467	38.86	17.80	9.90%	+24.03% TTM	+130.83% TTM	+6.47%
De Nora India Limited S	362	695.80	64.55	9.20%	+12.75% TTM	+115.85% TTM	-14.47%
Panasonic Carbon India Co.Ltd S	188	388.90	9.72	16.00%	-9.34% TTM	-9.27% TTM	-20.33%
Nilachal Refractories Ltd. S	71	36.08	-9.70	164.60%	+40.40% TTM	+64.12% TTM	-8.03%

Filings & corporate actions

Recent announcements

Newspaper publication of extract of unaudited financial results for the quarter ended September 30, 20264 Nov 2026 · Company Update / Newspaper Publication
Unaudited Financial Results for the quarter and half year ended September 30, 20263 Nov 2026 · Result / Financial Results
Outcome of Board meeting held on November 3, 20263 Nov 2026 · Board Meeting / Outcome of Board Meeting
De Nora India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve the financial results for the ....23 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 202612 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper publication regarding special window for transfer and dematerialisation of physical securities8 Oct 2026 · Company Update / Newspaper Publication
Intimation of closure of trading window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Voting results along with Scrutinisers report23 Sep 2026 · AGM/EGM / AGM
Proceedings of 37th Annual General Meeting of the Company23 Sep 2026 · AGM/EGM / AGM
Newspaper publication regarding dispatch of Notice of AGM and E-voting information27 Aug 2026 · Company Update / Newspaper Publication
Intimation of Notice of 37th Annual General meeting26 Aug 2026 · AGM/EGM / AGM
Annual Report for the financial year 2025-2626 Aug 2026 · Others / Reg. 34 (1) Annual Report
Newspaper advertisement relating to 37th Annual General Meeting of the Company18 Aug 2026 · Company Update / Newspaper Publication
Intimation regarding updation of PAN and KYC details by holders of securities in physical form13 Aug 2026 · Company Update / General
Newspaper publication of special window for transfer and dematerialisation of physical securities11 Aug 2026 · Company Update / Newspaper Publication
Newspaper publication of extract of Unaudited Financial Results for the quarter ended June 30, 202631 Jul 2026 · Company Update / Newspaper Publication
Financial results for the quarter ended June 30, 202630 Jul 2026 · Result / Financial Results
Record date for the purpose of Dividend30 Jul 2026 · Corp. Action / Record Date
Outcome of the Board Meeting held on July 30, 202630 Jul 2026 · Board Meeting / Outcome of Board Meeting
De Nora India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve the unaudited financial results ....21 Jul 2026 · Board Meeting / Board Meeting
Compliance Certificate under regulation 74(5) of SEBI(DP) Regulations, 201813 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window.25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Copy of Newspaper Publication regarding Special Window for Transfer and Dematerialisation of Physical Securities.9 Jun 2026 · Company Update / Newspaper Publication
Copy of Newspaper Publication of Extract of Audited Financial Results for the year ended March 31, 2026.5 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026.5 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Dividend recommended by the Board4 May 2026 · Corp. Action / Dividend
Outcome of Board Meeting held on May 4, 2026.4 May 2026 · Result / Financial Results
Outcome of Board Meeting held on Monday, May 4, 2026.4 May 2026 · Board Meeting / Outcome of Board Meeting
Declaration of Results of Postal Ballot through remote e-voting with the Scrutinizer''s Report.2 May 2026 · AGM/EGM / Postal Ballot
De Nora India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/05/2026 ,inter alia, to consider and approve The Audited Financial Results ....22 Apr 2026 · Board Meeting / Board Meeting
Certificate under Reg.74(5) of SEBI(DP) Regulations, 2018.9 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Copy of Newspaper Publication regarding Special Window for Transfer and Dematerialisation of physical securities.7 Apr 2026 · Company Update / Newspaper Publication
Newspaper Publication for Completion of dispatch of Postal Ballot Notice.26 Mar 2026 · Company Update / Newspaper Publication
Intimation of closure of Trading Window.25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Notice of Postal Ballot dated March 17, 2026.25 Mar 2026 · AGM/EGM / Postal Ballot
Outcome of Board Meeting held on March 17, 2026.17 Mar 2026 · Others / Outcome without intimation
Announcement under Regulation 30 (LODR)- Newspaper Publication for Transfer and Dematerialisation of Physical Securities.9 Feb 2026 · Company Update / Newspaper Publication
Newspaper Publication of Extract of Unaudited Financial Results for the quarter ended December 31, 2025.4 Feb 2026 · Company Update / Newspaper Publication
Outcome of Board Meeting held on Tuesday, February 3, 20263 Feb 2026 · Board Meeting / Outcome of Board Meeting
De Nora India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/02/2026 ,inter alia, to consider and approve unaudited financial results for ....23 Jan 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 4.0000	16 Sep 2026	16 Sep 2026	—
Final Dividend - Rs. - 2.0000	17 Sep 2024	—	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
30 Jul 2026 Board Meeting - Financial Results