About
De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally. The company offers anodes for chlorine and oxygen evolution; cathodes for hydrogen evolution; disinfection systems; electrodes for metal winning; electrodes and accessories for cathodic protection; membrane technologies; and water technology products. It is also involved in the manufacturing and recoating of anodes and cathodes for electrolytic processes in the chlor-alkali industry. In addition, it provides chlorate cells; Sanilec and Seaclor for seawater systems; Seaclor Mac, a brine-based system; LIDA MMO coated titanium anodes for ICCP; platinized anodes for surface finishing; and Solar Mac, a system that produces clean water from clean energy. It serves the energy transition; non-ferrous metal recovery; oil and gas offshore; pulp and paper; mining and metal refining and recovery; surface finishing, planting, and galvanizing; and plumbing and decorative industries. The company was formerly known as Titanor Components Limited and changed its name to De Nora India Limited in June 2007. The company was founded in 1988 and is based in Ponda, India. De Nora India Limited is a subsidiary of Oronzio De Nora International B.V.
Key Metrics
as of Sep 2026Market Cap431 Cr
P/E35.40
Div Yield0.49 %
Book Value₹244.00
52w High₹962.00
52w Low₹559.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35.27 | 21.97 | 35.84 | 21.84 | 41.97 | 20.13 | 17.56 | 18.13 | 12.76 | 16.18 | 29.40 | 19.08 | 9.14 |
| Expenses | 29.58 | 24.24 | 33.36 | 17.82 | 39.53 | 16.30 | 28.95 | 14.92 | 9.82 | 9.93 | 21.91 | 11.44 | 9.35 |
| Operating Profit | 5.69 | -2.27 | 2.48 | 4.02 | 2.44 | 3.83 | -11.39 | 3.21 | 2.94 | 6.25 | 7.49 | 7.64 | -0.21 |
| OPM % | 16.13 | -10.33 | 6.92 | 18.41 | 5.81 | 19.03 | -64.86 | 17.71 | 23.04 | 38.63 | 25.48 | 40.04 | -2.30 |
| Other Income | 3.45 | 1.87 | 1.43 | 1.70 | 2.36 | 1.37 | 1.50 | 1.65 | 1.34 | 1.71 | 1.19 | 1.14 | 1.16 |
| Depreciation | 0.54 | 0.53 | 0.52 | 0.52 | 0.46 | 0.45 | 0.44 | 0.42 | 0.40 | 0.35 | 0.29 | 0.25 | 0.25 |
| 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 | 0.00 |
| Profit before tax | 8.60 | -0.93 | 3.39 | 5.20 | 4.34 | 4.75 | -10.33 | 4.44 | 3.88 | 7.61 | 8.39 | 8.53 | 0.70 |
| Tax % | 25.70 | -31.18 | 23.89 | 25.58 | 25.12 | 29.68 | -24.30 | 26.35 | 25.77 | 25.76 | 22.77 | 25.56 | 25.71 |
| Net Profit | 6.39 | -0.64 | 2.57 | 3.87 | 3.25 | 3.34 | -7.81 | 3.28 | 2.88 | 5.66 | 6.48 | 6.35 | 0.52 |
| EPS in Rs | 12.04 | -1.21 | 4.84 | 7.29 | 6.12 | 6.29 | -14.71 | 6.18 | 5.43 | 10.66 | 12.21 | 11.96 | 0.98 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 122.00 | 69.00 | 74.00 | 74.00 | 74.00 | 51.00 | 48.00 | 33.00 | 27.00 | 27.00 | 51.00 | 31.00 |
| Expenses | 115.00 | 70.00 | 52.00 | 49.00 | 51.00 | 42.00 | 38.00 | 32.00 | 25.00 | 25.00 | 35.00 | 25.00 |
| Operating Profit | 7.00 | -1.00 | 21.00 | 25.00 | 23.00 | 8.00 | 11.00 | 0.00 | 2.00 | 2.00 | 16.00 | 5.00 |
| OPM % | 6.00 | -1.80 | 29.00 | 34.00 | 31.00 | 17.00 | 22.00 | 1.50 | 8.00 | 8.00 | 30.00 | 17.00 |
| Other Income | 7.00 | 6.00 | 5.00 | 4.00 | 1.00 | 2.00 | 2.00 | 4.00 | 3.00 | 3.00 | 4.00 | 2.00 |
| 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 | 2.00 | 2.00 | 1.00 | 1.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 12.00 | 3.00 | 25.00 | 27.00 | 21.00 | 8.00 | 10.00 | 2.00 | 3.00 | 4.00 | 18.00 | 6.00 |
| Tax % | 25.00 | 38.00 | 25.00 | 25.00 | 26.00 | 25.00 | 22.00 | 13.00 | 45.00 | 33.00 | 33.00 | 29.00 |
| Net Profit | 9.00 | 2.00 | 19.00 | 20.00 | 15.00 | 6.00 | 8.00 | 2.00 | 2.00 | 3.00 | 12.00 | 4.00 |
| EPS in Rs | 17.07 | 3.18 | 35.81 | 38.20 | 29.10 | 10.64 | 15.31 | 3.00 | 3.18 | 5.61 | 22.57 | 8.01 |
| Dividend Payout % | 23.00 | 0.00 | 6.00 | 5.00 | 3.00 | 9.00 | 0.00 | 0.00 | 31.00 | 36.00 | 18.00 | 19.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 124.00 | 115.00 | 114.00 | 96.00 | 77.00 | 62.00 | 56.00 | 48.00 | 47.00 | 47.00 | 43.00 | 34.00 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 30.00 | 22.00 | 7.00 | 14.00 | 12.00 | 13.00 | 13.00 | 12.00 | 11.00 | 12.00 | 12.00 | 9.00 |
| Total Liabilities | 160.00 | 142.00 | 127.00 | 116.00 | 94.00 | 80.00 | 75.00 | 65.00 | 63.00 | 64.00 | 60.00 | 49.00 |
| Fixed Assets | 18.00 | 15.00 | 13.00 | 8.00 | 7.00 | 10.00 | 10.00 | 12.00 | 14.00 | 7.00 | 7.00 | 7.00 |
| CWIP | 0.00 | 3.00 | 2.00 | 2.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 7.00 | 2.00 | 1.00 |
| Investments | 57.00 | 52.00 | 54.00 | 42.00 | 23.00 | 4.00 | 5.00 | 14.00 | 20.00 | 20.00 | 19.00 | 14.00 |
| Other Assets | 84.00 | 73.00 | 57.00 | 64.00 | 62.00 | 66.00 | 60.00 | 40.00 | 29.00 | 29.00 | 32.00 | 26.00 |
| Total Assets | 160.00 | 142.00 | 127.00 | 116.00 | 94.00 | 80.00 | 75.00 | 65.00 | 63.00 | 64.00 | 60.00 | 49.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 12.00 | 3.00 | 16.00 | 14.00 | 12.00 | 16.00 | -7.00 | -6.00 | 2.00 | 7.00 | 14.00 | 10.00 |
| Cash from Investing Activity | -3.00 | 1.00 | -14.00 | -24.00 | -16.00 | 1.00 | 7.00 | 7.00 | -2.00 | -3.00 | -12.00 | -8.00 |
| Cash from Financing Activity | 0.00 | -1.00 | -1.00 | -1.00 | -1.00 | -1.00 | 1.00 | -1.00 | -1.00 | -3.00 | -1.00 | -3.00 |
| Net Cash Flow | 9.00 | 3.00 | 1.00 | -10.00 | -5.00 | 16.00 | 1.00 | 1.00 | -2.00 | 1.00 | 1.00 | -1.00 |
| Free Cash Flow | 8.00 | 0.00 | 9.00 | 11.00 | 11.00 | 15.00 | -8.00 | -7.00 | -2.00 | 3.00 | 12.00 | 9.00 |
| CFO/OP % | 248.00 | -602.00 | 106.00 | 86.00 | 74.00 | 203.00 | -46.00 | -1,094.00 | 163.00 | 451.00 | 131.00 | 213.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35.00 | 71.00 | 51.00 | 84.00 | 58.00 | 79.00 | 97.00 | 61.00 | 64.00 | 82.00 | 75.00 | 139.00 |
| Inventory Days | 164.00 | 413.00 | 401.00 | 397.00 | 288.00 | 273.00 | 471.00 | 516.00 | 398.00 | 198.00 | 130.00 | 229.00 |
| Days Payable | 56.00 | 81.00 | 51.00 | 91.00 | 37.00 | 47.00 | 83.00 | 182.00 | 264.00 | 114.00 | 80.00 | 67.00 |
| Cash Conversion Cycle | 144.00 | 403.00 | 401.00 | 391.00 | 309.00 | 305.00 | 486.00 | 396.00 | 199.00 | 166.00 | 125.00 | 302.00 |
| Working Capital Days | 41.00 | 128.00 | 157.00 | 164.00 | 132.00 | 156.00 | 218.00 | 136.00 | 48.00 | 14.00 | 45.00 | 144.00 |
| ROCE % | 6.00 | 1.00 | 22.00 | 30.00 | 28.00 | 12.00 | 18.00 | 4.00 | 6.00 | 9.00 | 41.00 | 16.00 |
Corporate Actions
20 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Sep 2024 | — | — | 2.00 | |
| Dividend | 05 Sep 2023 | — | — | 2.00 | |
| Dividend | 20 Sep 2022 | — | — | 1.00 | |
| Dividend | 15 Sep 2021 | — | — | 1.00 | |
| Other | 15 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2019 | — | — | — | Annual General Meeting |
| Dividend | 18 Sep 2018 | — | — | 1.00 | |
| Dividend | 19 Sep 2017 | — | — | 2.00 | |
| Dividend | 12 Sep 2016 | — | — | 4.00 | |
| Dividend | 18 Jun 2015 | — | — | 1.50 | |
| Dividend | 08 May 2014 | — | — | 4.00 | |
| Dividend | 02 May 2013 | — | — | 7.00 | |
| Dividend | 21 Jun 2012 | — | — | 6.00 | |
| Dividend | 12 May 2011 | — | — | 5.00 | |
| Other | 26 Apr 2010 | — | — | — | Annual General Meeting |
| Dividend | 24 Apr 2009 | — | — | 2.50 | |
| Dividend | 31 Mar 2008 | — | — | 5.80 | |
| Dividend | 14 May 2007 | — | — | 6.90 | |
| Dividend | 13 Apr 2006 | — | — | 7.00 | |
| Dividend | 11 Mar 2005 | — | — | 5.00 |