About
D & H India Limited engages in manufacturing and dealing of welding electrodes in India. It offers SMAW/MMAW consumables, tig and mig wires, flux cored wires, submerged arc welding fluxes and wires, and repair and maintenance welding electrode. The company also provides CO2 wires, flux powder, and stainless steel wires. It serves power, oil and petrochemical, steel, railway, cement plant, sugar and distillery, earth moving and mining, ship building and marine, and heavy engineering fabrication sectors. The company was formerly known as D&H Welding Electrodes (India) Ltd. and changed its name to D & H India Limited in April 2012. D & H India Limited was incorporated in 1985 and is headquartered in Indore, India.
Key Metrics
as of Sep 2026Market Cap171 Cr
P/E19.00
Div Yield0.00 %
Book Value₹76.10
52w High₹305.00
52w Low₹113.00
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 | 65.96 | 72.24 | 61.95 | 65.62 | 52.90 | 59.15 | 55.20 | 50.31 | 44.47 | 46.18 | 42.90 | 35.50 | 33.25 |
| Expenses | 62.24 | 67.47 | 56.02 | 61.65 | 49.24 | 54.68 | 51.05 | 47.18 | 41.70 | 43.35 | 40.17 | 33.40 | 31.41 |
| Operating Profit | 3.72 | 4.77 | 5.93 | 3.97 | 3.66 | 4.47 | 4.15 | 3.13 | 2.77 | 2.83 | 2.73 | 2.10 | 1.84 |
| OPM % | 5.64 | 6.60 | 9.57 | 6.05 | 6.92 | 7.56 | 7.52 | 6.22 | 6.23 | 6.13 | 6.36 | 5.92 | 5.53 |
| Other Income | 0.39 | 0.85 | 0.17 | 0.24 | 0.18 | 0.45 | 0.04 | 0.03 | 0.01 | 0.12 | 0.02 | 0.02 | 0.02 |
| Depreciation | 0.89 | 1.07 | 0.85 | 0.87 | 0.83 | 0.73 | 0.88 | 0.68 | 0.68 | 0.63 | 0.51 | 0.47 | 0.47 |
| Interest | 0.67 | 0.70 | 1.55 | 1.40 | 1.26 | 1.27 | 1.21 | 1.04 | 1.01 | 0.78 | 0.81 | 0.72 | 0.69 |
| Profit before tax | 2.55 | 3.85 | 3.70 | 1.94 | 1.75 | 2.92 | 2.10 | 1.44 | 1.09 | 1.54 | 1.43 | 0.93 | 0.70 |
| Tax % | 22.35 | 39.74 | 15.14 | 18.04 | 23.43 | 31.16 | 19.52 | 54.17 | 27.52 | 64.29 | 30.07 | 44.09 | 12.86 |
| Net Profit | 1.98 | 2.32 | 3.14 | 1.58 | 1.34 | 2.02 | 1.69 | 0.65 | 0.79 | 0.55 | 1.01 | 0.53 | 0.62 |
| EPS in Rs | 1.93 | 2.27 | 3.08 | 1.55 | 1.31 | 1.98 | 1.66 | 0.64 | 0.77 | 0.54 | 0.99 | 0.52 | 0.61 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 253.00 | 209.00 | 158.00 | 139.00 | 91.00 | 68.00 | 79.00 | 79.00 | 69.00 | 60.00 | 63.00 | 66.00 |
| Expenses | 234.00 | 194.00 | 148.00 | 129.00 | 86.00 | 66.00 | 77.00 | 74.00 | 65.00 | 56.00 | 59.00 | 63.00 |
| Operating Profit | 18.00 | 15.00 | 10.00 | 9.00 | 5.00 | 2.00 | 2.00 | 6.00 | 3.00 | 4.00 | 3.00 | 3.00 |
| OPM % | 7.00 | 7.00 | 6.00 | 7.00 | 5.00 | 3.00 | 2.40 | 7.00 | 5.00 | 6.00 | 5.00 | 5.00 |
| Other Income | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Interest | 5.00 | 5.00 | 3.00 | 2.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Depreciation | 4.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Profit before tax | 11.00 | 8.00 | 5.00 | 6.00 | 2.00 | -1.00 | -2.00 | 2.00 | 0.00 | 0.00 | 0.00 | 2.00 |
| Tax % | 25.00 | 32.00 | 41.00 | 26.00 | -7.00 | -18.00 | -9.00 | 22.00 | 40.00 | 42.00 | 38.00 | 27.00 |
| Net Profit | 8.00 | 5.00 | 3.00 | 4.00 | 2.00 | -1.00 | -2.00 | 2.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| EPS in Rs | 8.19 | 5.05 | 2.65 | 4.35 | 2.58 | -0.84 | -1.85 | 2.05 | 0.20 | 0.31 | 0.31 | 1.27 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 31.00 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 68.00 | 39.00 | 34.00 | 30.00 | 24.00 | 22.00 | 23.00 | 25.00 | 23.00 | 23.00 | 22.00 | 22.00 |
| Borrowings | 47.00 | 53.00 | 38.00 | 28.00 | 21.00 | 15.00 | 16.00 | 16.00 | 13.00 | 15.00 | 14.00 | 10.00 |
| Other Liabilities | 27.00 | 22.00 | 22.00 | 19.00 | 14.00 | 12.00 | 15.00 | 17.00 | 19.00 | 16.00 | 15.00 | 17.00 |
| Total Liabilities | 151.00 | 121.00 | 101.00 | 85.00 | 66.00 | 56.00 | 61.00 | 65.00 | 63.00 | 60.00 | 59.00 | 56.00 |
| Fixed Assets | 46.00 | 39.00 | 29.00 | 21.00 | 17.00 | 14.00 | 16.00 | 18.00 | 19.00 | 21.00 | 22.00 | 22.00 |
| CWIP | 1.00 | 0.00 | 4.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 102.00 | 81.00 | 68.00 | 63.00 | 49.00 | 41.00 | 45.00 | 47.00 | 43.00 | 39.00 | 37.00 | 34.00 |
| Total Assets | 151.00 | 121.00 | 101.00 | 85.00 | 66.00 | 56.00 | 61.00 | 65.00 | 63.00 | 60.00 | 59.00 | 56.00 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 22.00 | -2.00 | 0.00 | 5.00 | 1.00 | 2.00 | 0.00 | -1.00 | 2.00 | 2.00 | -1.00 | 1.00 |
| Cash from Investing Activity | -25.00 | -7.00 | -14.00 | -9.00 | -5.00 | -1.00 | 1.00 | 0.00 | 0.00 | -2.00 | 0.00 | -1.00 |
| Cash from Financing Activity | 16.00 | 11.00 | 15.00 | 4.00 | 4.00 | -2.00 | -1.00 | 1.00 | -3.00 | -1.00 | 2.00 | 1.00 |
| Net Cash Flow | 13.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | 11.00 | -12.00 | -14.00 | 0.00 | -3.00 | 1.00 | 0.00 | -2.00 | 2.00 | 2.00 | -2.00 | -2.00 |
| CFO/OP % | 131.00 | -7.00 | 6.00 | 69.00 | 24.00 | 100.00 | 17.00 | -18.00 | 66.00 | 64.00 | -20.00 | 53.00 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51.00 | 89.00 | 80.00 | 74.00 | 73.00 | 88.00 | 74.00 | 76.00 | 80.00 | 81.00 | 85.00 | 64.00 |
| Inventory Days | 66.00 | 52.00 | 76.00 | 96.00 | 138.00 | 161.00 | 164.00 | 172.00 | 180.00 | 202.00 | 161.00 | 151.00 |
| Days Payable | 26.00 | 29.00 | 46.00 | 48.00 | 51.00 | 54.00 | 62.00 | 77.00 | 100.00 | 86.00 | 81.00 | 79.00 |
| Cash Conversion Cycle | 90.00 | 112.00 | 110.00 | 122.00 | 161.00 | 194.00 | 176.00 | 172.00 | 160.00 | 196.00 | 165.00 | 137.00 |
| Working Capital Days | 53.00 | 47.00 | 52.00 | 67.00 | 80.00 | 106.00 | 76.00 | 79.00 | 71.00 | 67.00 | 64.00 | 49.00 |
| ROCE % | 14.00 | 13.00 | 10.00 | 13.00 | 7.00 | 1.00 | 1.00 | 9.00 | 4.00 | 5.00 | 5.00 | 7.00 |
Corporate Actions
11 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 30 Jan 2026 | 31 Jan 2026 | — | — | Right Issue of Equity Shares |
| Other | 28 Oct 2020 | — | — | — | E.G.M. |
| Dividend | 22 Sep 2015 | — | — | 0.50 | |
| Dividend | 24 Sep 2014 | — | — | 0.50 | |
| Dividend | 19 Sep 2013 | — | — | 0.50 | |
| Dividend | 20 Sep 2012 | — | — | 0.50 | |
| Dividend | 13 Sep 2011 | — | — | 0.50 | |
| Dividend | 23 Sep 2010 | — | — | 0.50 | |
| Dividend | 23 Sep 2009 | — | — | 1.00 | |
| Dividend | 15 Sep 2008 | — | — | 1.00 | |
| Dividend | 17 Sep 2007 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update9 Jul from infomerics
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Rating update15 Jun from care
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Rating update23 May 2025 from infomerics
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Rating update28 Mar 2025 from care
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Rating update8 Mar 2024 from care
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Rating update20 Jan 2023 from care