Debut Plus

₹699.6

▲ +21.04 +3.10%

As of 23 Oct 2026 · delayed

NSE Listed · Industrials

De Nora India Limited (DENORA)

Volume: 7,736Avg Vol 1W: 4,684Avg Vol 1M: 6,17452W Range:₹559₹960.35
NSE BSE india.denora.com AI Report
Key Ratios
Checked 3h ago
Market Cap₹371 Cr
Current Price₹699.6
Previous Close₹678.56
High / Low (52w)₹960.35 / ₹559
Volume7,736
Avg Vol (1W)4,684
Avg Vol (1M)6,174
Stock P/E30.46
Book Value₹243.58
Dividend Yield57%
ROE7%
ROA7.63%
Revenue (TTM)₹122 Cr
Revenue Growth—
Profit Margin10.61%
Total Debt—
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹22.97
P/B2.87
Debt / Equity0
50 DMA₹778.3
200 DMA₹754.23
Day change+3.10%
Price Chart
₹699.6▼ 11.49% · 1Y
₹949₹56865K
2025-10-27
2026-10-23

20-day avg volume: 7K shares

Pros
  • Pays a dividend yield of 57.0%.
  • Company is almost debt-free.
  • Revenue grew 73% YoY.
  • Net profit is growing year over year.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹18 Cr₹18 Cr₹20 Cr₹42 Cr₹22 Cr₹36 Cr₹22 Cr₹35 Cr
EBITDA₹4 Cr₹-10 Cr₹5 Cr₹4 Cr₹5 Cr₹3 Cr₹-1 Cr₹9 Cr
Net Profit₹3 Cr₹-8 Cr₹3 Cr₹3 Cr₹4 Cr₹3 Cr₹-1 Cr₹6 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹37 Cr₹51 Cr₹52 Cr₹75 Cr₹77 Cr₹79 Cr₹74 Cr₹129 Cr
EBITDA₹2 Cr₹10 Cr₹8 Cr₹21 Cr₹27 Cr₹25 Cr₹3 Cr₹12 Cr
Net Profit₹2 Cr₹8 Cr₹6 Cr₹15 Cr₹20 Cr₹19 Cr₹2 Cr₹9 Cr
EPS2.9915.3110.6429.138.1935.83.1917.06
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹65 Cr₹75 Cr₹80 Cr₹94 Cr₹116 Cr₹127 Cr₹142 Cr₹160 Cr
Total Liabilities₹12 Cr₹14 Cr₹13 Cr₹12 Cr₹14 Cr₹7 Cr₹22 Cr₹30 Cr
Equity₹53 Cr₹61 Cr₹67 Cr₹82 Cr₹102 Cr₹120 Cr₹120 Cr₹129 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹17 Cr₹17 Cr₹21 Cr₹23 Cr₹7 Cr₹17 Cr
Investing₹1 Cr₹-16 Cr₹-24 Cr₹-14 Cr₹1 Cr₹-3 Cr
Financing₹-1 Cr₹-1 Cr₹-1 Cr₹-1 Cr₹-1 Cr₹0 Cr
Free Cash Flow₹17 Cr₹17 Cr₹21 Cr₹23 Cr₹7 Cr₹17 Cr
Shareholding
Promoter 53.68% Institutions 1.11% Public 45.21%
About De Nora India Limited

Industrials · Electrical Equipment & Parts

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.

india.denora.com ↗
Efficiency & Working Capital
ROCE9.3%
Interest Coverage121.2
Dividend Payout—
Debtor Days35 d
Inventory Days93 d
Payable Days32 d
Cash Conversion Cycle96 d
Working Capital Days128 d
Shareholding Details

As of 2026-09-30

Promoter53.7%
FII0.9%
DII0.2%
Institutions1.1%
Public45.2%
Promoter Pledge0%
No. of Shareholders13,648
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters53.7%53.7%53.7%53.7%53.7%53.7%53.7%53.7%53.7%53.7%53.7%53.7%
FIIs0.2%0.1%0.1%0.1%0.1%0.1%0%0%0%0.7%0.8%0.9%
DIIs0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%
Public45.9%46%46%46%46%46%46.1%46.1%46.1%45.4%45.3%45.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders14,61515,41514,87815,81316,03315,76215,48515,02414,67914,21413,96013,648
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Oronzio De Nora International B.v.Shareholding of Promoter and Promoter Group53.7%28,49,500
Bharat Ajay KapadiaPublic Shareholding1.4%75,000
Lalan Ajay KapadiaPublic Shareholding1.4%75,000
Mani Nath BhushanPublic Shareholding1.4%74,100
Industrie De Nora S.p.a.Shareholding of Promoter and Promoter Group0%0
De Nora Deutschland GmbhShareholding of Promoter and Promoter Group0%0
Shotec GmbhShareholding of Promoter and Promoter Group0%0
De Nora Permelec LtdShareholding of Promoter and Promoter Group0%0
De Nora Hong Kong LtdShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Supriya BanerjiChairperson2026
Vinay ChopraExecutive Director & MD2026
Deepak NagvekarExecutive Director / Whole Time Director / CFO2026
Purushottam MantriIndependent Non Exe. Director2026
LALITA CORREIA AFONSOIndependent Non Exe. Director2026
Guido PicariNon-Exec & Non-Independent Dir2026
Shrikant PaiCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Electrode technologies₹73 Cr98.6%
Water technologies₹1 Cr1.4%
Segments — Geography
RegionRevenueShare
India₹104 Cr85.6%
Outside India₹18 Cr14.4%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101055
Corporate Actions
TypeDateValueRemark
forthcoming2026-09-16Dividend (4/- per share)Final
forthcoming2026-09-16Dividend—
dividend2026-09-16₹4 (40%)Final
forthcoming2026-07-30Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202623001034
2026000000
20266001016
Company Information
Incorporated1993
ChairmanSupriya Banerji
AuditorPrice Waterhouse Chartered Accountants LLP
Investor Email[email protected]
🌐 www.denora.com ↗

📍 Plot Nos 184 185 & 189, Kundaim Industrial Estate, Kundaim, Goa, 403115

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