Diffusion Engineers manufactures industrial products. Operates at ₹80–₹141 Cr quarterly revenue with 14% operating margins. Market cap ₹1,466 Cr; promoters hold 70%.
Quarterly revenue swings ₹79.96–₹141.57 Cr drive erratic net profit (₹8.86–₹16.68 Cr) and EPS (₹2.37–₹4.47)
PE 26.74× is elevated—verify growth pipeline and competitive position justify premium
Institutional ownership low (FII 0.72%, DII 8.41% Jun 2026); check analyst depth and stock liquidity
Operating margin band 13.3–14.8% is tight; verify whether fixed costs limit downside protection at lower revenue
Generated analysis · source review pending
Revenue peak ₹141.57 Cr (Mar 2026); sustain or exceed it and 14% OPM compounds net profit growth
OPM stable 13.3–14.8% despite ₹79.96–₹141.57 Cr revenue range; shows operational discipline with margin buffer, though limited expansion room
ROE 13.03% with minimal leverage (D/E 0.07); verify capex or growth investments planned to unlock unused debt capacity
Dividend paid (Jul 2025) and results published (Aug 2026) signal steady cash generation; sustained profit supports returns
Generated analysis · source review pending
490 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
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Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 47.2% | 47.5% | 44.5% |
| EBITDA margin % | 14% | 14.1% | 14.1% |
| EBIT margin % | 12.3% | 12.5% | 12.4% |
| PAT margin % | 11.1% | 10.8% | 12.4% |
| Working capital | |||
| Receivable days | 87 | 92 | 115 |
| Inventory days | 132 | 142 | 119 |
| Payable days | 77 | 59 | 75 |
| NWC days | 143 | 175 | 159 |
| Leverage | |||
| Current ratio | 1.89 | 4.38 | 3.28 |
| Debt to EBITDA | 0.89 | 0.49 | 0.5 |
| Debt to equity | 0.18 | 0.06 | 0.07 |
| Interest coverage | 23.7 | 22.5 | 30.4 |
| Asset turnover | 1.01 | 0.75 | 0.8 |
| Return ratios | |||
| Return on assets % | 11.2% | 8.1% | 9.9% |
| Return on capital employed % | 21.2% | 17.8% | 16.6% |
| Return on equity % | 16.2% | 9.8% | 12.4% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
| Holder (%) | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.7% | 69.76% | 69.76% | |
| 2.95% | 1.38% | 0.02% | 0.67% | 0.57% | 0.14% | 0.41% | 0.72% | |
| 8.53% | 8.56% | 8.97% | 7.92% | 7.5% | 6.8% | 8.13% | 8.41% | |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 18.82% | 20.36% | 21.31% | 21.71% | 22.23% | 22.56% | 20.9% | 20.31% | |
| No. of shareholders | — | — | — | — | 23,168 | 22,662 | 22,256 | 21,849 |
Documents link to external sources (exchange filings, company investor pages).
Promoter holding up 0.06 percentage points since Sep 2024.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 31 Aug 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | Bulk | NSE | Sell | 4,17,401 | ₹468.61 | ₹19.56 Cr |
| 31 Aug 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | Bulk | NSE | Buy | 4,15,329 | ₹468.15 | ₹19.44 Cr |
| 31 Aug 2026 | MICROCURVES TRADING PRIVATE LIMITED | Bulk | NSE | Sell | 3,02,078 | ₹468.39 | ₹14.15 Cr |
| 31 Aug 2026 | MICROCURVES TRADING PRIVATE LIMITED | Bulk | NSE | Buy | 3,02,078 | ₹467.86 | ₹14.13 Cr |
| 31 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | Bulk | NSE | Sell | 2,48,958 | ₹466.79 | ₹11.62 Cr |
| 31 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | Bulk | NSE | Buy | 2,47,003 | ₹466.63 | ₹11.53 Cr |
| 31 Aug 2026 | QE SECURITIES LLP | Bulk | NSE | Buy | 2,07,783 | ₹465.23 | ₹9.67 Cr |
| 31 Aug 2026 | QE SECURITIES LLP | Bulk | NSE | Sell | 2,07,452 | ₹464.41 | ₹9.63 Cr |
| 25 Nov 2025 | DIFFUSION ESOP TRUST | Bulk | NSE | Buy | 2,93,959 | ₹297.68 | ₹8.75 Cr |
| 25 Nov 2025 | LIMITED DHANTERASH SUPPLIERS PRIVATE | Bulk | NSE | Sell | 2,17,217 | ₹297.40 | ₹6.46 Cr |
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Hbl Engineering LimitedHBLENGINEHBLENGINE | ₹21,604 Cr | ₹21,648 Cr | ₹2,718 Cr | ₹716 Cr | 33.7% | ₹537 Cr | 24.7% | 57.1% | 44.1% | 171 |
| Inox India LimitedINOXINDIAINOXINDIA | ₹19,688 Cr | ₹19,758 Cr | ₹1,618 Cr | ₹343 Cr | 21.6% | ₹255 Cr | 16.3% | 34.7% | 25.9% | 241 |
| Krn Heat Exchanger And Refrigeration LimitedKRNKRN | ₹9,266 Cr | ₹9,454 Cr | ₹737 Cr | ₹144 Cr | 18.7% | ₹97 Cr | 12.7% | 19.2% | 14.3% | 208 |
| Esab India LimitedESABINDIAESABINDIA | ₹8,471 Cr | ₹8,471 Cr | ₹1,577 Cr | ₹290 Cr | 17.9% | ₹222 Cr | 13.7% | 62.6% | 52.3% | 34 |
| Subros LimitedSUBROSSUBROS | ₹4,466 Cr | ₹4,495 Cr | ₹3,909 Cr | ₹323 Cr | 8.6% | ₹166 Cr | 4.4% | 18.8% | 14.2% | 34 |
| Harsha Engineers International LimitedHARSHAHARSHA | ₹4,318 Cr | ₹4,689 Cr | ₹1,719 Cr | ₹252 Cr | 14.7% | ₹155 Cr | 9.5% | 15.4% | 11.7% | 171 |
| Ador Welding LimitedADORADOR | ₹2,732 Cr | ₹2,733 Cr | ₹1,198 Cr | ₹153 Cr | 10.6% | ₹114 Cr | 7.2% | 21.8% | 15.4% | 53 |
| Diffusion Engineers LimitedDIFFNKGDIFFNKG | ₹1,737 Cr | ₹1,765 Cr | ₹436 Cr | ₹61 Cr | 14.1% | ₹55 Cr | 12.4% | 16.6% | 13% | 159 |
| Mic Electronics LimitedMICELMICEL | ₹868 Cr | ₹912 Cr | ₹223 Cr | ₹25 Cr | 13.3% | ₹-12 Cr | -6.6% | 9.8% | -5.8% | 278 |
| Technocrats Plasma Systems LtdTECHNOCRATTECHNOCRAT | ₹716 Cr | — | — | — | — | — | — | — | — | — |
| Hy-Tech Engineers LimitedHTELHTEL | ₹692 Cr | ₹721 Cr | ₹189 Cr | ₹42 Cr | 22% | ₹23 Cr | 11.9% | 23.1% | 20.2% | — |
| Mallcom (India) LimitedMALLCOMMALLCOM | ₹580 Cr | ₹700 Cr | ₹527 Cr | ₹56 Cr | 11.2% | ₹27 Cr | 5.6% | 15.4% | 9.7% | 159 |
2 schemes
| Shares | ||||||
|---|---|---|---|---|---|---|
| Defence Fund | HDFC Mutual Fund | 5.65 L | 23.99 | 0.23% | 1.512% | — |
| Dividend Yield Fund | HDFC Mutual Fund | 3.54 L | 15 | 0.27% | 0.946% | — |
Post- Intimation Of Investors & Analysts Meet And Plant Visit Held On Aug 27, 2026
Pre- Intimation Of Investors & Analysts Meet And Plant Visit Scheduled On August 27, 2026
Post- Intimation Of Investor/ Analyst Meet Held On August 20, 2026
Post- Intimation Of Investor/Analyst Meet Held On August 19, 2026
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pre- Intimation Of Investor/ Analyst Meet Scheduled On 20Th August, 2026
Announcement under Regulation 30 (LODR)-Newspaper Publication
Reg. 34 (1) Annual Report.
| Date | Category | Subject | Filing |
|---|---|---|---|
| 27 Aug 2026, 5:25 pm | Company Update General | Post- Intimation Of Investors & Analysts Meet And Plant Visit Held On Aug 27, 2026 | |
| 21 Aug 2026, 4:56 pm | Company Update General | Pre- Intimation Of Investors & Analysts Meet And Plant Visit Scheduled On August 27, 2026 |
| 20 Aug 2026, 5:33 pm | Company Update General | Post- Intimation Of Investor/ Analyst Meet Held On August 20, 2026 |
| 19 Aug 2026, 9:49 pm | Company Update General | Post- Intimation Of Investor/Analyst Meet Held On August 19, 2026 |
| 18 Aug 2026, 5:17 pm | Company Update Earnings Call Transcript | Announcement under Regulation 30 (LODR)-Earnings Call Transcript |
| 17 Aug 2026, 5:38 pm | Company Update General | Pre- Intimation Of Investor/ Analyst Meet Scheduled On 20Th August, 2026 |
| 15 Aug 2026, 11:38 am | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication |
| 14 Aug 2026, 10:17 am | Others Reg. 34 (1) Annual Report | Reg. 34 (1) Annual Report. |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 278 | 335 | 407 | |
| COGS | 147 | 176 | 226 |
| Gross profit | 131 | 159 | 181 |
| 92 | 114 | 121 | |
| 39 | 45 | 60 | |
| OPM % | 14% | 13.5% | 14.7% |
| Depreciation | 5 | 5 | 7 |
| Interest | 2 | 2 | 2 |
| 7 | 9 | 14 | |
| Profit before tax | 41 | 47 | 65 |
| Tax | 10 | 11 | 15 |
| Tax % | 25% | 23.2% | 22.5% |
| 31 | 36 | 50 | |
| PAT margin % | 11.1% | 10.8% | 12.4% |
| EPS (₹) | — | 9.6 | 13.5 |
| EPS adjusted (₹) | 11 | 9.6 | 13.5 |
| — | 15.6% | 11.1% | |
| Annual report | — | Annual report for Mar 2025 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 4 | 28 | 37 | 37 |
| Reserves | — | 163 | 331 | 368 |
| Minority interest | — | 0 | 0 | 1 |
| — | 34 | 23 | 29 | |
| — | 50 | 52 | 76 | |
| Total equity & liabilities | — | 276 | 444 | 510 |
| 64 | 91 | 98 | 110 | |
| CWIP | — | 1 | 3 | 23 |
| Investments | — | 29 | 35 | 43 |
| — | 154 | 309 | 334 | |
| Total assets | — | 276 | 444 | 510 |
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 36 | 9 | 23 | |
| -36 | -18 | -40 | |
| 3 | 129 | -12 | |
| Net cash flow | 3 | 119 | -29 |
| Free cash flow | 4 | -6 | -18 |
| CFO / Operating profit % | 93.6% | 18.3% | 39.9% |